Here's 3 comparable peer companies in Imex's space. All US billion dollar plus public entities.
Imex is publicly traded at a valuation of $3 million Canadian.
The 3 peer companies are far more evolved than Imex so from a comparison point of view, some serious valuation adjustments have to be made to arrive at fair value.
Nevertheless, Imex has an igov foundation already built and ready for immediate deployment.
The software is ready to go!
It's no stretch to say this is an undevalued, under the radar stock that is poised to deliver some serious speculative ROI.
eGov COMPETITORS
Tyler Technologies
•$841M Revenue
•$41M in R&D
• Market Cap $8.8 billion USD
About Tyler Technologies, Inc.
Tyler Technologies (NYSE: TYL) is a leading provider of end-to-end information management solutions and services for local governments. Tyler partners with clients to empower the public sector - cities, counties, schools and other government entities - to become more efficient, more accessible and more responsive to the needs of their constituents. Tyler's client base includes more than 15,000 local government offices in all 50 states, Canada, the Caribbean, Australia, and other international locations. In 2017, Forbes ranked Tyler on its "Most Innovative Growth Companies" list, and Fortune included Tyler on its "100 Fastest-Growing Companies" list. More information about Tyler Technologies, headquartered in Plano, Texas, can be found at www.tylertech.com.
MAXIMUS Inc.
•$2B Revenue
•Market Cap $4.1 Billion USD
About MAXIMUS
Since 1975, MAXIMUS has operated under its founding mission of Helping Government Serve the People®, enabling citizens around the globe to successfully engage with their governments at all levels and across a variety of health and human services programs. MAXIMUS delivers innovative business process management and technology solutions that contribute to improved outcomes for citizens and higher levels of productivity, accuracy, accountability and efficiency of government-sponsored programs. With more than 20,000 employees worldwide, MAXIMUS is a proud partner to government agencies in the United States, Australia, Canada, Saudi Arabia, Singapore and the United Kingdom. For more information, visit maximus.com.
NIC*
•5,500 Clients in Federal, State, Local Gov
•$336M Revenue, 950+ Employees
• Market Cap $1.1 Billion USD
About NIC
NIC Inc. (NASDAQ: EGOV) is the nation’s premier provider of innovative digital government solutions and secure payment processing, which help make government interactions more accessible for everyone through technology. The family of NIC companies has developed a library of more than 13,000 digital government services for more than 5,500 federal, state, and local government agencies. Among these solutions is the ground-breaking personal assistant for government, Gov2Go, delivering citizens personalized reminders and a single platform for all government interactions. More information is available at www.egov.com.