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Sendas Distribuidora
(OTC:ASAIY)
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Rating:68Neutral
Price Target:―
Action:N/A
Date:01/02/25
Sendas Distribuidora's strong financial performance and positive earnings call outlook are key strengths, offset by technical indicators suggesting bearish momentum and high leverage. Valuation is fair, but the lack of dividend yield could deter some investors. The company's ability to manage debt and sustain growth amid macroeconomic challenges will be crucial for future performance.
Positive Factors
Revenue Growth
The significant revenue growth indicates strong market demand and effective business strategies, reinforcing the company's competitive position in the wholesale sector.
Negative Factors
High Leverage
High leverage can pose risks to financial health, limiting the company's ability to invest in growth and increasing vulnerability to interest rate fluctuations.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The significant revenue growth indicates strong market demand and effective business strategies, reinforcing the company's competitive position in the wholesale sector.
Read all positive factors
Sendas Distribuidora (ASAIY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.44B
Dividend Yield0.74%
Average Volume (3M)5.55K
Price to Earnings (P/E)13.8
Beta (1Y)0.26
Revenue Growth10.12%
EPS Growth16.82%
CountryUS
Employees90,000
SectorConsumer Defensive
Sector Strength42
IndustryGrocery Stores
Share Statistics
EPS (TTM)3.73
Shares Outstanding270,878,700
10 Day Avg. Volume2,279
30 Day Avg. Volume5,547
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)1.79
Price to Sales (P/S)0.13
P/FCF Ratio4.24
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$9.00Price Target Upside11.25% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)1.07
Revenue Forecast (FY)$15.64B
Sendas Distribuidora Business Overview & Revenue Model
Company Description
Sendas Distribuidora S.A. engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. The company offers grocery, food, perishable, beverage, wrapping, and hygiene products; and parking, air-conditioned, ...
How the Company Makes Money
Sendas Distribuidora (ASAI) generates revenue primarily through its cash and carry wholesale stores, known as Assaí Atacadista. The company makes money by purchasing goods in large quantities directly from manufacturers and suppliers, allowing it ...
Sendas Distribuidora Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call presents a constructive operational and financial picture: management delivered strong cash generation, meaningful deleveraging, a sizable cash buffer (BRL 7.0bn), and robust net income growth (recurring +92.7%), while advancing multiple growth initiatives (private label, pharma, digital partnerships, EV/fuel integration) and ESG progress. Offsetting these positives are persistent macro headwinds — pressured consumption, trade-down behavior among lower-income customers, modest EBITDA margin (~5.6%), dependency on tax-credit timing for reported results, and some execution/regulatory risks for financial and digital projects. On balance the company emphasized resilience, liquidity and strategic initiatives to capture additional share of wallet, suggesting a fundamentally positive tone despite near-term market weakness.Positive Updates
Strong cash position and deleveraging
Gross cash availability of BRL 7.0 billion (cash + receivables), up 20.9% YoY; financial leverage reduced by 0.8x to ~2.7x EBITDA and management guidance that leverage should continue to decline. Cash covers approximately two years of debt maturities.
Negative Updates
Pressured consumption and trade-down behavior
Macroeconomic environment remains challenging with high interest rates and elevated household debt; management reported continued trade-down behavior (estimated ~2% trade-down) and pressure on average ticket and volumes among lower-income segments.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong cash position and deleveraging
Gross cash availability of BRL 7.0 billion (cash + receivables), up 20.9% YoY; financial leverage reduced by 0.8x to ~2.7x EBITDA and management guidance that leverage should continue to decline. Cash covers approximately two years of debt maturities.
