INTERNATIONAL MONEY EXPRESS, INC. (IMXI) vs QIWI PLC (QIWI)

INTERNATIONAL MONEY EXPRESS, INC. and QIWI PLC are both Software Infrastructure companies. QIWI PLC is the larger, with a market value of $355.6M against $319.3M — 1.1× the size. QIWI PLC trades at the lower P/E: 9.1× against 17.9×. INTERNATIONAL MONEY EXPRESS, INC. grew revenue faster over the last twelve months: −13.5% against −89.0%. QIWI PLC has the higher net margin (52.9% vs 3.35%) and the lower return on invested capital (0.00% vs 14.6%). Across the 22 metrics below, INTERNATIONAL MONEY EXPRESS, INC. leads on 11 and QIWI PLC on 11.

Valuation

Metric IMXI QIWI Software Infrastructure median
P/E 17.86 9.08 28.02
P/S 0.61 4.23 3.07
P/B 2.00 0.95 3.36
Price to free cash flow 36.62 4.84 17.12
EV/EBITDA 6.13 8.50 14.91
EV/Sales 0.59 2.78 3.03
Earnings yield 5.60% 11.01% 0.13%
Free cash flow yield 2.73% 20.66% 1.15%

Profitability

Metric IMXI QIWI Software Infrastructure median
Gross margin 20.57% 39.89% 61.23%
Operating margin 6.22% 13.98% 0.00%
Net margin 3.35% 52.91% 0.00%
Free cash flow margin 1.67% 0.00% 1.67%
Return on equity 11.94% 0.00% 0.59%
Return on assets 3.85% 0.00% 0.00%
Return on invested capital 14.56% 0.00% 0.00%

Growth

Metric IMXI QIWI Software Infrastructure median
Revenue growth (TTM) (13.50%) (88.95%) 13.41%
EPS growth (last fiscal year) (39.66%) (1,852.16%) —
Revenue growth, 5-year CAGR 11.22% (43.23%) 15.81%
Net income growth, 5-year CAGR (0.67%) 0.00% 0.00%

Health

Metric IMXI QIWI Software Infrastructure median
Debt to equity 0.76 0.00 0.06
Current ratio 1.96 20.92 1.55
Net debt to EBITDA 0.57 3.79 0.08

Dividend

Metric IMXI QIWI Software Infrastructure median
Dividend yield — 21.16% 1.53%
Payout ratio 0.00 0.30 0.00

Size

Metric IMXI QIWI Software Infrastructure median
Market cap 319.34m 355.58m 835.96m

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