Mitek Systems, Inc.

Mitek Systems, Inc.

MITKยทNASDAQ

$17.57

-7.9%
TechnologySoftware - Application

Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and web browsers to facilitate digital consumer experiences. It offers Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications. The company also provides Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion; and MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. In addition, it offers CheckReader that enables financial institutions to automatically extract data from checks; Check Fraud Defender, an AI-powered and cloud-hosted model for fighting check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. Further, the company provides ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents; IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice that helps stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California.

At a Glance

Live Snapshot
Market Cap$793.44M
EPS0.1900
P/E Ratio50.78
Earnings Date07/23/2026
Mitek Systems, Inc.

Mitek Systems, Inc. Fair Value Envelope

MITK ยท NASDAQ

Our analysis suggests that MITK has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $17.57, this represents a potential HIDDEN relative to our calculated worth for Mitek Systems, Inc..

Intrinsic Value
Current Price: $17.57

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$169.3B
+ Cash & Equivalents$154.2M
Firm Value$169.4B
- Debt$155.2M
Equity Value$169.3B
/ Shares Outstanding45,647,049B
DCF Value$3.7K
UNDERVALUED BY 21007%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$99.1M
$177.6M
$318.1M
$569.7M
$1.0B
$1.8B
$3.3B
$5.9B
$10.5B
$18.8B
Maintenance CapEx
-$413.8K
-$741.2K
-$1.3M
-$2.4M
-$4.3M
-$7.6M
-$13.7M
-$24.5M
-$43.9M
-$78.6M
Owner Earnings
$98.7M
$176.8M
$316.7M
$567.3M
$1.0B
$1.8B
$3.3B
$5.8B
$10.5B
$18.7B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$91.4M
$151.6M
$251.4M
$417.0M
$691.6M
$1.1B
$1.9B
$3.2B
$5.2B
$8.7B
Terminal Value represents 87.2% of Enterprise Value