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1. Company Snapshot

1.a. Company Description

International Money Express, Inc., through its subsidiary, operates as a money remittance services company in the United States, Latin America, Mexico, Africa, Central and South America, and the Caribbean.The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.It provides services through sending and paying agents and company-operated stores, as well as through online and Internet-enabled mobile devices.


International Money Express, Inc.is headquartered in Miami, Florida.

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1.b. Last Insights on IMXI

International Money Express, Inc.'s recent performance was driven by strong Q3 earnings, surpassing estimates with $0.61 per share, up from $0.51 per share in the prior year. The company's solid earnings release, combined with its announcement to assess strategic initiatives, has strengthened its position. Additionally, the acquisition of Amigo Paisano's business in December 2024 has expanded its digital remittance services and presence in Central America, further solidifying its growth prospects. Improved results and continued expansion of product offerings and bolt-on acquisitions are expected to drive the company's future performance.

1.c. Company Highlights

2. International Money Express Delivers Resilient Q1 2025 Results Amid Challenging Market Backdrop

International Money Express, Inc. reported its first-quarter 2025 earnings, showcasing resilience despite a tough market environment. The company generated total revenue of $144.3 million, a slight decline from $150.4 million in the prior year. Net income stood at $7.8 million, with adjusted EBITDA of $21.6 million and adjusted diluted EPS of $0.35, slightly below consensus estimates of $0.41. The company demonstrated disciplined execution, with margins protected through operational efficiencies and cost management.

Publication Date: May -13

📋 Highlights
  • Total Revenue:: $144.3 million, reflecting a slight year-over-year decline.
  • Principal Amount Sent:: Increased 4%, indicating larger transaction sizes despite softer transaction counts.
  • Digital Transactions Growth:: Surged nearly 70% year-over-year, driven by increased marketing investment.
  • Adjusted EBITDA:: $21.6 million with a 15% margin, maintaining profitability amidst market challenges.
  • Cash and Cash Equivalents:: $151.8 million, highlighting strong cash generation and financial flexibility.

Revenue Breakdown and Transaction Trends

The remittance market to Latin America remained robust, with the principal amount sent increasing 4% year-over-year. However, the company experienced its first-ever year-over-year decline in transactions, down 5%, as consumers opted to send larger amounts less frequently. This shift impacted fee and foreign exchange income, which were slightly lower than the previous year. Despite this, the retail segment remained a critical contributor, with management highlighting the importance of expanding the agent network in underserved areas such as California and Texas.

Digital Growth and Strategic Initiatives

Digital transactions emerged as a bright spot, surging nearly 70% year-over-year, driven by increased marketing investment. The company emphasized its commitment to scaling its digital offerings, including value-added services like top-ups and bill payments. Additionally, the shutdown of an offshore operations center is expected to yield $2 million in annual cost savings, further enhancing profitability. Management also highlighted progress on the La Nacional integration, which is expected to streamline operations in the second half of 2025.

Valuation and Financial Health

Bob Lisy, CEO, remarked, "We delivered disciplined execution, protected profitability, and generated strong cash flow. Retail remains critical, while digital is scaling with strong economics." This sentiment aligns with the company's strategic focus on balancing growth and profitability, positioning it well to navigate ongoing market challenges while delivering value to shareholders.

3. NewsRoom

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Intermex and Banco Industrial Launch Zigi App, Transforming the Way Guatemalans Receive Remittances

Dec -02

Source: globenewswire.com

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Envestnet Asset Management Inc. Increases Position in International Money Express, Inc. $IMXI

Nov -27

Source: defenseworld.net

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Here's What Key Metrics Tell Us About International Money Express (IMXI) Q3 Earnings

Nov -11

Source: zacks.com

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International Money Express (IMXI) Q3 Earnings and Revenues Lag Estimates

Nov -11

Source: zacks.com

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$HAREHOLDER ALERT: The M&A Class Action Firm Continues To Investigate Merger--AL, HNI, SCS, and ODP

Nov -05

Source: prnewswire.com

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Shareholder Alert: The Ademi Firm continues to investigate whether International Money Express Inc. is obtaining a Fair Price for its Public Shareholders

