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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. 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
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 3.20
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — 3 7 — 2 1 — — —
Insider Ownership 90.60%

Capital & Financial Ratios $m

Market Cap 1,330.00
Revenue 724.76
Net Income 170.65
Free Cash Flow 242.31
Net Debt 206.09
Current Ratio 2.20 (at or above 1.5: strong)
Debt/Equity 0.42 (at or below 0.5: strong)
P/E ratio 8.81
Fwd P/E 7.71
P/S ratio 1.78
P/B ratio 1.32
Past 5Y EPS Growth 19.56% (at or above 15%: strong)
This Y EPS Growth (5.42%) (below 0%: weak)
Next Y EPS Growth 11.56%
Next Y revenue growth 19.76% (at or above 10%: strong)
Next 5Y EPS Growth 4.27%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.1×, against a ten-year median of 3.2×; over the ten years it ranged from 1.8× in 2026 to 10.6× in 2020.
P/E against its own 10 years 4.56%
10-year low 10-year high
P/S against its own 10 years 3.95%
10-year low 10-year high
P/B against its own 10 years 6.26%
10-year low 10-year high
EV/Sales against its own 10 years 5.83%
10-year low 10-year high
EV/FCF against its own 10 years 3.77%
10-year low 10-year high

Dividends

Payout Ratio 0.40
Annual Dividend Rate 0.66
Annual Dividend Yield 4.52%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.66
0.66
2025 0.27
0.23
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
predictions special payouts not included in total or ratios

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%

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

2.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — 21.30 13.98 12.62 8.73 9.66 14.52 13.47

Analyst estimates 2026–2028

Powerpack
High — — — 34.87 30.98 28.23 17.02 22.41 22.48 19.90
People
People Employees — — 2,705 3,444 5,260 8,079 8,708 9,680 9,717 9,395
Revenue/emp, $m — 0.00 0.03 0.06 0.04 0.04 0.05 0.06 0.06 0.07
Income, $m
Income, $m Revenue — 68 91 190 233 319 451 576 613 662
Gross margin, % — 42.56 49.68 58.85 63.81 62.06 63.09 61.41 63.21 64.46
EBT — 16 27 47 65 51 83 86 125 154
EBT margin, % — 23.60 29.56 24.90 27.89 15.90 18.40 14.94 20.47 23.29
Net income — 0 0 47 65 51 83 86 125 154
Depreciation — 1 2 19 21 29 40 58 62 67
Per share, $
Per share, $ Revenue — 0.75 1.02 2.50 2.51 3.42 4.99 6.41 6.80 7.32
Earnings — 0.16 0.26 0.49 0.61 0.44 0.80 0.86 1.30 1.49
Cash flow — 0.14 0.24 1.00 0.78 1.25 1.81 2.33 2.95 3.03
Capex — 0.00 0.00 (0.41) (0.29) (0.55) (0.64) (0.71) (0.97) (0.72)
Free cash flow — 0.14 0.24 0.59 0.49 0.70 1.17 1.62 1.98 2.31
Book value — 0.16 1.45 7.05 5.93 5.96 6.97 8.12 8.87 9.68
Shares, m — 90 90 76 93 93 90 90 90 90
Valuation, ×
Valuation, × P/E — 14.54 14.54 14.20 40.71 35.70 20.24 24.76 12.03 10.41
P/S — 0.00 0.00 0.00 10.06 4.60 3.24 3.32 2.34 2.11
P/B — 0.22 0.22 4.56 4.27 2.64 2.32 2.62 1.79 1.59
EV/Sales — 0.00 0.00 0.00 9.71 4.96 3.58 3.75 2.72 2.36
EV/FCF — 0.00 0.00 0.00 49.84 24.11 15.25 14.86 9.37 7.46
Cash, $m
Cash, $m Operating cash flow — 13 22 76 72 117 163 209 266 274
Capex — (7) (6) (31) (27) (51) (58) (63) (87) (65)
Free cash flow — 13 22 45 45 66 106 146 178 209
Balance, $m
Balance, $m Working capital — 2 (13) 197 158 82 142 29 83 190
Total debt — 1 20 15 120 255 365 361 407 368
Net debt — (7) 4 (227) (83) 116 153 250 238 166
Shareholders’ equity — 14 130 536 550 556 630 730 799 876
Returns, %
Returns, % ROA — 10.61 0.00 10.57 6.79 3.90 5.59 5.31 7.42 8.14
ROIC — 0.00 0.00 10.55 9.44 7.60 10.27 9.80 11.31 13.03
ROE — 19.75 32.80 11.72 10.44 7.49 12.21 11.39 15.32 16.09
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
MH McGraw Hill, Inc. $2.7B 27.7× 15.6× +2.65% (above 0%: growing) +9,900.00% (above 0%: growing) +57.50% (above 0%: growing) 79.87% 20.78% Compare
PRDO Perdoceo Education Corporation $2.1B 12.0× 11.7× +1.80% (above 0%: growing) +22.22% (above 0%: growing) −3.87% (below 0%: shrinking) 76.15% 25.72% Compare
STRA Strategic Education Inc. $1.8B 13.2× 10.2× +4.91% (above 0%: growing) +23.40% (above 0%: growing) −26.16% (below 0%: shrinking) 47.26% 14.97% Compare
COUR Coursera, Inc. $1.4B — (loss-making) — (loss-making) +59.59% (above 0%: growing) n/m −190.46% (below 0%: shrinking) 58.07% (28.37%) Compare
AFYA Afya Limited $1.3B 8.8× 7.7× +18.55% (above 0%: growing) +29.41% (above 0%: growing) +59.54% (above 0%: growing) 61.59% 30.64%
UTI Universal Technical Institute Inc $1.1B 32.8× 56.3× +7.15% (above 0%: growing) −80.00% (below 0%: shrinking) −408.92% (below 0%: shrinking) 45.94% 1.48% Compare
APEI American Public Education, Inc. $899.2M 19.6× 20.9× +5.51% (above 0%: growing) n/m −77.96% (below 0%: shrinking) 55.37% 7.88% Compare
PXED Phoenix Education Partners, Inc. $864.4M 10.2× 10.5× +0.04% (above 0%: growing) −29.07% (below 0%: shrinking) +31.81% (above 0%: growing) 100.00% 19.07% Compare
LINC Lincoln Educational Services Corporation $715.6M 30.4× 61.4× +22.40% (above 0%: growing) +20.00% (above 0%: growing) +129.40% (above 0%: growing) 58.17% 2.32% Compare
Median of peers $1.2B 19.6× 15.6× +5.21% +21.11% −15.01% 58.12% 11.42%

All 46 Education & Training Services stocks →

Afya Limited (AFYA) key facts

  • Strength: Afya Limited’s revenue for fiscal 2025 (year ended December 2025) was $662.2 million, up 8.09% from fiscal 2024.
  • Afya Limited (AFYA) is an Education & Training Services company in the Consumer Defensive sector, listed on Nasdaq.
  • As of October 16, 2026, AFYA traded at $14.53, a market capitalization of $1.3 billion.
  • Afya Limited pays an annual dividend of $0.66 per share, a yield of 4.52%, with a payout ratio of 40.0%.
  • Return on equity was 16.1% and debt-to-equity 0.42.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 2.40 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Afya Limited (AFYA) Latest News

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