OTCPK:CURN

Stock Analysis Report

Currency Exchange International

Executive Summary

Currency Exchange International, Corp. provides currency exchange and related products in the United States and Canada.

Snowflake

Fundamentals

Reasonable growth potential and overvalued.


Similar Companies

Share Price & News

How has Currency Exchange International's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.6%

CURN

2.9%

US Consumer Finance

1.3%

US Market


1 Year Return

-37.3%

CURN

5.0%

US Consumer Finance

5.9%

US Market

Return vs Industry: CURN underperformed the US Consumer Finance industry which returned 5% over the past year.

Return vs Market: CURN underperformed the US Market which returned 5.9% over the past year.


Shareholder returns

CURNIndustryMarket
7 Day-0.6%2.9%1.3%
30 Day-4.7%-5.3%-1.9%
90 Day-14.3%-7.2%-1.8%
1 Year-37.3%-37.3%6.8%5.0%8.3%5.9%
3 Year-40.0%-40.0%61.0%53.2%45.6%36.2%
5 Year-1.5%-1.5%40.9%30.6%66.1%47.9%

Price Volatility Vs. Market

How volatile is Currency Exchange International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Currency Exchange International undervalued compared to its fair value and its price relative to the market?

28.13x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: CURN ($14.39) is trading above our estimate of fair value ($7.82)

Significantly Undervalued: CURN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CURN is poor value based on its PE Ratio (28.1x) compared to the Consumer Finance industry average (8.1x).

PE vs Market: CURN is poor value based on its PE Ratio (28.1x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: CURN is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: CURN is overvalued based on its PB Ratio (1.4x) compared to the US Consumer Finance industry average (1.2x).


Next Steps

Future Growth

How is Currency Exchange International forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

34.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CURN's forecast earnings growth (34.2% per year) is above the savings rate (2.7%).

Earnings vs Market: CURN's earnings (34.2% per year) are forecast to grow faster than the US market (14.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CURN's revenue (10.3% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: CURN's revenue (10.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if CURN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Currency Exchange International performed over the past 5 years?

0.007%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CURN's earnings have grown by 0.01% per year over the past 5 years.

Accelerating Growth: CURN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CURN had negative earnings growth (-31%) over the past year, making it difficult to compare to the Consumer Finance industry average (25.5%).


Return on Equity

High ROE: CURN's Return on Equity (4.8%) is considered low.


Return on Assets

ROA vs Industry: CURN's Return on Assets is below or equal to the Consumer Finance industry average last year.


Return on Capital Employed

ROCE Improving: CURN's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Currency Exchange International's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: CURN has a low level of unsold assets or inventory.

Debt Coverage by Assets: CURN's debt is covered by short term assets (assets are 25.467670x debt).


Financial Institutions Analysis

Asset Level: CURN's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if CURN has a sufficient allowance for bad loans.

Low Risk Liabilities: CURN reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if CURN has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CURN has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if CURN has an appropriate level of bad loans.


Next Steps

Dividend

What is Currency Exchange International's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate CURN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CURN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if CURN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CURN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CURN's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Currency Exchange International's salary, the management and board of directors tenure and is there insider trading?

2.8yrs

Average management tenure


CEO

Randolph Pinna (50yo)

12yrs

Tenure

US$603,337

Compensation

Mr. Randolph W. Pinna, Founded Currency Exchange International, Corp. in 2007 and has been its Chief Executive Officer and President October 2007. From 1989 to 2007, Mr. Pinna served as the President and C ...


CEO Compensation Analysis

Compensation vs. Market: Randolph's total compensation ($USD603.34K) is about average for companies of similar size in the US market ($USD495.77K).

Compensation vs Earnings: Randolph's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.8yrs

Average Tenure

42yo

Average Age

Experienced Management: CURN's management team is considered experienced (2.8 years average tenure).


Board Age and Tenure

7.4yrs

Average Tenure

58yo

Average Age

Experienced Board: CURN's board of directors are considered experienced (7.4 years average tenure).


