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Last $1.74 PHP
Change Today +0.08 / 4.82%
Volume 1.0K
I On Other Exchanges
Symbol
Exchange
Philippines
As of 11:58 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

i-remit inc (I) Snapshot

Open
$1.74
Previous Close
$1.66
Day High
$1.74
Day Low
$1.74
52 Week High
06/3/14 - $2.59
52 Week Low
04/10/15 - $1.53
Market Cap
1.1B
Average Volume 10 Days
6.9K
EPS TTM
$0.08
Shares Outstanding
612.8M
EX-Date
08/15/14
P/E TM
22.9x
Dividend
--
Dividend Yield
2.89%
Current Stock Chart for I-REMIT INC (I)

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i-remit inc (I) Details

I-Remit, Inc. provides fund transfer and remittance services to the overseas Filipino workers (OFWs) and other migrant workers worldwide. Its products and services include iRemit Visa Card, a debit and automated teller machine card-in-one that allows instant crediting of remittances from abroad; iCredit, a bank-to-bank online crediting facility; iDeliver, a door-to-door delivery of cash remittances to beneficiaries through in-house and third party couriers; and iNotify, which allows OFW beneficiaries to pick-up remittances from the branches of various commercial and thrift banks, and pawnshops. The company also provides iShop services that deliver Pinoy gifts and pasalubong; iPay bills payment service, which accepts payments for membership contributions, loan payments, and insurance premium; Globe G-Cash and Smart Padala short message service remittances; and iRemit Direct Online Remittance System, an Internet-based remittance service. In addition, it offers auxiliary services, such as liaising and coordinating with, and 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 companies. The company operates a network of approximately 1,400 remittance outlets covering various OFWs and Filipino migrants, and various strategic partnerships and tie-ups with various local and international banks, pawnshops, couriers, and telecommunications companies. I-Remit, Inc. was incorporated in 2001 and is headquartered in Pasig City, the Philippines.

324 Employees
Last Reported Date: 04/16/15
Founded in 2001

i-remit inc (I) Top Compensated Officers

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Executives, Board Directors

i-remit inc (I) Key Developments

I-Remit, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

I-Remit, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of PHP 180,687,842 compared to PHP 217,224,451 a year ago. Profit before tax was PHP 39,930,044 compared to PHP 37,528,620 a year ago. Profit was PHP 35,356,447 compared to PHP 31,588,830 a year ago. Profit attributable to equity holders of the parent was PHP 41,729,554 or PHP 0.058 per basic share compared to PHP 32,460,798 or PHP 0.052 per basic share a year ago. Net cash used in operating activities was PHP 349,237,799 compared to net cash from operating activities of PHP 4,968,749 a year ago. Additions to property and equipment were PHP 2,360,566 compared to PHP 2,765,842 a year ago. Return on equity (ROE) was 2.8% and return on assets was 1%. Revenues decreased mainly due to lower Delivery fees by PHP 24.0 million or -16.5% from PHP 145.1 million in First Quarter 2014 to PHP 121.1 million in First Quarter 2015 and lower foreign currency gain realized by PHP 12.5 million or -17.4% from PHP 71.9 million in First Quarter 2014 to PHP 59.4 million in First Quarter 2015.

I-Remit Inc. Announces Audited Consolidated and Parent Earnings Results for the Year Ended December 31, 2014

I-Remit Inc. announced audited consolidated and parent earnings results for the year ended December 31, 2014. For the year, on consolidated basis, the company reported return on equity of 0.7% against 4% a year ago. Return on assets was negative 0.3% against 2% a year ago. Earnings per share were PHP 0.02 against PHP 0.09 a year ago. Sales growth was negative 5% against 1% a year ago. Gross income was PHP 570.5 million against PHP 587.9 million a year ago. Revenue was PHP 773,614,092 against PHP 802,870,625 a year ago. Profit before tax was PHP 26,138,925 against PHP 79,599,380 a year ago. Profit was PHP 9,238,923 against PHP 54,030,978 a year ago. Net cash from operating activities was PHP 817,451,742 against net cash used in operating activities of PHP 93,884,418 a year ago. Additions to software were PHP 945,000 against PHP 13,083 a year ago. Additions to property and equipment were PHP 12,243,697 against PHP 15,656,139 a year ago. Net debt was PHP 1,088,551,862 as on December 31, 2014 against PHP 848,691,431 as on December 31, 2013. For the year, on parent basis, the company reported revenue of PHP 453,594,776 against PHP 481,682,380 a year ago. Profit before tax was PHP 33,408,024 against PHP 59,113,492 a year ago. Profit was PHP 23,426,013 against PHP 41,360,485 a year ago. Basic earnings per share were PHP 0.04 against PHP 0.07 a year ago. Net cash from operating activities was PHP 816,216,409 against net cash used in operating activities of PHP 251,291,427 a year ago. Additions to intangible assets were PHP 945,000 against PHP 13,083 a year ago. Additions to property and equipment were PHP 1,397,059 against PHP 4,357,682 a year ago. Net debt was PHP 1,611,324,809 as on December 31, 2014 against PHP 1,355,983,523 as on December 31, 2013.

I-Remit, Inc. Announces Appointment of Mr. Jose Joel Y. Pusta as Member of the Audit & Risk Committee and Finance Committee

I-Remit, Inc. announced that at the board of directors meeting held on November 21, 2014, the company appointed Mr. Jose Joel Y. Pusta as member of the audit & risk committee; and finance committee.

 

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Industry Analysis

I

Industry Average

Valuation I Industry Range
Price/Earnings 82.3x
Price/Sales 1.4x
Price/Book 0.8x
Price/Cash Flow 42.0x
TEV/Sales NM Not Meaningful
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