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Remitly Global, Inc. RELY NASDAQ

NASDAQ Global Select • Technology • Software - Infrastructure • US • USD

SharesGrow Score
69/100
5/7 Pass
SharesGrow Intrinsic Value
$61.55
+243.5%
Analyst Price Target
$19.00
+6%

Remitly Global, Inc. (RELY) is a Software - Infrastructure company in the Technology sector, currently trading at $17.92. It has a SharesGrow Score of 69/100, indicating a above average investment profile with 5 out of 7 criteria passed.

SharesGrow calculates the intrinsic value of RELY = $61.55 (+243.5% from the current price, the stock appears undervalued). Analyst consensus target is RELY = $19 (+6% upside).

Valuation: RELY trades at a trailing Price-to-Earnings (P/E) of 51.6 (S&P 500 average ~25) with a forward Price/Earnings-to-Growth (PEG) of 1.1.

Financials: revenue is $1.6B, +35.9%/yr average growth. Net income is $68M, growing at +116.3%/yr. Net profit margin is 4.2% (thin). Gross margin is 57.1% (+7.1 pp trend).

Balance sheet: total debt is $220M against $869M equity (Debt-to-Equity (D/E) ratio 0.25, conservative). Current ratio is 3.3 (strong liquidity). Debt-to-assets is 15.1%. Total assets: $1.5B.

Analyst outlook: 12 / 13 analysts rate RELY as buy (92%) — strong consensus.

SharesGrow 7-Criteria breakdown: Value 66/100 (Pass), Growth 100/100 (Pass), Past 25/100 (Fail), Health 100/100 (Pass), Moat 74/100 (Pass), Future 88/100 (Pass), Income 30/100 (Fail).

$19.00
▲ 6.03% Upside
Average Price Target
Based on 13 Wall Street analysts offering 12-month price targets for Remitly Global, Inc., the average price target is $19.00, with a high forecast of $20.00, and a low forecast of $17.00.
Highest Price Target
$20.00
Average Price Target
$19.00
Lowest Price Target
$17.00

RELY SharesGrow Score Overview

69/100
SharesGrow Score
Above average fundamentals
View full scorecard →
VALUE 66/100
Valuation — P/E, PEG, Forward PEG
GROWTH 100/100
Financials — average growth
PAST 25/100
strong — trend
HEALTH 100/100
Balance sheet — Debt-to-Equity (D/E) ratio, Current ratio is
MOAT 74/100
Gross margin is + market cap
FUTURE 88/100
Analyst outlook — as buy
INCOME 30/100
Net profit margin is
Scores derived from financial statements, analyst ratings, and balance sheet data.

Score Breakdown — RELY

VALUE Pass
66/100
RELY trades at a trailing Price-to-Earnings (P/E) of 51.6 (S&P 500 average ~25). Forward PEG 1.1 — ~moderate (~1.5). Trailing PEG 0.26. Analyst consensus target is $19, implying +6% from the current price $18. Composite: Price-to-Earnings (20%) + Forward Price/Earnings-to-Growth (35%) + upside (25%) + trailing PEG (20%). ≥ 60 = Pass.
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GROWTH Pass
100/100
RELY: +35.9%/yr revenue is, +116.3%/yr Net income is average growth. > 5%/yr — strong. Score: >20%/yr = 100, >10% = 80, >5% = 65, >0% = 45, < 0 = 15.
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PAST Fail
25/100
RELY: 1 / 4 years profitable. weak. Score = 1 / 4 × 100. ≥ 80 = Pass.
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HEALTH Pass
100/100
Balance sheet RELY: Debt-to-Equity (D/E) ratio 0.25 (conservative), Current ratio is 3.3 (strong liquidity). Debt-to-Equity < 0.5, Current Ratio > 1.5, Interest Coverage > 8x = ideal. ≥ 70 = Pass.
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MOAT Pass
74/100
RELY: Gross margin is 57.1% (+7.1 pp trend), $4B market cap. Moat (0-100): margin (35%) + trend (15%) + market cap (30%) + revenue is (20%). Score 74/100. ≥ 70 = Pass.
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FUTURE Pass
88/100
Analyst outlook: 12 / 13 analysts rate RELY as buy (92%). Analyst consensus target is $19 (+6% upside). Score: 60% buy consensus + 40% upside. ≥ 60 = Pass.
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INCOME Fail
30/100
RELY: Net profit margin is 4.2%. thin (0-5%). Score: ≥30% = 100, ≥20% = 85, ≥15% = 70, ≥10% = 55, ≥5% = 45, ≥0% = 30, < 0 = 10.
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Stock Chart & Stats

Market Data
52-Week Range12.08-24.705
Volume4.53M
Avg Volume (30D)3.7M
Market Cap$3.77B
Beta (1Y)0.09
Share Statistics
EPS (TTM)0.33
Shares Outstanding$205.83M
IPO Date2021-09-23
Employees2,800
CEOSebastian J. Gunningham
Financial Highlights & Ratios
Revenue (TTM)$1.64B
Gross Profit$934.37M
EBITDA$104.27M
Net Income$67.93M
Operating Income$81.65M
Total Cash$828.88M
Total Debt$220.26M
Net Debt$-322.17M
Total Assets$1.46B
Price / Earnings (P/E)54.3
Price / Sales (P/S)2.31
Analyst Forecast
1Y Price Target$20.00
Target High$20.00
Target Low$17.00
Upside+11.6%
Rating ConsensusBuy
Analysts Covering13
Buy 92% Hold 8% Sell 0%
Price Target Summary
Company Info
CountryUS
ExchangeNASDAQ Global Select
CurrencyUSD
ISINUS75960P1049

Price Chart

RELY
Remitly Global, Inc.  ·  NASDAQ Global Select
Technology • Software - Infrastructure
12.08 52WK RANGE 24.71
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