MARA Holdings, Inc.

XTRA:M44A Stock Report

Market Cap: €2.9b

MARA Holdings Valuation

Is M44A undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of M44A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: Insufficient data to calculate M44A's future cash flow value for valuation analysis.

Significantly Below Future Cash Flow Value: Insufficient data to calculate M44A's future cash flow value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for M44A?

Key metric: As M44A is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for M44A. This is calculated by dividing M44A's market cap by their current revenue.
What is M44A's PS Ratio?
PS Ratio3.4x
SalesUS$907.09m
Market CapUS$3.33b

Price to Sales Ratio vs Peers

How does M44A's PS Ratio compare to its peers?

The above table shows the PS ratio for M44A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.8x
AOF ATOSS Software
7.7x12.09%€1.5b
1INN innoscripta
7.6x22.82%€784.0m
NEM Nemetschek
6.9x12.43%€8.0b
TMV TeamViewer
1x5.05%€721.4m
M44A MARA Holdings
3.7x7.92%€3.3b

Price-To-Sales vs Peers: M44A is good value based on its Price-To-Sales Ratio (3.7x) compared to the peer average (5.8x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does M44A's PS Ratio compare vs other companies in the DE Software Industry?

8 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.2x3.00%US$59.61m
N4G0 NAGA Group
0.6x14.31%US$48.46m
LSX LS telcom
0.5x2.07%US$23.74m
ISHA INTERSHOP Communications
0.5x4.78%US$19.90m
M44A 3.4xIndustry Avg. 1.9xNo. of Companies10PS02.44.87.29.612+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: M44A is expensive based on its Price-To-Sales Ratio (3.7x) compared to the German Software industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

What is M44A's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

M44A PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.4x
Fair PS Ratio3x

Price-To-Sales vs Fair Ratio: M44A is expensive based on its Price-To-Sales Ratio (3.7x) compared to the estimated Fair Price-To-Sales Ratio (3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst M44A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€7.03
€14.23
+102.42%
46.96%€25.77€6.87n/a11
Feb ’27€8.08
€17.74
+119.69%
33.72%€25.76€9.66n/a11
Jan ’27€8.09
€19.14
+136.78%
27.51%€25.62€11.10n/a11
Dec ’26€9.45
€20.11
+112.89%
22.65%€25.87€11.21n/a11
Nov ’26€15.55
€20.82
+33.85%
16.79%€25.87€15.52n/a11
Oct ’26€16.08
€19.73
+22.68%
16.37%€23.88€15.35n/a11
Sep ’26€13.73
€20.43
+48.77%
19.48%€29.10€15.41n/a11
Aug ’26€13.54
€20.41
+50.75%
25.19%€33.68€13.82n/a12
Jul ’26€13.55
€17.26
+27.32%
31.31%€28.84€8.06n/a13
Jun ’26€12.84
€17.85
+39.06%
29.58%€28.19€8.37n/a13
May ’26€11.76
€18.62
+58.39%
29.08%€26.36€11.42n/a13
Apr ’26€10.65
€20.86
+95.86%
23.01%€27.81€12.98n/a13
Mar ’26€13.34
€24.55
+83.95%
29.32%€41.46€13.50€7.7812
Feb ’26€18.18
€26.04
+43.25%
23.85%€43.14€19.17€8.0812
Jan ’26€17.37
€26.14
+50.48%
22.43%€42.20€20.14€8.0912
Dec ’25€28.44
€23.13
-18.67%
31.67%€40.02€11.43€9.4511
Nov ’25€17.27
€18.75
+8.57%
21.84%€24.70€10.98€15.5510
Oct ’25€14.74
€18.37
+24.66%
23.07%€24.26€10.78€16.089
Sep ’25€15.07
€18.71
+24.18%
21.19%€24.12€10.72€13.739
Aug ’25€18.82
€20.67
+9.85%
17.72%€24.80€12.86€13.549
Jul ’25n/a
€21.24
0%
19.07%€24.81€12.86€13.559
Jun ’25n/a
€21.71
0%
16.55%€25.06€15.32€12.849
May ’25n/a
€22.59
0%
24.78%€32.58€13.22€11.7610
Apr ’25n/a
€22.35
0%
25.10%€32.29€13.10€10.6510
Mar ’25n/a
€22.68
0%
26.09%€32.30€13.10€13.349
€14.54
Fair Value
51.7% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/06 16:17
End of Day Share Price 2026/03/06 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MARA Holdings, Inc. is covered by 25 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ramsey El-AssalBarclays
Gautam ChhuganiBernstein
Gregory LewisBTIG