Added to YB: 2026-06-24
Pitch date: 2026-06-21
SE [bullish]
Sea Limited
+23.32%
current return
Author Info
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
$66.4B
Pitch Price
$90.01
Price Target
N/A
Dividend
N/A
EV/EBITDA
19.97
P/E
42.67
EV/Sales
2.36
Sector
Broadline Retail
Category
growth
Emerging Compounder - Sea Limited
SE: 53.6% off highs. 3 businesses at 40%+ rev growth (Q1'26 rev +46.6%, net income +6.7%—deliberate reinvestment, not deterioration). Shopee take rate rising via ads (+80%) & VIP lock-in; Garena 61.6% EBITDA funds Monee (loan book +71%, 1.1% NPL). $10.3B net cash (~20% of cap), $1B buyback. Market implies Shopee+Monee nearly free. Risks: TikTok Shop (18%→25%+), Free Fire concentration, untested credit cycle, Li 59% voting, FX. Watch Shopee EBITDA % of GMV inflection for re-rating.
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