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Afya Limited

AFYA Consumer Defensive Education & Training Services

Afya Limited’s revenue for fiscal 2025 (year ended December 2025) was $662.2 million, up 8.09% from fiscal 2024.

Revenue
+18.6%
EPS
+29.4%
Free cash flow
+59.5%
Total debt
+3.71%

Quarter to June 2026, against a year earlier

10.15 0.35 −3.33%
Market cap
$928.2M
P/E
6.2×
Fwd P/E
6.6×
Dividend yield
6.47%
F-score
7/9
Altman Z
2.40
Beneish M
−2.70
Dividend safety
73/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 3.20
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 3 7 — 2 1 — — — —
Insider Ownership 90.60%

Capital & Financial Ratios $m

Size
Market Cap 928.24
Revenue ttm 724.76
Net income ttm 170.65
Free cash flow ttm 242.31
Net debt Q 206.09
Valuation
P/E 6.15
Forward P/E 6.58
Price / sales 1.24
Forward P/S Powerpack
Price / FCF 3.72
Price / book 0.92
Financial health
Current ratio Q 2.20 (at or above 1.5: strong)
Debt / equity Q 0.42 (at or below 0.5: strong)
Interest coverage Q 2.13
Growth
Revenue growth Q +18.55% (above 0%: growing)
Operating income growth Q +17.09% (above 0%: growing)
EPS, this year −5.91% (below 0%: weak)
EPS, next year A +8.21%
Revenue, next year A +12.26% (at or above 10%: strong)
EPS, past 5 yrs +19.56% (at or above 15%: strong)
EPS, next 5 yrs A +0.16%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.5×, against a ten-year median of 3.1×; over the ten years it ranged from 1.5× in 2026 to 10.6× in 2020.
P/E against its own 10 years 0.05%
10-year low 10-year high
P/S against its own 10 years 0.06%
10-year low 10-year high
P/B against its own 10 years 2.78%
10-year low 10-year high
EV/Sales against its own 10 years 0.06%
10-year low 10-year high
EV/FCF against its own 10 years 0.06%
10-year low 10-year high

Dividends

Yield
6.47%
Annual rate
0.66
Payout ratio
40.0%
Growth, 2025–26
+183.0%/yr
  1. 0.23 ’25
  2. 0.66 ’26 +183
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 111 169 202 199
Receivables 118 115 135 174
Inventory 0 — — —
Other 12 11 11 13
241 295 348 386
2023 2024 2025 Q'26
Payables 93 58 42 40
ST’ Debt 36 67 11 25
Other 31 32 30 22
212 211 158 175

Compound Annual Growth %

10y 5y 3y
Sales — 23.23% 13.65%
Cash Flow — 30.65% 18.83%
Earnings — 18.92% 23.03%
Book Value — 9.77% 11.64%

