Sea Ltd (SE) - Net Assets
Based on the latest financial reports, Sea Ltd (SE) has net assets worth $10.30 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($26.75 Billion) and total liabilities ($16.45 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check SE financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $10.30 Billion |
| % of Total Assets | 38.52% |
| Annual Growth Rate | N/A |
| 5-Year Change | 147.87% |
| 10-Year Change | 11403.13% |
| Growth Volatility | 144.63 |
Sea Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Sea Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Sea Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for Sea Ltd (2014–2024)
The table below shows the annual net assets of Sea Ltd from 2014 to 2024. For live valuation and market cap data, see Sea Ltd (SE) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $8.48 Billion | +26.58% |
| 2023-12-31 | $6.70 Billion | +15.26% |
| 2022-12-31 | $5.81 Billion | -21.73% |
| 2021-12-31 | $7.42 Billion | +117.07% |
| 2020-12-31 | $3.42 Billion | +191.67% |
| 2019-12-31 | $1.17 Billion | +589.72% |
| 2018-12-31 | $-239.46 Million | -150.40% |
| 2017-12-31 | $475.13 Million | +478.14% |
| 2016-12-31 | $-125.65 Million | -270.49% |
| 2015-12-31 | $73.70 Million | +351.85% |
| 2014-12-31 | $-29.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sea Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 797651700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $295.00K | 0.00% |
| Other Comprehensive Income | $-193.15 Million | -2.31% |
| Other Components | $16.72 Billion | 199.71% |
| Total Equity | $8.37 Billion | 100.00% |
Sea Ltd Competitors by Market Cap
The table below lists competitors of Sea Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Comfort Systems USA Inc
NYSE:FIX
|
$47.20 Billion |
|
SoftBank Group Corp
F:SFTU
|
$47.30 Billion |
|
Shandong Hongchuang Aluminum Industry Holding Co Ltd
SHE:002379
|
$47.48 Billion |
|
Exelon Corporation
NASDAQ:EXC
|
$47.58 Billion |
|
East Money Information Co Ltd
SHE:300059
|
$47.09 Billion |
|
Targa Resources Inc
NYSE:TRGP
|
$46.85 Billion |
|
SIEMENS HEALTH ADR/050
F:SHL1
|
$46.68 Billion |
|
Garmin Ltd
NYSE:GRMN
|
$46.66 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sea Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,593,830,000 to 8,372,335,000, a change of 1,778,505,000 (27.0%).
- Net income of 444,321,000 contributed positively to equity growth.
- Share repurchases of 146,081,000 reduced equity.
- New share issuances of 146,081,000 increased equity.
- Other comprehensive income decreased equity by 102,129,000.
- Other factors increased equity by 1,436,313,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $444.32 Million | +5.31% |
| Share Repurchases | $146.08 Million | -1.74% |
| Share Issuances | $146.08 Million | +1.74% |
| Other Comprehensive Income | $-102.13 Million | -1.22% |
| Other Changes | $1.44 Billion | +17.16% |
| Total Change | $- | 26.97% |
Book Value vs Market Value Analysis
This analysis compares Sea Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.23x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $-0.10 | $86.20 | x |
| 2015-12-31 | $0.22 | $86.20 | x |
| 2016-12-31 | $-0.39 | $86.20 | x |
| 2017-12-31 | $2.28 | $86.20 | x |
| 2018-12-31 | $-0.72 | $86.20 | x |
| 2019-12-31 | $2.66 | $86.20 | x |
| 2020-12-31 | $7.09 | $86.20 | x |
| 2021-12-31 | $13.89 | $86.20 | x |
| 2022-12-31 | $10.24 | $86.20 | x |
| 2023-12-31 | $11.09 | $86.20 | x |
| 2024-12-31 | $13.85 | $86.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sea Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.31%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.64%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 2.70x
- Recent ROE (5.31%) is above the historical average (-44.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.00% | -54.98% | 0.57x | 0.00x | $-85.27 Million |
| 2015 | -144.26% | -35.38% | 0.68x | 6.00x | $-110.53 Million |
| 2016 | 0.00% | -64.47% | 0.71x | 0.00x | $-210.30 Million |
| 2017 | -119.50% | -135.32% | 0.21x | 4.24x | $-607.39 Million |
| 2018 | 0.00% | -116.24% | 0.38x | 0.00x | $-936.93 Million |
| 2019 | -125.84% | -67.24% | 0.42x | 4.49x | $-1.58 Billion |
| 2020 | -47.83% | -36.98% | 0.42x | 3.09x | $-1.96 Billion |
| 2021 | -27.66% | -20.56% | 0.53x | 2.54x | $-2.79 Billion |
| 2022 | -28.89% | -13.26% | 0.73x | 2.97x | $-2.22 Billion |
| 2023 | 2.29% | 1.15% | 0.69x | 2.86x | $-508.66 Million |
| 2024 | 5.31% | 2.64% | 0.74x | 2.70x | $-392.91 Million |
Industry Comparison
This section compares Sea Ltd's net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $7,541,565,044
- Average return on equity (ROE) among peers: 6.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sea Ltd (SE) | $10.30 Billion | 0.00% | 1.60x | $47.11 Billion |
| Winamp Group SA (ALPET) | $3.19 Million | -19.36% | 0.11x | $13.13 Million |
| Amazon.com Inc (AMZN) | $62.06 Billion | 18.67% | 2.63x | $2.51 Trillion |
| Beyond, Inc. (BYON) | $54.91 Million | -21.03% | 0.78x | $541.91 Million |
| Baozun Inc (BZUN) | $5.78 Billion | -3.20% | 0.77x | $138.03 Million |
| Maplebear Inc. (CART) | $50.26 Million | 5.87% | 8.45x | $10.15 Billion |
| Chewy Inc (CHWY) | $-403.97 Million | 0.00% | 0.00x | $6.09 Billion |
| Coupang LLC (CPNG) | $4.10 Billion | 3.75% | 2.74x | $33.89 Billion |
| Dada Nexus Ltd (DADA) | $-7.19 Billion | 0.00% | 0.00x | $506.16 Million |
| DoorDash, Inc. Class A Common Stock (DASH) | $1.18 Billion | -56.43% | 0.47x | $69.45 Billion |
| eBay Inc (EBAY) | $9.78 Billion | 139.17% | 1.72x | $39.55 Billion |
About Sea Ltd
Sea Limited, through its subsidiaries, operates as a consumer internet company in Southeast Asia, Latin America, the rest of Asia, and internationally. The company operates through E-commerce, Digital financial services, and Digital entertainment segments. It offers Garena, a digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations and … Read more