Sea Limited Sponsored ADR (SE) vs Wayfair Inc. (W)

Sea Limited Sponsored ADR and Wayfair Inc. are both Internet Retail companies. Sea Limited Sponsored ADR is the larger, with a market value of $43.5B against $15.3B — 2.9× the size. Wayfair Inc. has negative trailing earnings, so its P/E is not meaningful; Sea Limited Sponsored ADR trades at 28.2×. Sea Limited Sponsored ADR grew revenue faster over the last twelve months: 43.1% against 7.46%. Sea Limited Sponsored ADR has the higher net margin (5.94% vs −2.49%) and the higher return on invested capital (51.6% vs 0.00%). Across the 19 metrics below, Sea Limited Sponsored ADR leads on 16 and Wayfair Inc. on 3.

Valuation

Metric SE W Internet Retail median
P/E 28.24 n/m 23.78
P/S 1.76 1.14 0.76
P/B 3.73 n/m 1.73
Price to free cash flow 14.64 26.22 14.90
EV/EBITDA 16.81 32.78 18.44
EV/Sales 1.39 1.27 0.81
Earnings yield 3.54% (2.20%) (0.52%)
Free cash flow yield 6.83% 3.81% (0.47%)

Profitability

Metric SE W Internet Retail median
Gross margin 44.34% 30.05% 44.12%
Operating margin 8.24% 1.67% 0.76%
Net margin 5.94% (2.49%) 0.56%
Free cash flow margin 18.81% 4.36% 0.00%
Return on equity 14.43% 11.66% 0.00%
Return on assets 5.73% (10.26%) 0.00%
Return on invested capital 51.63% 0.00% 0.00%

Growth

Metric SE W Internet Retail median
Revenue growth (TTM) 43.06% 7.46% 10.60%
EPS growth (last fiscal year) 240.54% 39.15% 19.82%
Revenue growth, 5-year CAGR 39.28% (2.51%) 10.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric SE W Internet Retail median
Debt to equity 0.09 (1.00) 0.10
Current ratio 1.49 0.74 1.52
Net debt to EBITDA (5.33) 5.11 (0.66)

Dividend

Metric SE W Internet Retail median
Dividend yield — — 1.74%
Payout ratio — — 0.27

Size

Metric SE W Internet Retail median
Market cap 43.53b 15.25b 528.20m

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