Added to YB: 2026-03-16
Pitch date: 2026-03-14
MRX [bullish]
Marex Group Limited
+87.65%
current return
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
Marex Group Limited, 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
$4.8B
Pitch Price
$35.13
Price Target
55.20 (-16%)
Dividend
0.95%
EV/EBITDA
N/A
P/E
15.38
EV/Sales
N/A
Sector
Capital Markets
Category
value
Marex: An Overlooked High Quality Business at an Attractive Valuation
MRX: Diversified financial services firm scaling across clearing, agency & execution, market making, hedging. Adj PBT grew 47% CAGR since 2020 to $418M. Prime Services driving 160% YoY profit growth in A&E segment. Trading 8.4x 2026 EPS vs peer SNEX at 13x despite superior 30% ROE vs 22.5%. PE exit pressure ending. 48% upside to $51.84 PT. Key risks: cyclical volatility, cost pressures, rate cuts, liquidity/credit exposure.
Read full article (17 min)