Head to Head Survey: Remitly Global (RELY) versus The Competition

Remitly Global (NASDAQ:RELY) is one of 192 public 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 related businesses based on the strength of its profitability, analyst recommendations, risk, institutional ownership, dividends, earnings and valuation.

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%

Earnings and Valuation

This table compares Remitly Global and its peers gross revenue, earnings per share 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.

Risk & Volatility

Remitly Global has a beta of 0.03, suggesting that its stock price is 97% less volatile than the S&P 500. Comparatively, Remitly Global’s peers have a beta of 1.30, suggesting that their average stock price is 30% more volatile than the S&P 500.

Analyst Ratings

This is a summary of current ratings and recommmendations for Remitly Global and its peers, as provided by MarketBeat.com.

	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 currently has a consensus price target of $22.75, indicating 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 possible upside, equities analysts clearly believe Remitly Global is more favorable than its peers.

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 endowments, hedge funds and large money managers 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.

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.