Added to YB: 2025-04-17
Pitch date: 2025-04-16
MRX [bullish]
Marex Group plc
+25.14%
current return
Author Info
Karst Research is partial to asset heavy industries, healthcare, and insurers. Trying to keep it simple, I think. Occasional ramblings. Sign up for the newsletter.
Company Info
Marex Group plc, a financial services platform company, provides liquidity, market access, and infrastructure services to clients in the commodity and financial markets in the United Kingdom, the United States, and internationally.
Market Cap
$3.2B
Pitch Price
$36.78
Price Target
38.50 (-16%)
Dividend
1.35%
EV/EBITDA
N/A
P/E
11.54
EV/Sales
N/A
Sector
Capital Markets
Category
growth
Marex Group plc - $MRX
MRX: London-based commodity broker delivering 28% revenue growth to $1.6B, 25% ROE. Top-10 FCM with 5,031 clients (269 >$1M). Q1 2025 rev +22% YoY on market volatility. Diversified revenue: 53% commission, 31% trading, 14% interest. Risks: rate sensitivity ($20M PBT/1% rate), market volatility, counterparty exposure. Trading at 11.2x NTM P/E.
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