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Currency Exch Intl J (TSE:CXI)
TSX:CXI
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Currency Exchange International
(TSX:CXI)
Rating:69Neutral
Price Target:
C$22.50
▲(4.65% Upside)
Currency Exchange International (CXI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$133.42M
Dividend YieldN/A
Average Volume (3M)5.15K
Price to Earnings (P/E)24.8
Beta (1Y)0.22
Revenue Growth-0.24%
EPS Growth-46.22%
CountryCA
Employees397
SectorFinancial
Sector Strength74
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.58
Shares Outstanding6,205,366
10 Day Avg. Volume6,953
30 Day Avg. Volume5,152
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$22.50Price Target Upside4.65% Upside
Rating ConsensusHold
Number of Analyst Covering0
Currency Exchange International Business Overview & Revenue Model
Company DescriptionCurrency Exchange International, Corp., together with its subsidiaries, engages in the money service and payment businesses in the United States and Canada. It offers financial institutions, international wire payments, foreign check clearing, foreign bank note exchange, and foreign draft issuance solutions; corporate, hedge and risk management, and international payment solutions; and international traveler's, foreign currency exchange, bitcoin and ether cryptocurrencies, gold bullion coins and bars, multi-currency cash passport, and American Express traveler's cheque solutions. The company serves financial institutions, and money service businesses, as well as travel, technology, payroll, healthcare, and nonprofit sectors. It operates a network of 35 branches. The company was formerly known as Currency Exchange International, Inc. and changed its name to Currency Exchange International, Corp. in October 2007. Currency Exchange International, Corp. was incorporated in 1998 and is headquartered in Orlando, Florida.
How the Company Makes MoneyCurrency Exchange International generates revenue primarily through the spread between the buying and selling rates of foreign currencies, commonly referred to as the 'bid-ask spread.' This margin allows CXI to profit from each currency exchange transaction. Additionally, the company earns revenue from service fees associated with foreign currency transactions, international money transfers, and other financial services. CXI also benefits from partnerships with various financial institutions, travel agencies, and online platforms that facilitate currency exchange, further expanding its market reach and customer base. The combination of transaction fees, currency spread, and strategic partnerships significantly contributes to CXI's overall earnings.
Currency Exchange International Earnings Call Summary
Earnings Call Date:Jun 11, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Sep 10, 2025
Earnings Call Sentiment Neutral
The earnings call reflected a mixed sentiment with significant operational improvements and strategic progress offset by challenges such as declines in banknotes revenue and the impact of discontinued operations. The company's successful exit from Canada and efficiency gains are positive, but the financial burden of additional costs and discontinued operations losses temper the overall outlook.Q2-2025 Updates
Positive Updates
Increase in Adjusted Net Income
The group's adjusted net income increased by 18% to $2.3 million compared to $2 million in the prior year.
Growth in Payments Product Line
Payments revenue increased by 5%, supported by a 13% increase in trading volume activity from existing financial institution customers and the on-boarding of new customers.
Successful Exit Strategy from Canada
The discontinuance of Exchange Bank of Canada is on schedule, with favorable terms reached with employees and a majority of customers off-boarded by May 30.
Operational Efficiency Improvements
Operating expenses decreased by $1.2 million or 10%, and the ratio of total operating expenses to revenue improved from 73% to 68%.
Expansion of OnlineFX Platform
The OnlineFX platform expanded to service 46 states, covering over 92% of the U.S. population.
Negative Updates
Decline in Banknotes Revenue
Banknotes revenue had a 5% decline due to decreased consumer demand for foreign currencies as travel activity tapered.
Discontinued Operations Loss
Exchange Bank of Canada, classified as discontinued operations, reported a net loss of $0.7 million in the second quarter.
Impact of $3 Million Additional Costs
Management anticipates that certain operating expenses and personnel costs will be fully borne by CXI after the exit of EBC from Canada, adding approximately $3 million in annual costs.
