Mitek Systems, Inc. (MITK) vs VTEX (VTEX)

Mitek Systems, Inc. and VTEX are both Software Application companies. Mitek Systems, Inc. and VTEX are of similar size ($761.7M and $714.8M). VTEX trades at the lower P/E: 24.6× against 32.2×. Mitek Systems, Inc. grew revenue faster over the last twelve months: 11.1% against 9.63%. VTEX has the higher net margin (12.0% vs 11.4%) and the higher return on invested capital (44.9% vs 11.0%). Across the 22 metrics below, VTEX leads on 12 and Mitek Systems, Inc. on 10.

Valuation

Metric MITK VTEX Software Application median
P/E 32.22 24.65 25.41
P/S 3.68 2.78 2.73
P/B 2.91 3.13 2.57
Price to free cash flow 14.97 16.04 17.58
EV/EBITDA 11.85 15.17 15.36
EV/Sales 3.42 2.06 2.59
Earnings yield 3.10% 4.06% 0.00%
Free cash flow yield 6.68% 6.23% 2.24%

Profitability

Metric MITK VTEX Software Application median
Gross margin 83.61% 79.26% 67.03%
Operating margin 17.80% 12.23% 0.00%
Net margin 11.39% 11.98% 0.00%
Free cash flow margin 24.56% 17.32% 5.01%
Return on equity 9.23% 12.76% 0.00%
Return on assets 5.53% 8.57% 0.00%
Return on invested capital 11.00% 44.94% 0.00%

Growth

Metric MITK VTEX Software Application median
Revenue growth (TTM) 11.10% 9.63% 12.48%
EPS growth (last fiscal year) 171.43% 33.82% 32.26%
Revenue growth, 5-year CAGR 12.14% 19.51% 14.21%
Net income growth, 5-year CAGR 2.40% 0.00% 0.00%

Health

Metric MITK VTEX Software Application median
Debt to equity 0.20 0.02 0.02
Current ratio 2.74 2.91 1.52
Net debt to EBITDA (4.63) (8.93) 0.08

Dividend

Metric MITK VTEX Software Application median
Dividend yield — — 0.95%
Payout ratio — — 0.29

Size

Metric MITK VTEX Software Application median
Market cap 761.66m 714.75m 357.77m

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