Marcus stock: fair value
MCSThe fair value of Marcus under our model is $10.19, the price is 167% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $7.84 and expensive above $14.56 (uncertainty medium, based on the price swings of the past year).
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $8.51, at 7.8% it would be $12.72.
Where the number comes from
From the cash-flow model alone; the profit includes one-off items, so there is no industry value.
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 8.8% (floor: government bond yield 3.8% plus 5 percentage points, since beta 0.88 times the risk premium would give less); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $10.19 per share: free cash flow for the next ten years, each year discounted to today at 8.8%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 8.8%) |
|---|---|---|---|---|
| 2026 | $17.18M | extrapolated at 0.3% | 0.9189 | $15.78M |
| 2027 | $17.41M | extrapolated at 1.3% | 0.8443 | $14.7M |
| 2028 | $17.77M | extrapolated at 2.1% | 0.7758 | $13.78M |
| 2029 | $18.23M | extrapolated at 2.6% | 0.7129 | $13M |
| 2030 | $18.77M | extrapolated at 3.0% | 0.6550 | $12.3M |
| 2031 | $19.38M | extrapolated at 3.2% | 0.6019 | $11.66M |
| 2032 | $20.04M | extrapolated at 3.4% | 0.5530 | $11.08M |
| 2033 | $20.75M | extrapolated at 3.5% | 0.5082 | $10.54M |
| 2034 | $21.5M | extrapolated at 3.6% | 0.4669 | $10.04M |
| 2035 | $22.29M | extrapolated at 3.7% | 0.4291 | $9.56M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $122.45M |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (8.8% − 3.8%) | $462.92M |
| Present value of terminal value (× 0.4291) | $198.62M |
| Equity value (sum plus present value of terminal value) | $321.07M |
| Shares (diluted) | 31.50M |
| Value per share (equity value divided by shares) | $10.19 |
| Fair value (from the cash flow model alone) | $10.19 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 22 May 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.