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Saraiva Livreiros Editores

BOVESPA:SLED3
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SLED3
BOVESPA
R$26M
Market Cap
  1. Home
  2. BR
  3. Retail
Company description

Saraiva S.A. Livreiros Editores creates and distributes content, technology, and services in Brazil. The last earnings update was 7 days ago. More info.


Add to Portfolio Compare Print
  • Saraiva Livreiros Editores has significant price volatility in the past 3 months.
SLED3 Share Price and Events
7 Day Returns
-9.8%
BOVESPA:SLED3
-16.8%
BR Specialty Retail
-5.6%
BR Market
1 Year Returns
-41.3%
BOVESPA:SLED3
-43%
BR Specialty Retail
-24.6%
BR Market
SLED3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Saraiva Livreiros Editores (SLED3) -9.8% -51.7% -72.9% -41.3% -82.5% -87.7%
BR Specialty Retail -16.8% -47.2% -53.2% -43% -21.9% -27.1%
BR Market -5.6% -27% -37.7% -24.6% 3.3% 13.9%
1 Year Return vs Industry and Market
  • SLED3 outperformed the Specialty Retail industry which returned -43% over the past year.
  • SLED3 underperformed the Market in Brazil which returned -24.6% over the past year.
Price Volatility
SLED3
Industry
5yr Volatility vs Market
Related Companies

SLED3 Value

 Is Saraiva Livreiros Editores undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Saraiva Livreiros Editores to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Saraiva Livreiros Editores.

BOVESPA:SLED3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 25.5%
Perpetual Growth Rate 10-Year BR Government Bond Rate 7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BOVESPA:SLED3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year BR Govt Bond Rate 7%
Equity Risk Premium S&P Global 9.3%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.736 (1 + (1- 34%) (1762.77%))
6.563
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.96% + (2 * 9.25%)
25.46%

Discounted Cash Flow Calculation for BOVESPA:SLED3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Saraiva Livreiros Editores is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BOVESPA:SLED3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (BRL, Millions) Source Present Value
Discounted (@ 25.46%)
2020 68.34 Est @ 5.9% 54.47
2021 72.59 Est @ 6.22% 46.11
2022 77.26 Est @ 6.44% 39.12
2023 82.36 Est @ 6.6% 33.24
2024 87.88 Est @ 6.71% 28.27
2025 93.84 Est @ 6.78% 24.06
2026 100.25 Est @ 6.84% 20.49
2027 107.14 Est @ 6.87% 17.46
2028 114.53 Est @ 6.9% 14.87
2029 122.46 Est @ 6.92% 12.67
Present value of next 10 years cash flows R$290.00
BOVESPA:SLED3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= R$122.46 × (1 + 6.96%) ÷ (25.46% – 6.96%)
R$708.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= R$708.00 ÷ (1 + 25.46%)10
R$73.28
BOVESPA:SLED3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= R$290.00 + R$73.28
R$363.28
Equity Value per Share
(BRL)
= Total value / Shares Outstanding
= R$363.28 / 29.93
R$12.14
BOVESPA:SLED3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BOVESPA:SLED3 represents 1.44157x of BOVESPA:SLED4
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.44157x
Value per Share
(Listing Adjusted, BRL)
= Value per Share (BRL) x Listing Adjustment Factor
= R$ 12.14 x 1.44157
R$17.50
Value per share (BRL) From above. R$17.50
Current discount Discount to share price of R$1.11
= -1 x (R$1.11 - R$17.50) / R$17.50
93.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Saraiva Livreiros Editores is available for.
Intrinsic value
>50%
Share price is R$1.11 vs Future cash flow value of R$17.5
Current Discount Checks
For Saraiva Livreiros Editores to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Saraiva Livreiros Editores's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Saraiva Livreiros Editores's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Saraiva Livreiros Editores's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Saraiva Livreiros Editores's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BOVESPA:SLED3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in BRL R$-9.73
BOVESPA:SLED4 Share Price ** BOVESPA (2020-04-03) in BRL R$0.77
South America Specialty Retail Industry PE Ratio Median Figure of 6 Publicly-Listed Specialty Retail Companies 8.44x
Brazil Market PE Ratio Median Figure of 232 Publicly-Listed Companies 11.22x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Saraiva Livreiros Editores.

