MITEK SYSTEMS INC (MITK) Stock Fundamental Analysis

NASDAQ:MITK • US6067102003

14.85 USD
+0.1 (+0.68%)
At close: Mar 3, 2026
14.84 USD
-0.01 (-0.07%)
After Hours: 3/3/2026, 9:27:26 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to MITK. MITK was compared to 276 industry peers in the Software industry. MITK scores excellent on profitability, but there are some minor concerns on its financial health. MITK has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • MITK had positive earnings in the past year.
  • In the past year MITK had a positive cash flow from operations.
  • In the past 5 years MITK has always been profitable.
  • MITK had a positive operating cash flow in each of the past 5 years.
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

  • With a decent Return On Assets value of 3.62%, MITK is doing good in the industry, outperforming 68.12% of the companies in the same industry.
  • With a decent Return On Equity value of 6.92%, MITK is doing good in the industry, outperforming 68.84% of the companies in the same industry.
  • The Return On Invested Capital of MITK (5.21%) is better than 73.55% 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 10.79%.
  • 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 has a Profit Margin of 8.67%. This is in the better half of the industry: MITK outperforms 70.65% of its industry peers.
  • MITK's Profit Margin has declined in the last couple of years.
  • With an excellent Operating Margin value of 14.65%, MITK belongs to the best of the industry, outperforming 81.88% of the companies in the same industry.
  • 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 90.22% of the companies in the same industry.
  • MITK's Gross Margin has been stable in the last couple of years.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

4

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.
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

  • MITK has an Altman-Z score of 2.50. 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.
  • The Altman-Z score of MITK (2.50) is better than 61.96% 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 63.77% of the companies in the same industry.
  • A Debt/Equity ratio of 0.68 indicates that 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 69.20% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.68
Debt/FCF 2.63
Altman-Z 2.5
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

  • A Current Ratio of 1.18 indicates that MITK should not have too much problems paying its short term obligations.
  • MITK has a worse Current ratio (1.18) than 68.12% 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 has a worse Quick ratio (1.18) than 67.39% of its industry peers.
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

5

3. Growth

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.
  • 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 7.76% on average over the next years.
  • The Revenue is expected to grow by 9.07% on average over the next years. This is quite good.
EPS Next Y7.05%
EPS Next 2Y7.55%
EPS Next 3Y7.76%
EPS Next 5YN/A
Revenue Next Year9.79%
Revenue Next 2Y8.46%
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 stable.
  • 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 0.2 0.4 0.6 0.8 1

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6

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 13.75 indicates a correct valuation of MITK.
  • Based on the Price/Earnings ratio, MITK is valued cheaper than 82.25% of the companies in the same industry.
  • MITK is valuated rather cheaply when we compare the Price/Earnings ratio to 26.83, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 13.24 indicates a correct valuation of MITK.
  • Based on the Price/Forward Earnings ratio, MITK is valued a bit cheaper than 78.26% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of MITK to the average of the S&P500 Index (24.95), we can say MITK is valued slightly cheaper.
Industry RankSector Rank
PE 13.75
Fwd PE 13.24
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

  • Based on the Enterprise Value to EBITDA ratio, MITK is valued cheaply inside the industry as 86.59% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, MITK is valued cheaply inside the industry as 88.04% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 11.12
EV/EBITDA 11.04
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 high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MITK does not grow enough to justify the current Price/Earnings ratio.
  • MITK has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.95
PEG (5Y)1.79
EPS Next 2Y7.55%
EPS Next 3Y7.76%

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

0

5. Dividend

5.1 Amount

  • MITK does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

MITEK SYSTEMS INC

NASDAQ:MITK (3/3/2026, 9:27:26 PM)

After market: 14.84 -0.01 (-0.07%)

14.85

+0.1 (+0.68%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-05
Earnings (Next)05-06
Inst Owners77.55%
Inst Owner Change8.15%
Ins Owners2.92%
Ins Owner Change8.44%
Market Cap673.00M
Revenue(TTM)186.68M
Net Income(TTM)16.18M
Analysts81.82
Price Target15.3 (3.03%)
Short Float %4.32%
Short Ratio2.53
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)13.21%
PT rev (3m)15.38%
EPS NQ rev (1m)10.26%
EPS NQ rev (3m)-3.37%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.15%
Revenue NQ rev (1m)4.07%
Revenue NQ rev (3m)-1.44%
Revenue NY rev (1m)1.05%
Revenue NY rev (3m)2.19%
Valuation
Industry RankSector Rank
PE 13.75
Fwd PE 13.24
P/S 3.61
P/FCF 11.12
P/OCF 10.72
P/B 2.88
P/tB 10.55
EV/EBITDA 11.04
EPS(TTM)1.08
EY7.27%
EPS(NY)1.12
Fwd EY7.56%
FCF(TTM)1.34
FCFY9%
OCF(TTM)1.39
OCFY9.33%
SpS4.12
BVpS5.16
TBVpS1.41
PEG (NY)1.95
PEG (5Y)1.79
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 2.5
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 Y7.05%
EPS Next 2Y7.55%
EPS Next 3Y7.76%
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 2Y8.46%
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 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 6 / 10 to MITEK SYSTEMS INC (MITK). This can be considered as Fairly Valued.


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 7.05% in the next year.