Mitek Systems Inc is engaged in the development, sale, and service of proprietary software solutions related to mobile imaging. The firm is a software development company with expertise in artificial intelligence, and machine learning. It is serving more than 7,800 financial services organizations and leading marketplace and financial technology brands across the globe. Mitek's Mobile Deposit solution is used by consumers for mobile check deposits. The company's Mobile Verify verifies a user's identity online enabling organizations to build safer digital communities, whereas CheckReader enables financial institutions to automatically extract data from a check image received across any deposit channel - branch, ATM, RDC, and mobile.

Financial Strength

6/10

Name	Current	Vs Industry
Cash-To-Debt	0.87
Equity-to-Asset	0.53
Debt-to-Equity	0.66
Debt-to-EBITDA	5.66
Interest Coverage	0.07
Piotroski F-Score	5/9	0 1 2 3 4 5 6 7 8 9
Altman Z-Score	2.69	Distress Grey Safe
Beneish M-Score	-2.36	Manipulator Not Manipulator
WACC vs ROIC		WACC ROIC

Growth Rank

9/10

	Name	Current	Vs Industry		Vs History
	3-Year Revenue Growth Rate	16
	3-Year EBITDA Growth Rate	26.6
	3-Year EPS without NRI Growth Rate	5
	3-Year FCF Growth Rate	6.3
	3-Year Book Growth Rate	12.5
	Future 3-5Y Total Revenue Growth Rate	5.64

Momentum Rank

9/10

	Name	Current	Vs Industry		Vs History
	5-Day RSI	45.37
	9-Day RSI	43.75
	14-Day RSI	45.71
	6-1 Month Momentum %	31.64
	12-1 Month Momentum %	48.48

Liquidity Ratio

	Name	Current	Vs Industry		Vs History
	Current Ratio	4.7
	Quick Ratio	4.7
	Cash Ratio	3.13
	Days Sales Outstanding	75.44
	Days Payable	115.42

Dividend & Buy Back

	Name	Current	Vs Industry		Vs History
	3-Year Average Share Buyback Ratio	-3
	Shareholder Yield %	-0.98

Profitability Rank

7/10

	Name	Current	Vs Industry		Vs History
	Gross Margin %	85.7
	Operating Margin %	0.4
	Net Margin %	-1.52
	FCF Margin %	9.61
	ROE %	-1.22
	ROA %	-0.62
	ROIC %	0.17
	ROC (Joel Greenblatt) %	61.93
	ROCE %	1.52
	Years of Profitability over Past 10-Year	7

GF Value Rank

6/10

	Name	Current	Vs Industry		Vs History
	Forward PE Ratio	13.23
	PE Ratio without NRI	103.25
	Shiller PE Ratio	205.31
	PEG Ratio	0.92
	PS Ratio	3.6
	PB Ratio	2.77
	Price-to-Tangible-Book	25.81
	Price-to-Free-Cash-Flow	37.46
	Price-to-Operating-Cash-Flow	34.89
	EV-to-EBIT	113.01
	EV-to-EBITDA	24.42
	EV-to-Forward-EBITDA	19.77
	EV-to-Revenue	3.74
	EV-to-Forward-Revenue	3.38
	EV-to-FCF	38.89
	Price-to-Projected-FCF	1.41
	Price-to-Median-PS-Value	0.65
	Price-to-Graham-Number	10.86
	Earnings Yield (Greenblatt) %	0.88
	FCF Yield %	2.65

GF Value: $12.65

MITK

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