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XONI
27.5%
SNAL
-25.3%
MPU
9.8%
HK
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Sea Ltd
NYSE:SE
新加坡 / 通訊服務 / 娛樂
貨幣
$
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綜觀
股息
財報
模型
財務狀況
比較
穩健度
圖表
5 年 DCF 增長退出價
股價
133.57
USD
公允價值
103.11
USD
Metrics
Range
Conclusion
Discount Rate
10.0% - 9.0%
9.5%
Perpetuity Growth Rate
0.0% - 0.5%
0.0%
Fair Value
$98.31 - $112.87
$103.11
Upside
-24.0% - -12.7%
-20.2%
16.1%
Revenue 5y CAGR
17.5%
5y Avg EBITDA Margin
47.2%
Unlevered FCF 5y CAGR
5-Year DCF Model: Gordon Growth Exit
分享
儲存
股價
133.57
USD
公允價值
103.11
USD
看漲
-20.2%
Revenue and EBITDA
CapEx
Working Capital
D&A
Tax Rate
Discount Rate
Terminal Value
Select Revenue and EBITDA Forecast
(USD in millions)
Input Projections
Fiscal Years Ending
Dec-24
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
Revenue
16,820
21,092
24,804
28,135
31,673
35,546
% Growth
28.8%
25.4%
17.6%
13.4%
12.6%
12.2%
EBITDA
1,052
2,914
3,735
4,624
6,476
7,753
% of Revenue
6.3%
13.8%
15.1%
16.4%
20.4%
21.8%
支援算式
Calculation of Free Cash Flow
Discounting Periods
Discounting Factors
Calculation of Enterprise Value
Equity Waterfall
Historical Financials
Current Trading Multiples
Calculation of Free Cash Flow
Projected Unlevered Cash Flow
(USD in millions)
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
Terminal
EBITDA
2,914
3,735
4,624
6,476
7,753
7,753
Other Income / (Exp)
0
0
0
0
0
0
D&A
(1,145)
(971)
(890)
(1,599)
(1,803)
(472)
EBIT
1,769
2,764
3,734
4,877
5,950
7,282
Pro forma Taxes
(460)
(719)
(971)
(1,268)
(1,547)
(1,893)
NOPAT
490
1,309
2,045
2,763
3,609
4,403
5,389
Capital Expenditures
(318)
(425)
(458)
(578)
(450)
(497)
(497)
NWC Investment
312
355
309
277
294
322
0
(+) D&A
390
1,145
971
890
1,599
1,803
472
Free Cash Flow
874
2,385
2,867
3,353
5,052
6,032
5,364
% Growth
173%
20%
17%
51%
19%
-11%
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