Mitek Systems Inc
NASDAQ:MITK

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Mitek Systems Inc
NASDAQ:MITK
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Price: 10.06 USD 8.87% Market Closed
Market Cap: 459.2m USD

Relative Value

The Relative Value of one MITK stock under the Base Case scenario is 16.46 USD. Compared to the current market price of 10.06 USD, Mitek Systems Inc is Undervalued by 39%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

MITK Relative Value
Base Case
16.46 USD
Undervaluation 39%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
87
vs Industry
46
Median 3Y
2.8
Median 5Y
3.1
Industry
2.4
Forward
2.4
vs History
79
vs Industry
7
Median 3Y
52.8
Median 5Y
68.4
Industry
22.5
Forward
9.9
vs History
93
vs Industry
47
Median 3Y
14.1
Median 5Y
16.4
Industry
16.2
vs History
74
vs Industry
42
Median 3Y
14.6
Median 5Y
14.6
Industry
20.8
vs History
90
vs Industry
53
Median 3Y
2.3
Median 5Y
2.5
Industry
3
vs History
90
vs Industry
42
Median 3Y
2.9
Median 5Y
3.4
Industry
2.4
Forward
2.3
vs History
90
vs Industry
58
Median 3Y
3.3
Median 5Y
3.9
Industry
4.9
vs History
88
vs Industry
26
Median 3Y
12.7
Median 5Y
18.6
Industry
12.3
Forward
8
vs History
82
vs Industry
12
Median 3Y
20.5
Median 5Y
27.7
Industry
15.8
Forward
8.2
vs History
93
vs Industry
42
Median 3Y
15.1
Median 5Y
17.6
Industry
14.8
vs History
93
vs Industry
38
Median 3Y
15.6
Median 5Y
18.2
Industry
17.4
vs History
87
vs Industry
53
Median 3Y
1.7
Median 5Y
1.9
Industry
2.4

Multiples Across Competitors

MITK Competitors Multiples
Mitek Systems Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Mitek Systems Inc
NASDAQ:MITK
421.5m USD 2.4 29.6 10.7 18.5
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8 -182 667.2 -177 298
US
Palantir Technologies Inc
NYSE:PLTR
435.5B USD 111.8 397.6 489.9 505
DE
SAP SE
XETRA:SAP
242.9B EUR 6.7 34.3 21.1 23.8
US
Salesforce Inc
NYSE:CRM
247B USD 6.1 34.2 19.9 27.5
US
Applovin Corp
NASDAQ:APP
227B USD 41.1 80.2 63.6 69.2
US
Intuit Inc
NASDAQ:INTU
186.9B USD 9.6 45.4 31.4 36.3
US
Adobe Inc
NASDAQ:ADBE
151.2B USD 6.5 21.7 16.4 18
US
NCR Corp
LSE:0K45
133.5B USD 50.6 -2 197 379.3 1 109.8
US
Cadence Design Systems Inc
NASDAQ:CDNS
88.1B USD 16.9 83 47.1 53.4
US
Synopsys Inc
NASDAQ:SNPS
84.6B USD 13.1 42.1 67.3 87.2
P/S Multiple
Revenue Growth P/S to Growth
US
Mitek Systems Inc
NASDAQ:MITK
Average P/S: 21 288.7
2.4
6%
0.4
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
111.8
46%
2.4
DE
SAP SE
XETRA:SAP
6.7
11%
0.6
US
Salesforce Inc
NYSE:CRM
6.1
9%
0.7
US
Applovin Corp
NASDAQ:APP
41.1
28%
1.5
US
Intuit Inc
NASDAQ:INTU
9.6
13%
0.7
US
Adobe Inc
NASDAQ:ADBE
6.5
10%
0.7
US
N
NCR Corp
LSE:0K45
50.6
-8%
N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
16.9
14%
1.2
US
Synopsys Inc
NASDAQ:SNPS
13.1
21%
0.6
P/E Multiple
Earnings Growth PEG
US
Mitek Systems Inc
NASDAQ:MITK
Average P/E: 85.3
29.6
151%
0.2
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
397.6
94%
4.2
DE
SAP SE
XETRA:SAP
34.3
48%
0.7
US
Salesforce Inc
NYSE:CRM
34.2
31%
1.1
US
Applovin Corp
NASDAQ:APP
80.2
61%
1.3
US
Intuit Inc
NASDAQ:INTU
45.4
31%
1.5
US
Adobe Inc
NASDAQ:ADBE
21.7
26%
0.8
US
N
NCR Corp
LSE:0K45
Negative Multiple: -2 197
-49%
N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
83
35%
2.4
US
Synopsys Inc
NASDAQ:SNPS
42.1
13%
3.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Mitek Systems Inc
NASDAQ:MITK
Average EV/EBITDA: 114.7
10.7
44%
0.2
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
489.9
137%
3.6
DE
SAP SE
XETRA:SAP
21.1
18%
1.2
US
Salesforce Inc
NYSE:CRM
19.9
24%
0.8
US
Applovin Corp
NASDAQ:APP
63.6
52%
1.2
US
Intuit Inc
NASDAQ:INTU
31.4
27%
1.2
US
Adobe Inc
NASDAQ:ADBE
16.4
17%
1
US
N
NCR Corp
LSE:0K45
379.3
16%
23.7
US
Cadence Design Systems Inc
NASDAQ:CDNS
47.1
27%
1.7
US
Synopsys Inc
NASDAQ:SNPS
67.3
44%
1.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Mitek Systems Inc
NASDAQ:MITK
Average EV/EBIT: 194.9
18.5
146%
0.1
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
505
141%
3.6
DE
SAP SE
XETRA:SAP
23.8
21%
1.1
US
Salesforce Inc
NYSE:CRM
27.5
33%
0.8
US
Applovin Corp
NASDAQ:APP
69.2
57%
1.2
US
Intuit Inc
NASDAQ:INTU
36.3
32%
1.1
US
Adobe Inc
NASDAQ:ADBE
18
20%
0.9
US
N
NCR Corp
LSE:0K45
1 109.8
70%
15.9
US
Cadence Design Systems Inc
NASDAQ:CDNS
53.4
30%
1.8
US
Synopsys Inc
NASDAQ:SNPS
87.2
49%
1.8