Remitly Global (RELY) & Its Competitors Financial Analysis

Remitly Global (NASDAQ:RELY) is one of 192 public companies in the “Business services, not elsewhere classified” industry, but how does it contrast to its rivals? We will compare Remitly Global to related companies based on the strength of its earnings, institutional ownership, risk, profitability, analyst recommendations, dividends and valuation.

Analyst Recommendations

This is a summary of current ratings and price targets for Remitly Global and its rivals, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Remitly Global	0	2	8	0	2.80
Remitly Global Competitors	916	5989	12306	319	2.62

Remitly Global currently has a consensus price target of $22.75, indicating a potential upside of 13.92%. As a group, “Business services, not elsewhere classified” companies have a potential upside of 5.61%. Given Remitly Global’s stronger consensus rating and higher probable upside, research analysts plainly believe Remitly Global is more favorable than its rivals.

Profitability

This table compares Remitly Global and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Remitly Global	-5.63%	-11.58%	-6.57%
Remitly Global Competitors	-15.51%	-156.72%	-4.43%

Risk and Volatility

Remitly Global has a beta of 0.03, suggesting that its stock price is 97% less volatile than the S&P 500. Comparatively, Remitly Global’s rivals have a beta of 1.44, suggesting that their average stock price is 44% more volatile than the S&P 500.

Valuation and Earnings

This table compares Remitly Global and its rivals revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Remitly Global	$944.28 million	-$117.84 million	-57.06
Remitly Global Competitors	$4.34 billion	$454.57 million	6.05

Remitly Global’s rivals have higher revenue and earnings than Remitly Global. Remitly Global is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Insider and Institutional Ownership

74.3% of Remitly Global shares are owned by institutional investors. Comparatively, 57.6% of shares of all “Business services, not elsewhere classified” companies are owned by institutional investors. 8.1% of Remitly Global shares are owned by company insiders. Comparatively, 16.6% of shares of all “Business services, not elsewhere classified” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Summary

Remitly Global rivals beat Remitly Global on 7 of the 13 factors compared.

Remitly Global Company Profile

Remitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 170 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.