Added to YB: 2024-02-21
Pitch date: 2024-02-19
IMXI [bullish]
International Money Express, Inc.
-25.05%
current return
Author Info
No bio for this author
Company Info
International Money Express, Inc., together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia.
Market Cap
$448.8M
Pitch Price
$20.60
Price Target
37.19 (+141%)
Dividend
N/A
EV/EBITDA
4.59
P/E
11.71
EV/Sales
0.77
Sector
Financial Services
Category
growth
International Money Express: Expansion Strategy and Financial Outlook
$IMXI: 20%+ ROIC, non-cash ROA. Expanding from LatAm to Europe/Africa, diversifying services. 12-17% earnings growth for 10-12 yrs, revenue may 2x in 5 yrs. Q1: +20% principal transferred, +35% active customers. Sees $1.2-1.3B revenue, $120-130M net income in 5 yrs. Buybacks signal undervaluation. Fair value: $1.1-1.3B or 20-25x trailing earnings on rapid growth.
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