Remitly Global (RELY) versus Its Rivals Head to Head Review

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

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	-15.50%	-155.96%	-4.97%

Analyst Ratings

This is a breakdown of current ratings and recommmendations for Remitly Global and its rivals, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Remitly Global	0	2	8	0	2.80
Remitly Global Competitors	910	5959	12230	318	2.62

Remitly Global currently has a consensus target price of $22.38, indicating a potential upside of 14.74%. As a group, “Business services, not elsewhere classified” companies have a potential upside of 4.91%. Given Remitly Global’s stronger consensus rating and higher probable upside, research analysts clearly believe Remitly Global is more favorable than its rivals.

Insider and Institutional 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 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, meaning that its stock price is 97% less volatile than the S&P 500. Comparatively, Remitly Global’s rivals have a beta of 1.30, meaning that their average stock price is 30% more volatile than the S&P 500.

Valuation & Earnings

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

	Gross Revenue	Net Income	Price/Earnings Ratio
Remitly Global	$944.28 million	-$117.84 million	-55.71
Remitly Global Competitors	$6.10 billion	$453.55 million	-5.22

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.

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.