MITEK SYSTEMS INC's gross profit margin for the first quarter of its fiscal year 2015 is essentially unchanged when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the industry, the net income growth has not. MITEK SYSTEMS INC is extremely liquid. Currently, the Quick Ratio is 4.70 which clearly shows the ability to cover any short-term cash needs. MITK managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.
During the same period, stockholders' equity ("net worth") has remained unchanged from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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|Income Statement||Q1 FY15||Q1 FY14|
|Net Sales ($mil)||5.39||4.46|
|Net Income ($mil)||0.15||-1.47|
|Balance Sheet||Q1 FY15||Q1 FY14|
|Cash & Equiv. ($mil)||26.94||23.36|
|Total Assets ($mil)||32.25||32.4|
|Total Debt ($mil)||0.0||0.0|
|Profitability||Q1 FY15||Q1 FY14|
|Gross Profit Margin||92.78||89.81|
|Return on Assets||-11.4||-22.78|
|Return on Equity||-14.76||-29.38|
|Debt||Q1 FY15||Q1 FY14|
|Share Data||Q1 FY15||Q1 FY14|
|Shares outstanding (mil)||30.66||30.43|
|Div / share||0.0||0.0|
|Book value / share||0.81||0.83|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||172274.0||328557.0|
SELL. This stock?s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. Conducting a second comparison, its price-to-book ratio of 4.16 indicates a premium versus the S&P 500 average of 2.81 and a significant discount versus the industry average of 6.31. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. After reviewing these and other key valuation criteria, MITEK SYSTEMS INC proves to trade at a discount to investment alternatives within the industry.
|MITK NM||Peers 47.31||MITK NM||Peers 24.41|
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.
MITK's P/E is negative making this valuation measure meaningless.
Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
MITK's P/CF is negative making the measure meaningless.
|MITK 26.00||Peers 38.79||MITK NA||Peers 1.21|
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.
MITK is trading at a discount to its peers.
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
Ratio not available.
|MITK 4.16||Peers 6.31||MITK 55.56||Peers 16.11|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
MITK is trading at a significant discount to its peers.
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
MITK is expected to have an earnings growth rate that significantly exceeds its peers.
|MITK 5.16||Peers 6.28||MITK 25.82||Peers 12.21|
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
MITK is trading at a discount to its industry on this measurement.
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.
MITK has a sales growth rate that significantly exceeds its peers.
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