Insider Trading

Insider Buying: CURN insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$5,34507 Oct 19
Randolph Pinna
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares370
Max PriceUS$14.45
SellUS$13,01312 Jun 19
Khatuna Bezhitashvili
EntityIndividual
Role
Head of Human Resources
Vice President of Human Resources
Shares1,000
Max PriceUS$13.04
SellUS$130,01002 Apr 19
Linda Stromme
EntityIndividual
Shares7,200
Max PriceUS$18.06
SellUS$5,68827 Mar 19
Matthew Schillo
EntityIndividual
Role
Chief Operating Officer
Chief Operating Officer
Shares325
Max PriceUS$17.50
BuyUS$19,85212 Mar 19
Mark Mickleborough
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,050
Max PriceUS$18.91
BuyUS$4,46929 Jan 19
Mark Mickleborough
EntityIndividual
Role
Member of the Board of Directors
Director
Shares220
Max PriceUS$20.31

Ownership Breakdown


Management Team

  • Randolph Pinna (50yo)

    Chairman

    • Tenure: 12yrs
    • Compensation: US$603.34k
  • Stephen Fitzpatrick

    Chief Financial Officer

    • Tenure: 2.4yrs
    • Compensation: US$335.57k
  • Wade Bracy (37yo)

    Treasurer

    • Tenure: 2.8yrs
    • Compensation: US$245.43k
  • Matthew Schillo (42yo)

    Chief Operating Officer

    • Tenure: 12yrs
    • Compensation: US$196.83k
  • Khatuna Bezhitashvili

    Vice President of Human Resources

    • Tenure: 4.8yrs
  • Bob Dowd

    Senior Vice President of Sales & Marketing

    • Tenure: 3.8yrs
    • Compensation: US$387.29k
  • Katelyn Brown

    Director of Finance

    • Tenure: 1.4yrs
  • Bill Mitoulas

    Investor Relations Manager

    • Tenure: 0yrs
  • Lindsay Forrest-Quinn

    Corporate Secretary

    • Tenure: 1.5yrs
  • Dennis Winkel

    Senior VP & Chief Risk Officer

    • Tenure: 0.8yrs

Board Members

  • Jim Sardo (75yo)

    Independent Director

    • Tenure: 7.4yrs
    • Compensation: US$63.75k
  • Mark Mickleborough (59yo)

    Director

    • Tenure: 11.8yrs
    • Compensation: US$403.42k
  • Randolph Pinna (50yo)

    Chairman

    • Tenure: 12yrs
    • Compensation: US$603.34k
  • Stacey Mowbray (57yo)

    Director

    • Tenure: 0yrs
  • Johanne Brossard (58yo)

    Independent Director

    • Tenure: 1.4yrs
    • Compensation: US$52.50k
  • Chirag Bhavsar (49yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$80.00k
  • Joe August (73yo)

    Independent Director

    • Tenure: 8.5yrs
    • Compensation: US$55.00k
  • Chitwant Kohli

    Independent Director

    • Tenure: 1.6yrs
    • Compensation: US$55.31k
  • Daryl Yeo

    Director

    • Tenure: 0.6yrs

Company Information

Currency Exchange International, Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Currency Exchange International, Corp.
  • Ticker: CURN
  • Exchange: OTCPK
  • Founded: 1998
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: CA$117.260m
  • Listing Market Cap: CA$88.613m
  • Shares outstanding: 6.41m
  • Website: https://www.ceifx.com

Number of Employees


Location

  • Currency Exchange International, Corp.
  • 6675 Westwood Boulevard
  • Suite 300
  • Orlando
  • Florida
  • 32821
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CURNOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMar 2012
CXITSX (The Toronto Stock Exchange)YesCommon StockCACADMar 2012

Biography

Currency Exchange International, Corp. provides currency exchange and related products in the United States and Canada. Its services include foreign currency exchange, traveler’s cheques, multi-currency pr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 00:23
End of Day Share Price2019/10/11 00:00
Earnings2019/07/31
Annual Earnings2018/10/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.