MITEK SYSTEMS INC (MITK) Fundamental Analysis & Valuation

NASDAQ:MITK • US6067102003

Current stock price

14.04 USD
-1.03 (-6.83%)
At close:
14.5 USD
+0.46 (+3.28%)
Pre-Market:

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

  • 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.
  • In the past 5 years MITK always reported a positive cash flow from operatings.
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

  • The Return On Assets of MITK (3.62%) is better than 69.00% of its industry peers.
  • The Return On Equity of MITK (6.92%) is better than 69.37% of its industry peers.
  • MITK has a better Return On Invested Capital (5.21%) than 72.32% 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 10.91%.
  • 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

  • With a decent Profit Margin value of 8.67%, MITK is doing good in the industry, outperforming 71.59% of the companies in the same industry.
  • In the last couple of years the Profit Margin of MITK has declined.
  • MITK has a better Operating Margin (14.65%) than 81.55% of its industry peers.
  • MITK's Operating Margin has declined in the last couple of years.
  • MITK has a Gross Margin of 84.33%. This is amongst the best in the industry. MITK outperforms 90.41% of its industry peers.
  • In the last couple of years the Gross Margin of MITK has remained more or less at the same level.
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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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.
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 2.41. 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 (2.41) which is comparable to the rest of the industry.
  • 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 Debt to FCF ratio of 2.63. This is in the better half of the industry: MITK outperforms 63.47% of its industry peers.
  • A Debt/Equity ratio of 0.68 indicates that MITK is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.68, MITK is doing worse than 68.63% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.68
Debt/FCF 2.63
Altman-Z 2.41
ROIC/WACC0.55
WACC9.52%
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 67.53% of its industry peers.
  • MITK has a Quick Ratio of 1.18. 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 1.18, MITK is doing worse than 67.16% of the companies in the same industry.
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

  • 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.
  • 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.
  • MITK shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.27%.
  • 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

  • The Earnings Per Share is expected to grow by 19.68% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 9.07% on average over the next years. This is quite good.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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

  • MITK is valuated correctly with a Price/Earnings ratio of 13.00.
  • 84.13% of the companies in the same industry are more expensive than MITK, based on the Price/Earnings ratio.
  • MITK is valuated cheaply when we compare the Price/Earnings ratio to 27.53, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 11.31, the valuation of MITK can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, MITK is valued cheaper than 83.03% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 37.95. MITK is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 13
Fwd PE 11.31
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

  • 86.72% of the companies in the same industry are more expensive than MITK, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, MITK is valued cheaply inside the industry as 88.56% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 10.51
EV/EBITDA 10.29
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.
  • The decent profitability rating of MITK 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)0.63
PEG (5Y)1.69
EPS Next 2Y13.15%
EPS Next 3Y19.68%

More info and screens

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%

More info and screens

Find the best dividend stocksShow peers with best dividend

MITK Fundamentals: All Metrics, Ratios and Statistics

MITEK SYSTEMS INC

NASDAQ:MITK (4/16/2026, 8:00:01 PM)

Premarket: 14.5 +0.46 (+3.28%)

14.04

-1.03 (-6.83%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-05
Earnings (Next)04-23
Inst Owners81.93%
Inst Owner Change0.03%
Ins Owners2.52%
Ins Owner Change7.47%
Market Cap636.29M
Revenue(TTM)186.68M
Net Income(TTM)16.18M
Analysts85.45
Price Target15.3 (8.97%)
Short Float %5.11%
Short Ratio2.44
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 13
Fwd PE 11.31
P/S 3.41
P/FCF 10.51
P/OCF 10.13
P/B 2.72
P/tB 9.98
EV/EBITDA 10.29
EPS(TTM)1.08
EY7.69%
EPS(NY)1.24
Fwd EY8.85%
FCF(TTM)1.34
FCFY9.52%
OCF(TTM)1.39
OCFY9.87%
SpS4.12
BVpS5.16
TBVpS1.41
PEG (NY)0.63
PEG (5Y)1.69
Graham Number11.193 (-20.28%)
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 2.41
F-Score6
WACC9.52%
ROIC/WACC0.55
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 13 and the Price/Book (PB) ratio is 2.72.


How financially healthy is MITEK SYSTEMS INC?

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