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MARA HOLDINGS INC (MARA) Stock Fundamental Analysis

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

14.48  +0.43 (+3.06%)

After market: 14.5099 +0.03 (+0.21%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to MARA. MARA was compared to 281 industry peers in the Software industry. MARA may be in some trouble as it scores bad on both profitability and health. While showing a medium growth rate, MARA is valued expensive at the moment.


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 multiple years MARA reported negative net income over the last 5 years.
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 2024 0 500M -500M

1.2 Ratios

With an excellent Return On Assets value of 12.92%, MARA belongs to the best of the industry, outperforming 88.30% of the companies in the same industry.
MARA has a better Return On Equity (21.27%) than 86.52% of its industry peers.
Industry RankSector Rank
ROA 12.92%
ROE 21.27%
ROIC N/A
ROA(3y)-12.16%
ROA(5y)-8.47%
ROE(3y)-49.6%
ROE(5y)-31.52%
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

The Profit Margin of MARA (106.92%) is better than 98.94% of its industry peers.
The Operating Margin and Gross Margin are not available for MARA so they could not be analyzed.
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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3

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
MARA has a worse debt/assets ratio than last year.
MARA Yearly Shares OutstandingMARA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
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 2024 2B 4B 6B

2.2 Solvency

MARA has an Altman-Z score of 1.04. This is a bad value and indicates that MARA is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.04, MARA is doing worse than 61.35% of the companies in the same industry.
MARA has a Debt/Equity ratio of 0.59. This is a neutral value indicating MARA is somewhat dependend on debt financing.
The Debt to Equity ratio of MARA (0.59) is worse than 67.02% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.59
Debt/FCF N/A
Altman-Z 1.04
ROIC/WACCN/A
WACC9.54%
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 1B 2B 3B 4B

2.3 Liquidity

A Current Ratio of 4.94 indicates that MARA has no problem at all paying its short term obligations.
MARA has a Current ratio of 4.94. This is amongst the best in the industry. MARA outperforms 85.11% of its industry peers.
A Quick Ratio of 4.94 indicates that MARA has no problem at all paying its short term obligations.
MARA has a better Quick ratio (4.94) than 85.11% 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 2024 200M 400M 600M 800M 1B

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5

3. Growth

3.1 Past

MARA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.64%, which is quite good.
The Revenue has grown by 112.02% in the past year. This is a very strong growth!
Measured over the past years, MARA shows a very strong growth in Revenue. The Revenue has been growing by 252.85% on average per year.
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 Year51.65%
Revenue Next 2Y33.88%
Revenue Next 3Y25.61%
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

MARA is valuated correctly with a Price/Earnings ratio of 15.91.
83.33% of the companies in the same industry are more expensive than MARA, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 28.22, MARA is valued a bit cheaper.
With a Price/Forward Earnings ratio of 43.44, MARA can be considered very expensive at the moment.
MARA's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of MARA to the average of the S&P500 Index (20.86), we can say MARA is valued expensively.
Industry RankSector Rank
PE 15.91
Fwd PE 43.44
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

MARA's earnings are expected to decrease with -33.38% in the coming years. This may justify a cheaper valuation.
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

MARA does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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MARA HOLDINGS INC

NASDAQ:MARA (5/2/2025, 8:07:52 PM)

After market: 14.5099 +0.03 (+0.21%)

14.48

+0.43 (+3.06%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-26 2025-02-26/amc
Earnings (Next)05-08 2025-05-08/amc
Inst Owners61.19%
Inst Owner Change-0.27%
Ins Owners0.36%
Ins Owner Change0.32%
Market Cap5.01B
Analysts73.33
Price Target22.49 (55.32%)
Short Float %26.75%
Short Ratio2.33
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)-8.66%
PT rev (3m)-20.12%
EPS NQ rev (1m)137.79%
EPS NQ rev (3m)-32.71%
EPS NY rev (1m)223.29%
EPS NY rev (3m)-34.6%
Revenue NQ rev (1m)2.33%
Revenue NQ rev (3m)2.55%
Revenue NY rev (1m)-2.14%
Revenue NY rev (3m)-3.28%
Valuation
Industry RankSector Rank
PE 15.91
Fwd PE 43.44
P/S 6.09
P/FCF N/A
P/OCF N/A
P/B 1.21
P/tB 1.24
EV/EBITDA N/A
EPS(TTM)0.91
EY6.28%
EPS(NY)0.33
Fwd EY2.3%
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)-12.16%
ROA(5y)-8.47%
ROE(3y)-49.6%
ROE(5y)-31.52%
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 1.04
F-Score1
WACC9.54%
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 Year51.65%
Revenue Next 2Y33.88%
Revenue Next 3Y25.61%
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