MITK
Mitek Systems·NASDAQ
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7.53 / 10
Outperform
Fundamental metrics for Mitek Systems are rated satisfactory (7.5/10). Key strengths include positive Revenue-MV, Net income-Revenue, and Cash-MV differentials, while Asset-MV is also favorable. However, Profit-MV and Days Sales Outstanding raise concerns. The PB-ROE factor sits in Group 2, and Asset-MV in Group 3, both historically associated with moderate returns. Overall, the fundamentals support an Outperform rating but are not compelling enough for a strong conviction buy.
Analysis Checks(8/10)
Revenue-MV
Value-0.42
Score2/3
Weight8.87%
1M Return7.23%
Value-0.42
Score2/3
Weight8.87%
1M Return7.23%
Profit-MV
Value-0.22
Score1/3
Weight0.45%
1M Return0.38%
Value-0.22
Score1/3
Weight0.45%
1M Return0.38%
PB-ROE
Value-0.06
Score3/3
Weight15.54%
1M Return13.67%
Value-0.06
Score3/3
Weight15.54%
1M Return13.67%
Annualized return on total assets (%)
Value4.90
Score2/3
Weight1.77%
1M Return1.47%
Value4.90
Score2/3
Weight1.77%
1M Return1.47%
Inventory turnover days
Value300.47
Score3/3
Weight1.81%
1M Return1.44%
Value300.47
Score3/3
Weight1.81%
1M Return1.44%
Days sales outstanding
Value68.61
Score0/3
Weight-1.76%
1M Return-1.40%
Value68.61
Score0/3
Weight-1.76%
1M Return-1.40%
Net income-Revenue
Value-1.20
Score3/3
Weight6.38%
1M Return5.64%
Value-1.20
Score3/3
Weight6.38%
1M Return5.64%
Rate of return on total assets (%)
Value4.90
Score2/3
Weight1.77%
1M Return1.47%
Value4.90
Score2/3
Weight1.77%
1M Return1.47%
Asset-MV
Value-0.52
Score3/3
Weight56.33%
1M Return27.51%
Value-0.52
Score3/3
Weight56.33%
1M Return27.51%
Cash-MV
Value0.27
Score3/3
Weight8.83%
1M Return6.31%
Value0.27
Score3/3
Weight8.83%
1M Return6.31%
Revenue-MV
Value-0.42
Score2/3
Weight8.87%
1M Return7.23%
Value-0.42
Score2/3
Weight8.87%
1M Return7.23%
Days sales outstanding
Value68.61
Score0/3
Weight-1.76%
1M Return-1.40%
Value68.61
Score0/3
Weight-1.76%
1M Return-1.40%
Profit-MV
Value-0.22
Score1/3
Weight0.45%
1M Return0.38%
Value-0.22
Score1/3
Weight0.45%
1M Return0.38%
Net income-Revenue
Value-1.20
Score3/3
Weight6.38%
1M Return5.64%
Value-1.20
Score3/3
Weight6.38%
1M Return5.64%
PB-ROE
Value-0.06
Score3/3
Weight15.54%
1M Return13.67%
Value-0.06
Score3/3
Weight15.54%
1M Return13.67%
Rate of return on total assets (%)
Value4.90
Score2/3
Weight1.77%
1M Return1.47%
Value4.90
Score2/3
Weight1.77%
1M Return1.47%
Annualized return on total assets (%)
Value4.90
Score2/3
Weight1.77%
1M Return1.47%
Value4.90
Score2/3
Weight1.77%
1M Return1.47%
Asset-MV
Value-0.52
Score3/3
Weight56.33%
1M Return27.51%
Value-0.52
Score3/3
Weight56.33%
1M Return27.51%
Inventory turnover days
Value300.47
Score3/3
Weight1.81%
1M Return1.44%
Value300.47
Score3/3
Weight1.81%
1M Return1.44%
Cash-MV
Value0.27
Score3/3
Weight8.83%
1M Return6.31%
Value0.27
Score3/3
Weight8.83%
1M Return6.31%
Is MITK fundamentally strong?
- MITK scores 7.53/10 on fundamentals and holds a Discounted valuation at present. Backed by its 1.17% ROE, 8.67% net margin, 33.13 P/E ratio, 2.29 P/B ratio, and 250.00% earnings growth, these metrics solidify its Outperform investment rating.
