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Sendas Distribuidora SA
BOVESPA:ASAI3

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Sendas Distribuidora SA
BOVESPA:ASAI3
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Price: 8.85 BRL 1.26% Market Closed
Market Cap: R$12B

EV/GP

2.3
Current
13%
Cheaper
vs 3-y average of 2.7

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
2.3
=
Enterprise Value
R$31.3B
/
Gross Profit
R$13B

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
2.3
=
Enterprise Value
R$31.3B
/
Gross Profit
R$13B

Valuation Scenarios

Sendas Distribuidora SA is trading below its 3-year average

If EV/GP returns to its 3-Year Average (2.7), the stock would be worth R$10.17 (15% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-33%
Maximum Upside
+109%
Average Upside
27%
Scenario EV/GP Value Implied Price Upside/Downside
Current Multiple 2.3 R$8.85
0%
3-Year Average 2.7 R$10.17
+15%
5-Year Average 2.8 R$10.58
+20%
Industry Average 1.6 R$5.91
-33%
Country Average 4.9 R$18.46
+109%

Forward EV/GP
Today’s price vs future gross profit

Not enough data available to calculate forward EV/GP

Peer Comparison

All Multiples
EV/GP
P/E
All Countries
Close
Market Cap EV/GP P/E
BR
Sendas Distribuidora SA
BOVESPA:ASAI3
11.9B BRL 2.3 23.9
US
Walmart Inc
NASDAQ:WMT
1T USD 6.1 47.9
US
Costco Wholesale Corp
NASDAQ:COST
448.9B USD 11.8 52.5
MX
Wal Mart de Mexico SAB de CV
BMV:WALMEX
946B MXN 4.1 19.2
JP
Aeon Co Ltd
TSE:8267
4.3T JPY 1.4 59.1
AU
Coles Group Ltd
ASX:COL
30.8B AUD 3.3 30.3
FR
Carrefour SA
PAR:CA
12B EUR 1.4 37.6
US
BJ's Wholesale Club Holdings Inc
NYSE:BJ
12.1B USD 3.1 21
TH
Siam Makro PCL
SET:MAKRO
380.9B THB 6.6 49.5
US
PriceSmart Inc
NASDAQ:PSMT
4.9B USD 4.9 32
BR
Atacadao SA
BOVESPA:CRFB3
17.9B BRL 1.2 9.2

Market Distribution

Lower than 86% of companies in Brazil
Percentile
14th
Based on 434 companies
14th percentile
2.3
Low
0.3 — 3.1
Typical Range
3.1 — 6.9
High
6.9 —
Distribution Statistics
Brazil
Min 0.3
30th Percentile 3.1
Median 4.9
70th Percentile 6.9
Max 121

Sendas Distribuidora SA
Glance View

Sendas Distribuidora SA, commonly known as Assaí, is a formidable force in the Brazilian retail landscape, focusing its prowess on the cash and carry wholesale model. Originating from the robust retail ecosystem of Brazil, Assaí operates with a strategic emphasis on providing products in large volumes at competitive prices, catering primarily to small to medium-sized businesses, independent retailers, and end-consumers seeking cost-effective purchasing. This model is particularly effective in diverse markets like Brazil, where price sensitivity meets a dynamic demand landscape. As a part of the GPA (Grupo Pão de Açúcar) conglomerate before its spin-off, Assaí has leveraged its extensive logistical capabilities to optimize distribution and ensure an efficient supply chain, which helps reduce cost markups for its broad assortment of goods from groceries to general merchandise. The business’s revenue model thrives on high-volume, low-margin sales, an approach that keeps its shelves turning quickly while maintaining tight control over operational efficiencies. Customers flock to Assaí's expansive warehouse-style stores, drawn by both the allure of wholesale pricing and the reliability of a well-stocked inventory that spans essential commodities and specialty products. Operating on a leaner margin compared to traditional retailers, Assaí focuses heavily on economies of scale, which allows the company to negotiate favorable terms with suppliers and maintain competitive pricing strategies. This ability to generate swift inventory turnover not only underlines its profitability but also consolidates its position as a market leader within Brazil’s ever-evolving retail sector. Through this model, Assaí continues to adapt and thrive, responding agilely to economic shifts and consumer trends.

ASAI3 Intrinsic Value
12.43 BRL
Undervaluation 29%
Intrinsic Value
Price R$8.85
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