9.97 USD
-0.58 (-5.5%)
9.87 USD
-0.1 (-1%)
Overall MITK gets a fundamental rating of 5 out of 10. We evaluated MITK against 276 industry peers in the Software industry. There are concerns on the financial health of MITK while its profitability can be described as average. MITK scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
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
The Return On Assets of MITK (1.92%) is better than 61.96% of its industry peers.
MITK has a Return On Equity of 3.66%. This is in the better half of the industry: MITK outperforms 64.13% of its industry peers.
MITK has a better Return On Invested Capital (3.68%) than 70.29% 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 10.78%.
The 3 year average ROIC (3.01%) for MITK is below the current ROIC(3.68%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.92% | ||
| ROE | 3.66% | ||
| ROIC | 3.68% |
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
MITK has a better Profit Margin (4.90%) than 63.41% of its industry peers.
MITK's Profit Margin has declined in the last couple of years.
The Operating Margin of MITK (10.87%) is better than 76.45% of its industry peers.
In the last couple of years the Operating Margin of MITK has declined.
MITK has a Gross Margin of 85.09%. This is amongst the best in the industry. MITK outperforms 92.75% of its industry peers.
MITK's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.87% | ||
| PM (TTM) | 4.9% | ||
| GM | 85.09% |
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. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MITK is destroying value.
The number of shares outstanding for MITK has been increased compared to 1 year ago.
MITK has more shares outstanding than it did 5 years ago.
The debt/assets ratio for MITK has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.80, we must say that MITK is in the distress zone and has some risk of bankruptcy.
MITK has a Altman-Z score (1.80) which is in line with its industry peers.
The Debt to FCF ratio of MITK is 2.89, which is a good value as it means it would take MITK, 2.89 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 2.89, MITK is doing good in the industry, outperforming 64.86% of the companies in the same industry.
A Debt/Equity ratio of 0.65 indicates that MITK is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.65, MITK is doing worse than 69.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 2.89 | ||
| Altman-Z | 1.8 |
ROIC/WACC0.38
WACC9.64%
2.3 Liquidity
A Current Ratio of 1.19 indicates that MITK should not have too much problems paying its short term obligations.
MITK has a worse Current ratio (1.19) than 65.94% of its industry peers.
A Quick Ratio of 1.19 indicates that MITK should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.19, MITK is not doing good in the industry: 64.86% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.19 | ||
| Quick Ratio | 1.19 |
3. Growth
3.1 Past
MITK shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.04%.
MITK shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.68% yearly.
Looking at the last year, MITK shows a small growth in Revenue. The Revenue has grown by 4.42% in the last year.
The Revenue has been growing by 12.15% on average over the past years. This is quite good.
EPS 1Y (TTM)1.04%
EPS 3Y2.91%
EPS 5Y7.68%
EPS Q2Q%-27.27%
Revenue 1Y (TTM)4.42%
Revenue growth 3Y7.68%
Revenue growth 5Y12.15%
Sales Q2Q%3.6%
3.2 Future
The Earnings Per Share is expected to grow by 7.55% on average over the next years.
The Revenue is expected to grow by 8.11% on average over the next years. This is quite good.
EPS Next Y15.04%
EPS Next 2Y7.55%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.52%
Revenue Next 2Y8.11%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 10.28 indicates a reasonable valuation of MITK.
Based on the Price/Earnings ratio, MITK is valued cheaply inside the industry as 88.04% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.60, MITK is valued rather cheaply.
The Price/Forward Earnings ratio is 8.93, which indicates a very decent valuation of MITK.
89.49% of the companies in the same industry are more expensive than MITK, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of MITK to the average of the S&P500 Index (23.23), we can say MITK is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.28 | ||
| Fwd PE | 8.93 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MITK is valued cheaper than 93.48% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MITK is valued cheaper than 94.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.4 | ||
| EV/EBITDA | 6.5 |
4.3 Compensation for Growth
MITK's 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.
