Should you buy Marex Group stock? (July 2024)
Published first at https://www.3minutebreakdowns.com
Marex Group stock analysis. Ticker: $MRX
UK brokerage Marex Group provides commodity trading, market making, hedging and clearing. The company came to the public markets via IPO in April and based on data from financial websites, the stock looks like a screaming buy. However, those websites have failed to account for a reverse stock split and are in fact reporting incorrect numbers.
Based on accurate figures from the company’s annual report, Marex Group actually has a market cap of 2.6 billion dollars with a book value of 794 million. Revenue last year was 1.2 billion unlike the 1.8 billion reported on most financial websites, and net income was 141 million. So Marex stock is valued at about 2.1 times revenue and 19 times earnings.
But when you consider Q1 earnings and analyst estimates for the rest of the year, Marex is actually trading at only 8 times this year's earnings. That is incredibly cheap when you consider Marex’s recent growth. Revenue is up 75% year over year and adjusted operating profit has compounded at 34% a year since 2014.
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