Sea Limited (S2EA34) - Net Assets
Based on the latest financial reports, Sea Limited (S2EA34) has net assets worth R$10.20 Billion BRL as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$26.75 Billion) and total liabilities (R$16.56 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$10.20 Billion |
| % of Total Assets | 38.11% |
| Annual Growth Rate | N/A |
| 5-Year Change | 147.87% |
| 10-Year Change | N/A |
| Growth Volatility | 77.8 |
Sea Limited - Net Assets Trend (2018–2024)
This chart illustrates how Sea Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sea Limited (2018–2024)
The table below shows the annual net assets of Sea Limited from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$8.48 Billion | +26.58% |
| 2023-12-31 | R$6.70 Billion | +17.18% |
| 2022-12-31 | R$5.72 Billion | -23.01% |
| 2021-12-31 | R$7.42 Billion | +117.07% |
| 2020-12-31 | R$3.42 Billion | +191.67% |
| 2019-12-31 | R$1.17 Billion | +589.72% |
| 2018-12-31 | R$-239.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sea Limited'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 608752400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | R$295.00K | 0.00% |
| Other Components | R$16.53 Billion | 197.40% |
| Total Equity | R$8.37 Billion | 100.00% |
Sea Limited Competitors by Market Cap
The table below lists competitors of Sea Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shin-Etsu Chemical Co. Ltd
PINK:SHECF
|
$46.17 Billion |
|
The Kroger Co.
SA:K1RC34
|
$46.18 Billion |
|
CITIC Securities Co Ltd
SHG:600030
|
$46.24 Billion |
|
KBC Groep NV
BR:KBC
|
$46.27 Billion |
|
Hess Corporation
NYSE:HES
|
$46.07 Billion |
|
Macquarie Group Limited
PINK:MCQEF
|
$46.05 Billion |
|
COMPASS GROUP
F:XGR
|
$46.03 Billion |
|
GALDERMA GROUP AG
NYSE:GALDY
|
$45.88 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sea Limited'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 factors increased equity by 1,334,184,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$444.32 Million | +5.31% |
| Share Repurchases | R$146.08 Million | -1.74% |
| Share Issuances | R$146.08 Million | +1.74% |
| Other Changes | R$1.33 Billion | +15.94% |
| Total Change | R$- | 26.97% |
Book Value vs Market Value Analysis
This analysis compares Sea Limited'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: 1.21x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | R$-0.71 | R$17.22 | x |
| 2019-12-31 | R$2.51 | R$17.22 | x |
| 2020-12-31 | R$6.61 | R$17.22 | x |
| 2021-12-31 | R$13.27 | R$17.22 | x |
| 2022-12-31 | R$10.21 | R$17.22 | x |
| 2023-12-31 | R$11.52 | R$17.22 | x |
| 2024-12-31 | R$14.21 | R$17.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sea Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.31%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.64%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 2.70x
- Recent ROE (5.31%) is above the historical average (-31.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | -116.24% | 0.38x | 0.00x | R$-936.93 Million |
| 2019 | -125.84% | -67.24% | 0.42x | 4.49x | R$-1.58 Billion |
| 2020 | -47.83% | -36.98% | 0.42x | 3.09x | R$-1.96 Billion |
| 2021 | -27.66% | -20.56% | 0.53x | 2.54x | R$-2.79 Billion |
| 2022 | -28.89% | -13.26% | 0.73x | 2.97x | R$-2.22 Billion |
| 2023 | 2.29% | 1.15% | 0.69x | 2.86x | R$-508.66 Million |
| 2024 | 5.31% | 2.64% | 0.74x | 2.70x | R$-392.91 Million |
Industry Comparison
This section compares Sea Limited's net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $4,038,612,000
- Average return on equity (ROE) among peers: 47.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sea Limited (S2EA34) | R$10.20 Billion | 0.00% | 1.62x | $46.16 Billion |
| Americanas S.A. (AMER3) | $4.97 Billion | 166.62% | 2.51x | $238.89 Million |
| DoorDash, Inc. (D2AS34) | $6.81 Billion | -8.20% | 0.59x | $60.44 Billion |
| Enjoei S.A (ENJU3) | $339.84 Million | -15.59% | 0.21x | $43.85 Million |
About Sea Limited
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