Mitek Historical Cash Flow
| MITK Stock | USD 9.59 0.25 2.68% |
Analysis of Mitek Systems cash flow over time is an excellent tool to project Mitek Systems future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Depreciation of 22.6 M or Other Non Cash Items of 10.7 M as it is a great indicator of Mitek Systems ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Mitek Systems latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Mitek Systems is a good buy for the upcoming year.
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About Mitek Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Mitek balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Mitek's non-liquid assets can be easily converted into cash.
Mitek Systems Cash Flow Chart
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Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Most accounts from Mitek Systems' cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Mitek Systems current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitek Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.At this time, Mitek Systems' Total Cash From Operating Activities is quite stable compared to the past year. Net Income is expected to rise to about 9.7 M this year, although the value of Other Cashflows From Financing Activities will most likely fall to about 1.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Other Non Cash Items | 5.7M | 8.9M | 10.2M | 10.7M | Depreciation | 14.5M | 18.7M | 21.5M | 22.6M |
Mitek Systems cash flow statement Correlations
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Mitek Systems Account Relationship Matchups
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Mitek Systems cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (2.4M) | (6.3M) | 2.7M | (1.7M) | (1.5M) | (1.4M) | |
| Change In Cash | 3.2M | 10.3M | 1.7M | 26.9M | 30.9M | 32.4M | |
| Free Cash Flow | 23.3M | 36.0M | 25.2M | 30.6M | 35.1M | 36.9M | |
| Change In Working Capital | (3.3M) | 2.1M | (8.5M) | (9.0M) | (8.1M) | (7.7M) | |
| Other Cashflows From Financing Activities | (902K) | (44K) | 144.0M | 1.7M | 2.0M | 1.9M | |
| Depreciation | 7.9M | 8.9M | 14.5M | 18.7M | 21.5M | 22.6M | |
| Other Non Cash Items | 199K | 6.7M | 5.7M | 8.9M | 10.2M | 10.7M | |
| Capital Expenditures | 803K | 1.4M | 1.1M | 1.0M | 1.2M | 1.2M | |
| Total Cash From Operating Activities | 24.1M | 37.3M | 26.4M | 31.6M | 36.3M | 38.1M | |
| Net Income | 7.8M | 8.0M | 3.0M | 8.0M | 9.2M | 9.7M | |
| Total Cash From Financing Activities | 3.4M | 143.7M | (21.1M) | 1.7M | 2.0M | 1.9M | |
| End Period Cash Flow | 20.0M | 30.3M | 32.1M | 58.9M | 67.7M | 71.1M | |
| Begin Period Cash Flow | 16.7M | 20.0M | 30.3M | 32.1M | 36.9M | 38.7M | |
| Change To Liabilities | 199K | 3.4M | 1.3M | 2.2M | 2.5M | 1.5M | |
| Change To Account Receivables | (361K) | (813K) | (10.8M) | 4.3M | 3.9M | 3.7M | |
| Total Cashflows From Investing Activities | (10.5M) | (24.7M) | (170.5M) | (3.5M) | (3.2M) | (3.3M) | |
| Stock Based Compensation | 9.6M | 11.5M | 13.3M | 10.5M | 12.0M | 12.6M | |
| Sale Purchase Of Stock | 5.6M | (1.0M) | (190K) | (15.2M) | (13.7M) | (13.0M) | |
| Investments | (23.9M) | (156.6M) | (3.5M) | (6.8M) | (6.1M) | (6.4M) | |
| Change To Netincome | 6.3M | 11.7M | 12.7M | 9.8M | 11.2M | 6.1M | |
| Change To Operating Activities | 1.8M | (598K) | 350K | 1.5M | 1.8M | 1.8M |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitek Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mitek Systems. If investors know Mitek will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mitek Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.94) | Earnings Share (0.14) | Revenue Per Share 3.59 | Quarterly Revenue Growth 0.044 | Return On Assets (0.01) |
The market value of Mitek Systems is measured differently than its book value, which is the value of Mitek that is recorded on the company's balance sheet. Investors also form their own opinion of Mitek Systems' value that differs from its market value or its book value, called intrinsic value, which is Mitek Systems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mitek Systems' market value can be influenced by many factors that don't directly affect Mitek Systems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mitek Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mitek Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mitek Systems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.