Added to YB: 2024-06-12
Pitch date: 2024-06-11
MRX [bullish]
Marex Group plc
+144.66%
current return
Author Info
No bio for this author
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
$18.81
Price Target
N/A
Dividend
1.35%
EV/EBITDA
N/A
P/E
11.54
EV/Sales
N/A
Sector
Capital Markets
Category
growth
Marex Group - new IPO at 7x P/E
MRX: Recently listed $1.4B futures & options clearer grew profits 44% FY23, 141% Q1 24. Trades <8x Q1 annualized P/E vs peer SNEX 10x despite 25% ROE & 22% organic rev growth. Opportunities as banks exit market. 100bps rate cut = 8% PBT hit. Overlooked with helpful mgmt commentary.
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