Mitek Enterprise Value vs Cost of Revenue Analysis
MITK Stock | USD 12.94 0.26 2.05% |
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 Enterprise Value and its Cost Of 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 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.
Enterprise Value vs Cost Of Revenue
Enterprise Value vs Cost of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mitek Systems Enterprise Value account and Cost of Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Mitek Systems' Enterprise Value and Cost of Revenue is 0.47. Overlapping area represents the amount of variation of Enterprise Value that can explain the historical movement of Cost of 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' Enterprise Value and Cost of 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 Enterprise Value of Mitek Systems are associated (or correlated) with its Cost of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost of Revenue has no effect on the direction of Enterprise Value i.e., Mitek Systems' Enterprise Value and Cost of Revenue go up and down completely randomly.
Correlation Coefficient | 0.47 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Enterprise Value
Enterprise Value (or EV) is usually referred to as Mitek Systems theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Mitek Systems debt, but would also pocket its cash. Enterprise Value is more accurate representation of Mitek Systems value than its market capitalization because it takes into account all of Mitek Systems existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Cost Of Revenue
Cost of Revenue is found on Mitek Systems income statement and represents the costs associated with goods and services Mitek Systems provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.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 Enterprise Value Multiple will most likely fall to 12.00.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 124.8M | 123.9M | 142.5M | 149.7M | Total Revenue | 144.8M | 143.9M | 165.5M | 173.8M |
Mitek Systems fundamental ratios Correlations
Click cells to compare fundamentals
Mitek Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mitek Systems fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 135.9M | 169.2M | 419.3M | 360.4M | 414.5M | 435.2M | |
Other Current Liab | 2.9M | 10.7M | 23.6M | 20.0M | 23.0M | 24.2M | |
Total Current Liabilities | 20.0M | 24.4M | 38.5M | 40.5M | 46.6M | 48.9M | |
Total Stockholder Equity | 107.3M | 132.2M | 193.3M | 170.3M | 195.9M | 205.7M | |
Property Plant And Equipment Net | 4.2M | 9.0M | 10.7M | 8.6M | 9.9M | 10.4M | |
Net Debt | (16.1M) | (12.8M) | 99.1M | 102.1M | 117.4M | 123.3M | |
Retained Earnings | (20.8M) | (14.0M) | (5.6M) | (18.0M) | (16.2M) | (17.0M) | |
Non Current Assets Total | 81.8M | 85.0M | 215.2M | 231.3M | 266.0M | 279.3M | |
Net Receivables | 17.3M | 20.8M | 20.7M | 34.1M | 39.3M | 41.2M | |
Common Stock Shares Outstanding | 42.5M | 45.1M | 44.7M | 45.8M | 52.6M | 55.3M | |
Liabilities And Stockholders Equity | 135.9M | 169.2M | 419.3M | 360.4M | 414.5M | 435.2M | |
Non Current Liabilities Total | 8.5M | 12.6M | 187.6M | 149.6M | 172.0M | 180.6M | |
Other Current Assets | 2.1M | 2.0M | 2.1M | 2.6M | 3.0M | 3.2M | |
Other Stockholder Equity | 132.2M | 146.5M | 199.8M | 216.5M | 249.0M | 261.4M | |
Total Liab | 28.6M | 36.9M | 226.0M | 190.1M | 218.6M | 229.5M | |
Property Plant And Equipment Gross | 9.0M | 10.7M | 8.6M | 14.7M | 17.0M | 17.8M | |
Total Current Assets | 54.1M | 84.1M | 204.1M | 129.1M | 148.5M | 155.9M | |
Accumulated Other Comprehensive Income | (4.1M) | (323K) | (943K) | (28.2M) | (25.4M) | (24.1M) | |
Short Term Debt | 7.9M | 1.8M | 1.9M | 2.1M | 2.4M | 2.7M | |
Accounts Payable | 3.6M | 3.9M | 2.5M | 5.0M | 5.7M | 6.0M | |
Cash | 16.7M | 20.0M | 30.3M | 32.1M | 36.9M | 38.7M | |
Non Currrent Assets Other | 2.3M | 5.6M | 54.5M | 5.8M | 6.7M | 7.1M | |
Cash And Short Term Investments | 33.3M | 60.0M | 179.4M | 90.3M | 103.9M | 109.1M | |
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 | 38K | 40K | 42K | 44K | 50.6K | 28.2K | |
Property Plant Equipment | 4.7M | 4.2M | 9.0M | 10.7M | 12.3M | 13.0M | |
Current Deferred Revenue | 5.6M | 8.0M | 10.4M | 13.4M | 15.4M | 16.2M | |
Intangible Assets | 24.4M | 19.3M | 28.7M | 75.8M | 87.1M | 91.5M | |
Net Tangible Assets | 28.0M | 50.3M | 77.3M | 101.8M | 117.1M | 123.0M | |
Good Will | 32.6M | 35.7M | 62.7M | 120.2M | 138.2M | 145.1M | |
Short Term Investments | 16.5M | 40.0M | 149.1M | 58.3M | 67.0M | 37.9M | |
Non Current Liabilities Other | 982K | 6.8M | 1.6M | 2.9M | 3.3M | 2.1M |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
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 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Mitek Stock analysis
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.
CEOs Directory Screen CEOs from public companies around the world | |
Bonds Directory Find actively traded corporate debentures issued by US companies | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets |
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 (0.06) | Revenue Per Share 3.57 | Quarterly Revenue Growth (0.19) | Return On Assets 0.0067 |
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.