Sea Limited (SE) AI Stock Analysis

NYSE: SEAI research summary: business, growth, valuation, analysts, bull and bear case.

SE AI stock analysis summary

AI Research

Sea Limited (SE) operates integrated digital entertainment, e-commerce, and digital financial services platforms including Garena, Shopee, and SeaMoney. The company grew revenue by 36.4% in FY2025 to $22.94B, expanding net income to $1.58B and free cash flow to $4.51B. Over the trailing twelve months, revenue reached $27.72B with quarterly revenue growing 48.1% year-over-year.

Market cap: $57.43B
Revenue (TTM): $27.72B
P/E: 36.2x
1Y return: -42.3%
Avg. target: $154.93

Bull case

Revenue expanded 36.4% in FY2025 to $22.94B, supported by a 5-year revenue CAGR of 39.3% from FY2020 to FY2025.
Free cash flow reached $4.51B in FY2025, strengthening net cash to $4.97B as of June 30, 2026.
Wall Street analysts maintain a mean price target of $154.93, which is 65.2% above the last close of $93.77.

Bear case

The stock has experienced significant declines, posting a 1-year return of -42.3% and a 5-year return of -73.5%.
Sea Limited trades at a trailing P/E of 36.2x, above the median of its US-listed Consumer Cyclical peers of 18.0x.
The company recorded only 1 EPS beat over the last 4 quarters.

What Sea does

Established in 2009 and headquartered in Singapore, Sea Limited operates across digital entertainment, e-commerce, and digital financial services in Southeast Asia, Latin America, and other global markets. Its Garena platform acts as a digital entertainment hub providing mobile and PC online games, eSports events, gameplay livestreaming, and community social features. The Shopee division operates a mobile-centric e-commerce marketplace featuring integrated payment, logistics infrastructure, and seller services. Under SeaMoney, the company delivers digital financial services including mobile wallets, payment processing, credit offerings, insurtech, and digital banking through brands such as ShopeePay, SPayLater, and SeaBank.

Growth and profitability

Sea Limited expanded revenue from $9.96B in FY2021 to $22.94B in FY2025, recording a 5-year revenue CAGR of 39.3% from FY2020 to FY2025. After posting net losses of -$2.05B in FY2021 and -$1.65B in FY2022, the business shifted to profitability in FY2023 with net income of $150.7M. Profitability advanced in FY2025 as net income reached $1.58B and operating margin expanded to 8.1%. Over the trailing twelve months ending June 30, 2026, revenue stood at $27.72B with an operating margin of 8.3% and EPS of $2.59. In the latest quarter, quarterly revenue grew 48.1% year-over-year while quarterly earnings increased 7.7%.

SE income statement →

Balance sheet and cash flow

As of June 30, 2026, Sea Limited reported $9.10B in cash and short-term investments against total debt of $4.13B, yielding net cash of $4.97B. Total assets stood at $32.01B and shareholders' equity was $12.91B, supporting a current ratio of 1.49 and a debt-to-equity ratio of 0.32. In FY2025, the company produced $5.03B in operating cash flow and $4.51B in free cash flow. Capital expenditures were $513.8M and share buybacks were $14.0M in FY2025, alongside an 18.2% change in share count over 5 years.

SE balance sheet →

Valuation and performance

At a last close of $93.77, Sea Limited has a market cap of $57.43B and an enterprise value of $58.29B. The stock trades at a trailing P/E of 36.2x and a forward P/E of 25.8x, compared to 18.0x and 14.1x for the median of its US-listed Consumer Cyclical peers. Its price-to-sales ratio of 2.1x and EV/EBITDA of 22.8x also trade at a premium to peer medians of 0.7x and 11.1x, while its PEG ratio is 0.99. Over the past year, the stock returned -42.3%, trailing the S&P 500 (SPY) return of 16.8%.

SE key metrics →

What analysts expect

Analyst coverage consists of 22 Strong Buy, 5 Buy, and 2 Hold ratings, with 0 Sell and 0 Strong Sell ratings. The mean price target of $154.93 represents a 65.2% premium over the last close of $93.77. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $31.17B and EPS of $3.93, representing 23.7% EPS growth. The company achieved 1 EPS beat over the last 4 quarters. The next earnings date is November 10, 2026.

SE forecast and price target →

Key risks and what to watch

With a beta of 1.55, the shares exhibit higher volatility than the broader market and trade -7.5% versus their 200-day average.
Shareholder dilution is a factor, reflected in an 18.2% increase in share count over 5 years.
Total debt reached $4.13B as of June 30, 2026, though it is offset by $9.10B in cash and short-term investments.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this SE AI stock analysis

This page is an AI-written research summary of Sea Limited (SE). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: SE income statement, SE balance sheet, SE key metrics, SE analyst forecast, SE chart. See the SE stock overview for the latest quote and news.

SE AI stock analysis FAQ

Does Sea Limited pay a dividend?

Sea Limited does not pay a dividend, directing its cash flow into business operations and capital expenditures of $513.8M in FY2025.

What are Sea Limited's primary valuation multiples compared to its peer group?

Sea Limited trades at a trailing P/E of 36.2x and an EV/EBITDA of 22.8x, both higher than the median of its US-listed Consumer Cyclical peers of 18.0x and 11.1x, respectively.

How is Sea Limited's balance sheet positioned?

As of June 30, 2026, the company held $9.10B in cash and short-term investments versus total debt of $4.13B, resulting in net cash of $4.97B and a current ratio of 1.49.

What are analysts forecasting for Sea Limited's FY2026 earnings and revenue?

For the fiscal year ending December 31, 2026, analysts estimate revenue of $31.17B and EPS of $3.93, ahead of the next earnings date on November 10, 2026.