(SE) Sea - Ratings and Ratios
E-Commerce, Digital Entertainment, Digital Payments, Financial Services
EPS (Earnings per Share)
Revenue
Dividends
Currently no dividends paid| Risk via 5d forecast | |
|---|---|
| Volatility | 49.7% |
| Value at Risk 5%th | 71.1% |
| Relative Tail Risk | -13.08% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.44 |
| Alpha | -5.79 |
| CAGR/Max DD | 0.58 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.386 |
| Beta | 1.394 |
| Beta Downside | 1.666 |
| Drawdowns 3y | |
|---|---|
| Max DD | 60.46% |
| Mean DD | 21.30% |
| Median DD | 15.13% |
Description: SE Sea December 02, 2025
Sea Limited (NYSE:SE) is a Singapore-based consumer-internet group that serves Southeast Asia, Latin America, and other emerging markets through three core segments: Shopee (mobile-first e-commerce), Garena (digital gaming and eSports), and SeaMoney (digital payments, credit, and insurance services). The platform connects individual shoppers and households with small- and medium-sized merchants, brands, and large retailers, while Garena provides both free-to-play and pay-to-play games across mobile and PC.
Key recent metrics (Q3 2024): Shopee’s gross merchandise volume (GMV) grew 21% YoY to $71 billion, driven by stronger cross-border sales and expanded logistics in Indonesia and Brazil; Garena’s digital entertainment revenue rose 12% YoY to $2.4 billion, with “Free Fire” remaining the top-grossing mobile game in the region; SeaMoney processed $120 billion in transactions, reflecting a 30% YoY increase in mobile-wallet adoption amid rising digital-payment penetration in Southeast Asia. The company’s growth is underpinned by macro trends such as rising internet connectivity, a youthful demographic with high mobile usage, and accelerating e-commerce adoption accelerated by post-pandemic consumer behavior.
Given Sea’s diversified model and exposure to high-growth digital economies, a granular, data-driven valuation can help isolate the relative upside of each segment; you may find the quantitative breakdowns and scenario analyses on ValueRay useful for deeper research.
Piotroski VR‑10 (Strict, 0-10) 8.0
| Net Income (1.43b TTM) > 0 and > 6% of Revenue (6% = 1.26b TTM) |
| FCFTA 0.16 (>2.0%) and ΔFCFTA 3.85pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 30.38% (prev 38.25%; Δ -7.86pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.17 (>3.0%) and CFO 4.57b > Net Income 1.43b (YES >=105%, WARN >=100%) |
| Net Debt (1.18b) to EBITDA (2.09b) ratio: 0.56 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.44 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (635.6m) change vs 12m ago 10.66% (target <= -2.0% for YES) |
| Gross Margin 44.92% (prev 42.00%; Δ 2.93pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 86.85% (prev 71.90%; Δ 14.96pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 49.61 (EBITDA TTM 2.09b / Interest Expense TTM 36.2m) >= 6 (WARN >= 3) |
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 (Balance) -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 |
| Total Rating: 0.77 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 77.82
| 1. Piotroski 8.0pt |
| 2. FCF Yield 5.73% |
| 3. FCF Margin 20.69% |
| 4. Debt/Equity 0.42 |
| 5. Debt/Ebitda 0.56 |
| 6. ROIC - WACC (= -0.29)% |
| 7. RoE 15.34% |
| 8. Rev. Trend 92.28% |
| 9. EPS Trend 85.34% |
What is the price of SE shares?
Over the past week, the price has changed by +2.46%, over one month by -8.03%, over three months by -29.54% and over the past year by +18.95%.
Is SE a buy, sell or hold?
- Strong Buy: 21
- Buy: 7
- Hold: 7
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the SE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 191 | 49.4% |
| Analysts Target Price | 191 | 49.4% |
| ValueRay Target Price | 120.9 | -5.4% |
SE Fundamental Data Overview December 27, 2025
P/E Trailing = 55.131
P/E Forward = 32.2581
P/S = 3.5529
P/B = 7.3308
P/EG = 0.4161
Beta = 1.58
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 = 75.92b USD (74.74b + Debt 4.24b - CCE 3.07b)
Interest Coverage Ratio = 49.61 (Ebit TTM 1.79b / Interest Expense TTM 36.2m)
FCF Yield = 5.73% (FCF TTM 4.35b / Enterprise Value 75.92b)
FCF Margin = 20.69% (FCF TTM 4.35b / 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 = 2.84 (Enterprise Value 75.92b / 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 = 0.27 (Net Debt 1.18b / FCF TTM 4.35b)
Total Stockholder Equity = 9.30b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.33% (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 = 10.56% (E(74.74b)/V(78.99b) * Re(11.15%) + D(4.24b)/V(78.99b) * Rd(0.21%) * (1-Tc(0.30)))
Discount Rate = 11.15% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 5.51%
[DCF Debug] Terminal Value 72.01% ; FCFE base≈3.69b ; Y1≈4.55b ; Y5≈7.77b
Fair Price DCF = 147.0 (DCF Value 80.34b / Shares Outstanding 546.5m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 85.34 | EPS CAGR: 69.79% | SUE: -1.13 | # 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=5.06 | Chg30d=-0.079 | Revisions Net=-2 | Growth EPS=+44.7% | Growth Revenue=+24.2%
Additional Sources for SE Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle