How does 1MARA's PE Ratio compare to its peers?

1MARA is expensive based on its Price-To-Earnings Ratio (39x) compared to the peer average (23.1x).

How does 1MARA's PE Ratio compare vs other companies in the European Software Industry?

1MARA is expensive based on its Price-To-Earnings Ratio (39x) compared to the European Software industry average (26.2x).

What is 1MARA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate 1MARA's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of 1MARA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

1MARA (€20.38) is trading below our estimate of [[fair value]] (€26.88)

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

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

1MARA Stock Overview

Operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. More details

1MARA fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	2/6
Financial Health	3/6
Dividends	0/6

Rewards

Trading at 24.2% below our estimate of its fair value

Revenue is forecast to grow 26.8% per year

Became profitable this year

Risk Analysis

High level of non-cash earnings

Shares are highly illiquid

Shareholders have been diluted in the past year

My Notes

Capture your thoughts, links and company narrative

MARA Holdings, Inc. Competitors

TXT e-solutions

BIT:TXT

€426.6m

SYS-DAT

BIT:SYS

€162.4m

Almawave

BIT:AIW

€86.9m

BIT:REY

€5.8b

Price History & Performance

Summary of share price highs, lows and changes for MARA Holdings
Historical stock prices
Current Share Price	US$20.38
52 Week High	US$0
52 Week Low	US$0
Beta	5.7
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	0%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	1MARA	IT Software	IT Market
7D	n/a	-1.4%	-2.8%
1Y	n/a	1.6%	8.5%

Return vs Industry: Insufficient data to determine how 1MARA performed against the Italian Software industry.

Return vs Market: Insufficient data to determine how 1MARA performed against the Italian Market.

Price Volatility

Is 1MARA's price volatile compared to industry and market?
1MARA volatility
1MARA Average Weekly Movement	n/a
Software Industry Average Movement	5.9%
Market Average Movement	4.3%
10% most volatile stocks in IT Market	7.8%
10% least volatile stocks in IT Market	2.5%

Stable Share Price: 1MARA's share price has been volatile over the past 3 months compared to the Italian market.

Volatility Over Time: Insufficient data to determine 1MARA's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2010	130	Fred Thiel	www.mara.com

MARA Holdings, Inc. operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Digital Holdings, Inc. and changed its name to MARA Holdings, Inc. in August 2024. MARA Holdings, Inc. was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.

MARA Holdings, Inc. Fundamentals Summary

How do MARA Holdings's earnings and revenue compare to its market cap?
1MARA fundamental statistics
Market cap	€6.16b
Earnings (TTM)	€157.71m
Revenue (TTM)	€573.84m

39.0x

P/E Ratio

10.7x

P/S Ratio

Is 1MARA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1MARA income statement (TTM)
Revenue	US$598.75m
Cost of Revenue	US$356.74m
Gross Profit	US$242.02m
Other Expenses	US$77.47m
Earnings	US$164.55m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.51
Gross Margin	40.42%
Net Profit Margin	27.48%
Debt/Equity Ratio	21.7%

How did 1MARA perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 13:38
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

MARA Holdings, Inc. is covered by 21 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ishan Majumdar	Baptista Research
Ramsey El-Assal	Barclays
Lucas Pipes	B. Riley Securities, Inc.