Professional
Added to YB: 2026-04-06
Pitch date: 2026-04-02
MRX [neutral]
Marex Group plc
Author Info
Night Watch Investment Management is an alternative asset manager focused on global equities, selected based on our in-depth proprietary research. Our investment style is best described as value plus catalyst. Visit their website.
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
N/A
Price Target
N/A
Dividend
1.35%
EV/EBITDA
N/A
P/E
11.54
EV/Sales
N/A
Sector
Capital Markets
Category
growth
Q1 2026 Investor Letter - Marex (MRX)
MRX (holding update): Largest position at 14.5%. Clears futures, benefits from market volatility. Grew earnings 7x in 5 yrs via defensible moat & mkt share gains in futures clearing (financial infrastructure). Trades 8-9x P/E vs peer StoneX 13-14x despite 30%+ earnings growth potential. Multi-bagger upside from growth + re-rating.
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