MITEK SYSTEMS INC (MITK) Fundamental Analysis & Valuation
NASDAQ:MITK • US6067102003
Current stock price
13.55 USD
-0.6 (-4.24%)
At close:
13.8673 USD
+0.32 (+2.34%)
After Hours:
This MITK fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. MITK Profitability Analysis
1.1 Basic Checks
- MITK had positive earnings in the past year.
- MITK had a positive operating cash flow in the past year.
- MITK had positive earnings in each of the past 5 years.
- Each year in the past 5 years MITK had a positive operating cash flow.
1.2 Ratios
- MITK has a better Return On Assets (3.62%) than 69.45% of its industry peers.
- MITK's Return On Equity of 6.92% is fine compared to the rest of the industry. MITK outperforms 69.82% of its industry peers.
- The Return On Invested Capital of MITK (5.21%) is better than 72.73% of its industry peers.
- MITK had an Average Return On Invested Capital over the past 3 years of 3.01%. This is significantly below the industry average of 10.91%.
- The 3 year average ROIC (3.01%) for MITK is below the current ROIC(5.21%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.62% | ||
| ROE | 6.92% | ||
| ROIC | 5.21% |
ROA(3y)1.56%
ROA(5y)1.49%
ROE(3y)3.03%
ROE(5y)3%
ROIC(3y)3.01%
ROIC(5y)3.2%
1.3 Margins
- With a decent Profit Margin value of 8.67%, MITK is doing good in the industry, outperforming 72.00% of the companies in the same industry.
- MITK's Profit Margin has declined in the last couple of years.
- The Operating Margin of MITK (14.65%) is better than 81.82% of its industry peers.
- MITK's Operating Margin has declined in the last couple of years.
- With an excellent Gross Margin value of 84.33%, MITK belongs to the best of the industry, outperforming 90.55% of the companies in the same industry.
- MITK's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.65% | ||
| PM (TTM) | 8.67% | ||
| GM | 84.33% |
OM growth 3Y-1.17%
OM growth 5Y-2.03%
PM growth 3Y32.91%
PM growth 5Y-8.66%
GM growth 3Y-0.39%
GM growth 5Y-0.44%
2. MITK Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MITK is destroying value.
- Compared to 1 year ago, MITK has more shares outstanding
- MITK has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, MITK has an improved debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 2.34 indicates that MITK is not a great score, but indicates only limited risk for bankruptcy at the moment.
- MITK has a Altman-Z score of 2.34. This is in the better half of the industry: MITK outperforms 60.36% of its industry peers.
- The Debt to FCF ratio of MITK is 2.63, which is a good value as it means it would take MITK, 2.63 years of fcf income to pay off all of its debts.
- MITK has a better Debt to FCF ratio (2.63) than 63.27% of its industry peers.
- A Debt/Equity ratio of 0.68 indicates that MITK is somewhat dependend on debt financing.
- With a Debt to Equity ratio value of 0.68, MITK is not doing good in the industry: 68.73% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 2.63 | ||
| Altman-Z | 2.34 |
ROIC/WACC0.55
WACC9.45%
2.3 Liquidity
- A Current Ratio of 1.18 indicates that MITK should not have too much problems paying its short term obligations.
- MITK's Current ratio of 1.18 is on the low side compared to the rest of the industry. MITK is outperformed by 67.27% of its industry peers.
- A Quick Ratio of 1.18 indicates that MITK should not have too much problems paying its short term obligations.
- MITK's Quick ratio of 1.18 is on the low side compared to the rest of the industry. MITK is outperformed by 66.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.18 |
3. MITK Growth Analysis
3.1 Past
- MITK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.34%, which is quite good.
- Measured over the past 5 years, MITK shows a small growth in Earnings Per Share. The EPS has been growing by 7.68% on average per year.
- The Revenue has grown by 8.27% in the past year. This is quite good.
