MITEK SYSTEMS INC (MITK) Fundamental Analysis & Valuation
NASDAQ:MITK • US6067102003
14.65 USD
-0.23 (-1.55%)
At close: Mar 10, 2026
14.75 USD
+0.1 (+0.68%)
After Hours: 3/10/2026, 8:00:01 PM
This MITK fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 6 out of 10 to MITK. MITK was compared to 277 industry peers in the Software industry. MITK has an excellent profitability rating, but there are some minor concerns on its financial health. MITK is valued quite cheap, while showing a decent growth score. This is a good combination!
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.
- MITK had positive earnings in each of the past 5 years.
- Each year in the past 5 years MITK had a positive operating cash flow.
1.2 Ratios
- MITK has a Return On Assets of 3.62%. This is in the better half of the industry: MITK outperforms 68.59% 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 68.59% of the companies in the same industry.
- MITK's Return On Invested Capital of 5.21% is fine compared to the rest of the industry. MITK outperforms 72.92% 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 10.89%.
- The last Return On Invested Capital (5.21%) for MITK is above the 3 year average (3.01%), which is a sign of increasing profitability.
| Industry Rank | Sector 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%
1.3 Margins
- With a decent Profit Margin value of 8.67%, MITK is doing good in the industry, outperforming 71.12% of the companies in the same industry.
- In the last couple of years the Profit Margin of MITK has declined.
- Looking at the Operating Margin, with a value of 14.65%, MITK belongs to the top of the industry, outperforming 81.95% of the companies in the same industry.
- 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 90.25% of its industry peers.
- MITK's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. MITK Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MITK is destroying value.
- Compared to 1 year ago, MITK has more shares outstanding
- MITK has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, MITK has an improved debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 2.51 indicates that MITK is not a great score, but indicates only limited risk for bankruptcy at the moment.
- The Altman-Z score of MITK (2.51) is better than 60.65% 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.
- MITK's Debt to FCF ratio of 2.63 is fine compared to the rest of the industry. MITK outperforms 64.26% of its industry peers.
- A Debt/Equity ratio of 0.68 indicates that MITK is somewhat dependend on debt financing.
- The Debt to Equity ratio of MITK (0.68) is worse than 68.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 2.63 | ||
| Altman-Z | 2.51 |
ROIC/WACC0.52
WACC9.93%
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 Current ratio of 1.18. This is in the lower half of the industry: MITK underperforms 66.79% 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.
- MITK's Quick ratio of 1.18 is on the low side compared to the rest of the industry. MITK is outperformed by 66.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.18 |
3. MITK Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an nice 11.34% over the past year.
- The Earnings Per Share has been growing slightly by 7.68% on average over the past years.
- MITK shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.27%.
- The Revenue has been growing by 12.15% on average over the past years. This is quite good.
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.
- 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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. MITK Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 13.56, MITK is valued correctly.
- Based on the Price/Earnings ratio, MITK is valued cheaper than 82.31% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 26.25, MITK is valued a bit cheaper.
- A Price/Forward Earnings ratio of 11.80 indicates a reasonable valuation of MITK.
- 81.59% of the companies in the same industry are more expensive than MITK, based on the Price/Forward Earnings ratio.
- MITK is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.39, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.56 | ||
| Fwd PE | 11.8 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, MITK is valued cheaper than 87.00% of the companies 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 88.81% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.97 | ||
| EV/EBITDA | 11.18 |
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)0.66
PEG (5Y)1.77
EPS Next 2Y13.15%
EPS Next 3Y19.68%
5. MITK Dividend Analysis
5.1 Amount
- MITK does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
MITK Fundamentals: All Metrics, Ratios and Statistics
14.65
-0.23 (-1.55%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-05 2026-02-05/amc
Earnings (Next)05-06 2026-05-06
Inst Owners82.34%
Inst Owner Change8.15%
Ins Owners2.34%
Ins Owner Change9.75%
Market Cap663.94M
Revenue(TTM)186.68M
Net Income(TTM)16.18M
Analysts85.45
Price Target15.3 (4.44%)
Short Float %4.32%
Short Ratio2.53
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)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)9.09%
PT rev (3m)15.38%
EPS NQ rev (1m)10.26%
EPS NQ rev (3m)-3.37%
EPS NY rev (1m)12.57%
EPS NY rev (3m)5.33%
Revenue NQ rev (1m)4.07%
Revenue NQ rev (3m)-1.44%
Revenue NY rev (1m)1.05%
Revenue NY rev (3m)1.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.56 | ||
| Fwd PE | 11.8 | ||
| P/S | 3.56 | ||
| P/FCF | 10.97 | ||
| P/OCF | 10.57 | ||
| P/B | 2.84 | ||
| P/tB | 10.41 | ||
| EV/EBITDA | 11.18 |
EPS(TTM)1.08
EY7.37%
EPS(NY)1.24
Fwd EY8.48%
FCF(TTM)1.34
FCFY9.12%
OCF(TTM)1.39
OCFY9.46%
SpS4.12
BVpS5.16
TBVpS1.41
PEG (NY)0.66
PEG (5Y)1.77
Graham Number11.19
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.51 |
F-Score6
WACC9.93%
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 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 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.
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 20.51% in the next year.