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Shutterstock (Shutterstock) Cyclically Adjusted Price-to-FCF : 15.13 (As of Apr. 27, 2024)


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What is Shutterstock Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Shutterstock's current share price is $42.36. Shutterstock's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.80. Shutterstock's Cyclically Adjusted Price-to-FCF for today is 15.13.

The historical rank and industry rank for Shutterstock's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SSTK' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.07   Med: 26.5   Max: 53.99
Current: 15.04

During the past years, Shutterstock's highest Cyclically Adjusted Price-to-FCF was 53.99. The lowest was 12.07. And the median was 26.50.

SSTK's Cyclically Adjusted Price-to-FCF is ranked better than
64.71% of 136 companies
in the Interactive Media industry
Industry Median: 21.87 vs SSTK: 15.04

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Shutterstock's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.631. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $2.80 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shutterstock Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Shutterstock's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Shutterstock Cyclically Adjusted Price-to-FCF Chart

Shutterstock Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 35.93 45.96 19.96 17.22

Shutterstock Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.96 26.15 17.10 13.57 17.22

Competitive Comparison of Shutterstock's Cyclically Adjusted Price-to-FCF

For the Internet Content & Information subindustry, Shutterstock's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shutterstock's Cyclically Adjusted Price-to-FCF Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Shutterstock's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Shutterstock's Cyclically Adjusted Price-to-FCF falls into.



Shutterstock Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Shutterstock's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=42.36/2.8
=15.13

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shutterstock's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Shutterstock's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.631/129.4194*129.4194
=0.631

Current CPI (Dec. 2023) = 129.4194.

Shutterstock Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.132 99.695 0.171
201406 0.481 100.560 0.619
201409 0.580 100.428 0.747
201412 0.593 99.070 0.775
201503 0.509 99.621 0.661
201506 0.388 100.684 0.499
201509 0.409 100.392 0.527
201512 0.621 99.792 0.805
201603 0.361 100.470 0.465
201606 0.265 101.688 0.337
201609 0.579 101.861 0.736
201612 0.265 101.863 0.337
201703 0.083 102.862 0.104
201706 0.287 103.349 0.359
201709 0.518 104.136 0.644
201712 0.532 104.011 0.662
201803 0.155 105.290 0.191
201806 0.236 106.317 0.287
201809 0.630 106.507 0.766
201812 0.771 105.998 0.941
201903 0.336 107.251 0.405
201906 0.559 108.070 0.669
201909 0.671 108.329 0.802
201912 0.493 108.420 0.588
202003 -0.044 108.902 -0.052
202006 0.623 108.767 0.741
202009 1.563 109.815 1.842
202012 1.576 109.897 1.856
202103 0.719 111.754 0.833
202106 1.659 114.631 1.873
202109 1.184 115.734 1.324
202112 1.244 117.630 1.369
202203 0.275 121.301 0.293
202206 0.590 125.017 0.611
202209 0.590 125.227 0.610
202212 1.249 125.222 1.291
202303 1.391 127.348 1.414
202306 0.483 128.729 0.486
202309 -0.175 129.860 -0.174
202312 0.631 129.419 0.631

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Shutterstock  (NYSE:SSTK) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Shutterstock Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Shutterstock's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Shutterstock (Shutterstock) Business Description

Traded in Other Exchanges
Address
350 Fifth Avenue, 20th Floor, New York, NY, USA, 10118
Shutterstock Inc is a U.S.-based company that is engaged in the provision of digital content. The content segment, whose offerings include photographs, illustrations, vector art, video clips, and music tracks, generates almost all of the company's revenue. Shutterstock's digital content products are marketed under brands including Shutterstock, Bigstock, Offset, Shutterstock Music, and Shutterstock Editorial. Shutterstock is the company's flagship brand, and the majority of the company's sales are derived from the company's shutterstock.com website. The firm's customers include traditional enterprises, marketing agencies, and media organizations. Geographically, North America and Europe jointly account for the majority of the company's revenue.
Executives
Jonathan Oringer director, 10 percent owner, officer: Chief Executive Officer C/O SHUTTERSTOCK, INC., 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118
Steven Ciardiello officer: Chief Accounting Officer 269 HANCE ROAD, FAIR HAVEN NJ 07704
John Caine officer: Global Head of eCommerce 350 FIFTH AVE, 20TH FLOOR, NEW YORK NY 10118
Paul J. Hennessy director C/O SHUTTERSTOCK, INC., 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118
Deirdre Mary Bigley director 109 INWOOD AVENUE, MONTCLAIR NJ 07043
Jarrod Yahes officer: Chief Financial Officer 425 W. 53RD STREET, PH1, NEW YORK NY 10119
Peter Silvio officer: Chief Technology Officer C/O SHUTTERSTOCK, INC., 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118
Stan Pavlovsky director, officer: Chief Executive Officer 3316 LINCOLN AVE NE, RENTON WA 98056
Thomas R Evans director 11760 US HIGHWAY ONE, SUITE 200, NORTH PALM BEACH FL 33408
Alfonse L Upshaw director 350 FIFTH AVENUE, 21ST FL, NEW YORK NY 10118
Abraham Moshe Muchnick officer: Chief Product Officer C/O SHUTTERSTOCK, INC., 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118
Rachna Bhasin director 1855 GRIFFIN ROAD, B454, DANIA BEACH FL 33004
Martin Brodbeck officer: Chief Technology Officer 26 BLAIR ROAD, ARMONK NY 10504
Louis Weiss officer: Chief Marketing Officer C/O VITAMIN SHOPPE, 2101 91ST STREET, NORTH BERGEN NJ 07047
Jeffrey Kane Weiser officer: Chief Marketing Officer 314 S. GLENROY AVENUE, LOS ANGELES CA 90049