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Mitek Systems Inc
NASDAQ:MITK

Watchlist Manager
Mitek Systems Inc Logo
Mitek Systems Inc
NASDAQ:MITK
Watchlist
Price: 11.74 USD 1.12%
Updated: Mar 1, 2024

Relative Value

The Relative Value of one MITK stock under the Base Case scenario is 20.95 USD. Compared to the current market price of 11.74 USD, Mitek Systems Inc is Undervalued by 44%.

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
20.95 USD
Undervaluation 44%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
75
vs Industry
37
Median 3Y
3.4
Median 5Y
4.7
Industry
2.4
Forward
3.1
vs History
54
vs Industry
10
Median 3Y
77.9
Median 5Y
74.2
Industry
24.6
Forward
12.3
vs History
88
vs Industry
37
Median 3Y
16.2
Median 5Y
20.9
Industry
17.6
vs History
88
vs Industry
35
Median 3Y
17.3
Median 5Y
21.9
Industry
22.5
vs History
72
vs Industry
44
Median 3Y
2.8
Median 5Y
3.6
Industry
2.8
vs History
79
vs Industry
36
Median 3Y
3.7
Median 5Y
4.3
Industry
2.3
Forward
3.1
vs History
77
vs Industry
51
Median 3Y
4.2
Median 5Y
4.9
Industry
5
vs History
75
vs Industry
32
Median 3Y
16.4
Median 5Y
20.9
Industry
13.4
Forward
9.8
vs History
66
vs Industry
24
Median 3Y
28.2
Median 5Y
30
Industry
17.2
Forward
10
vs History
88
vs Industry
35
Median 3Y
17.9
Median 5Y
19.8
Industry
16.2
vs History
88
vs Industry
33
Median 3Y
18.7
Median 5Y
20.6
Industry
19.2
vs History
69
vs Industry
46
Median 3Y
1.9
Median 5Y
3.2
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
534.6m USD 3.1 70.8 12 20.8
US
Ezenia! Inc
OTC:EZEN
789.1B USD 325 533 -251 383.2 -254 217.5 -246 745.2
US
Advant-e Corp
OTC:ADVC
670.7B USD 66 369.3 335 223.2 201 163.8 221 259.6
US
Salesforce Inc
NYSE:CRM
318.1B USD 9.4 123.4 33.4 58.4
US
Adobe Inc
NASDAQ:ADBE
256.6B USD 13.2 47.4 32.5 36.6
DE
SAP SE
XETRA:SAP
202.5B EUR 6.5 33.2 25.3 30.6
US
Intuit Inc
NASDAQ:INTU
184.5B USD 12.2 66.6 44.6 54.4
US
Synopsys Inc
NASDAQ:SNPS
88B USD 14.4 62.5 52.2 61.5
US
Cadence Design Systems Inc
NASDAQ:CDNS
83.3B USD 20.5 80.5 58.6 65.3
US
Workday Inc
NASDAQ:WDAY
76.5B USD 10.5 55.4 154.1 391.6
FR
Dassault Systemes SE
PAR:DSY
56B EUR 6.5 37 22.7 30.1
EV/EBITDA Multiple
EBITDA Growth
US
Mitek Systems Inc
NASDAQ:MITK
Average EV/EBITDA: 20 159.9
12
97%
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -254 217.5 N/A
US
A
Advant-e Corp
OTC:ADVC
201 163.8
N/A
US
Salesforce Inc
NYSE:CRM
33.4
218%
US
Adobe Inc
NASDAQ:ADBE
32.5
72%
DE
SAP SE
XETRA:SAP
25.3
63%
US
Intuit Inc
NASDAQ:INTU
44.6
124%
US
Synopsys Inc
NASDAQ:SNPS
52.2
132%
US
Cadence Design Systems Inc
NASDAQ:CDNS
58.6
104%
US
Workday Inc
NASDAQ:WDAY
154.1
779%
FR
Dassault Systemes SE
PAR:DSY
22.7
32%
EV/EBIT Multiple
EBIT Growth
US
Mitek Systems Inc
NASDAQ:MITK
Average EV/EBIT: 22 200.9
20.8
304%
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -246 745.2 N/A
US
A
Advant-e Corp
OTC:ADVC
221 259.6
N/A
US
Salesforce Inc
NYSE:CRM
58.4
686%
US
Adobe Inc
NASDAQ:ADBE
36.6
77%
DE
SAP SE
XETRA:SAP
30.6
77%
US
Intuit Inc
NASDAQ:INTU
54.4
167%
US
Synopsys Inc
NASDAQ:SNPS
61.5
129%
US
Cadence Design Systems Inc
NASDAQ:CDNS
65.3
122%
US
Workday Inc
NASDAQ:WDAY
391.6
1 609%
FR
Dassault Systemes SE
PAR:DSY
30.1
64%

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