Understanding Remitly Values and Market Performance

Remitly's values are built on a foundation of innovation and customer-centricity. The company has disrupted the traditional money transfer industry by providing a faster, cheaper, and more transparent service.

Remitly's market performance is a testament to its values. In 2019, the company processed over $6 billion in transactions, a 60% increase from the previous year.

Remitly's commitment to innovation has led to the development of new products and services that meet the evolving needs of its customers. This includes the introduction of mobile money transfer services and the expansion of its global reach.

Remitly's customer-centric approach has earned it a loyal customer base and a reputation for excellent customer service. The company's customer satisfaction ratings are consistently high, with over 90% of customers reporting satisfaction with the service.

Broaden your view: Value of Money

Remitly's Enterprise Value has been on a wild ride. The current Enterprise Value is greater than its 3-year, 5-year, and 10-year historical averages.

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Remitly's Enterprise Value has fluctuated significantly over the years, with a maximum annual increase of 458.98% in 2019. This is a staggering growth rate that's hard to ignore.

Here's a breakdown of Remitly's Enterprise Value by year:

The minimum annual Enterprise Value was $600.11M in 2014, a far cry from the maximum annual Enterprise Value of $7.78B in 2020.

Remitly Global, Inc. (RELY) Enterprise Value by Quarter and Year is a fascinating topic, and let's dive into the numbers.

The maximum annual increase in Enterprise Value for Remitly Global, Inc. was a staggering 458.98% in 2019.

This massive growth was a result of significant investment and expansion efforts by the company. To put this into perspective, the Enterprise Value in 2019 was $7.75 billion, a substantial increase from the previous year.

Here's a breakdown of the Enterprise Value for Remitly Global, Inc. over the years:

As you can see, the Enterprise Value has fluctuated significantly over the years, with some years showing substantial growth and others experiencing decline. The minimum annual Enterprise Value was $600.11 million in 2014.

The maximum annual Enterprise Value was $7.78 billion in 2020, a remarkable achievement for the company.

Remitly's Enterprise Value has seen significant fluctuations over the years. The current Enterprise Value of Remitly Global, Inc. is greater than its 3-year historical average.

Looking at the bigger picture, it's clear that Remitly's Enterprise Value has surpassed its 5-year average as well. This suggests a notable increase in value over the past few years.

The company's Enterprise Value has also exceeded its 10-year historical average, indicating a substantial growth trend.

Remitly Global, Inc. (RELY) has an Enterprise Value that is greater than its 3-year, 5-year, and 10-year historical averages.

The company's valuation ratios show a Forward PE of 34.83, which is a significant multiple. The PS Ratio is 3.94, indicating that the company's stock price is relatively high compared to its sales.

Its Forward PS is 3.18, which is lower than the current PS Ratio. The PB Ratio is 7.60, and the P/TBV Ratio is 8.51.

In comparison to its peers, Remitly's PS Ratio is 3.8x, which is higher than the peer average of 3.6x. The table below shows the PS ratio for RELY vs its peers.

Remitly has a significant number of shares outstanding, with 198.06 million shares in circulation.

The company's share count has increased by 8.12% over the past year, indicating growth in its investor base.

Remitly's shares are largely held by institutions, with 55.82% of the total shares owned by these groups. This suggests a strong level of institutional support for the company.

Here's a breakdown of the ownership structure:

Remitly's valuation ratios are also worth considering. The company's Price-to-Sales (PS) Ratio is 3.94, which is higher than the US Diversified Financial industry average.

Remitly Global has a significant number of shares outstanding, with 198.06 million shares currently in circulation.

The number of shares has been increasing over time, with an 8.12% growth in the past year. This suggests that the company is expanding its equity base.

The shares outstanding have also seen a quarterly growth of 6.10%. This indicates a steady increase in the company's share capital.

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Remitly Global's shares are largely owned by institutions, with 55.82% of shares held by these entities. This is a common trend in the market, where institutional investors often hold a significant portion of a company's shares.

The float, which represents the shares available for trading, stands at 136.61 million. This is a significant portion of the total shares outstanding, indicating a relatively liquid market for Remitly Global's shares.

Here's a summary of the share statistics:

The valuation ratios of a company can give us a good idea of how expensive or cheap its stock is compared to its earnings. The PE Ratio of RELY is not available, but its Forward PE is 34.83.

The Forward PE is a more forward-looking metric that takes into account the company's expected earnings growth. RELY's Forward PE is significantly higher than the average of its peers, which is a red flag.

Here are the valuation ratios of RELY:

RELY's PS Ratio is also significantly higher than the industry average, which is another reason to be cautious.

The Price to Sales Ratio is a crucial metric to understand when evaluating Remitly's value. It's a simple ratio that compares the company's stock price to its revenue.

In the case of Remitly, its Price to Sales Ratio is 3.8x, which is considered expensive compared to its peers.

Let's take a look at how Remitly's Price to Sales Ratio stacks up against its industry average. According to the data, the US Diversified Financial industry average is 2.7x, making Remitly's 3.8x ratio even more striking.

Here's a comparison of Remitly's Price to Sales Ratio with its peers:

As you can see, Remitly's Price to Sales Ratio is indeed higher than its peers, but its estimated growth rate is also higher at 16.5%.