Company Valuation: Sendas Distribuidora S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 17,451 26,268 18,290 7,613 9,787 13,665 - -
Change - 50.53% -30.37% -58.38% 28.55% 39.64% - -
Enterprise Value (EV) 1 22,902 26,268 37,199 28,196 30,710 34,955 33,657 33,034
Change - 14.7% 41.61% -24.2% 8.91% 13.82% -3.71% -1.85%
P/E 10.9x 21.6x 25.8x 9.92x 19.8x 10.1x 9.95x 8.59x
PBR 6.35x - 3.96x 1.45x 1.76x 2x 1.72x 1.47x
PEG - -0.9x -0.6x 1.21x -0.6x 0x 5.3x 0.5x
Capitalization / Revenue 0.42x 0.48x 0.28x 0.1x 0.13x 0.17x 0.16x 0.16x
EV / Revenue 0.55x 0.48x 0.56x 0.38x 0.4x 0.44x 0.4x 0.38x
EV / EBITDA 6.9x 6.71x 7.89x 5.23x 5.17x 4.89x 4.87x 4.77x
EV / EBIT 8.88x 9.22x 11.3x 7.34x 8.48x 6.37x 6.65x 6.66x
EV / FCF 22x - 13.9x 8.69x 6.78x 13.1x 13.7x 18.1x
FCF Yield 4.55% - 7.2% 11.5% 14.7% 7.64% 7.28% 5.54%
Dividend per Share 2 0.1251 - - - - 0.0897 0.2568 0.367
Rate of return 0.97% - - - - 0.88% 2.52% 3.59%
EPS 2 1.189 0.9016 0.5242 0.5673 0.3679 1.007 1.026 1.188
Distribution rate 10.5% - - - - 8.91% 25% 30.9%
Net sales 1 41,898 54,520 66,503 73,819 77,307 79,481 83,868 88,034
EBITDA 1 3,319 3,912 4,712 5,391 5,938 7,151 6,915 6,924
EBIT 1 2,579 2,850 3,285 3,844 3,623 5,491 5,064 4,962
Net income 1 1,610 1,220 710 769 497 1,392 1,436 1,589
Net Debt 1 5,451 - 18,909 20,583 20,923 21,289 19,991 19,368
Reference price 2 12.96 19.47 13.53 5.63 7.28 10.21 10.21 10.21
Nbr of stocks (in thousands) 13,46,499 13,49,165 13,51,833 13,52,216 13,44,303 13,38,440 - -
Announcement Date 21/02/22 16/02/23 21/02/24 19/02/25 11/02/26 - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.14x0.44x4.89x0.88% 264.99Cr
37.08x1.19x18.3x0.93% 85TCr
24.24x1.16x10.11x0.98% 5.16TCr
15.79x0.54x7.95x3.26% 4TCr
15.84x0.63x11.72x2.8% 3.89TCr
12.07x0.34x6.32x2.45% 3.62TCr
26.23x0.82x9.48x2.81% 3.33TCr
11.93x0.46x5.8x3.95% 3.21TCr
20.87x0.77x6.43x1.24% 2.71TCr
51.79x0.56x9.38x1.09% 2.39TCr
Average 22.60x 0.69x 9.04x 2.04% 11.33TCr
Weighted average by Cap. 33.04x 1.07x 15.84x 1.28%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. ASAI3 Stock
  4. Valuation Sendas Distribuidora S.A.
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