Remitly Global (RELY) versus Its Competitors Head-To-Head Review

Remitly Global (NASDAQ:RELY) is one of 342 publicly-traded companies in the “Financial Services” industry, but how does it weigh in compared to its competitors? We will compare Remitly Global to similar businesses based on the strength of its risk, valuation, dividends, profitability, analyst recommendations, institutional ownership and earnings.

Insider & Institutional Ownership

74.3% of Remitly Global shares are held by institutional investors. Comparatively, 43.2% of shares of all “Financial Services” companies are held by institutional investors. 6.5% of Remitly Global shares are held by insiders. Comparatively, 22.0% of shares of all “Financial Services” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Valuation & Earnings

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

	Gross Revenue	Net Income	Price/Earnings Ratio
Remitly Global	$1.64 billion	$67.93 million	17.37
Remitly Global Competitors	$6.42 billion	$1.09 billion	8.38

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

Analyst Recommendations

This is a breakdown of recent recommendations for Remitly Global and its competitors, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Remitly Global	0	2	9	1	2.92
Remitly Global Competitors	1974	6876	11622	443	2.50

Remitly Global currently has a consensus price target of $27.78, suggesting a potential upside of 15.02%. As a group, “Financial Services” companies have a potential downside of 1.58%. Given Remitly Global’s stronger consensus rating and higher probable upside, equities research 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	16.85%	33.33%	21.92%
Remitly Global Competitors	-409.56%	-15.97%	-6.09%

Risk and Volatility

Remitly Global has a beta of 0.46, meaning that its share price is 54% less volatile than the S&P 500. Comparatively, Remitly Global’s competitors have a beta of 2.49, meaning that their average share price is 149% more volatile than the S&P 500.

Summary

Remitly Global beats its competitors on 9 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.