Head-To-Head Contrast: Remitly Global (RELY) & Its Peers

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

Earnings & Valuation

This table compares Remitly Global and its competitors revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Remitly Global	$944.28 million	-$117.84 million	-51.29
Remitly Global Competitors	$11.49 billion	$437.30 million	-0.46

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.

Institutional & Insider 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.

Volatility and Risk

Remitly Global has a beta of 0.1, meaning that its share price is 90% less volatile than the S&P 500. Comparatively, Remitly Global’s competitors have a beta of 1.29, meaning that their average share price is 29% more volatile than the S&P 500.

Analyst Ratings

This is a summary of current ratings for Remitly Global and its competitors, 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	906	5924	12175	317	2.62

Remitly Global currently has a consensus target price of $21.88, suggesting a potential upside of 21.87%. As a group, “Business services, not elsewhere classified” companies have a potential upside of 9.25%. Given Remitly Global’s stronger consensus rating and higher possible upside, analysts plainly believe Remitly Global is more favorable than its competitors.

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%	-11.99%	-6.49%
Remitly Global Competitors	-22.83%	-155.11%	-14.86%

Summary

Remitly Global beats its competitors 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.