Mitek Systems Stock Z Score

MITK Stock

USD 9.30 0.02 0.21%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Mitek Systems Piotroski F Score and Mitek Systems Valuation analysis.

For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.

At this time, Mitek Systems' Return On Capital Employed is quite stable compared to the past year. Capital Expenditure Coverage Ratio is expected to rise to 28.87 this year, although the value of Capital Stock will most likely fall to about 46.6 K. At this time, Mitek Systems' Operating Income is quite stable compared to the past year. EBIT is expected to rise to about 23.4 M this year, although the value of Non Recurring is projected to rise to (7.7 M).

Mitek Systems Company Z Score Analysis

Mitek Systems' Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Mitek Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Mitek Systems is extremely important. It helps to project a fair market value of Mitek Stock properly, considering its historical fundamentals such as Z Score. Since Mitek Systems' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Mitek Systems' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Mitek Systems' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock	Property Plant Equipment	Current Deferred Revenue	Long Term Debt	Intangible Assets	Net Tangible Assets	Good Will	Short Term Investments	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Net Invested Capital	Net Working Capital	Short Long Term Debt	Capital Stock
Total Assets		0.98	0.94	0.63	0.93	0.99	0.98	-0.13	0.86	0.64	0.96	0.96	0.94	0.92	0.97	0.96	0.88	0.94	0.94	0.38	0.93	0.86	-0.87	0.92
Total Stockholder Equity	0.98		0.86	0.61	0.94	0.94	0.96	-0.03	0.88	0.7	0.97	0.96	0.93	0.92	0.97	0.94	0.83	0.98	0.94	0.3	0.89	0.79	-0.9	0.91
Net Debt	0.94	0.86		0.61	0.82	0.98	0.91	-0.28	0.74	0.48	0.86	0.87	0.87	0.86	0.88	0.9	0.87	0.8	0.86	0.46	0.92	0.87	-0.73	0.84
Retained Earnings	0.63	0.61	0.61		0.59	0.62	0.62	0.06	0.58	0.14	0.62	0.55	0.64	0.53	0.63	0.57	0.6	0.59	0.64	0.33	0.61	0.6	-0.6	0.6
Net Receivables	0.93	0.94	0.82	0.59		0.89	0.91	-0.04	0.98	0.57	0.91	0.99	0.89	0.95	0.9	0.98	0.67	0.9	0.88	0.02	0.84	0.71	-0.81	0.92
Total Liab	0.99	0.94	0.98	0.62	0.89		0.97	-0.21	0.82	0.57	0.93	0.93	0.92	0.89	0.94	0.94	0.89	0.88	0.91	0.43	0.94	0.89	-0.81	0.9
Total Current Assets	0.98	0.96	0.91	0.62	0.91	0.97		-0.21	0.84	0.61	0.93	0.95	0.93	0.85	0.96	0.92	0.91	0.91	0.92	0.4	0.91	0.89	-0.83	0.92
Short Term Debt	-0.13	-0.03	-0.28	0.06	-0.04	-0.21	-0.21		0.0	0.03	-0.12	-0.16	-0.33	0.01	-0.18	-0.1	-0.28	-0.04	-0.26	-0.19	-0.21	-0.38	0.03	-0.21
Accounts Payable	0.86	0.88	0.74	0.58	0.98	0.82	0.84	0.0		0.48	0.85	0.95	0.83	0.92	0.84	0.94	0.56	0.84	0.82	-0.12	0.77	0.62	-0.76	0.89
Common Stock	0.64	0.7	0.48	0.14	0.57	0.57	0.61	0.03	0.48		0.67	0.61	0.59	0.6	0.66	0.58	0.54	0.72	0.63	0.26	0.73	0.63	-0.7	0.66
Property Plant Equipment	0.96	0.97	0.86	0.62	0.91	0.93	0.93	-0.12	0.85	0.67		0.93	0.97	0.91	0.95	0.93	0.81	0.98	0.98	0.32	0.9	0.79	-0.91	0.9
Current Deferred Revenue	0.96	0.96	0.87	0.55	0.99	0.93	0.95	-0.16	0.95	0.61	0.93		0.93	0.95	0.94	0.98	0.75	0.92	0.91	0.12	0.88	0.77	-0.83	0.94
Long Term Debt	0.94	0.93	0.87	0.64	0.89	0.92	0.93	-0.33	0.83	0.59	0.97	0.93		0.86	0.95	0.91	0.82	0.94	0.99	0.3	0.89	0.82	-0.87	0.91
Intangible Assets	0.92	0.92	0.86	0.53	0.95	0.89	0.85	0.01	0.92	0.6	0.91	0.95	0.86		0.88	0.99	0.63	0.89	0.86	0.07	0.86	0.66	-0.8	0.87
Net Tangible Assets	0.97	0.97	0.88	0.63	0.9	0.94	0.96	-0.18	0.84	0.66	0.95	0.94	0.95	0.88		0.92	0.85	0.96	0.95	0.34	0.89	0.82	-0.89	0.9
Good Will	0.96	0.94	0.9	0.57	0.98	0.94	0.92	-0.1	0.94	0.58	0.93	0.98	0.91	0.99	0.92		0.71	0.9	0.9	0.12	0.89	0.74	-0.83	0.92
Short Term Investments	0.88	0.83	0.87	0.6	0.67	0.89	0.91	-0.28	0.56	0.54	0.81	0.75	0.82	0.63	0.85	0.71		0.79	0.82	0.72	0.83	0.91	-0.73	0.75
Capital Surpluse	0.94	0.98	0.8	0.59	0.9	0.88	0.91	-0.04	0.84	0.72	0.98	0.92	0.94	0.89	0.96	0.9	0.79		0.96	0.29	0.86	0.74	-0.93	0.87
Deferred Long Term Liab	0.94	0.94	0.86	0.64	0.88	0.91	0.92	-0.26	0.82	0.63	0.98	0.91	0.99	0.86	0.95	0.9	0.82	0.96		0.33	0.88	0.81	-0.89	0.89
Long Term Investments	0.38	0.3	0.46	0.33	0.02	0.43	0.4	-0.19	-0.12	0.26	0.32	0.12	0.3	0.07	0.34	0.12	0.72	0.29	0.33		0.4	0.57	-0.3	0.18
Net Invested Capital	0.93	0.89	0.92	0.61	0.84	0.94	0.91	-0.21	0.77	0.73	0.9	0.88	0.89	0.86	0.89	0.89	0.83	0.86	0.88	0.4		0.93	-0.84	0.92
Net Working Capital	0.86	0.79	0.87	0.6	0.71	0.89	0.89	-0.38	0.62	0.63	0.79	0.77	0.82	0.66	0.82	0.74	0.91	0.74	0.81	0.57	0.93		-0.74	0.86
Short Long Term Debt	-0.87	-0.9	-0.73	-0.6	-0.81	-0.81	-0.83	0.03	-0.76	-0.7	-0.91	-0.83	-0.87	-0.8	-0.89	-0.83	-0.73	-0.93	-0.89	-0.3	-0.84	-0.74		-0.85
Capital Stock	0.92	0.91	0.84	0.6	0.92	0.9	0.92	-0.21	0.89	0.66	0.9	0.94	0.91	0.87	0.9	0.92	0.75	0.87	0.89	0.18	0.92	0.86	-0.85

