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SENDAS DISTRIBUIDORA SA (ASAI) Stock Fundamental Analysis

NYSE:ASAI - New York Stock Exchange, Inc. - US81689T1043 - ADR - Currency: USD

4.67  +0.08 (+1.74%)

After market: 4.6 -0.07 (-1.5%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to ASAI. ASAI was compared to 41 industry peers in the Consumer Staples Distribution & Retail industry. There are concerns on the financial health of ASAI while its profitability can be described as average. ASAI is valued quite cheap, while showing a decent growth score. This is a good combination!


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year ASAI was profitable.
ASAI had a positive operating cash flow in the past year.
Each year in the past 5 years ASAI has been profitable.
ASAI had a positive operating cash flow in each of the past 5 years.
ASAI Yearly Net Income VS EBIT VS OCF VS FCFASAI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

1.2 Ratios

The Return On Assets of ASAI (1.45%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 12.73%, ASAI is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
The Return On Invested Capital of ASAI (12.72%) is better than 85.71% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ASAI is above the industry average of 8.01%.
Industry RankSector Rank
ROA 1.45%
ROE 12.73%
ROIC 12.72%
ROA(3y)3.9%
ROA(5y)4.41%
ROE(3y)34.95%
ROE(5y)43.75%
ROIC(3y)12.81%
ROIC(5y)13.33%
ASAI Yearly ROA, ROE, ROICASAI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60 80

1.3 Margins

Looking at the Profit Margin, with a value of 0.88%, ASAI is in line with its industry, outperforming 45.24% of the companies in the same industry.
ASAI's Profit Margin has declined in the last couple of years.
ASAI has a better Operating Margin (5.03%) than 88.10% of its industry peers.
ASAI's Operating Margin has declined in the last couple of years.
ASAI has a worse Gross Margin (16.48%) than 78.57% of its industry peers.
In the last couple of years the Gross Margin of ASAI has declined.
Industry RankSector Rank
OM 5.03%
PM (TTM) 0.88%
GM 16.48%
OM growth 3Y-9.55%
OM growth 5Y-7.56%
PM growth 3Y-34.95%
PM growth 5Y-25.57%
GM growth 3Y-0.28%
GM growth 5Y-2.14%
ASAI Yearly Profit, Operating, Gross MarginsASAI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15

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1

2. Health

2.1 Basic Checks

ASAI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for ASAI remains at a similar level compared to 1 year ago.
ASAI has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ASAI has a worse debt to assets ratio.
ASAI Yearly Shares OutstandingASAI Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M
ASAI Yearly Total Debt VS Total AssetsASAI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 10B 20B 30B 40B

2.2 Solvency

ASAI has an Altman-Z score of 2.08. This is not the best score and indicates that ASAI is in the grey zone with still only limited risk for bankruptcy at the moment.
ASAI has a Altman-Z score of 2.08. This is in the lower half of the industry: ASAI underperforms 69.05% of its industry peers.
ASAI has a debt to FCF ratio of 10.95. This is a negative value and a sign of low solvency as ASAI would need 10.95 years to pay back of all of its debts.
With a Debt to FCF ratio value of 10.95, ASAI perfoms like the industry average, outperforming 40.48% of the companies in the same industry.
ASAI has a Debt/Equity ratio of 4.15. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 4.15, ASAI is not doing good in the industry: 92.86% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 4.15
Debt/FCF 10.95
Altman-Z 2.08
ROIC/WACC1.44
WACC8.84%
ASAI Yearly LT Debt VS Equity VS FCFASAI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 5B 10B 15B 20B

2.3 Liquidity

ASAI has a Current Ratio of 0.86. This is a bad value and indicates that ASAI is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of ASAI (0.86) is worse than 78.57% of its industry peers.
A Quick Ratio of 0.43 indicates that ASAI may have some problems paying its short term obligations.
With a Quick ratio value of 0.43, ASAI is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.86
Quick Ratio 0.43
ASAI Yearly Current Assets VS Current LiabilitesASAI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 5B 10B 15B

