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MARA HOLDINGS INC (MARA) Stock Fundamental Analysis

NASDAQ:MARA - Nasdaq - US5657881067 - Common Stock - Currency: USD

14.13  +0.07 (+0.5%)

Premarket: 13.91 -0.22 (-1.56%)

Fundamental Rating

3

MARA gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 285 industry peers in the Software industry. The financial health of MARA is average, but there are quite some concerns on its profitability. MARA is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year MARA was profitable.
MARA had a negative operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: MARA reported negative net income in multiple years.
In the past 5 years MARA always reported negative operating cash flow.
MARA Yearly Net Income VS EBIT VS OCF VS FCFMARA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M

1.2 Ratios

MARA's Return On Assets of 12.92% is amongst the best of the industry. MARA outperforms 89.12% of its industry peers.
The Return On Equity of MARA (21.27%) is better than 87.37% of its industry peers.
Industry RankSector Rank
ROA 12.92%
ROE 21.27%
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
MARA Yearly ROA, ROE, ROICMARA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 -200 -400

1.3 Margins

Looking at the Profit Margin, with a value of 106.92%, MARA belongs to the top of the industry, outperforming 98.25% of the companies in the same industry.
MARA does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 106.92%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
MARA Yearly Profit, Operating, Gross MarginsMARA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -2K -4K -6K

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4

2. Health

2.1 Basic Checks

MARA does not have a ROIC to compare to the WACC, probably because it is not profitable.
There is no outstanding debt for MARA. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
MARA Yearly Shares OutstandingMARA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M
MARA Yearly Total Debt VS Total AssetsMARA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

MARA has an Altman-Z score of 1.01. This is a bad value and indicates that MARA is not financially healthy and even has some risk of bankruptcy.
MARA has a worse Altman-Z score (1.01) than 60.70% of its industry peers.
MARA has a Debt/Equity ratio of 0.59. This is a neutral value indicating MARA is somewhat dependend on debt financing.
MARA has a worse Debt to Equity ratio (0.59) than 66.32% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.59
Debt/FCF N/A
Altman-Z 1.01
ROIC/WACCN/A
WACC10.91%
MARA Yearly LT Debt VS Equity VS FCFMARA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B 1.5B

2.3 Liquidity

MARA has a Current Ratio of 4.94. This indicates that MARA is financially healthy and has no problem in meeting its short term obligations.
MARA has a better Current ratio (4.94) than 84.21% of its industry peers.
MARA has a Quick Ratio of 4.94. This indicates that MARA is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of MARA (4.94) is better than 84.21% of its industry peers.
Industry RankSector Rank
Current Ratio 4.94
Quick Ratio 4.94
MARA Yearly Current Assets VS Current LiabilitesMARA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 9.64% over the past year.
Looking at the last year, MARA shows a very strong growth in Revenue. The Revenue has grown by 112.02%.
MARA shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 252.85% yearly.
EPS 1Y (TTM)9.64%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%19.7%
Revenue 1Y (TTM)112.02%
Revenue growth 3Y60.35%
Revenue growth 5Y252.85%
Sales Q2Q%36.76%

3.2 Future

MARA is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -33.38% yearly.
Based on estimates for the next years, MARA will show a small growth in Revenue. The Revenue will grow by 6.26% on average per year.
EPS Next Y-63.37%
EPS Next 2Y-38.96%
EPS Next 3Y-33.38%
EPS Next 5YN/A
Revenue Next Year51.3%
Revenue Next 2Y33.77%
Revenue Next 3Y24.7%
Revenue Next 5Y6.26%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
MARA Yearly Revenue VS EstimatesMARA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M 800M 1B
MARA Yearly EPS VS EstimatesMARA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2020 2021 2022 2023 2024 2025 2026 2027 0 -10 -20 -30

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2

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 15.53 indicates a correct valuation of MARA.
MARA's Price/Earnings ratio is rather cheap when compared to the industry. MARA is cheaper than 81.75% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.64. MARA is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 42.39, which means the current valuation is very expensive for MARA.
MARA's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.44, MARA is valued quite expensively.
Industry RankSector Rank
PE 15.53
Fwd PE 42.39
MARA Price Earnings VS Forward Price EarningsMARA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
MARA Per share dataMARA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

