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IMXI - International Money Express: Undervalued Amid High Immigration
International Money Express Inc.
2024-07-03 02:50:11 ET
Summary
Intermex partnered with Félix Pago, FXC Intelligence, and PickTrace to enhance its services and expand its market, crucial amid rising US immigration for sustained growth.
Significant 59.1% YoY growth in digital transactions vs. 11.7% in total transfers, indicating strong potential for long-term profitability and efficiency gains through digital channels.
Trading at ~35% discount to intrinsic value; potential growth despite Mexican market slowdown. Stricter US immigration controls could boost remittances, benefiting Intermex.