Added to YB: 2024-04-08
Pitch date: 2024-04-06
CXI.TO [bullish]
Currency Exchange International, Corp.
-6.2%
current return
Author Info
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Company Info
Currency Exchange International, Corp., together with its subsidiary, Exchange Bank of Canada, provides foreign exchange technology and processing services in Canada and the United States.
Market Cap
CAD 89.5M
Pitch Price
CAD 24.52
Price Target
N/A
Dividend
N/A
EV/EBITDA
0.46
P/E
38.56
EV/Sales
0.11
Sector
Consumer Finance
Category
growth
Currency Exchange International, Corp. - $CXI.TO
CXI.TO: Currency exchange fintech led by founder-CEO (21% owner). Despite stock underperforming, biz grew from single Florida store in '07 to sole US retail FX provider, global wholesale FX, Canadian bank license, payments arm, & Fed FBICS partner. Cash use up despite narrative. Mispriced considering transformation & growth.
Read full article (11 min)