Company Valuation: Sea Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 1,01,749 1,24,075 29,227 22,954 60,937 73,872 73,872 -
Change - 21.94% -76.44% -21.46% 165.48% 21.23% 0% -
Enterprise Value (EV) 1 97,297 1,17,492 25,792 20,963 55,324 66,267 63,147 60,519
Change - 20.76% -78.05% -18.72% 163.92% 19.78% -4.71% -4.16%
P/E ratio -58.7x -58.3x -17.6x 162x 143x 46x 30.9x 22.8x
PBR 30.1x 16.9x 5.14x 3.24x 6.89x 7.07x 5.53x 4.29x
PEG - -4.4x 0.8x -1x 1x 0x 0.6x 0.6x
Capitalization / Revenue 23.3x 12.5x 2.35x 1.76x 3.62x 3.31x 2.66x 2.26x
EV / Revenue 22.2x 11.8x 2.07x 1.6x 3.29x 2.97x 2.28x 1.85x
EV / EBITDA 909x -198x -29.4x 17.8x 28.2x 18.9x 14.4x 10.6x
EV / EBIT -74.7x -74.2x -17.3x 93.3x 83.6x 33.6x 20.2x 14.3x
EV / FCF 443x -196x -12.7x 11.5x 18.7x 20.3x 15.5x 12.6x
FCF Yield 0.23% -0.51% -7.88% 8.69% 5.34% 4.92% 6.44% 7.94%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -3.39 -3.84 -2.96 0.25 0.74 2.714 4.034 5.472
Distribution rate - - - - - - - -
Net sales 1 4,376 9,955 12,450 13,064 16,820 22,331 27,749 32,702
EBITDA 1 107 -593.6 -878.1 1,179 1,962 3,500 4,379 5,696
EBIT 1 -1,303 -1,583 -1,488 224.8 662.2 1,972 3,133 4,241
Net income 1 -1,618 -2,047 -1,651 150.7 444.3 1,640 2,477 3,384
Net Debt 1 -4,453 -6,583 -3,436 -1,991 -5,614 -7,605 -10,725 -13,353
Reference price 2 199.05 223.71 52.03 40.50 106.10 124.78 124.78 124.78
Nbr of stocks (in thousands) 5,11,174 5,54,625 5,61,738 5,66,759 5,74,340 5,92,020 5,92,020 -
Announcement Date 02/03/21 01/03/22 07/03/23 04/03/24 04/03/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
45.25x2.92x18.6x-.--% 7.27TCr
28.66x10.07x16.55x0.78% 3,35300Cr
288.96x88.29x177.94x-.--% 40TCr
185.43x10.94x23.92x-.--% 9.75TCr
81.09x16.23x33.94x-.--% 8.63TCr
263.91x84.12x263.11x0.11% 8.18TCr
-48.07x7.61x31.63x-.--% 5.24TCr
-124.92x6.98x45.08x-.--% 4.46TCr
26.24x4.66x13.2x1.11% 3.65TCr
-674.62x4.83x18.06x-.--% 3.38TCr
Average 7.19x 23.66x 64.20x 0.2% 42.54TCr
Weighted average by Cap. 54.16x 18.64x 37.32x 0.63%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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