Box, Inc. (BOX) vs Remitly Global, Inc. (RELY)

Box, Inc. and Remitly Global, Inc. are both Software Infrastructure companies. Box, Inc. and Remitly Global, Inc. are of similar size ($4.5B and $4.4B). Remitly Global, Inc. trades at the lower P/E: 14.8× against 43.6×. Remitly Global, Inc. grew revenue faster over the last twelve months: 23.8% against 9.63%. Remitly Global, Inc. has the higher net margin (16.9% vs 8.14%) and the higher return on invested capital (23.6% vs 0.00%). Across the 20 metrics below, Remitly Global, Inc. leads on 17 and Box, Inc. on 3.

Valuation

Metric BOX RELY Software Infrastructure median
P/E 43.60 14.79 28.02
P/S 3.49 2.50 3.07
P/B n/m 4.01 3.36
Price to free cash flow 12.33 12.05 17.12
EV/EBITDA 21.80 18.52 14.91
EV/Sales 3.67 2.21 3.03
Earnings yield 2.29% 6.76% 0.13%
Free cash flow yield 8.11% 8.30% 1.15%

Profitability

Metric BOX RELY Software Infrastructure median
Gross margin 79.55% 61.46% 61.23%
Operating margin 9.43% 9.45% 0.00%
Net margin 8.14% 16.85% 0.00%
Free cash flow margin 28.36% 20.73% 1.67%
Return on equity (32.39%) 32.25% 0.59%
Return on assets 6.64% 22.32% 0.00%
Return on invested capital 0.00% 23.57% 0.00%

Growth

Metric BOX RELY Software Infrastructure median
Revenue growth (TTM) 9.63% 23.79% 13.41%
EPS growth (last fiscal year) (57.35%) 263.16% —
Revenue growth, 5-year CAGR 8.84% 44.79% 15.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BOX RELY Software Infrastructure median
Debt to equity (1.29) 0.00 0.06
Current ratio 1.06 3.18 1.55
Net debt to EBITDA (0.16) (3.10) 0.08

Dividend

Metric BOX RELY Software Infrastructure median
Dividend yield 0.19% — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric BOX RELY Software Infrastructure median
Market cap 4.43b 4.50b 835.96m

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