BOVESPA:SLED3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BOVESPA:SLED4 Share Price ÷ EPS (both in BRL)

= 0.77 ÷ -9.73

-0.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Saraiva Livreiros Editores is loss making, we can't compare its value to the South America Specialty Retail industry average.
  • Saraiva Livreiros Editores is loss making, we can't compare the value of its earnings to the Brazil market.
Price based on expected Growth
Does Saraiva Livreiros Editores's expected growth come at a high price?
Raw Data
BOVESPA:SLED3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Global Specialty Retail Industry PEG Ratio Median Figure of 214 Publicly-Listed Specialty Retail Companies 0.74x
Brazil Market PEG Ratio Median Figure of 118 Publicly-Listed Companies 0.88x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Saraiva Livreiros Editores, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Saraiva Livreiros Editores's assets?
Raw Data
BOVESPA:SLED3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in BRL R$0.70
BOVESPA:SLED4 Share Price * BOVESPA (2020-04-03) in BRL R$0.77
Brazil Specialty Retail Industry PB Ratio Median Figure of 5 Publicly-Listed Specialty Retail Companies 1.84x
Brazil Market PB Ratio Median Figure of 279 Publicly-Listed Companies 1.09x
BOVESPA:SLED3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BOVESPA:SLED4 Share Price ÷ Book Value per Share (both in BRL)

= 0.77 ÷ 0.70

1.11x

* Primary Listing of Saraiva Livreiros Editores.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Saraiva Livreiros Editores is good value based on assets compared to the BR Specialty Retail industry average.
X
Value checks
We assess Saraiva Livreiros Editores's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. Saraiva Livreiros Editores has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SLED3 Future Performance

 How is Saraiva Livreiros Editores expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Saraiva Livreiros Editores has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.7%
Expected Specialty Retail industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Saraiva Livreiros Editores expected to grow at an attractive rate?
  • Unable to compare Saraiva Livreiros Editores's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Saraiva Livreiros Editores's earnings growth to the Brazil market average as no estimate data is available.
  • Unable to compare Saraiva Livreiros Editores's revenue growth to the Brazil market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BOVESPA:SLED3 Future Growth Rates Data Sources
Data Point Source Value (per year)
Global Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 7.7%
Global Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
Brazil Market Earnings Growth Rate Market Cap Weighted Average 17.3%
Brazil Market Revenue Growth Rate Market Cap Weighted Average 8.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BOVESPA:SLED3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in BRL Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BOVESPA:SLED3 Past Financials Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income *
2019-12-31 670 -260
2019-09-30 713 92 -321
2019-06-30 871 231 -398
2019-03-31 1,080 269 -364
2018-12-31 1,445 277 -299
2018-09-30 1,722 260 -102
2018-06-30 1,786 57 -69
2018-03-31 1,792 74 -48
2017-12-31 1,725 37 -49
2017-09-30 1,735 61 -68
2017-06-30 1,736 128 -51
2017-03-31 1,736 171 -52

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Saraiva Livreiros Editores is high growth as no earnings estimate data is available.
  • Unable to determine if Saraiva Livreiros Editores is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BOVESPA:SLED3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Saraiva Livreiros Editores Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BOVESPA:SLED3 Past Financials Data
Date (Data in BRL Millions) EPS *
2019-12-31 -9.73
2019-09-30 -12.02
2019-06-30 -14.90
2019-03-31 -13.63
2018-12-31 -11.21
2018-09-30 -3.82
2018-06-30 -2.59
2018-03-31 -1.79
2017-12-31 -1.85
2017-09-30 -2.53
2017-06-30 -1.90
2017-03-31 -1.96

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Saraiva Livreiros Editores will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Saraiva Livreiros Editores is trading at Saraiva Livreiros Editores'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Saraiva Livreiros Editores's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Retail companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Saraiva Livreiros Editores's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Saraiva Livreiros Editores has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SLED3 Past Performance

