Mitek Systems Inc

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MITK : NASDAQ : Technology
$8.1 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 306700.0
04/24/17 - 4:00 PM ET

Financial Analysis


MITEK SYSTEMS INC's gross profit margin for the first quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. MITEK SYSTEMS INC is extremely liquid. Currently, the Quick Ratio is 6.61 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.

At the same time, stockholders' equity ("net worth") has greatly increased by 27.31% 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 FY17 Q1 FY16
Net Sales ($mil)9.277.41
EBITDA ($mil)0.020.31
EBIT ($mil)-0.30.05
Net Income ($mil)-0.61-0.32


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)34.5325.46
Total Assets ($mil)46.6939.68
Total Debt ($mil)0.00.0
Equity ($mil)39.9431.37


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin92.2288.74
EBITDA Margin0.174.18
Operating Margin-3.220.7
Sales Turnover0.780.69
Return on Assets3.585.18
Return on Equity4.196.56
Debt Q1 FY17 Q1 FY16
Current Ratio6.84.13
Debt/Capital0.00.0
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)33.2731.86
Div / share0.00.0
EPS-0.02-0.01
Book value / share1.20.98
Institutional Own % n/a n/a
Avg Daily Volume306465.0376881.0

Valuation


HOLD. MITEK SYSTEMS INC's P/E ratio indicates a significant premium compared to an average of 57.24 for the Software industry and a significant premium compared to the S&P 500 average of 24.84. To use another comparison, its price-to-book ratio of 5.96 indicates a significant premium versus the S&P 500 average of 2.98 and a significant discount versus the industry average of 8.77. The current price-to-sales ratio is well above the S&P 500 average and above the industry average, indicating a premium. The valuation analysis reveals that, MITEK SYSTEMS INC seems to be trading at a premium to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
MITK 143.00 Peers 57.24   MITK 41.89 Peers 22.45

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

MITK is trading at a significant premium to its peers.

 

Premium. 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 is trading at a significant premium to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
MITK 20.43 Peers 41.68   MITK 0.37 Peers 0.84

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 significant discount to its peers.

 

Discount. 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.

MITK trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
MITK 5.96 Peers 8.77   MITK -28.58 Peers 44.45

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.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, MITK is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
MITK 6.51 Peers 6.43   MITK 33.53 Peers 7.73

Average. 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 valuation on par with 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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