Remitly Global Stock Intrinsic Value – Remitly Global Disrupts Remittances Sector with Digital-First Fintech
January 3, 2024
🌥️Trending News
Remitly Global ($NASDAQ:RELY), a leading digital-first fintech, is disrupting the remittances sector with their innovative solutions. With operations in the United States, the UK, Canada, Australia, and the Eurozone, Remitly is transforming the way people send and receive money across borders. Remitly offers customers a streamlined, digital-first experience that reduces friction when sending funds overseas. Their online platform allows customers to make payments quickly and easily with minimal fees. Customers can also track their transactions in real time and receive notifications when the funds are delivered. Furthermore, Remitly utilizes advanced security measures to ensure customer funds remain safe and secure throughout the process. Remitly’s digital-first approach has enabled the company to expand its global reach and provide valuable services to more customers across the world.
Additionally, their customer-centric attitude has allowed them to build strong relationships with their customer base and ensure customer satisfaction. Therefore, Remitly is playing an instrumental role in revolutionizing the international payments industry and building a more connected world.
Stock Price
On Tuesday, REMITLY GLOBAL opened their stock at a price of $19.2, and ended the day down 2.2% to close at $19.0. This was a decrease from the prior closing price of 19.4. The company is a disruptor in the remittance sector, utilizing digital-first fintech to provide quick and efficient services. REMITLY GLOBAL has revolutionized the way money is transferred to friends and family around the world, offering a more secure process than traditional methods.
Their services are fast and reliable, allowing users to send money in minutes. With a focus on digital-first technology, they have been able to provide a seamless and complete user experience that caters to both senders and receivers of remittances. Because of their innovative approach, they have become a leader in the remittance sector and are poised to continue disrupting this industry for years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Remitly Global. More…
| Total Revenues | Net Income | Net Margin |
| 870.56 | -102.21 | -11.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Remitly Global. More…
| Operations | Investing | Financing |
| -96.47 | -49.74 | -6.64 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Remitly Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 832.75 | 306.96 | 2.9 |
Key Ratios Snapshot
Some of the financial key ratios for Remitly Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 72.8% | – | -11.5% |
| FCF Margin | ROE | ROA |
| -12.1% | -12.0% | -7.5% |
Analysis – Remitly Global Stock Intrinsic Value
GoodWhale’s financial analysis of REMITLY GLOBAL indicates that its underlying intrinsic value is approximately $19.6 per share. This value was calculated using our proprietary Valuation Line, which takes into account its financials and industry-specific trends. Currently, REMITLY GLOBAL stock is trading at a fair price of $19.0 per share – slightly undervalued by 2.8%. This provides an opportunity for investors to purchase the stock at a discount. More…
Peers
The company was founded in 2011 and is headquartered in Seattle, Washington. Remitly has offices in the United States, Canada, the Philippines, India, and the United Kingdom. The company offers money transfer services to more than 50 countries. Remitly’s competitors include Yeahka Ltd, Coveo Solutions Inc, Optiva Inc, and WorldRemit.
– Yeahka Ltd ($SEHK:09923)
The company’s market cap is 9.29B as of 2022. The company’s ROE is 3.37%. The company is engaged in the manufacture and sale of electronic products.
– Coveo Solutions Inc ($TSX:CVO)
Coveo Solutions Inc has a market cap of 561.87M as of 2022, a Return on Equity of 59.41%. The company focuses on providing search and artificial intelligence solutions for business. Its search platform helps organizations find and use information stored across the enterprise. The company’s artificial intelligence technology assists users in making better decisions by providing recommendations and predictions based on data analysis.
– Optiva Inc ($TSX:OPT)
Optiva Inc is a Canadian company that provides software solutions for the telecommunications industry. Its products are used by major telecommunications providers around the world, including AT&T, Verizon, and Vodafone. The company has a market capitalization of 108.11 million as of 2022 and a return on equity of -52.55%.
Summary
Investors looking at Remitly Global, a digital-first financial technology (fintech) company, should be aware of the company’s potential to disrupt the remittances sector. With its innovative digital products, Remitly continues to invest heavily in research and development in order to provide customers with the most reliable and secure money transfer services possible. Its competitive edge lies in its ability to offer competitive pricing, fast transfers, and reliable customer service. With its strong fundamentals and competitive edge, Remitly provides an attractive investment opportunity for those looking to diversify their portfolios.
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