Mitek Book Value per Share vs Deferred Revenue Analysis

MITK Stock  USD 13.92  0.69  5.22%   
Trend analysis of Mitek Systems balance sheet accounts such as Total Current Liabilities of 48.9 M provides information on Mitek Systems' total assets, liabilities, and equity, which is the actual value of Mitek Systems to its prevalent stockholders. By breaking down trends over time using Mitek Systems balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
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 tightly coupled 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.

About Mitek Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Mitek Systems at a specified time, usually calculated after every quarter, six months, or one year. Mitek Systems Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mitek Systems and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Mitek currently owns. An asset can also be divided into two categories, current and non-current.

Mitek Systems Balance Sheet Chart

Mitek Systems Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Mitek Systems uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Mitek Systems' Property Plant And Equipment Net is quite stable compared to the past year. Net Debt is expected to rise to about 123.3 M this year, although the value of Common Stock Total Equity will most likely fall to about 26.4 K.

Total Assets

Total assets refers to the total amount of Mitek Systems assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Mitek Systems books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Mitek Systems balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Mitek Systems are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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 tightly coupled 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 the value of Issuance Of Capital Stock will most likely fall to about 4.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit124.8M123.9M142.5M149.7M
Total Revenue144.8M143.9M165.5M173.8M

Mitek Systems fundamental ratios Correlations

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0.610.470.540.610.70.640.430.020.590.590.780.510.160.680.690.530.540.630.040.490.610.370.590.520.57
Click cells to compare fundamentals

Mitek Systems Account Relationship Matchups

Mitek Systems fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets135.9M169.2M419.3M360.4M414.5M435.2M
Other Current Liab2.9M10.7M23.6M20.0M23.0M24.2M
Total Current Liabilities20.0M24.4M38.5M40.5M46.6M48.9M
Total Stockholder Equity107.3M132.2M193.3M170.3M195.9M205.7M
Property Plant And Equipment Net4.2M9.0M10.7M8.6M9.9M10.4M
Net Debt(16.1M)(12.8M)99.1M102.1M117.4M123.3M
Retained Earnings(20.8M)(14.0M)(5.6M)(18.0M)(16.2M)(17.0M)
Non Current Assets Total81.8M85.0M215.2M231.3M266.0M279.3M
Net Receivables17.3M20.8M20.7M34.1M39.3M41.2M
Common Stock Shares Outstanding42.5M45.1M44.7M45.8M52.6M55.3M
Liabilities And Stockholders Equity135.9M169.2M419.3M360.4M414.5M435.2M
Non Current Liabilities Total8.5M12.6M187.6M149.6M172.0M180.6M
Other Current Assets2.1M2.0M2.1M2.6M3.0M3.2M
Other Stockholder Equity132.2M146.5M199.8M216.5M249.0M261.4M
Total Liab28.6M36.9M226.0M190.1M218.6M229.5M
Property Plant And Equipment Gross9.0M10.7M8.6M14.7M17.0M17.8M
Total Current Assets54.1M84.1M204.1M129.1M148.5M155.9M
Accumulated Other Comprehensive Income(4.1M)(323K)(943K)(28.2M)(25.4M)(24.1M)
Short Term Debt7.9M1.8M1.9M2.1M2.4M2.7M
Accounts Payable3.6M3.9M2.5M5.0M5.7M6.0M
Cash16.7M20.0M30.3M32.1M36.9M38.7M
Non Currrent Assets Other2.3M5.6M54.5M5.8M6.7M7.1M
Cash And Short Term Investments33.3M60.0M179.4M90.3M103.9M109.1M
Other Liab10.8M8.1M6.6M60.1M69.1M72.5M
Other Assets17.5M18.9M19.1M65.0M74.8M78.5M
Common Stock Total Equity38K40K42K44K50.6K26.4K
Common Stock38K40K42K44K50.6K28.2K
Property Plant Equipment4.7M4.2M9.0M10.7M12.3M13.0M
Current Deferred Revenue5.6M8.0M10.4M13.4M15.4M16.2M
Intangible Assets24.4M19.3M28.7M75.8M87.1M91.5M
Net Tangible Assets28.0M50.3M77.3M101.8M117.1M123.0M
Good Will32.6M35.7M62.7M120.2M138.2M145.1M
Short Term Investments16.5M40.0M149.1M58.3M67.0M37.9M
Non Current Liabilities Other982K6.8M1.6M2.9M3.3M2.1M
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Mitek Systems in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Mitek Systems' short interest history, or implied volatility extrapolated from Mitek Systems options trading.

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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:
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 tightly coupled 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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When running Mitek Systems' price analysis, check to measure Mitek Systems' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mitek Systems is operating at the current time. Most of Mitek Systems' value examination focuses on studying past and present price action to predict the probability of Mitek Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mitek Systems' price. Additionally, you may evaluate how the addition of Mitek Systems to your portfolios can decrease your overall portfolio volatility.
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Is Mitek Systems' industry 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
10.323
Earnings Share
0.17
Revenue Per Share
3.79
Quarterly Revenue Growth
(0.05)
Return On Assets
0.0343
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.