PEG (NY)0.68
PEG (5Y)1.34
EPS Next 2Y7.55%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for MITK!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
9.97
-0.58 (-5.5%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners77.55%
Inst Owner Change0%
Ins Owners2.92%
Ins Owner Change8.36%
Market Cap455.13M
Revenue(TTM)179.69M
Net Income(TTM)8.80M
Analysts81.82
Price Target13.52 (35.61%)
Short Float %4.96%
Short Ratio3.68
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)22.62%
Min EPS beat(2)14.53%
Max EPS beat(2)30.72%
EPS beat(4)4
Avg EPS beat(4)20.82%
Min EPS beat(4)1.42%
Max EPS beat(4)36.62%
EPS beat(8)5
Avg EPS beat(8)16.27%
EPS beat(12)9
Avg EPS beat(12)19.47%
EPS beat(16)12
Avg EPS beat(16)18.64%
Revenue beat(2)2
Avg Revenue beat(2)4.66%
Min Revenue beat(2)1.85%
Max Revenue beat(2)7.47%
Revenue beat(4)4
Avg Revenue beat(4)4.36%
Min Revenue beat(4)0.88%
Max Revenue beat(4)7.47%
Revenue beat(8)5
Avg Revenue beat(8)0.48%
Revenue beat(12)8
Avg Revenue beat(12)3.71%
Revenue beat(16)10
Avg Revenue beat(16)3.74%
PT rev (1m)1.92%
PT rev (3m)1.92%
EPS NQ rev (1m)4.6%
EPS NQ rev (3m)4.6%
EPS NY rev (1m)0.55%
EPS NY rev (3m)1.93%
Revenue NQ rev (1m)2.89%
Revenue NQ rev (3m)2.89%
Revenue NY rev (1m)0.42%
Revenue NY rev (3m)1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.28 | ||
| Fwd PE | 8.93 | ||
| P/S | 2.53 | ||
| P/FCF | 8.4 | ||
| P/OCF | 8.22 | ||
| P/B | 1.89 | ||
| P/tB | 6.79 | ||
| EV/EBITDA | 6.5 |
EPS(TTM)0.97
EY9.73%
EPS(NY)1.12
Fwd EY11.19%
FCF(TTM)1.19
FCFY11.91%
OCF(TTM)1.21
OCFY12.16%
SpS3.94
BVpS5.26
TBVpS1.47
PEG (NY)0.68
PEG (5Y)1.34
Graham Number10.72
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.92% | ||
| ROE | 3.66% | ||
| ROCE | 7.81% | ||
| ROIC | 3.68% | ||
| ROICexc | 7.07% | ||
| ROICexgc | 41.08% | ||
| OM | 10.87% | ||
| PM (TTM) | 4.9% | ||
| GM | 85.09% | ||
| FCFM | 30.15% |
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 Turnover0.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 2.89 | ||
| Debt/EBITDA | 4.46 | ||
| Cap/Depr | 7.47% | ||
| Cap/Sales | 0.64% | ||
| Interest Coverage | 16.78 | ||
| Cash Conversion | 158.17% | ||
| Profit Quality | 616.02% | ||
| Current Ratio | 1.19 | ||
| Quick Ratio | 1.19 | ||
| Altman-Z | 1.8 |
F-Score6
WACC9.64%
ROIC/WACC0.38
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)1.04%
EPS 3Y2.91%
EPS 5Y7.68%
EPS Q2Q%-27.27%
EPS Next Y15.04%
EPS Next 2Y7.55%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.42%
Revenue growth 3Y7.68%
Revenue growth 5Y12.15%
Sales Q2Q%3.6%
Revenue Next Year8.52%
Revenue Next 2Y8.11%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y256.78%
EBIT growth 3Y6.43%
EBIT growth 5Y9.87%
EBIT Next Year11.8%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y79.12%
FCF growth 3Y29.04%
FCF growth 5Y18.37%
OCF growth 1Y74.64%
OCF growth 3Y28.06%
OCF growth 5Y18.07%
MITEK SYSTEMS INC / MITK FAQ
What is the ChartMill fundamental rating of MITEK SYSTEMS INC (MITK) stock?
ChartMill assigns a fundamental rating of 5 / 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.
How profitable is MITEK SYSTEMS INC (MITK) stock?
MITEK SYSTEMS INC (MITK) has a profitability rating of 6 / 10.
What is the earnings growth outlook for MITEK SYSTEMS INC?
The Earnings per Share (EPS) of MITEK SYSTEMS INC (MITK) is expected to grow by 15.04% in the next year.