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. In the quarter to June 2026, revenue grew 18.6%, EPS grew 29.4%, free cash flow grew 59.5% and total debt rose 3.71%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for five.

14.53 0.01 +0.07%
Market cap
$1.3B
P/E
8.8×
Fwd P/E
7.7×
Dividend yield
4.52%
F-score
7/9
Altman Z
2.40
Beneish M
−2.70
Dividend safety
73/100
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17
Piotroski F-Score
7 7 6 8 4 — — — —
P/E ratio
10.41 12.03 24.76 20.24 35.70 40.71 14.20 14.54 14.54
P/S ratio
2.11 2.34 3.32 3.24 4.60 10.06 0.00 0.00 0.00
Altman Z-Score
2.40 2.16 2.49 2.05 2.09 4.53 6.97 — —
Altman Z″-Score (non-manufacturers)
3.68 2.85 2.37 2.61 2.14 3.42 5.13 — —
P/FCF ratio
6.67 8.03 13.14 13.81 22.34 51.67 0.00 0.00 0.00
P/Operating CF
35.11 24.42 75.01 54.42 93.31 160.80 160.52 2.14 2.14
Beneish M-Score
(2.70) (2.91) (2.59) (2.60) (2.60) (2.14) — — —
Dividend Safety Score
73 — — — — — — — —
P/B ratio
1.59 1.79 2.62 2.32 2.64 4.27 4.56 0.22 0.22
Price to Tangible BV
0.00 0.00 0.00 0.00 0.00 46.35 12.50 0.00 0.00
EV/Sales
2.36 2.72 3.75 3.58 4.96 9.71 0.00 0.00 0.00
EV/EBITDA
5.49 6.69 10.22 9.58 14.34 24.70 0.00 0.00 0.00
EV/Operating CF
5.69 6.28 10.34 9.88 13.53 31.38 0.00 0.00 0.00
EV/FCF
7.46 9.37 14.86 15.25 24.11 49.84 0.00 0.00 0.00
Quick Ratio
2.13 1.34 1.08 1.74 1.50 2.32 3.27 0.68 1.13
Current Ratio
2.20 1.39 1.14 1.81 1.57 2.38 3.34 0.72 1.13
Net Debt/EBITDA
0.59 0.95 1.18 0.91 1.05 (0.91) (3.22) 0.14 (0.44)
Debt/Assets
21.95% 24.86% 23.74% 26.15% 21.32% 12.88% 2.07% 0.00% 0.00%
Debt/Equity
0.42 0.51 0.49 0.58 0.46 0.22 0.03 0.15 0.07
Asset Turnover
0.40 0.39 0.40 0.35 0.30 0.28 0.52 0.00 0.50
Operating CF/Net income
2.04 2.27 2.70 2.26 2.82 1.27 1.94 0.93 0.88
Capex/Depreciation
(0.97) (1.41) (1.09) (1.44) (1.79) (1.27) (1.66) 0.00 0.00
Interest Coverage
2.16 2.21 1.68 1.90 1.81 3.70 2.84 21.20 16.79
ROE
16.09% 15.32% 11.39% 12.21% 7.49% 10.44% 11.72% 32.80% 19.75%
ROA
8.14% 7.42% 5.31% 5.59% 3.90% 6.79% 10.57% 0.00% 10.61%
ROIC
13.03% 11.31% 9.80% 10.27% 7.60% 9.44% 10.55% 0.00% 0.00%
Return on Tangible Assets
42.52% 56.99% 51.26% 29.32% 25.96% 27.13% 16.77% 590.45% 118.49%
Average Days of Receivables
74.42 68.67 74.90 75.32 85.75 98.25 64.15 63.94 53.95
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
30.11% 32.36% 35.28% 34.27% 36.21% 33.54% 31.86% 20.97% 21.00%
Intangible Assets out of Total Assets
0.60 0.63 0.63 0.56 0.61 0.54 0.45 0.00 0.00
Share Based Compensation of Revenue
0.41% 0.98% 1.10% 1.34% 2.52% 2.71% 2.41% 0.00% 0.00%
Graham Net Nets
(0.32) (0.38) (0.29) (0.31) (0.28) (0.05) 0.03 (2.68) (2.68)
Graham Number
17.96 16.23 12.54 11.20 7.68 9.11 0.00 0.00 0.00
Earnings Yield
9.60% 8.31% 4.04% 4.94% 2.80% 2.46% 7.04% 6.88% 6.88%
Free Cash Flow Yield
15.00% 12.45% 7.61% 7.24% 4.48% 1.94% 0.00% 0.00% 0.00%
Revenue per Share
7.32 6.80 6.41 4.99 3.42 2.51 2.50 1.02 0.75
Operating CF per Share
3.03 2.95 2.33 1.81 1.25 0.78 1.00 0.24 0.14
Capex per Share
(0.72) (0.97) (0.71) (0.64) (0.55) (0.29) (0.41) 0.00 0.00
Free Cash Flow per Share
2.31 1.98 1.62 1.17 0.70 0.49 0.59 0.24 0.14
Cash per Share
2.23 1.87 1.23 2.34 1.49 2.19 3.20 0.18 0.09
Shareholders Equity per Share
9.68 8.87 8.12 6.97 5.96 5.93 7.05 1.45 0.16
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
9.68 8.87 8.12 6.97 5.96 5.93 7.05 1.45 0.16
Free Cash Flow
209.11 178.19 145.55 105.93 65.61 45.38 44.98 21.97 12.50
Working Capital
189.51 83.35 29.03 141.78 81.60 158.33 197.28 (13.00) 2.00
Capital Expenditures
(65.19) (87.42) (63.48) (57.53) (51.29) (26.69) (30.84) (5.93) (6.60)
Net Current Asset Value
(452.15) (543.07) (548.41) (447.78) (415.17) (107.44) 79.32 (51.00) 1.00
EV/EBIT
7.18 8.90 14.07 12.56 19.36 32.09 0.00 0.00 0.00
Capex to Sales
0.10 0.14 0.11 0.13 0.16 0.11 0.16 0.00 0.00
Price to Operating Income
6.42 7.63 12.45 11.37 17.94 33.27 0.00 0.00 0.00
Other line items
Depreciation/Fixed assets
0.52 0.51 0.48 0.38 0.37 0.42 0.53 0.15 0.13
Cash ROIC
14.47% 12.96% 12.12% 8.78% 6.91% 5.20% 5.67% 13.23% 54.36%
Accounts Receivable Turnover
5.29 5.25 5.45 5.37 4.63 4.85 7.70 7.03 5.20
Accounts Payable Turnover
4.70 2.99 2.83 2.78 2.44 2.07 3.92 22.98 19.43
Inventory Turnover
0.00 0.00 168.53 73.14 66.26 68.75 157.09 0.00 0.00
Average Days of Payables
65.07 94.10 152.02 141.49 167.28 188.24 176.69 15.88 18.79
Days of Inventory on Hand
0.00 0.00 0.45 5.18 6.62 6.31 4.65 0.00 0.00
Average Receivables
125.13 116.73 105.66 83.97 68.79 48.08 24.71 13.00 13.00
Average Payables
50.03 75.34 78.56 59.97 49.44 40.69 19.94 2.00 2.00
Average Inventory
— — 1.32 2.28 1.82 1.23 0.50 0.00 0.00
Average Assets
1,656.50 1,578.08 1,456.86 1,294.63 1,062.28 833.94 369.01 0.00 134.00
Average Common Equity
837.60 764.44 679.63 592.73 552.83 542.69 332.81 72.00 72.00

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Columns are period end dates