SE - Sea Limited
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$139.67
DETAILS
HIGH:
$170.00
LOW:
$121.00
MEDIAN:
$137.50
CONSENSUS:
$139.67
UPSIDE:
60.04%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||
| Revenue | 22,938.5 | 16,819.9 | 13,063.6 | 12,449.7 | 9,955.2 | 4,375.7 | 2,175.4 | 827.0 | 414.2 | 345.7 | 292.1 | 160.8 |
| Cost of Revenue | 12,694.7 | 9,614.8 | 7,229.9 | 7,264.4 | 6,059.5 | 3,026.8 | 1,570.5 | 812.2 | 326.9 | 232.6 | 184.3 | 124.6 |
| Gross Profit | 10,243.7 | 7,205.1 | 5,833.6 | 5,185.3 | 3,895.7 | 1,348.9 | 604.9 | 14.8 | 87.3 | 113.1 | 107.8 | 36.2 |
| Operating Expenses | ||||||||||||
| R&D Expenses | 1,157.1 | 1,206.0 | 1,164.1 | 1,376.5 | 831.7 | 353.8 | 156.6 | 67.5 | 29.3 | 20.8 | 17.7 | 11.1 |
| SG&A Expenses | 7,222.6 | 4,740.4 | 3,913.9 | 4,706.8 | 4,817.6 | 2,430.6 | 1,355.4 | 945.8 | 563.8 | 299.8 | 176.2 | 113.8 |
| Other Expenses | 0 | 596.5 | 530.8 | 589.4 | (170.5) | (132.1) | (15.9) | (9.8) | (3.5) | (2.1) | (3.1) | (0.7) |
| Operating Expenses | 8,379.8 | 6,542.9 | 5,608.9 | 6,672.8 | 5,478.8 | 2,652.2 | 1,496.2 | 1,003.5 | 589.7 | 318.5 | 190.9 | 124.1 |
| Operating Income | ||||||||||||
| Operating Income | 1,864.0 | 662.2 | 224.8 | (1,487.5) | (1,583.1) | (1,303.3) | (891.2) | (988.8) | (502.4) | (205.4) | (83.1) | (87.9) |
| Interest Expense | 33.6 | 38.3 | 41.1 | 45.4 | 136.9 | 124.1 | 48.3 | 31.3 | 26.6 | 0.0 | 0.0 | 0.2 |
| Interest Income | 331.1 | 365.6 | 331.7 | 115.6 | 36.1 | 24.9 | 34.0 | 11.5 | 2.9 | 0.7 | 0.5 | 0.2 |
| Profitability | ||||||||||||
| EBITDA | 1,864.0 | 1,051.8 | 783.5 | (704.2) | (1,304.0) | (1,122.6) | (769.6) | (904.9) | (460.5) | (160.3) | (52.1) | (69.3) |
| EBIT | 1,864.0 | 662.2 | 342.7 | (1,132.6) | (1,583.1) | (1,303.3) | (891.2) | (983.6) | (501.4) | (199.8) | (81.4) | (87.1) |
| Income Before Tax | 2,262.0 | 769.0 | 425.4 | (1,489.4) | (1,710.2) | (1,482.5) | (1,371.9) | (956.9) | (550.4) | (216.4) | (95.6) | (88.4) |
| Income Tax Expense | 651.1 | 321.2 | 262.7 | 168.4 | 332.9 | 141.6 | 85.9 | 4.1 | 10.7 | 8.5 | 11.7 | 2.5 |
| Net Income | 1,578.1 | 444.3 | 150.7 | (1,651.4) | (2,046.8) | (1,618.1) | (1,462.8) | (961.2) | (560.5) | (222.9) | (103.4) | (88.4) |
| Per Share Data | ||||||||||||
| EPS (Basic) | 2.65 | 0.77 | 0.27 | -2.96 | -3.84 | -3.39 | -3.35 | -2.84 | -2.73 | -0.69 | -0.32 | -0.27 |
| EPS (Diluted) | 2.52 | 0.73 | 0.25 | -2.96 | -3.84 | -3.39 | -3.35 | -2.84 | -2.73 | -0.69 | -0.32 | -0.27 |
