Comparing Remitly Global (RELY) & Its Rivals

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

Valuation & Earnings

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

	Gross Revenue	Net Income	Price/Earnings Ratio
Remitly Global	$944.28 million	-$117.84 million	-59.51
Remitly Global Competitors	$20.04 billion	$459.32 million	9.02

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.

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, 16.8% 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 stock will outperform the market over the long term.

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 competitors have a beta of 1.49, indicating that their average stock price is 49% more volatile than the S&P 500.

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	-15.31%	-158.76%	-4.12%

Analyst Ratings

This is a summary of recent ratings 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	920	6001	12331	320	2.62

Remitly Global presently has a consensus target price of $22.75, suggesting a potential upside of 9.22%. As a group, “Business services, not elsewhere classified” companies have a potential upside of 1.85%. Given Remitly Global’s stronger consensus rating and higher possible upside, equities research analysts plainly believe Remitly Global is more favorable than its competitors.

Summary

Remitly Global competitors 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.