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Earnings transcript
Read the complete earnings call transcript.
SE
Sea Limited
$107.41
3.02
(2.89%)
| Exchange: | NYSE |
| Market Cap: | 64.484B |
| Shares Outstanding: | 257.464M |
Delayed data
About The Company
| Sector: | Consumer Cyclical | |||||
| Industry: | Specialty Retail | |||||
| CEO: | Xiaodong Li | |||||
| Full Time Employees: | 102700 | |||||
| Address: |
| |||||
| Website: | https://www.sea.com |
Operating across Southeast Asia, Latin America, other parts of Asia, and various international markets, Sea Limited and its group of companies specialize in three core areas: digital entertainment, e-commerce, and digital financial services. Under its Garena brand, the company provides a comprehensive digital entertainment platform. This platform allows users to play a variety of online games on both mobile devices and personal computers, participate in eSports events, and access additional entertainment content. Key features include live-streamed gameplay, as well as social functionalities like user chat rooms and online forums. Furthermore, Sea Limited manages Shopee, a prominent e-commerce platform designed primarily for mobile users. Shopee functions as a marketplace, offering integrated payment solutions, robust logistics infrastructure, and a suite of services for its sellers. Its SeaMoney division delivers an array of digital financial services to both individual consumers and businesses. These services encompass offline and online mobile wallet facilities, payment processing, and various other financial products, such as credit, insurtech solutions, and digital banking. These offerings are brought to market through brands like ShopeePay, SPayLater, and SeaBank, among others. Notably, SeaMoney also handles the payment processing for the Shopee platform. Established in 2009, the firm initially operated as Garena Interactive Holding Limited before rebranding to Sea Limited in April 2017. Its global operations are directed from its headquarters in Singapore.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 13,063,560 | 16,819,866 | 22,938,469 |
| Gross Profit | 5,833,647 | 7,205,088 | 10,243,737 |
| EBITDA | 783,498 | 1,196,984.746 | 2,667,756 |
| Operating Income | 224,778 | 662,152 | 1,863,978 |
| Net Income | 150,726 | 444,321 | 1,578,149 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 18,883,232 | 22,625,469 | 29,370,979 |
| Total Liabilities | 12,185,647 | 14,147,893 | 16,722,651 |
| Total Stockholders Equity | 6,593,830 | 8,372,335 | 12,526,503 |
| Total Debt | 4,462,378 | 4,124,133 | 3,330,445 |
| Cash and Cash Equivalents | 2,811,056 | 2,405,153 | 6,375,653 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 2,079,688 | 3,277,420 | 5,027,849 |
| Capital Expenditure | -258,261 | 0 | -513,809 |
| Free Cash Flow | 1,821,427 | 3,277,420 | 4,514,040 |
| Net Income | 162,682 | 444,321 | 1,578,149 |
| Net Change in Cash | -3,366,727 | -162,072 | 2,315,329 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 45,490,564.589 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 53,607,227.626 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 51,090,800 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 553,839.885 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 652,658.877 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 622,021.798 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 5,073,299.463 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 6,295,191.708 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 5,916,365.606 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 15,997,279.065 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 18,851,596.765 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 17,966,666.113 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 9.270 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 9.860 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 7.950 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 7 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 6 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Strengths (preview)
- Robust Revenue Growth: Sea Limited reported a 29% year-on-year revenue increase in Q4 2024, as highlighted in the earnings call transcript, reflecting strong performance across its business segments and effective market penetration.
- Strategic Sector Positioning: Operating in the technology and e-commerce sector, SE benefits from favorable industry trends, with sector performance metrics showing consistent growth over 1-year and 5-year periods, providing a solid foundation for sustained expansion.
- Positive Earnings Performance: The Q4 2024 earnings call summary indicates that SE exceeded expectations in key financial results, demonstrating operational efficiency and profitability with a notable improvement in net income and EPS metrics.
- Strong Cash Flow Generation: Analysis of cash flow statements reveals healthy net cash provided by operating activities and positive free cash flow, underscoring SE's ability to fund operations and investments internally without excessive reliance on external financing.
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Intrinsic Value Calculator
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Common questions about SE valuation
Is Sea Limited (SE) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Sea Limited (SE) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is SE a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether SE trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is SE’s P/E ratio?
You can see SE’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for SE?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is SE a good long-term investment?
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SE
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Daily snapshot
2.89
Trading Metrics:
| Open: | 104.8 | Previous Close: | 104.39 | |
| Day Low: | 102.81 | Day High: | 108.02 | |
| Year Low: | 77.05 | Year High: | 199.3 | |
| Price Avg 50: | 95.16 | Price Avg 200: | 112.19 | |
| Volume: | 6.219M | Average Volume: | 4.37M |
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Hey everyone, welcome back to the channel! Today, we’re diving deep into a comprehensive analysis of Sea Limited, ticker symbol SE, a powerhouse in Southeast Asia’s digital economy. If you’re looking to understand whether this stock is a buy, hold, or sell for your portfolio, stick around because we’re breaking down everything from financials to future growth potential. Let’s get started! Alright, let’s set the stage for what we’re covering today. Sea Limited is not just another tech company; it’s…
