Reviewing Remitly Global (RELY) & Its Peers

Remitly Global (NASDAQ:RELY) is one of 192 publicly-traded companies in the “Business services, not elsewhere classified” industry, but how does it contrast to its rivals? We will compare Remitly Global to similar companies based on the strength of its profitability, risk, earnings, valuation, dividends, analyst recommendations and institutional ownership.

Earnings and Valuation

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

	Gross Revenue	Net Income	Price/Earnings Ratio
Remitly Global	$944.28 million	-$117.84 million	-60.11
Remitly Global Competitors	$4.28 billion	$454.57 million	9.10

Remitly Global’s rivals have higher revenue and earnings than Remitly Global. Remitly Global is trading at a lower price-to-earnings ratio than its rivals, 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, 57.6% 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, 16.7% of shares of all “Business services, not elsewhere classified” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Analyst Ratings

This is a breakdown of recent ratings and price targets for Remitly Global and its rivals, 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	918	5995	12320	320	2.62

Remitly Global currently has a consensus target price of $22.75, suggesting a potential upside of 8.13%. As a group, “Business services, not elsewhere classified” companies have a potential upside of 2.58%. Given Remitly Global’s stronger consensus rating and higher possible upside, equities analysts clearly believe Remitly Global is more favorable than its rivals.

Volatility and Risk

Remitly Global has a beta of 0.03, meaning that its share price is 97% less volatile than the S&P 500. Comparatively, Remitly Global’s rivals have a beta of 1.44, meaning that their average share price is 44% more volatile than the S&P 500.

Profitability

This table compares Remitly Global and its rivals’ 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	-16.14%	-157.70%	-4.45%

Summary

Remitly Global rivals 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.