Added to YB: 2026-08-14
Pitch date: 2026-08-12
SE [bullish]
Sea Limited
-3.24%
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
$78.5B
Pitch Price
$127.45
Price Target
260.00 (+111%)
Dividend
N/A
EV/EBITDA
23.07
P/E
49.47
EV/Sales
2.66
Sector
Broadline Retail
Category
growth
Sea Limited 2Q26: The Margin Beneath the Margin
SE: Q2'26 rev $7.8B (~$700M above consensus) but EBITDA $917M in-line as beats reinvested. Shopee ads +70%, core marketplace rev +65.6% on 28.4% GMV growth, logistics costs falling. Monee loan book +62% to $11.1B, NPLs 1.0%. Brazil/off-Shopee lending tests moat. At ~$127, PT $250-260 over 3yrs (mid-to-high-20s IRR); mgmt reaffirms 2-3% EBITDA/GMV path vs 0.7% today.
Read full article (6 min)