Mitek Systems Inc
NASDAQ:MITK

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Mitek Systems Inc
NASDAQ:MITK
Watchlist
Price: 9.39 USD 2.29% Market Closed
Market Cap: 424.8m USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one MITK stock under the Base Case scenario is 20.83 USD. Compared to the current market price of 9.39 USD, Mitek Systems Inc is Undervalued by 55%.

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
20.83 USD
Undervaluation 55%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.4
P/S
P/S
Price to Sales
2.4
vs History
92
vs Industry
46
Median 3Y
2.9
Median 5Y
3.6
Industry
2.4
Forward
2.4
More Details
32.1
P/E
P/E
Price to Earnings
32.1
vs History
80
vs Industry
7
Median 3Y
64.5
Median 5Y
75.2
Industry
22.5
Forward
10.5
More Details
8.8
P/OCF
P/OCF
Price to OCF
8.8
vs History
95
vs Industry
47
Median 3Y
15.5
Median 5Y
19.9
Industry
17
More Details
9.3
P/FCFE
P/FCFE
Price to FCFE
9.3
vs History
76
vs Industry
42
Median 3Y
16.6
Median 5Y
16.6
Industry
21.4
More Details
1.9
P/B
P/B
Price to Book Value
1.9
vs History
92
vs Industry
53
Median 3Y
2.4
Median 5Y
2.8
Industry
2.9
More Details
2.5
EV/S
EV/S
Enterprise Value to Sales
2.5
vs History
92
vs Industry
42
Median 3Y
3
Median 5Y
3.8
Industry
2.4
Forward
2.5
More Details
2.9
EV/GP
EV/GP
Enterprise Value to Gross Profit
2.9
vs History
92
vs Industry
58
Median 3Y
3.6
Median 5Y
4.3
Industry
4.9
More Details
12.1
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
12.1
vs History
85
vs Industry
26
Median 3Y
16.5
Median 5Y
21.1
Industry
12.6
Forward
9
More Details
22.1
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
22.1
vs History
76
vs Industry
12
Median 3Y
23.9
Median 5Y
34.3
Industry
16.3
Forward
9.1
More Details
9.1
EV/OCF
EV/OCF
Enterprise Value to OCF
9.1
vs History
95
vs Industry
42
Median 3Y
16.5
Median 5Y
19.1
Industry
15.4
More Details
9.4
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
9.4
vs History
95
vs Industry
38
Median 3Y
17
Median 5Y
19.7
Industry
18.7
More Details
1.5
EV/IC
EV/IC
Enterprise Value to IC
1.5
vs History
90
vs Industry
53
Median 3Y
1.8
Median 5Y
2.1
Industry
2.4
More Details

Multiples Across Competitors

MITK Competitors Multiples
Mitek Systems Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Mitek Systems Inc
NASDAQ:MITK
427.5m USD 2.4 32.1 12.1 22.1
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8 -182 667.2 -177 298
DE
SAP SE
XETRA:SAP
310.2B EUR 8.8 54.1 29.2 33.5
US
Palantir Technologies Inc
NYSE:PLTR
309.1B USD 99.2 541.6 697.5 748.7
US
Salesforce Inc
NYSE:CRM
254.6B USD 6.6 41 21.6 31
US
Intuit Inc
NASDAQ:INTU
210.3B USD 11.6 60.6 38.3 45
US
Adobe Inc
NASDAQ:ADBE
180.5B USD 8.2 26.7 20.2 22.4
US
NCR Corp
LSE:0K45
144.8B USD 42.1 157 452.7 3 229.1
US
Applovin Corp
NASDAQ:APP
133B USD 25.9 69.3 48.5 57
US
Microstrategy Inc
NASDAQ:MSTR
98.2B USD 213.9 -18.4 -3 090 -1 599.8
US
Cadence Design Systems Inc
NASDAQ:CDNS
78.4B USD 16.1 72.5 45.9 52.4
P/S Multiple
Revenue Growth P/S to Growth
US
Mitek Systems Inc
NASDAQ:MITK
Average P/S: 21 304.1
2.4
9%
0.3
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
DE
SAP SE
XETRA:SAP
8.8
12%
0.7
US
Palantir Technologies Inc
NYSE:PLTR
99.2
34%
2.9
US
Salesforce Inc
NYSE:CRM
6.6
10%
0.7
US
Intuit Inc
NASDAQ:INTU
11.6
13%
0.9
US
Adobe Inc
NASDAQ:ADBE
8.2
10%
0.8
US
N
NCR Corp
LSE:0K45
42.1
-8%
N/A
US
Applovin Corp
NASDAQ:APP
25.9
24%
1.1
US
Microstrategy Inc
NASDAQ:MSTR
213.9
3%
71.3
US
Cadence Design Systems Inc
NASDAQ:CDNS
16.1
13%
1.2
P/E Multiple
Earnings Growth PEG
US
Mitek Systems Inc
NASDAQ:MITK
Average P/E: 117.2
32.1
168%
0.2
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
DE
SAP SE
XETRA:SAP
54.1
50%
1.1
US
Palantir Technologies Inc
NYSE:PLTR
541.6
73%
7.4
US
Salesforce Inc
NYSE:CRM
41
32%
1.3
US
Intuit Inc
NASDAQ:INTU
60.6
34%
1.8
US
Adobe Inc
NASDAQ:ADBE
26.7
26%
1
US
N
NCR Corp
LSE:0K45
157
-47%
N/A
US
Applovin Corp
NASDAQ:APP
69.3
44%
1.6
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -18.4 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
72.5
33%
2.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Mitek Systems Inc
NASDAQ:MITK
Average EV/EBITDA: 151.8
12.1
52%
0.2
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
DE
SAP SE
XETRA:SAP
29.2
19%
1.5
US
Palantir Technologies Inc
NYSE:PLTR
697.5
109%
6.4
US
Salesforce Inc
NYSE:CRM
21.6
23%
0.9
US
Intuit Inc
NASDAQ:INTU
38.3
28%
1.4
US
Adobe Inc
NASDAQ:ADBE
20.2
17%
1.2
US
N
NCR Corp
LSE:0K45
452.7
12%
37.7
US
Applovin Corp
NASDAQ:APP
48.5
42%
1.2
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -3 090 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
45.9
27%
1.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Mitek Systems Inc
NASDAQ:MITK
Average EV/EBIT: 471.2
22.1
151%
0.1
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
DE
SAP SE
XETRA:SAP
33.5
21%
1.6
US
Palantir Technologies Inc
NYSE:PLTR
748.7
110%
6.8
US
Salesforce Inc
NYSE:CRM
31
32%
1
US
Intuit Inc
NASDAQ:INTU
45
37%
1.2
US
Adobe Inc
NASDAQ:ADBE
22.4
20%
1.1
US
N
NCR Corp
LSE:0K45
3 229.1
90%
35.9
US
Applovin Corp
NASDAQ:APP
57
45%
1.3
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 599.8 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
52.4
28%
1.9

See Also

Summary
MITK intrinsic value, competitors valuation, and company profile.
DCF Valuation
MITK stock valuation using Discount Cash Flow valuation method.
Relative Valuation
MITK stock valuation using valuation multiples.
Wall Street Estimates
MITK price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
MITK stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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