Financial Analysis: Remitly Global (NASDAQ:RELY) & Tenet Fintech Group (OTCMKTS:PKKFF)

Tenet Fintech Group (OTCMKTS:PKKFF) and Remitly Global (NASDAQ:RELY) are both business services companies, but which is the better investment? We will compare the two companies based on the strength of their institutional ownership, analyst recommendations, risk, profitability, earnings, valuation and dividends.

Profitability

This table compares Tenet Fintech Group and Remitly Global’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Tenet Fintech Group	N/A	N/A	N/A
Remitly Global	0.96%	2.31%	1.51%

Analyst Ratings

This is a summary of recent ratings and recommmendations for Tenet Fintech Group and Remitly Global, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Tenet Fintech Group	0	0	0	0	0.00
Remitly Global	0	1	8	0	2.89

Remitly Global has a consensus price target of $29.00, indicating a potential upside of 53.28%. Given Remitly Global’s stronger consensus rating and higher possible upside, analysts plainly believe Remitly Global is more favorable than Tenet Fintech Group.

Risk & Volatility

Tenet Fintech Group has a beta of 1.87, meaning that its share price is 87% more volatile than the S&P 500. Comparatively, Remitly Global has a beta of 0.13, meaning that its share price is 87% less volatile than the S&P 500.

Insider and Institutional Ownership

0.3% of Tenet Fintech Group shares are owned by institutional investors. Comparatively, 74.3% of Remitly Global shares are owned by institutional investors. 8.1% of Remitly Global shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Valuation & Earnings

This table compares Tenet Fintech Group and Remitly Global”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Tenet Fintech Group	$31.17 million	0.46	-$56.92 million	($0.32)	-0.18
Remitly Global	$1.26 billion	3.09	-$36.98 million	$0.06	315.33

Remitly Global has higher revenue and earnings than Tenet Fintech Group. Tenet Fintech Group is trading at a lower price-to-earnings ratio than Remitly Global, indicating that it is currently the more affordable of the two stocks.

Summary

Remitly Global beats Tenet Fintech Group on 13 of the 14 factors compared between the two stocks.

About Tenet Fintech Group

Tenet Fintech Group Inc., through its subsidiaries, provides various analytics and AI-based services to small-and-medium businesses and financial institutions. It offers Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members. The company was formerly known as Peak Fintech Group Inc. and changed its name to Tenet Fintech Group Inc. in November 2021. Tenet Fintech Group Inc. was incorporated in 2008 and is headquartered in Toronto, Canada.

About Remitly Global

Remitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 170 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.