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MARA HOLDINGS INC (MARA) Stock Fundamental Analysis

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

17.905  -0.36 (-1.94%)

Fundamental Rating

4

Overall MARA gets a fundamental rating of 4 out of 10. We evaluated MARA against 286 industry peers in the Software industry. While MARA seems to be doing ok healthwise, there are quite some concerns on its profitability. MARA shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

MARA had positive earnings in the past year.
In the past year MARA has reported a negative cash flow from operations.
In the past 5 years MARA reported 4 times negative net income.
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 0 200M -200M -400M -600M

1.2 Ratios

With an excellent Return On Assets value of 16.01%, MARA belongs to the best of the industry, outperforming 92.47% of the companies in the same industry.
MARA's Return On Equity of 20.08% is amongst the best of the industry. MARA outperforms 87.46% of its industry peers.
Industry RankSector Rank
ROA 16.01%
ROE 20.08%
ROIC N/A
ROA(3y)-15.67%
ROA(5y)-20.67%
ROE(3y)-55.79%
ROE(5y)-53.58%
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 0 200 -200 -400

1.3 Margins

MARA's Profit Margin of 75.04% is amongst the best of the industry. MARA outperforms 97.49% of its industry peers.
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) 75.04%
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 0 -2K -4K -6K

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6

2. Health

2.1 Basic Checks

MARA does not have a ROIC to compare to the WACC, probably because it is not profitable.
MARA has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, MARA has more shares outstanding
The debt/assets ratio for MARA has been reduced compared to a year ago.
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 4.78. This indicates that MARA is financially healthy and has little risk of bankruptcy at the moment.
MARA has a Altman-Z score of 4.78. This is in the better half of the industry: MARA outperforms 60.57% of its industry peers.
MARA has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
MARA has a Debt to Equity ratio (0.22) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF N/A
Altman-Z 4.78
ROIC/WACCN/A
WACC10.59%
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 0 500M -500M 1B 1.5B

2.3 Liquidity

A Current Ratio of 4.00 indicates that MARA has no problem at all paying its short term obligations.
MARA has a better Current ratio (4.00) than 82.80% of its industry peers.
MARA has a Quick Ratio of 4.00. This indicates that MARA is financially healthy and has no problem in meeting its short term obligations.
MARA has a Quick ratio of 4.00. This is amongst the best in the industry. MARA outperforms 83.15% of its industry peers.
Industry RankSector Rank
Current Ratio 4
Quick Ratio 4
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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7

3. Growth

3.1 Past

MARA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 316.67%, which is quite impressive.
MARA shows a strong growth in Revenue. In the last year, the Revenue has grown by 194.78%.
Measured over the past years, MARA shows a very strong growth in Revenue. The Revenue has been growing by 199.80% on average per year.
EPS 1Y (TTM)316.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-220%
Revenue 1Y (TTM)194.78%
Revenue growth 3Y344.91%
Revenue growth 5Y199.8%
Sales Q2Q%34.54%

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 -31.30% yearly.
The Revenue is expected to grow by 42.85% on average over the next years. This is a very strong growth
EPS Next Y-37.61%
EPS Next 2Y-66.38%
EPS Next 3Y-31.3%
EPS Next 5YN/A
Revenue Next Year70.57%
Revenue Next 2Y63.56%
Revenue Next 3Y42.85%
Revenue Next 5YN/A

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
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 200M 400M 600M 800M 1B
MARA Yearly EPS VS EstimatesMARA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 -10 -20 -30

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1

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 22.96 indicates a rather expensive valuation of MARA.
MARA's Price/Earnings ratio is rather cheap when compared to the industry. MARA is cheaper than 80.29% of the companies in the same industry.
When comparing the Price/Earnings ratio of MARA to the average of the S&P500 Index (28.42), we can say MARA is valued inline with the index average.
The Price/Forward Earnings ratio is 190.80, which means the current valuation is very expensive for MARA.
61.29% of the companies in the same industry are cheaper than MARA, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.39, MARA is valued quite expensively.
Industry RankSector Rank
PE 22.96
Fwd PE 190.8
MARA Price Earnings VS Forward Price EarningsMARA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

