Head to Head Analysis: Remitly Global (RELY) & Its Rivals

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 peers? We will compare Remitly Global to similar businesses based on the strength of its analyst recommendations, earnings, profitability, risk, valuation, institutional ownership and dividends.

Analyst Ratings

This is a summary of current ratings and recommmendations for Remitly Global and its peers, 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	917	5991	12318	320	2.62

Remitly Global presently has a consensus price target of $22.75, suggesting a potential upside of 10.01%. As a group, “Business services, not elsewhere classified” companies have a potential upside of 3.96%. Given Remitly Global’s stronger consensus rating and higher probable upside, equities research analysts plainly believe Remitly Global is more favorable than its peers.

Valuation & Earnings

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

	Gross Revenue	Net Income	Price/Earnings Ratio
Remitly Global	$944.28 million	-$117.84 million	-59.09
Remitly Global Competitors	$4.06 billion	$454.57 million	8.73

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.

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	-16.14%	-157.68%	-4.45%

Volatility & Risk

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 peers have a beta of 1.30, meaning that their average stock price is 30% more volatile than the S&P 500.

Insider and Institutional 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 company insiders. Comparatively, 16.7% of shares of all “Business services, not elsewhere classified” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Summary

Remitly Global peers beat Remitly Global on 7 of the 13 factors compared.

Remitly Global Company Profile

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.