SSTK - Shutterstock, Inc.
Price:
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$67.00
DETAILS
HIGH:
$90.00
LOW:
$55.00
MEDIAN:
$56.00
CONSENSUS:
$67.00
UPSIDE:
313.07%
AlphaVal
Deterministic, archetype-aware fair value
Platform & Compounding FCF
75% confidence
Primary model: Two-stage FCF DCF
Adjust Assumptions
8.8%
11.0%
3.0%
Key Value Driver
FCF growth rate (9% base case)
Terminal Value % of EV
38%
Implied Market Multiple
9.4x
Plain-Language Summary
Our base-case estimate uses a two-stage discounted cash flow model based on free cash flow. We then blend that result with the average analyst price target of $67.00 from 18 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $45.36 per share.
Warnings
Stock-based employee pay equals 134% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.
Wall Street's average price target is $67.00 (from 18 analysts). Our estimate is 43% below the consensus -- consider that gap carefully.
Key Risks
- P/E alone misleads — earnings depressed by growth investment
- Cyclical or commodity businesses may be misclassified as platforms
- Terminal value dominance suggests sensitivity to long-run assumptions