Nov -03

Source: prnewswire.com

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Intermex and Caribe Express Unite to Transform Remittance Experience in the Dominican Republic

Oct -28

Source: globenewswire.com

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Head to Head Review: INTERNATIONAL MONEY EXPRESS (NASDAQ:IMXI) and Tenet Fintech Group (OTCMKTS:PKKFF)

Oct -20

Source: defenseworld.net

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (6.54%)

6. Segments

Wire Transfer and Money Order Fees

Expected Growth: 6.5%

The 6.5% growth in Wire Transfer and Money Order Fees from International Money Express, Inc. is driven by increasing cross-border transactions, rising demand for digital payment solutions, and strategic partnerships expanding the company's global reach. Additionally, the growing need for secure and efficient payment methods, particularly among immigrants and small businesses, contributes to the segment's growth.

Foreign Exchange Gain

Expected Growth: 6.8%

The 6.8% growth in Foreign Exchange Gain from International Money Express, Inc. is driven by increasing cross-border transactions, favorable exchange rate fluctuations, and expansion into new markets. Additionally, the company's strategic partnerships and investments in digital platforms have improved efficiency and reduced costs, contributing to the growth.

Other

Expected Growth: 6.2%

International Money Express, Inc.'s 6.2% growth is driven by increasing demand for digital payment solutions, expansion into new markets, and strategic partnerships. Additionally, the company's focus on cross-border transactions, competitive pricing, and user-friendly interface have contributed to its growth. Furthermore, the rise of e-commerce and online transactions has also fueled the company's growth.

7. Detailed Products

Money Transfer

A service that enables customers to send and receive money across the globe

Bill Payment

A service that allows customers to pay bills for various services such as utilities, credit cards, and loans

Mobile Top-Up

A service that enables customers to top-up mobile phones for themselves or others

Debit Card Services

A service that provides debit cards for customers to access their funds

Check Cashing

A service that enables customers to cash checks from various sources

Money Orders

A service that provides a secure way to send money through the mail

8. International Money Express, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for International Money Express, Inc. is medium because while there are alternative services available, they may not offer the same level of convenience and reliability as International Money Express, Inc.

Bargaining Power Of Customers

The bargaining power of customers for International Money Express, Inc. is low because individual customers have limited negotiating power and the company has a large customer base.

Bargaining Power Of Suppliers

The bargaining power of suppliers for International Money Express, Inc. is medium because while the company relies on a network of agents and partners, it also has a diversified supplier base.

Threat Of New Entrants

The threat of new entrants for International Money Express, Inc. is high because the industry is relatively easy to enter and there are low barriers to entry.

Intensity Of Rivalry

The intensity of rivalry for International Money Express, Inc. is high because the industry is highly competitive and there are many established players.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 56.45%
Debt Cost 6.90%
Equity Weight 43.55%
Equity Cost 7.74%
WACC 7.27%
Leverage 129.63%

11. Quality Control: International Money Express, Inc. passed 8 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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A10 Networks

A-Score: 5.4/10

Value: 2.5

Growth: 6.3

Quality: 7.3

Yield: 2.0

Momentum: 7.5

Volatility: 6.7

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Evertec

A-Score: 5.3/10

Value: 5.4

Growth: 6.3

Quality: 6.5

Yield: 1.0

Momentum: 5.0

Volatility: 7.3

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PaySign

A-Score: 4.9/10

Value: 3.4

Growth: 6.4

Quality: 7.9

Yield: 0.0

Momentum: 9.5

Volatility: 2.0

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Couchbase

A-Score: 4.9/10

Value: 6.2

Growth: 5.1

Quality: 5.5

Yield: 0.0

Momentum: 9.0

Volatility: 3.3

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Int'l Money Express

A-Score: 4.3/10

Value: 7.4

Growth: 7.7

Quality: 6.8

Yield: 0.0

Momentum: 2.0

Volatility: 2.0

1-Year Total Return ->

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Sterling Check

A-Score: 3.4/10

Value: 3.2

Growth: 7.1

Quality: 2.7

Yield: 0.0

Momentum: 5.0

Volatility: 2.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

15.39$

Current Price

15.39$

Potential

-0.00%

Expected Cash-Flows