Sea Limited American Depositary Shares, each representing one
Consumer Cyclical
Sea started as a gaming business, Garena, but in 2015 expanded into e-commerce. Sea operates Southeast Asia's largest e-commerce company, Shopee, in terms of gross merchandise value.
It is a $58.4B consumer company. Revenue grew 36.4% over the last year, it keeps 7¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 34.7× earnings — in the cheapest third of its own history.
- Website
- sea.com
- Employees
- 102 700
- Sector
- Consumer Cyclical
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation and quality; Moat lags behind.
Valuation77
- P/E vs own history10th pct · 25/25
- FCF yield7.2% · 20/25
- P/S2.1x · 20/25
- EV/EBITDA24.3x · 12/25
Growth50
- Revenue CAGR23.2% · 25/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth33.1% · 25/25
Profitability57
- ROIC19.5% · 20/25
- ROE13.5% · 12/25
- Net margin6.9% · 13/25
- Operating margin8.3% · 12/25
Health55
- Altman Z2.89 · 18/25
- Current ratio1.49 · 12/25
- Interest coverage-6.1x · 0/25
- Net cash / debtNet cash · 25/25
Quality77
- Piotroski F6/9 · 15/25
- Beneish M-2.87 · 25/25
- FCF conversion267% · 25/25
- Margin stabilityσ 9.1% · 12/25
Moat38
- ROIC >12% years1/5 yrs · 0/25
- Median gross margin42.8% · 20/25
- FCF-positive years4/5 yrs · 18/25
- Worst-year net marginworst -20.6% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$1.58B net income
- FY2023FinancialTurned profitable$151M net income after a loss year
- FY2022FinancialRevenue crossed $10B$12.4B for the year
- FY2021FinancialRevenue already above $1B$9.96B in first reported year
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (44.3%)
- Revenue growing 36.4% year over year
- Strong cash conversion — FCF is 18.3% of revenue
- Net cash position after subtracting debt from cash
- High returns on invested capital (ROIC 19.5%)
Watch-outs
- Thin interest coverage (-6.1×)
- Loss-making in 2 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+36.4% YoY
- Profitable — makes more than it spends$1.58B FY2025
- Profit growing — earnings are higher than last year+255.2% YoY
- Generates cash — cash left after running and investing$4.21B FY2025
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$58.4B market cap
- Not printing shares — share count not ballooning — you keep your slice+12.7% shares over ~5y
- Proven track record — years of profitability behind it3/5 profitable years
- Financially stable — balance sheet not near distressAltman Z 2.9 — grey
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 34.7
Peer comparisonSea Limited American Depositary Shares, each representing one vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| SE this company | $58.4B | 34.7 | +36.4% | 6.9% | Solid |
| AMZN Amazon.Com Inc | $2.8T | 20.9 | +15.8% | 17.4% | Mixed |
| TSLA Tesla, Inc. | $1.5T | 397.1 | +11.8% | 3.7% | Strong |
| NFLX NetFlix Inc | $292.8B | 21.4 | +16.0% | 28.2% | Solid |
| HD Home Depot, Inc. | $290.4B | 20.4 | -16.0% | 8.7% | Solid |
| DIS The Walt Disney Company | $186.5B | 21.7 | +4.6% | 8.7% | Solid |
| MCD McDonald's Corporation | $166.9B | 18.9 | +6.3% | 31.7% | Strained |
Head-to-head: SE vs AMZN · SE vs TSLA · SE vs NFLX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/SE
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of SE on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $95.30 · market cap $58.4B.