Shutterstock Research Development vs Income Tax Expense Analysis

SSTK Stock  USD 31.77  0.38  1.21%   
Shutterstock financial indicator trend analysis is much more than just breaking down Shutterstock prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shutterstock is a good investment. Please check the relationship between Shutterstock Research Development and its Income Tax Expense accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shutterstock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Shutterstock Stock please use our How to buy in Shutterstock Stock guide.

Research Development vs Income Tax Expense

Research Development vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shutterstock Research Development account and Income Tax Expense. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Shutterstock's Research Development and Income Tax Expense is 0.4. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Shutterstock, assuming nothing else is changed. The correlation between historical values of Shutterstock's Research Development and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Shutterstock are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Research Development i.e., Shutterstock's Research Development and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.4
Relationship DirectionPositive 
Relationship StrengthWeak

Research Development

Income Tax Expense

Most indicators from Shutterstock's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shutterstock current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shutterstock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Shutterstock Stock please use our How to buy in Shutterstock Stock guide.Enterprise Value is expected to rise to about 1.1 B this year, although the value of Selling General Administrative will most likely fall to about 78.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit495.8M513.5M522.0M303.9M
Total Revenue773.4M827.8M874.6M505.3M

Shutterstock fundamental ratios Correlations

0.750.440.630.810.690.70.72-0.50.660.680.60.510.30.480.620.620.45-0.670.250.410.870.630.390.80.66
0.750.670.870.980.670.850.98-0.30.870.790.490.80.460.490.430.830.75-0.650.580.590.860.970.590.710.67
0.440.670.880.630.330.410.630.20.910.52-0.040.90.770.22-0.080.870.89-0.360.410.890.430.690.890.320.27
0.630.870.880.830.570.740.870.00.980.70.20.970.750.340.120.990.94-0.530.560.840.670.890.850.520.53
0.810.980.630.830.70.840.95-0.430.850.80.590.730.410.560.550.790.67-0.760.460.560.920.910.530.810.71
0.690.670.330.570.70.620.73-0.380.550.790.430.460.340.240.420.60.42-0.570.120.390.710.60.350.610.53
0.70.850.410.740.840.620.91-0.520.680.650.670.60.380.590.570.730.52-0.580.570.440.840.830.460.780.83
0.720.980.630.870.950.730.91-0.320.840.810.490.780.450.450.410.840.73-0.610.570.570.830.960.560.690.72
-0.5-0.30.20.0-0.43-0.38-0.52-0.32-0.03-0.25-0.970.220.29-0.69-0.970.030.310.530.060.2-0.69-0.120.22-0.83-0.72
0.660.870.910.980.850.550.680.84-0.030.710.220.950.720.360.170.960.92-0.630.450.860.70.850.840.560.49
0.680.790.520.70.80.790.650.81-0.250.710.350.630.420.060.340.670.58-0.650.210.470.720.740.450.590.61
0.60.49-0.040.20.590.430.670.49-0.970.220.35-0.01-0.170.780.980.16-0.1-0.610.13-0.070.810.33-0.080.910.81
0.510.80.90.970.730.460.60.780.220.950.63-0.010.760.18-0.090.950.99-0.40.580.840.520.850.850.330.37
0.30.460.770.750.410.340.380.450.290.720.42-0.170.760.04-0.230.80.73-0.250.350.950.260.510.970.190.11
0.480.490.220.340.560.240.590.45-0.690.360.060.780.180.040.740.330.11-0.490.310.20.70.380.20.780.54
0.620.43-0.080.120.550.420.570.41-0.970.170.340.98-0.09-0.230.740.09-0.18-0.630.0-0.110.790.24-0.140.90.73
0.620.830.870.990.790.60.730.840.030.960.670.160.950.80.330.090.92-0.50.530.880.640.850.890.510.47
0.450.750.890.940.670.420.520.730.310.920.58-0.10.990.730.11-0.180.92-0.340.570.810.440.820.820.230.29
-0.67-0.65-0.36-0.53-0.76-0.57-0.58-0.610.53-0.63-0.65-0.61-0.4-0.25-0.49-0.63-0.5-0.340.14-0.43-0.79-0.48-0.32-0.79-0.49
0.250.580.410.560.460.120.570.570.060.450.210.130.580.350.310.00.530.570.140.30.350.710.430.180.4
0.410.590.890.840.560.390.440.570.20.860.47-0.070.840.950.2-0.110.880.81-0.430.30.390.60.980.320.17
0.870.860.430.670.920.710.840.83-0.690.70.720.810.520.260.70.790.640.44-0.790.350.390.730.370.950.83
0.630.970.690.890.910.60.830.96-0.120.850.740.330.850.510.380.240.850.82-0.480.710.60.730.620.540.59
0.390.590.890.850.530.350.460.560.220.840.45-0.080.850.970.2-0.140.890.82-0.320.430.980.370.620.30.2
0.80.710.320.520.810.610.780.69-0.830.560.590.910.330.190.780.90.510.23-0.790.180.320.950.540.30.81
0.660.670.270.530.710.530.830.72-0.720.490.610.810.370.110.540.730.470.29-0.490.40.170.830.590.20.81
Click cells to compare fundamentals

Shutterstock Account Relationship Matchups

Shutterstock fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding35.6M36.4M37.3M36.5M36.2M36.0M
Total Assets630.5M729.6M851.7M881.2M1.0B554.5M
Other Current Liab18.8M87.5M121.2M115.1M216.1M226.9M
Total Current Liabilities245.9M256.9M333.8M383.7M452.4M475.0M
Total Stockholder Equity328.1M421.9M468.5M447.5M527.1M296.1M
Other Liab9.2M9.2M12.5M14.4M16.5M11.4M
Property Plant And Equipment Net104.3M90.5M82.6M72.1M79.7M57.9M
Current Deferred Revenue141.9M149.8M181.0M187.1M203.5M125.3M
Net Debt(255.9M)(387.0M)(277.1M)(29.5M)(41.1M)(43.1M)
Retained Earnings121.2M168.3M229.5M271.1M342.7M359.8M
Accounts Payable6.1M2.4M10.1M7.2M9.1M6.1M
Cash303.3M428.6M314.0M115.2M100.5M95.5M
Non Current Assets Total253.5M240.6M463.5M665.5M743.4M780.6M
Non Currrent Assets Other16.6M1.4M6.7M1.8M51.2M53.7M
Other Assets33.6M74.5M17.2M18.4M21.1M23.5M
Cash And Short Term Investments303.3M428.6M314.0M115.2M100.5M95.5M
Net Receivables47.0M43.8M47.7M67.2M91.1M95.7M
Good Will89.0M89.4M219.8M381.9M383.3M402.5M
Common Stock Total Equity381K389K392K396K356.4K338.6K
Liabilities And Stockholders Equity630.5M729.6M851.7M881.2M1.0B554.5M
Non Current Liabilities Total56.5M50.8M49.4M50.0M56.5M33.3M
Other Current Assets26.7M33.3M26.5M33.3M100.9M106.0M
Other Stockholder Equity212.8M260.9M249.3M191.5M196.0M173.0M
Total Liab302.4M307.7M383.2M433.7M508.9M258.4M
Property Plant And Equipment Gross104.3M90.5M82.6M72.1M353.9M371.5M
Total Current Assets377.0M489.1M388.2M215.7M292.6M299.0M
Accumulated Other Comprehensive Income(6.2M)(7.7M)(10.8M)(15.4M)(12.0M)(11.4M)
Short Term Debt79.1M94.2M128.5M50M39.1M59.5M
Intangible Assets26.7M25.8M123.8M173.1M184.4M193.6M
Common Stock381K389K392K396K399K379.1K
Property Plant Equipment58.8M50.9M48.1M54.5M62.7M44.0M
Net Tangible Assets212.5M306.7M124.8M(107.5M)(96.8M)(91.9M)
Retained Earnings Total Equity121.2M168.3M229.5M271.1M311.7M327.3M
Capital Surpluse312.8M360.9M376.5M391.5M450.2M282.2M
Deferred Long Term Liab1.5M77K2.8M4.5M5.1M5.4M
Non Current Liabilities Other56.5M50.8M46.7M9.9M22.9M24.4M

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When determining whether Shutterstock is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Shutterstock Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Shutterstock Stock. Highlighted below are key reports to facilitate an investment decision about Shutterstock Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shutterstock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Shutterstock Stock please use our How to buy in Shutterstock Stock guide.
You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Interactive Media & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Shutterstock. If investors know Shutterstock will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Shutterstock listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.37)
Dividend Share
1.17
Earnings Share
1.03
Revenue Per Share
25.385
Quarterly Revenue Growth
0.074
The market value of Shutterstock is measured differently than its book value, which is the value of Shutterstock that is recorded on the company's balance sheet. Investors also form their own opinion of Shutterstock's value that differs from its market value or its book value, called intrinsic value, which is Shutterstock's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Shutterstock's market value can be influenced by many factors that don't directly affect Shutterstock's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Shutterstock's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shutterstock is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shutterstock's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.