Sea Ltd ADR

SE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Sea Limited: Fair Value Estimate Cut by 8% on Higher Capital Expenditures; Shares Still Undervalued

Chelsey Tam

Nov 11, 2026

Sea Limited's third-quarter capital expenditures increased 54% sequentially. Management guided higher capex for Shopee Express logistics expansion and artificial intelligence server procurement in the coming quarters. EBIT grew 40% year over year on 41% Shopee revenue growth.

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Sea Ltd ADR

Sea Limited: Fair Value Estimate Cut by 8% on Higher Capital Expenditures; Shares Still Undervalued

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