Professional
Added to YB: 2026-05-19
Pitch date: 2026-04-22
MRX [neutral]
Marex Group plc
+8.79%
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 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
$4.0B
Pitch Price
$50.07
Price Target
N/A
Dividend
1.14%
EV/EBITDA
N/A
P/E
12.87
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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