Financial Review: Remitly Global (RELY) and The Competition

Remitly Global (NASDAQ:RELY) is one of 191 public companies in the “Business services, not elsewhere classified” industry, but how does it weigh in compared to its peers? We will compare Remitly Global to related companies based on the strength of its risk, analyst recommendations, institutional ownership, valuation, profitability, dividends and earnings.

Risk and 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 peers have a beta of 1.30, indicating that their average share price is 30% more volatile than the S&P 500.

Valuation and Earnings

This table compares Remitly Global and its peers top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Remitly Global	$944.28 million	-$117.84 million	-58.63
Remitly Global Competitors	$4.12 billion	$459.32 million	9.52

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

Institutional & Insider Ownership

74.3% of Remitly Global shares are held by institutional investors. Comparatively, 58.1% of shares of all “Business services, not elsewhere classified” companies are held by institutional investors. 8.1% of Remitly Global shares are held by insiders. Comparatively, 16.8% of shares of all “Business services, not elsewhere classified” companies are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Profitability

This table compares Remitly Global and its peers’ 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	-15.56%	-158.40%	-4.18%

Analyst Ratings

This is a breakdown of current recommendations and price targets for Remitly Global and its peers, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Remitly Global	0	2	8	0	2.80
Remitly Global Competitors	918	5995	12323	320	2.62

Remitly Global currently has a consensus target price of $22.75, indicating a potential upside of 10.87%. As a group, “Business services, not elsewhere classified” companies have a potential upside of 1.01%. Given Remitly Global’s stronger consensus rating and higher possible upside, analysts clearly believe Remitly Global is more favorable than its peers.

Summary

Remitly Global peers 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.