Head to Head Analysis: Remitly Global (RELY) vs. 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 competitors? We will compare Remitly Global to related companies based on the strength of its analyst recommendations, profitability, risk, institutional ownership, valuation, earnings and dividends.

Institutional & 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 company insiders. Comparatively, 16.8% of shares of all “Business services, not elsewhere classified” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

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%	-159.06%	-4.11%

Analyst Recommendations

This is a breakdown of current recommendations and price targets for Remitly Global and its competitors, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Remitly Global	0	1	8	0	2.89
Remitly Global Competitors	921	6003	12342	320	2.62

Remitly Global currently has a consensus price target of $22.75, suggesting a potential upside of 9.64%. As a group, “Business services, not elsewhere classified” companies have a potential upside of 3.56%. Given Remitly Global’s stronger consensus rating and higher possible upside, research analysts clearly believe Remitly Global is more favorable than its competitors.

Earnings and 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	$1.18 billion	-$117.84 million	-59.29
Remitly Global Competitors	$19.90 billion	$456.28 million	8.92

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.

Risk & Volatility

Remitly Global has a beta of 0.03, indicating that its share price is 97% less volatile than the S&P 500. Comparatively, Remitly Global’s competitors have a beta of 1.29, indicating that their average share price is 29% more volatile than the S&P 500.

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.