SE

Based on a comprehensive review, SE presents a contrasting picture of solid fundamentals against significant technical and valuation headwinds.

Technical & Valuation Outlook: The stock is in a clear downtrend, having substantially underperformed the market and showing high volatility. While this may indicate an oversold condition, it occurs alongside a premium valuation. The high trailing P/E and P/B ratios suggest the market had priced in very optimistic growth, which recent price action is challenging.

Fundamental Strengths: The core business remains healthy. SE demonstrates strong revenue growth, a robust balance sheet with minimal debt, and excellent liquidity. Efficient inventory management is a positive, though operational returns and margins show some recent pressure.

Risk Assessment: The primary risk is the high volatility (Beta of 1.58), which makes the stock susceptible to sharp declines in a weak market. The low short interest is a minor positive, suggesting a lack of strong negative speculative sentiment.

Recommendation: HOLD. While SE's underlying business is fundamentally sound with good growth, the current combination of a steep price decline, high volatility, and rich valuation creates significant near-term uncertainty. Investors should wait for clearer signs of a trend reversal and stabilization in profitability metrics before considering a new position. This is not investment advice, for reference only.

RockFlow 模型预测：2026年三种情景

Based on the comprehensive analysis provided, here is a 12-month outlook for Sea Limited (SE):

12-Month Outlook for SE

The outlook for SE over the next year hinges on its ability to reignite investor confidence by translating strong fundamental growth into improved profitability, which would justify its premium valuation. Key positive catalysts include the continued expansion of its e-commerce and digital financial services segments, alongside its robust, debt-light balance sheet providing operational flexibility. The primary risks are its high volatility (Beta 1.58) and rich valuation multiples, which make the stock highly susceptible to broader market downturns or any earnings disappointments. Given the significant disparity between the current price of ~$126 and the analyst consensus target near $191, the stock possesses substantial potential upside if sentiment improves, but achieving this target is contingent on a successful reversal of the current negative technical trend.

华尔街共识

大多数华尔街分析师对SE未来12个月的走势持乐观态度，主流目标价集中在$0.00左右，表明普遍预期公司仍有上涨空间。

综合来看，SE具备一定的投资价值，但也面临多重挑战。以下是投资该股票前需要权衡的主要因素。

SE has demonstrated substantial weakness with significant price declines over recent periods. The stock faces strong selling pressure and has substantially underperformed the broader market.

Over the past three months, SE has plummeted -31.85%, severely underperforming the market by -36.25%, indicating substantial relative weakness. The one-month decline of -7.43% shows continued downward momentum, though at a moderated pace compared to the preceding months.

Currently trading at $126.25, SE sits closer to its 52-week low of $99.5 than its high of $199.3, suggesting an oversold condition. With a maximum drawdown of -39.47% over the past year and high beta of 1.58, the stock remains in a volatile downtrend but may be approaching levels where selling pressure could exhaust.

Revenue & Profitability: SE demonstrated solid revenue growth with Q3 revenue increasing to $6.0 billion from $5.3 billion in Q2 2025, representing approximately 14% quarterly growth. However, profitability metrics showed modest pressure as the net income ratio declined from 7.9% to 6.2% quarter-over-quarter, while gross profit margin softened from 45.8% to 43.4%, indicating potential cost inflation or pricing challenges.

Financial Health: The company maintains a conservative capital structure with a low debt ratio of 16.5% and minimal long-term debt capitalization at 13.7%. Strong interest coverage of 54x and solid liquidity metrics, including current and quick ratios above 1.5, reflect robust financial stability despite the cash ratio appearing somewhat modest at 0.17.

Operational Efficiency: SE exhibits moderate operational efficiency with ROE of 4.3% and asset turnover of 0.21, suggesting room for improvement in capital utilization. The company maintains efficient inventory management with high turnover of 16.8x, though the operating cash flow to sales ratio of 0.31 indicates decent cash generation relative to revenue.

Based on the provided metrics, SE appears richly valued. The trailing PE ratio of 55 is elevated, suggesting high growth expectations, though the more reasonable forward PE of 25 indicates anticipated earnings improvement. The high PB ratio of 7.37 and PS ratio of 3.55 further confirm a premium valuation, which is supported by a substantial EV/EBITDA of 38.8, indicating the market is pricing in significant future cash flow growth.

A peer comparison cannot be conclusively performed as industry average data is unavailable. The assessment is therefore based solely on absolute measures, which point to a high valuation. To determine if this premium is justified relative to its sector, comparative industry data would be necessary.

The stock exhibits significant volatility driven by its elevated Beta of 1.58, indicating it is approximately 58% more volatile than the broader market. Investors face substantial capital erosion risk, as evidenced by its one-year maximum drawdown of -39.47%, which highlights considerable downside volatility during adverse market conditions.

From a market sentiment and liquidity perspective, the stock presents a relatively low risk from short sellers, with a short interest of 2.96% suggesting minimal speculative pressure. While specific liquidity metrics are not provided, the low short interest generally indicates adequate market depth and a lack of significant crowding on the short side, though liquidity risk should be assessed in conjunction with average trading volumes.