Professional
Added to YB: 2025-06-02
Pitch date: 2025-05-29
SE [bullish]
Sea Limited
-49.56%
current return
Author Info
Hayden Capital is an investment firm that follows a research-intensive, concentrated strategy. We travel the world, seeking to invest in growing businesses run by world-class founders. Sign up for the newsletter.
Company Info
Sea Limited, through its subsidiaries, operates as a consumer internet company in Southeast Asia, Latin America, the rest of Asia, and internationally.
Market Cap
$46.7B
Pitch Price
$163.15
Price Target
N/A
Dividend
N/A
EV/EBITDA
14.70
P/E
31.29
EV/Sales
1.72
Sector
Broadline Retail
Category
growth
Hayden Capital Portfolio Holding: Sea Limited
SE (holding update): Shopee's Latin America expansion vindicated - Brazil operations approaching $150M EBITDA (1.1% of GMV) on $1.7B investment. Growth runway to $30B GMV by 2028 at ~2% margins could yield 28-42% returns. Brazilian presence creates defensible logistics moat and platform for regional expansion before Chinese competitors like Temu/TikTok Shop enter.
Read full article (5 min)