Remitly Global (RELY) vs. The Competition Critical Comparison

Remitly Global (NASDAQ:RELY) is one of 192 publicly-traded 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 businesses based on the strength of its analyst recommendations, dividends, institutional ownership, profitability, earnings, risk and valuation.

Institutional and Insider 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 hedge funds, endowments 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	-15.36%	-156.03%	-5.03%

Analyst Ratings

This is a summary of recent ratings and target prices 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	2	8	0	2.80
Remitly Global Competitors	908	5935	12198	317	2.62

Remitly Global presently has a consensus price target of $22.38, indicating a potential upside of 15.57%. As a group, “Business services, not elsewhere classified” companies have a potential upside of 8.29%. Given Remitly Global’s stronger consensus rating and higher possible upside, research analysts plainly believe Remitly Global is more favorable than its peers.

Risk & Volatility

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

Earnings and Valuation

This table compares Remitly Global and its peers revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Remitly Global	$944.28 million	-$117.84 million	-55.31
Remitly Global Competitors	$11.49 billion	$453.55 million	-4.11

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.

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.