Remitly Global stock: fair value
RELYThe fair value of Remitly Global under our model is $63.60, the price is 64% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $45.43 and expensive above $106.01 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $85.64 (cash-flow model) and $41.57 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 9.2%. At 10.2% the fair value would be $56.32, at 8.2% it would be $74.24.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (25.6).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 9.2% (government bond yield 3.8% plus beta 1.21 times a risk premium of 4.5%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $85.64 per share: free cash flow for the next ten years, each year discounted to today at 9.2%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 9.2%) |
|---|---|---|---|---|
| 2026 | $459.35M | extrapolated at 50.0% | 0.9155 | $420.52M |
| 2027 | $625.24M | extrapolated at 36.1% | 0.8381 | $524M |
| 2028 | $790.48M | extrapolated at 26.4% | 0.7672 | $606.49M |
| 2029 | $945.8M | extrapolated at 19.7% | 0.7024 | $664.31M |
| 2030 | $1.09B | extrapolated at 14.9% | 0.6430 | $698.79M |
| 2031 | $1.21B | extrapolated at 11.6% | 0.5887 | $713.81M |
| 2032 | $1.32B | extrapolated at 9.3% | 0.5389 | $713.96M |
| 2033 | $1.43B | extrapolated at 7.6% | 0.4933 | $703.47M |
| 2034 | $1.52B | extrapolated at 6.5% | 0.4516 | $685.79M |
| 2035 | $1.6B | extrapolated at 5.7% | 0.4135 | $663.55M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $6.39B |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (9.2% − 3.8%) | $30.84B |
| Present value of terminal value (× 0.4135) | $12.75B |
| Equity value (sum plus present value of terminal value) | $19.14B |
| Shares (diluted) | 223.55M |
| Value per share (equity value divided by shares) | $85.64 |
| Earnings per share, last twelve months | $1.63 |
| × 25.6 (industry P/E) | $41.57 |
| Fair value (average of both parts) | $63.60 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 7 Aug 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.