SENDAS DISTRIBUIDORA SA (ASAI)
US81689T1043 - ADR
ASAI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 40 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 showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
In the past year ASAI was profitable.
In the past year ASAI had a positive cash flow from operations.
ASAI had positive earnings in each of the past 5 years.
In the past 5 years ASAI always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of ASAI (1.64%) is comparable to the rest of the industry.
ASAI has a Return On Equity of 15.33%. This is in the better half of the industry: ASAI outperforms 70.00% of its industry peers.
ASAI's Return On Invested Capital of 10.88% is amongst the best of the industry. ASAI outperforms 85.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ASAI is above the industry average of 10.24%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.64% | ||
| ROE | 15.33% | ||
| ROIC | 10.88% |
ROA(3y)3.9%
ROA(5y)4.41%
ROE(3y)34.95%
ROE(5y)43.75%
ROIC(3y)12.81%
ROIC(5y)13.33%
1.3 Margins
With a Profit Margin value of 1.07%, ASAI perfoms like the industry average, outperforming 52.50% of the companies in the same industry.
ASAI's Profit Margin has declined in the last couple of years.
ASAI's Operating Margin of 4.79% is amongst the best of the industry. ASAI outperforms 90.00% of its industry peers.
ASAI's Operating Margin has declined in the last couple of years.
The Gross Margin of ASAI (16.27%) is worse than 75.00% of its industry peers.
In the last couple of years the Gross Margin of ASAI has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.79% | ||
| PM (TTM) | 1.07% | ||
| GM | 16.27% |
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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ASAI is creating some value.
ASAI has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, ASAI has more shares outstanding
Compared to 1 year ago, ASAI has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.13 indicates that ASAI is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of ASAI (2.13) is worse than 70.00% of its industry peers.
ASAI has a debt to FCF ratio of 9.10. This is a negative value and a sign of low solvency as ASAI would need 9.10 years to pay back of all of its debts.
With a Debt to FCF ratio value of 9.10, ASAI perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
ASAI has a Debt/Equity ratio of 4.69. This is a high value indicating a heavy dependency on external financing.
ASAI has a Debt to Equity ratio of 4.69. This is amonst the worse of the industry: ASAI underperforms 90.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.69 | ||
| Debt/FCF | 9.1 | ||
| Altman-Z | 2.13 |
ROIC/WACC1.23
WACC8.84%
2.3 Liquidity
A Current Ratio of 0.89 indicates that ASAI may have some problems paying its short term obligations.
The Current ratio of ASAI (0.89) is worse than 75.00% of its industry peers.
A Quick Ratio of 0.48 indicates that ASAI may have some problems paying its short term obligations.
ASAI's Quick ratio of 0.48 is on the low side compared to the rest of the industry. ASAI is outperformed by 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.89 | ||
| Quick Ratio | 0.48 |
3. Growth
3.1 Past
The earnings per share for ASAI have decreased strongly by -42.67% in the last year.
ASAI shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -33.43% yearly.
The Revenue has grown by 21.98% in the past year. This is a very strong growth!
Measured over the past years, ASAI shows a very strong growth in Revenue. The Revenue has been growing by 23.64% on average per year.
EPS 1Y (TTM)-42.67%
EPS 3Y-20.41%
EPS 5Y-33.43%
EPS growth Q2Q-26.67%
Revenue 1Y (TTM)21.98%
Revenue growth 3Y22.65%
Revenue growth 5Y23.64%
Revenue growth Q2Q15.46%
3.2 Future
Based on estimates for the next years, ASAI will show a very strong growth in Earnings Per Share. The EPS will grow by 31.05% on average per year.
The Revenue is expected to grow by 11.23% on average over the next years. This is quite good.
EPS Next Y58.09%
EPS Next 2Y50.96%
EPS Next 3Y39.73%
EPS Next 5Y31.05%
Revenue Next Year14.74%
Revenue Next 2Y12.74%
Revenue Next 3Y12.26%
Revenue Next 5Y11.23%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 26.20, the valuation of ASAI can be described as expensive.
The rest of the industry has a similar Price/Earnings ratio as ASAI.
ASAI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.28, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 16.57, which indicates a correct valuation of ASAI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ASAI indicates a somewhat cheap valuation: ASAI is cheaper than 75.00% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of ASAI to the average of the S&P500 Index (20.88), we can say ASAI is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.2 | ||
| Fwd PE | 16.57 |
4.2 Price Multiples
65.00% of the companies in the same industry are more expensive than ASAI, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, ASAI is valued cheaper than 97.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.89 | ||
| EV/EBITDA | 8.02 |
4.3 Compensation for Growth
ASAI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ASAI's earnings are expected to grow with 39.73% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.45
PEG (5Y)N/A
EPS Next 2Y50.96%
EPS Next 3Y39.73%
5. Dividend
5.1 Amount
ASAI has a yearly dividend return of 0.66%, which is pretty low.
ASAI's Dividend Yield is comparable with the industry average which is at 2.53.
Compared to an average S&P500 Dividend Yield of 2.41, ASAI's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.66% |
5.2 History
ASAI has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
16.62% of the earnings are spent on dividend by ASAI. This is a low number and sustainable payout ratio.
DP16.62%
EPS Next 2Y50.96%
EPS Next 3Y39.73%
SENDAS DISTRIBUIDORA SA
NYSE:ASAI (5/3/2024, 6:38:42 PM)
After market: 13.36 0 (0%)13.36
+0.4 (+3.09%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.61B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.66% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.2 | ||
| Fwd PE | 16.57 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.45
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.64% | ||
| ROE | 15.33% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 4.79% | ||
| PM (TTM) | 1.07% | ||
| GM | 16.27% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.69 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.89 | ||
| Quick Ratio | 0.48 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-42.67%
EPS 3Y-20.41%
EPS 5Y
EPS growth Q2Q
EPS Next Y58.09%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)21.98%
Revenue growth 3Y22.65%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y