A Business at a Glance
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Marex Group plc
MRX
$5.2B
Mkt Cap
$65.56
+2.05%
Marex Group plc (MRX) has a current P/E ratio of 24.1, compared to its historical median P/E of 11.6. The stock is currently considered Expensive based on its historical valuation range.
Marex Group plc (MRX) has a 5-year average return on invested capital (ROIC) of 21.6%. This indicates strong capital allocation and a potential competitive advantage.
Marex Group plc (MRX) has a market capitalization of $5.2B. It is classified as a mid-cap stock.
Yes, Marex Group plc (MRX) pays a dividend with a trailing twelve-month yield of 0.81%. The company also returns capital through share buybacks, with a buyback yield of 0.84%.
Based on historical P/E analysis, Marex Group plc (MRX) appears expensive. The current P/E of 24.1 is 109% above its historical median of 11.6. The estimated fair value CAGR (P/E method) is 5.7%.
Marex Group plc (MRX) operates in the Security & Commodity Brokers, Dealers, Exchanges & Services industry, within the Financials sector.
Marex Group plc (MRX) reported annual revenue of $2.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
Information on the Company. A.History and Development of the Company Our legal name is Marex Group plc and our commercial name is Marex. We were incorporated under the laws of England and Wales in November 2005. Our principal executive office is located at 155 Bishopsgate, London, EC2M 3TQ, United Kingdom. The telephone number at this address is +44 2076 556000. Our agent for service of process in the United States is Marex Capital Markets Inc. located at 140 East 45th Street, 10th Floor, New York, New York 10017. For a description of our principal capital expenditures and divestitures for the three years ended December 31, 2024 and for those currently in progress, see Item 5. “Operating and Financial Review and The SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers, such as we, that file electronically, with the SEC at www.sec.gov. Our website address is www.marex.com.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Revenue | 2.0B | 2.0B | 1.6B | 1.2B | 711M |
| Net Income | 308M | 308M | 218M | 141M | 98M |
| EPS | $3.86 | $3.86 | $2.72 | $1.82 | $1.36 |
| Free Cash Flow | 654M | 654M | 1.2B | 726M | 222M |
| ROIC | 205.5% | 28.7% | 24.9% | 17.8% | 15.2% |
| Gross Margin | 0.0% | 0.0% | - | - | - |
| Debt/Equity | 0.17 | 0.17 | 0.16 | 0.00 | 0.22 |
| Dividends/Share | $0.53 | $0.53 | $0.80 | $0.58 | $0.09 |
| Operating Income | 412M | 412M | 296M | 197M | 122M |
| Operating Margin | 20.3% | 20.3% | 18.5% | 15.8% | 17.1% |
| ROE | 26.4% | 28.7% | 24.9% | 19.4% | 17.0% |
| Shares Outstanding | 80M | 80M | 80M | 78M | 72M |
| Metric | 2022 | 2023 | 2025 | TTM | |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 711M | 1.2B | 1.6B | 2.0B | 2.0B |
| Gross Margin | N/A | N/A | N/A | 0.0% | 0.0% |
| R&D | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 122M | 197M | 296M | 412M | 412M |
| Op. Margin | 17.1% | 15.8% | 18.5% | 20.3% | 20.3% |
| Net Income | 98M | 141M | 218M | 308M | 308M |
| Net Margin | 13.8% | 11.4% | 13.7% | 15.2% | 15.2% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||
| ROIC | 15.2% | 17.8% | 24.9% | 28.7% | N/M |
| ROE | 17.0% | 19.4% | 24.9% | 28.7% | 26.4% |
