Mitek Income Quality vs Capex To Revenue Analysis

MITK Stock

USD 9.41 0.11 1.18%

Mitek Systems financial indicator trend analysis is infinitely more than just investigating Mitek Systems recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mitek Systems is a good investment. Please check the relationship between Mitek Systems Income Quality and its Capex To Revenue accounts. 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.

Income Quality vs Capex To Revenue

Income Quality vs Capex To Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mitek Systems Income Quality account and Capex To Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Mitek Systems' Income Quality and Capex To Revenue is -0.14. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Capex To Revenue in the same time period over historical financial statements of Mitek Systems, assuming nothing else is changed. The correlation between historical values of Mitek Systems' Income Quality and Capex To Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Mitek Systems are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Income Quality i.e., Mitek Systems' Income Quality and Capex To Revenue go up and down completely randomly.

Correlation Coefficient

-0.14

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.

Most indicators from Mitek Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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' Selling General Administrative is quite stable compared to the past year. Tax Provision is expected to rise to about 2.8 M this year, although Enterprise Value Multiple will most likely fall to 12.00.

	2021	2022	2023	2024 (projected)
Gross Profit	124.8M	149.6M	172.0M	180.6M
Total Revenue	144.8M	172.6M	198.4M	208.4M

Gross Profit Total Revenue

Mitek Systems fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Cash	Non Currrent Assets Other	Cash And Short Term Investments	Other Liab	Other Assets	Common Stock Total Equity
Total Assets		0.97	0.99	0.98	0.98	0.88	0.94	0.63	0.99	0.93	0.83	0.97	0.8	0.76	0.98	0.99	0.96	0.98	-0.15	0.86	0.91	0.56	0.96	0.98	0.99	0.59
Short Long Term Debt Total	0.97		0.98	0.95	0.91	0.78	0.98	0.6	0.96	0.9	0.73	0.99	0.78	0.63	0.91	0.99	0.91	0.96	-0.29	0.83	0.91	0.51	0.93	0.99	0.98	0.47
Other Current Liab	0.99	0.98		0.98	0.96	0.87	0.94	0.68	0.97	0.93	0.77	0.97	0.83	0.69	0.95	0.98	0.97	0.98	-0.24	0.87	0.91	0.54	0.95	0.98	0.98	0.52
Total Current Liabilities	0.98	0.95	0.98		0.98	0.85	0.89	0.63	0.98	0.98	0.83	0.93	0.84	0.79	0.98	0.95	0.98	0.96	-0.1	0.94	0.94	0.42	0.91	0.96	0.98	0.56
Total Stockholder Equity	0.98	0.91	0.96	0.98		0.9	0.86	0.61	0.98	0.94	0.88	0.91	0.78	0.83	0.99	0.94	0.97	0.96	-0.05	0.88	0.9	0.5	0.92	0.94	0.97	0.65
Property Plant And Equipment Net	0.88	0.78	0.87	0.85	0.9		0.77	0.61	0.89	0.76	0.76	0.82	0.69	0.76	0.88	0.84	0.86	0.84	-0.09	0.69	0.7	0.65	0.83	0.82	0.86	0.66
