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MRX NASDAQ

Marex Group plc Ordinary Shares
1W: -4.8% 1M: +8.8% 3M: +29.9% YTD: +43.5% 1Y: +22.6%
$53.20
-1.25 (-2.30%)
 
Weekly Expected Move ±7.0%
$48 $52 $56 $60 $64
NASDAQ · Financial Services · Financial - Capital Markets · Alpha Radar Buy · Power 64 · $3.8B mcap · 51M float · 2.21% daily turnover · Short 47% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE
43.9 / 100
NoneWeakNarrowWide
Primary source: Cost Advantage  ·  ROIC: -73.0%
Cost Advantage ★
64
Intangibles
39
Switching Cost
53
Network Effect
19
Scale
35
The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. MRX shows a Weak competitive edge (43.9/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Cost Advantage. Negative ROIC of -73.0% indicates the company is currently destroying value, though this may reflect a growth investment phase.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets
$60
Low
$60
Avg Target
$60
High
Based on 1 analyst since May 6, 2026 earnings
Analyst Recommendations
Strong Buy: 0Buy: 6Hold: 0Sell: 0Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$57.50
Analysts2
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-05-11 Barclays $55 $60 +5 +6.2% $56.51
2026-03-27 Barclays $49 $55 +6 +28.0% $42.96
2026-01-14 Piper Sandler $27 $55 +28 +41.1% $38.99
2026-01-08 Barclays $50 $49 -1 +26.4% $38.77
2025-12-12 Barclays Benjamin Budish $40 $50 +10 +28.7% $38.85
2025-10-08 Barclays $39 $40 +1 +32.5% $30.20
2025-03-10 UBS $27 $36 +9 -0.9% $36.34
2025-01-13 Barclays Benjamin Budish $30 $39 +9 +20.7% $32.31
2024-10-14 Citigroup Chris Allen Initiated $32 +25.5% $25.50
2024-10-07 Barclays Benjamin Budish $25 $30 +5 +23.8% $24.23
2024-05-20 Piper Sandler Patrick Moley Initiated $27 +41.5% $19.08
2024-05-19 Barclays Benjamin Budish Initiated $25 +26.1% $19.83
2024-05-19 Goldman Sachs Alexander Blostein Initiated $33 +73.0% $19.08
2024-05-19 Jefferies Daniel Fannon Initiated $24 +25.8% $19.08
2024-05-19 UBS Alex Kramm Initiated $27 +41.5% $19.08

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B-
May 22, 2026
DCF
1
ROE
5
ROA
3
D/E
1
P/E
3
P/B
1
The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. MRX receives an overall rating of B-. Strongest factors: ROE (5/5). Areas of concern: DCF (1/5), D/E (1/5), P/B (1/5).
Rating Change History
DateFromTo
2026-04-24 B B-
2026-04-01 B- B
2026-03-09 C+ B-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

