IMXI
International Money Express, Inc.
$14.47
Platform & Compounding FCF
50%
Two-stage FCF DCF
Moderate
·
Conviction
Overvalued
Trading 22.6% above fair value
You pay
$14.47
Bear
$8.00
Fair
$11.80
Bull
$15.65
Bear
$8.00
-44.7%
7% stage 1 growth, 11% discount
Fair
$11.80
-18.4%
11% stage 1 growth, 11% discount
Bull
$15.65
+8.2%
15% stage 1 growth, 11% discount
Adjust Assumptions
11.2%
11.0%
3.0%
Key Value Driver
FCF growth rate (11% base case)
Terminal Value % of EV
40%
Implied Market Multiple
28.3x
Market is pricing in (growth)
13.6%
vs 11.2% base
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (13 analysts)
$27.00
Divergence from AlphaVal
56%
Summary
Using a two-stage FCF DCF with 11% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $11.80 per share.
Warnings
Wall Street's average price target is $27.00 (from 13 analysts). Our estimate is 56% below the consensus -- consider that gap carefully.
Key Risks
- P/E alone misleads — earnings depressed by growth investment
- Cyclical or commodity businesses may be misclassified as platforms
- Terminal value dominance suggests sensitivity to long-run assumptions