BlackBerry Limited (BB) vs Remitly Global, Inc. (RELY)

BlackBerry Limited and Remitly Global, Inc. are both Software Infrastructure companies. BlackBerry Limited is the larger, with a market value of $5.2B against $4.5B — 1.2× the size. Remitly Global, Inc. trades at the lower P/E: 14.8× against 86.9×. Remitly Global, Inc. grew revenue faster over the last twelve months: 23.8% against 8.83%. Remitly Global, Inc. has the higher net margin (16.9% vs 10.3%) and the higher return on invested capital (23.6% vs 6.45%). Across the 21 metrics below, Remitly Global, Inc. leads on 19 and BlackBerry Limited on 2.

Valuation

Metric BB RELY Software Infrastructure median
P/E 86.88 14.79 28.02
P/S 8.30 2.50 3.07
P/B 6.42 4.01 3.36
Price to free cash flow 78.97 12.05 17.12
EV/EBITDA 62.01 18.52 14.91
EV/Sales 8.31 2.21 3.03
Earnings yield 1.15% 6.76% 0.13%
Free cash flow yield 1.27% 8.30% 1.15%

Profitability

Metric BB RELY Software Infrastructure median
Gross margin 77.13% 61.46% 61.23%
Operating margin 10.62% 9.45% 0.00%
Net margin 10.31% 16.85% 0.00%
Free cash flow margin 10.51% 20.73% 1.67%
Return on equity 8.10% 32.25% 0.59%
Return on assets 4.88% 22.32% 0.00%
Return on invested capital 6.45% 23.57% 0.00%

Growth

Metric BB RELY Software Infrastructure median
Revenue growth (TTM) 8.83% 23.79% 13.41%
EPS growth (last fiscal year) 169.23% 263.16% —
Revenue growth, 5-year CAGR (9.27%) 44.79% 15.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BB RELY Software Infrastructure median
Debt to equity 0.26 0.00 0.06
Current ratio 2.20 3.18 1.55
Net debt to EBITDA (2.47) (3.10) 0.08

Dividend

Metric BB RELY Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric BB RELY Software Infrastructure median
Market cap 5.19b 4.50b 835.96m

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