WallStSmart

D-MARKET Electronic Services & Trading ADR (HEPS)vsSea Ltd (SE)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

D-MARKET Electronic Services & Trading ADR generates 173% more annual revenue ($62.56B vs $22.94B). SE leads profitability with a 6.9% profit margin vs -4.7%. SE earns a higher WallStSmart Score of 70/100 (B-).

HEPS

Avoid

34

out of 100

Grade: F

Growth: 8.0Profit: 2.0Value: 5.0Quality: 5.0

SE

Strong Buy

70

out of 100

Grade: B-

Growth: 10.0Profit: 6.0Value: 8.7Quality: 5.5
Piotroski: 6/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for HEPS.

SEUndervalued (+2.9%)

Margin of Safety

+2.9%

Fair Value

$117.94

Current Price

$82.47

$35.47 discount

UndervaluedFair: $117.94Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

HEPS2 strengths · Avg: 10.0/10
Price/BookValuation
1.0x10/10

Reasonable price relative to book value

Revenue GrowthGrowth
62.7%10/10

Revenue surging 62.7% year-over-year

SE4 strengths · Avg: 9.0/10
Revenue GrowthGrowth
38.4%10/10

Revenue surging 38.4% year-over-year

EPS GrowthGrowth
58.5%10/10

Earnings expanding 58.5% YoY

PEG RatioValuation
0.558/10

Growing faster than its price suggests

Free Cash FlowQuality
$1.04B8/10

Generating 1.0B in free cash flow

Areas to Watch

HEPS4 concerns · Avg: 2.5/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$756.32M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-129.8%2/10

ROE of -129.8% — below average capital efficiency

Profit MarginProfitability
-4.7%1/10

Currently unprofitable

SE2 concerns · Avg: 3.5/10
P/E RatioValuation
31.1x4/10

Premium valuation, high expectations priced in

Profit MarginProfitability
6.9%3/10

6.9% margin — thin

Comparative Analysis Report

WallStSmart Research

Bull Case : HEPS

The strongest argument for HEPS centers on Price/Book, Revenue Growth. Revenue growth of 62.7% demonstrates continued momentum.

Bull Case : SE

The strongest argument for SE centers on Revenue Growth, EPS Growth, PEG Ratio. Revenue growth of 38.4% demonstrates continued momentum. PEG of 0.55 suggests the stock is reasonably priced for its growth.

Bear Case : HEPS

The primary concerns for HEPS are EPS Growth, Market Cap, Return on Equity.

Bear Case : SE

The primary concerns for SE are P/E Ratio, Profit Margin.

Key Dynamics to Monitor

HEPS carries more volatility with a beta of 2.31 — expect wider price swings.

HEPS is growing revenue faster at 62.7% — sustainability is the question.

SE generates stronger free cash flow (1.0B), providing more financial flexibility.

Monitor INTERNET RETAIL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

SE scores higher overall (70/100 vs 34/100) and 38.4% revenue growth. Both earn "Strong Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

D-MARKET Electronic Services & Trading ADR

CONSUMER CYCLICAL · INTERNET RETAIL · USA

D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi operates an e-commerce platform. The company is headquartered in Istanbul, Turkey.

Sea Ltd

CONSUMER CYCLICAL · INTERNET RETAIL · USA

Sea Limited is engaged in the digital entertainment, e-commerce and digital financial services businesses in Southeast Asia, Latin America, the rest of Asia and internationally. The company is headquartered in Singapore.

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