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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#223
Positioning
Market Dominance
Manufacturing
Computer Hardware
$451M
Scipio M. Carnecchia
Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions. 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.
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Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Get full access to institutional-quality research tools with Blank Capital Pro.
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = MITK ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$UL UNILEVER PLC | 78 | 96 | 98 | 59 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ASML ASML HOLDING NV | 77 | 89 | 86 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ESLT ELBIT SYSTEMS LTD | 76 | 81 | 87 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$MT ArcelorMittal | 75 | 71 | 98 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$AMAT APPLIED MATERIALS INC /DE | 75 | 85 | 87 | 84 | 20.9x | 13.6x | 32.9% | 20.5% | 48.8% | 30.6% | 24.4% | 7.7% | 0.9% | 32.0x | $148.6B | VS | |
$SIMO Silicon Motion Technology CORP | 75 | 84 | 86 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CODA Coda Octopus Group, Inc. | 74 | 83 | 90 | 79 | 16.3x | 11.9x | 7.4% | 7.5% | 68.3% | 19.5% | 18.2% | 29.0% | 0.0% | 0.0x | $84M | VS | |
$GSK GSK plc | 74 | 84 | 90 | 70 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$EFXT Enerflex Ltd. | 74 | 80 | 91 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$BUD Anheuser-Busch InBev SA/NV | 74 | 84 | 97 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$MITK MITEK SYSTEMS INC | 66 | 79 | 89 | 58 | 40.6x | 27.9x | 6.2% | 3.3% | 84.6% | 11.0% | 7.4% | -5.8% | 0.0% | 2.0x | $451M | ||
| SECTOR BENCH | - | - | - | - | - | 22.3x | 11.5x | -1.9% | 0.9% | 44.1% | 2.5% | 1.0% | 6.7% | 0.0% | 0.2x | - | REF |
MITEK SYSTEMS INC (MITK) receives a "Buy" rating with a composite score of 66.3/100. It ranks #223 out of 7,333 stocks in our coverage universe and carries a 4-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Headcount
450
HQ Base
San Diego, California
In-line with peers — no strong momentum signal
Trading at a discount to fundamentals — favorable entry valuation
High profitability & efficiency — strong quality floor supports entry
Average volatility — neutral timing signal
Moderate investment profile
Top-rated overall — multiple factors aligned for strong entry
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Relative valuation derived from Manufacturing sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for MITK.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 79 | 90 | -11DRAG |
| MOMENTUM | 58 | 56 | +2NEUTRAL |
| VALUATION | 89 | 94 | -5NEUTRAL |
| INVESTMENT | 48 | 89 | -41DRAG |
| STABILITY | 58 | 54 | +4NEUTRAL |
| SHORT INT | 52 | 57 | -5NEUTRAL |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROE proxy 6.2% (sector -1.9%)
GM 85% vs sector 44%, OM 11% vs sector 3%
Capital turnover N/A, R&D intensity 16.7%
Rev growth -6%, 10yr history
Interest coverage N/A
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate MITEK SYSTEMS INC (MITK) as a Buy with a composite score of 66.3/100 at a current price of $12.88. The stock scores above average across the majority of our quantitative factors and ranks #223, reflecting a favorable risk-reward profile.
MITEK SYSTEMS INC holds a top-quartile position (#0 of 50) within the Manufacturing sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 66.3/100 places it at rank #223 in our full universe.
Narrow
Low
Standard
Undervalued
Gross margins of 85% signal strong pricing power.
Value factor score of 89 suggests attractive pricing.
Stable competitive position in a defensive sector.
Elevated P/E ratio of 40.6x leaves little room for execution misses.
Vulnerability to macroeconomic shocks and interest rate volatility.
MITEK SYSTEMS INC represents a buy based on multi-factor quantitative performance.
MITEK SYSTEMS INC receives a Buy rating with a composite score of 66.3/100 and 4 out of 5 stars, ranking #223 of 7,333 stocks in our universe. MITK displays a favorable combination of factors that positions it above the majority of the market. While not without risk, the quantitative profile supports a constructive outlook.
MITK earns a quality score of 79/100, indicating above-average business quality. The company reports a return on equity of 6.2% (sector avg: -1.9%), gross margins of 84.6% (sector avg: 44.1%), net margins of 7.4% (sector avg: 1.0%). Companies in this tier generally demonstrate consistent profitability and efficient capital deployment, though they may face some competitive pressure.
MITK carries a solid value score of 89/100, pointing to an attractively priced stock relative to peers. Key valuation metrics include a P/E ratio of 40.62x, an EV/EBITDA of 27.88x, a P/B ratio of 2.53x. This score suggests reasonable compensation for the risks involved, with potential upside if the market recognizes the stock's underlying worth.
With an investment score of 48/100, MITK exhibits moderate growth-oriented spending. Key growth metrics include revenue growth of -5.8% vs. a sector average of 6.7% and a return on assets of 3.3% (sector: 0.9%). The company appears to be balancing growth investments with capital returns, though the pace of investment may not be enough to accelerate top-line growth meaningfully.
MITK demonstrates moderate momentum with a score of 58/100, suggesting a neutral price trend without strong directional conviction. Revenue growth stands at -5.8% year-over-year, while a beta of 1.12 reflects its sensitivity to broader market moves. Moderate momentum may indicate the stock is consolidating or transitioning between trends, warranting close monitoring of upcoming catalysts.
With a stability score of 58/100, MITK exhibits average financial resilience. Key stability metrics include a beta of 1.12 and a debt-to-equity ratio of 2.00x (sector avg: 0.2x). While the balance sheet is not a major concern, the stock is subject to typical market volatility and may experience sharper drawdowns during risk-off episodes.
The short interest score of 52/100 for MITK suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include small-cap liquidity risk. With a $451M market cap (small-cap), MITEK SYSTEMS INC may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.
MITEK SYSTEMS INC is a small-cap company in the Manufacturing sector, ranked #0 of 50 in its sector (100th percentile) and #223 of 7,333 overall (97th percentile). Key comparisons include ROE of 6.2% exceeding the -1.9% sector median and operating margins of 11.0% above the 2.5% sector average. This top-quartile standing reflects exceptional competitive strength relative to Manufacturing peers.
Quant Factor Profile
Key factor gap
Value (89) vs Investment (48) — closing this gap could shift the rating.
EV/EBITDA 143% ABOVE SECTOR MEDIAN
ROE 427% BELOW SECTOR MEDIAN
Gross Margin 92% ABOVE SECTOR MEDIAN (FAVORABLE)
Above 50MA
37.18%
Net New Highs
+51081
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SAN DIEGO & BARCELONA, Spain, February 12, 2026--Mitek Systems (NASDAQ: MITK), a global leader in digital identity verification and fraud prevention, today announced enhancements to its SEPBLAC-compliant digital onboarding capabilities for the Spanish market, designed to help regulated entities defend against a rapidly escalating wave of AI-driven identity fraud. The enhancements strengthen Mitek’s unassisted video verification solution, used across Spain for SEPBLAC‑compliant remote identity ve
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