Reviewing Remitly Global (RELY) and Its Peers

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

Analyst Recommendations

This is a breakdown of recent ratings for Remitly Global and its rivals, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Remitly Global	0	2	8	0	2.80
Remitly Global Competitors	913	5976	12275	319	2.62

Remitly Global currently has a consensus price target of $22.38, suggesting a potential upside of 10.49%. As a group, “Business services, not elsewhere classified” companies have a potential upside of 4.18%. Given Remitly Global’s stronger consensus rating and higher probable upside, research analysts plainly believe Remitly Global is more favorable than its rivals.

Valuation & 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	-57.86
Remitly Global Competitors	$11.49 billion	$454.57 million	5.49

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.

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	-14.74%	-154.96%	-4.46%

Risk & Volatility

Remitly Global has a beta of 0.03, indicating that its share price is 97% less volatile than the S&P 500. Comparatively, Remitly Global’s rivals have a beta of 1.30, indicating that their average share price is 30% more volatile than the S&P 500.

Insider & Institutional Ownership

74.3% of Remitly Global shares are held by institutional investors. Comparatively, 57.6% of shares of all “Business services, not elsewhere classified” companies are held by institutional investors. 8.1% of Remitly Global shares are held by company insiders. Comparatively, 16.7% of shares of all “Business services, not elsewhere classified” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments 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.