bullish
Marsh & Mclennan Cos (MMC) - Sunday, Nov 19, 2023
SUMMARY
Key points
- Marsh McLennan is the largest insurance broker globally, with strong organic growth driven by its consulting business
- Current valuation at $198 with an EV/2024E EBITDA of 16.0x is considered fair, offering potential 5-year returns of 12% IRR / 1.7x MOIC
- Predicted returns could increase to 16% IRR / 2.1x MOIC with a 13% EBITDA growth rate and a multiple expansion to 17.0x, with a favorable market backdrop for insurance brokers helping to drive growth trends
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.
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