Saturday 17 October 2026
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Sea Limited Sponsored ADR
SE Consumer Cyclical Internet Retail
Sea Limited Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $22.9 billion, up 36.4% from fiscal 2024. In the quarter to June 2026, revenue grew 48.1%, EPS grew 5.88%, free cash flow fell 6.79% and total debt fell 29.9%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for three.
93.77
3.73
−3.83%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | 10.79 | 10.06 | 10.68 | 35.61 | 189.61 | 40.67 | 34.87 | 34.35 | 99.50 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | 16.99 | 17.19 | 40.63 | 212.33 | 372.70 | 231.21 | 88.84 | 119.47 | 199.30 | |||||
| People | |||||||||||||||
| People | Employees | 5,400 | 10,200 | 22,600 | 29,800 | 33,800 | 67,300 | 63,800 | 62,700 | 80,700 | 102,700 | ||||
| Revenue/emp, $m | 0.06 | 0.04 | 0.04 | 0.07 | 0.13 | 0.15 | 0.20 | 0.21 | 0.21 | 0.22 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 346 | 414 | 827 | 2,175 | 4,376 | 9,955 | 12,450 | 13,064 | 16,820 | 22,938 | ||||
| Gross margin, % | 32.71 | 21.08 | 1.78 | 27.81 | 30.83 | 39.13 | 41.65 | 44.66 | 42.84 | 44.66 | |||||
| EBT | (197) | (549) | (954) | (1,369) | (1,483) | (1,715) | (1,501) | 432 | 779 | 2,281 | |||||
| EBT margin, % | (56.96) | (132.43) | (115.35) | (62.91) | (33.90) | (17.23) | (12.05) | 3.31 | 4.63 | 9.94 | |||||
| Net income | (225) | (561) | (961) | (1,458) | (1,624) | (2,043) | (1,658) | 163 | 448 | 1,611 | |||||
| Depreciation | 40 | 41 | 93 | 155 | 269 | 379 | 436 | 396 | 286 | 266 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 2.02 | 2.01 | 2.44 | 4.98 | 9.17 | 18.69 | 22.31 | 23.06 | 29.25 | 38.55 | ||||
| Earnings | (1.31) | (2.72) | (2.84) | (3.35) | (3.39) | (3.84) | (2.96) | 0.27 | 0.77 | 2.65 | |||||
| Cash flow | (0.67) | (1.26) | (1.46) | 0.16 | 1.16 | 0.39 | (1.89) | 3.67 | 5.70 | 8.44 | |||||
| Capex | (0.14) | (0.39) | (0.52) | (0.56) | (0.74) | (1.51) | (1.53) | (0.35) | (0.55) | (0.88) | |||||
| Free cash flow | (0.81) | (1.65) | (1.99) | (0.40) | 0.42 | (1.12) | (3.43) | 3.32 | 5.15 | 7.57 | |||||
| Book value | (0.73) | 2.31 | (0.71) | 2.69 | 7.17 | 13.94 | 10.41 | 11.82 | 14.74 | 21.26 | |||||
| Shares, m | 171 | 206 | 338 | 437 | 477 | 533 | 558 | 567 | 575 | 595 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 137.32 | 137.79 | 48.14 | ||||
| P/S | 7.53 | 6.46 | 4.63 | 9.50 | 21.71 | 11.97 | 2.38 | 1.67 | 3.63 | 3.31 | |||||
| P/B | 0.00 | 5.63 | 0.00 | 14.97 | 27.78 | 16.05 | 5.09 | 3.25 | 7.20 | 6.00 | |||||
| EV/Sales | 7.59 | 4.70 | 4.40 | 8.26 | 20.51 | 11.15 | 1.97 | 1.40 | 3.13 | 2.79 | |||||
| EV/FCF | (13.56) | (7.50) | (4.66) | (34.56) | (9,152.93) | (84.08) | (7.37) | (509.64) | 47.68 | 20.39 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | (115) | (259) | (495) | 70 | 556 | 209 | (1,056) | 2,080 | 3,277 | 5,025 | ||||
| Capex | (24) | (79) | (178) | (246) | (355) | (807) | (856) | (196) | (315) | (522) | |||||
