MITEK SYSTEMS, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.7 USD | +2.34% |
|
+4.27% | -2.61% |
| Apr. 16 | Craig Hallum Raises Mitek Systems' Price Target to $19 From $17, Maintains Buy Rating | MT |
| Apr. 15 | Transcript : Mitek Systems, Inc., Q1 2024 Earnings Call, Apr 15, 2024 |
Valuation
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 387.7 | 526 | 814.4 | 406.7 | 488.7 | 594.2 | - |
| Enterprise Value (EV) 1 | 387.7 | 526 | 756 | 444.3 | 490.6 | 595.8 | 603.5 |
| P/E ratio | -483 x | 70.8 x | 97.4 x | 131 x | 63.1 x | 101 x | 33.6 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 4.58 x | 5.19 x | 6.8 x | 2.83 x | 2.84 x | 3.27 x | 2.94 x |
| EV / Revenue | 4.58 x | 5.19 x | 6.31 x | 3.09 x | 2.85 x | 3.28 x | 2.98 x |
| EV / EBITDA | 21.1 x | 17.8 x | 21.2 x | - | 14.3 x | 14.3 x | 11.2 x |
| EV / FCF | - | - | 21 x | - | - | 11.9 x | 10.2 x |
| FCF Yield | - | - | 4.76% | - | - | 8.39% | 9.78% |
| Price to Book | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 40,177 | 41,288 | 44,024 | 44,396 | 45,590 | 46,791 | - |
| Reference price 2 | 9.650 | 12.74 | 18.50 | 9.160 | 10.72 | 12.70 | 12.70 |
| Announcement Date | 11/7/19 | 11/5/20 | 11/4/21 | 11/4/22 | 12/7/23 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 84.59 | 101.3 | 119.8 | 143.9 | 171.9 | 181.5 | 202.3 |
| EBITDA 1 | 18.39 | 29.6 | 35.63 | - | 34.28 | 41.76 | 54.08 |
| EBIT 1 | -4.59 | 8.868 | 13.71 | 11.34 | 15.56 | 15.07 | 33.72 |
| Operating Margin | -5.43% | 8.75% | 11.44% | 7.88% | 9.05% | 8.3% | 16.67% |
| Earnings before Tax (EBT) 1 | -3.988 | 9.409 | 9.233 | 2.737 | 10.34 | 5.091 | 23.26 |
| Net income 1 | -0.724 | 7.814 | 8.409 | 3.032 | 7.813 | 6.571 | 21.68 |
| Net margin | -0.86% | 7.71% | 7.02% | 2.11% | 4.55% | 3.62% | 10.71% |
| EPS 2 | -0.0200 | 0.1800 | 0.1900 | 0.0700 | 0.1700 | 0.1260 | 0.3775 |
| Free Cash Flow 1 | - | - | 35.95 | - | - | 50 | 59 |
| FCF margin | - | - | 30.01% | - | - | 27.55% | 29.16% |
| FCF Conversion (EBITDA) | - | - | 100.91% | - | - | 119.74% | 109.09% |
| FCF Conversion (Net income) | - | - | 427.57% | - | - | 760.88% | 272.17% |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 11/7/19 | 11/5/20 | 11/4/21 | 11/4/22 | 12/7/23 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: September | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 33.27 | 32.47 | 34.71 | 39.33 | 38.76 | 45.7 | 45.31 | 43.07 | 37 | 36.92 | 46.45 | 48.96 | 49.19 | 44.54 | 50.84 |
| EBITDA 1 | 11.14 | 10.52 | 11.46 | 11.53 | - | 13.2 | 12.82 | 9.119 | 0.975 | 10.39 | 11.17 | 13.9 | 13.84 | 14.24 | 15.66 |
| EBIT 1 | 4.355 | 4.829 | 4.833 | 1.215 | 2.937 | 8.373 | 7.877 | 1.792 | -3.287 | -6.916 | 4.565 | 7.577 | 8.226 | 4.186 | 9.781 |
| Operating Margin | 13.09% | 14.87% | 13.92% | 3.09% | 7.58% | 18.32% | 17.38% | 4.16% | -8.88% | -18.73% | 9.83% | 15.48% | 16.72% | 9.4% | 19.24% |
| Earnings before Tax (EBT) 1 | 2.874 | 2.956 | 2.562 | -0.813 | 0.462 | 6.576 | 6.168 | 0.355 | -3.567 | -7.537 | 2.575 | 4.82 | 5.689 | -0.00533 | 7.422 |
| Net income 1 | 2.238 | 3.124 | 1.911 | -0.852 | -0.311 | 4.73 | 4.448 | -0.428 | -1.658 | -5.793 | 2.439 | 4.718 | 5.21 | 2.293 | 6.608 |
| Net margin | 6.73% | 9.62% | 5.5% | -2.17% | -0.8% | 10.35% | 9.82% | -0.99% | -4.48% | -15.69% | 5.25% | 9.64% | 10.59% | 5.15% | 13% |
| EPS 2 | 0.0500 | 0.0700 | 0.0400 | -0.0200 | -0.0100 | 0.1000 | 0.1000 | -0.0100 | -0.0300 | -0.1300 | 0.0640 | 0.0940 | 0.0940 | - | 0.1200 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/4/21 | 1/27/22 | 4/28/22 | 7/28/22 | 11/4/22 | 9/5/23 | 9/14/23 | 10/26/23 | 12/7/23 | 4/15/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 37.6 | 1.9 | 1.54 | 9.28 |
| Net Cash position 1 | - | - | 58.5 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | 0.0555 x | 0.037 x | 0.1717 x |
| Free Cash Flow 1 | - | - | 36 | - | - | 50 | 59 |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - |
| Announcement Date | 11/7/19 | 11/5/20 | 11/4/21 | 11/4/22 | 12/7/23 | - | - |
1USD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
12.7
USD
Average target price
19.2
USD
Spread / Average Target
+51.18%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.61% | 594M | |
| +27.09% | 24.31B | |
| +9.94% | 2.63B | |
| -20.45% | 1.91B | |
| +80.82% | 1.86B | |
| -0.20% | 1.27B | |
| +7.97% | 1.36B | |
| -50.86% | 1.51B | |
| -18.38% | 1.25B | |
| +15.94% | 1.13B |
- Stock Market
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- MITK Stock
- Financials Mitek Systems, Inc.
