MITK Valuation

Mitek Systems Inc

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10.030

-0.02(-0.199%)1D

Overview
Forecast
Valuation
Earnings

MITK Relative Valuation

MITK's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, MITK is overvalued; if below, it's undervalued.

Historical Valuation

Mitek Systems Inc (MITK) is now in the Undervalued zone, suggesting that its current forward PE ratio of 10.31 is considered Undervalued compared with the five-year average of 14.88. The fair price of Mitek Systems Inc (MITK) is between 10.18 to 17.99 according to relative valuation methord. Compared to the current price of 10.03 USD , Mitek Systems Inc is Undervalued By 1.44%.

Relative Value

Fair Zone

10.18-17.99

Current Price：10.03

1.44%

Undervalued

10.31

Trailing

Forward

9.05

EV/EBITDA

Mitek Systems Inc. (MITK) has a current EV/EBITDA of 9.05. The 5-year average EV/EBITDA is 13.38. The thresholds are as follows: Strongly Undervalued below 6.19, Undervalued between 6.19 and 9.78, Fairly Valued between 16.97 and 9.78, Overvalued between 16.97 and 20.56, and Strongly Overvalued above 20.56. The current Forward EV/EBITDA of 9.05 falls within the Undervalued range.

35.31

EV/EBIT

Mitek Systems Inc. (MITK) has a current EV/EBIT of 35.31. The 5-year average EV/EBIT is 31.35. The thresholds are as follows: Strongly Undervalued below -30.19, Undervalued between -30.19 and 0.58, Fairly Valued between 62.12 and 0.58, Overvalued between 62.12 and 92.89, and Strongly Overvalued above 92.89. The current Forward EV/EBIT of 35.31 falls within the Historic Trend Line -Fairly Valued range.

2.50

Mitek Systems Inc. (MITK) has a current PS of 2.50. The 5-year average PS is 3.62. The thresholds are as follows: Strongly Undervalued below 0.85, Undervalued between 0.85 and 2.24, Fairly Valued between 5.00 and 2.24, Overvalued between 5.00 and 6.39, and Strongly Overvalued above 6.39. The current Forward PS of 2.50 falls within the Historic Trend Line -Fairly Valued range.

11.30

P/OCF

Mitek Systems Inc. (MITK) has a current P/OCF of 11.30. The 5-year average P/OCF is 11.73. The thresholds are as follows: Strongly Undervalued below -9.56, Undervalued between -9.56 and 1.08, Fairly Valued between 22.37 and 1.08, Overvalued between 22.37 and 33.01, and Strongly Overvalued above 33.01. The current Forward P/OCF of 11.30 falls within the Historic Trend Line -Fairly Valued range.

11.49

P/FCF

Mitek Systems Inc. (MITK) has a current P/FCF of 11.49. The 5-year average P/FCF is 14.10. The thresholds are as follows: Strongly Undervalued below -6.05, Undervalued between -6.05 and 4.03, Fairly Valued between 24.18 and 4.03, Overvalued between 24.18 and 34.25, and Strongly Overvalued above 34.25. The current Forward P/FCF of 11.49 falls within the Historic Trend Line -Fairly Valued range.

Mitek Systems Inc (MITK) has a current Price-to-Book (P/B) ratio of 1.93. Compared to its 3-year average P/B ratio of 2.34 , the current P/B ratio is approximately -17.68% higher. Relative to its 5-year average P/B ratio of 3.00, the current P/B ratio is about -35.90% higher. Mitek Systems Inc (MITK) has a Forward Free Cash Flow (FCF) yield of approximately 12.19%. Compared to its 3-year average FCF yield of 5.61%, the current FCF yield is approximately 117.26% lower. Relative to its 5-year average FCF yield of 5.19% , the current FCF yield is about 134.99% lower.

1.93

P/B

Median3y

2.34

Median5y

3.00

12.19

FCF Yield

Median3y

5.61

Median5y

5.19

Competitors Valuation Multiple

The average P/S ratio for MITK's competitors is 1.93, providing a benchmark for relative valuation. Mitek Systems Inc Corp (MITK) exhibits a P/S ratio of 2.50, which is 28.96% above the industry average. Given its robust revenue growth of 1.67%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Alarum Technologies Ltd

Performance Decomposition

Market capitalization of MITK increased by 7.62% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 0.48 to 5.24.

The secondary factor is the Revenue Growth, contributed 1.67%to the performance.

Overall, the performance of MITK in the past 1 year is driven by Margin Expansion. Which is more sustainable.

1.67%

44.98M → 45.73M

Revenue Growth

991.67%

0.48 → 5.24

Margin Expansion

-985.72%

-3.39 → 30.04

P/E Change

7.62%