/
DCF Valuation
Base-case fair value
$54.68
Intrinsic $72.90 · 25% MOS
Current price: $20.43
Base-case summary
Our base-case DCF for Remitly Global, Inc. (RELY) projects 10 years of free cash flow growth at 20.0% for years 1–5 and 10.0% for years 6–10, anchored to 67.7% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $301M in trailing free cash flow, this produces an intrinsic value of $72.90 per share. A 25% safety margin gives a fair value of $54.68, suggesting the stock is currently 168% undervalued against the $20.43 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$301M
Cash & equivalents
$649M
Total debt
$39M
Shares outstanding
217M