Company Valuation: Sea Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 124,075 29,227 22,954 60,937 75,524 46,383 - -
Change - -76.44% -21.46% 165.48% 23.94% -38.58% - -
Enterprise Value (EV) 1 117,492 25,792 20,963 55,324 66,795 36,390 33,435 28,881
Change - -78.05% -18.72% 163.92% 20.74% -45.52% -8.12% -13.62%
P/E -58.3x -17.6x 162x 143x 50.6x 25.7x 18.8x 14.5x
PBR 16.9x 5.14x 3.24x 6.89x 6.22x 3.16x 2.6x 2.15x
PEG - 0.8x -1x 1x 0x 1.5x 0.5x 0.5x
Capitalization / Revenue 12.5x 2.35x 1.76x 3.62x 3.29x 1.48x 1.21x 1.03x
EV / Revenue 11.8x 2.07x 1.6x 3.29x 2.91x 1.16x 0.87x 0.64x
EV / EBITDA -198x -29.4x 17.8x 28.2x 19.4x 9.34x 6.78x 4.79x
EV / EBIT -74.2x -17.3x 93.3x 83.6x 33.6x 14.1x 9.42x 6.3x
EV / FCF -196x -12.7x 11.5x 18.7x 14.8x 7.92x 7.61x 5.12x
FCF Yield -0.51% -7.88% 8.69% 5.34% 6.74% 12.6% 13.1% 19.5%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -3.84 -2.96 0.25 0.74 2.52 2.947 4.036 5.231
Distribution rate - - - - - - - -
Net sales 1 9,955 12,450 13,064 16,820 22,938 31,290 38,389 45,084
EBITDA 1 -593.6 -878.1 1,179 1,962 3,437 3,896 4,929 6,030
EBIT 1 -1,583 -1,488 224.8 662.2 1,985 2,587 3,550 4,586
Net income 1 -2,047 -1,651 150.7 444.3 1,578 1,852 2,592 3,396
Net Debt 1 -6,583 -3,436 -1,991 -5,614 -8,729 -9,993 -12,949 -17,503
Reference price 2 223.71 52.03 40.50 106.10 127.57 75.73 75.73 75.73
Nbr of stocks (in thousands) 554,625 561,738 566,759 574,340 592,020 612,485 - -
Announcement Date 3/1/22 3/7/23 3/4/24 3/4/25 3/3/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.62x9.92x16.06x0.74% 3,940B
95.56x43.75x70.51x-.--% 386B
17.4x5.28x9.17x1.77% 362B
29.16x5.96x18.52x1.28% 271B
199.12x17.65x51.68x-.--% 256B
1864.04x36.18x118.37x-.--% 223B
24.18x15.46x18.42x-.--% 130B
71.34x6.52x17.07x-.--% 106B
13.12x3.49x7.29x-.--% 93.14B
Average 260.06x 16.02x 36.34x 0.42% 640.83B
Weighted average by Cap. 109.90x 13.02x 24.86x 0.68%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Sea Limited

Historical PBR trend

Valuation ratios - PBR - Sea Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Sea Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Sea Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Sea Limited