Complete IMXI Stock Valuation Analysis
Comprehensive intrinsic value analysis using 6 different methodologies
IMXI DCF Analysis
IMXI (International Money Express, Inc.) discounted cash flow analysis with multiple scenarios, growth assumptions, and terminal value calculations
Financial Projections
| Metrics | 2022 (Historical) | 2023 (Historical) | 2024 (Historical) | 2025 (Projected) | 2026 (Projected) | 2027 (Projected) | 2028 (Projected) | 2029 (Projected) |
|---|---|---|---|---|---|---|---|---|
| Revenue | $546.8M | $658.7M | $658.6M | $743.0M | $828.6M | $914.6M | $1000.0M | $1.1B |
| Revenue Growth % | - | 20.5% | -0.0% | 12.8% | 11.5% | 10.4% | 9.3% | 8.4% |
| EBIT | $82.9M | $95.5M | $95.0M | $109.2M | $122.6M | $136.2M | $149.9M | $163.6M |
| EBIT Margin % | 15.2% | 14.5% | 14.4% | 14.7% | 14.8% | 14.9% | 15.0% | 15.1% |
| Tax Rate % | 25.8% | 30.0% | 29.4% | 27.7% | 27.4% | 27.1% | 26.9% | 26.6% |
| NOPAT | $61.5M | $66.8M | $67.1M | $79.0M | $89.0M | $99.3M | $109.7M | $120.1M |
| NOPAT Margin % | 11.2% | 10.1% | 10.2% | 10.6% | 10.7% | 10.9% | 11.0% | 11.1% |
| Capex | $12.2M | $12.8M | $30.0M | $18.1M | $19.2M | $20.1M | $20.9M | $21.5M |
| Capex / Revenue % | 2.2% | 1.9% | 4.6% | 2.4% | 2.3% | 2.2% | 2.1% | 2.0% |
| Depreciation | $9.5M | $12.9M | $13.6M | $14.3M | $15.9M | $17.5M | $19.2M | $20.8M |
| D&A / Revenue % | 1.7% | 2.0% | 2.1% | 1.9% | 1.9% | 1.9% | 1.9% | 1.9% |
| Change in NWC | $51.0M | $11.8M | $-63.7M | $16.4M | $14.6M | $12.9M | $11.3M | $9.8M |
| NWC Change / Revenue % | 9.3% | 1.8% | -9.7% | 2.2% | 1.8% | 1.4% | 1.1% | 0.9% |
| Unlevered FCF | $7.8M | $55.0M | $114.5M | $58.8M | $71.2M | $83.9M | $96.7M | $109.7M |
| UFCF % Chg. | - | 603.8% | 108.0% | -48.6% | 21.0% | 17.8% | 15.3% | 13.4% |
| FCF / Revenue % | 1.4% | 8.4% | 17.4% | 7.9% | 8.6% | 9.2% | 9.7% | 10.1% |
| Discount Factor | - | - | - | 0.929 | 0.863 | 0.802 | 0.745 | 0.692 |
| Present Value of FCF | - | - | - | $54.6M | $61.4M | $67.2M | $72.0M | $75.9M |
| Sum of PV of UFCF | - | - | - | $54.6M | $116.0M | $183.3M | $255.3M | $331.2M |
WACC Calculation
Weighted Average Cost of Capital used for discounting cash flows.
| WACC Calculation | Value |
|---|---|
| Cost of Debt | 6.9% |
| Tax Rate | 27.7% |
| After Tax Cost of Debt | 5.0% |
| Risk Free Rate | 4.40% |
| Market Risk Premium | 4.3% |
| Beta | 1.08 |
| Cost of Equity | 9.1% |
| Total Debt | $181.7M |
| Market Cap | $340.4M |
| Total Capital | $522.1M |
| Debt Weighting | 34.8% |
| Equity Weighting | 65.2% |
| WACC | 7.6% |
Terminal Value
Choose between perpetuity growth or exit multiple methods.
| Terminal Value Calculation | Value |
|---|---|
| Terminal Growth Rate | 2.5% |
| Final Year FCF | $109.7M |
| Terminal Value | $2.2B |
| PV of Terminal Value | $1.5B |
| Cumulative PV of UFCF | $331.2M |
| Net Debt | $51.2M |
| Equity Value | $1.8B |
| Shares Outstanding | 32.9M |
| Implied Share Price | $54 |
| Current Share Price | $11 |
| Implied Upside/(Downside) | +379.8% |
Valuation Summary
$54.49
Implied Price
$11.36
Current Price
+379.8%
Upside/Downside
7.6%
WACC
IMXI Peer Valuation Analysis
Relative valuation based on comparable company trading multiples
Peer Valuation Analysis
Fair Value Range Analysis
Based on median multiples from 7 peer companies in Technology
P/E Ratio
$48.66
+328.6%
Peer Median: 27.5x
EV/EBITDA
$36.18
+218.7%
Peer Median: 10.5x
P/S Ratio
$45.79
+303.2%
Peer Median: 2.2x
Interpretation: Each multiple provides a different perspective on fair value. Consider which multiple is most relevant for IMXI's business model and current situation.
