MITEK SYSTEMS INC (MITK) Fundamental Analysis & Valuation
NASDAQ:MITK • US6067102003
Current stock price
13.9 USD
+0.15 (+1.09%)
At close:
13.9522 USD
+0.05 (+0.38%)
After Hours:
This MITK fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. MITK Profitability Analysis
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.
- 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 69.45% of its industry peers.
- MITK has a better Return On Equity (6.92%) than 69.45% of its industry peers.
- MITK's Return On Invested Capital of 5.21% is fine compared to the rest of the industry. MITK outperforms 73.09% 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 10.92%.
- The 3 year average ROIC (3.01%) for MITK is below the current ROIC(5.21%), indicating increased profibility in the last year.
| 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 71.64% 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 81.82% of its industry peers.
- In the last couple of years the Operating Margin of MITK has declined.
- With an excellent Gross Margin value of 84.33%, MITK belongs to the best 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 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
- 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.
- Compared to 5 years ago, MITK has more shares outstanding
- Compared to 1 year ago, MITK has an improved debt to assets ratio.
2.2 Solvency
- MITK has an Altman-Z score of 2.37. 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 better Altman-Z score (2.37) than 61.09% 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 63.27% 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.
- With a Debt to Equity ratio value of 0.68, MITK is not doing good in the industry: 68.73% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 2.63 | ||
| Altman-Z | 2.37 |
ROIC/WACC0.52
WACC9.97%
2.3 Liquidity
- MITK has a Current 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 Current ratio of 1.18 is on the low side compared to the rest of the industry. MITK is outperformed by 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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.18 |
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.
- MITK shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.68% yearly.
- The Revenue has grown by 8.27% in the past year. This is quite good.
- 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)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.
- MITK is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.07% yearly.
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
- A Price/Earnings ratio of 12.87 indicates a correct valuation of MITK.
- Based on the Price/Earnings ratio, MITK is valued cheaply inside the industry as 84.00% of the companies are valued more expensively.
- MITK is valuated rather cheaply when we compare the Price/Earnings ratio to 25.60, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 11.19, the valuation of MITK can be described as very reasonable.
- MITK's Price/Forward Earnings ratio is rather cheap when compared to the industry. MITK is cheaper than 82.18% of the companies in the same industry.
- MITK's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.84.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.87 | ||
| Fwd PE | 11.19 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, MITK is valued cheaply inside the industry as 87.64% of the companies are valued more expensively.
- Based on the Price/Free Cash Flow ratio, MITK is valued cheaply inside the industry as 89.09% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.4 | ||
| EV/EBITDA | 9.98 |
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.
- MITK's earnings are expected to grow with 19.68% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.63
PEG (5Y)1.68
EPS Next 2Y13.15%
EPS Next 3Y19.68%
5. MITK Dividend Analysis
5.1 Amount
- No dividends for MITK!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
MITK Fundamentals: All Metrics, Ratios and Statistics
13.9
+0.15 (+1.09%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-05 2026-02-05/amc
Earnings (Next)04-23 2026-04-23
Inst Owners82.34%
Inst Owner Change8.15%
Ins Owners2.34%
Ins Owner Change9.75%
Market Cap629.95M
Revenue(TTM)186.68M
Net Income(TTM)16.18M
Analysts85.45
Price Target15.3 (10.07%)
Short Float %5%
Short Ratio2.5
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)13.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)10.26%
EPS NY rev (1m)12.57%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.87 | ||
| Fwd PE | 11.19 | ||
| P/S | 3.37 | ||
| P/FCF | 10.4 | ||
| P/OCF | 10.03 | ||
| P/B | 2.7 | ||
| P/tB | 9.88 | ||
| EV/EBITDA | 9.98 |
EPS(TTM)1.08
EY7.77%
EPS(NY)1.24
Fwd EY8.93%
FCF(TTM)1.34
FCFY9.61%
OCF(TTM)1.39
OCFY9.97%
SpS4.12
BVpS5.16
TBVpS1.41
PEG (NY)0.63
PEG (5Y)1.68
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 | 2.37 |
F-Score6
WACC9.97%
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 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 12.87 and the Price/Book (PB) ratio is 2.7.
How financially healthy is MITEK SYSTEMS INC?
The financial health rating of MITEK SYSTEMS INC (MITK) is 4 / 10.