Market Cap
US$21.1b
Last Updated
2020/04/09 04:22 UTC
Data Sources
Company Financials +
Executive Summary
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Exceptional growth potential with excellent balance sheet.
Similar Companies
Share Price & News
How has Sea's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SE has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.0%
SE
3.9%
US Entertainment
9.4%
US Market
1 Year Return
94.1%
SE
-3.8%
US Entertainment
-6.8%
US Market
Return vs Industry: SE exceeded the US Entertainment industry which returned -2.1% over the past year.
Return vs Market: SE exceeded the US Market which returned -8.1% over the past year.
Shareholder returns
| SE | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.0% | 3.9% | 9.4% |
| 30 Day | -10.3% | -1.5% | -3.9% |
| 90 Day | 14.8% | -11.1% | -16.5% |
| 1 Year | 94.1%94.1% | -3.2%-3.8% | -4.8%-6.8% |
| 3 Year | n/a | 33.5%29.2% | 23.4%15.2% |
| 5 Year | n/a | 64.4%54.5% | 41.3%25.7% |
Price Volatility Vs. Market
How volatile is Sea's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Sea Limited (NYSE:SE): Is Breakeven Near?1 month ago | Simply Wall St
Can You Imagine How Chuffed Sea's (NYSE:SE) Shareholders Feel About Its 192% Share Price Gain?3 months ago | Simply Wall St
Sea (NYSE:SE) Has Debt But No Earnings; Should You Worry?Valuation
Is Sea undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SE ($45.45) is trading below our estimate of fair value ($134.38)
Significantly Below Fair Value: SE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SE is unprofitable, so we can't compare its PE Ratio to the Entertainment industry average.
PE vs Market: SE is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SE is overvalued based on its PB Ratio (18x) compared to the US Entertainment industry average (2x).
Next Steps
Future Growth
How is Sea forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
59.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: SE is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: SE's is expected to become profitable in the next 3 years.
Revenue vs Market: SE's revenue (26.3% per year) is forecast to grow faster than the US market (6.9% per year).
High Growth Revenue: SE's revenue (26.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SE's Return on Equity is forecast to be very high in 3 years time (47.1%).
Next Steps
Past Performance
How has Sea performed over the past 5 years?
-46.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SE is currently unprofitable.
Growing Profit Margin: SE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SE is unprofitable, and losses have increased over the past 5 years at a rate of -46.3% per year.
Accelerating Growth: Unable to compare SE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SE is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (10.3%).
Return on Equity
High ROE: SE has a negative Return on Equity (-124.31%), as it is currently unprofitable.
Next Steps
Financial Health
How is Sea's financial position?
Financial Position Analysis
Short Term Liabilities: SE's short term assets ($4.4B) exceed its short term liabilities ($2.4B).
Long Term Liabilities: SE's short term assets ($4.4B) exceed its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: SE's debt to equity ratio (118.3%) is considered high.
Reducing Debt: SE had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable SE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SE is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -22.4% per year.
Next Steps
Dividend
What is Sea's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SE's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.3yrs
Average management tenure
CEO
Forrest Xiaodong Li (41yo)
10.92s
Tenure
Mr. Forrest Xiaodong Li founded Garena Online Private Limited in 2009 and serves as its Group Chief Executive Officer. Mr. Li founded Sea Limited in May 2009 and has been its Chief Executive Officer and Ch ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 10.92yrs | no data | 9.93% $2.1b | |
| Group President | 5.33yrs | no data | no data | |
| Co-Founder | 10.08yrs | no data | 5.63% $1.2b | |
| Co-Founder & Group Chief of Staff | no data | no data | 1.77% $373.0m | |
| Group CFO & Director | 2.17yrs | no data | no data | |
| Group Chief Corporate Officer | 6.08yrs | no data | no data | |
| President of Garena | 1.42yrs | no data | no data | |
| Chief Executive Officer of Shopee | 4.75yrs | no data | no data | |
| Chief Executive Officer of Thailand | 4.08yrs | no data | no data | |
| Director of Corporate Development and Strategy | no data | no data | no data |
5.3yrs
Average Tenure
39yo
Average Age
Experienced Management: SE's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 10.92yrs | no data | 9.93% $2.1b | |
| Co-Founder | 10.08yrs | no data | 5.63% $1.2b | |
| Group CFO & Director | 2.17yrs | no data | no data | |
| Member of Advisory Board | no data | no data | no data | |
| Independent Director | 2.5yrs | no data | no data | |
| Member of Advisory Board | no data | no data | no data | |
| Director | 6.58yrs | no data | no data | |
| Independent Director | 2.5yrs | no data | 0.0022% $454.8k | |
| Independent Director | 2.5yrs | no data | no data |
2.5yrs
Average Tenure
42yo
Average Age
Experienced Board: SE's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SE insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 29%.
Top Shareholders
Company Information
Sea Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Sea Limited
- Ticker: SE
- Exchange: NYSE
- Founded: 2009
- Industry: Interactive Home Entertainment
- Sector: Media
- Market Cap: US$21.054b
- Shares outstanding: 463.24m
- Website: https://www.seagroup.com
Number of Employees
Location
- Sea Limited
- 1 Fusionopolis Place
- No. 17-10, Galaxis
- Singapore
- 138522
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SE | NYSE (New York Stock Exchange) | Yes | SPONSORED ADS | US | USD | Oct 2017 |
Biography
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features. The company also operates Shopee e-commerce platform, a mobile-centric marketplace that offers integrated payment and logistics infrastructure and seller services. In addition, it offers digital financial services to individuals and businesses, including e-wallet and payment services through the AirPay mobile app and AirPay counter applications on mobile phones or computers; 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 founded in 2009 and is headquartered in Singapore.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/09 04:22 |
| End of Day Share Price | 2020/04/08 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.