- Measured over the past years, MITK shows a quite strong growth in Revenue. The Revenue has been growing by 12.15% on average per year.
EPS 1Y (TTM)11.34%
EPS 3Y2.91%
EPS 5Y7.68%
EPS Q2Q%73.33%
Revenue 1Y (TTM)8.27%
Revenue growth 3Y7.68%
Revenue growth 5Y12.15%
Sales Q2Q%18.76%
3.2 Future
- Based on estimates for the next years, MITK will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.68% on average per year.
- Based on estimates for the next years, MITK will show a quite strong growth in Revenue. The Revenue will grow by 9.07% on average per year.
EPS Next Y20.51%
EPS Next 2Y13.15%
EPS Next 3Y19.68%
EPS Next 5YN/A
Revenue Next Year9.79%
Revenue Next 2Y8.93%
Revenue Next 3Y9.07%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. MITK Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 12.55, MITK is valued correctly.
- Based on the Price/Earnings ratio, MITK is valued cheaper than 83.27% of the companies in the same industry.
- MITK is valuated cheaply when we compare the Price/Earnings ratio to 26.86, which is the current average of the S&P500 Index.
- MITK is valuated reasonably with a Price/Forward Earnings ratio of 10.91.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of MITK indicates a rather cheap valuation: MITK is cheaper than 81.09% of the companies listed in the same industry.
- MITK's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 37.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.55 | ||
| Fwd PE | 10.91 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, MITK is valued cheaply inside the industry as 86.18% of the companies are valued more expensively.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of MITK indicates a rather cheap valuation: MITK is cheaper than 87.64% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.14 | ||
| EV/EBITDA | 9.76 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- The decent profitability rating of MITK may justify a higher PE ratio.
- MITK's earnings are expected to grow with 19.68% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.61
PEG (5Y)1.63
EPS Next 2Y13.15%
EPS Next 3Y19.68%
5. MITK Dividend Analysis
5.1 Amount
- No dividends for MITK!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
MITK Fundamentals: All Metrics, Ratios and Statistics
13.55
-0.6 (-4.24%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-05 2026-02-05/amc
Earnings (Next)04-23 2026-04-23
Inst Owners81.93%
Inst Owner Change0.03%
Ins Owners2.52%
Ins Owner Change7.47%
Market Cap614.09M
Revenue(TTM)186.68M
Net Income(TTM)16.18M
Analysts85.45
Price Target15.3 (12.92%)
Short Float %5%
Short Ratio2.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)35.39%
Min EPS beat(2)30.72%
Max EPS beat(2)40.06%
EPS beat(4)4
Avg EPS beat(4)30.48%
Min EPS beat(4)14.53%
Max EPS beat(4)40.06%
EPS beat(8)6
Avg EPS beat(8)24.15%
EPS beat(12)9
Avg EPS beat(12)18.32%
EPS beat(16)12
Avg EPS beat(16)18.97%
Revenue beat(2)2
Avg Revenue beat(2)4.84%
Min Revenue beat(2)2.21%
Max Revenue beat(2)7.47%
Revenue beat(4)4
Avg Revenue beat(4)4.7%
Min Revenue beat(4)1.85%
Max Revenue beat(4)7.47%
