Company Valuation: MARA Holdings, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,372 399.6 5,229 5,397 3,396 5,368 - -
Change - -88.15% 1,208.67% 3.21% -37.08% 58.07% - -
Enterprise Value (EV) 1 3,372 1,078 5,198 4,989 2,835 4,730 3,310 5,032
Change - -68.03% 382.14% -4.02% -43.18% 66.88% -30.02% 52.02%
P/E Ratio -91.3x -0.57x 22.2x 9.75x -2.43x -4.24x -39.5x -117x
PBR - - - 1.27x 0.92x 2.09x 1.47x 1.27x
PEG - -0x -0x 0.2x 0x 0.4x 0.4x 1.8x
Capitalization / Revenue 22.4x 3.39x 13.5x 8.22x 3.74x 6.62x 5.93x 7.46x
EV / Revenue 22.4x 9.16x 13.4x 7.6x 3.12x 5.83x 3.66x 7x
EV / EBITDA 28.4x -2.02x 12.4x 4.05x -8.57x -9.32x 4.43x -19.1x
EV / EBIT -39.6x -1.62x 23.5x 16.3x -2.32x -4.59x -2,626x 50.8x
EV / FCF -4.64x -4.95x -15.1x -5.38x -2.34x -9.08x -13x -10x
FCF Yield -21.6% -20.2% -6.6% -18.6% -42.7% -11% -7.67% -9.98%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.36 -6.05 1.06 1.72 -3.69 -3.317 -0.3563 -0.1205
Distribution rate - - - - - - - -
Net sales 1 150.5 117.8 387.5 656.4 907.1 811 905.1 719.4
EBITDA 1 118.7 -533.7 419.9 1,232 -330.8 -507.5 747.4 -264
EBIT 1 -85.09 -663.9 220.9 306.1 -1,224 -1,030 -1.26 99.12
Net income 1 -36.17 -686.7 259.1 541.3 -1,311 -1,279 -105.7 -123.3
Net Debt 1 - 678.5 -31.66 -408.1 -561.5 -637.9 -2,058 -336
Reference price 2 32.86 3.42 23.49 16.77 8.98 14.08 14.08 14.08
Nbr of stocks (in thousands) 102,631 116,842 222,625 321,831 378,184 381,271 - -
Announcement Date 01/03/22 16/03/23 28/02/24 26/02/25 27/02/26 - - -
1USD in Million2USD
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-4.24x5.83x-9.32x-.--% 5.37B
-32.9x45.81x-100.21x - 13.38B
-17.04x47.72x140.91x - 12.91B
-57.15x34.78x149.77x - 12.2B
-12.36x15.39x-79.63x-.--% 10.06B
-26.41x58.55x352.04x-.--% 10.02B
-11.89x - - - 4.34B
-5.04x8.67x-12.1x-.--% 4.23B
-15.75x25.43x-55.43x - 3.38B
Average -20.31x 30.27x 48.25x 0% 8.43B
Weighted average by Cap. -24.98x 35.63x 66.30x 0%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation MARA Holdings, Inc.
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