10.475 USD
-0.12 (-1.09%)
Overall MITK gets a fundamental rating of 5 out of 10. We evaluated MITK against 280 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!
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.
MITK had positive earnings in each of the past 5 years.
In the past 5 years MITK always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of MITK (1.92%) is better than 62.86% of its industry peers.
With a decent Return On Equity value of 3.66%, MITK is doing good in the industry, outperforming 65.00% of the companies in the same industry.
MITK has a better Return On Invested Capital (3.68%) than 70.71% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MITK is significantly below the industry average of 10.73%.
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
MITK has a better Profit Margin (4.90%) than 65.00% of its industry peers.
In the last couple of years the Profit Margin of MITK has declined.
The Operating Margin of MITK (10.87%) is better than 76.07% of its industry peers.
In the last couple of years the Operating Margin of MITK has declined.
MITK's Gross Margin of 85.09% is amongst the best of the industry. MITK outperforms 92.86% 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.
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
An Altman-Z score of 1.88 indicates that MITK is not a great score, but indicates only limited risk for bankruptcy at the moment.
MITK's Altman-Z score of 1.88 is in line compared to the rest of the industry. MITK outperforms 47.50% 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.
MITK has a Debt to FCF ratio of 2.89. This is in the better half of the industry: MITK outperforms 65.00% 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.
The Debt to Equity ratio of MITK (0.65) is worse than 69.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 2.89 | ||
| Altman-Z | 1.88 |
ROIC/WACC0.38
WACC9.64%
2.3 Liquidity
MITK has a Current 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's Current ratio of 1.19 is on the low side compared to the rest of the industry. MITK is outperformed by 65.36% of its industry peers.
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.
Looking at the Quick ratio, with a value of 1.19, MITK is doing worse than 64.29% of the companies in the same industry.
| 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.
Looking at the last year, MITK shows a small growth in Revenue. The Revenue has grown by 4.42% in the last year.
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)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 quite strong growth in Earnings Per Share. The EPS will grow by 8.04% on average per year.
MITK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.14% yearly.
EPS Next Y14.41%
EPS Next 2Y8.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.07%
Revenue Next 2Y7.14%
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
MITK is valuated reasonably with a Price/Earnings ratio of 10.80.
87.50% of the companies in the same industry are more expensive than MITK, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of MITK to the average of the S&P500 Index (26.26), we can say MITK is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.44, the valuation of MITK can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MITK indicates a rather cheap valuation: MITK is cheaper than 88.21% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of MITK to the average of the S&P500 Index (23.68), we can say MITK is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.8 | ||
| Fwd PE | 9.44 |
4.2 Price Multiples
MITK's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MITK is cheaper than 93.21% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MITK is valued cheaper than 94.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.82 | ||
| EV/EBITDA | 7.31 |
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.
The decent profitability rating of MITK may justify a higher PE ratio.
PEG (NY)0.75
PEG (5Y)1.41
EPS Next 2Y8.04%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MITK does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
NASDAQ:MITK (12/19/2025, 2:52:51 PM)
10.475
-0.12 (-1.09%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners77.63%
Inst Owner Change0.51%
Ins Owners2.92%
Ins Owner Change8.36%
Market Cap478.18M
Revenue(TTM)179.69M
Net Income(TTM)8.80M
Analysts81.82
Price Target13.26 (26.59%)
Short Float %5.4%
Short Ratio4.87
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)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.93%
EPS NY rev (1m)1.52%
EPS NY rev (3m)0.96%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.31%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.8 | ||
| Fwd PE | 9.44 | ||
| P/S | 2.66 | ||
| P/FCF | 8.82 | ||
| P/OCF | 8.64 | ||
| P/B | 1.99 | ||
| P/tB | 7.14 | ||
| EV/EBITDA | 7.31 |
EPS(TTM)0.97
EY9.26%
EPS(NY)1.11
Fwd EY10.59%
FCF(TTM)1.19
FCFY11.33%
OCF(TTM)1.21
OCFY11.57%
SpS3.94
BVpS5.26
TBVpS1.47
PEG (NY)0.75
PEG (5Y)1.41
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 | 1.88 |
F-Score6
WACC9.64%
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 Y14.41%
EPS Next 2Y8.04%
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 Year8.07%
Revenue Next 2Y7.14%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y256.78%
EBIT growth 3Y6.43%
EBIT growth 5Y9.87%
EBIT Next Year12.51%
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.
Can you provide the valuation status for MITEK SYSTEMS INC?
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.
Can you provide the financial health for MITK stock?
The financial health rating of MITEK SYSTEMS INC (MITK) is 4 / 10.
Can you provide the expected EPS growth for MITK stock?
The Earnings per Share (EPS) of MITEK SYSTEMS INC (MITK) is expected to grow by 14.41% in the next year.