Marathon Digital Holdings Valuation
Is MARA * undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of MARA * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MARA * (MX$296.94) is trading below our estimate of fair value (MX$1568.76)
Significantly Below Fair Value: MARA * is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MARA *?
Other financial metrics that can be useful for relative valuation.
| What is MARA *'s n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | US$4.78b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 12.3x |
| Enterprise Value/EBITDA | 11.9x |
| PEG Ratio | -0.8x |
Price to Earnings Ratio vs Peers
How does MARA *'s PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 86.9x | ||
DV DoubleVerify Holdings | 73x | 22.9% | US$5.2b |
ESMT EngageSmart | 155.8x | 37.9% | US$3.9b |
688568 Geovis TechnologyLtd | 57.8x | 33.7% | CN¥19.6b |
FNOX Fortnox | 61.2x | 21.5% | kr37.5b |
MARA * Marathon Digital Holdings | 18.5x | -24.0% | Mex$4.8b |
Price-To-Earnings vs Peers: MARA * is good value based on its Price-To-Earnings Ratio (18.5x) compared to the peer average (86.9x).
Price to Earnings Ratio vs Industry
How does MARA *'s PE Ratio compare vs other companies in the Global Software Industry?
Price-To-Earnings vs Industry: MARA * is good value based on its Price-To-Earnings Ratio (18.5x) compared to the Global Software industry average (33.6x).
Price to Earnings Ratio vs Fair Ratio
What is MARA *'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 18.5x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MARA *'s Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | Mex$296.94 | Mex$431.46 +45.3% | 20.7% | Mex$594.79 | Mex$280.40 | n/a | 9 |
| Apr ’25 | Mex$360.86 | Mex$404.15 +12.0% | 25.1% | Mex$584.04 | Mex$236.95 | n/a | 10 |
| Mar ’25 | Mex$453.36 | Mex$418.28 -7.7% | 26.1% | Mex$595.65 | Mex$241.66 | n/a | 9 |
| Feb ’25 | Mex$318.82 | Mex$381.59 +19.7% | 25.9% | Mex$467.61 | Mex$242.46 | n/a | 6 |
| Jan ’25 | Mex$398.46 | Mex$218.86 -45.1% | 36.3% | Mex$407.73 | Mex$144.40 | n/a | 8 |
| Dec ’24 | Mex$234.39 | Mex$192.52 -17.9% | 32.3% | Mex$343.94 | Mex$137.58 | n/a | 8 |
| Nov ’24 | Mex$157.51 | Mex$216.86 +37.7% | 37.2% | Mex$356.25 | Mex$124.69 | n/a | 8 |
| Oct ’24 | Mex$147.00 | Mex$269.04 +83.0% | 24.5% | Mex$335.95 | Mex$184.77 | n/a | 6 |
| Sep ’24 | Mex$205.00 | Mex$269.04 +31.2% | 24.5% | Mex$335.95 | Mex$184.77 | n/a | 6 |
| Aug ’24 | Mex$284.28 | Mex$246.54 -13.3% | 36.9% | Mex$354.61 | Mex$135.09 | n/a | 5 |
| Jul ’24 | Mex$238.00 | Mex$226.27 -4.9% | 33.1% | Mex$345.45 | Mex$138.18 | n/a | 5 |
| Jun ’24 | Mex$176.18 | Mex$233.38 +32.5% | 33.1% | Mex$356.31 | Mex$142.52 | n/a | 5 |
| May ’24 | Mex$181.50 | Mex$238.89 +31.6% | 37.5% | Mex$361.95 | Mex$126.68 | Mex$277.03 | 5 |
| Apr ’24 | Mex$156.17 | Mex$194.64 +24.6% | 56.0% | Mex$360.45 | Mex$72.09 | Mex$360.86 | 5 |
| Mar ’24 | Mex$117.57 | Mex$225.44 +91.8% | 43.9% | Mex$373.15 | Mex$74.63 | Mex$453.36 | 6 |
| Feb ’24 | Mex$144.13 | Mex$219.98 +52.6% | 43.2% | Mex$377.87 | Mex$75.57 | Mex$318.82 | 7 |
| Jan ’24 | Mex$65.86 | Mex$287.55 +336.6% | 31.1% | Mex$387.09 | Mex$154.84 | Mex$398.46 | 7 |
| Dec ’23 | Mex$120.29 | Mex$287.55 +139.1% | 31.1% | Mex$387.09 | Mex$154.84 | Mex$234.39 | 7 |
| Nov ’23 | Mex$241.50 | Mex$373.30 +54.6% | 45.3% | Mex$692.87 | Mex$158.37 | Mex$157.51 | 7 |
| Oct ’23 | Mex$219.40 | Mex$423.90 +93.2% | 42.9% | Mex$706.51 | Mex$181.67 | Mex$147.00 | 7 |
| Sep ’23 | Mex$231.50 | Mex$426.94 +84.4% | 42.9% | Mex$699.08 | Mex$179.76 | Mex$205.00 | 8 |
| Aug ’23 | Mex$245.62 | Mex$382.20 +55.6% | 46.8% | Mex$713.44 | Mex$142.69 | Mex$284.28 | 8 |
| Jul ’23 | Mex$111.14 | Mex$412.64 +271.3% | 45.4% | Mex$704.52 | Mex$140.90 | Mex$238.00 | 8 |
| Jun ’23 | Mex$182.00 | Mex$757.74 +316.3% | 25.7% | Mex$1,062.81 | Mex$551.08 | Mex$176.18 | 6 |
| May ’23 | Mex$317.55 | Mex$1,124.95 +254.3% | 12.0% | Mex$1,314.10 | Mex$995.53 | Mex$181.50 | 6 |
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.