Added to YB: 2026-09-03
Pitch date: 2026-09-01
SE [bullish]
Sea Limited
+0.95%
current return
Author Info
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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
$69.5B
Pitch Price
$111.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
20.26
P/E
43.82
EV/Sales
2.33
Sector
Broadline Retail
Category
growth
Sea Ltd (SE): Investment Cycle Ends as Ads Inflect
SE: Sea is emerging from its fourth investment cycle with Shopee’s EBITDA margin on GMV recovering from 0.55% to 0.67% over two quarters and management guiding to $1 billion of FY26 Shopee adjusted EBITDA. Advertising is expected to supply 128 of the 194 basis points of margin expansion through FY30. The base case reaches $11.85 billion in consolidated adjusted EBITDA. At 13.6x CY27 EBITDA, the risk is that margins stall near the bear case’s 1%.
Read full article (3 min)