Added to YB: 2026-03-25
Pitch date: 2026-03-22
SE [neutral]
Sea Limited
+3.84%
current return
Author Info
27, Taiwanese, ex-eCommerce founder, 2500% return in six years, obsess with business strategies, traveling around the world. Sign up for the newsletter.
Company Info
Sea Limited, through its subsidiaries, operates as a consumer internet company in Southeast Asia, Latin America, the rest of Asia, and internationally.
Market Cap
$46.7B
Pitch Price
$79.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
14.70
P/E
31.29
EV/Sales
1.72
Sector
Broadline Retail
Category
growth
Sea Limited's Monee in 2026: What It's Doing and What to Expect Going Forward
SE (overview): Monee fintech crossed inflection point, credit biz surging. 3 stages: 1)boost Shopee conversion 2)default consumer credit 3)digital life app. 37M credit users, $5.1B loan book (+72% YoY). 4 products: on/off-Shopee SPayLater + cash loans + SME loans. Off-Shopee SPayLater +300% YoY via national QR integration, now 15% of portfolio. 90d NPL stable 1.1%. Indonesia standalone app >50M downloads. Eyeing secured loans, mortgages, O2O services. Risk: balance sheet funding unsustainable if Shopee profits slow. Garena +37% bookings, double-digit growth guided 2026.
Read full article (14 min)