(SE) Sea - Overview
Stock: E-Commerce, Digital Entertainment, Digital Payments, Credit Services
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 50.5% |
| Relative Tail Risk | -12.8% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.08 |
| Alpha | -31.85 |
| Character TTM | |
|---|---|
| Beta | 1.380 |
| Beta Downside | 1.474 |
| Drawdowns 3y | |
|---|---|
| Max DD | 60.46% |
| CAGR/Max DD | 0.32 |
Description: SE Sea January 27, 2026
Sea Limited (NYSE: SE) is a Singapore-based consumer-internet group that operates three core platforms across Southeast Asia, Latin America and other emerging markets: Shopee (mobile-first e-commerce marketplace), Garena (digital entertainment and esports hub), and SeaMoney (digital financial services including mobile wallets, credit, payments and insurance). The company serves both buyers-individuals and households-and sellers ranging from SMEs to large brands.
In its most recent quarter (Q4 2023), Shopee generated $2.2 bn in gross merchandise value (GMV), up 19% year-over-year, while Garena’s monthly active users (MAU) reached 457 million, a 12% increase YoY, driving $1.5 bn in gaming revenue. SeaMoney processed $13.4 bn in transactions during the quarter, reflecting a 28% YoY rise and a growing share of the region’s under-banked population. Overall, Sea reported consolidated revenue of $3.3 bn, up 23% YoY, though the firm remains loss-making on a GAAP basis.
Key drivers for Sea’s growth include the rapid expansion of internet penetration in Southeast Asia (projected to exceed 75% by 2027), rising discretionary spend on mobile gaming (CAGR ≈ 15% 2022-2027), and accelerating adoption of digital payments spurred by supportive regulatory reforms in markets such as Indonesia and Vietnam. Conversely, macro-headwinds-e.g., slower consumer spending in Latin America and heightened competition from regional e-commerce players-add uncertainty to near-term profitability.
For a deeper, data-driven assessment of Sea’s valuation dynamics, consider exploring the analyst tools available on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 8.0
| Net Income: 1.43b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.16 > 0.02 and ΔFCF/TA 3.35 > 1.0 |
| NWC/Revenue: 30.38% < 20% (prev 38.25%; Δ -7.86% < -1%) |
| CFO/TA 0.17 > 3% & CFO 4.57b > Net Income 1.43b |
| Net Debt (1.18b) to EBITDA (2.09b): 0.56 < 3 |
| Current Ratio: 1.44 > 1.5 & < 3 |
| Outstanding Shares: last quarter (635.6m) vs 12m ago 10.66% < -2% |
| Gross Margin: 44.92% > 18% (prev 0.42%; Δ 4450 % > 0.5%) |
| Asset Turnover: 86.85% > 50% (prev 71.90%; Δ 14.96% > 0%) |
| Interest Coverage Ratio: 49.61 > 6 (EBITDA TTM 2.09b / Interest Expense TTM 36.2m) |
Altman Z'' 0.77
| A: 0.24 (Total Current Assets 21.08b - Total Current Liabilities 14.69b) / Total Assets 26.75b |
| B: -0.26 (Retained Earnings -6.97b / Total Assets 26.75b) |
| C: 0.07 (EBIT TTM 1.79b / Avg Total Assets 24.22b) |
| D: -0.43 (Book Value of Equity -7.02b / Total Liabilities 16.45b) |
| Altman-Z'' Score: 0.77 = B |
Beneish M -2.94
| DSRI: 1.26 (Receivables 7.18b/4.23b, Revenue 21.04b/15.60b) |
| GMI: 0.93 (GM 44.92% / 42.00%) |
| AQI: 0.67 (AQ_t 0.12 / AQ_t-1 0.18) |
| SGI: 1.35 (Revenue 21.04b / 15.60b) |
| TATA: -0.12 (NI 1.43b - CFO 4.57b) / TA 26.75b) |
| Beneish M-Score: -2.94 (Cap -4..+1) = A |
What is the price of SE shares?
