Financial Review: Remitly Global (RELY) versus The Competition

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 similar businesses based on the strength of its institutional ownership, profitability, risk, earnings, analyst recommendations, valuation and dividends.

Valuation & 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	-55.91
Remitly Global Competitors	$9.58 billion	$453.55 million	-4.74

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.

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	-15.28%	-155.98%	-4.99%

Risk & Volatility

Remitly Global has a beta of 0.03, indicating that its stock price is 97% less volatile than the S&P 500. Comparatively, Remitly Global’s peers have a beta of 1.43, indicating that their average stock price is 43% more volatile than the S&P 500.

Analyst Ratings

This is a breakdown of current ratings and price targets for Remitly Global and its peers, 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	909	5955	12225	317	2.62

Remitly Global presently has a consensus price target of $22.38, suggesting a potential upside of 14.33%. As a group, “Business services, not elsewhere classified” companies have a potential upside of 8.68%. Given Remitly Global’s stronger consensus rating and higher possible upside, analysts plainly believe Remitly Global is more favorable than its peers.

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 insiders. Comparatively, 16.7% of shares of all “Business services, not elsewhere classified” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company 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.