$Sea (SE.US)$ For some valuable perspective on how low the c...
$Sea(SE.US$ For some valuable perspective on how low the company is currently valued, there is this from the Fool:
Garena's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) is down from $2.8 billion in 2021 to just $921 million in 2023. But if that is the trough of this downturn, Garena should get a growth multiple on those profits. Even putting a 15 to 20 multiple on perhaps $1 billion of 2024 EBITDA would make for half to two-thirds of Sea's entire value today, ignoring the high-growth e-commerce and fintech segments.
Seen this way, it is downright cheap at these levels. GLTA bulls.
Garena's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) is down from $2.8 billion in 2021 to just $921 million in 2023. But if that is the trough of this downturn, Garena should get a growth multiple on those profits. Even putting a 15 to 20 multiple on perhaps $1 billion of 2024 EBITDA would make for half to two-thirds of Sea's entire value today, ignoring the high-growth e-commerce and fintech segments.
Seen this way, it is downright cheap at these levels. GLTA bulls.
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profitpilot : At the same time all these doesn't matter if investors lose confidence. Which is the main issue right now.
Alley2000 : seeing the downhill trend, the first TP is at 50