Remitly Global, Inc. (RELY)
NASDAQ: RELY · Real-Time Price · USD
22.61
+1.00 (4.63%)
At close: Dec 20, 2024, 4:00 PM
22.85
+0.24 (1.06%)
After-hours: Dec 20, 2024, 6:02 PM EST

Remitly Global Statistics

Total Valuation

Remitly Global has a market cap or net worth of $4.48 billion. The enterprise value is $4.17 billion.

Market Cap 4.48B
Enterprise Value 4.17B

Important Dates

The next estimated earnings date is Wednesday, February 19, 2025, after market close.

Earnings Date Feb 19, 2025
Ex-Dividend Date n/a

Share Statistics

Remitly Global has 198.06 million shares outstanding. The number of shares has increased by 8.12% in one year.

Current Share Class 198.06M
Shares Outstanding 198.06M
Shares Change (YoY) +8.12%
Shares Change (QoQ) +6.10%
Owned by Insiders (%) 5.82%
Owned by Institutions (%) 56.02%
Float 136.58M

Valuation Ratios

PE Ratio n/a
Forward PE 32.21
PS Ratio 3.68
Forward PS 2.96
PB Ratio 7.10
P/TBV Ratio 7.95
P/FCF Ratio 41.99
P/OCF Ratio 40.55
PEG Ratio 0.35
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 3.54
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF 39.08

Financial Position

The company has a current ratio of 2.66, with a Debt / Equity ratio of 0.02.

Current Ratio 2.66
Quick Ratio 1.91
Debt / Equity 0.02
Debt / EBITDA n/a
Debt / FCF 0.13
Interest Coverage -21.27

Financial Efficiency

Return on equity (ROE) is -11.46% and return on invested capital (ROIC) is -6.87%.

Return on Equity (ROE) -11.46%
Return on Assets (ROA) -4.51%
Return on Capital (ROIC) -6.87%
Revenue Per Employee $435,861
Profits Per Employee -$24,546
Employee Count 2,700
Asset Turnover 1.31
Inventory Turnover n/a

Taxes

In the past 12 months, Remitly Global has paid $11.56 million in taxes.

Income Tax 11.56M
Effective Tax Rate n/a

Stock Price Statistics

The stock price has increased by +21.56% in the last 52 weeks. The beta is 0.10, so Remitly Global's price volatility has been lower than the market average.

Beta (5Y) 0.10
52-Week Price Change +21.56%
50-Day Moving Average 18.76
200-Day Moving Average 15.99
Relative Strength Index (RSI) 70.17
Average Volume (20 Days) 1,573,191

Short Selling Information

The latest short interest is 8.16 million, so 4.12% of the outstanding shares have been sold short.

Short Interest 8.16M
Short Previous Month 9.25M
Short % of Shares Out 4.12%
Short % of Float 5.97%
Short Ratio (days to cover) 3.21

Income Statement

In the last 12 months, Remitly Global had revenue of $1.18 billion and -$66.28 million in losses. Loss per share was -$0.35.

Revenue 1.18B
Gross Profit 693.47M
Operating Income -65.07M
Pretax Income -93.88M
Net Income -66.28M
EBITDA -58.64M
EBIT -65.07M
Loss Per Share -$0.35
Full Income Statement

Balance Sheet

The company has $324.43 million in cash and $13.68 million in debt, giving a net cash position of $310.75 million or $1.57 per share.

Cash & Cash Equivalents 324.43M
Total Debt 13.68M
Net Cash 310.75M
Net Cash Per Share $1.57
Equity (Book Value) 630.82M
Book Value Per Share 3.19
Working Capital 537.16M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $110.43 million and capital expenditures -$3.78 million, giving a free cash flow of $106.65 million.

Operating Cash Flow 110.43M
Capital Expenditures -3.78M
Free Cash Flow 106.65M
FCF Per Share $0.54
Full Cash Flow Statement

Margins

Gross margin is 58.93%, with operating and profit margins of -5.53% and -5.63%.

Gross Margin 58.93%
Operating Margin -5.53%
Pretax Margin -4.65%
Profit Margin -5.63%
EBITDA Margin -4.98%
EBIT Margin -5.53%
FCF Margin 9.06%

Dividends & Yields

Remitly Global does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -8.12%
Shareholder Yield -8.12%
Earnings Yield -1.48%
FCF Yield 2.38%
Dividend Details

Analyst Forecast

The average price target for Remitly Global is $22.75, which is 0.62% higher than the current price. The consensus rating is "Buy".

Price Target $22.75
Price Target Difference 0.62%
Analyst Consensus Buy
Analyst Count 8
Revenue Growth Forecast (5Y) 21.02%
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

Remitly Global has an Altman Z-Score of 6.75 and a Piotroski F-Score of 5.

Altman Z-Score 6.75
Piotroski F-Score 5