Using the industry peer median P/E Multiples multiple (trailing + forward), Remitly Global, Inc. (RELY) has a fair value of $11.84 based on 6 comparable companies in the Software - Infrastructure industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Remitly Global, Inc.RELY | 4,958 | 73.5x | 44.1x |
| DigitalOcean Holdings, Inc. | 17,104 | 65.0x | 93.7x |
| BlackBerry Limited | 3,745 | 70.8x | — |
| Dave Inc. | 3,446 | 18.9x | 70.9x |
| Euronet Worldwide, Inc. | 2,613 | 10.1x | 6.3x |
| SPS Commerce, Inc. | 2,098 | 23.2x | 13.8x |
| Agilysys, Inc. | 2,012 | 87.3x | 19.2x |
| Industry Median | 44.1x | 19.2x | |
| (*) Profit after tax | 68 | 113 | |
| Equity Value | 2,998 | 2,155 | |
| (/) Outstanding shares | 218 | 218 | |
| Fair Price | $14 | $10 | |
Using the industry peer median EV/EBITDA multiple (trailing + forward), Remitly Global, Inc. (RELY) has a fair value of $24.55 based on 8 comparable companies in the Software - Infrastructure industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/EBITDA | Forward EV/EBITDA | |
|---|---|---|---|
| Remitly Global, Inc.RELY | 4,958 | 44.5x | 37.2x |
| DigitalOcean Holdings, Inc. | 17,104 | 48.6x | 56.4x |
| BlackBerry Limited | 3,745 | 40.7x | 42.3x |
| Dave Inc. | 3,446 | 18.9x | 28.2x |
| Pattern Group Inc. Series A Common Stock | 2,628 | 56.2x | 44.1x |
| Euronet Worldwide, Inc. | 2,613 | 4.6x | 4.3x |
| Tenable Holdings, Inc. | 2,467 | 57.9x | 64.5x |
| SPS Commerce, Inc. | 2,098 | 10.7x | 10.7x |
| Agilysys, Inc. | 2,012 | 56.5x | 63.6x |
| Industry Median | 44.7x | 43.2x | |
| (*) EBITDA | 104 | 125 | |
| = Enterprise Value | 4,656 | 5,382 | |
| (-) Net Debt | -322 | -322 | |
| Equity Value | 4,978 | 5,704 | |
| (/) Outstanding shares | 218 | 218 | |
| Fair Price | $23 | $26 | |
Using the industry peer median EV/Revenue multiple (trailing + forward), Remitly Global, Inc. (RELY) has a fair value of $39.73 based on 8 comparable companies in the Software - Infrastructure industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/Revenue | Forward EV/Revenue | |
|---|---|---|---|
| Remitly Global, Inc.RELY | 4,958 | 2.8x | 2.4x |
| DigitalOcean Holdings, Inc. | 17,104 | 19.5x | 22.6x |
| BlackBerry Limited | 3,745 | 6.2x | 6.5x |
| Dave Inc. | 3,446 | 6.7x | 10.0x |
| Pattern Group Inc. Series A Common Stock | 2,628 | 0.9x | 0.7x |
| Euronet Worldwide, Inc. | 2,613 | 0.7x | 0.7x |
| Tenable Holdings, Inc. | 2,467 | 2.7x | 3.1x |
| SPS Commerce, Inc. | 2,098 | 2.6x | 2.6x |
| Agilysys, Inc. | 2,012 | 7.2x | 8.1x |
| Industry Median | 4.5x | 4.8x | |
| (*) Revenue | 1,635 | 1,954 | |
| = Enterprise Value | 7,336 | 9,310 | |
| (-) Net Debt | -322 | -322 | |
| Equity Value | 7,658 | 9,632 | |
| (/) Outstanding shares | 218 | 218 | |
| Fair Price | $35 | $44 | |
Using the PEG framework with analyst consensus forward EPS growth of 25.0%, the company has a fair value of $12.93 based on NTM EPS (FY2026) of $0.52. The current PEG ratio is 1.00.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
Growth above 25% is capped — hypergrowth may not be sustainable long-term.
| EPS Growth RateForward | 43.9% |
| Adjusted Growth (clamped 8–25%)Clamped | 25.0% |
| Fair P/E | 25.0x |
| NTM EPS (FY2026) | $0.52 |
| Fair Value | $12.93 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $0.31 | — | — |
| FY2026E | $0.52 | +66.9% | 7 |
| FY2027E | $0.76 | +46.2% | 7 |
| FY2028E | $1.02 | +34.7% | 4 |
| FY2029E | $1.46 | +43.3% | 3 |
| FY2030E | $1.91 | +30.8% | 3 |
5Y Forward EPS CAGR: 43.9%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $-38.8M | $-0.64 | — |
| FY2022 | $-114.0M | $-0.68 | — |
| FY2023 | $-117.8M | $-0.65 | — |
| FY2024 | $-37.0M | $-0.19 | — |
| FY2025 | $67.9M | $0.31 | — |
4Y Historical EPS CAGR: 0.0%
Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.