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Sea Limited American Depositary Shares each representing one Class A (SE $185.53)
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Shopify Inc. Class A Subordinate Voting Shares (SHOP $196.52)
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MercadoLibre Inc. (MELI $2,430.62)
Q: I want to like SHOP but get put-off by the (forward) P/E. MELI scores better on P/E and RoE and appears to have momentum. Then there's SE, which shares MELI's P/E but shows better RoE growth; OTOH, it's somewhat more opaque.
I can see how SHOP might stand out on the basis of its global reach (i.e., which offsets possible weakness in North America), but have to wonder if, in the new world order, SouthEast Asia is the territory for e-commerce growth; ideas?
I can see how SHOP might stand out on the basis of its global reach (i.e., which offsets possible weakness in North America), but have to wonder if, in the new world order, SouthEast Asia is the territory for e-commerce growth; ideas?
5i Research Answer:
We like all three names listed, but we also feel that each name has its own role to play. We...
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in SE.