SE Stock Analysis: Sea | NYSE
Internet Retail | NYSE, USA | Market Cap: 55.908m USD | 12M Return: -42.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 309M
EPS Trend: 76.8%
Qual. Beats: 0
Rev. Trend: 98.6%
Qual. Beats: 3
Warnings
Tailwinds
No distinct edge detected
Seasonality 8.7 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
Sea Limited is a Singapore-headquartered technology company that operates across three core business segments: Digital Entertainment through its Garena gaming platform, E-commerce through the Shopee marketplace, and Digital Financial Services under the Monee brand, which spans consumer and SME lending, e-wallets, payments, banking, insurtech, and wealth products.
The company operates primarily in Southeast Asia, with additional presence in Latin America and other parts of Asia, serving both consumers and a wide range of sellers from small businesses to large retailers. Sea was incorporated in 2009 and rebranded from Garena Interactive Holding Limited in April 2017 ahead of its 2017 NYSE listing.
Sea is broadly categorized as a consumer internet and digital platform business, with a model that resembles a regional super-app approach, combining gaming, marketplace commerce, and fintech services within overlapping user bases. The interactive home entertainment sub-industry classification reflects the historical prominence of its Garena gaming franchise, including Free Fire, which has historically ranked among the highest-grossing mobile titles globally, though this is a sector-context note rather than a company-disclosed figure.
- Shopee margins expand as take rates rise and logistics costs decline
- TikTok Shop competition pressures Shopee GMV growth across Southeast Asia
- Garena Free Fire bookings recover amid easing gaming regulation
| Net Income: 1.61b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.15 > 0.02 and ΔFCF/TA 0.44 > 1.0 |
| NWC/Revenue: 34.80% < 20% (prev 33.35%; Δ 1.45% < -1%) |
| CFO/TA 0.19 > 3% & CFO 5.74b > Net Income 1.61b |
| Net Debt (-7.55b) to EBITDA (2.69b): -2.81 < 3 |
| Current Ratio: 1.58 > 1.5 & < 3 |
| Outstanding Shares: last quarter (636.2m) vs 12m ago 0.24% < -2% |
| Gross Margin: 44.27% > 18% (prev 44.00%; Δ 0.27% > 0.5%) |
| Asset Turnover: 92.57% > 50% (prev 75.19%; Δ 17.39% > 0%) |
| Interest Coverage Ratio: 91.60 > 6 (EBIT TTM 2.39b / Interest Expense TTM 26.1m) |
| A: 0.29 (Total Current Assets 23.9b - Total Current Liabilities 15.2b) / Total Assets 30.6b |
| B: -0.20 (Retained Earnings -6.16b / Total Assets 30.6b) |
| C: 0.09 (EBIT TTM 2.39b / Avg Total Assets 27.2b) |
| D: 0.73 (Book Value of Equity 12.9b / Total Liabilities 17.6b) |
| Altman-Z'' = 2.58 = A |
| DSRI: 1.15 (Receivables 8.87b/5.51b, Revenue 25.2b/17.9b) |
| GMI: 0.99 (GM 44.00% / 44.27%) |
| AQI: 0.78 (AQ_t 0.12 / AQ_t-1 0.16) |
| SGI: 1.41 (Revenue 25.2b / 17.9b) |
| TATA: -0.14 (NI 1.61b - CFO 5.74b) / TA 30.6b) |
| Beneish M = -2.77 (Cap -4..+1) = A |
As of June 30, 2026, the stock is trading at USD 92.95 with a total of 2,695,866 shares traded. Over the past week, the price has changed by +0.05%, over one month by +2.59%, over three months by +14.36% and over the past year by -42.38%.
Current recommended Stop Loss: 87.30 (which is 6.1% or 1.2 ATR below the current price).
Sea has received a consensus analysts rating of 4.40. Therefore, it is recommended to buy SE.
