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Shutterstock (STU:S3T) Cyclically Adjusted Price-to-FCF : 13.90 (As of Jun. 08, 2024)


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What is Shutterstock Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Shutterstock's current share price is €36.15. Shutterstock's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.60. Shutterstock's Cyclically Adjusted Price-to-FCF for today is 13.90.

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

STU:S3T' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.07   Med: 26.04   Max: 53.99
Current: 14.01

During the past years, Shutterstock's highest Cyclically Adjusted Price-to-FCF was 53.99. The lowest was 12.07. And the median was 26.04.

STU:S3T's Cyclically Adjusted Price-to-FCF is ranked better than
65.44% of 136 companies
in the Interactive Media industry
Industry Median: 22.125 vs STU:S3T: 14.01

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 Mar. 2024 was €-0.183. 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 €2.60 for the trailing ten years ended in Mar. 2024.

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
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 26.15 17.10 13.57 17.22 16.25

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
=36.15/2.6
=13.90

* 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 Mar. 2024 is calculated as:

For example, Shutterstock's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.183/131.7762*131.7762
=-0.183

Current CPI (Mar. 2024) = 131.7762.

Shutterstock Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.354 100.560 0.464
201409 0.450 100.428 0.590
201412 0.481 99.070 0.640
201503 0.471 99.621 0.623
201506 0.346 100.684 0.453
201509 0.365 100.392 0.479
201512 0.570 99.792 0.753
201603 0.325 100.470 0.426
201606 0.236 101.688 0.306
201609 0.516 101.861 0.668
201612 0.251 101.863 0.325
201703 0.078 102.862 0.100
201706 0.255 103.349 0.325
201709 0.435 104.136 0.550
201712 0.450 104.011 0.570
201803 0.126 105.290 0.158
201806 0.202 106.317 0.250
201809 0.540 106.507 0.668
201812 0.678 105.998 0.843
201903 0.297 107.251 0.365
201906 0.494 108.070 0.602
201909 0.609 108.329 0.741
201912 0.444 108.420 0.540
202003 -0.040 108.902 -0.048
202006 0.554 108.767 0.671
202009 1.327 109.815 1.592
202012 1.296 109.897 1.554
202103 0.604 111.754 0.712
202106 1.377 114.631 1.583
202109 1.007 115.734 1.147
202112 1.101 117.630 1.233
202203 0.249 121.301 0.271
202206 0.558 125.017 0.588
202209 0.596 125.227 0.627
202212 1.180 125.222 1.242
202303 1.299 127.348 1.344
202306 0.446 128.729 0.457
202309 -0.164 129.860 -0.166
202312 0.578 129.419 0.589
202403 -0.183 131.776 -0.183

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  (STU:S3T) 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 (STU:S3T) 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.

Shutterstock (STU:S3T) Headlines

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