NASDAQ · MICT

MICT, Inc.

Technology · Computer Hardware

$0.93▲ 2.90% ($0.03)at close

As of 4:00 PM ET

52-week

$0.41$1.35

Market cap

$118.01M

P/E

1.36

EPS (TTM)

$0.68

Next earnings

Sep 30, 2023

Data caution

Per-share valuation inputs need verification

Event dated Sep 30, 2023

Market-derived shares outstanding and recent statement shares differ materially. Per-share ratios and valuation outputs may be unreliable until the share base is verified. This sometimes appears with ADRs or provider share-count gaps.

What the market price implies · Reverse DCF

To support a price of $0.93, this model requires revenue to grow by -36.51%/yr over the next 10 years, compounded annually.

Historical revenue grew by 79.2%/yr over the past 4 years. The required annual growth rate is 115.71 percentage points lower.

Selected forecast · Base scenario

19.61%/yr · actual 10-year annualized revenue growth

Year 1 growth: 40%

Market-implied · Base operating assumptions + edited margins

-36.51%/yr · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Revenue & margin DCF

Price used

$0.93

Estimated value / share

$22.88

Base scenario

This estimate is 2,370.45% above the price used.

USD · TTM ending 2023-09-30

Latest quarterly growth differs materially from the latest annual pace. It remains an observed growth input; review whether acceleration or a change in the business explains it.

This estimate is at least 3× the price used. Review the growth, margin and investment assumptions behind the gap.

Year 1 growth 40% · Ending margin 20.43% · Discount rate 11.65%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Feb 24, 2023, 9:00 PM UTC
Financial statement period: TTM ending 2023-09-30
Data refreshed: Sep 20, 2026, 12:24 PM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Only 1 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Fundamentals are supporting the moveModerate confidence

Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.

1Y Price: 40.3%Revenue (TTM): 4,835.98%P/S: 2nd pct

What changed

The stock rose 40.3% over the last year. Revenue grew 4,835.98% over the trailing twelve months. Operating margin moved from -83.04% to 20.43%.

What the market seems to be pricing

The stock move broadly lines up with stronger business momentum, and the shares are still only around the 2nd percentile of their historical P/S range.

What would invalidate this read

Operating margin is at 20.43%. Revenue grew 4,835.98% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.

Performance

Return analysis

Company profile

MICT, Inc., through its subsidiaries, operates in the financial technology (FinTech) and insurance industries across China, Singapore, and Hong Kong.

CEODarren Mercer

SectorTechnology

IndustryComputer Hardware

Employees44

IPO dateJun 24, 2004

https://www.mict-inc.com

Market multiples

Forward P/E—

EV/EBITDA-1.96

Enterprise value-$392.07M

Stock splits

Mar 18, 2013↓ Reverse

Every 2 shares became 1

-50%

Profitability & growth

Revenue growth4,161.26%

Gross margin (FY2022)44.37%▲27.8ppvs FY2021

Operating margin (FY2022)50.87%▲118.8ppvs FY2021

ROEN/A

Analyst consensus

RatingBuy

Target price—

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Sep 30, 2023

Q4 FY23 · EPS est — · Revenue est —

View

NASDAQ · MICT

MICT, Inc.

Technology · Computer Hardware

$0.93▲ 2.90% ($0.03)at close

As of 4:00 PM ET

52-week

$0.41$1.35

Market cap

$118.01M

P/E

1.36

EPS (TTM)

$0.68

Next earnings

Sep 30, 2023

Data caution

Per-share valuation inputs need verification

Event dated Sep 30, 2023

What the market price implies · Reverse DCF

To support a price of $0.93, this model requires revenue to grow by -36.51%/yr over the next 10 years, compounded annually.

Historical revenue grew by 79.2%/yr over the past 4 years. The required annual growth rate is 115.71 percentage points lower.

Selected forecast · Base scenario

19.61%/yr · actual 10-year annualized revenue growth

Year 1 growth: 40%

Market-implied · Base operating assumptions + edited margins

-36.51%/yr · flat 10-year annualized revenue growth

Valuation

Recommended · Revenue & margin DCF

Price used

$0.93

Estimated value / share

$22.88

Base scenario

This estimate is 2,370.45% above the price used.

USD · TTM ending 2023-09-30

Latest quarterly growth differs materially from the latest annual pace. It remains an observed growth input; review whether acceleration or a change in the business explains it.

This estimate is at least 3× the price used. Review the growth, margin and investment assumptions behind the gap.

Year 1 growth 40% · Ending margin 20.43% · Discount rate 11.65%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Feb 24, 2023, 9:00 PM UTC
Financial statement period: TTM ending 2023-09-30
Data refreshed: Sep 20, 2026, 12:24 PM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Only 1 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Fundamentals are supporting the moveModerate confidence

Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.

1Y Price: 40.3%Revenue (TTM): 4,835.98%P/S: 2nd pct

What changed

The stock rose 40.3% over the last year. Revenue grew 4,835.98% over the trailing twelve months. Operating margin moved from -83.04% to 20.43%.

What the market seems to be pricing

The stock move broadly lines up with stronger business momentum, and the shares are still only around the 2nd percentile of their historical P/S range.

What would invalidate this read

Performance

Return analysis

Company profile

MICT, Inc., through its subsidiaries, operates in the financial technology (FinTech) and insurance industries across China, Singapore, and Hong Kong.

CEODarren Mercer

SectorTechnology

IndustryComputer Hardware

Employees44

IPO dateJun 24, 2004

https://www.mict-inc.com

Market multiples

Forward P/E—

EV/EBITDA-1.96

Enterprise value-$392.07M

Stock splits

Mar 18, 2013↓ Reverse

Every 2 shares became 1

-50%

Profitability & growth

Revenue growth4,161.26%

Gross margin (FY2022)44.37%▲27.8ppvs FY2021

Operating margin (FY2022)50.87%▲118.8ppvs FY2021

ROEN/A

Analyst consensus

RatingBuy

Target price—

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Sep 30, 2023

Q4 FY23 · EPS est — · Revenue est —

View