Company Valuation: Mitek Systems, Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 814.4 406.7 488.7 400.6 446 761.8 - -
Change - -50.07% 20.18% -18.03% 11.33% 70.82% - -
Enterprise Value (EV) 756 444.3 490.6 413.8 446 761.8 761.8 761.8
Change - -41.23% 10.42% -15.65% 7.76% 70.82% 0% 0%
P/E 97.4x 131x 63.1x 124x 51.4x 40.7x 29.9x 25.6x
PBR - - - - - - - -
PEG - -2.1x 0x -2.1x 0x 0x 0.8x 1.5x
Capitalization / Revenue 6.8x 2.83x 2.84x 2.33x 2.48x 3.92x 3.62x 3.29x
EV / Revenue 0x 0x 0x 0x 0x 3.92x 3.62x 3.29x
EV / EBITDA 0x - 0x 0x 0x 12.4x 11.1x 9.45x
EV / EBIT 0x 0x 0x 0x 0x 25.5x 22.3x 18.1x
EV / FCF 0x - - 0x 0x 18.8x 17.8x -
FCF Yield 4.41% - - 7.55% 12.1% 5.31% 5.63% -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.19 0.07 0.17 0.07 0.19 0.414 0.564 0.66
Distribution rate - - - - - - - -
Net sales 1 119.8 143.9 171.9 172.1 179.7 194.5 210.7 231.3
EBITDA 1 35.63 - 54.96 46.74 53.93 61.57 68.79 80.6
EBIT 1 13.71 11.34 15.56 2.231 16.79 29.84 34.17 42.2
Net income 1 8.409 3.032 7.813 3.278 8.796 19.88 27.52 28.6
Net Debt -58.45 37.64 1.903 13.26 - - - -
Reference price 2 18.50 9.16 10.72 8.67 9.77 16.87 16.87 16.87
Nbr of stocks (in thousands) 44,024 44,396 45,590 46,204 45,647 45,159 - -
Announcement Date 11/4/21 11/4/22 12/7/23 12/16/24 12/11/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
40.75x - - - 762M
-41.7x1.19x6.35x-.--% 7.32B
10.83x4.06x7.65x3.35% 6.76B
33.29x5.39x26.73x-.--% 3.92B
11.97x1.4x6.93x1.37% 2.21B
23.93x1.37x5.83x - 1.53B
12.69x0.8x4.6x2.38% 1.35B
118.55x5.74x43.32x - 1.16B
Average 26.29x 2.85x 14.49x 1.42% 3.13B
Weighted average by Cap. 5.91x 2.90x 11.71x 1.34%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Mitek Systems, Inc.