Professional
Added to YB: 2026-05-19
Pitch date: 2026-04-22
MRX [neutral]
Marex Group plc
+25.22%
current return
Author Info
Praetorian Capital is a hedge fund managed by Harris “Kuppy” Kupperman dedicated to seeking non-correlated, asymmetric and absolute returns. 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
$2.5B
Pitch Price
$49.93
Price Target
N/A
Dividend
1.71%
EV/EBITDA
N/A
P/E
9.07
EV/Sales
N/A
Sector
Capital Markets
Category
growth
Praetorian Capital Portfolio Holding: Marex Group plc
MRX (holding update): Mid-market commodities broker gaining share from bulge brackets unable to serve smaller clients & buying competitors struggling with compliance costs. High single-digit 2027 P/E despite strong earnings growth & high ROE. Consolidation play + long-term compounder as CFOs hedge more products (commodities, FX, rates, freight, weather derivatives). Retail gambling trend supports growth thesis.
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