Mitek Systems Inc
NASDAQ:MITK

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Mitek Systems Inc
NASDAQ:MITK
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Price: 9.1 USD 3.64% Market Closed
Market Cap: 420.4m USD
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Relative Value

The Relative Value of one MITK stock under the Base Case scenario is 13.36 USD. Compared to the current market price of 9.1 USD, Mitek Systems Inc is Undervalued by 32%.

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
13.36 USD
Undervaluation 32%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
93
vs Industry
34
Median 3Y
3.2
Median 5Y
3.7
Industry
2.4
Forward
2.4
vs History
vs Industry
9
Median 3Y
64.5
Median 5Y
71.1
Industry
23.1
Forward
11.2
vs History
20
vs Industry
18
Median 3Y
19.3
Median 5Y
22
Industry
16.9
vs History
15
vs Industry
19
Median 3Y
17.1
Median 5Y
19.2
Industry
21.5
vs History
93
vs Industry
42
Median 3Y
2.5
Median 5Y
2.9
Industry
2.9
vs History
93
vs Industry
31
Median 3Y
3.5
Median 5Y
3.8
Industry
2.4
Forward
2.5
vs History
93
vs Industry
47
Median 3Y
4
Median 5Y
4.4
Industry
4.8
vs History
12
vs Industry
10
Median 3Y
18.6
Median 5Y
25.9
Industry
12.9
Forward
10.9
vs History
vs Industry
3
Median 3Y
23.9
Median 5Y
32.2
Industry
16.7
Forward
10.8
vs History
15
vs Industry
17
Median 3Y
19.8
Median 5Y
20.8
Industry
15.7
vs History
14
vs Industry
16
Median 3Y
20.7
Median 5Y
21.4
Industry
18.7
vs History
87
vs Industry
44
Median 3Y
1.9
Median 5Y
2.3
Industry
2.5

Multiples Across Competitors

MITK Competitors Multiples
Mitek Systems Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Mitek Systems Inc
NASDAQ:MITK
420m USD 2.5 -62.3 37 -85
US
Salesforce Inc
NYSE:CRM
321.7B USD 8.8 57.1 30.1 45.7
DE
SAP SE
XETRA:SAP
264.2B EUR 7.9 93.1 28.9 33.7
US
Adobe Inc
NASDAQ:ADBE
226.5B USD 10.8 42.3 26.5 29.6
US
NCR Corp
LSE:0K45
190.4B USD 27.8 401.6 380.6 1 148.6
US
Intuit Inc
NASDAQ:INTU
190.2B USD 11.7 64.2 41.3 49.7
US
Palantir Technologies Inc
NYSE:PLTR
139.3B USD 52.6 292.2 338.7 368.9
US
Applovin Corp
NASDAQ:APP
106.8B USD 24.9 92.8 55.5 71.4
US
Synopsys Inc
NASDAQ:SNPS
85.7B USD 14.1 57.2 48.6 56.8
US
Cadence Design Systems Inc
NASDAQ:CDNS
84.1B USD 19.3 80.9 57.7 66
US
Microstrategy Inc
NASDAQ:MSTR
80.5B USD 172.3 -197.9 -2 199.4 -1 504
P/E Multiple
Earnings Growth
US
Mitek Systems Inc
NASDAQ:MITK
Average P/E: 131.3
Negative Multiple: -62.3
490%
US
Salesforce Inc
NYSE:CRM
57.1
196%
DE
SAP SE
XETRA:SAP
93.1
41%
US
Adobe Inc
NASDAQ:ADBE
42.3
89%
US
N
NCR Corp
LSE:0K45
401.6
N/A
US
Intuit Inc
NASDAQ:INTU
64.2
146%
US
Palantir Technologies Inc
NYSE:PLTR
292.2
513%
US
Applovin Corp
NASDAQ:APP
92.8
569%
US
Synopsys Inc
NASDAQ:SNPS
57.2
119%
US
Cadence Design Systems Inc
NASDAQ:CDNS
80.9
112%
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -197.9 N/A
EV/EBIT Multiple
EBIT Growth
US
Mitek Systems Inc
NASDAQ:MITK
Average EV/EBIT: 207.8
Negative Multiple: -85
165%
US
Salesforce Inc
NYSE:CRM
45.7
170%
DE
SAP SE
XETRA:SAP
33.7
84%
US
Adobe Inc
NASDAQ:ADBE
29.6
81%
US
N
NCR Corp
LSE:0K45
1 148.6
121%
US
Intuit Inc
NASDAQ:INTU
49.7
143%
US
Palantir Technologies Inc
NYSE:PLTR
368.9
1 135%
US
Applovin Corp
NASDAQ:APP
71.4
292%
US
Synopsys Inc
NASDAQ:SNPS
56.8
129%
US
Cadence Design Systems Inc
NASDAQ:CDNS
66
115%
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 504
14 172%

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