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Mitek Systems

Based on the company's disclosures, Mitek Systems has a Z Score of 0.0. This is 100.0% lower than that of the Software sector and about the same as Information Technology (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Mitek Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Mitek Systems' direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Mitek Systems could also be used in its relative valuation, which is a method of valuing Mitek Systems by comparing valuation metrics of similar companies.

Mitek Systems is currently under evaluation in z score category among its peers.

Mitek Systems ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Mitek Systems' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Mitek Systems' managers, analysts, and investors.

Environmental

Governance

Social

Mitek Systems Institutional Holders

Institutional Holdings refers to the ownership stake in Mitek Systems that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Mitek Systems' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Mitek Systems' value.

		Shares
Ranger Investment Management Lp	2024-09-30	758.2 K
Thompson, Siegel & Walmsley Llc	2024-09-30	756.9 K
Portolan Capital Management, Llc	2024-06-30	742.7 K
Silvercrest Asset Management Group Llc	2024-06-30	502.6 K
Invenomic Capital Management, Lp	2024-09-30	469.2 K
Nomura Holdings Inc	2024-06-30	446.3 K
Ameriprise Financial Inc	2024-06-30	438.9 K
Northern Trust Corp	2024-09-30	430.2 K
Lsv Asset Management	2024-09-30	424 K
Blackrock Inc	2024-06-30	3.8 M
Vanguard Group Inc	2024-09-30	3.6 M

Mitek Fundamentals

	Return On Equity	-0.0323
	Return On Asset	-0.007
	Profit Margin	(0.04) %
	Operating Margin	0.04 %
	Current Valuation	452.24 M
	Shares Outstanding	46.2 M
	Shares Owned By Insiders	2.99 %
	Shares Owned By Institutions	77.91 %
	Number Of Shares Shorted	4.28 M
	Price To Earning	45.71 X
	Price To Book	2.05 X
	Price To Sales	2.59 X
	Revenue	172.55 M
	Gross Profit	105.26 M
	EBITDA	39.62 M
	Net Income	8.03 M
	Cash And Equivalents	71.05 M
	Cash Per Share	1.60 X
	Total Debt	140.28 M
	Debt To Equity	0.75 %
	Current Ratio	2.61 X
	Book Value Per Share	4.54 X
	Cash Flow From Operations	31.59 M
	Short Ratio	9.07 X
	Earnings Per Share	(0.14) X
	Price To Earnings To Growth	1.28 X
	Target Price	12.3
	Number Of Employees	573
	Beta	1.08
	Market Capitalization	430.62 M
	Total Asset	405.38 M
	Retained Earnings	(9.31 M)
	Working Capital	138.51 M
	Current Asset	40.31 M
	Current Liabilities	8.33 M
	Net Asset	405.38 M

About Mitek Systems Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Mitek Systems's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mitek Systems using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mitek Systems based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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When determining whether Mitek Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Mitek Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Mitek Systems Stock. Highlighted below are key reports to facilitate an investment decision about Mitek Systems Stock:

How To Invest In Mitek

Details

Is Mitek Stock a good investment?

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What is Mitek Systems' Net Worth?

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Check out Mitek Systems Piotroski F Score and Mitek Systems Valuation 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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.

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Mitek Systems Stock Z Score

Mitek Systems Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Mitek Z Score Driver Correlations

Mitek Z Score Peer Comparison

Mitek Systems ESG Sustainability

Mitek Systems Institutional Holders

Mitek Fundamentals

About Mitek Systems Fundamental Analysis

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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