Net Debt	0.94	0.98	0.94	0.89	0.86	0.77		0.61	0.93	0.82	0.65	0.98	0.75	0.58	0.86	0.98	0.84	0.91	-0.3	0.74	0.81	0.57	0.9	0.98	0.95	0.44
Retained Earnings	0.63	0.6	0.68	0.63	0.61	0.61	0.61		0.63	0.59	0.22	0.62	0.84	0.37	0.52	0.62	0.64	0.62	0.04	0.58	0.52	0.47	0.59	0.6	0.64	0.1
Non Current Assets Total	0.99	0.96	0.97	0.98	0.98	0.89	0.93	0.63		0.93	0.81	0.96	0.81	0.8	0.97	0.97	0.94	0.95	-0.08	0.86	0.88	0.52	0.91	0.98	0.99	0.6
Net Receivables	0.93	0.9	0.93	0.98	0.94	0.76	0.82	0.59	0.93		0.8	0.86	0.85	0.77	0.95	0.89	0.97	0.91	-0.07	0.98	0.95	0.24	0.83	0.91	0.93	0.5
Common Stock Shares Outstanding	0.83	0.73	0.77	0.83	0.88	0.76	0.65	0.22	0.81	0.8		0.73	0.43	0.82	0.91	0.76	0.81	0.83	-0.06	0.72	0.79	0.37	0.8	0.76	0.8	0.78
Non Current Liabilities Total	0.97	0.99	0.97	0.93	0.91	0.82	0.98	0.62	0.96	0.86	0.73		0.76	0.64	0.91	1.0	0.89	0.96	-0.27	0.77	0.86	0.63	0.96	0.99	0.98	0.51
Inventory	0.8	0.78	0.83	0.84	0.78	0.69	0.75	0.84	0.81	0.85	0.43	0.76		0.59	0.74	0.78	0.84	0.76	0.07	0.86	0.75	0.3	0.68	0.79	0.81	0.24
Other Current Assets	0.76	0.63	0.69	0.79	0.83	0.76	0.58	0.37	0.8	0.77	0.82	0.64	0.59		0.84	0.68	0.75	0.69	0.37	0.73	0.64	0.29	0.62	0.7	0.75	0.69
Other Stockholder Equity	0.98	0.91	0.95	0.98	0.99	0.88	0.86	0.52	0.97	0.95	0.91	0.91	0.74	0.84		0.93	0.96	0.95	-0.07	0.89	0.91	0.44	0.91	0.94	0.96	0.68
Total Liab	0.99	0.99	0.98	0.95	0.94	0.84	0.98	0.62	0.97	0.89	0.76	1.0	0.78	0.68	0.93		0.92	0.97	-0.23	0.82	0.89	0.59	0.96	1.0	0.99	0.52
Property Plant And Equipment Gross	0.96	0.91	0.97	0.98	0.97	0.86	0.84	0.64	0.94	0.97	0.81	0.89	0.84	0.75	0.96	0.92		0.95	-0.16	0.93	0.94	0.43	0.9	0.92	0.94	0.54
Total Current Assets	0.98	0.96	0.98	0.96	0.96	0.84	0.91	0.62	0.95	0.91	0.83	0.96	0.76	0.69	0.95	0.97	0.95		-0.24	0.84	0.92	0.59	0.99	0.96	0.97	0.56
Short Term Debt	-0.15	-0.29	-0.24	-0.1	-0.05	-0.09	-0.3	0.04	-0.08	-0.07	-0.06	-0.27	0.07	0.37	-0.07	-0.23	-0.16	-0.24		-0.02	-0.23	-0.17	-0.3	-0.21	-0.14	0.02
Accounts Payable	0.86	0.83	0.87	0.94	0.88	0.69	0.74	0.58	0.86	0.98	0.72	0.77	0.86	0.73	0.89	0.82	0.93	0.84	-0.02		0.93	0.11	0.74	0.84	0.86	0.42
Cash	0.91	0.91	0.91	0.94	0.9	0.7	0.81	0.52	0.88	0.95	0.79	0.86	0.75	0.64	0.91	0.89	0.94	0.92	-0.23	0.93		0.29	0.87	0.9	0.9	0.47
Non Currrent Assets Other	0.56	0.51	0.54	0.42	0.5	0.65	0.57	0.47	0.52	0.24	0.37	0.63	0.3	0.29	0.44	0.59	0.43	0.59	-0.17	0.11	0.29		0.69	0.54	0.53	0.38
Cash And Short Term Investments	0.96	0.93	0.95	0.91	0.92	0.83	0.9	0.59	0.91	0.83	0.8	0.96	0.68	0.62	0.91	0.96	0.9	0.99	-0.3	0.74	0.87	0.69		0.94	0.94	0.56
Other Liab	0.98	0.99	0.98	0.96	0.94	0.82	0.98	0.6	0.98	0.91	0.76	0.99	0.79	0.7	0.94	1.0	0.92	0.96	-0.21	0.84	0.9	0.54	0.94		0.99	0.52
Other Assets	0.99	0.98	0.98	0.98	0.97	0.86	0.95	0.64	0.99	0.93	0.8	0.98	0.81	0.75	0.96	0.99	0.94	0.97	-0.14	0.86	0.9	0.53	0.94	0.99		0.57
Common Stock Total Equity	0.59	0.47	0.52	0.56	0.65	0.66	0.44	0.1	0.6	0.5	0.78	0.51	0.24	0.69	0.68	0.52	0.54	0.56	0.02	0.42	0.47	0.38	0.56	0.52	0.57

