Financial Review: Remitly Global (RELY) and Its Rivals

Remitly Global (NASDAQ:RELY) is one of 193 publicly-traded companies in the “Business services, not elsewhere classified” industry, but how does it compare to its peers? We will compare Remitly Global to related companies based on the strength of its risk, institutional ownership, valuation, earnings, dividends, profitability and analyst recommendations.

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	-15.31%	-159.06%	-4.11%

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	-59.94
Remitly Global Competitors	$11.80 billion	$456.28 million	9.01

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.

Analyst Ratings

This is a breakdown of current ratings and price targets for Remitly Global and its peers, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Remitly Global	0	1	8	0	2.89
Remitly Global Competitors	922	6009	12346	320	2.62

Remitly Global currently has a consensus price target of $22.75, indicating a potential upside of 8.44%. As a group, “Business services, not elsewhere classified” companies have a potential upside of 3.39%. Given Remitly Global’s stronger consensus rating and higher probable upside, analysts clearly believe Remitly Global is more favorable than its peers.

Volatility and Risk

Remitly Global has a beta of 0.1, meaning that its stock price is 90% less volatile than the S&P 500. Comparatively, Remitly Global’s peers have a beta of 1.52, meaning that their average stock price is 52% more volatile than the S&P 500.

Institutional and Insider Ownership

74.3% of Remitly Global shares are owned by institutional investors. Comparatively, 58.1% of shares of all “Business services, not elsewhere classified” companies are owned by institutional investors. 8.1% of Remitly Global shares are owned by insiders. Comparatively, 17.0% of shares of all “Business services, not elsewhere classified” companies are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Summary

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

About Remitly Global

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.