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6

3. Growth

3.1 Past

The earnings per share for ASAI have decreased strongly by -21.14% in the last year.
The earnings per share for ASAI have been decreasing by -33.43% on average. This is quite bad
The Revenue has grown by 12.56% in the past year. This is quite good.
The Revenue has been growing by 23.64% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-21.14%
EPS 3Y-20.41%
EPS 5Y-33.43%
EPS Q2Q%-11.76%
Revenue 1Y (TTM)12.56%
Revenue growth 3Y22.65%
Revenue growth 5Y23.64%
Sales Q2Q%9.18%

3.2 Future

The Earnings Per Share is expected to grow by 26.98% on average over the next years. This is a very strong growth
Based on estimates for the next years, ASAI will show a quite strong growth in Revenue. The Revenue will grow by 10.96% on average per year.
EPS Next Y1.06%
EPS Next 2Y20.92%
EPS Next 3Y27.27%
EPS Next 5Y26.98%
Revenue Next Year11.26%
Revenue Next 2Y10.07%
Revenue Next 3Y9.61%
Revenue Next 5Y10.96%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
ASAI Yearly Revenue VS EstimatesASAI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20B 40B 60B 80B 100B
ASAI Yearly EPS VS EstimatesASAI Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2 4 6

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8

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 11.97, the valuation of ASAI can be described as very reasonable.
ASAI's Price/Earnings ratio is rather cheap when compared to the industry. ASAI is cheaper than 80.95% of the companies in the same industry.
ASAI's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.68.
A Price/Forward Earnings ratio of 7.49 indicates a rather cheap valuation of ASAI.
Based on the Price/Forward Earnings ratio, ASAI is valued cheaply inside the industry as 95.24% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.50, ASAI is valued rather cheaply.
Industry RankSector Rank
PE 11.97
Fwd PE 7.49
ASAI Price Earnings VS Forward Price EarningsASAI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

ASAI's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ASAI is cheaper than 80.95% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ASAI is valued cheaply inside the industry as 97.62% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 3.23
EV/EBITDA 5.65
ASAI Per share dataASAI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
ASAI's earnings are expected to grow with 27.27% in the coming years. This may justify a more expensive valuation.
PEG (NY)11.26
PEG (5Y)N/A
EPS Next 2Y20.92%
EPS Next 3Y27.27%

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3

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.53%, ASAI has a reasonable but not impressive dividend return.
The stock price of ASAI dropped by -22.55% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
ASAI's Dividend Yield is rather good when compared to the industry average which is at 2.30. ASAI pays more dividend than 80.95% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, ASAI has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.53%

5.2 History

ASAI has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
ASAI Yearly Dividends per shareASAI Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 0.1 0.2 0.3 0.4

5.3 Sustainability

DP0%
EPS Next 2Y20.92%
EPS Next 3Y27.27%
ASAI Yearly Income VS Free CF VS DividendASAI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B 2.5B

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SENDAS DISTRIBUIDORA SA

NYSE:ASAI (1/8/2025, 8:04:01 PM)

After market: 4.6 -0.07 (-1.5%)

