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Sea Limited
$64.1B
Market Cap
50.6
P/E
0.50
PEG
30.0%
ROCE
15.3%
ROE
0.27
D/E
8.7%
OPM
-44.9%
% from 52W High
31
α RS
🔍 SE is showing a high-conviction setup because it matches 7 of 39 tracked screener presets, an ECS of 75.9 last quarter, and steady_dividend preset's Backtest win rate is 57% over 90 days. Net: Broad signal stack, not a recommendation. ? Conviction ECS Backtest
Sources
Conviction 7/39 · ECS 75.9 · Backtest win rate 57%
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🌏 Global Investor Returns
Currency-adjusted total returns for SE including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
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By Category
📊 Sector Averages
About

Sea Limited, through its subsidiaries, operates as a technology company in Southeast Asia, Latin America, the rest of Asia, and internationally. The company operates through E-commerce, Digital Financial Services, and Digital Entertainment segments. It offers Garena, a digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations and develops games. The company also operates the Shopee e-commerce platform, a mobile-centric marketplace that provides integrated payments, logistics and fulfillment infrastructure, and other value-added services. In addition, it offers Monee digital financial services comprising consumer, and small and medium-sized enterprises (SME) credit, e- wallets, payment processing, banking, Insurtech, and wealth services; and acts as an underwriter for various life and non-life insurance products under the MoneeInsure tradename, as well as insurance agency services. It serves buyers, such as individuals and households; and sellers, including small and medium businesses, brands, and large retailers. 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.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding SE
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Manager Shares Value % of Fund Period
Tiger Global Management Tiger Global Management LLC 15.42M $1.3B 5.59% Mar 2026
Andreas Halvorsen Viking Global Investors 4.74M $392.3M 1.10% Mar 2026
Steve Cohen Point72 Asset Management 1.87M $155.0M 0.20% Mar 2026
Jim Simons Renaissance Technologies LLC 1.53M $126.4M 0.20% Mar 2026
Stan Druckenmiller Duquesne Family Office 1.10M $91.1M 2.70% Mar 2026
Cathie Wood ARK Investment Management 173.1K $14.3M 0.11% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$7.8B
+48% YoY
Gross Profit
$3.5B
+47% YoY
Net Income
$458M
+11% YoY
Adjusted EBITDA
$917M
+11% YoY
What Went Right
  • Shopee GMV grew 28% YoY to $38.3B, with 8 consecutive quarters of sequential growth and new buyer growth of 35% YoY
  • Monee loan book expanded 62% YoY to $11.1B while 90-day NPL stayed low at 1.0%
  • Garena bookings rose 15% YoY to $764M, with Free Fire still above 100M daily active users
What to Watch
  • Net income tax expense jumped to $451M from $144M a year ago, pressuring bottom line
  • Management flagged potential FX headwinds from weaker regional currencies vs USD
  • Provisions for credit losses increased due to mix shift toward off-Shopee lending and Brazil portfolio
Management Guidance
  • Shopee full-year GMV growth reaffirmed at ~25%
  • Shopee full-year adjusted EBITDA expected to exceed $1B
  • No explicit Q3 revenue guidance provided
Investor Lens
Q2 was a clear positive: Shopee's topline re-accelerated while margins held, and management's confidence in $1B full-year EBITDA for Shopee implies significant 2H profitability ramp. Monee remains a compounding growth engine with asset quality stable, supporting the thesis of ecosystem-driven financial services buildout. Garena's resilience adds a third pillar. Overall, the investment case is stronger after this quarter, though tax and FX are watch items.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Strong Q2 with revenue +48% to $7.8B and record GMV
Revenue
Total GAAP revenue was $7.8B in Q2 2026, up 48.1% YoY, driven by Shopee (revenue $5.6B, +48% YoY) and Monee (revenue $1.4B, +59% YoY). Garena revenue grew 34% to $747M.
Profitability
Net income rose 11% YoY to $458M, while adjusted EBITDA grew 11% to $917M. Monee contributed $288M in adjusted EBITDA and Garena $430M, while Shopee adjusted EBITDA was $255M.
Margins
Gross profit was $3.5B, up 47% YoY, implying roughly 45% gross margin. Adjusted EBITDA margin was approximately 11.8% (917/7800). Shopee is targeting $1B full-year adjusted EBITDA, implying margin expansion in 2H26.
Balance Sheet
The company repurchased 4.7 million shares for $416.8M during Q2 as part of its $1.0B buyback program. No explicit cash, debt, or CapEx figures were disclosed.
Key Risks
Tax expense spiked to $451M vs $144M a year ago. Management also noted potential FX headwinds and higher credit provisions due to loan mix shift toward off-Shopee and Brazil.
Outlook
Shopee reaffirmed full-year GMV growth of ~25% and adjusted EBITDA of >$1B. Management expects continued sequential growth in GMV but cautioned on 4Q base effects and currency.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-11
Revenue grew 48% year-on-year to $7.8B, with strong gains in Shopee, Monee, and Garena. Shopee's GMV rose 28%, Monee's loan book expanded 62%, and Garena bookings increased 15%. Management reaffirmed 25% GMV growth guidance and expects over $1B adjusted EBITDA for the year.
Q1 2026 Q1 2026 2026-05-12
Q1 2026 saw 47% year-on-year revenue growth to $7.1B and adjusted EBITDA over $1B, with Shopee, Monee, and Garena all delivering strong results. Shopee GMV rose 30%, Monee's loan book grew 71%, and Garena bookings increased 20%.
Q4 2025 Q4 2025 2026-03-03
Record 2025 results with $23B revenue (+36% YoY), $1.6B net income, and robust growth across e-commerce, fintech, and gaming. Shopee, Monee, and Garena all exceeded expectations, with strong outlooks for 2026 and continued investment in logistics, AI, and content.
Q3 2025 Q3 2025 2025-11-11
Q3 2025 saw 38% revenue and 68% adjusted EBITDA growth, with strong gains in e-commerce, digital finance, and gaming. Shopee's GMV rose 28%, Money's loan book expanded 70%, and Garena bookings jumped 51%. Full-year GMV growth is expected to exceed 25%.
Q2 2025 Q2 2025 2025-08-12
Q2 2025 saw 38% revenue growth to $5.3B, with all segments—e-commerce, digital finance, and gaming—delivering robust results and improved profitability. Shopee and SeaMoney posted record metrics, while Garena raised full-year guidance on Free Fire's strength.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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