Added to YB: 2026-05-27
Pitch date: 2026-05-24
SE [neutral]
Sea Limited
+0.64%
current return
Author Info
No bio for this author
Company Info
Sea Limited, through its subsidiaries, operates as a technology company in Southeast Asia, Latin America, the rest of Asia, and internationally.
Market Cap
$53.5B
Pitch Price
$88.45
Price Target
140.00 (+60%)
Dividend
N/A
EV/EBITDA
15.64
P/E
34.36
EV/Sales
1.85
Sector
Broadline Retail
Category
growth
Sea Limited: Can Sea 10x Again?
SE (pass): E-commerce dominates SEA w/ 52% GMV share vs Amazon's 38% in US. Free Fire mobile game (150M DAU peak, $2B+ annual rev, 50% margins) funds Shopee expansion & Monee fintech. Beat Alibaba-backed Lazada via mobile-first, hyper-local strategy. TikTok Shop risk overblown—growth slowed to 30% YoY vs Shopee's 25%. Monee 1.1% NPL (vs Meli's 17%) but disclosure gaps raise questions. Model: 20% rev CAGR, 14-15% margins by 2030, $140 fair value vs $85 current = 15% IRR. Cheaper than MELI but weaker flywheel; pass for now despite reasonable valuation.
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