MITEK SYSTEMS INC (MITK) Fundamental Analysis & Valuation

NASDAQ:MITK • US6067102003

Current stock price

13.67 USD
-0.23 (-1.65%)
At close:
13.7 USD
+0.03 (+0.22%)
After Hours:

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

  • In the past year MITK was profitable.
  • MITK had a positive operating cash flow in the past year.
  • Each year in the past 5 years MITK has 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

  • MITK has a better Return On Assets (3.62%) than 69.45% of its industry peers.
  • Looking at the Return On Equity, with a value of 6.92%, MITK is in the better half of the industry, outperforming 69.82% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 5.21%, MITK is doing good in the industry, outperforming 73.09% of the companies in the same industry.
  • MITK had an Average Return On Invested Capital over the past 3 years of 3.01%. This is significantly below the industry average of 10.99%.
  • 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 72.00% of its industry peers.
  • In the last couple of years the Profit Margin of MITK has declined.
  • MITK's Operating Margin of 14.65% is amongst the best of the industry. MITK outperforms 81.82% of its industry peers.
  • MITK's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 84.33%, MITK belongs to the top of the industry, outperforming 90.91% 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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4

2. MITK Health Analysis

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.
  • MITK has more shares outstanding than it did 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 2.36 indicates that MITK is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • MITK has a better Altman-Z score (2.36) than 60.36% of its industry peers.
  • 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 better Debt to FCF ratio (2.63) than 62.91% 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.
  • MITK has a worse Debt to Equity ratio (0.68) than 68.36% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.68
Debt/FCF 2.63
Altman-Z 2.36
ROIC/WACC0.53
WACC9.9%
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.
  • The Current ratio of MITK (1.18) is worse than 67.64% 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 67.27% 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

6

3. MITK Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 11.34% over the past year.
  • 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 quite strong growth in Revenue. The Revenue has grown by 8.27% in the last 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)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

  • Based on estimates for the next years, MITK will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.68% on average per year.
  • Based on estimates for the next years, MITK will show a quite strong growth in Revenue. The Revenue will grow by 9.07% on average per year.
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

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

  • With a Price/Earnings ratio of 12.66, MITK is valued correctly.
  • Compared to the rest of the industry, the Price/Earnings ratio of MITK indicates a rather cheap valuation: MITK is cheaper than 85.09% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.21, MITK is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 11.01, the valuation of MITK can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, MITK is valued cheaper than 82.55% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of MITK to the average of the S&P500 Index (23.13), we can say MITK is valued rather cheaply.
Industry RankSector Rank
PE 12.66
Fwd PE 11.01
MITK Price Earnings VS Forward Price EarningsMITK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

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 88.36% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MITK indicates a rather cheap valuation: MITK is cheaper than 89.82% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 10.23
EV/EBITDA 9.89
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)0.62
PEG (5Y)1.65
EPS Next 2Y13.15%
EPS Next 3Y19.68%

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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%

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MITK Fundamentals: All Metrics, Ratios and Statistics

MITEK SYSTEMS INC

NASDAQ:MITK (4/6/2026, 8:00:02 PM)

After market: 13.7 +0.03 (+0.22%)

13.67

-0.23 (-1.65%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-05
Earnings (Next)04-23
Inst Owners82.34%
Inst Owner Change0%
Ins Owners2.34%
Ins Owner Change7.47%
Market Cap619.52M
Revenue(TTM)186.68M
Net Income(TTM)16.18M
Analysts85.45
Price Target15.3 (11.92%)
Short Float %5%
Short Ratio2.5
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)0%
PT rev (3m)13.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)10.26%
EPS NY rev (1m)0%
EPS NY rev (3m)4.75%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.65%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.18%
Valuation
Industry RankSector Rank
PE 12.66
Fwd PE 11.01
P/S 3.32
P/FCF 10.23
P/OCF 9.87
P/B 2.65
P/tB 9.71
EV/EBITDA 9.89
EPS(TTM)1.08
EY7.9%
EPS(NY)1.24
Fwd EY9.08%
FCF(TTM)1.34
FCFY9.77%
OCF(TTM)1.39
OCFY10.14%
SpS4.12
BVpS5.16
TBVpS1.41
PEG (NY)0.62
PEG (5Y)1.65
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 2.36
F-Score6
WACC9.9%
ROIC/WACC0.53
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.


Can you provide the profitability details for MITEK SYSTEMS INC?

MITEK SYSTEMS INC (MITK) has a profitability rating of 7 / 10.


Can you provide the PE and PB ratios for MITK stock?

The Price/Earnings (PE) ratio for MITEK SYSTEMS INC (MITK) is 12.66 and the Price/Book (PB) ratio is 2.65.


How financially healthy is MITEK SYSTEMS INC?

The financial health rating of MITEK SYSTEMS INC (MITK) is 4 / 10.