Shutterstock, Inc.

Shutterstock, Inc.

SSTKยทNYSE

$13.54

-1.2%
Communication ServicesInternet Content & Information

Shutterstock, Inc., a technology company, provides quality content, and creative workflow solutions in North America, Europe, and internationally. It offers image services consisting of photographs, vectors, and illustrations, which is used in visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications, and others; footage services, including video clips, filmed by industry experts and cinema grade video effects, and HD and 4K formats that are integrated into Websites, social media, marketing campaigns, and cinematic productions; and music services comprising music tracks and sound effects, which are used to complement images and footage. The company provides its services under the Shutterstock, Bigstock, Offset, TurboSquid,PremiumBeat brand names, as well as Application programming interface to enhance workflow and project management needs, and search capabilities. It serves corporate professionals and organizations, media and broadcast companies, and small and medium-sized businesses, and individual creators. The company was founded in 2003 and is headquartered in New York, New York.

At a Glance

Live Snapshot
Market Cap$497.43M
EPS1.2900
P/E Ratio10.50
Earnings Date07/28/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is compressed (P/E 10.5).

Valuation inputs: P/E 10.5, earnings yield +9.5%, momentum -1.2%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +7.8%, ROIC +7.4%).

Profitability stack: net margin +4.6%, ROE +7.8%, ROIC +7.4%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +57.1%, momentum -1.2%, net margin +4.6%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

sstk

Shutterstock, Inc. Market vs Earnings Trajectory

SSTK ยท NYSE

Loading price and EPS data...

Shutterstock, Inc.

Shutterstock, Inc. Fair Value Envelope

SSTK ยท NYSE

Our analysis suggests that SSTK has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $13.54, this represents a potential HIDDEN relative to our calculated worth for Shutterstock, Inc..

Intrinsic Value
Current Price: $13.54
3Y-39.0%
5Y-36.0%
10Y+39.0%
3Y+20.0%
5Y+48.0%
10Y+100.0%
3Y-40.0%
5Y-37.0%
10Y+39.0%
3Y+5.0%
5Y+1.0%
10Y+65.0%
3Y+26.0%
5Y-9.0%
10Y+133.0%
3Y+54.0%
5Y+86.0%
10Y+170.0%
Shutterstock, Inc.

Shutterstock, Inc. Profit Bridge

SSTK ยท NYSE
Revenue989.92M
Cost of Goods Sold (414.25M)
Gross Profit575.68M
Operating Expenses (465.71M)
Operating Income109.97M
Interest Expense (16.83M)
Other Income/Expense-34.63M
Pretax Income75.33M
Income Tax (29.84M)
Net Income45.50M
Net Income
45.50M

Profitability Analysis

Gross Margin

58.2%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

11.1%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

4.6%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

39.6%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

58.15%
Gross Profit Margin
1%
3Y-6.0%
5Y-5.0%
10Y-1.0%
11.11%
Operating Profit Margin
51%
3Y-2.0%
5Y-13.0%
10Y+20.0%
4.60%
Net Profit Margin
20%
3Y-50.0%
5Y-57.0%
10Y-30.0%
7.83%
Return on Equity
13%
3Y-54.0%
5Y-54.0%
10Y-31.0%
3.36%
Return on Assets
22%
3Y-61.0%
5Y-66.0%
10Y-48.0%
7.43%
Return on Invested Capital
60%
3Y-48.0%
5Y-49.0%
10Y-34.0%
SSTK

Shutterstock, Inc. Cash Conversion Engine

SSTK ยท NYSE
Net Income-16.02M
Depreciation & Amortization90.89M
Stock-Based Compensation61.08M
Change in Working Capital-23.15M
Others46.32M
Capital Expenditures-42.86M
Free Cash Flow123.83M

Cash Flow Quality Analysis

FCF Conversion Rate

-773.0%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

25.7%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

+950.0%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$23.15M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

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Shutterstock, Inc. Funding & Solvency Profile

SSTK ยท NYSE
Cash & Cash Equivalents162.52M
Net Receivables103.36M
Inventory0.00
Other Current Assets55.37M
Total Current Assets321 M
Property, Plant & Equipment70.97M
Goodwill & Intangible Assets778.05M
Long-Term Investments0.00
Other Non-Current Assets72.75M
Total Non-Current Assets144 M
Total Assets
1.31B

Financial Health Analysis

Current Ratio

0.51x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

1.46x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

-307849000

Negative working capital indicates short-term liabilities exceed short-term assetsโ€”potential liquidity stress.

Asset Composition

25% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Negative working capital but strong cash position suggests an efficient operating model (common in retail/subscription businesses) rather than financial distress.

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Shutterstock, Inc. Street Expectations Map

SSTK ยท NYSE

Wall Street analysts project that SSTK stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 67.00, with estimates ranging from a low of 55.00 to a high of 90.00.

Lowest Target
55.00
306.20%
Consensus Target
67.00
394.83%
Highest Target
90.00
564.70%

The consensus 1-year price target stands at 67.00, with estimates ranging from a low of 55.00 to a high of 90.00.

Analyst Consensus Analysis

Upside Potential

+394.8%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

52.2% spread

Mixed analyst views. Wide target range suggests differing opinions on key value drivers, growth prospects, or risk factors.

Analyst Conviction

Low

Bearish or uncertain outlook. Limited upside or poor consensus suggests challenges ahead or fundamental concerns.

Market Sentiment Insight

High risk, high reward: Substantial upside potential exists, but wide analyst disagreement signals execution risk or unclear catalysts. Thorough due diligence essential before committing capital.

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Shutterstock, Inc. Insider Positioning

SSTK ยท NYSE

During the last 12 months, there has been no insider trading activity reported for SSTK.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

2.17%
Dividend Yield
25%
3Y+483.0%
5Y+816.0%
10Y-
ย 

sstk Dividend History

SSTK
10Y CAGR 19%
Latest $0.36
Annual $1.71
Stable dividend payments
Last Period: +0%