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home / news releases / sea limited stock no longer floats my boat calling i

SE - Sea Limited Stock No Longer Floats My Boat Calling It A Day (Rating Downgrade)

Sea Limited American Depositary Shares each representing one Class A

2024-06-27 14:56:52 ET

Summary

  • Sea Limited has shown impressive revenue growth, up 23% y/y in Q1 2024, surpassing my expectations.
  • With a valuation of approximately 35x forward EBITDA, I find the Sea Limited risk-reward balance less compelling than it was a year ago.
  • Here's why I'm now moving to the sidelines.

Investment Thesis

Sea Limited ( SE ) is a stock that I've been recommending for a while , when few investors foresaw its potential. However, now its prospects are priced at about 35x forward EBITDA....

For further details see:

Sea Limited Stock No Longer Floats My Boat, Calling It A Day (Rating Downgrade)
Stock Information
Company Name: Sea Limited American Depositary Shares each representing one Class A
Stock Symbol: SE
Market: NYSE
Website: sea.com
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