Sendas Distribuidora S.A.
AI Valuation
AI-generated fair value estimate for this company.
AI Fair Value
$9.00
Market Price
$10.03
Overvalued By
11.4%
Method: 10-year unlevered FCF DCF (USD): ~$174M normalized net income used as FCF proxy; 8% growth yrs1-5, 5% yrs6-10; 12% discount rate (Brazil equity/EM risk); 4% terminal growth; ~$300M estimated net debt; ~271M ADRs outstanding (implied by the $8.41 ADR price divided by $2.28B market cap).
Reasoning: Assai/Sendas Distribuidora is Brazil's largest cash-and-carry wholesale retailer, benefiting from store-conversion growth and format expansion; a higher discount rate versus developed-market peers reflects Brazilian country, currency, and rate risk on the USD-denominated ADR.