/
International Money Express, Inc. (the Company or Intermex ) is a global leading omnichannel money remittance services company focused primarily on the United States of America ( United States or U.S. ) to Latin America and the Caribbean ( LAC ) corridor, which includes Mexico, Central and South America and the Caribbean. We also provide our remittance services to Africa and Asia from …
Operating margin is thin at 9.16%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 7.7% YoY. Margins deteriorated 5.3pp alongside, both lines moving the wrong way.
Free cash flow declined 32% versus the prior year, cash generation momentum has weakened. ROIC dropped from 20.71% to 11.88%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$585M
▼ -7.7% YoY
Net Income (TTM)
$25M
▼ -44.5% YoY
Op. Margin
7.73%
▼ -5.3pp YoY
ROIC
9.28%
▼ -8.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$63M
▼ -31.5% YoY
Op. Cash Flow (TTM)
-$42M
▼ -30.5% YoY
Net Debt
$92M
Cash & Equiv.
$170M
5Y CAGR: +11.2%
Continue Research