47 Grade C
Profitability
67
Balance Sheet
57
Earnings Quality
67
Growth
Value
86
Momentum
Safety
80
Cash Flow
73
The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. MRX scores highest in Value (86/100) and lowest in Balance Sheet (57/100). A grade of C represents mixed fundamentals — strengths in some areas offset by weaknesses.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman-B Score
3.07
Safe Zone
Piotroski F-Score
4/9
Beneish M-Score
Ohlson O-Score
-6.71
Bankruptcy prob: 0.1%
Low Risk
Credit Rating
A-
Score: 69.3/100
Earnings Quality
100/100
OCF/NI: 3.48x
Accruals: -3.8%
The Altman-B Score replaces the traditional Z-Score for banks and financial institutions. It weights equity-to-assets, return on assets, retained earnings, market value coverage, and cash reserves — metrics that better capture bank solvency than manufacturing-oriented ratios. MRX scores 3.07, placing it in the Safe Zone (safe > 3.0, distress < 1.5). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. MRX scores 4/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. MRX's implied 0.1% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. MRX receives an estimated rating of A- (score: 69.3/100). The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). MRX's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E
12.32x
PEG
3.21x
P/S
1.05x
P/B
3.00x
P/FCF
1.62x
P/OCF
1.59x
EV/EBITDA
-0.18x
EV/Revenue
-0.06x
EV/EBIT
-0.18x
EV/FCF
-0.20x
Earnings Yield
18.02%
FCF Yield
61.72%
Shareholder Yield
6.73%
Graham Number
$50.81
Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 12.3x earnings, MRX trades at a reasonable valuation. An earnings yield of 18.0% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $50.81 per share, 5% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden
0.744
NI / EBT
×
Interest Burden
0.354
EBT / EBIT
×
EBIT Margin
0.307
EBIT / Rev
×
Asset Turnover
0.188
Rev / Assets
×
Equity Multiplier
27.437
Assets / Equity
=
ROE
41.6%
The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. MRX's ROE of 41.6% is driven by financial leverage (equity multiplier: 27.44x). Note: high leverage means ROE is amplified by debt rather than operational performance.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate
0.00%
Fair P/E
8.50x
Intrinsic Value
$58.75
Price/Value
0.65x
Margin of Safety
34.71%
Premium
-34.71%
Assessment
Undervalued
Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with MRX's realized 0.0% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. At an intrinsic value of $58.75, MRX appears undervalued with a 35% margin of safety. The adjusted fair P/E of 8.5x compares to the current market P/E of 12.3x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 521 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price
$53.20
Median 1Y
$81.44
5th Pctile
$41.66
95th Pctile
$159.08
Ann. Volatility
41.2%
Analyst Target
$57.50
25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees
3,109
+32.9% YoY
Revenue / Employee
$1,167,514
Rev: $3,629,800,000
Profit / Employee
$99,132
NI: $308,200,000
SGA / Employee
Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability
Metric Trend Q2'24 Q4'24 Q2'25 Q4'25 Current
ROE 13.3% 22.3% 30.2% 41.6% 41.64%
ROA 0.6% 0.9% 1.2% 1.5% 1.52%
ROIC 20.2% 32.1% 36.0% -73.0% -73.02%
ROCE 22.7% 32.7% 36.7% 7.4% 7.43%
Gross Margin 39.3% 46.2% 38.8% 80.5% 80.45%
Operating Margin 52.9% 20.3% 20.2% 33.9% 33.87%
Net Margin 13.9% 5.3% 15.3% 7.4% 7.40%
EBITDA Margin 54.9% 20.9% 21.9% 35.1% 35.10%
FCF Margin 59.9% 39.7% 60.9% 27.6% 27.62%
OCF Margin 61.1% 40.2% 61.6% 28.1% 28.06%
ROIC Economic snapshot only 13.08%
Cash ROA snapshot only 5.28%
NOPAT Margin snapshot only 22.66%
Pretax Margin snapshot only 10.84%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 7.44%
SBC / Revenue snapshot only -0.15%
Valuation
Metric Trend Q2'24 Q4'24 Q2'25 Q4'25 Current
P/E Ratio 13.73 11.06 9.56 5.55 12.317
P/S Ratio 1.91 0.83 0.83 0.45 1.054
P/B Ratio 1.82 2.47 2.89 2.31 3.004
P/FCF 3.19 2.10 1.36 1.62 1.620
P/OCF 3.12 2.07 1.35 1.59 1.595
EV/EBITDA 5.08 3.89 3.87 -0.18 -0.178
EV/Revenue 2.79 1.15 1.10 -0.06 -0.056
EV/EBIT 5.28 4.03 4.03 -0.18 -0.184
EV/FCF 4.66 2.91 1.81 -0.20 -0.205
Earnings Yield 7.3% 9.0% 10.5% 18.0% 18.02%
FCF Yield 31.4% 47.6% 73.3% 61.7% 61.72%
PEG Ratio snapshot only 3.214
Price/Tangible Book snapshot only 3.145
EV/OCF snapshot only -0.201
