| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
MARA Overview
Marathon Digital Holdings, Inc. operates as a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets in United States.
Marathon Digital Holdings Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$37.70 |
| 52 Week High | US$1.48 |
| 52 Week Low | US$57.75 |
| Beta | 4.54 |
| 1 Month Change | -0.74% |
| 3 Month Change | 33.74% |
| 1 Year Change | 2,054.29% |
| 3 Year Change | 1,126.58% |
| 5 Year Change | -12.08% |
| Change since IPO | -64.11% |
Recent News & Updates
Shareholder Returns
| MARA | US Software | US Market | |
|---|---|---|---|
| 7D | 3.7% | -1.2% | -1.7% |
| 1Y | 2,054.3% | 40.9% | 36.2% |
Return vs Industry: MARA exceeded the US Software industry which returned 35.4% over the past year.
Return vs Market: MARA exceeded the US Market which returned 31.5% over the past year.
Price Volatility
| MARA volatility | |
|---|---|
| MARA Beta | 4.54 |
| Industry Beta | 0.95 |
| Market Beta | 1 |
Stable Share Price: MARA is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: MARA's weekly volatility has decreased from 23% to 12% over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2010 | 3 | Fred Thiel | https://www.marathondh.com |
Marathon Digital Holdings, Inc. operates as a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets in United States. The company was formerly known as Marathon Patent Group, Inc. and changed its name to Marathon Digital Holdings, Inc. in February 2021. Marathon Digital Holdings, Inc. was founded in 2010 and is headquartered in Las Vegas, Nevada.
Marathon Digital Holdings Fundamentals Summary
| MARA fundamental statistics | |
|---|---|
| Market Cap | US$3.56b |
| Earnings (TTM) | -US$32.76m |
| Revenue (TTM) | US$41.95m |
89.5x
P/S Ratio-114.7x
P/E RatioIs MARA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MARA income statement (TTM) | |
|---|---|
| Revenue | US$41.95m |
| Cost of Revenue | US$74.43m |
| Gross Profit | -US$32.48m |
| Expenses | US$277.78k |
| Earnings | -US$32.76m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.26 |
| Gross Margin | -77.42% |
| Net Profit Margin | -78.08% |
| Debt/Equity Ratio | 0.0% |
How did MARA perform over the long term?
See historical performance and comparisonValuation
Is Marathon Digital Holdings undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MARA ($35.7) is trading below our estimate of fair value ($181.24)
Significantly Below Fair Value: MARA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MARA is unprofitable, so we can't compare its PE Ratio to the US Software industry average.
PE vs Market: MARA is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MARA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MARA is good value based on its PB Ratio (6.1x) compared to the US Software industry average (7.4x).
Future Growth
How is Marathon Digital Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
90.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MARA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: MARA is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MARA's is expected to become profitable in the next 3 years.
Revenue vs Market: MARA's revenue (78.1% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: MARA's revenue (78.1% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MARA's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Marathon Digital Holdings performed over the past 5 years?
33.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MARA is currently unprofitable.
Growing Profit Margin: MARA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MARA is unprofitable, but has reduced losses over the past 5 years at a rate of 33.6% per year.
Accelerating Growth: Unable to compare MARA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MARA is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (22.1%).
Return on Equity
High ROE: MARA has a negative Return on Equity (-5.64%), as it is currently unprofitable.
Financial Health
How is Marathon Digital Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: MARA's short term assets ($491.7M) exceed its short term liabilities ($3.3M).
Long Term Liabilities: MARA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MARA is debt free.
Reducing Debt: MARA has no debt compared to 5 years ago when its debt to equity ratio was 99.4%.
Balance Sheet
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: MARA has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MARA has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Dividend
What is Marathon Digital Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MARA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MARA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MARA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MARA'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 MARA's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.4yrs
Average management tenure
CEO
Fred Thiel (60 yo)
0.42
Tenure
US$20,000
Compensation
Mr. Frederick G. Thiel, also known as Fred, serves as Chief Executive Officer at Marathon Digital Holdings, Inc. since April 26, 2021 and has been its Director since 2018. Mr. Thiel is a Managing Partner a...
Leadership Team
Experienced Management: MARA's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Board Members
Experienced Board: MARA's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 210%.
Top Shareholders
Company Information
Marathon Digital Holdings, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Marathon Digital Holdings, Inc.
- Ticker: MARA
- Exchange: NasdaqCM
- Founded: 2010
- Industry: Application Software
- Sector: Software
- Market Cap: US$3.557b
- Shares outstanding: 99.63m
- Website: https://www.marathondh.com
Number of Employees
Location
- Marathon Digital Holdings, Inc.
- 1180 North Town Center Drive
- Suite 100
- Las Vegas
- Nevada
- 89144
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/23 22:14 |
| End of Day Share Price | 2021/09/23 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.