Sea Limited

US$75.73As of Sun 8 Nov 2026, 12:00 UTC

NYSE:SEConsumer Disc

Country USA

PE (Fwd) •••

TSR 9Y CAGR 19.59%

Div yield —

ROE 14.73%

Internet Retail

Beta (5Y) 1.56

PE TTM 29.24

TSR TTM (51.53%)

Mkt cap US$46.38B

ROIC 21.65%

SE Grade™

—

Value

Quality

Moat

Consensus

Reference

$95

24.94%

(41.14%)

Hold 4|1|7|3|12

TTM

FYE 31 Dec USD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

0.525

Revenue$B

5.761

5.989

6.219

6.435

6.894

7.083

7.475

7.942

8.437

8.684

0.544

4.73%

4.44%

12.05

Revenue growth%

10.43

9.36

8.21

8.84

9.21

9.45

7.61

6.52

3.95

5.31

29.98

6.52

8.53

20.86

Gross margin%

25.67

25.80

27.27

26.52

29.08

27.45

26.64

29.12

27.89

25.51

19.83

27.45

26.95

14.82

Operating margin%

33.47

31.70

30.50

28.68

26.95

29.25

30.93

32.23

30.46

31.52

9.21

30.93

30.72

3.20

Net margin%

11.73

11.64

8.98

10.71

10.67

8.29

9.71

8.08

9.65

7.32

23.23

8.29

9.68

8.677

P/E ratio (avg)x

21.91

21.33

19.72

19.63

20.26

19.25

17.23

16.88

17.50

18.38

24.99

17.50

19.44

32.82

EV/EBITx

14.95

17.60

18.74

21.00

20.96

21.21

24.25

23.47

26.52

30.81

27.84

24.25

21.10

16.69

FCF yield (avg)%

1.94

4.77

4.04

3.86

0.98

0.78

1.02

0.40

0.41

2.83

18.63

0.78

1.48

21.79

FCF margin%

17.04

19.97

22.45

24.39

24.21

24.64

23.68

24.12

22.99

23.58

3.54

23.68

23.63

1.224

FCF / Net incomex

1.121

1.138

1.190

1.411

1.398

1.633

1.618

1.574

1.750

1.963

0.903

1.633

1.493

19.24

ROIC%

7.91

9.79

8.05

10.16

8.93

6.05

3.45

6.18

5.42

2.97

21.94

5.42

7.05

15.78

Return on equity%

21.48

22.73

20.74

18.02

18.62

19.74

18.20

16.46

15.01

12.17

29.43

16.46

18.41

20.77

Return on assets%

33.91

36.60

37.22

35.91

35.99

34.94

33.34

34.98

34.59

35.96

9.82

34.94

35.44

2.26

EPS$

5.78

6.02

6.42

6.99

6.55

6.17

6.67

7.52

7.41

8.72

2.42

5.88%

4.80%

—

15.87

EPS growth%

18.26

18.91

19.63

20.31

22.30

19.47

20.03

21.69

22.57

22.25

16.40

21.69

20.17

2.12

Bookvalue per sh$

3.27

3.03

3.40

3.62

4.05

4.20

4.33

4.46

4.05

4.28

3.56

1.11%

3.21%

—

6.66

FCF per share$

7.41

8.47

9.16

9.58

9.37

8.58

9.02

9.17

9.54

10.75

8.66

2.79%

4.44%

—

9.26

Dividend per sh$

9.96

10.47

9.65

10.51

11.43

11.58

10.87

11.98

13.71

15.11

10.24

5.74%

5.17%

—

26.80

Div yield (avg)%

15.19

15.57

17.06

18.19

18.87

16.17

18.05

18.06

18.03

15.62

17.48

18.03

17.54

14.43

Payout ratio%

0.40

1.12

0.40

1.42

0.40

13.86

0.40

0.615

Shares (diluted)B

0.635

0.660

0.669

0.777

0.891

1.038

1.128

1.250

1.214

1.242

0.603

6.86%

6.91%

13.39

Buyback yield%

17.48

20.00

20.93

23.63

23.41

25.83

25.58

28.29

28.41

29.56

20.96

28.29

24.61

1.779

D/E ratiox

0.248

0.269

0.244

0.246

0.267

0.243

0.222

0.220

0.234

0.258

1.502

0.234

0.245

3.374

Enterprise value$B

1.827

1.663

1.605

1.723

1.506

1.393

1.214

1.073

0.999

0.853

2.518

(10.74%)

(8.15%)

6.937

LT debt$B

8.791

9.428

9.471

10.28

12.11

13.33

14.88

16.72

18.71

19.92

7.067

10.47%

8.45%

Peers (US$46.38B)

Cap (US$)

Seagate Technology…

105.8B

24.18x

Grab Holdings Limited

13.77B

26.03x

JOYY Inc.

3.962B

19.06x

Workday, Inc.

46.49B

39.73x

Capital

TTM

10Y

Leveragex

0.814

(2.127)

(1.474)

EBIT/Intx

1.201

1.259

1.035

Own earn%

(1141.15)

(78.34)

(73.31)

Sh yield%

40.20

45.18

42.14

Owners

Insiders/Inst%

13.90

38.25

Short interest%

5.98

SBC / revenue%

5.34

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

27–33

$1 testx

—

Incr. ROIC%

Sea Limited operates E-commerce, Digital Financial Services and Digital Entertainment segments in Southeast Asia, Latin America, the rest of Asia and internationally, running the Shopee marketplace with payments and logistics, Garena online games and eSports, and Monee credit, e-wallet, payment, banking, insurance and wealth services, serving individuals, households, small and medium businesses, brands and large retailers.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$8.684B

4.44%

1.00×

Cost of revenue

$5.067B

4.17%

0.97×

Operating expenses

$1.184B

5.94%

1.15×