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Remitly Global - Stock

Remitly Global P/E 2024

Remitly Global P/E

-31.2

Ticker

RELY

ISIN

US75960P1049

As of Jul 10, 2024, Remitly Global's P/E ratio was -31.2, a 9.63% change from the -28.46 P/E ratio recorded in the previous year.

The Remitly Global P/E history

Remitly Global Aktienanalyse

What does Remitly Global do?

Remitly Global Inc is an international FinTech company based in Seattle, Washington. It was founded in 2011 by Matt Oppenheimer, Shivaas Gulati, and Neil Mahajan. Remitly specializes in money transfers to low-income countries and currently offers its services in over 20 countries worldwide. Remitly's business model is based on a mobile platform that allows customers to transfer money in real-time and at lower fees. The company also provides a 100% guarantee on the exchange rate as well as a money-back guarantee for unsatisfied customers. Remitly's various divisions include the retail customer market, the corporate customer market, and the e-commerce market. Through its platform, retail customers can send money to family and friends abroad. Remitly offers currencies such as the US dollar, the euro, and the Canadian dollar, as well as emerging market currencies such as the Mexican peso and the Philippine peso. For businesses, Remitly offers a fully integrated platform that allows corporate clients to pay international invoices, manage their payment flows, and reduce their international transaction fees. In the e-commerce market, Remitly offers real-time payment processing to accelerate the international expansion of e-commerce companies. Customers can also make transfers from their smartphones through Remitly's mobile platform. Remitly aims to make financial services more affordable and accessible. The company works closely with local banks and financial institutions in the countries where it operates to enhance its services and ensure seamless integration into the local financial infrastructure. In 2019, Remitly partnered with Visa to expand its card processing and payout services in countries such as the Philippines, India, and Mexico. This collaboration aims to make it easier for Remitly customers to process their transfers and withdraw money in local currency. Overall, Remitly is an emerging company that offers an innovative, user-friendly platform to facilitate international money transfers. Through its various business divisions, the company covers a wide range of financial transactions and services and is committed to making financial services more accessible and affordable. Remitly Global ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/E Details

Deciphering Remitly Global's P/E Ratio

The Price to Earnings (P/E) Ratio of Remitly Global is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.

Year-to-Year Comparison

Assessing Remitly Global's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.

Impact on Investments

The P/E ratio of Remitly Global is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.

Interpreting P/E Ratio Fluctuations

Fluctuations in Remitly Global’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.

Frequently Asked Questions about Remitly Global stock

What is the price-to-earnings ratio of Remitly Global?

The price-earnings ratio of Remitly Global is currently -31.2.

How has the price-earnings ratio of Remitly Global changed compared to last year?

The price-to-earnings ratio of Remitly Global has increased by 9.63% increased compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Remitly Global high compared to other companies?

Yes, the price-to-earnings ratio of Remitly Global is high compared to other companies.

How does an increase in the price-earnings ratio of Remitly Global affect the company?

An increase in the price-earnings ratio of Remitly Global would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Remitly Global affect the company?

A decrease in the price-earnings ratio of Remitly Global would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Remitly Global?

Some factors that influence the price-earnings ratio of Remitly Global are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Remitly Global pay?

Over the past 12 months, Remitly Global paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Remitly Global is expected to pay a dividend of 0 USD.

What is the dividend yield of Remitly Global?

The current dividend yield of Remitly Global is .

When does Remitly Global pay dividends?

Remitly Global pays a quarterly dividend. This is distributed in the months of .

How secure is the dividend of Remitly Global?

Remitly Global paid dividends every year for the past 0 years.

What is the dividend of Remitly Global?

For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.

In which sector is Remitly Global located?

Remitly Global is assigned to the 'Information technology' sector.

Wann musste ich die Aktien von Remitly Global kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Remitly Global from 7/10/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 7/10/2024.

When did Remitly Global pay the last dividend?

The last dividend was paid out on 7/10/2024.

What was the dividend of Remitly Global in the year 2023?

In the year 2023, Remitly Global distributed 0 USD as dividends.

In which currency does Remitly Global pay out the dividend?

The dividends of Remitly Global are distributed in USD.

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Andere Kennzahlen von Remitly Global

Our stock analysis for Remitly Global Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Remitly Global Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.