Afya Limited (AFYA) vs Coursera, Inc. (COUR)

Afya Limited and Coursera, Inc. are both Education & Training Services companies. Afya Limited and Coursera, Inc. are of similar size ($1.3B and $1.3B). Coursera, Inc. has negative trailing earnings, so its P/E is not meaningful; Afya Limited trades at 7.9×. Coursera, Inc. grew revenue faster over the last twelve months: 22.7% against 17.4%. Afya Limited has the higher net margin (20.6% vs −15.4%) and the higher return on invested capital (12.5% vs −53.4%). Across the 20 metrics below, Afya Limited leads on 14 and Coursera, Inc. on 6.

Valuation

Metric AFYA COUR Education & Training Services median
P/E 7.88 n/m 11.19
P/S 1.59 1.33 0.92
P/B 1.18 1.01 1.63
Price to free cash flow 4.77 111.20 9.62
EV/EBITDA 4.43 n/m 7.02
EV/Sales 1.88 0.22 0.82
Earnings yield 12.69% (13.27%) 3.17%
Free cash flow yield 20.98% 0.90% 2.30%

Profitability

Metric AFYA COUR Education & Training Services median
Gross margin 64.09% 55.88% 54.64%
Operating margin 32.70% (17.83%) 0.00%
Net margin 20.58% (15.39%) 3.29%
Free cash flow margin 33.43% 1.20% 0.00%
Return on equity 16.63% (15.20%) 0.00%
Return on assets 8.58% (9.31%) 0.00%
Return on invested capital 12.54% (53.40%) 0.00%

Growth

Metric AFYA COUR Education & Training Services median
Revenue growth (TTM) 17.43% 22.68% 6.97%
EPS growth (last fiscal year) 15.50% 39.22% —
Revenue growth, 5-year CAGR 23.23% 20.88% 4.27%
Net income growth, 5-year CAGR 18.92% 0.00% 0.00%

Health

Metric AFYA COUR Education & Training Services median
Debt to equity 0.42 0.00 0.08
Current ratio 2.20 1.59 1.33
Net debt to EBITDA 0.59 16.31 (0.15)

Dividend

Metric AFYA COUR Education & Training Services median
Dividend yield 0.13% — 1.13%
Payout ratio 0.00 0.00 0.00

Size

Metric AFYA COUR Education & Training Services median
Market cap 1.26b 1.34b 68.93m

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