Analyzing Remitly Global (RELY) and The Competition

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

Earnings & Valuation

This table compares Remitly Global and its peers top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Remitly Global	$944.28 million	-$117.84 million	-56.11
Remitly Global Competitors	$9.46 billion	$454.57 million	5.97

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

Risk & Volatility

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 peers have a beta of 1.31, meaning that their average share price is 31% more volatile than the S&P 500.

Profitability

This table compares Remitly Global and its peers’ 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	-15.66%	-154.85%	-4.68%

Analyst Ratings

This is a breakdown of recent ratings and target prices for Remitly Global and its peers, 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	913	5984	12295	319	2.62

Remitly Global currently has a consensus price target of $22.38, indicating a potential upside of 13.93%. As a group, “Business services, not elsewhere classified” companies have a potential upside of 6.90%. Given Remitly Global’s stronger consensus rating and higher possible upside, equities analysts plainly believe Remitly Global is more favorable than its peers.

Institutional & Insider Ownership

74.3% of Remitly Global shares are owned by institutional investors. Comparatively, 57.6% 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, 16.7% of shares of all “Business services, not elsewhere classified” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Summary

Remitly Global peers 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.