Sea Limited Updated Valuation Model
Raising my targets post Q2 earnings
Hi all,
Two months ago, I published a deep dive on Sea Limited alongside a valuation model.
Since then, the company has reported Q2 results, showing a sharp re-acceleration of growth. The stock is up meaningfully since, and the question I keep getting is simple:
“Is Sea still cheap at these levels?”
That is what I’ll attempt to answer today.