Head-To-Head Analysis: Remitly Global (RELY) vs. Its Rivals

Remitly Global (NASDAQ:RELY) is one of 341 public companies in the “Financial Services” industry, but how does it compare to its rivals? We will compare Remitly Global to similar companies based on the strength of its analyst recommendations, dividends, valuation, risk, institutional ownership, profitability and earnings.

Institutional and Insider 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, 21.9% of shares of all “Financial Services” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Earnings & Valuation

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

	Gross Revenue	Net Income	Price/Earnings Ratio
Remitly Global	$1.64 billion	$67.93 million	19.88
Remitly Global Competitors	$6.69 billion	$1.09 billion	9.17

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

Profitability

This table compares Remitly Global and its rivals’ 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	-409.42%	-15.09%	-6.08%

Analyst Ratings

This is a breakdown of current recommendations and price targets for Remitly Global and its rivals, 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	6890	11641	443	2.50

Remitly Global presently has a consensus price target of $27.78, suggesting a potential upside of 0.50%. As a group, “Financial Services” companies have a potential downside of 6.74%. Given Remitly Global’s stronger consensus rating and higher possible upside, research analysts clearly believe Remitly Global is more favorable than its rivals.

Volatility & Risk

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

Summary

Remitly Global beats its rivals 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.