Marex Group plc
Marex Group plc is a diversified global financial services platform that provides liquidity, market access, and infrastructure services to clients across commodity, energy, and financial markets. Marex Group plc supports trading and risk management through businesses focused on clearing, agency and execution, market making, and hedging and investment solutions. Its services cover a broad range of products, including metals, agricultural commodities, energy, fixed income, financial securities, digital assets, and equity futures and options. The company serves institutional clients and market participants that need execution, clearing, and tailored solutions across global markets. Headquartered in London, Marex Group plc plays an important role in connecting clients to markets and facilitating efficient price discovery, liquidity, and risk transfer.
$68.54
-$3.00 (-4.19%)
EOD Oct 22, 2026
32.26% operating margin is above average. ROIC at 9.41%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue up 25.4% YoY with margins expanding 3.4pp. However, free cash flow softened 43%, worth monitoring whether this is timing or structural.
Free cash flow declined 43% versus the prior year, cash generation momentum has weakened. Net debt of $3.75B represents 5.8x FCF, leverage limits flexibility.
12.0x earnings, 7.6x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$5.17B
▲ +25.4% YoY
Net Income (TTM)
$426M
▲ +41.1% YoY
Op. Margin
33.95%
▲ +3.4pp YoY
ROIC
9.41%
▼ -1.7pp YoY
Cash Flow & Balance Sheet
FCF (FY)
$648M
▼ -43.4% YoY
Op. Cash Flow (FY)
$668M
▼ -42.2% YoY
Net Debt
$3.75B
Cash & Equiv.
$6.48B
3Y CAGR: +45.6%
3Y CAGR: +44.2%
Continue Research
Is Marex Group (MRX) overvalued?
At a P/E of 12.0 and a price-to-free-cash-flow of 7.6, Marex Group (MRX) trades below a two-stage DCF intrinsic value of about $181.65 per share, so at $68.54 the stock looks undervalued (165.0% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Marex Group scores 79/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.9%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Marex Group's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $181.65 per share for MRX, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $136.24. At today's $68.54, that puts the stock about 165.0% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Marex Group a high-quality business?+
Marex Group scores 79 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 33.9% operating margin and a 9.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Marex Group (MRX) pay a dividend, and how much?+
Yes, Marex Group pays a regular dividend of about $0.63 per share per year (typically in quarterly installments), a yield of roughly 0.9% at the current price. That is a payout ratio of about 10.6% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For MRX's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Marex Group a good stock to buy right now?+
That depends on valuation and quality together, not either alone. MRX currently trades below its estimated intrinsic value and scores 79/100 on quality (solid). It also yields about 0.9%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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