15 NASDAQ Stocks with the Lowest P/E Ratios

9. International Money Express, Inc. (NASDAQ:IMXI)

Forward P/E ratio: 5.98

No. of Hedge Fund Holders: 15

International Money Express, Inc. (NASDAQ:IMXI), also known as Intermex, is a leading global remittance operator. It supports money transfers primarily from the U.S. and Canada to 20 Latin American countries, eight African countries, the Philippines, and Vietnam. With over 5.7 million customers and a vast network of over 100,000 retail locations, mostly in community-owned stores, Intermex has positioned itself as a dominant player in the remittance market. Mexico is one of the primary markets for Intermex as it accounts for most of its overall revenues in Latin America.

International Money Express, Inc. (NASDAQ:IMXI) has introduced wire transfers through WhatsApp, making money transfers more convenient than ever. With 95% of U.S. Hispanics using WhatsApp, this new feature will add to the company’s offerings and increase revenue.

In FY2024, the company posted $658.6 million in total revenue. During Q4, the digital transactions surged by 71.7% year-over-year. The full-year digital revenue was around $20.6 million, demonstrating the success of their omni-channel approach. The company achieved a record adjusted EPS of $0.57, up by 1.8% from a year ago. The acquisition of Amigo Paisano and the wire transfer feature on WhatsApp is expected to improve digital growth and leverage superior unit economics.