MARATHON DIGITAL HOLDINGS IN (MARA)
US5657881067 - Common Stock
Taking everything into account, MARA scores 4 out of 10 in our fundamental rating. MARA was compared to 276 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.
1. Profitability
1.1 Basic Checks
In the past year MARA was profitable.
In the past year MARA has reported a negative cash flow from operations.
MARA had negative earnings in 4 of the past 5 years.
MARA had a negative operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of MARA (13.01%) is better than 93.43% of its industry peers.
Looking at the Return On Equity, with a value of 16.03%, MARA belongs to the top of the industry, outperforming 88.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.01% | ||
| ROE | 16.03% | ||
| 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
1.3 Margins
MARA has a better Profit Margin (66.85%) than 98.91% of its industry peers.
MARA does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 66.85% | ||
| 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
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.
The number of shares outstanding for MARA has been increased compared to 5 years ago.
MARA has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 8.54 indicates that MARA is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 8.54, MARA belongs to the best of the industry, outperforming 84.31% of the companies in the same industry.
MARA has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
MARA has a Debt to Equity ratio (0.20) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 8.54 |
ROIC/WACCN/A
WACC9.49%
2.3 Liquidity
A Current Ratio of 30.51 indicates that MARA has no problem at all paying its short term obligations.
MARA has a Current ratio of 30.51. This is amongst the best in the industry. MARA outperforms 99.27% of its industry peers.
A Quick Ratio of 30.51 indicates that MARA has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 30.51, MARA belongs to the top of the industry, outperforming 99.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 30.51 | ||
| Quick Ratio | 30.51 |
3. Growth
3.1 Past
MARA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 123.12%, which is quite impressive.
The Revenue has grown by 229.09% in the past year. This is a very strong growth!
MARA shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 199.80% yearly.
EPS 1Y (TTM)123.12%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q224.53%
Revenue 1Y (TTM)229.09%
Revenue growth 3Y344.91%
Revenue growth 5Y199.8%
Revenue growth Q2Q451.61%
3.2 Future
Based on estimates for the next years, MARA will show a small growth in Earnings Per Share. The EPS will grow by 5.11% on average per year.
The Revenue is expected to grow by 29.90% on average over the next years. This is a very strong growth
EPS Next Y-20.19%
EPS Next 2Y-29.96%
EPS Next 3Y5.11%
EPS Next 5YN/A
Revenue Next Year102.41%
Revenue Next 2Y63.64%
Revenue Next 3Y29.9%
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 23.00 indicates a rather expensive valuation of MARA.
Compared to the rest of the industry, the Price/Earnings ratio of MARA indicates a rather cheap valuation: MARA is cheaper than 82.12% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of MARA to the average of the S&P500 Index (25.25), we can say MARA is valued inline with the index average.
With a Price/Forward Earnings ratio of 28.82, MARA can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, MARA is valued a bit cheaper than the industry average as 72.63% of the companies are valued more expensively.
MARA is valuated rather expensively when we compare the Price/Forward Earnings ratio to 21.67, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23 | ||
| Fwd PE | 28.82 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MARA is valued a bit cheaper than the industry average as 67.15% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 56.45 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-29.96%
EPS Next 3Y5.11%
5. Dividend
5.1 Amount
MARA does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
MARATHON DIGITAL HOLDINGS IN
NASDAQ:MARA (4/24/2024, 7:15:20 PM)
After market: 18.74 -0.35 (-1.83%)19.09
-0.35 (-1.8%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.11B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23 | ||
| Fwd PE | 28.82 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.01% | ||
| ROE | 16.03% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 66.85% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 30.51 | ||
| Quick Ratio | 30.51 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)123.12%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y-20.19%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)229.09%
Revenue growth 3Y344.91%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y