Remitly Global Inc RELY

Morningstar Rating
$21.77 +0.29 (1.35%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

RELY is trading within a range we consider fairly valued.
Price
$21.50
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
—

Trading Information

Previous Close Price
$21.48
Day Range
$21.74–22.48
52-Week Range
$12.08–27.48
Bid/Ask
$21.40 / $23.50
Shares Outstanding
211.68M
Market Cap
$4.61B
Volume/Avg
4M / 3M

Key Statistics

Price/Earnings (Normalized)
15.42
Price/Sales
2.58
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
0.53%

Company Profile

Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated from transaction fees charged to customers, and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
Sector
Technology
Industry
Software - Infrastructure
Stock Style Box
Small Growth
Total Number of Employees
3,200

Valuation

Metric
RELY
Price/Earnings (Normalized)
15.42
Price/Book Value
4.03
Price/Sales
2.58
Price/Cash Flow
12.70
Price/Earnings
RELY

Financial Strength

Metric
RELY
Quick Ratio
2.52
Current Ratio
3.18
Interest Coverage
16.44
Quick Ratio
RELY

Profitability

Metric
RELY
Return on Assets (Normalized)
30.79%
Return on Equity (Normalized)
46.83%
Return on Invested Capital (Normalized)
43.81%
Return on Assets
RELY

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