Mitek Systems Valuation
| MITK Stock | USD 10.35 0.12 1.17% |
At this time, the firm appears to be overvalued. Mitek Systems secures a last-minute Real Value of $9.54 per share. The latest price of the firm is $10.35. Our model forecasts the value of Mitek Systems from analyzing the firm fundamentals such as Profit Margin of 0.08 %, current valuation of 486.12 M, and Return On Equity of 0.0611 as well as examining its technical indicators and probability of bankruptcy.
Price Book 2.1415 | Enterprise Value 486.1 M | Enterprise Value Ebitda 12.7687 | Price Sales 2.6586 | Forward PE 10.7759 |
Overvalued
Today
Please note that Mitek Systems' price fluctuation is somewhat reliable at this time. Calculation of the real value of Mitek Systems is based on 3 months time horizon. Increasing Mitek Systems' time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Mitek Systems' intrinsic value may or may not be the same as its current market price of 10.35, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 10.35 | Real 9.54 | Target 13.1 | Hype 10.35 | Naive 10.59 |
The intrinsic value of Mitek Systems' stock can be calculated using various methods such as discounted cash flow or dividend analysis. That value may differ from its market price, which is determined by factors such as investor sentiment, market trends, headlines, and other external factors that may influence Mitek Systems' stock price.
Estimating the potential upside or downside of Mitek Systems helps investors to forecast how Mitek stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Mitek Systems more accurately as focusing exclusively on Mitek Systems' fundamentals will not take into account other important factors: Mitek Systems Cash |
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Mitek Systems Total Value Analysis
Mitek Systems is now anticipated to have valuation of 486.12 M with market capitalization of 471.59 M, debt of 148.64 M, and cash on hands of 71.05 M. Please note that valuation may be misleading and is a subject to auditing or accounting errors. We encourage investors to vigilantly validate all of the Mitek Systems fundamentals before making equity appraisal based on enterprise value of the company| Takeover Price | Market Cap | Debt Obligations | Cash |
486.12 M | 471.59 M | 148.64 M | 71.05 M |
Mitek Systems Investor Information
About 79.0% of the company shares are owned by institutional investors. The book value of Mitek Systems was now reported as 4.84. The company has Price/Earnings To Growth (PEG) ratio of 1.28. Mitek Systems had not issued any dividends in recent years. Based on the key indicators related to Mitek Systems' liquidity, profitability, solvency, and operating efficiency, Mitek Systems is performing exceptionally good at the present time. It has a great chance to report excellent financial results in August.Mitek Systems Asset Utilization
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Mitek Systems has an asset utilization ratio of 41.59 percent. This suggests that the Company is making $0.42 for each dollar of assets. An increasing asset utilization means that Mitek Systems is more efficient with each dollar of assets it utilizes for everyday operations.Mitek Systems Ownership Allocation
Mitek Systems maintains a total of 45.56 Million outstanding shares. The majority of Mitek Systems outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Mitek Systems to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Mitek Systems. Please pay attention to any change in the institutional holdings of Mitek Systems as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.Mitek Systems Profitability Analysis
The company reported the previous year's revenue of 172.08 M. Net Income was 3.28 M with profit before overhead, payroll, taxes, and interest of 152.26 M.About Mitek Systems Valuation
We use absolute and relative valuation methodologies to arrive at the intrinsic value of Mitek Systems. In general, an absolute valuation paradigm, as applied to this company, attempts to find the value of Mitek Systems based exclusively on its fundamental and basic technical indicators. By analyzing Mitek Systems's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of Mitek Systems's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of Mitek Systems. We calculate exposure to Mitek Systems's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Mitek Systems's related companies.| Last Reported | Projected for Next Year | ||
| Gross Profit | 197.5 M | 207.4 M |
Mitek Systems Growth Indicators
Investing in growth stocks can be very risky. If the company such as Mitek Systems does not do well, investors take a loss on the stock when it is time to sell. Also, because growth stocks typically do not pay dividends, the only opportunity an investor has to make money on their investment is when they eventually sell their shares.
| Common Stock Shares Outstanding | 47.5 M | |
| Quarterly Earnings Growth Y O Y | 32.261 | |
| Forward Price Earnings | 10.7759 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitek Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mitek Systems. If investors know Mitek will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mitek Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 32.261 | Earnings Share 0.29 | Revenue Per Share 3.855 | Quarterly Revenue Growth 0.106 | Return On Assets 0.0278 |
The market value of Mitek Systems is measured differently than its book value, which is the value of Mitek that is recorded on the company's balance sheet. Investors also form their own opinion of Mitek Systems' value that differs from its market value or its book value, called intrinsic value, which is Mitek Systems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mitek Systems' market value can be influenced by many factors that don't directly affect Mitek Systems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mitek Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mitek Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mitek Systems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.