Click cells to compare fundamentals

Mitek Systems Account Relationship Matchups

Mitek Systems fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	169.2M	419.3M	360.4M	405.4M	466.2M	489.5M
Short Long Term Debt Total	7.1M	129.4M	134.2M	140.3M	161.3M	169.4M
Other Current Liab	10.7M	23.6M	20.0M	24.6M	28.3M	29.8M
Total Current Liabilities	24.4M	38.5M	40.5M	51.5M	59.2M	62.2M
Total Stockholder Equity	132.2M	193.3M	170.3M	205.2M	236.0M	247.8M
Property Plant And Equipment Net	9.0M	10.7M	8.6M	7.0M	8.0M	8.4M
Net Debt	(12.8M)	99.1M	102.1M	81.4M	93.6M	98.3M
Retained Earnings	(14.0M)	(5.6M)	(18.0M)	(9.3M)	(8.4M)	(8.8M)
Non Current Assets Total	85.0M	215.2M	231.3M	215.4M	247.7M	260.1M
Net Receivables	20.8M	20.7M	34.1M	50.5M	58.1M	61.0M
Common Stock Shares Outstanding	42.5M	45.1M	44.7M	46.5M	53.4M	56.1M
Liabilities And Stockholders Equity	169.2M	419.3M	360.4M	405.4M	466.2M	489.5M
Non Current Liabilities Total	12.6M	187.6M	149.6M	148.7M	171.0M	179.5M
Inventory	1.3M	1.9M	2M	3.5M	3.2M	3.3M
Other Current Assets	2.0M	2.1M	2.6M	2.4M	2.8M	2.9M
Other Stockholder Equity	146.5M	199.8M	216.5M	228.7M	263.0M	276.1M
Total Liab	36.9M	226.0M	190.1M	200.2M	230.2M	241.7M
Property Plant And Equipment Gross	9.0M	10.7M	8.6M	14.7M	17.0M	17.8M
Total Current Assets	84.1M	204.1M	129.1M	190.0M	218.5M	229.4M
Accumulated Other Comprehensive Income	(323K)	(943K)	(28.2M)	(14.2M)	(12.8M)	(12.2M)
Short Term Debt	1.8M	1.9M	2.1M	1.9M	2.2M	2.7M
Accounts Payable	3.9M	2.5M	5.0M	7.6M	8.7M	9.2M
Cash	20.0M	30.3M	32.1M	58.9M	67.7M	71.1M
Non Currrent Assets Other	5.6M	54.5M	5.8M	7.2M	8.3M	8.7M
Cash And Short Term Investments	60.0M	179.4M	90.3M	133.6M	153.7M	161.3M
Other Liab	10.8M	8.1M	6.6M	60.1M	69.1M	72.5M
Other Assets	17.5M	18.9M	19.1M	65.0M	74.8M	78.5M
Common Stock Total Equity	38K	40K	42K	44K	50.6K	26.4K
Common Stock	40K	42K	44K	46K	52.9K	28.3K
Property Plant Equipment	4.7M	4.2M	9.0M	10.7M	12.3M	13.0M
Current Deferred Revenue	8.0M	10.4M	13.4M	17.4M	20.0M	21.0M
Intangible Assets	19.3M	28.7M	75.8M	64.7M	74.4M	78.1M
Net Tangible Assets	28.0M	50.3M	77.3M	101.8M	117.1M	123.0M
Good Will	35.7M	62.7M	120.2M	123.5M	142.1M	149.2M
Short Term Investments	40.0M	149.1M	58.3M	74.7M	85.9M	90.2M
Non Current Liabilities Other	982K	6.8M	1.6M	2.9M	3.3M	2.1M

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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

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Is Mitek Stock a good investment?

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What is Mitek Systems' Net Worth?

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Largest Application Software Companies

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Largest Software - Application Companies

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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.

You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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 Income Quality vs Capex To Revenue Analysis

Income Quality vs Capex To Revenue

Income Quality vs Capex To Revenue Correlation Analysis

Correlation Coefficient

Income Quality

Capex To Revenue

Mitek Systems fundamental ratios Correlations

Mitek Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mitek Systems fundamental ratios Accounts

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

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Non Current Liabilities Total
Other Liab	+ 1.0	Total Liab
Other Current Liab	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Other Assets	+ 0.99	Total Assets

Cash And Short Term Investments	- 0.3	Short Term Debt
Short Term Debt	- 0.3	Net Debt
Short Term Debt	- 0.29	Short Long Term Debt Total
Short Term Debt	- 0.27	Non Current Liabilities Total
Short Term Debt	- 0.24	Total Current Assets
Short Term Debt	- 0.24	Other Current Liab