The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
TIP816: Sea Limited (SE): Can Sea Limited 10x Again? w/ Daniel Mahncke & Shawn O’Malley
This episode isn’t summarized yet
Create a free account and summarize it. In a few minutes you’ll have the key takeaways and a section-by-section summary.
Show notes
Daniel Mahncke and Shawn O'Malley take a deep dive into Sea Limited — the largest Southeast Asian marketplace whose investment case now turns on two of the most debated questions in the stock today: whether Shopee's dominance across Southeast Asia can hold up against TikTok Shop without margins being structurally capped near current levels, and whether Sea's expansion into Brazil, head-to-head with Mercado Libre, is the next leg of the story or a costly distraction from the markets where the company already wins.
IN THIS EPISODE YOU’LL LEARN:
(00:00:00) Intro
(00:02:36) How Sea Limited was founded
(00:06:39) Which business units belong to Sea Limited
(00:11:48) How a gaming business is funding Shopee and Monee
(00:16:54) How Monee compares to Mercado Libre's Mercado Pago
(00:42:32) Why Shopee has become the largest e-commerce company in SEA
(01:19:22) How Sea Limited’s moat looks like
(01:28:17) Why Sea Limited is so strong in Brazil
(01:34:22) Valuation discussion of SE
(01:35:51) Intrinsic value of SE
(01:36:39) Whether Shawn and Daniel add SE to the Intrinsic Value Portfolio
BOOKS AND RESOURCES
Join the exclusive The Intrinsic Value Mastermind Community.
Track The Intrinsic Value Portfolio.
Norges Bank Interview with SE CEO.
Jimmy’s Journal's Article on SEA.
RS Capital Deep Dive on SEA.
Hayden Capital Interview with Drew Cohen.
Hayden Capital Shareholder Letter.
Previous Intrinsic Value breakdowns: Mercado Libre, Coupang, Amazon.
Follow Shawn on X and Linkedin.
Follow Daniel on X and Linkedin.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses through The Intrinsic Value Newsletter.
Check out The Investor’s Podcast Starter Packs.
Follow our official social media accounts: X | LinkedIn | Facebook.
Try our tool for picking stock winners and managing our portfolios: TIP Finance.
Enjoy exclusive perks from our favorite Apps and Services.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
Plus500
Netsuite
Shopify
Vanta
References to any third-party products, services, or advertisers do not constitute endorsements, and The Investor’s Podcast Network is not responsible for any claims made by them.
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm