How does SED's PS Ratio compare to its peers?

SED is good value based on its Price-To-Sales Ratio (4.1x) compared to the peer average (7.2x).

How does SED's PS Ratio compare vs other companies in the Global Entertainment Industry?

SED is expensive based on its Price-To-Sales Ratio (4.1x) compared to the Global Entertainment industry average (1.9x).

What is SED's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate SED's Price-To-Sales Fair Ratio for valuation analysis.

What is the Fair Price of SED when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SED ($3.53) is trading below our estimate of [[fair value]] ($4.19)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

SED Stock Overview

Engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. More details

SED fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	1/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 15.8% below our estimate of its fair value

Earnings are forecast to grow 45.75% per year

Risk Analysis

Shares are highly illiquid

Large one-off items impacting financial results

Profit margins (0.6%) are lower than last year (5.3%)

My Notes

Capture your thoughts, links and company narrative

Sea Limited Competitors

NetEase

SEHK:9999

HK$460.5b

Nintendo

TSE:7974

JP¥10.6t

Roblox

NYSE:RBLX

US$39.4b

Electronic Arts

NasdaqGS:EA

US$38.8b

Price History & Performance

Summary of share price highs, lows and changes for Sea
Historical stock prices
Current Share Price	US$3.53
52 Week High	US$0
52 Week Low	US$0
Beta	1.53
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-6.75%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	SED	AR Entertainment	AR Market
7D	-6.5%	0%	0%
1Y	n/a	0%	0%

Return vs Industry: Insufficient data to determine how SED performed against the AR Entertainment industry.

Return vs Market: Insufficient data to determine how SED performed against the AR Market.

Price Volatility

Is SED's price volatile compared to industry and market?
SED volatility
SED Average Weekly Movement	n/a
Entertainment Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in AR Market	0%
10% least volatile stocks in AR Market	0%

Stable Share Price: SED's share price has been volatile over the past 3 months compared to the AR market.

Volatility Over Time: Insufficient data to determine SED's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2009	62,700	Forrest Xiaodong Li	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 promotes eSports operations. The company also operates Shopee e-commerce platform, a mobile-centric marketplace that provides integrated payments, logistics infrastructure, and seller services.

Sea Limited Fundamentals Summary

How do Sea's earnings and revenue compare to its market cap?
SED fundamental statistics
Market cap	US$63.54b
Earnings (TTM)	US$97.27m
Revenue (TTM)	US$15.49b

653.3x

P/E Ratio

4.1x

P/S Ratio

Is SED overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SED income statement (TTM)
Revenue	US$15.49b
Cost of Revenue	US$8.96b
Gross Profit	US$6.52b
Other Expenses	US$6.43b
Earnings	US$97.27m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.17
Gross Margin	42.13%
Net Profit Margin	0.63%
Debt/Equity Ratio	39.8%

How did SED perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/21 05:19
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Sea Limited is covered by 56 analysts. 28 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Nirgunan Tiruchelvam	Aletheia Analyst Network Limited
Jiong Shao	Barclays
Yanfang Jiang	Benchmark Company