| Shares Outstanding | 595.0 | 575.0 | 566.6 | 558.1 | 532.7 | 477.3 | 436.6 | 338.5 | 205.7 | 324.5 | 324.5 | 324.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 6,375.7 | 2,405.2 | 2,811.1 | 6,029.9 | 9,247.8 | 6,166.9 | 3,119.0 | 1,002.8 | 1,347.4 | 170.1 |
| Short-Term Investments | 6,413.3 | 6,215.4 | 2,547.6 | 864.3 | 911.3 | 126.1 | 102.3 | 0.7 | 18 | 0 |
| Net Receivables | 8,259.0 | 5,996.7 | 4,378.4 | 3,286.3 | 2,620.9 | 1,181.8 | 451.4 | 317.9 | 185.3 | 91.8 |
| Inventory | 222.6 | 143.2 | 125.4 | 109.7 | 117.5 | 64.2 | 26.9 | 37.7 | 9.8 | 3.9 |
| Other Current Assets | 1,979.0 | 1,962.4 | 1,784.5 | 2,260.1 | 2,098.4 | 1,323.3 | 667.3 | 325.8 | 135.9 | 36.0 |
| Total Current Assets | 23,249.5 | 16,857.7 | 11,773.9 | 12,688.0 | 15,135.4 | 8,939.0 | 4,410.1 | 1,710.7 | 1,720.7 | 309.9 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 2,732.0 | 2,152.5 | 2,223.7 | 2,345.7 | 1,679.6 | 621.0 | 501.6 | 192.4 | 74.3 | 32.0 |
| Goodwill | 104.5 | 107.6 | 112.8 | 230.2 | 539.6 | 216.3 | 31.0 | 31.0 | 31.0 | 0 |
| Intangible Assets | 12.2 | 27.3 | 50.8 | 65.0 | 52.5 | 39.8 | 15.0 | 12.9 | 37.3 | 30.0 |
| Long-Term Investments | 2,491.0 | 2,694.3 | 4,262.6 | 1,253.6 | 1,052.9 | 190.5 | 113.8 | 111.0 | 28.2 | 45.1 |
| Other Non-Current Assets | 185.6 | 268.7 | 130.5 | 175.0 | 192.2 | 349.3 | 82.3 | 71.4 | 48.6 | 33.6 |
| Total Non-Current Assets | 6,121.5 | 5,767.8 | 7,109.3 | 4,314.8 | 3,620.6 | 1,516.7 | 814.0 | 482.0 | 267.6 | 175.9 |
| Total Assets | 29,371.0 | 22,625.5 | 18,883.2 | 17,002.8 | 18,756.0 | 10,455.7 | 5,224.2 | 2,192.7 | 1,988.3 | 485.8 |
| Current Liabilities | ||||||||||
| Account Payables | 467.8 | 350.0 | 342.5 | 258.6 | 213.6 | 121.6 | 69.4 | 37.2 | 8.6 | 6.0 |
| Short-Term Debt | 1,701.4 | 1,278.6 | 298.4 | 119.6 | 100 | 0 | 30.7 | 0.9 | 2.0 | 1.9 |
| Deferred Revenue | 5,064.4 | 1,405.8 | 1,208.9 | 1,535.1 | 2,644.5 | 2,311.5 | 1,162.9 | 456.0 | 295.4 | 137.7 |
| Other Current Liabilities | 7,228.1 | 0 | 0 | 12.0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 14,680.5 | 11,296.2 | 8,168.9 | 6,935.7 | 7,176.4 | 4,636.1 | 2,362.4 | 1,186.5 | 637.7 | 263.8 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 510.4 | 1,728.3 | 3,069.1 | 3,338.8 | 3,475.7 | 1,840.4 | 1,356.7 | 1,062.8 | 727.0 | 0 |
| Deferred Tax Liabilities | 175.2 | 0.4 | 0.1 | 10.0 | 7.0 | 1.5 | 1.0 | 0.7 | 4.4 | 0 |
| Other Non-Current Liabilities | 108.3 | 200.7 | 74.5 | 75.3 | 69.3 | 36.2 | 21.5 | 10.9 | 10.6 | 210.4 |
| Total Non-Current Liabilities | 2,042.1 | 2,851.7 | 4,016.7 | 4,256.3 | 4,155.2 | 2,399.4 | 1,689.2 | 1,245.6 | 875.4 | 347.7 |
