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Sea started as a gaming business, Garena, but in 2015 expanded into e-commerce. Sea operates Southeast Asia's largest e-commerce company, Shopee, in terms of gross merchandise value. Shopee is a hybrid C2C and B2C marketplace platform operating in Indonesia, Taiwan, Vietnam, Thailand, Malaysia, the Philippines, and Brazil. For Garena, Free Fire is the key revenue generating game. Sea’s third business, SeaMoney, provides lending, payment, digital banking, and insurance services.As of March 31, 2024, Forrest Xiaodong Li, the founder, chairman and CEO, owned 59.8% of voting power and 18.5% of issued shares. Tencent owned 18.2% of issued shares with no voting power.
2009
62.7K+
LTM Revenue $18.1B
LTM EBITDA $2.0B
$63.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Sea has a last 12-month revenue of $18.1B and a last 12-month EBITDA of $2.0B.
In the most recent fiscal year, Sea achieved revenue of $13.1B and an EBITDA of $914M.
Sea expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Sea valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $12.4B | $13.1B | XXX | XXX | XXX |
| Gross Profit | $3.9B | $5.2B | XXX | XXX | XXX |
| Gross Margin | 31% | 40% | XXX | XXX | XXX |
| EBITDA | -$1.0B | $914M | XXX | XXX | XXX |
| EBITDA Margin | -8% | 7% | XXX | XXX | XXX |
| Net Profit | -$2.0B | -$1.7B | XXX | XXX | XXX |
| Net Margin | -16% | -13% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Sea's stock price is $119.
Sea has current market cap of $68.2B, and EV of $63.7B.
See Sea trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $63.7B | $68.2B | XXX | XXX | XXX | XXX | $2.31 |
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Sign UpAs of April 15, 2025, Sea has market cap of $68.2B and EV of $63.7B.
Sea's trades at 3.5x LTM EV/Revenue multiple, and 31.8x LTM EBITDA.
Analysts estimate Sea's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Sea and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $63.7B | XXX | XXX | XXX |
| EV/Revenue | 4.9x | XXX | XXX | XXX |
| EV/EBITDA | 69.6x | XXX | XXX | XXX |
| P/E | 452.4x | XXX | XXX | XXX |
| P/E/Growth | 1.2x | XXX | XXX | XXX |
| EV/FCF | 35.0x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpSea's NTM/LTM revenue growth is 24%
Sea's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Sea's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Sea's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Sea and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -189% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 31% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 21% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 9% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 9% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 42% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Prosus | XXX | XXX | XXX | XXX | XXX | XXX |
| Just Eat Takeaway.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Marti Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Airtasker | XXX | XXX | XXX | XXX | XXX | XXX |
| Articore Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Sea acquired XXX companies to date.
Last acquisition by Sea was XXXXXXXX, XXXXX XXXXX XXXXXX . Sea acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Sea founded? | Sea was founded in 2009. |
| Where is Sea headquartered? | Sea is headquartered in United States of America. |
| How many employees does Sea have? | As of today, Sea has 62.7K+ employees. |
| Who is the CEO of Sea? | Sea's CEO is Mr. Xiaodong Forrest Li. |
| Is Sea publicy listed? | Yes, Sea is a public company listed on NYS. |
| What is the stock symbol of Sea? | Sea trades under SE ticker. |
| When did Sea go public? | Sea went public in 2017. |
| Who are competitors of Sea? | Similar companies to Sea include e.g. Prosus, Just Eat Takeaway.com, Marti Technologies, Airtasker. |
| What is the current market cap of Sea? | Sea's current market cap is $68.2B |
| What is the current revenue of Sea? | Sea's last 12-month revenue is $18.1B. |
| What is the current EBITDA of Sea? | Sea's last 12-month EBITDA is $2.0B. |
| What is the current EV/Revenue multiple of Sea? | Current revenue multiple of Sea is 3.5x. |
| What is the current EV/EBITDA multiple of Sea? | Current EBITDA multiple of Sea is 31.8x. |
| What is the current revenue growth of Sea? | Sea revenue growth between 2023 and 2024 was 5%. |
| Is Sea profitable? | Yes, Sea is EBITDA-positive (as of the last 12 months). |
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