- StrongBuy: 21
- Buy: 7
- Hold: 7
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 140.5 | 51.2% |
P/E Trailing = 35.937
P/E Forward = 31.348
P/S = 2.219
P/B = 4.3497
P/EG = 1.3021
Revenue TTM = 25.2b USD
EBIT TTM = 2.39b USD
EBITDA TTM = 2.69b USD
Long Term Debt = 702.8m USD (from longTermDebt, last quarter)
Short Term Debt = 1.65b USD (from shortTermDebt, last quarter)
Debt = 5.21b USD (from shortLongTermDebtTotal, last quarter) + Leases 1.62b
Net Debt = -7.55b USD (calculated: Debt 5.21b - CCE 12.8b)
Enterprise Value = 48.4b USD (55.9b + Debt 5.21b - CCE 12.8b)
Interest Coverage Ratio = 91.60 (Ebit TTM 2.39b / Interest Expense TTM 26.1m)
EV/FCF = 10.87x (Enterprise Value 48.4b / FCF TTM 4.45b)
FCF Yield = 9.20% (FCF TTM 4.45b / Enterprise Value 48.4b)
FCF Margin = 17.66% (FCF TTM 4.45b / Revenue TTM 25.2b)
Net Margin = 6.40% (Net Income TTM 1.61b / Revenue TTM 25.2b)
Gross Margin = 44.27% ((Revenue TTM 25.2b - Cost of Revenue TTM 14.0b) / Revenue TTM)
Gross Margin QoQ = 44.32% (prev 43.76%)
Tobins Q-Ratio = 1.58 (Enterprise Value 48.4b / Total Assets 30.6b)
Interest Expense / Debt = 0.50% (Interest Expense 26.1m / Debt 5.21b)
Taxrate = 30.79% (728.8m / 2.37b)
NOPAT = 1.66b (EBIT 2.39b * (1 - 30.79%))
Current Ratio = 1.58 (Total Current Assets 23.9b / Total Current Liabilities 15.2b)
Debt / Equity = 0.41 (Debt 5.21b / totalStockholderEquity, last quarter 12.9b)
Debt / EBITDA = -2.81 (Net Debt -7.55b / EBITDA 2.69b)
Debt / FCF = -1.70 (Net Debt -7.55b / FCF TTM 4.45b)
Total Stockholder Equity = 11.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.92% (Net Income 1.61b / Total Assets 30.6b)
RoE = 14.24% (Net Income TTM 1.61b / Total Stockholder Equity 11.3b)
RoCE = 19.92% (EBIT 2.39b / Capital Employed (Equity 11.3b + L.T.Debt 702.8m))
RoIC = 10.48% (NOPAT 1.66b / Invested Capital 15.8b)
WACC = 11.67% (E(55.9b)/V(61.1b) * Re(12.72%) + D(5.21b)/V(61.1b) * Rd(0.50%) * (1-Tc(0.31)))
Discount Rate = 12.72% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 84.11 | Cagr: 4.93%
[DCF] Terminal Value 68.02% ; FCFF base≈4.01b ; Y1≈4.60b ; Y5≈6.77b
[DCF] Fair Price = 126.5 (EV 64.1b - Net Debt -7.55b = Equity 71.7b / Shares 567.0m; r=11.67% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 76.77 | EPS CAGR: 73.43% | SUE: 0.49 | # QB: 0
Revenue Correlation: 98.58 | Revenue CAGR: 29.21% | SUE: 2.42 | # QB: 3
EPS next Quarter (2026-09-30): EPS=1.03 | Chg30d=N/A | Revisions=+0% | Analysts=4
EPS current Year (2026-12-31): EPS=3.92 | Chg30d=-1.17% | Revisions=+9% | GrowthEPS=+23.7% | GrowthRev=+30.5%
EPS next Year (2027-12-31): EPS=5.30 | Chg30d=+2.10% | Revisions=+0% | GrowthEPS=+35.0% | GrowthRev=+21.3%
[Analyst] Revisions Ratio: +9%