| Total Liabilities | 16,722.7 | 14,147.9 | 12,185.6 | 11,192.0 | 11,331.6 | 7,035.4 | 4,051.5 | 2,432.1 | 1,513.1 | 611.4 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 |
| Retained Earnings | (6,577.4) | (8,155.3) | (8,599.3) | (8,745.5) | (7,201.5) | (5,151.0) | (3,530.6) | (2,067.8) | (1,106.5) | (505.0) |
| Accumulated Other Comprehensive Income | 12.7 | (193.1) | (91.0) | (98.7) | (22.4) | 7.0 | 5.5 | 15.2 | 10.7 | 8.6 |
| Total Stockholders' Equity | 12,526.5 | 8,372.3 | 6,593.8 | 5,715.7 | 7,398.7 | 3,382.9 | 1,162.4 | (243.1) | 469.0 | (125.7) |
| Total Liabilities & Equity | 29,371.0 | 22,625.5 | 18,883.2 | 17,002.8 | 18,756.0 | 10,455.7 | 5,224.2 | 2,192.7 | 1,988.3 | 485.8 |
| Debt Metrics | ||||||||||
| Total Debt | 3,330.4 | 4,124.1 | 4,462.4 | 4,485.2 | 4,253.5 | 2,092.9 | 1,587.7 | 1,063.7 | 729.0 | 1.9 |
| Net Debt | (3,045.2) | 1,719.0 | 1,651.3 | (1,544.7) | (4,994.2) | (4,074.0) | (1,531.2) | 60.8 | (618.4) | (168.2) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Net Income | 1,578.1 | 444.0 | 162.7 | (1,657.8) | (2,043.0) | (1,624.2) | (1,457.7) | (961.0) | (561.2) | (225.0) | (107.3) |
| Depreciation & Amortization | 372.2 | 389.4 | 440.8 | 428.3 | 279.0 | 180.8 | 121.6 | 78.7 | 40.9 | 39.6 | 29.3 |
| Stock-Based Compensation | 0 | 715.8 | 685.0 | 705.9 | 470.3 | 290.2 | 117.1 | 58.1 | 28.6 | 28.8 | 20.6 |
| Change in Working Capital | 1,104.6 | 907.7 | 55.1 | (1,369.6) | 1,276.2 | 1,526.2 | 782.1 | 372.8 | 134.8 | 17.5 | 19.2 |
| Other Non-Cash Items | 1,987.4 | 1,013.7 | 830.7 | 978.0 | 227.1 | 210.3 | 513.0 | (24.1) | 29.0 | 26.5 | 15.6 |
| Operating Cash Flow | 5,027.8 | 3,277.4 | 2,079.7 | (1,055.7) | 208.6 | 555.9 | 69.9 | (495.2) | (334.2) | (114.7) | (25.1) |
| Investing Activities | |||||||||||
| Capital Expenditure | (513.8) | (321.6) | (258.3) | (976.3) | (807.2) | (336.3) | (247.1) | (178.5) | (79.7) | (24.5) | (76.7) |
| Acquisitions | (15.0) | (3.9) | (43.8) | (60.9) | (34.5) | (77.2) | 7.3 | 1.1 | (18.1) | (7.1) | 0 |
| Purchases of Investments | (12,584.7) | (9,655.4) | (8,319.8) | (2,630.8) | (2,505.4) | (219.5) | (118.5) | (69.6) | (23.4) | (19.9) | (52.1) |
| Sales/Maturities of Investments | 13,401.7 | 7,462.9 | 3,754.4 | 2,281.0 | 798.2 | 19.5 | 0.6 | 22.7 | (12.1) | 18.5 | 0 |
| Other Investing Activities | (4,707.3) | (2,523.0) | (936.7) | (1,041.8) | (1,218.4) | (273.4) | (5.6) | (0.2) | 14.7 | 3.1 | (0.7) |
| Investing Cash Flow | (4,429.8) | (5,040.8) | (5,804.5) | (2,428.8) | (3,767.3) | (886.9) | (363.2) | (224.5) | (118.6) | (29.9) | (129.4) |
| Financing Activities | |||||||||||