Earnings Trends EPS, adjusted, against the consensus

Jun 2026 Estimate 0.46 Actual 0.45

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2025 0.32 0.38 Beat by 0.06
Dec 2025 0.38 0.41 Beat by 0.03
Mar 2026 0.62 0.56 Miss by 0.06
Jun 2026 0.46 0.45 Miss by 0.01
Sep 2026 0.38 — Reports 11 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.54 0.44 — — —
’25 0.47 0.33 0.31 0.35 1.49
’24 0.45 0.33 0.24 0.28 1.29
’23 0.24 0.19 0.21 0.22 0.86
’22 0.27 0.23 0.16 0.14 0.80
’21 0.21 0.03 0.11 0.09 0.44
’20 0.25 0.12 0.15 0.10 0.61
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 192 192 — — —
’25 160 162 170 170 662
’24 162 155 152 143 613
’23 137 144 148 147 576
’22 108 122 111 110 451
’21 72 70 87 89 319
’20 62 51 58 63 233
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 89 69 — — —
’25 79 57 98 40 274
’24 84 43 79 59 266
’23 64 45 75 25 209
’22 53 34 50 27 163
’21 33 28 41 16 117
’20 23 12 22 15 72
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 80 54 — — —
’25 67 34 85 23 209
’24 61 36 43 38 178
’23 55 33 64 (6) 146
’22 43 21 37 5 106
’21 27 18 29 (9) 66
’20 18 9 17 2 45
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — 68 91 190 233 319 451 576 613 662 725 +33.0% 743 796 842 +8.4%
Gross margin, % — 42.56 49.68 58.85 63.81 62.06 63.09 61.41 63.21 64.46 64.09 +21.9 pt
EBT — 16 27 47 65 51 83 86 125 154 170 +32.8%
EBT margin, % — 23.60 29.56 24.90 27.89 15.90 18.40 14.94 20.47 23.29 23.43 (0.3) pt
Net income — 0 0 47 65 51 83 86 125 154 171 n/m
Per share, $
Per share, $ Revenue — 0.75 1.02 2.50 2.51 3.42 4.99 6.41 6.80 7.32 8.16 +32.9%
Earnings — 0.16 0.26 0.49 0.61 0.44 0.80 0.86 1.30 1.49 1.65 +32.2%
Cash flow — 0.14 0.24 1.00 0.78 1.25 1.81 2.33 2.95 3.03 3.33 +47.0%
Capex — 0.00 0.00 (0.41) (0.29) (0.55) (0.64) (0.71) (0.97) (0.72) (0.60) n/m
Free cash flow — 0.14 0.24 0.59 0.49 0.70 1.17 1.62 1.98 2.31 2.73 +42.1%
Book value — 0.16 1.45 7.05 5.93 5.96 6.97 8.12 8.87 9.68 10.98 +67.5%
Shares, m — 90 90 76 93 93 90 90 90 90 90 +0.1%
Valuation, ×
Valuation, × P/E — 14.54 14.54 14.20 40.71 35.70 20.24 24.76 12.03 10.41 6.15 20.8
P/S — 0.00 0.00 0.00 10.06 4.60 3.24 3.32 2.34 2.11 1.24 2.9
P/B — 0.22 0.22 4.56 4.27 2.64 2.32 2.62 1.79 1.59 0.92 2.2
EV/Sales — 0.00 0.00 0.00 9.71 4.96 3.58 3.75 2.72 2.36 1.53 3.0
EV/FCF — 0.00 0.00 0.00 49.84 24.11 15.25 14.86 9.37 7.46 4.57 13.4
Cash, $m
Cash, $m Operating cash flow — 13 22 76 72 117 163 209 266 274 296 +47.1%
Capex — (7) (6) (31) (27) (51) (58) (63) (87) (65) (54) +33.2%
Free cash flow — 13 22 45 45 66 106 146 178 209 242 +42.2%
Balance, $m
Balance, $m Working capital — 2 (13) 197 158 82 142 29 83 190 211 +76.6%
Net debt — (7) 4 (227) (83) 116 153 250 238 166 206 n/m
Shareholders’ equity — 14 130 536 550 556 630 730 799 876 975 +67.7%
Returns, %
Returns, % ROA — 10.61 0.00 10.57 6.79 3.90 5.59 5.31 7.42 8.14 8.58 (2.5) pt
ROIC — 0.00 0.00 10.55 9.44 7.60 10.27 9.80 11.31 13.03 12.54 +13.0 pt
ROE — 19.75 32.80 11.72 10.44 7.49 12.21 11.39 15.32 16.09 16.63 (3.7) pt
People
People Employees — — 2,705 3,444 5,260 8,079 8,708 9,680 9,717 9,395 — +19.5%
Revenue/emp, $m — 0.00 0.03 0.06 0.04 0.04 0.05 0.06 0.06 0.07 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Afya Limited vs peers in Education & Training Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PRDO Perdoceo Education Corporation $1.7B 9.2× 10.1× +1.88% (above 0%: growing) +14.52% (above 0%: growing) +97.05% (above 0%: growing) 0.00% 25.52% Compare
STRA Strategic Education Inc. $1.3B 200× 8.8× +1.60% (above 0%: growing) n/m +15.56% (above 0%: growing) 49.66% (26.94%) Compare
UTI Universal Technical Institute Inc $1.1B 31.3× 37.5× +7.15% (above 0%: growing) −80.00% (below 0%: shrinking) −408.92% (below 0%: shrinking) 45.94% 1.48% Compare
COUR Coursera, Inc. $991.5M — (loss-making) — (loss-making) +93.98% (above 0%: growing) n/m −45.99% (below 0%: shrinking) 58.43% (7.67%) Compare
AFYA Afya Limited $928.2M 6.2× 6.6× +18.55% (above 0%: growing) +29.41% (above 0%: growing) +59.54% (above 0%: growing) 61.59% 30.64%
PXED Phoenix Education Partners, Inc. $788.9M 9.2× 9.4× +1.28% (above 0%: growing) −29.07% (below 0%: shrinking) +151.03% (above 0%: growing) 100.00% 11.98% Compare
APEI American Public Education, Inc. $699.5M 15.1× 15.6× +5.51% (above 0%: growing) n/m −77.96% (below 0%: shrinking) 55.37% 7.88% Compare
DAO Youdao, Inc. Unsponsored ADR $657.2M 102× 83.9× +9.25% (above 0%: growing) n/m +147.18% (above 0%: growing) 48.87% 7.60% Compare
LINC Lincoln Educational Services Corporation $556.7M 24.0× 26.6× +22.40% (above 0%: growing) +20.00% (above 0%: growing) +129.40% (above 0%: growing) 58.17% 2.32% Compare
Median of peers $890.2M 24.0× 15.6× +6.33% −7.28% +56.31% 52.52% 4.96%

All 44 Education & Training Services stocks →

Afya Limited (AFYA) Latest News

27 Oct

Impact 4 · · Simply Wall St.

24 Oct

Impact 4 · · Simply Wall St.

23 Oct

Impact 4 · · MarketBeat

7 Oct

Impact 3 · · Zacks

1 Oct

Impact 4 ·
Impact 4 · · Business Wire
Impact 3 · · Business Wire

23 Sep

Impact 4 · · Business Wire

18 Sep

Impact 3 ·

24 Aug

Impact 4 ·

20 Aug

Impact 4 · · The Motley Fool transcript

14 Aug

Impact 3 ·
Impact 3 · · Moby transcript

13 Aug

Impact 3 · · MarketBeat transcript
Impact 3 ·

8 May

Impact 4 · · GuruFocus.com

7 May

Impact 4 · · Business Wire
Impact 3 · · MarketBeat

5 May

Impact 3 · · Business Wire

24 Mar

Impact 3 · · Simply Wall St.

20 Mar

Impact 4 · · Zacks

13 Mar

Impact 4 · · GuruFocus.com

12 Mar

Impact 4 · · Zacks
Impact 4 · · Associated Press Finance
Impact 4 · · Business Wire
Impact 4 · · MarketBeat
Impact 3 · · Business Wire

26 Feb

Impact 4 · · Insider Monkey

6 Feb

Impact 4 · · Business Wire

2 Feb

Impact 4 · · Simply Wall St.
stockrow.com/AFYA · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com