Multiple Comparison
| Multiple | IMXI Current | Peer Median | Peer Average | Premium/Discount | Assessment |
|---|---|---|---|---|---|
| P/E Ratio | 6.4x | 27.5x | 25.6x | -76.7% | Undervalued |
| EV/EBITDA | 3.8x | 10.5x | 14.0x | -63.9% | Undervalued |
| P/S Ratio | 0.5x | 2.2x | 4.4x | -75.2% | Undervalued |
Peer Companies
Click any company to view their valuation
| Company | Market Cap | P/E Ratio | EV/EBITDA | P/S Ratio |
|---|---|---|---|---|
| $0.68B | 24.5x | 10.5x | 0.8x | |
| $0.64B | 10.9x | 5.1x | 2.2x | |
| $0.57B | 27.5x | 20.2x | 2.7x | |
| $0.47B | 0.0x | 9.1x | 1.5x | |
| $0.34B | 6.4x | 3.8x | 0.5x | |
| $0.26B | 43.4x | 21.3x | 4.1x | |
| $716.28B | 40.9x | 28.1x | 19.0x |
IMXI Graham Number
Benjamin Graham's conservative valuation formula for defensive investors
Input Data
| EPS (TTM) | $1.77 | Latest 10-K |
| Book Value per Share | $4.11 | Latest 10-K Balance Sheet |
| Graham Constant | 22.5 | Benjamin Graham's formula |
Graham Number Result
$12.78
Intrinsic Value
$11.36
Current Price
+12.5%
Upside/Downside
Confidence: High
Conservative value investing approach
Calculation Breakdown
Formula:
√(22.5 × EPS × BVPS)
Step 1: Multiply constant by EPS
22.5 × 1.77 = 39.76
Step 2: Multiply by Book Value per Share
39.76 × 4.11 = 163.31
Step 3: Take square root
√163.31 = 12.78
Graham Number Result:
$12.78
IMXI Graham Intrinsic Value
Growth-adjusted intrinsic value with two formula variants
Formula Selection
V = EPS × (8.5 + 2g)
Graham's original P/E shortcut for growth, no interest-rate adjustment
V = [EPS × (8.5 + 2g) × 4.4] / Y
Graham's 1974 refinement: adds rate-environment sensitivity
Active Formula: Base-Growth
1.77 × (8.5 + 2 × 14.1%)
Input Data & Growth Assumptions
Current EPS (TTM)$1.77
Latest 10-K • 2024-12-31T00:00:00
Historical 3Y14.1%
Financial statements
Historical 5Y28.3%
Financial statements
Custom
%
Enter a positive growth rate estimate (0-50%)
Graham Intrinsic Value Result
$64.69
Intrinsic Value
$11.36
Current Price
+469.7%
Upside/Downside
Base Formula
Growth: 14.1%
IMXI Peter Lynch Fair Value
Growth-based valuation using PEG ratio analysis for growth stocks
Fair Value Calculation
EPS (TTM)$1.77
Latest 10-K • 2024-12-31T00:00:00
Historical 3Y14.1%
3-year earnings growth
Historical 5Y28.3%
5-year earnings growth
14.1%
1%50%
Fair Value Formula: EPS × Growth Rate
$1.77 × 14.1% = $24.83
$24.83
Fair Value
$11.36
Current Price
+118.7%
Upside/Downside
PEG Analysis
6.4x
Current P/E
14.1%
Growth Rate
0.46
PEG Ratio (P/E ÷ Growth Rate)
Significantly Undervalued
PEG Ratio Interpretation:
• PEG < 1.0: Undervalued (growth exceeds P/E)
• PEG = 1.0: Fairly valued (ideal Lynch ratio)
• PEG > 1.5: Overvalued (paying premium for growth)
Peter Lynch's Rule:
"The P/E ratio of any company that's fairly priced will equal its growth rate." A stock with 15% growth should trade at a P/E of 15 (PEG = 1.0).
IMXI Earnings Power Value (EPV)
Normalized earnings-based valuation for sustainable earning power assessment
Earnings Normalization
| Earnings Component | Amount ($B) | Description |
|---|---|---|
| Reported Earnings | 0.1 | Base earnings from financial statements |
| Normalized Earnings | 0.1 | Final normalized earning power |
One-time Items: Remove non-recurring gains/losses
Cyclical Adjustment: Normalize for economic cycle position
EPV Result
$24.51
EPV per Share
$11.36
Current Price
+115.8%
Upside/Downside
7.3%
WACC: 7.3% (calculated from market data)
Confidence: High
Normalized earnings approach
EPV Calculation Breakdown
Enterprise Value Calculation
| Normalized Earnings | $0.1B |
| Cost of Capital | 7.3% |
| Enterprise Value | $0.8B |
Per Share Value
| Enterprise Value | $0.8B |
| Shares Outstanding | 0.0B |
| EPV per Share | $24.51 |
WACC Components
| Cost of Equity | 9.2% |
| After-Tax Cost of Debt | 3.5% |
| Equity Weight | 67.2% |
| Debt Weight | 32.8% |
| WACC | 7.3% |