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1. Company Snapshot

1.a. Company Description

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.


The company sells its products through brick-and-mortar stores, as well as through telesales.Sendas Distribuidora S.A. was founded in 1974 and is headquartered in Rio de Janeiro, Brazil.

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1.b. Last Insights on ASAI

Sendas Distribuidora S.A.'s recent negative drivers include the company's intention to voluntarily delist its American Depositary Shares from the NYSE, which may lead to reduced liquidity and trading volumes. This decision, approved by the Board of Directors on December 19, 2024, may also result in deregistration with the SEC, potentially increasing administrative costs. This move may negatively impact investor sentiment and confidence in the company's management.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Sendas Distribuidora Q4: Despite Positive Performance, Caution Is Essential

Mar -19

Source: seekingalpha.com

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SENDAS ANNOUNCES INTENTION TO VOLUNTARILY DELIST ITS AMERICAN DEPOSITARY SHARES FROM NYSE

Dec -19

Source: prnewswire.com

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Sendas Distribuidora S.A. (ASAI) Q3 2024 Earnings Call Transcript

Nov -08

Source: seekingalpha.com

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Sendas Distribuidora Q2: High Leverage Overshadows Profitability

Sep -07

Source: seekingalpha.com

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Sendas Distribuidora S.A. (ASAI) Q2 2024 Earnings Call Transcript

Aug -10

Source: seekingalpha.com

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ASAI or VZIO: Which Is the Better Value Stock Right Now?

Jul -16

Source: zacks.com

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Sendas Distribuidora SA (ASAI) Q4 2023 Earnings Call Transcript

Feb -23

Source: seekingalpha.com

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ASAI vs. VZIO: Which Stock Is the Better Value Option?

Feb -14

Source: Zacks Investment Research

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (9.93%)

6. Segments

Food, Bazaar, and Other

Expected Growth: 10%

Food: increasing demand for convenience and online grocery shopping. Bazaar: expansion of cash-and-carry format, targeting small businesses and individuals. Other: growth in pharmaceutical and health products distribution, driven by an aging population and increased healthcare spending.

Taxes

Expected Growth: 9%

Sendas Distribuidora S.A.'s 9% tax growth is driven by increasing sales volume, expansion into new markets, and improved operational efficiency. Additionally, favorable tax reforms and a growing e-commerce platform have contributed to the growth. The company's ability to adapt to changing market conditions and optimize its logistics network has also played a key role in driving tax growth.

Services and Others

Expected Growth: 12%

Sendas Distribuidora S.A.'s 12% growth in Services and Others is driven by increasing demand for logistics and transportation services, expansion into new markets, and strategic partnerships. Additionally, the company's focus on digitalization and process optimization has improved operational efficiency, leading to higher revenue and profitability.

Returns and Sales Cancellation

Expected Growth: 8%

Sendas Distribuidora S.A.'s 8% growth is driven by increasing demand for consumer goods, effective supply chain management, and strategic partnerships. Additionally, the company's focus on e-commerce and digital transformation has led to improved customer experience, resulting in higher sales and reduced cancellations.

7. Detailed Products

Food and Beverages

Sendas Distribuidora S.A. offers a wide range of food and beverages products, including snacks, confectionery, and soft drinks, catering to various consumer preferences and needs.

Personal Care and Hygiene

The company distributes a diverse portfolio of personal care and hygiene products, including soaps, shampoos, toothpaste, and cosmetics, from renowned brands.

Health and Wellness

Sendas Distribuidora S.A. provides a selection of health and wellness products, including vitamins, supplements, and medical equipment, catering to the needs of healthcare professionals and individuals.

Home and Cleaning

The company offers a variety of home and cleaning products, including cleaning supplies, paper products, and household essentials, from trusted brands.

Pet Food and Accessories

Sendas Distribuidora S.A. distributes a range of pet food and accessories, including pet food, toys, and grooming products, catering to the needs of pet owners.

8. Sendas Distribuidora S.A.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Sendas Distribuidora S.A. is medium, as there are some alternatives available in the market, but they are not very attractive to customers.

Bargaining Power Of Customers

The bargaining power of customers is high, as they have many options available in the market and can easily switch to competitors.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low, as Sendas Distribuidora S.A. is a large company and has many suppliers to choose from.

Threat Of New Entrants

The threat of new entrants is medium, as there are some barriers to entry, but it is still possible for new companies to enter the market.

Intensity Of Rivalry

The intensity of rivalry is high, as there are many competitors in the market and they are all competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 77.24%
Debt Cost 6.93%
Equity Weight 22.76%
Equity Cost 6.93%
WACC 6.93%
Leverage 339.44%

11. Quality Control: Sendas Distribuidora S.A. passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Sainsbury

A-Score: 6.8/10

Value: 7.4

Growth: 7.6

Quality: 2.5

Yield: 7.5

Momentum: 7.0

Volatility: 9.0

1-Year Total Return ->

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Stock-Card
Metro

A-Score: 6.2/10

Value: 4.7

Growth: 6.6

Quality: 5.1

Yield: 3.0

Momentum: 8.0

Volatility: 10.0

1-Year Total Return ->

View Full Report
Stock-Card
Dino Polska

A-Score: 5.2/10

Value: 2.1

Growth: 9.2

Quality: 5.9

Yield: 0.0

Momentum: 8.0

Volatility: 6.0

1-Year Total Return ->

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Stock-Card
Greggs

A-Score: 5.0/10

Value: 7.1

Growth: 6.6

Quality: 5.7

Yield: 6.2

Momentum: 0.5

Volatility: 4.0

1-Year Total Return ->

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Stock-Card
Sprouts Farmers Market

A-Score: 4.5/10

Value: 4.8

Growth: 8.1

Quality: 5.5

Yield: 0.0

Momentum: 4.0

Volatility: 4.7

1-Year Total Return ->

View Full Report
Stock-Card
Sendas

A-Score: 3.8/10

Value: 6.5

Growth: 3.9

Quality: 2.7

Yield: 1.0

Momentum: 2.5

Volatility: 6.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

4.67$

Current Price

4.67$

Potential

-0.00%

Expected Cash-Flows