Marathon Digital Holdings, Inc.

NasdaqCM:MARA Stock Report

Mkt Cap: US$829.6m

We’ve recently updated our valuation analysis.

Marathon Digital Holdings Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

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.

MARA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue10.4x
Enterprise Value/EBITDA-6x
PEG Ration/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for MARA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.3x
RIOT Riot Platforms
3.8x27.2%US$1.1b
PGY Pagaya Technologies
1.1x12.8%US$773.0m
CLSK CleanSpark
1.9x41.8%US$264.1m
APPS Digital Turbine
2.1x13.2%US$1.7b
MARA Marathon Digital Holdings
5.3x53.1%US$829.6m


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.6%
n/an/an/a


Price to Sales Ratio vs Fair Ratio

What is MARA'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.

MARA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.5x
Fair PS Ratio0.7x

Price-To-Sales vs Fair Ratio: MARA is expensive based on its Price-To-Sales Ratio (5.3x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).


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.


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 MARA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$7.10
US$11.64
+64.0%
43.2%US$20.00US$4.00n/a7
Feb ’24US$7.52
US$11.64
+54.8%
43.2%US$20.00US$4.00n/a7
Jan ’24US$3.42
US$14.86
+334.4%
31.1%US$20.00US$8.00n/a7
Dec ’23US$6.21
US$14.86
+139.2%
31.1%US$20.00US$8.00n/a7
Nov ’23US$12.22
US$18.86
+54.3%
45.3%US$35.00US$8.00n/a7
Oct ’23US$10.71
US$21.00
+96.1%
42.9%US$35.00US$9.00n/a7
Sep ’23US$11.51
US$21.38
+85.7%
42.9%US$35.00US$9.00n/a8
Aug ’23US$12.27
US$18.75
+52.8%
46.8%US$35.00US$7.00n/a8
Jul ’23US$5.54
US$20.50
+270.0%
45.4%US$35.00US$7.00n/a8
Jun ’23US$9.22
US$38.50
+317.6%
25.7%US$54.00US$28.00n/a6
May ’23US$15.60
US$56.50
+262.2%
12.0%US$66.00US$50.00n/a6
Apr ’23US$28.54
US$56.83
+99.1%
12.1%US$66.00US$50.00n/a6
Mar ’23US$26.08
US$56.33
+116.0%
17.2%US$74.00US$48.00n/a6
Feb ’23US$25.03
US$56.33
+125.1%
17.2%US$74.00US$48.00US$7.526
Jan ’23US$32.86
US$63.75
+94.0%
27.6%US$92.00US$48.00US$3.424
Dec ’22US$50.79
US$63.75
+25.5%
27.6%US$92.00US$48.00US$6.214
Nov ’22US$55.51
US$62.50
+12.6%
25.0%US$87.00US$48.00US$12.224
Oct ’22US$33.17
US$61.67
+85.9%
29.1%US$87.00US$48.00US$10.713
Sep ’22US$41.18
US$50.67
+23.0%
4.9%US$54.00US$48.00US$11.513
Aug ’22US$27.63
US$48.67
+76.1%
10.3%US$54.00US$42.00US$12.273
Jul ’22US$30.69
US$48.67
+58.6%
10.3%US$54.00US$42.00US$5.543
Jun ’22US$25.20
US$48.50
+92.5%
3.1%US$50.00US$47.00US$9.222
May ’22US$36.78
US$50.00
+35.9%
0%US$50.00US$50.00US$15.601
Apr ’22US$48.85
US$50.00
+2.4%
0%US$50.00US$50.00US$28.541
Mar ’22US$38.50
US$30.00
-22.1%
0%US$30.00US$30.00US$26.081
Feb ’22US$20.74
US$17.00
-18.0%
0%US$17.00US$17.00US$25.031


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