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Earnings transcript
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SE
Sea Limited
$82.28
0.12
(0.15%)
| Exchange: | NYSE |
| Market Cap: | 48.711B |
| Shares Outstanding: | 257.464M |
About The Company
| Sector: | Consumer Cyclical | |||||
| Industry: | Specialty Retail | |||||
| CEO: | Xiaodong Li | |||||
| Full Time Employees: | 80700 | |||||
| Address: |
| |||||
| Website: | https://www.sea.com |
Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations; and access to other entertainment content, including livestreaming of gameplay and social features, such as user chat and online forums. The company also operates Shopee e-commerce platform, a mobile-centric marketplace that provides integrated payment and logistics infrastructure and seller services. In addition, it offers SeaMoney digital financial services to individuals and businesses, including offline and online mobile wallet, and payment processing services, as well as other offerings across credit, insurtech, and digital bank services under the ShopeePay, SPayLater, SeaBank, and other digital financial services brands; and payment processing services for Shopee. The company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in April 2017. Sea Limited was incorporated in 2009 and is headquartered 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 | 1,051,825 | 1,863,978 |
| 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 | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating Cash Flow | -1,055,692 | 2,079,688 | 3,277,420 |
| Capital Expenditure | -976,283 | -258,261 | 0 |
| Free Cash Flow | -2,031,975 | 1,821,427 | 3,277,420 |
| Net Income | -1,657,772 | 162,682 | 444,321 |
| Net Change in Cash | -3,227,756 | -3,366,727 | -162,072 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 44,606,307.499 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 51,231,371.861 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 48,645,700 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 144,661.796 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 166,147.405 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 157,761.866 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 4,588,814.857 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 5,499,564.988 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 5,144,110.764 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 15,686,319.912 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 18,016,099.821 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 17,106,818.639 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 8.060 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 8.620 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 7.190 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 15 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 6 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
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
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
0.15
Trading Metrics:
| Open: | 79.52 | Previous Close: | 82.16 | |
| Day Low: | 79 | Day High: | 82.56 | |
| Year Low: | 77.05 | Year High: | 199.3 | |
| Price Avg 50: | 100.14 | Price Avg 200: | 142.8 | |
| Volume: | 2.098M | Average Volume: | 5.73M |
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Login — it's freeSE full analysis
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…
