SE Relative Valuation - Sea Ltd - Alpha Spread

Sea Ltd
NYSE:SE

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Sea Ltd
NYSE:SE
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Price: 77.18 USD -1.96% Market Closed
Market Cap: 44.3B USD
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Relative Value

The Relative Value of one SE stock under the Base Case scenario is 53.12 USD. Compared to the current market price of 77.18 USD, Sea Ltd is Overvalued by 31%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

SE Relative Value
Base Case
53.12 USD
Overvaluation 31%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
63
vs Industry
27
Median 3Y
2.9
Median 5Y
7.1
Industry
1.4
Forward
2.7
vs History
vs Industry
0
Median 3Y
-20.3
Median 5Y
-23.4
Industry
17.5
Forward
95
vs History
46
vs Industry
20
Median 3Y
17.3
Median 5Y
19.2
Industry
11.2
vs History
50
vs Industry
21
Median 3Y
16.3
Median 5Y
22
Industry
15.7
vs History
65
vs Industry
8
Median 3Y
6.4
Median 5Y
8.7
Industry
1.7
vs History
61
vs Industry
26
Median 3Y
2.8
Median 5Y
6.4
Industry
1.5
Forward
2.7
vs History
61
vs Industry
23
Median 3Y
6.7
Median 5Y
16.4
Industry
3.2
vs History
0
vs Industry
5
Median 3Y
-14.9
Median 5Y
-24.8
Industry
8.9
Forward
26.6
vs History
vs Industry
2
Median 3Y
-23.9
Median 5Y
-28.8
Industry
12.3
Forward
64.8
vs History
46
vs Industry
19
Median 3Y
16.8
Median 5Y
18.8
Industry
10.5
vs History
36
vs Industry
19
Median 3Y
13.5
Median 5Y
16.6
Industry
13.6
vs History
65
vs Industry
21
Median 3Y
3.3
Median 5Y
6.1
Industry
1.4

Multiples Across Competitors

SE Competitors Multiples
Sea Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
SG
Sea Ltd
NYSE:SE
44.3B USD 3.1 -220.8 106 -1 439.5
US
Activision Blizzard Inc
LSE:0H8X
74.1B USD 8.5 34.2 24.6 28.9
JP
Nintendo Co Ltd
TSE:7974
9T JPY 6.2 23.1 16.5 17.3
CN
NetEase Inc
NASDAQ:NTES
50.5B USD 3.4 12.4 7.9 8.6
US
Electronic Arts Inc
NASDAQ:EA
38.2B USD 5.2 33.2 19.9 25.3
US
Roblox Corp
NYSE:RBLX
28.2B USD 8.9 -26.2 -27.3 -22.4
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
27.4B USD 5.1 -7.2 40.1 -78
JP
Nexon Co Ltd
TSE:3659
2.3T JPY 5.2 32.9 12.2 13.1
JP
Konami Holdings Corp
TSE:9766
1.8T JPY 4.7 27.4 13.9 17.7
KR
Krafton Inc
KRX:259960
14.9T KRW 7.3 22 12.9 14.6
JP
Capcom Co Ltd
TSE:9697
1.4T JPY 9.8 38.5 24.8 27.2
P/E Multiple
Earnings Growth
SG
Sea Ltd
NYSE:SE
Average P/E: 28
Negative Multiple: -220.8
1 129%
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
151%
JP
Nintendo Co Ltd
TSE:7974
23.1
-4%
CN
NetEase Inc
NASDAQ:NTES
12.4
34%
US
Electronic Arts Inc
NASDAQ:EA
33.2
98%
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -26.2 N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -7.2 N/A
JP
N
Nexon Co Ltd
TSE:3659
32.9
115%
JP
Konami Holdings Corp
TSE:9766
27.4
39%
KR
Krafton Inc
KRX:259960
22
80%
JP
Capcom Co Ltd
TSE:9697
38.5
39%
EV/EBIT Multiple
EBIT Growth
SG
Sea Ltd
NYSE:SE
Average EV/EBIT: 19.1
Negative Multiple: -1 439.5
477%
US
A
Activision Blizzard Inc
LSE:0H8X
28.9
153%
JP
Nintendo Co Ltd
TSE:7974
17.3
N/A
CN
NetEase Inc
NASDAQ:NTES
8.6
48%
US
Electronic Arts Inc
NASDAQ:EA
25.3
82%
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -22.4 N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -78 N/A
JP
N
Nexon Co Ltd
TSE:3659
13.1
N/A
JP
Konami Holdings Corp
TSE:9766
17.7
N/A
KR
Krafton Inc
KRX:259960
14.6
46%
JP
Capcom Co Ltd
TSE:9697
27.2
N/A

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