  How has Saraiva Livreiros Editores performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Saraiva Livreiros Editores's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Saraiva Livreiros Editores does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Saraiva Livreiros Editores's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Saraiva Livreiros Editores's 1-year growth to the South America Specialty Retail industry average as it is not currently profitable.
Earnings and Revenue History
Saraiva Livreiros Editores's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Saraiva Livreiros Editores Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BOVESPA:SLED3 Past Revenue, Cash Flow and Net Income Data
Date (Data in BRL Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 669.66 -259.77 383.07
2019-09-30 713.35 -320.74 390.26
2019-06-30 871.08 -397.50 422.80
2019-03-31 1,079.81 -363.74 477.07
2018-12-31 1,445.42 -299.07 547.23
2018-09-30 1,722.17 -101.89 563.85
2018-06-30 1,786.06 -69.10 579.05
2018-03-31 1,791.82 -47.74 574.36
2017-12-31 1,724.89 -49.35 570.70
2017-09-30 1,735.15 -67.60 594.45
2017-06-30 1,735.59 -50.79 584.27
2017-03-31 1,736.30 -52.23 588.38
2016-12-31 1,737.56 -51.49 596.87
2016-09-30 1,749.50 -149.82 607.58
2016-06-30 1,760.56 -163.92 622.13
2016-03-31 1,779.48 -151.95 614.49
2015-12-31 1,772.82 -145.18 618.10
2015-09-30 1,789.28 -29.55 596.95
2015-06-30 1,806.24 -28.56 602.71
2015-03-31 1,804.03 -31.72 603.10
2014-12-31 1,821.45 -2.29 578.08
2014-09-30 2,042.19 11.83 663.00
2014-06-30 2,064.68 18.44 682.62
2014-03-31 2,046.39 -13.08 726.24
2013-12-31 2,143.75 13.02 774.87
2013-09-30 2,023.30 46.80 724.18
2013-06-30 2,016.80 75.15 696.37

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Saraiva Livreiros Editores has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Saraiva Livreiros Editores has efficiently used its assets last year compared to the South America Specialty Retail industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Saraiva Livreiros Editores improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Saraiva Livreiros Editores's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Saraiva Livreiros Editores has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SLED3 Health

 How is Saraiva Livreiros Editores's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Saraiva Livreiros Editores's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Saraiva Livreiros Editores is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Saraiva Livreiros Editores's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Saraiva Livreiros Editores's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Saraiva Livreiros Editores Company Filings, last reported 3 months ago.

BOVESPA:SLED3 Past Debt and Equity Data
Date (Data in BRL Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 18.58 463.85 16.97
2019-09-30 18.58 149.57 16.97
2019-06-30 -14.60 154.57 21.81
2019-03-31 57.09 153.69 39.06
2018-12-31 120.92 156.79 95.42
2018-09-30 319.71 159.17 15.80
2018-06-30 385.32 300.15 49.20
2018-03-31 423.24 299.91 30.53
2017-12-31 422.06 298.45 68.94
2017-09-30 442.26 301.34 25.44
2017-06-30 474.95 277.46 66.59
2017-03-31 491.69 271.65 17.75
2016-12-31 491.86 323.19 125.29
2016-09-30 518.95 365.44 78.33
2016-06-30 527.26 500.27 124.59
2016-03-31 547.31 593.77 115.72
2015-12-31 524.55 651.95 126.50
2015-09-30 375.31 577.14 166.23
2015-06-30 418.24 595.75 166.65
2015-03-31 497.73 832.95 140.37
2014-12-31 472.52 787.32 275.02
2014-09-30 458.62 721.49 156.93
2014-06-30 488.96 416.56 12.14
2014-03-31 571.85 431.65 29.97
2013-12-31 515.74 443.17 23.09
2013-09-30 509.52 421.77 13.34
2013-06-30 531.74 321.27 16.40
  • Saraiva Livreiros Editores's level of debt (805%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (169.1% vs 805% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Saraiva Livreiros Editores has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Saraiva Livreiros Editores has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -39.3% per year.
X
Financial health checks
We assess Saraiva Livreiros Editores's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Saraiva Livreiros Editores has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SLED3 Dividends

