MQ Stock Overview
Marqeta, Inc. operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services to developers, technical product managers, and visionary entrepreneurs.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$10.57|
|52 Week High||US$37.90|
|52 Week Low||US$6.05|
|1 Month Change||19.44%|
|3 Month Change||46.60%|
|1 Year Change||-61.25%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-65.37%|
Recent News & Updates
Marqeta: FinTech Backbone With A $30 Trillion Market Opportunity
Marqeta is a modern card issuing and processing platform. Their Customers include Fintech Disrupters such as Square, DoorDash, Klarna, Uber, Coinbase and more. The company has grown their revenue at a meteoric 54% year over year. The stock is now undervalued intrinsically, after the recent pullback in share price, according to my discounted cash flow model. Marqeta has a fortress balance sheet, with $1.6 billion in cash & short-term investments with no debt.
Marqeta: Strong Start To The Year; Remaining Focused On Profitability
Marqeta reported Q1 revenue and TPV growth of 54% and 53% respectively, both beating expectations. 2022 revenue growth is expected to be just shy of 40%, though adjusted EBITDA loss margin is expected to be in the high-single digits. With the stock down around 65% from all-time highs, there remains a lot of long-term value with the company trading under 5x 2023 revenue.
|MQ||US IT||US Market|
Return vs Industry: MQ underperformed the US IT industry which returned -28.3% over the past year.
Return vs Market: MQ underperformed the US Market which returned -12.9% over the past year.
|MQ Average Weekly Movement||12.8%|
|IT Industry Average Movement||10.0%|
|Market Average Movement||7.9%|
|10% most volatile stocks in US Market||17.1%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: MQ is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.
Volatility Over Time: MQ's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
Marqeta, Inc. operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services to developers, technical product managers, and visionary entrepreneurs. It offers its solutions in various verticals, including commerce disruptors, digital banks, tech giants, and financial institutions. As of December 31, 2021, the company had approximately 200 customers.
Marqeta Fundamentals Summary
|MQ fundamental statistics|
Is MQ overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MQ income statement (TTM)|
|Cost of Revenue||US$318.72m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 10, 2022
|Earnings per share (EPS)||-0.39|
|Net Profit Margin||-36.80%|
How did MQ perform over the long term?See historical performance and comparison
Is MQ undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MQ?
Other financial metrics that can be useful for relative valuation.
|What is MQ's n/a Ratio?|
Price to Sales Ratio vs Peers
How does MQ's PS Ratio compare to its peers?
|MQ PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
EXLS ExlService Holdings
WU Western Union
EEFT Euronet Worldwide
PAGS PagSeguro Digital
Price-To-Sales vs Peers: MQ is expensive based on its Price-To-Sales Ratio (10x) compared to the peer average (2.4x).
Price to Earnings Ratio vs Industry
How does MQ's PE Ratio compare vs other companies in the US IT Industry?
Price-To-Sales vs Industry: MQ is expensive based on its Price-To-Sales Ratio (10x) compared to the US IT industry average (2.9x)
Price to Sales Ratio vs Fair Ratio
What is MQ'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.
|Current PS Ratio||10x|
|Fair PS Ratio||6x|
Price-To-Sales vs Fair Ratio: MQ is expensive based on its Price-To-Sales Ratio (10x) compared to the estimated Fair Price-To-Sales Ratio (6x).
Share Price vs Fair Value
What is the Fair Price of MQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MQ ($10.57) is trading below our estimate of fair value ($30.55)
Significantly Below Fair Value: MQ is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Marqeta forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MQ is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: MQ is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: MQ is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: MQ's revenue (22.9% per year) is forecast to grow faster than the US market (7.9% per year).
High Growth Revenue: MQ's revenue (22.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MQ is forecast to be unprofitable in 3 years.
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How has Marqeta performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Last years earnings growth
Earnings and Revenue History
Quality Earnings: MQ is currently unprofitable.
Growing Profit Margin: MQ is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if MQ's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare MQ's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MQ is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (19.8%).
Return on Equity
High ROE: MQ has a negative Return on Equity (-13.71%), as it is currently unprofitable.
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How is Marqeta's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: MQ's short term assets ($1.8B) exceed its short term liabilities ($233.9M).
Long Term Liabilities: MQ's short term assets ($1.8B) exceed its long term liabilities ($16.0M).
Debt to Equity History and Analysis
Debt Level: MQ is debt free.
Reducing Debt: MQ has not had any debt for past 5 years.
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: MQ has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MQ has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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What is Marqeta current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MQ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MQ'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 MQ's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MQ's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as MQ has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jason Gardner (52 yo)
Mr. Jason M. Gardner is the Founder and Chief Executive Officer of Marqeta, Inc since November 2010. Mr. Gardner serves as Chairperson of the Board at Marqeta, Inc. Mr. Gardner served as an Advising Founde...
CEO Compensation Analysis
Compensation vs Market: Jason's total compensation ($USD224.39M) is above average for companies of similar size in the US market ($USD8.35M).
Compensation vs Earnings: Jason's compensation has increased whilst the company is unprofitable.
Experienced Management: MQ's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Experienced Board: MQ's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Marqeta, Inc.'s employee growth, exchange listings and data sources
- Name: Marqeta, Inc.
- Ticker: MQ
- Exchange: NasdaqGS
- Founded: 2010
- Industry: Data Processing and Outsourced Services
- Sector: Software
- Implied Market Cap: US$5.755b
- Shares outstanding: 544.44m
- Website: https://www.marqeta.com
Number of Employees
- Marqeta, Inc.
- 180 Grand Avenue
- 6th Floor
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/07 00:00|
|End of Day Share Price||2022/08/05 00:00|
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.