Remitly Global (RELY) and Its Competitors Financial Analysis

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

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 company insiders. Comparatively, 16.8% of shares of all “Business services, not elsewhere classified” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Risk and 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 competitors have a beta of 1.31, indicating that their average stock price is 31% more volatile than the S&P 500.

Analyst Recommendations

This is a breakdown of current recommendations and price targets for Remitly Global and its competitors, 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	919	5998	12328	320	2.62

Remitly Global currently has a consensus target price of $22.75, indicating a potential upside of 9.32%. As a group, “Business services, not elsewhere classified” companies have a potential upside of 0.98%. Given Remitly Global’s stronger consensus rating and higher possible upside, analysts plainly believe Remitly Global is more favorable than its competitors.

Profitability

This table compares Remitly Global and its competitors’ 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%

Earnings & Valuation

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

	Gross Revenue	Net Income	Price/Earnings Ratio
Remitly Global	$944.28 million	-$117.84 million	-59.46
Remitly Global Competitors	$4.12 billion	$459.32 million	9.18

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

Summary

Remitly Global competitors 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.