Professional
Added to YB: 2024-05-27
Pitch date: 2024-05-24
IMXI [bullish]
International Money Express, Inc.
-26.58%
current return
Author Info
Voss Capital is a hedge fund looking for value-oriented special situations. Sign up for the newsletter.
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
$21.03
Price Target
41.76 (+170%)
Dividend
N/A
EV/EBITDA
4.59
P/E
11.71
EV/Sales
0.77
Sector
Financial Services
Category
growth
Voss Capital Value Fund Portfolio Holding: International Money Express, Inc.
IMXI: Money transfer to LATAM. Growth slowed to 3-5% on strong MXN & inflation, but long-term potential from immigration, digital app & weak competition. Trades <5x EBITDA (8x FCF), net cash. $80M buybacks, ongoing $20-25M/Q. EPS to $4 by 2026 (+30% CAGR), 100% upside at 10x. Cash peaks Mon-Wed next 6 Qs, EV may drop 20% on screen. PE interest at <$20 (4x EBITDA vs peer 8x).
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