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 2 4 6 8

4.3 Compensation for Growth

A cheap valuation may be justified as MARA's earnings are expected to decrease with -31.30% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-66.38%
EPS Next 3Y-31.3%

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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 (1/29/2025, 2:36:10 PM)

17.905

-0.36 (-1.94%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-12 2024-11-12/amc
Earnings (Next)N/A N/A
Inst Owners56.71%
Inst Owner Change0.02%
Ins Owners1.82%
Ins Owner Change-2.96%
Market Cap6.08B
Analysts73.68
Price Target27.03 (50.96%)
Short Float %26.62%
Short Ratio1.34
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)0
Avg EPS beat(2)-227.51%
Min EPS beat(2)-393.62%
Max EPS beat(2)-61.41%
EPS beat(4)2
Avg EPS beat(4)491.75%
Min EPS beat(4)-393.62%
Max EPS beat(4)1949.6%
EPS beat(8)4
Avg EPS beat(8)266.35%
EPS beat(12)4
Avg EPS beat(12)93.46%
EPS beat(16)5
Avg EPS beat(16)-17.07%
Revenue beat(2)0
Avg Revenue beat(2)-12.38%
Min Revenue beat(2)-14.9%
Max Revenue beat(2)-9.85%
Revenue beat(4)1
Avg Revenue beat(4)-7.11%
Min Revenue beat(4)-14.9%
Max Revenue beat(4)6.67%
Revenue beat(8)2
Avg Revenue beat(8)-8.19%
Revenue beat(12)3
Avg Revenue beat(12)-11.37%
Revenue beat(16)3
Avg Revenue beat(16)-12.41%
PT rev (1m)9.59%
PT rev (3m)23.58%
EPS NQ rev (1m)0%
EPS NQ rev (3m)190.85%
EPS NY rev (1m)0%
EPS NY rev (3m)45.66%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-9.46%
Revenue NY rev (1m)-1.43%
Revenue NY rev (3m)-2.19%
Valuation
Industry RankSector Rank
PE 22.96
Fwd PE 190.8
P/S 7.95
P/FCF N/A
P/OCF N/A
P/B 2.13
P/tB 2.16
EV/EBITDA N/A
EPS(TTM)0.78
EY4.36%
EPS(NY)0.09
Fwd EY0.52%
FCF(TTM)-1.53
FCFYN/A
OCF(TTM)-1.34
OCFYN/A
SpS2.25
BVpS8.41
TBVpS8.27
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 16.01%
ROE 20.08%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 75.04%
GM N/A
FCFM N/A
ROA(3y)-15.67%
ROA(5y)-20.67%
ROE(3y)-55.79%
ROE(5y)-53.58%
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-Score5
Asset Turnover0.21
Health
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 18.33%
Cap/Sales 8.65%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 4
Quick Ratio 4
Altman-Z 4.78
F-Score5
WACC10.59%
ROIC/WACCN/A
Cap/Depr(3y)1813.39%
Cap/Depr(5y)1633.27%
Cap/Sales(3y)299.35%
Cap/Sales(5y)558.82%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)316.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-220%
EPS Next Y-37.61%
EPS Next 2Y-66.38%
EPS Next 3Y-31.3%
EPS Next 5YN/A
Revenue 1Y (TTM)194.78%
Revenue growth 3Y344.91%
Revenue growth 5Y199.8%
Sales Q2Q%34.54%
Revenue Next Year70.57%
Revenue Next 2Y63.56%
Revenue Next 3Y42.85%
Revenue Next 5YN/A
EBIT growth 1Y-286%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year3212.61%
EBIT Next 3Y191.28%
EBIT Next 5YN/A
FCF growth 1Y50.25%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-679.36%
OCF growth 3YN/A
OCF growth 5YN/A