Added to YB: 2026-05-07
Pitch date: 2026-05-05
RELY [neutral]
Remitly Global, Inc.
-0.42%
current return
Author Info
No bio for this author
Company Info
Remitly Global, Inc., a cross-border payment company engages in the provision of digital financial services in the United States, Canada, and internationally.
Market Cap
$4.8B
Pitch Price
$23.83
Price Target
95.00 (+300%)
Dividend
N/A
EV/EBITDA
44.75
P/E
73.52
EV/Sales
2.72
Sector
Financial Services
Category
value
Remitly: Still Cheap after a 2X?
RELY (update): Trades 6.3% 2026E FCF yield, 10.5% 2028E yield vs mgmt guide. Beat Q4 rev/EBITDA, tracking ahead of model. 80% EBITDA-to-FCF conversion, ~$280M 2026 FCF, $470M 2028. $200M buyback Aug '25. CEO comp vests >$40/share. SBC dominates add-backs but dilution improving. 1% remittance tax tailwind Q1.
Read full article (2 min)