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ASAI

Sendas Distribuidora NYSE:ASAI Stock Report

Last Price

R$15.16

Market Cap

R$4.1b

7D

6.2%

1Y

-5.4%

Updated

16 May, 2022

Data

Company Financials +
ASAI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance2/6
Financial Health2/6
Dividends0/6

ASAI Stock Overview

Sendas Distribuidora S.A. engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil.

Sendas Distribuidora Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sendas Distribuidora
Historical stock prices
Current Share PriceR$15.16
52 Week HighR$18.55
52 Week LowR$9.73
Beta0
1 Month Change-12.92%
3 Month Change29.24%
1 Year Change-5.37%
3 Year Changen/a
5 Year Changen/a
Change since IPO16.62%

Recent News & Updates

Shareholder Returns

ASAIUS Consumer RetailingUS Market
7D6.2%-0.8%-2.5%
1Y-5.4%11.1%-10.4%

Return vs Industry: ASAI underperformed the US Consumer Retailing industry which returned 11.1% over the past year.

Return vs Market: ASAI exceeded the US Market which returned -10.4% over the past year.

Price Volatility

Is ASAI's price volatile compared to industry and market?
ASAI volatility
ASAI Average Weekly Movement6.6%
Consumer Retailing Industry Average Movement6.6%
Market Average Movement7.8%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: ASAI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ASAI's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197460,000Belmiro de Gomeshttps://www.assai.com.br

Sendas Distribuidora S.A. engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. As of March 31, 2022, the company operated 216 stores under the Assaí banner, as well as 13 distribution centers. It serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.

Sendas Distribuidora Fundamentals Summary

How do Sendas Distribuidora's earnings and revenue compare to its market cap?
ASAI fundamental statistics
Market CapR$20.85b
Earnings (TTM)R$1.58b
Revenue (TTM)R$43.89b

13.2x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASAI income statement (TTM)
RevenueR$43.89b
Cost of RevenueR$36.43b
Gross ProfitR$7.46b
Other ExpensesR$5.88b
EarningsR$1.58b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 27, 2022

Earnings per share (EPS)1.18
Gross Margin17.00%
Net Profit Margin3.61%
Debt/Equity Ratio374.6%

How did ASAI perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

11%

Payout Ratio

Valuation

Is Sendas Distribuidora undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


13.17x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: ASAI ($15.16) is trading above our estimate of fair value ($5.27)

Significantly Below Fair Value: ASAI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ASAI is good value based on its PE Ratio (13.2x) compared to the US Consumer Retailing industry average (19.2x).

PE vs Market: ASAI is good value based on its PE Ratio (13.2x) compared to the US market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: ASAI is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: ASAI is overvalued based on its PB Ratio (7x) compared to the US Consumer Retailing industry average (2.1x).


Future Growth

How is Sendas Distribuidora forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


22.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASAI's forecast earnings growth (22.7% per year) is above the savings rate (1.9%).

Earnings vs Market: ASAI's earnings (22.7% per year) are forecast to grow faster than the US market (12.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ASAI's revenue (16.9% per year) is forecast to grow faster than the US market (8% per year).

High Growth Revenue: ASAI's revenue (16.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ASAI's Return on Equity is forecast to be very high in 3 years time (40.8%).


Past Performance

How has Sendas Distribuidora performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


21.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ASAI has a high level of non-cash earnings.

Growing Profit Margin: ASAI's current net profit margins (3.6%) are lower than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: ASAI's earnings have grown significantly by 21.2% per year over the past 5 years.

Accelerating Growth: ASAI's earnings growth over the past year (2.6%) is below its 5-year average (21.2% per year).

Earnings vs Industry: ASAI earnings growth over the past year (2.6%) exceeded the Consumer Retailing industry 1.5%.


Return on Equity

High ROE: Whilst ASAI's Return on Equity (53.08%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is Sendas Distribuidora's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ASAI's short term assets (R$12.3B) exceed its short term liabilities (R$11.4B).

Long Term Liabilities: ASAI's short term assets (R$12.3B) do not cover its long term liabilities (R$18.1B).


Debt to Equity History and Analysis

Debt Level: ASAI's net debt to equity ratio (227.5%) is considered high.

Reducing Debt: ASAI's debt to equity ratio has increased from 14.2% to 374.6% over the past 5 years.

Debt Coverage: ASAI's debt is well covered by operating cash flow (38.9%).

Interest Coverage: ASAI's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


Dividend

What is Sendas Distribuidora current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.81%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ASAI's dividend (0.81%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.54%).

High Dividend: ASAI's dividend (0.81%) is low compared to the top 25% of dividend payers in the US market (4.05%).


Stability and Growth of Payments

Stable Dividend: ASAI is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: ASAI is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: ASAI is not paying a notable dividend for the US market.


Cash Payout to Shareholders

Cash Flow Coverage: ASAI is paying a dividend but the company has no free cash flows.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.0yrs

Average management tenure


CEO

Belmiro de Gomes (50 yo)

11.25yrs

Tenure

Mr. Belmiro de Figueiredo Gomes has been Chief Executive Officer at Sendas Distribuidora S.A. since February 2011 and serves as its Member of Executive Board. Previously, he served as commercial director...


Leadership Team

Experienced Management: ASAI's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: ASAI's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sendas Distribuidora S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Sendas Distribuidora S.A.
  • Ticker: ASAI
  • Exchange: NYSE
  • Founded: 1974
  • Industry: Hypermarkets and Super Centers
  • Sector: Consumer Retailing
  • Implied Market Cap: R$20.855b
  • Listing Market Cap: R$4.113b
  • Shares outstanding: 1.35b
  • Website: https://www.assai.com.br

Number of Employees


Location

  • Sendas Distribuidora S.A.
  • Avenida Ayrton Senna, No. 6,000
  • Lote 2
  • Rio De Janeiro
  • Rio de Janeiro
  • 22775-005
  • Brazil

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/05/16 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.