Professional
Added to YB: 2024-04-25
Pitch date: 2024-04-23
CXI.TO [bullish]
Currency Exchange International, Corp.
-10.33%
current return
Author Info
No bio for this author
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 25.65
Price Target
50.00 (+117%)
Dividend
N/A
EV/EBITDA
0.46
P/E
38.56
EV/Sales
0.11
Sector
Consumer Finance
Category
growth
Plural Investing Partners Fund Portfolio Holding: Currency Exchange International, Corp.
CXI.TO: One of 3 major foreign banknote suppliers in US. Founder-led, owns 21%. 11x EV/FCF, 15%+ earnings CAGR expected. $50 PT in 3yrs (now $18.5). $106M cash ($80M banknotes, $20M WC) vs $120M MCap. Buyback to reduce shares 15%. CEO focused on transformative M&A, int'l expansion ($380M market vs $83M revs). Low downside risk: Cash heavy, cheap, growing 10%+.
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