EV/Gross Profit snapshot only -0.092
Acquirers Multiple snapshot only -0.185
Shareholder Yield snapshot only 6.73%
Graham Number snapshot only $50.81
Leverage & Solvency
Metric Trend Q2'24 Q4'24 Q2'25 Q4'25 Current
Current Ratio 1.07 1.09 1.09 3.16 3.164
Quick Ratio 1.06 1.09 1.09 3.16 3.164
Debt/Equity 6.94 6.28 6.28 8.05 8.045
Net Debt/Equity 0.84 0.95 0.95 -2.60 -2.602
Debt/Assets 0.31 0.25 0.25 0.29 0.293
Debt/EBITDA 13.25 7.16 6.35 4.92 4.924
Net Debt/EBITDA 1.61 1.08 0.96 -1.59 -1.593
Interest Coverage 3.13 1.54 1.73 1.54 1.541
Equity Multiplier 22.70 24.89 24.89 27.44 27.437
Cash Ratio snapshot only 1.736
Debt Service Coverage snapshot only 1.591
Cash to Debt snapshot only 1.323
FCF to Debt snapshot only 0.177
Defensive Interval snapshot only 4471.4 days
Efficiency & Turnover
Metric Trend Q2'24 Q4'24 Q2'25 Q4'25 Current
Asset Turnover 0.04 0.12 0.14 0.19 0.188
Inventory Turnover 2.75 44.91 53.45
Receivables Turnover (trade) 0.36 0.80 0.94 0.59 0.589
Payables Turnover 0.09 0.21 0.25
DSO (trade) 1000 457 390 619 619.3 days
DIO 133 8 7 0 0.0 days
DPO 3997 1758 1477 0
Cash Conversion Cycle (trade) -2863 -1292 -1080 619
Fixed Asset Turnover snapshot only 58.833
Cash Velocity snapshot only 0.485
Capital Intensity snapshot only 5.315
Growth Quality
Metric Trend Q2'24 Q4'24 Q2'25 Q4'25 Current
Revenue Stability
Earnings Stability
Margin Stability
Rev. Growth Consistency 0.00 0.00 0.00 0.00 0.000
Earn. Growth Consistency 0.00 0.00 0.00 0.00 0.000
FCF Positive Streak 0 0 0 0 0
Earnings Persistence
Earnings Smoothness
ROE Trend
Gross Margin Trend
FCF Margin Trend
Sustainable Growth Rate 6.7% 14.4% 19.5% 31.1% 31.14%
Internal Growth Rate 0.3% 0.6% 0.8% 1.1% 1.15%
Cash Flow Quality
Metric Trend Q2'24 Q4'24 Q2'25 Q4'25 Current
OCF/Net Income 4.40 5.34 7.10 3.48 3.480
FCF/OCF 0.98 0.99 0.99 0.98 0.984
FCF/Net Income snapshot only 3.425
OCF/EBITDA snapshot only 0.887
CapEx/Revenue 1.2% 0.5% 0.7% 0.4% 0.44%
CapEx/Depreciation snapshot only 0.442
Accruals Ratio -0.02 -0.04 -0.07 -0.04 -0.038
Sloan Accruals snapshot only 0.317
Cash Flow Adequacy snapshot only 11.352
Earnings Quality Score snapshot only 1.000
Dividends & Buybacks
Metric Trend Q2'24 Q4'24 Q2'25 Q4'25 Current
Dividend Yield 3.6% 3.2% 3.7% 4.5% 1.15%
Dividend/Share $0.70 $0.99 $1.46 $1.74 $0.61
Payout Ratio 49.3% 35.4% 35.4% 25.2% 25.20%
FCF Payout Ratio 11.4% 6.7% 5.1% 7.4% 7.36%
Total Payout Ratio 68.5% 44.4% 57.2% 37.3% 37.34%
Div. Increase Streak 0 0 0 0 0
Chowder Number
Buyback Yield 1.4% 0.8% 2.3% 2.2% 2.19%
Net Buyback Yield -3.4% -2.0% -0.1% -0.2% -0.15%
Total Shareholder Return 0.2% 1.2% 3.6% 4.4% 4.39%
DuPont Factors
Metric Trend Q2'24 Q4'24 Q2'25 Q4'25 Current
Tax Burden (NI/EBT) 0.74 0.74 0.74 0.74 0.744
Interest Burden (EBT/EBIT) 0.36 0.36 0.43 0.35 0.354
EBIT Margin 0.53 0.29 0.27 0.31 0.307
Asset Turnover 0.04 0.12 0.14 0.19 0.188
Equity Multiplier 22.70 24.89 24.89 27.44 27.437
Per Share
Metric Trend Q2'24 Q4'24 Q2'25 Q4'25 Current
EPS (Diluted TTM) $1.42 $2.79 $4.11 $6.91 $6.91
Book Value/Share $10.74 $12.49 $13.62 $16.60 $17.71
Tangible Book/Share $7.70 $9.51 $10.38 $12.20 $12.20
Revenue/Share $10.25 $37.01 $47.35 $85.71 $50.87
FCF/Share $6.14 $14.68 $28.83 $23.67 $-3.71
OCF/Share $6.27 $14.87 $29.17 $24.05 $-3.65
Cash/Share $65.53 $66.65 $72.71 $176.77 $188.59
EBITDA/Share $5.63 $10.96 $13.48 $27.13 $27.13
Debt/Share $74.60 $78.49 $85.63 $133.56 $133.56
Net Debt/Share $9.07 $11.84 $12.92 $-43.20 $-43.20
Per Employee
Metric Trend Q2'24 Q4'24 Q2'25 Q4'25 Current
Employee Count snapshot only 3,109
Revenue/Employee snapshot only $2098616.92
Income/Employee snapshot only $169250.56
EBITDA/Employee snapshot only $664200.71
FCF/Employee snapshot only $579704.08
Assets/Employee snapshot only $11153136.06
Market Cap/Employee snapshot only $939281.85
Academic Models
Metric Trend Q2'24 Q4'24 Q2'25 Q4'25 Current
Altman-B Score 3.074
Altman Z-Prime snapshot only 3.745
Piotroski F-Score 4 4 4 4 4
Beneish M-Score
Ohlson O-Score snapshot only -6.712
ROIC (Greenblatt) snapshot only 11.85%
Net-Net WC snapshot only $-116.70
Credit
Metric Trend Q2'24 Q4'24 Q2'25 Q4'25 Current
Credit Rating snapshot only A-
Credit Score 42.78 47.95 55.60 69.29 69.290
Credit Grade snapshot only 7
Implied Spread (bps) snapshot only 175.000
Industry Credit Rank snapshot only 59
Sector Credit Rank snapshot only 61

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms