Summary The contrarian opportunity comes as investors are not pricing in the full potential for Sea Limited’s e-commerce business, Shopee. Shopee continues to bring solid market share in its core regions as a result of strong value propositions to customers and sellers. Shopee has been gaining market share at the expense of competitors, bringing increasing scale and better unit economics to Shopee. The company has been focused on profitability and long-term sustainability of the business, driving improvements in margins and accelerating its path to profitability. My 1-year target price for Sea Limited is $94.51 based on a sum of the parts valuation model. This implies 41% upside from current levels. This idea was discussed in more depth with members of my private investing community, Outperforming the Market. Learn More » undefined undefined This article was first posted in Outperforming the Market on January 13, 2023. Investment thesis With misunderstanding and uncertainty comes opportunity. I think that Sea Limited’s (NYSE: SE ) valuation reflects uncertainty. Based on the consensus estimates on Bloomberg, Sea Limited is now trading at 45x FY2024 EBITDA. This is for a company with leading positions in gaming, e-commerce and fintech in the markets that it operates […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