Read all positive updates
Company Guidance
The company guided that it will prioritize deleveraging and cash generation while pursuing low‑CapEx growth initiatives: Q2 recurring net income was BRL 344m (accounting net income BRL 537m including tax credits), EBITDA held around 5.6%, operational cash generation was BRL 3.3bn with CapEx (post sale‑leaseback) of BRL 600m and free cash flow of BRL 2.7bn leading to a final cash generation of BRL 1.4bn; gross cash/available liquidity totaled ~BRL 7bn (up 20.9% YoY), covering roughly two years of debt maturities, and financial leverage has fallen to ~2.7x (down ~0.8x YoY) with further declines expected through year‑end. Management expects continued resilience in traffic (≈40m monthly visitors; July same‑store +0.5%), limited volume downside with trade‑down at ~2%, and margin support from private label (≈30 SKUs today, target to scale in 2027), Welby supplements (in 93 of 300 stores, target 300 by end‑2026), digital expansion (104 iFood stores, 16m app users), Assai Pay in ~30% of stores (55% new customers in pilot) and Assai Pharma upside (pilot economics: CapEx <BRL 400k/unit, ~250‑store long‑term potential, ~BRL 100m total investment), while expecting tax‑substitution/ICMS credits to be largely realized over an ~18‑month cycle.Sendas Distribuidora Financial Statement Overview
Summary
Income Statement
Balance Sheet
Cash Flow
| Breakdown | TTM | Dec 2025 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 77.88B | 75.79B | 66.50B | 54.52B | 41.90B | 36.04B |
| Gross Profit | 13.63B | 11.17B | 9.43B | 8.96B | 7.14B | 5.91B |
| EBITDA | 6.94B | 5.76B | 4.65B | 3.73B | 3.37B | 3.71B |
| Net Income | 965.14M | 487.24M | 710.00M | 1.22B | 1.61B | 1.40B |
Balance Sheet | ||||||
| Total Assets | 46.63B | 51.58B | 43.18B | 40.62B | 22.85B | 18.82B |
| Cash, Cash Equivalents and Short-Term Investments | 4.48B | 5.85B | 5.51B | 5.84B | 2.55B | 3.53B |
| Total Debt | 26.99B | 26.76B | 24.37B | 20.95B | 12.08B | 10.61B |
| Total Liabilities | 40.28B | 46.03B | 38.55B | 36.72B | 20.09B | 17.47B |
| Stockholders Equity | 6.35B | 5.55B | 4.63B | 3.90B | 2.77B | 1.35B |
Cash Flow | ||||||
| Free Cash Flow | 3.97B | 2.34B | 2.68B | 984.00M | 187.00M | 1.85B |
| Operating Cash Flow | 4.81B | 3.39B | 5.96B | 5.14B | 3.27B | 3.50B |
| Investing Cash Flow | -669.45M | -905.85M | -3.06B | -3.79B | -3.28B | -4.79B |
| Financing Cash Flow | -4.16B | -2.26B | -3.29B | 1.94B | -978.00M | -793.00M |
Sendas Distribuidora Technical Analysis
Positive
8.09
Price Trends
8.26
Positive
8.46
Positive
8.25
Positive
Market Momentum
0.29
Negative
70.51
Negative
98.81
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASAIY, the sentiment is Positive. The current price of 8.09 is below the 20-day moving average (MA) of 8.30, below the 50-day MA of 8.26, and below the 200-day MA of 8.25, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 70.51 is Negative, neither overbought nor oversold. The STOCH value of 98.81 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ASAIY.
Sendas Distribuidora Risk Analysis
Sendas Distribuidora disclosed 61 risk factors in its most recent earnings report. Sendas Distribuidora reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
We do not have a controlling shareholder or control group, which may leave us susceptible to shareholders' alliances, conflicts among shareholders and other events arising from the absence of a controlling shareholder or control group. Q4, 2023
2.
We are subject to the risk of ratings reassessments. Q4, 2023
3.