 What is Saraiva Livreiros Editores's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Saraiva Livreiros Editores dividends.
If you bought R$2,000 of Saraiva Livreiros Editores shares you are expected to receive R$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Saraiva Livreiros Editores's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Saraiva Livreiros Editores's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BOVESPA:SLED3 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
South America Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 6.8%
Brazil Market Average Dividend Yield Market Cap Weighted Average of 167 Stocks 5.4%
Brazil Minimum Threshold Dividend Yield 10th Percentile 1%
Brazil Bottom 25% Dividend Yield 25th Percentile 2.3%
Brazil Top 25% Dividend Yield 75th Percentile 6.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BOVESPA:SLED3 Past Annualized Dividends Data
Date (Data in R$) Dividend per share (annual) Avg. Yield (%)
2018-05-29 0.218 10.905
2018-03-14 0.218 4.628
2017-03-29 0.180 3.950
2017-03-28 0.180 3.729
2016-03-30 0.834 21.593
2015-03-19 0.887 21.489
2014-03-20 0.883 8.994
2013-03-21 0.919 3.480
2012-03-22 0.878 3.751
2011-03-24 0.786 2.984
2010-03-18 0.734 1.937

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Saraiva Livreiros Editores has not reported any payouts.
  • Unable to verify if Saraiva Livreiros Editores's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Saraiva Livreiros Editores's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Saraiva Livreiros Editores has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Saraiva Livreiros Editores's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Saraiva Livreiros Editores afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Saraiva Livreiros Editores has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SLED3 Management

 What is the CEO of Saraiva Livreiros Editores's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jorge Neto
AGE 34
CEO Bio

Mr. Jorge Saraiva Neto serves as the President and Investor Relations Officer of Saraiva S.A. Livreiros Editores. Mr. Neto serves as the President and Director of Saraiva e Siciliano S.A. He serves as the Chief Executive Officer of Saraiva S.A. Livreiros Editores and has been its Director since April 2006.

CEO Compensation
  • Insufficient data for Jorge to compare compensation growth.
  • Insufficient data for Jorge to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Jorge Neto

TITLE
CEO, President
AGE
34

Luis Bilenky

TITLE
Chief Executive Officer
TENURE
0.3 yrs

Henrique Cugnasca

TITLE
Financial Director
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Saraiva Livreiros Editores board of directors in years:

1.3
Average Tenure
78
Average Age
  • The average tenure for the Saraiva Livreiros Editores board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jorge Saraiva

TITLE
Chairman of the Board
AGE
78
TENURE
41.5 yrs

Jorge Neto

TITLE
CEO, President
AGE
34
TENURE
14 yrs

Olga Maria Saraiva

TITLE
Vice President of the Board

Augusto da Cruz Filho

TITLE
Independent Vice Chairman
TENURE
0.3 yrs

Joao Juenemann

TITLE
President of Fiscal Council
AGE
79

Carlos Antonio Cammas

TITLE
Vice President of Fiscal Council

Maria Cecilia Saraiva Gonçalves

TITLE
Director

Julio Cardoso

TITLE
Independent Director

Olavo Rodrigues Júnior

TITLE
Independent Director
TENURE
1.3 yrs

Antônio Salvador dos Santos

TITLE
Independent Board Member
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (R$) Value (R$)
X
Management checks
We assess Saraiva Livreiros Editores's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Saraiva Livreiros Editores has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SLED3 News

Simply Wall St News

SLED3 Company Info

Description

Saraiva S.A. Livreiros Editores creates and distributes content, technology, and services in Brazil. The company is involved in the retail of books, newspapers, movies, music, stationery, multimedia products, computers, electronic products, and digital content, as well as e-readers. It operates a network of 103 stores. The company also sells its products through its e-commerce site, saraiva.com.br. Saraiva S.A. Livreiros Editores was founded in 1914 and is based in São Paulo, Brazil. São Paulo.

Details
Name: Saraiva S.A. Livreiros Editores
SLED3
Exchange: BOVESPA
Founded: 1914
R$26,313,754
29,931,826
Website: http://www.saraivari.com.br
Address: Saraiva S.A. Livreiros Editores
Rua Henrique Schaumann, 270,
São Paulo,
São Paulo, Brazil
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BOVESPA SLED4 Preferred Stock Bolsa de Valores de Sao Paulo BR BRL 30. Aug 2000
BOVESPA SLED3 Common Shares Bolsa de Valores de Sao Paulo BR BRL 13. May 1996
Number of employees
Current staff
Staff numbers
2,785
Saraiva Livreiros Editores employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 18:21
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/03/30
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.