10.68 USD
+0.1 (+0.95%)
9.8114 USD
-0.87 (-8.13%)
MITK gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 276 industry peers in the Software industry. MITK has an average financial health and profitability rating. MITK may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
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 1.92%, MITK is in the better half of the industry, outperforming 61.96% of the companies in the same industry.
MITK has a better Return On Equity (3.66%) than 64.13% of its industry peers.
MITK has a better Return On Invested Capital (3.68%) than 70.29% 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 10.78%.
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
Looking at the Profit Margin, with a value of 4.90%, MITK is in the better half of the industry, outperforming 63.41% of the companies in the same industry.
MITK's Profit Margin has declined in the last couple of years.
MITK has a better Operating Margin (10.87%) than 76.45% of its industry peers.
MITK's Operating Margin has declined in the last couple of years.
MITK's Gross Margin of 85.09% is amongst the best of 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
MITK has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
MITK has a better debt/assets ratio than last year.
2.2 Solvency
MITK has an Altman-Z score of 1.89. 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 has a Altman-Z score (1.89) which is comparable to the rest of the industry.
MITK has a debt to FCF ratio of 2.89. This is a good value and a sign of high solvency as MITK would need 2.89 years to pay back of all of its debts.
MITK has a better Debt to FCF ratio (2.89) than 64.86% of its industry peers.
MITK has a Debt/Equity ratio of 0.65. This is a neutral value indicating MITK is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.65, MITK is not doing good in the industry: 69.57% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 2.89 | ||
| Altman-Z | 1.89 |
ROIC/WACC0.38
WACC9.72%
2.3 Liquidity
A Current Ratio of 1.19 indicates that MITK should not have too much problems paying its short term obligations.
MITK's Current ratio of 1.19 is on the low side compared to the rest of the industry. MITK is outperformed by 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.
MITK's Quick ratio of 1.19 is on the low side compared to the rest of the industry. MITK is outperformed by 64.86% of its industry peers.
| 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.
MITK shows a small growth in Revenue. In the last year, the Revenue has grown by 4.42%.
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
Based on estimates for the next years, MITK will show a small growth in Earnings Per Share. The EPS will grow by 7.55% on average per year.
MITK is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.11% yearly.
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 11.01 indicates a reasonable valuation of MITK.
Compared to the rest of the industry, the Price/Earnings ratio of MITK indicates a rather cheap valuation: MITK is cheaper than 88.04% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.19. MITK is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 9.57, the valuation of MITK can be described as very reasonable.
88.41% of the companies in the same industry are more expensive than MITK, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.92, MITK is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.01 | ||
| Fwd PE | 9.57 |
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 92.75% of the companies listed 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 | 9 | ||
| EV/EBITDA | 7.43 |
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.
PEG (NY)0.73
PEG (5Y)1.43
EPS Next 2Y7.55%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MITK does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
10.68
+0.1 (+0.95%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners77.55%
Inst Owner Change0.06%
Ins Owners2.92%
Ins Owner Change8.33%
Market Cap487.54M
Revenue(TTM)179.69M
Net Income(TTM)8.80M
Analysts81.82
Price Target13.52 (26.59%)
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 | 11.01 | ||
| Fwd PE | 9.57 | ||
| P/S | 2.71 | ||
| P/FCF | 9 | ||
| P/OCF | 8.81 | ||
| P/B | 2.03 | ||
| P/tB | 7.28 | ||
| EV/EBITDA | 7.43 |
EPS(TTM)0.97
EY9.08%
EPS(NY)1.12
Fwd EY10.45%
FCF(TTM)1.19
FCFY11.11%
OCF(TTM)1.21
OCFY11.35%
SpS3.94
BVpS5.26
TBVpS1.47
PEG (NY)0.73
PEG (5Y)1.43
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 | 1.89 |
F-Score6
WACC9.72%
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.