| Net Debt Issuance | (35.6) | (172.8) | (35.3) | (640.6) | 2,958.3 | 1,060.7 | 1,136.5 | 564.3 | 674.3 | 1.8 | (1.5) |
| Stock Repurchased | (14.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 1,633.8 | 1,711.2 | 390.7 | 990.6 | 393.2 | (297.9) | (95.7) | (22.2) | (11.4) | 0 | 4.3 |
| Financing Cash Flow | 1,641.0 | 1,684.5 | 366.0 | 400.3 | 7,401.6 | 3,733.1 | 2,579.6 | 546.6 | 1,623.8 | 199.6 | 187.8 |
| Cash Position | |||||||||||
| Net Change in Cash | 2,315.3 | (162.1) | (3,366.7) | (3,227.8) | 3,784.7 | 3,482.8 | 2,311.3 | (185.7) | 1,177.3 | 53.9 | 30.2 |
| Cash at Beginning | 4,060.3 | 4,243.7 | 7,610.4 | 10,838.1 | 7,053.4 | 3,570.6 | 1,259.3 | 1,445.0 | 170.1 | 116.2 | 86.0 |
| Cash at End | 6,375.7 | 4,081.6 | 4,243.7 | 7,610.4 | 10,838.1 | 7,053.4 | 3,570.6 | 1,259.3 | 1,347.4 | 170.1 | 116.2 |
| Free Cash Flow | 4,514.0 | 2,955.8 | 1,821.4 | (2,032.0) | (598.5) | 219.6 | (177.2) | (673.7) | (414.0) | (139.3) | (101.8) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 22,938.5 | 16,819.9 | 13,063.6 | 12,449.7 | 9,955.2 | 4,375.7 | 2,175.4 | 827.0 | 414.2 | 345.7 | 292.1 | 160.8 |
| Gross Profit | 10,243.7 | 7,205.1 | 5,833.6 | 5,185.3 | 3,895.7 | 1,348.9 | 604.9 | 14.8 | 87.3 | 113.1 | 107.8 | 36.2 |
| Operating Income | 1,864.0 | 662.2 | 224.8 | (1,487.5) | (1,583.1) | (1,303.3) | (891.2) | (988.8) | (502.4) | (205.4) | (83.1) | (87.9) |
| Net Income | 1,578.1 | 444.3 | 150.7 | (1,651.4) | (2,046.8) | (1,618.1) | (1,462.8) | (961.2) | (560.5) | (222.9) | (103.4) | (88.4) |
| EPS (Diluted) | 2.52 | 0.73 | 0.25 | -2.96 | -3.84 | -3.39 | -3.35 | -2.84 | -2.73 | -0.69 | -0.32 | -0.27 |
| Balance Sheet | ||||||||||||
| Cash & Equivalents | 6,375.7 | 2,405.2 | 2,811.1 | 6,029.9 | 9,247.8 | 6,166.9 | 3,119.0 | 1,002.8 | 1,347.4 | 170.1 | ||
| Total Assets | 29,371.0 | 22,625.5 | 18,883.2 | 17,002.8 | 18,756.0 | 10,455.7 | 5,224.2 | 2,192.7 | 1,988.3 | 485.8 | ||
| Total Debt | 3,330.4 | 4,124.1 | 4,462.4 | 4,485.2 | 4,253.5 | 2,092.9 | 1,587.7 | 1,063.7 | 729.0 | 1.9 | ||
| Stockholders' Equity | 12,526.5 | 8,372.3 | 6,593.8 | 5,715.7 | 7,398.7 | 3,382.9 | 1,162.4 | (243.1) | 469.0 | (125.7) | ||
| Cash Flow | ||||||||||||
| Operating Cash Flow | 5,027.8 | 3,277.4 | 2,079.7 | (1,055.7) | 208.6 | 555.9 | 69.9 | (495.2) | (334.2) | (114.7) | (25.1) | |
| Capital Expenditure | (513.8) | (321.6) | (258.3) | (976.3) | (807.2) | (336.3) | (247.1) | (178.5) | (79.7) | (24.5) | (76.7) | |
| Free Cash Flow | 4,514.0 | 2,955.8 | 1,821.4 | (2,032.0) | (598.5) | 219.6 | (177.2) | (673.7) | (414.0) | (139.3) | (101.8) | |