SHUTTERSTOCK INC (SSTK) Stock Fundamental Analysis
NYSE:SSTK - New York Stock Exchange, Inc. - US8256901005 - Common Stock - Currency: USD
SSTK gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 71 industry peers in the Interactive Media & Services industry. SSTK scores excellent on profitability, but there are concerns on its financial health. SSTK may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
SSTK had positive earnings in the past year.
In the past year SSTK had a positive cash flow from operations.
Each year in the past 5 years SSTK has been profitable.
SSTK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of SSTK (2.70%) is better than 71.21% of its industry peers.
Looking at the Return On Equity, with a value of 6.95%, SSTK is in the better half of the industry, outperforming 75.76% of the companies in the same industry.
SSTK's Return On Invested Capital of 5.96% is fine compared to the rest of the industry. SSTK outperforms 74.24% of its industry peers.
SSTK had an Average Return On Invested Capital over the past 3 years of 15.20%. This is above the industry average of 12.57%.
The last Return On Invested Capital (5.96%) for SSTK is well below the 3 year average (15.20%), which needs to be investigated, but indicates that SSTK had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.7% | ||
| ROE | 6.95% | ||
| ROIC | 5.96% |
ROA(3y)10.02%
ROA(5y)8.62%
ROE(3y)19.18%
ROE(5y)16.14%
ROIC(3y)15.2%
ROIC(5y)13.17%
1.3 Margins
With a decent Profit Margin value of 4.03%, SSTK is doing good in the industry, outperforming 72.73% of the companies in the same industry.
SSTK's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 6.39%, SSTK is doing good in the industry, outperforming 69.70% of the companies in the same industry.
SSTK's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 57.91%, SSTK is in line with its industry, outperforming 45.45% of the companies in the same industry.
In the last couple of years the Gross Margin of SSTK has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.39% | ||
| PM (TTM) | 4.03% | ||
| GM | 57.91% |
OM growth 3Y-15.13%
OM growth 5Y8.45%
PM growth 3Y5.39%
PM growth 5Y7.52%
GM growth 3Y-0.76%
GM growth 5Y0.91%
2. Health
2.1 Basic Checks
SSTK has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for SSTK has been reduced compared to 1 year ago.
SSTK has more shares outstanding than it did 5 years ago.
The debt/assets ratio for SSTK has been reduced compared to a year ago.
2.2 Solvency
SSTK has an Altman-Z score of 1.49. This is a bad value and indicates that SSTK is not financially healthy and even has some risk of bankruptcy.
SSTK's Altman-Z score of 1.49 is in line compared to the rest of the industry. SSTK outperforms 54.55% of its industry peers.
The Debt to FCF ratio of SSTK is 26.87, which is on the high side as it means it would take SSTK, 26.87 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of SSTK (26.87) is comparable to the rest of the industry.
SSTK has a Debt/Equity ratio of 0.53. This is a neutral value indicating SSTK is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.53, SSTK is doing worse than 71.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 26.87 | ||
| Altman-Z | 1.49 |
ROIC/WACC0.67
WACC8.84%
2.3 Liquidity
A Current Ratio of 0.42 indicates that SSTK may have some problems paying its short term obligations.
SSTK has a Current ratio of 0.42. This is amonst the worse of the industry: SSTK underperforms 93.94% of its industry peers.
A Quick Ratio of 0.42 indicates that SSTK may have some problems paying its short term obligations.
SSTK's Quick ratio of 0.42 is on the low side compared to the rest of the industry. SSTK is outperformed by 92.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.42 | ||
| Quick Ratio | 0.42 |
3. Growth
3.1 Past
The earnings per share for SSTK have decreased strongly by -10.92% in the last year.
Measured over the past years, SSTK shows a very strong growth in Earnings Per Share. The EPS has been growing by 22.55% on average per year.
Looking at the last year, SSTK shows a small growth in Revenue. The Revenue has grown by 3.11% in the last year.
The Revenue has been growing slightly by 7.01% on average over the past years.
EPS 1Y (TTM)-10.92%
EPS 3Y18.47%
EPS 5Y22.55%
EPS Q2Q%3.97%
Revenue 1Y (TTM)3.11%
Revenue growth 3Y9.47%
Revenue growth 5Y7.01%
Sales Q2Q%7.43%
3.2 Future
The Earnings Per Share is expected to grow by 5.72% on average over the next years.
SSTK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.48% yearly.
EPS Next Y0.43%
EPS Next 2Y4.46%
EPS Next 3Y5%
EPS Next 5Y5.72%
Revenue Next Year6.43%
Revenue Next 2Y9.45%
Revenue Next 3Y7.98%
Revenue Next 5Y6.48%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 6.11, the valuation of SSTK can be described as very cheap.
Based on the Price/Earnings ratio, SSTK is valued cheaper than 93.94% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 29.63. SSTK is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 5.37 indicates a rather cheap valuation of SSTK.
SSTK's Price/Forward Earnings ratio is rather cheap when compared to the industry. SSTK is cheaper than 96.97% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.68. SSTK is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.11 | ||
| Fwd PE | 5.37 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SSTK is valued cheaply inside the industry as 89.39% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SSTK is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 85.18 | ||
| EV/EBITDA | 6.39 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SSTK does not grow enough to justify the current Price/Earnings ratio.
SSTK has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)14.1
PEG (5Y)0.27
EPS Next 2Y4.46%
EPS Next 3Y5%
5. Dividend
5.1 Amount
SSTK has a Yearly Dividend Yield of 5.02%, which is a nice return.
