XNASMITK
Market cap510mUSD
Dec 26, Last price
11.36USD
1D
-0.79%
1Q
32.87%
Jan 2017
84.72%
Name
Mitek Systems Inc
Chart & Performance
Profile
Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and web browsers to facilitate digital consumer experiences. It offers Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications. The company also provides Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion; and MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. In addition, it offers CheckReader that enables financial institutions to automatically extract data from checks; Check Fraud Defender, an AI-powered and cloud-hosted model for fighting check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. Further, the company provides ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents; IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice that helps stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑09 | 2023‑09 | 2022‑09 | 2021‑09 | 2020‑09 | 2019‑09 | 2018‑09 | 2017‑09 | 2016‑09 | 2015‑09 | |
Income | ||||||||||
Revenues | 172,083 -0.27% | 172,552 19.88% | 143,943 20.16% | |||||||
Cost of revenue | 128,713 | 135,828 | 115,632 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 43,370 | 36,724 | 28,311 | |||||||
NOPBT Margin | 25.20% | 21.28% | 19.67% | |||||||
Operating Taxes | (4,187) | 2,314 | (295) | |||||||
Tax Rate | 6.30% | |||||||||
NOPAT | 47,557 | 34,410 | 28,606 | |||||||
Net income | 3,278 -59.16% | 8,027 117.30% | 3,694 -53.70% | |||||||
Dividends | ||||||||||
Dividend yield | ||||||||||
Proceeds from repurchase of equity | (24,180) | 1,737 | (13,451) | |||||||
BB yield | 5.88% | -0.35% | 3.21% | |||||||
Debt | ||||||||||
Debt current | 805 | 2,102 | 2,110 | |||||||
Long-term debt | 152,866 | 144,252 | 138,292 | |||||||
Deferred revenue | 957 | 1,775 | ||||||||
Other long-term liabilities | 5,085 | 1,774 | 1,613 | |||||||
Net debt | 11,921 | 11,437 | 39,442 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 31,688 | 31,586 | 26,351 | |||||||
CAPEX | (1,438) | (1,034) | (1,126) | |||||||
Cash from investing activities | 28,746 | (6,784) | (3,530) | |||||||
Cash from financing activities | (25,882) | 1,701 | (21,143) | |||||||
FCF | 44,899 | 25,341 | 30,303 | |||||||
Balance | ||||||||||
Cash | 130,340 | 133,613 | 90,327 | |||||||
Long term investments | 11,410 | 1,304 | 10,633 | |||||||
Excess cash | 133,146 | 126,289 | 93,763 | |||||||
Stockholders' equity | (32,525) | (23,503) | (46,176) | |||||||
Invested Capital | 401,047 | 372,807 | 352,735 | |||||||
ROIC | 12.29% | 9.49% | 7.75% | |||||||
ROCE | 11.65% | 10.32% | 8.83% | |||||||
EV | ||||||||||
Common stock shares outstanding | 47,468 | 46,461 | 45,780 | |||||||
Price | 8.67 -19.12% | 10.72 17.03% | 9.16 -50.49% | |||||||
Market cap | 411,548 -17.37% | 498,062 18.77% | 419,345 -49.72% | |||||||
EV | 423,469 | 509,499 | 458,787 | |||||||
EBITDA | 60,281 | 55,443 | 43,259 | |||||||
EV/EBITDA | 7.02 | 9.19 | 10.61 | |||||||
Interest | 9,259 | 9,063 | 8,232 | |||||||
Interest/NOPBT | 21.35% | 24.68% | 29.08% |