MITEK SYSTEMS INC (MITK) Fundamental Analysis & Valuation
NASDAQ:MITK • US6067102003
Current stock price
13.66 USD
-0.01 (-0.07%)
At close:
13.9 USD
+0.24 (+1.76%)
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
- In the past year MITK was profitable.
- In the past year MITK had a positive cash flow from operations.
- In the past 5 years MITK has always been profitable.
- In the past 5 years MITK always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 3.62%, MITK is in the better half of the industry, outperforming 69.45% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 6.92%, MITK is in the better half of the industry, outperforming 69.82% of the companies in the same industry.
- MITK has a better Return On Invested Capital (5.21%) than 73.09% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for MITK is significantly below the industry average of 10.99%.
- 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
- MITK has a Profit Margin of 8.67%. This is in the better half of the industry: MITK outperforms 72.00% of its industry peers.
- MITK's Profit Margin has declined in the last couple of years.
- MITK has a Operating Margin of 14.65%. This is amongst the best in the industry. MITK outperforms 81.82% of its industry peers.
- In the last couple of years the Operating Margin of MITK has declined.
- MITK has a Gross Margin of 84.33%. This is amongst the best in the industry. MITK outperforms 90.91% of its industry peers.
- 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
- MITK has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- MITK has more shares outstanding than it did 1 year ago.
- The number of shares outstanding for MITK has been increased compared to 5 years ago.
- The debt/assets ratio for MITK has been reduced compared to a year ago.
2.2 Solvency
- MITK has an Altman-Z score of 2.36. This is not the best score and indicates that MITK is in the grey zone with still only limited risk for bankruptcy at the moment.
- MITK's Altman-Z score of 2.36 is fine compared to the rest of the industry. MITK outperforms 60.36% of its industry peers.
- MITK has a debt to FCF ratio of 2.63. This is a good value and a sign of high solvency as MITK would need 2.63 years to pay back of all of its debts.
- With a decent Debt to FCF ratio value of 2.63, MITK is doing good in the industry, outperforming 62.91% of the companies in the same industry.
- MITK has a Debt/Equity ratio of 0.68. This is a neutral value indicating MITK is somewhat dependend on debt financing.
- MITK has a Debt to Equity ratio of 0.68. This is in the lower half of the industry: MITK underperforms 68.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 2.63 | ||
| Altman-Z | 2.36 |
ROIC/WACC0.53
WACC9.89%
2.3 Liquidity
- MITK has a Current Ratio of 1.18. This is a normal value and indicates that MITK is financially healthy and should not expect problems in meeting its short term obligations.
- MITK has a worse Current ratio (1.18) than 67.64% of its industry peers.
- A Quick Ratio of 1.18 indicates that MITK should not have too much problems paying its short term obligations.
- With a Quick ratio value of 1.18, MITK is not doing good in the industry: 67.27% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.18 |
3. MITK Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an nice 11.34% over the past year.
- MITK shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.68% yearly.
- 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
- The Earnings Per Share is expected to grow by 19.68% on average over the next years. This is quite good.
- 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
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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
- MITK is valuated correctly with a Price/Earnings ratio of 12.65.
- Based on the Price/Earnings ratio, MITK is valued cheaply inside the industry as 85.09% of the companies are valued more expensively.
- MITK is valuated cheaply when we compare the Price/Earnings ratio to 26.21, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 11.00 indicates a reasonable valuation of MITK.
- MITK's Price/Forward Earnings ratio is rather cheap when compared to the industry. MITK is cheaper than 82.55% of the companies in the same industry.
- MITK is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.65 | ||
| Fwd PE | 11 |
4.2 Price Multiples
- 88.36% of the companies in the same industry are more expensive than MITK, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, MITK is valued cheaply inside the industry as 89.82% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.22 | ||
| EV/EBITDA | 9.89 |
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.
- MITK has a very decent profitability rating, which 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)0.62
PEG (5Y)1.65
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
13.66
-0.01 (-0.07%)
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 Owners82.34%
Inst Owner Change0%
Ins Owners2.34%
Ins Owner Change7.47%
Market Cap619.07M
Revenue(TTM)186.68M
Net Income(TTM)16.18M
Analysts85.45
Price Target15.3 (12.01%)
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 | 12.65 | ||
| Fwd PE | 11 | ||
| P/S | 3.32 | ||
| P/FCF | 10.22 | ||
| P/OCF | 9.86 | ||
| P/B | 2.65 | ||
| P/tB | 9.71 | ||
| EV/EBITDA | 9.89 |
EPS(TTM)1.08
EY7.91%
EPS(NY)1.24
Fwd EY9.09%
FCF(TTM)1.34
FCFY9.78%
OCF(TTM)1.39
OCFY10.14%
SpS4.12
BVpS5.16
TBVpS1.41
PEG (NY)0.62
PEG (5Y)1.65
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 | 2.36 |
F-Score6
WACC9.89%
ROIC/WACC0.53
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 12.65 and the Price/Book (PB) ratio is 2.65.
How financially healthy is MITEK SYSTEMS INC?
The financial health rating of MITEK SYSTEMS INC (MITK) is 4 / 10.