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Added to YB: 2025-08-07

Pitch date: 2025-08-05

MRX [bearish]

Marex Group plc

-12.42%

current return

Author Info

NINGI Research publishes research reports and notes on publicly traded companies in the US and Europe. The research is sector-agnostic and tends to be focused on forensic accounting. Sign up for the newsletter.

Company Info

Marex Group plc, a financial services platform provider company, provides liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets in the United Kingdom, the United States, and internationally.

Market Cap

$2.1B

Pitch Price

$34.49

Price Target

N/A

Dividend

2.06%

EV/EBITDA

N/A

P/E

8.84

EV/Sales

N/A

Sector

Capital Markets

Category

N/A

Show full summary:
Marex Group plc (NASDAQ: MRX): A Financial House of Cards (short)

MRX short: Hidden off-balance-sheet entities in Luxembourg hold $930M derivatives. Exploiting revenue recognition via self-dealings, booking fake 'fair value' gains. Debt misclassified as cash flow. Multiple accounting discrepancies: $17M fictitious receivable, vanishing $183M loan. CEO from Lehman's Repo 105 scandal. Insiders sold $30.2M post-IPO.

Read full article (3 min)