| ROA | 0.6% | 0.8% | 1.0% | 1.0% | 0.9% |
| Cash Flow | |||||
| Op. Cash Flow | 226M | 735M | 1.2B | 668M | 668M |
| Free Cash Flow | 222M | 726M | 1.2B | 654M | 654M |
| Owner Earnings | 212M | 708M | 1.1B | 631M | 631M |
| CapEx | 3.6M | 9.0M | 12M | 13M | 13M |
| Maint. CapEx | 14M | 27M | 30M | 36M | 36M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 |
| D&A | 14M | 27M | 30M | 36M | 36M |
| CapEx/OCF | N/A | N/A | 1.0% | N/A | 2.0% |
| Capital Allocation | |||||
| Dividends Paid | 6.6M | 45M | 64M | 42M | 42M |
| Dividend Yield | N/A | N/A | 3.4% | N/A | 0.8% |
| Share Buybacks | 0 | 0 | 20M | 44M | 44M |
| Buyback Yield | N/A | N/A | N/A | 0.0% | 0.8% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 0 | 149M | 0 | 142M | 142M |
| Balance Sheet | |||||
| Net Debt | -761M | -1.5B | -2.4B | -1.0B | -1.0B |
| Cash & Equiv. | 910M | 1.5B | 2.6B | 1.2B | 1.2B |
| Long-Term Debt | 136M | 0 | 0 | 0 | N/A |
| Debt/Equity | 0.22 | 0.00 | 0.16 | 0.17 | 0.17 |
| Interest Coverage | 0.7 | 0.4 | 0.5 | 0.5 | 0.5 |
| Equity | 678M | 776M | 977M | 1.2B | 1.2B |
| Total Assets | 15.7B | 17.6B | 24.3B | 34.7B | 34.7B |
| Total Liabilities | 15.1B | 16.8B | 23.3B | 33.5B | 33.5B |
| Intangibles | N/A | N/A | N/A | 0 | 0 |
| Retained Earnings | 455M | 555M | 722M | 982M | 982M |
| Working Capital | N/A | N/A | N/A | 0 | 0 |
| Current Assets | N/A | N/A | N/A | 0 | 0 |
| Current Liabilities | N/A | N/A | N/A | 0 | 0 |
| Per Share Data | |||||
| EPS | 1.36 | 1.82 | 2.72 | 3.86 | 3.86 |
| Owner EPS | 2.93 | 9.12 | 14.15 | 7.92 | 7.92 |
| Book Value | 9.39 | 9.99 | 12.19 | 14.63 | 14.63 |
| Cash Flow/Share | 3.12 | 9.47 | 14.52 | 8.37 | 4.31 |
| Dividends/Share | 0.09 | 0.58 | 0.80 | 0.53 | 0.53 |
| Shares Out. | 72.2M | 77.6M | 80.1M | 79.7M | 79.7M |
| Valuation | |||||
| P/E Ratio | N/A | N/A | 11.6 | N/A | 17.0 |
| P/FCF | N/A | N/A | 2.2 | N/A | 8.0 |
| EV/EBIT | N/A | N/A | 0.1 | N/A | 10.2 |
| Price/Book | N/A | N/A | 2.6 | N/A | 4.5 |
| Price/Sales | N/A | N/A | 1.2 | N/A | 2.6 |
| FCF Yield | N/A | N/A | 45.7% | N/A | 12.5% |
| Market Cap | N/A | N/A | 2.5B | 0 | 5.2B |
| Avg. Price | N/A | N/A | 23.10 | 0.00 | 65.56 |
| Year-End Price | N/A | N/A | 31.43 | 0.00 | 65.56 |
Marex Group plc passes 4 of 9 quality checks, suggesting mixed fundamentals.
Marex Group plc trades at 24.1x trailing earnings, compared to its 15-year median P/E of 11.6x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 4.6x vs a median of 2.2x. The company's 5-year average ROIC is 21.6%. Total shareholder yield (dividends + buybacks) is 1.7%. At current prices, the estimated annualized return to fair value is +6.1%.
Marex Group plc (MRX) has a net profit margin of 15.2%. This is a healthy margin.
Marex Group plc (MRX) generated $654 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Marex Group plc (MRX) has a debt-to-equity ratio of 0.17. This indicates a conservatively financed balance sheet.
Marex Group plc (MRX) reported earnings per share (EPS) of $3.86 in its most recent fiscal year.
Marex Group plc (MRX) has a return on equity (ROE) of 28.7%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 4 years of financial data for Marex Group plc (MRX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Marex Group plc (MRX) has a book value per share of $14.63, based on its most recent annual SEC filing.