Added to YB: 2024-06-12
Pitch date: 2024-06-11
MRX [bullish]
Marex Group Limited
+270.91%
current return
Author Info
No bio for this author
Company Info
Marex Group Limited, 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
$5.1B
Pitch Price
$18.76
Price Target
N/A
Dividend
0.90%
EV/EBITDA
N/A
P/E
14.48
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.
Read full article (1 min)