MARATHON DIGITAL HOLDINGS, INC. |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 22.53 USD | +5.53% |
|
+12.85% | -2.96% |
| May. 21 | Top Cryptocurrencies Mixed; Bitcoin Holds Around $69,000 Levels | MT |
| May. 20 | Top Cryptocurrencies Rise; Bitcoin Nears $70,000 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6.922 | 664.3 | 3,372 | 399.6 | 5,229 | 5,828 | - | - |
| Enterprise Value (EV) 1 | 6.922 | 664.3 | 3,372 | 1,078 | 5,229 | 5,470 | 5,077 | 4,767 |
| P/E ratio | -1.66 x | -80.3 x | -91.3 x | -0.57 x | 22.2 x | 58.7 x | 58.8 x | 43.9 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 5.84 x | 152 x | 22.4 x | 3.39 x | 13.5 x | 8.44 x | 5.94 x | 6.12 x |
| EV / Revenue | 5.84 x | 152 x | 22.4 x | 9.16 x | 13.5 x | 7.92 x | 5.18 x | 5 x |
| EV / EBITDA | - | - | 28.4 x | -2.02 x | 12.5 x | 6.96 x | 13.4 x | 13.3 x |
| EV / FCF | - | - | -4.64 x | -4.95 x | -15.2 x | -26.8 x | 52.7 x | 14 x |
| FCF Yield | - | - | -21.6% | -20.2% | -6.56% | -3.74% | 1.9% | 7.14% |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 7,853 | 63,634 | 102,631 | 116,842 | 222,625 | 272,956 | - | - |
| Reference price 2 | 0.8814 | 10.44 | 32.86 | 3.420 | 23.49 | 21.35 | 21.35 | 21.35 |
| Announcement Date | 3/24/20 | 3/16/21 | 3/1/22 | 3/16/23 | 2/28/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1.185 | 4.357 | 150.5 | 117.8 | 387.5 | 690.5 | 981 | 952.9 |
| EBITDA 1 | - | - | 118.7 | -533.7 | 419.9 | 786.2 | 377.9 | 358.6 |
| EBIT 1 | - | -9.833 | -85.09 | -663.9 | 220.9 | 583.3 | 98.98 | - |
| Operating Margin | - | -225.66% | -56.55% | -563.78% | 57.01% | 84.48% | 10.09% | - |
| Earnings before Tax (EBT) 1 | - | -10.45 | -13.15 | -708.6 | 277.6 | 295.6 | 124.8 | 148 |
| Net income 1 | -3.517 | -10.45 | -36.17 | -686.7 | 259.1 | 268.6 | 65.05 | 78.7 |
| Net margin | -296.74% | -239.77% | -24.04% | -583.2% | 66.85% | 38.89% | 6.63% | 8.26% |
| EPS 2 | -0.5300 | -0.1300 | -0.3600 | -6.050 | 1.060 | 0.3638 | 0.3629 | 0.4867 |
| Free Cash Flow 1 | - | - | -727.1 | -217.6 | -343.3 | -204.3 | 96.3 | 340.5 |
| FCF margin | - | - | -483.26% | -184.78% | -88.58% | -29.59% | 9.82% | 35.73% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 25.49% | 94.94% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 148.05% | 432.66% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 3/24/20 | 3/16/21 | 3/1/22 | 3/16/23 | 2/28/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 60.28 | 51.72 | 24.92 | 12.69 | 28.42 | 51.13 | 81.76 | 97.85 | 156.8 | 165.2 | 159.7 | 164.8 | 194.6 | 201 | 213.9 |
| EBITDA 1 | 49.23 | 39.38 | -147.2 | -8.702 | -374 | 18.61 | 25.64 | 43.69 | 260.4 | 528.8 | 117 | 42.4 | 98 | 75.3 | 93.7 |
| EBIT 1 | 21.63 | -9.126 | -178.2 | -46.65 | -410.9 | -3.858 | -16.24 | -15.63 | 185.1 | 369.7 | 32.6 | 51.1 | 129.9 | 30.4 | 27.41 |
| Operating Margin | 35.89% | -17.65% | -715.08% | -367.57% | -1,446.05% | -7.55% | -19.86% | -15.98% | 118.05% | 223.79% | 20.41% | 31% | 66.75% | 15.13% | 12.81% |
| Earnings before Tax (EBT) 1 | 34.55 | -17.26 | -181.8 | -81.17 | -414.9 | -7.16 | -18.93 | 64.21 | 167.9 | 375.2 | -2.391 | -3.536 | 20.35 | 19.68 | 23.88 |
| Net income 1 | 11.53 | -12.96 | -191.6 | -75.42 | -392.7 | -7.235 | -21.25 | 64.14 | 151.8 | 337.2 | -6.336 | -16.03 | 9.666 | -1.512 | 13.49 |
| Net margin | 19.12% | -25.06% | -768.99% | -594.32% | -1,382.01% | -14.15% | -26% | 65.55% | 96.85% | 204.1% | -3.97% | -9.72% | 4.97% | -0.75% | 6.31% |
| EPS 2 | 0.1000 | -0.1300 | -1.750 | -0.6500 | -3.140 | -0.0500 | -0.1300 | 0.3500 | 0.6600 | 1.260 | -0.0467 | -0.0900 | -0.0183 | -0.006000 | 0.0300 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/1/22 | 5/4/22 | 8/8/22 | 11/8/22 | 3/16/23 | 5/10/23 | 8/8/23 | 11/8/23 | 2/28/24 | 5/9/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 678 | - | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 358 | 751 | 1,061 |
| Leverage (Debt/EBITDA) | - | - | - | -1.271 x | - | - | - | - |
| Free Cash Flow 1 | - | - | -727 | -218 | -343 | -204 | 96.3 | 341 |
| ROE (net income / shareholders' equity) | - | - | - | - | - | 6% | 10.6% | 7.5% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | 4.8% | 8.6% | 6.1% |
| Assets 1 | - | - | - | - | - | 5,595 | 756.4 | 1,290 |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share 2 | - | - | -0.1800 | -1.560 | - | 1.180 | 1.500 | 2.110 |
| Capex 1 | - | - | 709 | 41.1 | 27.6 | 402 | 178 | 20 |
| Capex / Sales | - | - | 471.15% | 34.91% | 7.13% | 58.24% | 18.15% | 2.1% |
| Announcement Date | 3/24/20 | 3/16/21 | 3/1/22 | 3/16/23 | 2/28/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
21.35
USD
Average target price
23.39
USD
Spread / Average Target
+9.55%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.96% | 5.83B | |
| +82.32% | 4.2B | |
| -19.64% | 3.19B | |
| -26.92% | 3.06B | |
| +7.57% | 1.25B | |
| -25.45% | 702M | |
| -37.56% | 702M | |
| -5.44% | 680M | |
| -66.64% | 603M | |
| -33.61% | 593M |
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- Financials Marathon Digital Holdings, Inc.
