Aliansce Sonae Shopping Centers S.A. (ALSO3.SA)

Aliansce Sonae Shopping Centers S.A. (ALSO3.SA) — VMCI valuation read

Aliansce Sonae Shopping Centers S.A. (ALSO3.SA) carries a VMCI composite of 53/100, 3 points above the Real Estate sector median of 50. Among mid-cap names, that gap places ALSO3.SA in the top third on the five-pillar weighting (Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%).

The ALSO3.SA insider tape has been silent for the past 30 days on Form 4. Where executives neither buy nor sell, the bull and bear cases lean harder on filings cadence and the next earnings line.

**Investor frame.** Value reads ALSO3.SA trades at 24.0x earnings, 33% above the Real Estate median of 18.0x, which compresses or extends through the 11.0x EV/EBITDA versus a Real Estate 12.0x. Quality: ROIC of 18.0% sits 8.0pp above the Real Estate median (10.0%). Risk: net debt to EBITDA of 2.9x is the rate-sensitivity line to watch, the line to track on Aliansce Sonae Shopping Centers S.A.'s next 10-Q.

ALSO3.SA rose 1.0% over the trailing 7 days, with a -15.1% read on a 30-day basis.