Full history for every metric is available with a Kvantra account
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $bn | 4.4 | 10.0 | 12.4 | 13.1 | 16.8 | 22.9 | 30.3 | 31.6 |
| Operating profit | $bn | 1.86 | 2.37 | ||||||
| Net profit | $bn | -1.62 | -2.05 | -1.65 | 0.15 | 0.44 | 1.58 | 1.77 | 2.26 |
| EPS reported | $ | 2.52 | 2.00 | ||||||
| Operating cashflow per share | $ | 8.45 | 8.57 | ||||||
| Capex per share | $ | 0.86 | 3.46 | ||||||
| FCF per share | $ | 7.59 | 5.11 | ||||||
| Free cash flow | $bn | 4.51 | 3.11 | ||||||
| Net debt | $bn | -10.6 | -6.9 | ||||||
| Book value equity | $bn | 12.5 | 13.3 | ||||||
| Book value per share | $ | 19.63 | 20.33 | ||||||
| Number of shares | m | 638.23 | 654.45 | ||||||
| DPS (TTM paid) | $ | 0.00 | 0.00 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 50.62 | 26.71 | ||||||
| P/B LTM | x | 6.06 | 3.41 | ||||||
| P/S LTM | x | 3.31 | 1.49 | ||||||
| P/FCF LTM | x | 16.82 | 14.57 | ||||||
| EV/EBITDA LTM | x | 27.31 | 12.80 | ||||||
| EV/Sales LTM | x | 3.18 | 1.27 | ||||||
| Earnings Yield LTM | % | 1.98% | 3.74% | ||||||
| FCF Yield | % | 5.95% | 6.86% | ||||||
| Quality | |||||||||
| ROE | % | 12.60% | 13.71% | ||||||
| ROIC | % | 8.10% | 8.95% | ||||||
| Operating margin | % | 8.13% | 7.82% | ||||||
| Gross margin | % | 44.66% | 44.95% | ||||||
| FCF/Sales | % | 19.68% | 10.26% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +245.21% | -13.04% | ||||||
| Sales Growth YoY | % | +36.38% | +44.12% | ||||||
| Net Income Growth YoY | % | +255.18% | +23.95% | ||||||
| FCF Growth | % | +52.72% | -24.54% | ||||||
| Operating Profit Growth | % | +181.50% | +37.30% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.00% | 0.00% | ||||||
| Dividend Growth | % | 0.00% | 0.00% | ||||||
| Payout Ratio | % | 0.00% | 0.00% | ||||||
| FCF/Debt | x | 1.36 | 0.93 | ||||||
| Net Debt/EBITDA | x | -1.14 | -0.61 | ||||||
| EBIT/Net interest | x | 55.46 | 246.31 | ||||||
| Net debt/market cap | % | -13.93% | -15.32% | ||||||
| Net debt/Equity | x | -0.84 | -0.52 | ||||||
| Gross debt/equity | x | 0.27 | 0.25 | ||||||
ETFs that hold Sea
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| Davis Select International ETF | DINT | 8 | 4.72% |
| EMQQ The Emerging Markets Internet ETF | EMQQ | 7 | 5.44% |
| Xtrackers MSCI Singapore UCITS ETF 1C | XBAS.DE | 4 | 6.35% |
| EMQQ Emerging Markets Internet UCITS ETF – Acc | EMQQ.L | 3 | 6.73% |
Funds with Sea among their ten largest holdings, largest fund first.
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
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.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| Davis Select International ETF | DINT | 8 | 4.72% |
| EMQQ The Emerging Markets Internet ETF | EMQQ | 7 | 5.44% |
| Xtrackers MSCI Singapore UCITS ETF 1C | XBAS.DE | 4 | 6.35% |
| EMQQ Emerging Markets Internet UCITS ETF – Acc | EMQQ.L | 3 | 6.73% |
Funds with Sea among their ten largest holdings, largest fund first.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
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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