A cheap valuation may be justified as MARA's earnings are expected to decrease with -33.38% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-38.96%
EPS Next 3Y-33.38%

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0

5. Dividend

5.1 Amount

No dividends for MARA!.
Industry RankSector Rank
Dividend Yield N/A

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MARA HOLDINGS INC

NASDAQ:MARA (4/23/2025, 8:19:42 PM)

Premarket: 13.91 -0.22 (-1.56%)

14.13

+0.07 (+0.5%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-26 2025-02-26/amc
Earnings (Next)05-07 2025-05-07/bmo
Inst Owners61.19%
Inst Owner Change-0.26%
Ins Owners0.36%
Ins Owner Change0.32%
Market Cap4.89B
Analysts73.33
Price Target23.55 (66.67%)
Short Float %24.72%
Short Ratio2.16
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-24.06%
Min EPS beat(2)-61.41%
Max EPS beat(2)13.29%
EPS beat(4)2
Avg EPS beat(4)61.9%
Min EPS beat(4)-176.7%
Max EPS beat(4)472.43%
EPS beat(8)5
Avg EPS beat(8)322.73%
EPS beat(12)5
Avg EPS beat(12)118.56%
EPS beat(16)6
Avg EPS beat(16)40.09%
Revenue beat(2)1
Avg Revenue beat(2)-1.07%
Min Revenue beat(2)-14.9%
Max Revenue beat(2)12.77%
Revenue beat(4)1
Avg Revenue beat(4)-4.67%
Min Revenue beat(4)-14.9%
Max Revenue beat(4)12.77%
Revenue beat(8)3
Avg Revenue beat(8)-3.39%
Revenue beat(12)3
Avg Revenue beat(12)-10.96%
Revenue beat(16)4
Avg Revenue beat(16)-11.35%
PT rev (1m)-8.19%
PT rev (3m)-12.86%
EPS NQ rev (1m)30.49%
EPS NQ rev (3m)72%
EPS NY rev (1m)-4.2%
EPS NY rev (3m)255.25%
Revenue NQ rev (1m)2.08%
Revenue NQ rev (3m)10.05%
Revenue NY rev (1m)-4.71%
Revenue NY rev (3m)-3.78%
Valuation
Industry RankSector Rank
PE 15.53
Fwd PE 42.39
P/S 5.95
P/FCF N/A
P/OCF N/A
P/B 1.18
P/tB 1.21
EV/EBITDA N/A
EPS(TTM)0.91
EY6.44%
EPS(NY)0.33
Fwd EY2.36%
FCF(TTM)-2.69
FCFYN/A
OCF(TTM)-1.96
OCFYN/A
SpS2.38
BVpS11.94
TBVpS11.69
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 12.92%
ROE 21.27%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 106.92%
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score1
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 0.59
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 59.41%
Cap/Sales 30.85%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 4.94
Quick Ratio 4.94
Altman-Z 1.01
F-Score1
WACC10.91%
ROIC/WACCN/A
Cap/Depr(3y)247.24%
Cap/Depr(5y)1644.95%
Cap/Sales(3y)163.79%
Cap/Sales(5y)566.38%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)9.64%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%19.7%
EPS Next Y-63.37%
EPS Next 2Y-38.96%
EPS Next 3Y-33.38%
EPS Next 5YN/A
Revenue 1Y (TTM)112.02%
Revenue growth 3Y60.35%
Revenue growth 5Y252.85%
Sales Q2Q%36.76%
Revenue Next Year51.3%
Revenue Next 2Y33.77%
Revenue Next 3Y24.7%
Revenue Next 5Y6.26%
EBIT growth 1Y-396.82%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year95.08%
EBIT Next 3Y37.51%
EBIT Next 5Y0.13%
FCF growth 1Y-171.07%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-114.48%
OCF growth 3YN/A
OCF growth 5YN/A