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Shutterstock Inc
NYSE:SSTK

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Shutterstock Inc Logo
Shutterstock Inc
NYSE:SSTK
Watchlist
Price: 49.5 USD 1.52%
Updated: Mar 1, 2024

Intrinsic Value

Shutterstock, Inc. engages in the operation of a marketplace for licensed content. [ Read More ]

The intrinsic value of one SSTK stock under the Base Case scenario is 61.15 USD. Compared to the current market price of 49.5 USD, Shutterstock Inc is Undervalued by 19%.

Key Points:
SSTK Intrinsic Value
Base Case
61.15 USD
Undervaluation 19%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Shutterstock Inc

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Fundamental Analysis

Shutterstock Targets $1.2B Revenue by 2027
2023-Q4 Earnings Call

Shutterstock Targets $1.2B Revenue by 2027

Shutterstock delivered robust 2023 results, achieving a record $241 million EBITDA on $875 million revenue – a 6% revenue increase and 27.5% EBITDA margins. The enterprise channel saw exceptional 33% growth driven by a fivefold increase in data revenues, while e-commerce shed 12%. Looking ahead, Shutterstock plans aggressive expansion in the studios and gaming sectors, contributing to a projected revenue growth acceleration to 10% and profitability surge. Adjusted EPS for 2024 is forecasted between $4.15 and $4.30. By 2027, the company anticipates $1.2 billion in revenue with a 13% EBITDA growth to $350 million and hopes to generate over $800 million in free cash flow cumulatively over four years, driven by focused investments in data distribution and services alongside a content business targeting industry highs of 5-7% growth.

Financials

Balance Sheet Decomposition
Shutterstock Inc

Current Assets 292.6m
Cash & Short-Term Investments 100.5m
Receivables 91.1m
Other Current Assets 100.9m
Non-Current Assets 743.4m
PP&E 79.7m
Intangibles 567.7m
Other Non-Current Assets 96m
Current Liabilities 452.4m
Accounts Payable 9.1m
Accrued Liabilities 131.4m
Short-Term Debt 30m
Other Current Liabilities 281.8m
Non-Current Liabilities 56.5m
Other Non-Current Liabilities 56.5m
Efficiency
Fundamental Scores

SSTK Profitability Score
Profitability Due Diligence

Shutterstock Inc's profitability score is 61/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Free Cash Flow
Positive 3-Year Average ROE
Positive 3-Year Average ROIC
61/100
Profitability
Score

Shutterstock Inc's profitability score is 61/100. The higher the profitability score, the more profitable the company is.

SSTK Solvency Score
Solvency Due Diligence

Shutterstock Inc's solvency score is 77/100. The higher the solvency score, the more solvent the company is.

77/100
Solvency
Score

Shutterstock Inc's solvency score is 77/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

SSTK Price Targets Summary
Shutterstock Inc

Wall Street analysts forecast SSTK stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for SSTK is 58.96 USD with a low forecast of 40.4 USD and a high forecast of 73.5 USD.

Lowest
Price Target
40.4 USD
18% Downside
Average
Price Target
58.96 USD
19% Upside
Highest
Price Target
73.5 USD
48% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

SSTK Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

SSTK Price
Shutterstock Inc

1M 1M
+4%
6M 6M
+17%
1Y 1Y
-33%
3Y 3Y
-43%
5Y 5Y
+8%
10Y 10Y
-44%
Annual Price Range
49.5
52w Low
33.91
52w High
75.64
Price Metrics
Average Annual Return 15.55%
Standard Deviation of Annual Returns 55.15%
Max Drawdown -73%
Shares Statistics
Market Capitalization 1.7B USD
Shares Outstanding 35 571 000
Percentage of Shares Shorted 20.26%

SSTK Return Decomposition
Main factors of price return

What is price return decomposition?

SSTK News

Last Important Events
Shutterstock Inc

Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.

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Sentiment Analysis
Shutterstock Inc

Today
Last 7 Days 7D
Last 30 Days 30D
Last 90 Days 90D

Company Profile

Shutterstock Inc Logo
Shutterstock Inc

Country

United States of America

Industry

Retail

Market Cap

1.7B USD

Dividend Yield

2.51%

Description

Shutterstock, Inc. engages in the operation of a marketplace for licensed content. The company is headquartered in New York City, New York and currently employs 1,148 full-time employees. The company went IPO on 2012-10-11. The firm's content is distributed to customers under the Shutterstock, Bigstock, Offset and PremiumBeat brands. Its Shutterstock brand includes various content types and offerings such as image, footage, music, 3Dimensional (3D), and creative design software. Its Bigstock brand maintains a separate content library tailored for creators seeking to incorporate imagery into their projects. Its Offset brand provides content for high-impact use cases that require images, featuring work from top assignment photographers and illustrators from around the world. Its PremiumBeat’s library of music tracks provides producers, filmmakers, and marketers the ability to search handpicked production music from the composers. Its online platform provides a freely searchable collection of content that its users.

Contact

NEW YORK
New York City
350 5th Ave Fl 21
+16464194452.0
https://www.shutterstock.com/

IPO

2012-10-11

Employees

1 148

Officers

Founder & Executive Chairman
Mr. Jonathan Oringer
CEO & Director
Mr. Paul J. Hennessy
Chief Financial Officer
Mr. Jarrod Yahes
Chief Accounting Officer
Mr. Steven Ciardiello
Chief Technology Officer
Ms. Sejal Amin
Vice President of Corporate Development and Investor Relations
Chris Suh
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Senior VP, General Counsel & Corporate Secretary
Mr. John J. Lapham
Chief Marketing Officer
Ms. Rachel Mahoney
Chief Human Resources Officer
Ms. Sara Birmingham
Head of Global Production
Mr. Aiden Darne
Show Less

See Also

Discover More
What is the Intrinsic Value of one SSTK stock?

The intrinsic value of one SSTK stock under the Base Case scenario is 61.15 USD.

Is SSTK stock undervalued or overvalued?

Compared to the current market price of 49.5 USD, Shutterstock Inc is Undervalued by 19%.