Is International Money Express, Inc. overvalued or undervalued?

As of 7 July 2025, the valuation grade for International Money Express, Inc. has moved from fair to attractive, indicating a more favorable assessment of its worth. The company appears to be undervalued, particularly when considering its P/E ratio of 6, which is significantly lower than the peer average of 7.75, and its PEG ratio of 0.60, suggesting strong growth potential relative to its price. Additionally, the EV to EBITDA ratio stands at 16.66, which is reasonable compared to peers like SP Plus Corp. at 11.36, indicating that International Money Express may offer better value for its earnings potential.
In terms of peer comparison, while International Money Express is classified as attractive, SP Plus Corp. is deemed very expensive with a P/E ratio of 25.27, highlighting a stark contrast in valuation. The company has faced significant underperformance compared to the S&P 500, with a year-to-date return of -30.58% versus the index's 12.22%, and a three-year return of -38.68% against 70.41% for the S&P 500, reinforcing the notion that the stock may be undervalued relative to its potential.