Mitek Systems Revenue vs. EBITDA
| MITK Stock | USD 9.30 0.02 0.21% |
Total Revenue | First Reported 1987-12-31 | Previous Quarter 47 M | Current Value 45 M | Quarterly Volatility 11.5 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.57 | 0.78 |
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For Mitek Systems profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Mitek Systems to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Mitek Systems utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Mitek Systems's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Mitek Systems over time as well as its relative position and ranking within its peers.
Mitek |
Mitek Systems' Revenue Breakdown by Earning Segment
Check out Correlation Analysis.
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.
Mitek Systems EBITDA vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Mitek Systems's current stock value. Our valuation model uses many indicators to compare Mitek Systems value to that of its competitors to determine the firm's financial worth. Mitek Systems is rated below average in revenue category among its peers. It is rated below average in ebitda category among its peers totaling about 0.23 of EBITDA per Revenue. The ratio of Revenue to EBITDA for Mitek Systems is roughly 4.35 . At this time, Mitek Systems' Total Revenue is quite stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Mitek Systems by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Mitek Revenue vs. Competition
Mitek Systems is rated below average in revenue category among its peers. Market size based on revenue of Information Technology industry is now estimated at about 16.86 Billion. Mitek Systems claims roughly 172.55 Million in revenue contributing just under 2% to equities under Information Technology industry.
Mitek EBITDA vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Mitek Systems |
| = | 172.55 M |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Mitek Systems |
| = | 39.62 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Mitek EBITDA Comparison
Mitek Systems is currently under evaluation in ebitda category among its peers.
Mitek Systems Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Mitek Systems, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Mitek Systems will eventually generate negative long term returns. The profitability progress is the general direction of Mitek Systems' change in net profit over the period of time. It can combine multiple indicators of Mitek Systems, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -12.8 M | -12.2 M | |
| Operating Income | 17.9 M | 18.8 M | |
| Net Income | 9.2 M | 9.7 M | |
| Income Tax Expense | 2.1 M | 2.2 M | |
| Income Before Tax | 11.9 M | 12.5 M | |
| Total Other Income Expense Net | -4.7 M | -4.5 M | |
| Net Income Applicable To Common Shares | 9.7 M | 10.2 M | |
| Net Income From Continuing Ops | 9.2 M | 9.7 M | |
| Non Operating Income Net Other | 752.1 K | 789.7 K | |
| Interest Income | 82.3 K | 73.2 K | |
| Net Interest Income | -8.2 M | -8.6 M | |
| Change To Netincome | 11.2 M | 6.1 M | |
| Net Income Per Share | 0.16 | 0.17 | |
| Income Quality | 3.54 | 3.72 | |
| Net Income Per E B T | 0.70 | 0.85 |
Mitek Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Mitek Systems. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Mitek Systems position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Mitek Systems' important profitability drivers and their relationship over time.
Use Mitek Systems in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mitek Systems position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mitek Systems will appreciate offsetting losses from the drop in the long position's value.Mitek Systems Pair Trading
Mitek Systems Pair Trading Analysis
The ability to find closely correlated positions to Mitek Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mitek Systems when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mitek Systems - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mitek Systems to buy it.
The correlation of Mitek Systems is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mitek Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mitek Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mitek Systems can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Mitek Systems position
In addition to having Mitek Systems in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Funds or Etfs that attempt to achieve high capital gains by investing in companies with high growth potential and above average risk. The Aggressive Funds theme has 42 constituents at this time.
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Check out Correlation Analysis. For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
To fully project Mitek Systems' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Mitek Systems at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Mitek Systems' income statement, its balance sheet, and the statement of cash flows.