Company Valuation: Shutterstock, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,597 4,083 1,888 1,724 1,058 678.4
Change - 57.22% -53.76% -8.68% -38.64% -35.88%
Enterprise Value (EV) 1 2,219 3,815 1,868 1,692 1,258 800.5
Change - 71.88% -51.04% -9.39% -25.68% -36.34%
P/E 36.4x 45.1x 25.3x 15.9x 30x 15.3x
PBR 6.16x 8.62x 4.22x 3.26x 2.04x 1.17x
PEG - 1.8x -1.6x 0.3x -0.4x 0.6x
Capitalization / Revenue 3.9x 5.28x 2.28x 1.97x 1.13x 0.69x
EV / Revenue 3.33x 4.93x 2.26x 1.93x 1.34x 0.81x
EV / EBITDA 21.5x 28.8x 12x 11.4x 10x 5.01x
EV / EBIT 24.5x 34.4x 16x 16.4x 16.3x 7.28x
EV / FCF 18.1x 25.5x 21.8x 12.8x 5.57x 5.35x
FCF Yield 5.52% 3.92% 4.59% 7.84% 18% 18.7%
Dividend per Share 2 0.68 0.84 0.96 1.08 1.2 1.32
Rate of return 0.95% 0.76% 1.82% 2.24% 3.95% 6.91%
EPS 2 1.97 2.46 2.08 3.04 1.01 1.25
Distribution rate 34.5% 34.1% 46.2% 35.5% 119% 106%
Net sales 1 666.7 773.4 827.8 874.6 935.3 989.9
EBITDA 1 103.1 132.7 155.5 147.8 125.5 159.7
EBIT 1 90.67 110.8 116.6 103 77.21 110
Net income 1 71.77 91.88 76.1 110.3 35.93 45.5
Net Debt 1 -377.9 -268.7 -20.63 -32.01 199.5 122.1
Reference price 2 71.700 110.880 52.720 48.280 30.350 19.100
Nbr of stocks (in thousands) 36,223 36,827 35,815 35,713 34,861 35,520
Announcement Date 2/11/21 2/10/22 2/14/23 2/26/24 2/25/25 2/17/26
1USD in Million2USD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 220M
16.07x4.37x10.21x1.28% 548B
20.69x6.12x18.4x-.--% 309B
23.28x2.69x13.65x-.--% 153B
33.69x6.67x18.71x-.--% 105B
11.68x8.83x103.03x0.57% 104B
34.51x4x26.17x-.--% 100B
84.39x4.99x23.79x-.--% 93.7B
3.25x63.83x2.31x0.16% 87.74B
9.76x3.15x53.19x0.65% 42.53B
Average 26.37x 11.63x 29.94x 0.3% 154.31B
Weighted average by Cap. 23.06x 8.37x 21.61x 0.52%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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