Overall MITK gets a fundamental rating of 5 out of 10. We evaluated MITK against 277 industry peers in the Software industry. MITK has only an average score on both its financial health and profitability. MITK is valued quite cheap, while showing a decent growth score. This is a good combination!

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1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

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.
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

With a decent Return On Assets value of 1.92%, MITK is doing good in the industry, outperforming 62.09% of the companies in the same industry.
MITK has a Return On Equity of 3.66%. This is in the better half of the industry: MITK outperforms 64.26% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.68%, MITK is in the better half of the industry, outperforming 70.40% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years 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

The Profit Margin of MITK (4.90%) is better than 63.54% of its industry peers.
In the last couple of years the Profit Margin of MITK has declined.
MITK has a Operating Margin of 10.87%. This is in the better half of the industry: MITK outperforms 76.53% of its industry peers.
MITK's Operating Margin has declined in the last couple of years.
MITK has a Gross Margin of 85.09%. This is amongst the best in the industry. MITK outperforms 92.42% 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%

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ROA

ROE

ROIC

Operating and Profit Margin

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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.
Compared to 5 years ago, MITK has more shares outstanding
The debt/assets ratio for MITK has been reduced compared to a year ago.

2.2 Solvency

MITK has an Altman-Z score of 1.85. 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 1.85 is in line compared to the rest of the industry. MITK outperforms 48.38% of its industry peers.
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.
The Debt to FCF ratio of MITK (2.89) is better than 64.98% of its industry peers.
A Debt/Equity ratio of 0.65 indicates that MITK is somewhat dependend on debt financing.
MITK has a Debt to Equity ratio of 0.65. This is in the lower half of the industry: MITK underperforms 69.68% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.65
Debt/FCF	2.89
Altman-Z	1.85

ROIC/WACC0.37

WACC9.84%

2.3 Liquidity

A Current Ratio of 1.19 indicates that MITK should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.19, MITK is doing worse than 66.06% of the companies in the same industry.
MITK has a Quick Ratio of 1.19. 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 Quick ratio of 1.19. This is in the lower half of the industry: MITK underperforms 64.98% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.19
Quick Ratio	1.19

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WACC

Debt/Equity

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Altman-Z score

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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%.
Measured over the past 5 years, MITK shows a small growth in Earnings Per Share. The EPS has been growing by 7.68% on average per year.
The Revenue has been growing slightly by 4.42% in the past year.
MITK shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.15% yearly.

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.
Based on estimates for the next years, MITK will show a quite strong growth in Revenue. The Revenue will grow by 8.20% on average per year.

EPS Next Y7.05%

EPS Next 2Y7.55%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year8.66%

Revenue Next 2Y8.2%

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.

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4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 10.97 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 87.36% of the companies listed in the same industry.
MITK is valuated cheaply when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 10.25, the valuation of MITK can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MITK indicates a rather cheap valuation: MITK is cheaper than 87.73% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 24.26. MITK is valued rather cheaply when compared to this.

		Industry Rank	Sector Rank
PE	10.97
Fwd PE	10.25

4.2 Price Multiples

92.78% of the companies in the same industry are more expensive than MITK, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MITK indicates a rather cheap valuation: MITK is cheaper than 94.22% of the companies listed in the same industry.

		Industry Rank	Sector Rank
P/FCF	8.96
EV/EBITDA	6.97

4.3 Compensation for Growth

MITK's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of MITK may justify a higher PE ratio.