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MARA HOLDINGS INC (MARA) Stock Fundamental Analysis

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

13.92  +0.79 (+6.02%)

After market: 14.0099 +0.09 (+0.65%)

Fundamental Rating

3

Overall MARA gets a fundamental rating of 3 out of 10. We evaluated MARA against 283 industry peers in the Software industry. The financial health of MARA is average, but there are quite some concerns on its profitability. MARA has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

MARA had positive earnings in the past year.
MARA had a negative operating cash flow in the past year.
In the past 5 years MARA reported 4 times negative net income.
MARA had a negative operating cash flow in each of the past 5 years.
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

MARA has a better Return On Assets (16.01%) than 92.36% of its industry peers.
MARA has a better Return On Equity (20.08%) than 87.64% 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

With an excellent Profit Margin value of 75.04%, MARA belongs to the best of the industry, outperforming 97.45% 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) 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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5

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 no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the 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 3.34. This indicates that MARA is financially healthy and has little risk of bankruptcy at the moment.
MARA has a Altman-Z score of 3.34. This is comparable to the rest of the industry: MARA outperforms 56.73% of its industry peers.
A Debt/Equity ratio of 0.22 indicates that MARA is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.22, MARA is in line with its industry, outperforming 41.82% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF N/A
Altman-Z 3.34
ROIC/WACCN/A
WACC13.29%
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.
With an excellent Current ratio value of 4.00, MARA belongs to the best of the industry, outperforming 82.91% of the companies in the same industry.
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.
The Quick ratio of MARA (4.00) is better than 83.27% 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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3

3. Growth

3.1 Past

MARA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 63.86%, which is quite impressive.
EPS 1Y (TTM)63.86%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%87.88%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%36.76%

3.2 Future

Based on estimates for the next years, MARA will show a very negative growth in Earnings Per Share. The EPS will decrease by -68.36% on average per year.
The Revenue is expected to grow by 32.91% on average over the next years. This is a very strong growth
EPS Next Y-74.41%
EPS Next 2Y-68.36%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year58.02%
Revenue Next 2Y32.91%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

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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3

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 10.24 indicates a reasonable valuation of MARA.
91.64% of the companies in the same industry are more expensive than MARA, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of MARA to the average of the S&P500 Index (29.43), we can say MARA is valued rather cheaply.
The Price/Forward Earnings ratio is 40.00, which means the current valuation is very expensive for MARA.
62.18% of the companies in the same industry are more expensive than MARA, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of MARA to the average of the S&P500 Index (22.67), we can say MARA is valued expensively.
Industry RankSector Rank
PE 10.24
Fwd PE 40
MARA Price Earnings VS Forward Price EarningsMARA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

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 -68.36% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-68.36%
EPS Next 3YN/A

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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 (2/28/2025, 8:00:20 PM)

After market: 14.0099 +0.09 (+0.65%)

13.92

+0.79 (+6.02%)

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 Change24.61%
Ins Owners0.36%
Ins Owner Change-5.23%
Market Cap4.72B
Analysts73.68
Price Target27.85 (100.07%)
Short Float %23.18%
Short Ratio1.89
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)-168.46%
Min EPS beat(2)-176.7%
Max EPS beat(2)-160.23%
EPS beat(4)2
Avg EPS beat(4)521.27%
Min EPS beat(4)-176.7%
Max EPS beat(4)1949.6%
EPS beat(8)4
Avg EPS beat(8)281.12%
EPS beat(12)4
Avg EPS beat(12)103.3%
EPS beat(16)5
Avg EPS beat(16)-9.69%
Revenue beat(2)0
Avg Revenue beat(2)-18.47%
Min Revenue beat(2)-30.76%
Max Revenue beat(2)-6.18%
Revenue beat(4)1
Avg Revenue beat(4)-10.16%
Min Revenue beat(4)-30.76%
Max Revenue beat(4)6.67%
Revenue beat(8)2
Avg Revenue beat(8)-9.71%
Revenue beat(12)3
Avg Revenue beat(12)-12.38%
Revenue beat(16)3
Avg Revenue beat(16)-13.17%
PT rev (1m)3.02%
PT rev (3m)16.17%
EPS NQ rev (1m)979.49%
EPS NQ rev (3m)1596.91%
EPS NY rev (1m)136.05%
EPS NY rev (3m)319.68%
Revenue NQ rev (1m)6.47%
Revenue NQ rev (3m)5.14%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-3.93%
Valuation
Industry RankSector Rank
PE 10.24
Fwd PE 40
P/S 6.18
P/FCF N/A
P/OCF N/A
P/B 1.65
P/tB 1.68
EV/EBITDA N/A
EPS(TTM)1.36
EY9.77%
EPS(NY)0.35
Fwd EY2.5%
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 3.34
F-Score5
WACC13.29%
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)63.86%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%87.88%
EPS Next Y-74.41%
EPS Next 2Y-68.36%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%36.76%
Revenue Next Year58.02%
Revenue Next 2Y32.91%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-286%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year3235.8%
EBIT Next 3Y186.41%
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