Added to YB: 2024-06-12
Pitch date: 2024-06-11
MRX [bullish]
Marex Group plc
+105.28%
current return
Author Info
No bio for this author
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
$18.89
Price Target
N/A
Dividend
2.06%
EV/EBITDA
N/A
P/E
8.84
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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