| Free cash flow | (139) | (339) | (673) | (176) | 201 | (598) | (1,912) | 1,883 | 2,962 | 4,503 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 46 | 1,083 | 524 | 2,048 | 4,303 | 7,959 | 5,752 | 3,605 | 5,562 | 8,569 | ||||
| Total debt | 2 | 729 | 1,064 | 1,358 | 1,915 | 3,576 | 3,427 | 3,216 | 1,859 | 794 | |||||
| Net debt | (187) | (732) | (194) | (2,298) | (5,237) | (8,135) | (5,017) | (3,553) | (8,417) | (11,995) | |||||
| Shareholders’ equity | (126) | 475 | (239) | 1,173 | 3,420 | 7,424 | 5,811 | 6,698 | 8,478 | 12,648 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (48.68) | (45.31) | (45.98) | (39.45) | (20.64) | (14.01) | (9.24) | 0.84 | 2.14 | 6.07 | ||||
| ROIC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (117.05) | 4.47 | 681.80 | 190.02 | |||||
| ROE | 857.97 | (320.75) | (815.73) | (313.50) | (70.46) | (37.75) | (24.95) | 2.41 | 5.86 | 14.94 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Sea Limited Sponsored ADR vs peers in Internet Retail (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| PDD PDD Holdings Inc. Sponsored ADR | $117.3B | 8.4× | 9.1× | +14.08% (above 0%: growing) | −7.17% (below 0%: shrinking) | +25.39% (above 0%: growing) | 57.26% | 24.71% | Compare |
| MELI MercadoLibre, Inc. | $94.1B | 49.9× | 39.6× | +49.76% (above 0%: growing) | −10.86% (below 0%: shrinking) | +22.47% (above 0%: growing) | 40.90% | 6.72% | Compare |
| DASH DoorDash, Inc. | $83.7B | 97.5× | 61.1× | +35.63% (above 0%: growing) | −31.34% (below 0%: shrinking) | +109.01% (above 0%: growing) | 52.69% | 3.50% | Compare |
| SE Sea Limited Sponsored ADR | $55.3B | 34.6× | 28.5× | +48.07% (above 0%: growing) | +5.88% (above 0%: growing) | −6.79% (below 0%: shrinking) | 45.58% | 8.35% | |
| EBAY eBay Inc. | $54.7B | 24.3× | 24.0× | +14.80% (above 0%: growing) | +55.00% (above 0%: growing) | +168.03% (above 0%: growing) | 73.45% | 21.57% | Compare |
| JD JD.com, Inc. | $32.9B | 17.3× | 10.9× | +2.54% (above 0%: growing) | +27.87% (above 0%: growing) | +64.77% (above 0%: growing) | 17.12% | 1.31% | Compare |
| CPNG Coupang, Inc. | $26.6B | — (loss-making) | — (loss-making) | +3.89% (above 0%: growing) | n/m | −79.35% (below 0%: shrinking) | 28.16% | (6.28%) | Compare |
| W Wayfair Inc. | $15.3B | — (loss-making) | — (loss-making) | +7.52% (above 0%: growing) | n/m | +28.46% (above 0%: growing) | 29.95% | 2.96% | Compare |
| CART Maplebear Inc. | $11.8B | 26.2× | 17.0× | +14.11% (above 0%: growing) | +6.98% (above 0%: growing) | +157.22% (above 0%: growing) | 72.00% | 13.81% | Compare |
| Median of peers | $43.8B | 25.3× | 20.5× | +14.10% | −0.09% | +46.62% | 46.80% | 5.11% |
Sea Limited Sponsored ADR (SE) key facts
- Strength: Sea Limited Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $22.9 billion, up 36.4% from fiscal 2024.
- Sea Limited Sponsored ADR (SE) is an Internet Retail company in the Consumer Cyclical sector, traded in the US as an ADR.
- As of October 16, 2026, SE traded at $93.77, a market capitalization of $55.3 billion.
- Return on equity was 14.9% and debt-to-equity 0.09.
- Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 3.76 (safe zone) for fiscal 2025.