Revenue beat(8)6
Avg Revenue beat(8)1.66%
Revenue beat(12)8
Avg Revenue beat(12)2.24%
Revenue beat(16)10
Avg Revenue beat(16)3.19%
PT rev (1m)0%
PT rev (3m)13.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)10.26%
EPS NY rev (1m)0%
EPS NY rev (3m)4.75%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.65%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.55 | ||
| Fwd PE | 10.91 | ||
| P/S | 3.29 | ||
| P/FCF | 10.14 | ||
| P/OCF | 9.78 | ||
| P/B | 2.63 | ||
| P/tB | 9.63 | ||
| EV/EBITDA | 9.76 |
EPS(TTM)1.08
EY7.97%
EPS(NY)1.24
Fwd EY9.16%
FCF(TTM)1.34
FCFY9.86%
OCF(TTM)1.39
OCFY10.23%
SpS4.12
BVpS5.16
TBVpS1.41
PEG (NY)0.61
PEG (5Y)1.63
Graham Number11.19
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.62% | ||
| ROE | 6.92% | ||
| ROCE | 11.24% | ||
| ROIC | 5.21% | ||
| ROICexc | 9.98% | ||
| ROICexgc | 54.73% | ||
| OM | 14.65% | ||
| PM (TTM) | 8.67% | ||
| GM | 84.33% | ||
| FCFM | 32.43% |
ROA(3y)1.56%
ROA(5y)1.49%
ROE(3y)3.03%
ROE(5y)3%
ROIC(3y)3.01%
ROIC(5y)3.2%
ROICexc(3y)5.2%
ROICexc(5y)5.38%
ROICexgc(3y)32.16%
ROICexgc(5y)28.81%
ROCE(3y)4.95%
ROCE(5y)4.81%
ROICexgc growth 3Y3.88%
ROICexgc growth 5Y5.78%
ROICexc growth 3Y9.75%
ROICexc growth 5Y-8.29%
OM growth 3Y-1.17%
OM growth 5Y-2.03%
PM growth 3Y32.91%
PM growth 5Y-8.66%
GM growth 3Y-0.39%
GM growth 5Y-0.44%
F-Score6
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 2.63 | ||
| Debt/EBITDA | 3.75 | ||
| Cap/Depr | 14.93% | ||
| Cap/Sales | 1.2% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 148.11% | ||
| Profit Quality | 374.21% | ||
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.18 | ||
| Altman-Z | 2.34 |
F-Score6
WACC9.45%
ROIC/WACC0.55
Cap/Depr(3y)7.17%
Cap/Depr(5y)8.92%
Cap/Sales(3y)0.69%
Cap/Sales(5y)0.8%
Profit Quality(3y)639.82%
Profit Quality(5y)641.9%
High Growth Momentum
Growth
EPS 1Y (TTM)11.34%
EPS 3Y2.91%
EPS 5Y7.68%
EPS Q2Q%73.33%
EPS Next Y20.51%
EPS Next 2Y13.15%
EPS Next 3Y19.68%
EPS Next 5YN/A
Revenue 1Y (TTM)8.27%
Revenue growth 3Y7.68%
Revenue growth 5Y12.15%
Sales Q2Q%18.76%
Revenue Next Year9.79%
Revenue Next 2Y8.93%
Revenue Next 3Y9.07%
Revenue Next 5YN/A
EBIT growth 1Y182.17%
EBIT growth 3Y6.43%
EBIT growth 5Y9.87%
EBIT Next Year21.04%
EBIT Next 3Y15.39%
EBIT Next 5YN/A
FCF growth 1Y284.72%
FCF growth 3Y29.04%
FCF growth 5Y18.37%
OCF growth 1Y272.37%
OCF growth 3Y28.06%
OCF growth 5Y18.07%
MITEK SYSTEMS INC / MITK Fundamental Analysis FAQ
What is the ChartMill fundamental rating of MITEK SYSTEMS INC (MITK) stock?
ChartMill assigns a fundamental rating of 6 / 10 to MITK.
What is the valuation status for MITK stock?
ChartMill assigns a valuation rating of 8 / 10 to MITEK SYSTEMS INC (MITK). This can be considered as Undervalued.
Can you provide the profitability details for MITEK SYSTEMS INC?
MITEK SYSTEMS INC (MITK) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for MITK stock?
The Price/Earnings (PE) ratio for MITEK SYSTEMS INC (MITK) is 12.55 and the Price/Book (PB) ratio is 2.63.
How financially healthy is MITEK SYSTEMS INC?
The financial health rating of MITEK SYSTEMS INC (MITK) is 4 / 10.