$Shutterstock (SSTK.US)$In the October 2022 inventory, the s...

Launched in 2012, mainly engaged in photo sales business, global market, current price 45.89.

Revenue has continued to grow over the past 5 years, with an average growth rate of 8.3%. Operating profit increased sharply in 2020 due to the double decline in costs and expenses. The 5-year average growth rate was 33.6%, the 2022 growth rate fell to 3.9%, and net profit contracted 17.2% in 2022 due to other revenue. Interest charges for 2022 are negligible. The gross margin increased from 57.1% to 62% in the past 5 years, while the return on net assets fluctuated 18.2% to 16.6%.

In the first three quarters of 2023, revenue increased by 7.8%, operating profit shrank by 22.9%, and net profit increased by 61% due to restructuring and mergers and acquisitions.

Currently, the price-earnings ratio is 22, and the price-earnings ratio is TTM14. Since recent net profit mainly comes from mergers and acquisitions, it is not a significant improvement in core profitability, so wait and see.