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RELY (Remitly Global) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Sep. 2024)


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What is Remitly Global Earnings Yield (Joel Greenblatt) %?

Remitly Global's Enterprise Value for the quarter that ended in Sep. 2024 was $2,302 Mil. Remitly Global's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was $-52 Mil. Remitly Global's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2024 was 0.00%.

The historical rank and industry rank for Remitly Global's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

RELY' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -16.5   Med: -3.79   Max: -0.25
Current: -3.22

During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of Remitly Global was -0.25%. The lowest was -16.50%. And the median was -3.79%.

RELY's Earnings Yield (Joel Greenblatt) % is ranked worse than
70.21% of 2843 companies
in the Software industry
Industry Median: 1.36 vs RELY: -3.22

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Remitly Global's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2024 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


Remitly Global Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Remitly Global's Earnings Yield (Joel Greenblatt) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Remitly Global Earnings Yield (Joel Greenblatt) % Chart

Remitly Global Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
- - -1.22 -6.60 -3.15

Remitly Global Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.25 -3.15 -2.62 -4.12 -

Competitive Comparison of Remitly Global's Earnings Yield (Joel Greenblatt) %

For the Software - Infrastructure subindustry, Remitly Global's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Remitly Global's Earnings Yield (Joel Greenblatt) % Distribution in the Software Industry

For the Software industry and Technology sector, Remitly Global's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Remitly Global's Earnings Yield (Joel Greenblatt) % falls into.



Remitly Global Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

Remitly Globals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-109.586/3478.70712
=-3.15 %

Remitly Global's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-52 Mil.



Remitly Global  (NAS:RELY) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Remitly Global Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Remitly Global's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Remitly Global Business Description

Industry
Traded in Other Exchanges
N/A
Address
1111 Third Avenue, Suite 2100, Seattle, WA, USA, 98101
Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated on transaction fees charged to customers and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
Executives
Joshua Hug director, officer: Chief Operating Officer 1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101
Matthew B. Oppenheimer director, officer: Chief Executive Officer 1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101
Gail A Miller officer: Chief Accounting Officer C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE, WA 98101
Rene Yoakum officer: EVP, Customer and Culture C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE WA 98101
Ankur Sinha officer: Chief Technology Officer C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE WA 98101
Hemanth Munipalli officer: Chief Financial Officer C/O REMITLY GLOBAL, INC., 1111 THIRD AVENUE, SUITE 2100, SEATTLE WA 98101
Bora Chung director C/O BILL.COM HOLDINGS, INC., 1810 EMBARCADERO ROAD, PALO ALTO CA 94303
Nigel W Morris director 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Phyllis J Campbell director C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Ryno Blignaut director C/O XOOM CORPORATION, 100 BUSH STREET, SUITE 300, SAN FRANCISCO CA 94104
Stripes Holdings, Llc 10 percent owner 402 WEST 13TH ST., 4TH FLOOR, NEW YORK NY 10014
Stripes Iii, Lp 10 percent owner 402 WEST 13TH STREET, 4TH FLOOR, NEW YORK NY 10014
Stripes Gp Iii, Llc 10 percent owner 402 WEST 13TH STREET, NEW YORK NY 10014
Kenneth A Fox 10 percent owner
William Kazuo Bryant director 1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101