MITEK SYSTEMS INC (MITK) Fundamental Analysis & Valuation

NASDAQ:MITK • US6067102003

Current stock price

14.08 USD
0 (0%)
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This MITK fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. MITK Profitability Analysis

1.1 Basic Checks

  • MITK had positive earnings in the past year.
  • In the past year MITK had a positive cash flow from operations.
  • Each year in the past 5 years MITK has been profitable.
  • Each year in the past 5 years MITK had a positive operating cash flow.
MITK Yearly Net Income VS EBIT VS OCF VS FCFMITK Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M 40M

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 69.78% of the companies in the same industry.
  • MITK has a Return On Equity of 6.92%. This is in the better half of the industry: MITK outperforms 69.78% of its industry peers.
  • MITK has a better Return On Invested Capital (5.21%) than 73.38% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for MITK is significantly below the industry average of 10.92%.
  • The 3 year average ROIC (3.01%) for MITK is below the current ROIC(5.21%), indicating increased profibility in the last year.
Industry RankSector 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%
MITK Yearly ROA, ROE, ROICMITK Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

1.3 Margins

  • MITK's Profit Margin of 8.67% is fine compared to the rest of the industry. MITK outperforms 71.94% of its industry peers.
  • In the last couple of years the Profit Margin of MITK has declined.
  • Looking at the Operating Margin, with a value of 14.65%, MITK belongs to the top of the industry, outperforming 82.01% of the companies in the same industry.
  • 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 91.01% of its industry peers.
  • In the last couple of years the Gross Margin of MITK has remained more or less at the same level.
Industry RankSector 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%
MITK Yearly Profit, Operating, Gross MarginsMITK Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60 80

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4

2. MITK Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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.
MITK Yearly Shares OutstandingMITK Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
MITK Yearly Total Debt VS Total AssetsMITK Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

2.2 Solvency

  • An Altman-Z score of 2.41 indicates that MITK is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With a decent Altman-Z score value of 2.41, MITK is doing good in the industry, outperforming 61.51% of the companies in the same industry.
  • 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 Debt to FCF ratio of 2.63. This is in the better half of the industry: MITK outperforms 63.31% of its industry peers.
  • MITK has a Debt/Equity ratio of 0.68. This is a neutral value indicating MITK is somewhat dependend on debt financing.
  • The Debt to Equity ratio of MITK (0.68) is worse than 68.70% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.68
Debt/FCF 2.63
Altman-Z 2.41
ROIC/WACC0.52
WACC9.94%
MITK Yearly LT Debt VS Equity VS FCFMITK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M

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.
  • With a Current 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.
  • A Quick Ratio of 1.18 indicates that MITK should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.18, MITK is doing worse than 66.91% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.18
Quick Ratio 1.18
MITK Yearly Current Assets VS Current LiabilitesMITK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. MITK Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 11.34% over the past year.
  • The Earnings Per Share has been growing slightly by 7.68% on average over the past years.
  • Looking at the last year, MITK shows a quite strong growth in Revenue. The Revenue has grown by 8.27% 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)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

  • MITK is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.68% yearly.
  • MITK is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.07% yearly.
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
MITK Yearly Revenue VS EstimatesMITK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 50M 100M 150M 200M
MITK Yearly EPS VS EstimatesMITK Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5

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8

4. MITK Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 13.04, the valuation of MITK can be described as correct.
  • Based on the Price/Earnings ratio, MITK is valued cheaply inside the industry as 82.73% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of MITK to the average of the S&P500 Index (25.50), we can say MITK is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 11.34 indicates a reasonable valuation of MITK.
  • MITK's Price/Forward Earnings ratio is rather cheap when compared to the industry. MITK is cheaper than 82.37% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.67. MITK is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 13.04
Fwd PE 11.34
MITK Price Earnings VS Forward Price EarningsMITK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MITK indicates a rather cheap valuation: MITK is cheaper than 86.69% of the companies listed in the same industry.
  • MITK's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MITK is cheaper than 88.13% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.54
EV/EBITDA 10.33
MITK Per share dataMITK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

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.
  • MITK has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as MITK's earnings are expected to grow with 19.68% in the coming years.
PEG (NY)0.64
PEG (5Y)1.7
EPS Next 2Y13.15%
EPS Next 3Y19.68%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. MITK Dividend Analysis

5.1 Amount

  • No dividends for MITK!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

MITK Fundamentals: All Metrics, Ratios and Statistics

MITEK SYSTEMS INC

NASDAQ:MITK (3/25/2026, 2:18:24 PM)

14.08

0 (0%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-05
Earnings (Next)05-06
Inst Owners82.34%
Inst Owner Change8.15%
Ins Owners2.34%
Ins Owner Change9.75%
Market Cap638.11M
Revenue(TTM)186.68M
Net Income(TTM)16.18M
Analysts85.45
Price Target15.3 (8.66%)
Short Float %5.2%
Short Ratio2.89
Dividend
Industry RankSector 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)9.09%
PT rev (3m)13.21%
EPS NQ rev (1m)8.86%
EPS NQ rev (3m)0.58%
EPS NY rev (1m)12.57%
EPS NY rev (3m)4.75%
Revenue NQ rev (1m)0.77%
Revenue NQ rev (3m)2.65%
Revenue NY rev (1m)1.05%
Revenue NY rev (3m)1.18%
Valuation
Industry RankSector Rank
PE 13.04
Fwd PE 11.34
P/S 3.42
P/FCF 10.54
P/OCF 10.16
P/B 2.73
P/tB 10
EV/EBITDA 10.33
EPS(TTM)1.08
EY7.67%
EPS(NY)1.24
Fwd EY8.82%
FCF(TTM)1.34
FCFY9.49%
OCF(TTM)1.39
OCFY9.84%
SpS4.12
BVpS5.16
TBVpS1.41
PEG (NY)0.64
PEG (5Y)1.7
Graham Number11.19
Profitability
Industry RankSector 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 RankSector 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 2.41
F-Score6
WACC9.94%
ROIC/WACC0.52
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.


How profitable is MITEK SYSTEMS INC (MITK) stock?

MITEK SYSTEMS INC (MITK) has a profitability rating of 7 / 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 20.51% in the next year.