4.67

+0.08 (+1.74%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)11-08 2024-11-08/bmo
Earnings (Next)02-19 2025-02-19/amc
Inst Owners77.46%
Inst Owner Change-93.47%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.26B
Analysts79.13
Price Target5.69 (21.84%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.53%
Yearly Dividend0.09
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.27%
Min EPS beat(2)-16.94%
Max EPS beat(2)-1.6%
EPS beat(4)0
Avg EPS beat(4)-11.78%
Min EPS beat(4)-18.24%
Max EPS beat(4)-1.6%
EPS beat(8)2
Avg EPS beat(8)-9.57%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-3.66%
Min Revenue beat(2)-3.85%
Max Revenue beat(2)-3.46%
Revenue beat(4)0
Avg Revenue beat(4)-3.84%
Min Revenue beat(4)-4.14%
Max Revenue beat(4)-3.46%
Revenue beat(8)0
Avg Revenue beat(8)-3.57%
Revenue beat(12)0
Avg Revenue beat(12)-3.59%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-9.06%
PT rev (3m)-33.49%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-17.14%
EPS NY rev (1m)0%
EPS NY rev (3m)-16.19%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.5%
Revenue NY rev (1m)-0.36%
Revenue NY rev (3m)-1.11%
Valuation
Industry RankSector Rank
PE 11.97
Fwd PE 7.49
P/S 0.11
P/FCF 3.23
P/OCF 1.74
P/B 1.53
P/tB N/A
EV/EBITDA 5.65
EPS(TTM)0.39
EY8.35%
EPS(NY)0.62
Fwd EY13.34%
FCF(TTM)1.45
FCFY31%
OCF(TTM)2.68
OCFY57.36%
SpS44.02
BVpS3.05
TBVpS-0.11
PEG (NY)11.26
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.45%
ROE 12.73%
ROCE 13.91%
ROIC 12.72%
ROICexc 15.04%
ROICexgc 19.66%
OM 5.03%
PM (TTM) 0.88%
GM 16.48%
FCFM 3.29%
ROA(3y)3.9%
ROA(5y)4.41%
ROE(3y)34.95%
ROE(5y)43.75%
ROIC(3y)12.81%
ROIC(5y)13.33%
ROICexc(3y)16.11%
ROICexc(5y)25.39%
ROICexgc(3y)20.68%
ROICexgc(5y)35.73%
ROCE(3y)14.02%
ROCE(5y)14.59%
ROICexcg growth 3Y-43.85%
ROICexcg growth 5Y-16.36%
ROICexc growth 3Y-41.47%
ROICexc growth 5Y-16.63%
OM growth 3Y-9.55%
OM growth 5Y-7.56%
PM growth 3Y-34.95%
PM growth 5Y-25.57%
GM growth 3Y-0.28%
GM growth 5Y-2.14%
F-Score7
Asset Turnover1.64
Health
Industry RankSector Rank
Debt/Equity 4.15
Debt/FCF 10.95
Debt/EBITDA 3.96
Cap/Depr 125.3%
Cap/Sales 2.8%
Interest Coverage 3.47
Cash Conversion 83.73%
Profit Quality 372.64%
Current Ratio 0.86
Quick Ratio 0.43
Altman-Z 2.08
F-Score7
WACC8.84%
ROIC/WACC1.44
Cap/Depr(3y)363.94%
Cap/Depr(5y)300.55%
Cap/Sales(3y)6.64%
Cap/Sales(5y)5.9%
Profit Quality(3y)156.49%
Profit Quality(5y)153.84%
High Growth Momentum
Growth
EPS 1Y (TTM)-21.14%
EPS 3Y-20.41%
EPS 5Y-33.43%
EPS Q2Q%-11.76%
EPS Next Y1.06%
EPS Next 2Y20.92%
EPS Next 3Y27.27%
EPS Next 5Y26.98%
Revenue 1Y (TTM)12.56%
Revenue growth 3Y22.65%
Revenue growth 5Y23.64%
Sales Q2Q%9.18%
Revenue Next Year11.26%
Revenue Next 2Y10.07%
Revenue Next 3Y9.61%
Revenue Next 5Y10.96%
EBIT growth 1Y19.34%
EBIT growth 3Y10.93%
EBIT growth 5Y14.29%
EBIT Next Year65.73%
EBIT Next 3Y25.23%
EBIT Next 5Y22.86%
FCF growth 1Y2235.14%
FCF growth 3Y13.04%
FCF growth 5Y35.01%
OCF growth 1Y-13.22%
OCF growth 3Y19.46%
OCF growth 5Y31.01%