Over the past week, the price has changed by -6.82%, over one month by -24.04%, over three months by -29.32% and over the past year by -11.51%.
Is SE a buy, sell or hold?
- StrongBuy: 21
- Buy: 7
- Hold: 7
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the SE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 190 | 75.1% |
| Analysts Target Price | 190 | 75.1% |
| ValueRay Target Price | 105.1 | -3.2% |
SE Fundamental Data Overview February 03, 2026
P/E Forward = 31.1526
P/S = 3.2782
P/B = 7.0782
P/EG = 0.4017
Revenue TTM = 21.04b USD
EBIT TTM = 1.79b USD
EBITDA TTM = 2.09b USD
Long Term Debt = 294.6m USD (from longTermDebt, last quarter)
Short Term Debt = 2.90b USD (from shortTermDebt, last quarter)
Debt = 4.24b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.18b USD (from netDebt column, last quarter)
Enterprise Value = 70.14b USD (68.96b + Debt 4.24b - CCE 3.07b)
Interest Coverage Ratio = 49.61 (Ebit TTM 1.79b / Interest Expense TTM 36.2m)
EV/FCF = 16.63x (Enterprise Value 70.14b / FCF TTM 4.22b)
FCF Yield = 6.01% (FCF TTM 4.22b / Enterprise Value 70.14b)
FCF Margin = 20.05% (FCF TTM 4.22b / Revenue TTM 21.04b)
Net Margin = 6.78% (Net Income TTM 1.43b / Revenue TTM 21.04b)
Gross Margin = 44.92% ((Revenue TTM 21.04b - Cost of Revenue TTM 11.59b) / Revenue TTM)
Gross Margin QoQ = 43.42% (prev 45.82%)
Tobins Q-Ratio = 2.62 (Enterprise Value 70.14b / Total Assets 26.75b)
Interest Expense / Debt = 0.21% (Interest Expense 8.85m / Debt 4.24b)
Taxrate = 30.05% (161.1m / 536.1m)
NOPAT = 1.26b (EBIT 1.79b * (1 - 30.05%))
Current Ratio = 1.44 (Total Current Assets 21.08b / Total Current Liabilities 14.69b)
Debt / Equity = 0.42 (Debt 4.24b / totalStockholderEquity, last quarter 10.20b)
Debt / EBITDA = 0.56 (Net Debt 1.18b / EBITDA 2.09b)
Debt / FCF = 0.28 (Net Debt 1.18b / FCF TTM 4.22b)
Total Stockholder Equity = 9.30b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.89% (Net Income 1.43b / Total Assets 26.75b)
RoE = 15.34% (Net Income TTM 1.43b / Total Stockholder Equity 9.30b)
RoCE = 18.70% (EBIT 1.79b / Capital Employed (Equity 9.30b + L.T.Debt 294.6m))
RoIC = 10.27% (NOPAT 1.26b / Invested Capital 12.22b)
WACC = 10.37% (E(68.96b)/V(73.21b) * Re(11.0%) + D(4.24b)/V(73.21b) * Rd(0.21%) * (1-Tc(0.30)))
Discount Rate = 11.0% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 5.51%
[DCF Debug] Terminal Value 73.96% ; FCFF base≈3.61b ; Y1≈4.45b ; Y5≈7.58b
Fair Price DCF = 155.6 (EV 86.21b - Net Debt 1.18b = Equity 85.03b / Shares 546.5m; r=10.37% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 72.77 | EPS CAGR: 43.14% | SUE: -3.10 | # QB: 0
Revenue Correlation: 92.28 | Revenue CAGR: 17.96% | SUE: 1.74 | # QB: 1
EPS next Quarter (2026-03-31): EPS=1.08 | Chg30d=+0.012 | Revisions Net=-4 | Analysts=5
EPS next Year (2026-12-31): EPS=5.00 | Chg30d=-0.061 | Revisions Net=-2 | Growth EPS=+42.8% | Growth Revenue=+24.3%