I-Remit, Inc., together with its subsidiaries, provides fund transfer and remittance services to the Filipino workers and other migrant workers in the Philippines, the Asia Pacific, Europe, the Middle East, and North America. The company offers bank-to-bank remittance services; notify-to-pay, which allows to pick-up a remittance in I-Remit’s pay-out stations; and door-to-door delivery of cash remittances to designated beneficiaries through in-house and third-party couriers. It also provides Visa Card, a debit and automated teller machine card through which remitters can send money to their beneficiaries; and iRemitX, an Internet-based remittance service that offers online remittance services. In addition, the company offers auxiliary services, such as liaising and coordinating with, accepting and distributing membership contributions, loan amortization payments, and premium payments to various government and non-government entities, as well as various insurance, pre-need, and real estate development companies; iCASH, a digital payments platform that provides outward remittance, cash in, bills payment, e-load, and wallet to wallet transfer services; iShop service that accepts payments for various partners; and HapiMart, an e-commerce platform that offers various products, such as gadgets, food, hardware products, appliances, books, skin care products and others, as well as retail and wholesale trade services. Further, it offers management consultancy services; and trades in foreign currencies. Further, it provides management consultancy, financial advisory, and foreign currencies trading services. The company was incorporated in 2001 and is headquartered in Pasig, the Philippines.
Metrics to compare | I | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipIPeersSector | |
---|---|---|---|---|
P/E Ratio | −0.3x | 3.2x | 8.5x | |
PEG Ratio | 0.03 | 0.05 | 0.03 | |
Price/Book | 0.4x | 0.5x | 1.0x | |
Price / LTM Sales | 2.4x | 4.9x | 2.6x | |
Upside (Analyst Target) | - | 59.7% | 15.1% | |
Fair Value Upside | Unlock | 6.7% | 3.4% | Unlock |