Company Guidance
During the Currency Exchange International Q2 2025 Financial Results Conference Call, several key metrics and updates were provided. The company reported $2.7 million in net income from continuing operations, with a net loss of $0.7 million from discontinued operations, specifically the Exchange Bank of Canada (EBC). Adjusted net income increased by 18% to $2.3 million, with adjusted diluted earnings per share rising by 24% to $0.36. Revenue from continuing operations was approximately $16 million, a 3% decrease from the previous year, driven by a decline in banknotes revenue despite a 5% increase in payments revenue. Operating expenses decreased by 10%, contributing to a 16% increase in operating income to $5.1 million. The company anticipates that certain operating expenses currently shared with EBC, totaling around $3 million annually, will be fully absorbed by CXI following EBC's exit from Canada. Additionally, the company reported an adjusted EBITDA of $5.1 million, marking a 15% increase over the previous quarter. The strategic focus remains on growing the payments and banknotes businesses, with new client opportunities and a robust pipeline noted in both areas.Currency Exchange International Financial Statement Overview
Summary
Currency Exchange International has demonstrated strong revenue growth and profitability, supported by robust profit margins and a stable balance sheet with low debt. However, recent liquidity challenges due to negative cash flow warrant attention.Income Statement
Currency Exchange International has shown a consistent upward trajectory in revenue growth, with a notable increase from 2022 to TTM (Trailing-Twelve-Months). The company maintains strong gross and net profit margins, reflecting efficient cost management and profitability. However, the net profit margin saw a slight decrease in the TTM compared to 2024, indicating some pressure on net earnings despite revenue growth. EBIT and EBITDA margins remain robust, supporting overall profitability.85
Very Positive
Balance Sheet
The company's balance sheet exhibits a strong equity base with a healthy equity ratio, indicating good asset financing through equity. The debt-to-equity ratio is low, showcasing conservative leverage and financial stability. Return on Equity (ROE) remains positive, although it slightly decreased in the TTM, suggesting a need for improved net income efficiency relative to equity.78
Positive
Cash Flow
Cash flow analysis shows fluctuations with a negative operating cash flow in the TTM, contrasting with positive operating cash flow in the previous period. The free cash flow has turned negative, indicating potential liquidity challenges. However, the company's ability to generate cash from operations compared to net income in previous periods suggests operational efficiency, despite recent setbacks.70
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 82.80M | 85.24M | 81.95M | 66.28M | 30.26M | 25.01M |
| Gross Profit | 56.82M | 48.11M | 80.94M | 40.87M | 12.57M | 8.15M |
| EBITDA | 15.15M | 13.40M | 19.20M | 18.83M | 3.92M | -5.99M |
| Net Income | 3.91M | 2.47M | 10.19M | 11.78M | -1.13M | -8.52M |
Balance Sheet | ||||||
| Total Assets | 131.00M | 131.16M | 132.05M | 125.53M | 102.53M | 85.76M |
| Cash, Cash Equivalents and Short-Term Investments | 73.93M | 101.88M | 92.72M | 88.56M | 66.53M | 59.31M |
| Total Debt | 6.98M | 11.34M | 17.65M | 10.46M | 8.11M | 8.51M |
| Total Liabilities | 49.85M | 51.77M | 52.82M | 56.22M | 44.51M | 27.53M |
| Stockholders Equity | 81.15M | 79.39M | 79.23M | 69.31M | 58.02M | 58.23M |
Cash Flow | ||||||
| Free Cash Flow | -8.72M | 23.67M | -1.66M | 24.60M | 7.25M | -1.53M |
| Operating Cash Flow | -5.89M | 26.67M | -1.13M | 25.52M | 7.64M | -938.50K |
| Investing Cash Flow | -2.82M | -3.00M | -1.28M | -1.29M | -391.14K | -3.35M |
| Financing Cash Flow | -4.99M | -14.32M | 6.17M | 214.15K | -1.49M | 795.04K |
Currency Exchange International Technical Analysis
Positive
21.50
Price Trends
19.98
Positive
20.16
Positive
21.25
Positive
Market Momentum
0.28
Negative
72.23
Negative
85.98
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CXI, the sentiment is Positive. The current price of 21.5 is above the 20-day moving average (MA) of 20.28, above the 50-day MA of 19.98, and above the 200-day MA of 21.25, indicating a bullish trend. The MACD of 0.28 indicates Negative momentum. The RSI at 72.23 is Negative, neither overbought nor oversold. The STOCH value of 85.98 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CXI.
Currency Exchange International Peers Comparison
Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | C$133.42M | 24.82 | 5.85% | ― | -0.24% | -46.22% | |
68 Neutral | $17.69B | 11.82 | 10.30% | 3.73% | 9.66% | 0.42% | |
| ― | C$142.73M | ― | ― | ― | ― | ||
85 Outperform | C$130.10M | 4.17 | 43.85% | ― | 254.21% | 132.59% | |
56 Neutral | C$13.45M | ― | -66.86% | ― | 13.48% | -43.47% | |
46 Neutral | C$51.62M | 1.91 | -18.10% | ― | 62.11% | 72.73% | |
45 Neutral | C$18.89M | ― | ― | 73.03% | 25.25% |
* Financial Sector Average
Performance Comparison
TSE:CXI
Currency Exchange International
21.59
-3.41
-13.64%
TSE:RICH
Raffles Financial Group
2.85
0.00
0.00%
TSE:PNP
Pinetree Capital
14.10
7.10
101.43%
TSE:CBIT
Cathedra Bitcoin Inc
0.06
-0.03
-33.33%
TSE:BTCW
Bitcoin Well Inc
0.13
0.04
44.44%
TSE:FRNT
FRNT Financial, Inc.
0.40
-0.15
-27.27%
Currency Exchange International Corporate Events
Business Operations and StrategyFinancial Disclosures
Currency Exchange International Reports Strong Q2 2025 Results Amid Strategic Restructuring
Positive
Jun 11, 2025
Currency Exchange International reported a significant increase in net income for the second quarter of 2025, with a 291% rise compared to the previous year, despite a 3% decline in total revenue due to reduced consumer demand for foreign currency. The company’s decision to cease operations of its Canadian subsidiary, Exchange Bank of Canada, is part of a strategic restructuring plan that may impact shared operating expenses and personnel costs, but it maintains a strong capital position with robust liquidity.
Financial Disclosures
Currency Exchange International to Announce Q2 2025 Financial Results
Neutral
Jun 4, 2025
Currency Exchange International announced it will release its second quarter 2025 financial results on June 11, 2025, followed by an earnings conference call on June 12, 2025. This announcement is significant as it provides stakeholders with insights into the company’s recent financial and operational performance, potentially impacting its market positioning and investor relations.
Delistings and Listing ChangesBusiness Operations and Strategy
Currency Exchange International Corp. Begins Trading on OTCQX Market
Positive
May 20, 2025
Currency Exchange International Corp. has announced that its common shares will now trade on the OTCQX Best Market under the symbol CURN, upgrading from the Pink market. This move is part of the company’s strategy to expand its U.S. shareholder base and enhance investor engagement, providing greater transparency and exposure to a broader group of institutional and retail investors.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.