Disruptions in our information technology systems, or the inability to update them, can adversely impact our operations and inventory control. Q4, 2023
Sendas Distribuidora Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $4.46B | 46.12 | 15.09% | ― | 11.16% | 30.78% | |
68 Neutral | $2.44B | 13.76 | 16.42% | 0.74% | 10.12% | 16.82% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | $1.73B | 18.25 | 7.15% | 1.91% | 4.50% | -3.08% | |
53 Neutral | $1.32B | 23.50 | 4.13% | 12.19% | 2.46% | -75.05% | |
53 Neutral | $1.12B | -2.86 | -40.07% | ― | 5.12% | -4889.01% | |
50 Neutral | $2.70B | 31.87 | 5.32% | ― | -1.99% | ― |
* Consumer Defensive Sector Average
ASAIY
Sendas Distribuidora
9.69
0.60
6.59%
FLO
Flowers Foods
6.11
-7.24
-54.24%
CHEF
The Chefs' Warehouse
109.77
43.78
66.34%
UNFI
United Natural Foods
44.11
14.47
48.82%
WMK
Weis Markets
71.18
1.21
1.72%
GO
Grocery Outlet Holding
11.08
-6.73
-37.79%
Sendas Distribuidora Corporate Events
Sendas Distribuidora Board Backs Governance Revisions and Real Estate Sale‑Leaseback Deal
Dec 19, 2025
At a board meeting held on December 10, 2025, Sendas Distribuidora S.A.’s directors approved updates to several key governance and compliance documents, including revisions to the company’s Conflicts of Interest Policy, Anticorruption ...
Assaí Faces Legal Setback in Tax Liability Dispute with GPA
Dec 15, 2025
On December 12, 2025, a judge in São Paulo denied Assaí’s request for urgent relief in a precautionary judicial measure concerning tax liabilities attributed to it from GPA, despite ongoing arbitration proceedings. Assaí maint...
Sendas Distribuidora Announces Sale of Interest in Financeira Itaú CBD to Itaú Unibanco
Dec 8, 2025
On December 8, 2025, Sendas Distribuidora S.A. announced the execution of definitive agreements with Itaú Unibanco Holding S.A. for the sale of its indirect interest in Financeira Itaú CBD S.A. The transaction, which will occur in two ph...
Sendas Distribuidora Announces Significant Share Acquisition by Investors
Nov 28, 2025
On November 24, 2025, Sendas Distribuidora S.A. announced that Snapper Rocks Strategy Fundo de Investimento em Ações and WHG Apache Fundo de Investimento em Ações have acquired a significant shareholding interest in the company...
Sendas Distribuidora Files November 2025 SEC Report
Nov 19, 2025
Sendas Distribuidora S.A., a company based in Rio de Janeiro, Brazil, has submitted a report as a foreign private issuer to the United States Securities and Exchange Commission for November 2025. This filing is part of their regulatory compliance ...
Sendas Distribuidora Approves Financials and Capital Increase
Nov 7, 2025
On November 6, 2025, Sendas Distribuidora’s Board of Directors convened to approve several key resolutions, including the quarterly financial statements for the period ending September 30, 2025. The board also authorized a capital increase t...
Sendas Distribuidora Announces Capital Increase Following Stock Option Exercise
Nov 7, 2025
On November 6, 2025, Sendas Distribuidora S.A. announced a capital increase due to the exercise of stock options granted to certain employees under its stock option plans. The capital increase amounts to R$ 607.51, raising the company’s capi...
Sendas Distribuidora Reports Revenue Growth Amid Economic Challenges in 3Q25
Nov 7, 2025
In the third quarter of 2025, Sendas Distribuidora faced a challenging economic environment characterized by high interest rates and increased household debt, impacting consumer purchasing power. Despite these challenges, the company reported a 2....
Sendas Distribuidora Releases Q3 2025 Financial Results
Nov 6, 2025
Sendas Distribuidora S.A. released its interim financial information for the period ending September 30, 2025, showing a slight decrease in total assets from the previous year, with current assets and liabilities also experiencing a reduction. The...
Sendas Distribuidora Reports Debt Reduction and Cash Flow Growth in 3Q25
Oct 23, 2025
Sendas Distribuidora S.A. announced a significant reduction in net debt by R$0.5 billion in the third quarter of 2025 compared to the same period in 2024, with further decreases from the previous quarter. This reduction reflects the company’...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.