DB:M44A

Stock Analysis Report

Marathon Patent Group

Executive Summary

Marathon Patent Group, Inc. focuses on mining digital assets.

Snowflake

Fundamentals

Imperfect balance sheet and overvalued.


Similar Companies

Share Price & News

How has Marathon Patent Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: M44A has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-17.8%

M44A

6.2%

DE IT

0.03%

DE Market


1 Year Return

-58.1%

M44A

-0.4%

DE IT

9.9%

DE Market

Return vs Industry: M44A underperformed the German IT industry which returned -0.4% over the past year.

Return vs Market: M44A underperformed the German Market which returned 9.9% over the past year.


Shareholder returns

M44AIndustryMarket
7 Day-17.8%6.2%0.03%
30 Dayn/a11.9%4.6%
90 Dayn/a-2.0%12.1%
1 Year-58.1%-58.1%0.1%-0.4%13.4%9.9%
3 Yearn/a138.5%132.3%25.6%14.6%
5 Yearn/a256.2%241.7%36.9%18.2%

Price Volatility Vs. Market

How volatile is Marathon Patent Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Marathon Patent Group undervalued compared to its fair value and its price relative to the market?

2.52x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate M44A's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate M44A's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: M44A is unprofitable, so we can't compare its PE Ratio to the IT industry average.

PE vs Market: M44A is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate M44A's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: M44A is good value based on its PB Ratio (2.5x) compared to the DE IT industry average (4.1x).


Next Steps

Future Growth

How is Marathon Patent Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.1%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Marathon Patent Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Marathon Patent Group performed over the past 5 years?

-14.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: M44A has large one-off items impacting its financial results.

Growing Profit Margin: M44A's current net profit margins (-561.7%) are higher than last year (-2316.6%).


Past Earnings Growth Analysis

Earnings Trend: M44A is unprofitable, and losses have increased over the past 5 years at a rate of -14.7% per year.

Accelerating Growth: Unable to compare M44A's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: M44A is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (24.3%).


Return on Equity

High ROE: M44A has a negative Return on Equity (-193.72%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Marathon Patent Group's financial position?


Financial Position Analysis

Short Term Liabilities: M44A's short term assets ($1.6M) do not cover its short term liabilities ($4.1M)

Long Term Liabilities: M44A's short term assets ($1.6M) exceeds its long term liabilities (135.0K)


Debt to Equity History and Analysis

Debt Level: M44A's debt to equity ratio (28.6%) is considered satisfactory.

Reducing Debt: M44A's debt to equity ratio has increased from 22.2% to 28.6% over the past 5 years.


Balance Sheet

Inventory Level: M44A has a high level of physical assets or inventory.

Debt Coverage by Assets: M44A's debt is covered by short term assets (assets are 1.6x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: M44A has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: M44A has less than a year of cash runway if free cash flow continues to reduce at historical rates of -30.3% each year


Next Steps

Dividend

What is Marathon Patent Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.3%markettop25%3.7%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate M44A's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate M44A's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if M44A's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if M44A's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of M44A's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of Marathon Patent Group's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Merrick Okamoto (59yo)

1.8yrs

Tenure

US$1,795,566

Compensation

Mr. Merrick D. Okamoto serves the President and Chief Compliance Officer at Viking Asset Management, LLC which he co-founded in 2002 and is responsible for research, due diligence and structuring potential ...


CEO Compensation Analysis

Compensation vs Market: Merrick's total compensation ($USD1.80M) is above average for companies of similar size in the German market ($USD215.84K).

Compensation vs Earnings: Merrick's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

1.8yrs

Average Tenure

59yo

Average Age

Experienced Management: M44A's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

1.6yrs

Average Tenure

68yo

Average Age

Experienced Board: M44A's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$7,09803 Sep 19
First Stage Capital, Inc, Asset Management Arm
EntityCompany
Shares5,000
Max PriceUS$1.42
BuyUS$2,90430 Aug 19
First Stage Capital, Inc, Asset Management Arm
EntityCompany
Shares2,000
Max PriceUS$1.45

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 47.1%.


Management Team

  • David Lieberman (74yo)

    CFO & Director

    • Tenure: 2.3yrs
    • Compensation: US$218.51k
  • Merrick Okamoto (59yo)

    Executive Chairman of the Board & CEO

    • Tenure: 1.8yrs
    • Compensation: US$1.80m
  • Jim Crawford (44yo)

    Chief Operating Officer

    • Tenure: 6.7yrs
    • Compensation: US$140.28k

Board Members

  • Fred Thiel (58yo)

    Independent Director

    • Tenure: 1.6yrs
    • Compensation: US$13.07k
  • David Lieberman (74yo)

    CFO & Director

    • Tenure: 2.3yrs
    • Compensation: US$218.51k
  • Merrick Okamoto (59yo)

    Executive Chairman of the Board & CEO

    • Tenure: 1.8yrs
    • Compensation: US$1.80m
  • S. Rudolph (68yo)

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: US$7.50k
  • Michael Berg (70yo)

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: US$7.50k

Company Information

Marathon Patent Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Marathon Patent Group, Inc.
  • Ticker: M44A
  • Exchange: DB
  • Founded: 2010
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: US$8.953m
  • Listing Market Cap: US$8.104m
  • Shares outstanding: 7.85m
  • Website: https://www.marathonpg.com

Number of Employees


Location

  • Marathon Patent Group, Inc.
  • 1180 North Town Center Drive
  • Suite 100
  • Las Vegas
  • Nevada
  • 89144
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MARANasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJan 2012
M44ADB (Deutsche Boerse AG)YesCommon StockDEEURJan 2012
0YJCLSE (London Stock Exchange)YesCommon StockGBUSDJan 2012

Biography

Marathon Patent Group, Inc. focuses on mining digital assets. It owns cryptocurrency mining machines and a data center to mine digital assets. The company was formerly known as American Strategic Minerals  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/17 22:16
End of Day Share Price2019/11/15 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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 here.