ASAIYOTCRetail-Grocery Stores
Sendas Distributor S.A.
Financials through fiscal 2024, year ended Dec 31, 2024Last filing: 20-F on Apr 1, 2025
$13.23+0.66 (+5.22%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2018 to 2024
Gross margin
16.6%−0.3 pts over 5 years
Operating margin
5.2%−0.9 pts over 5 years
Net margin
–
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.0% | +20.8% | +21.3% | – | |
| Gross profit | +12.9% | +19.6% | +20.9% | – | |
| Operating income | +17.0% | +14.2% | +17.7% | – | |
| EPS, diluted | +8.2% | -21.8% | -6.9% | – | |
| Free cash flow | +15.4% | +46.7% | +12.8% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on assets | – | – | – | |
| Current ratio | – | 0.88 | 1.01 | |
| Debt to equity | – | 0.29 | – | |
| Net debt to EBITDA | – | -1.35× | -0.71× | |
| Interest coverage | 8.2× | -3.9× | 1.2× | |
| Inventory turnover | – | – | 8.9× | |
| Capex to revenue | 3.9% | 4.8% | 2.2% | |
| Diluted shares | 0M | 0M | 1.35B |
Where the cash went
Fiscal 2020 to 2024, five years combined
Sendas Distributor generated 22.81B BRL from operations and spent 13.13B BRL on capital expenditure, dividends and share buybacks. 92% of that went back into the business.
Generated
22.81B BRL
Used
13.13B BRL
Capital expenditure12.08B BRL92%Dividends1.05B BRL8%Share buybacks0 BRL0%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.9%
×Asset turnover1.32×
×Equity multiplier6.48×
=Return on equity, FY202033.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2020 | 3.9% | 1.32× | 6.48× | 33.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
5of 6 tests passed in fiscal 2024. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero4.93B BRL
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income4.93B BRL vs –
- Less leverageLong-term debt to assets fell4.5% → 3.8%
- Better liquidityCurrent ratio rose0.89 → 1.01
- No dilutionShare count did not rise1.35B → 1.35B
- Gross margin improvedGross margin up on the prior year16.27% → 16.56%
- More efficientAsset turnover rose1.64 → 1.71