Compared to an average industry Dividend Yield of 2.76, SSTK pays a better dividend. On top of this SSTK pays more dividend than 98.48% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.29, SSTK pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.02% |
5.2 History
The dividend of SSTK decreases each year by -18.46%.
SSTK has been paying a dividend for over 5 years, so it has already some track record.
SSTK has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-18.46%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
SSTK pays out 114.44% of its income as dividend. This is not a sustainable payout ratio.
DP114.44%
EPS Next 2Y4.46%
EPS Next 3Y5%
25.41
-0.9 (-3.42%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryInteractive Media & Services
Earnings (Last)
Earnings (Next)
Inst Owners81.45%
Inst Owner Change3.04%
Ins Owners31.59%
Ins Owner Change0%
Market Cap885.03M
Analysts78
Price Target46.67 (83.67%)
Short Float %10.69%
Short Ratio4.08
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.02% |
Yearly Dividend1.08
Dividend Growth(5Y)-18.46%
DP114.44%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.02%
Min EPS beat(2)-1.96%
Max EPS beat(2)13.99%
EPS beat(4)3
Avg EPS beat(4)7.1%
Min EPS beat(4)-1.96%
Max EPS beat(4)13.99%
EPS beat(8)7
Avg EPS beat(8)13.78%
EPS beat(12)10
Avg EPS beat(12)14.75%
EPS beat(16)14
Avg EPS beat(16)20.55%
Revenue beat(2)2
Avg Revenue beat(2)1.54%
Min Revenue beat(2)1.06%
Max Revenue beat(2)2.02%
Revenue beat(4)3
Avg Revenue beat(4)-0.27%
Min Revenue beat(4)-4.93%
Max Revenue beat(4)2.02%
Revenue beat(8)5
Avg Revenue beat(8)0.53%
Revenue beat(12)5
Avg Revenue beat(12)-0.71%
Revenue beat(16)9
Avg Revenue beat(16)0.1%
PT rev (1m)-5.18%
PT rev (3m)-14.08%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10.33%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.04%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.21%
Revenue NY rev (3m)0.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.11 | ||
| Fwd PE | 5.37 | ||
| P/S | 0.98 | ||
| P/FCF | 85.18 | ||
| P/OCF | 15.09 | ||
| P/B | 1.69 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.39 |
EPS(TTM)4.16
EY16.37%
EPS(NY)4.74
Fwd EY18.64%
FCF(TTM)0.3
FCFY1.17%
OCF(TTM)1.68
OCFY6.62%
SpS25.9
BVpS15.01
TBVpS-9.48
PEG (NY)14.1
PEG (5Y)0.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.7% | ||
| ROE | 6.95% | ||
| ROCE | 8.42% | ||
| ROIC | 5.96% | ||
| ROICexc | 7.06% | ||
| ROICexgc | N/A | ||
| OM | 6.39% | ||
| PM (TTM) | 4.03% | ||
| GM | 57.91% | ||
| FCFM | 1.15% |
ROA(3y)10.02%
ROA(5y)8.62%
ROE(3y)19.18%
ROE(5y)16.14%
ROIC(3y)15.2%
ROIC(5y)13.17%
ROICexc(3y)26.72%
ROICexc(5y)53.94%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)18.39%
ROCE(5y)15.69%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y-59%
ROICexc growth 5Y-20.53%
OM growth 3Y-15.13%
OM growth 5Y8.45%
PM growth 3Y5.39%
PM growth 5Y7.52%
GM growth 3Y-0.76%
GM growth 5Y0.91%
F-Score4
Asset Turnover0.67
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 26.87 | ||
| Debt/EBITDA | 1.93 | ||
| Cap/Depr | 56.98% | ||
| Cap/Sales | 5.35% | ||
| Interest Coverage | 16.58 | ||
| Cash Conversion | 41.19% | ||
| Profit Quality | 28.58% | ||
| Current Ratio | 0.42 | ||
| Quick Ratio | 0.42 | ||
| Altman-Z | 1.49 |
F-Score4
WACC8.84%
ROIC/WACC0.67
Cap/Depr(3y)82.24%
Cap/Depr(5y)72.17%
Cap/Sales(3y)6.16%
Cap/Sales(5y)5.27%
Profit Quality(3y)134.76%
Profit Quality(5y)195.84%
High Growth Momentum
Growth
EPS 1Y (TTM)-10.92%
EPS 3Y18.47%
EPS 5Y22.55%
EPS Q2Q%3.97%
EPS Next Y0.43%
EPS Next 2Y4.46%
EPS Next 3Y5%
EPS Next 5Y5.72%
Revenue 1Y (TTM)3.11%
Revenue growth 3Y9.47%
Revenue growth 5Y7.01%
Sales Q2Q%7.43%
Revenue Next Year6.43%
Revenue Next 2Y9.45%
Revenue Next 3Y7.98%
Revenue Next 5Y6.48%
EBIT growth 1Y-37.71%
EBIT growth 3Y-7.1%
EBIT growth 5Y16.05%
EBIT Next Year214.09%
EBIT Next 3Y56.81%
EBIT Next 5Y34.81%
FCF growth 1Y-90.55%
FCF growth 3Y-11.74%
FCF growth 5Y7.34%
OCF growth 1Y-61.38%
OCF growth 3Y-5.22%
OCF growth 5Y6.58%