Afya Limited (AFYA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Afya Limited (AFYA) stock price & volume — 10-year historical chart
Afya Limited (AFYA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Afya Limited (AFYA) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 12, 2026 | $0.41vs $0.38+7.9% | $166Mvs $168M-0.8% |
| Q4 2025 | Nov 12, 2025 | $0.38vs $0.32+18.8% | $174Mvs $175M-0.3% |
| Q3 2025 | Aug 13, 2025 | $0.40vs $0.40+0.0% | $169Mvs $173M-2.2% |
| Q2 2025 | May 8, 2025 | $0.55vs $0.46+19.6% | $160Mvs $165M-3.1% |
Afya Limited (AFYA) competitors in Degree-Granting Colleges and Universities — business model, growth, and fundamentals comparison
Afya Limited (AFYA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Afya Limited (AFYA) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 216.01M | 333.94M | 750.63M | 1.2B | 1.72B | 2.33B | 2.88B | 3.3B | 3.63B |
| Revenue Growth % | - | 54.59% | 124.78% | 60.02% | 43.14% | 35.46% | 23.48% | 14.9% | 14.07% |
| Cost of Goods Sold | 124.06M | 168.05M | 308.85M | 434.65M | 652.3M | 859.55M | 1.11B | 1.22B | 1.27B |
| COGS % of Revenue | 57.44% | 50.32% | 41.15% | 36.19% | 37.94% | 36.91% | 38.59% | 36.79% | - |
| Gross Profit | 91.94M▲ 0% | 165.88M▲ 80.4% | 441.78M▲ 166.3% | 766.54M▲ 73.5% | 1.07B▲ 39.2% | 1.47B▲ 37.7% | 1.77B▲ 20.2% | 2.09B▲ 18.3% | 2.36B▲ 0% |
| Gross Margin % | 42.56% | 49.68% | 58.85% | 63.81% | 62.06% | 63.09% | 61.41% | 63.21% | 64.98% |
| Gross Profit Growth % | - | 80.42% | 166.32% | 73.51% | 39.21% | 37.71% | 20.18% | 18.27% | - |
| Operating Expenses | 42.6M | 69.44M | 236.53M | 403.2M | 626.18M | 805.58M | 999.04M | 1.08B | 1.17B |
| OpEx % of Revenue | 19.72% | 20.79% | 31.51% | 33.57% | 36.42% | 34.59% | 34.74% | 32.58% | - |
| Selling, General & Admin | 45.35M | 70.03M | 239.12M | 402.86M | 622.62M | 798.15M | 1.01B | 1.07B | 1.15B |
| SG&A % of Revenue | 21% | 20.97% | 31.86% | 33.54% | 36.21% | 34.27% | 35.28% | 32.31% | - |
| Research & Development | 0 | 0 | 0 | 32K | 0 | 9.44M | 21.5M | 20.09M | 4.26M |
| R&D % of Revenue | - | - | - | 0% | - | 0.41% | 0.75% | 0.61% | - |
| Other Operating Expenses | -2.75M | -599K | -2.59M | 347K | 3.56M | 0 | -37.15M | -11M | -1.31M |
| Operating Income | 49.34M▲ 0% | 96.45M▲ 95.5% | 205.25M▲ 112.8% | 363.33M▲ 77.0% | 440.89M▲ 21.3% | 664.1M▲ 50.6% | 767.06M▲ 15.5% | 1.01B▲ 31.9% | 1.19B▲ 0% |
| Operating Margin % | 22.84% | 28.88% | 27.34% | 30.25% | 25.64% | 28.51% | 26.67% | 30.63% | 32.84% |
| Operating Income Growth % | - | 95.46% | 112.81% | 77.02% | 21.35% | 50.63% | 15.5% | 31.95% | - |
| EBITDA | 53.52M | 106.07M | 278.4M | 472.84M | 595.12M | 876.04M | 1.06B | 1.22B | 1.52B |
| EBITDA Margin % | 24.78% | 31.76% | 37.09% | 39.36% | 34.61% | 37.61% | 36.74% | 36.81% | 41.94% |
| EBITDA Growth % | - | 98.18% | 162.47% | 69.84% | 25.86% | 47.21% | 20.61% | 15.11% | 21.8% |
| D&A (Non-Cash Add-back) | 4.18M | 9.62M | 73.15M | 109.5M | 154.22M | 211.94M | 289.51M | 204.12M | 330.61M |
| EBIT | 49.34M | 96.45M | 242.41M | 363.33M | 449.11M | 717.09M | 815.88M | 1.01B | 1.28B |
| Net Interest Income | -381K | -573K | -51.38M | -9.22M | -152.61M | -261.45M | -279.17M | -322.94M | -339.64M |
| Interest Income | 3.17M | 4.36M | 9.04M | 7.05M | 23.04M | 27.2M | 107.12M | 43.42M | 141.31M |
| Interest Expense | 1.04M | 2.4M | 15.94M | 16.27M | 175.65M | 288.65M | 386.3M | 366.35M | 480.88M |
| Other Income/Expense | 1.64M | 2.27M | -18.31M | -28.28M | -167.43M | -235.67M | -337.48M | -335.72M | -381.41M |
| Pretax Income | 50.98M▲ 0% | 98.72M▲ 93.7% | 186.94M▲ 89.4% | 335.05M▲ 79.2% | 273.46M▼ 18.4% | 428.43M▲ 56.7% | 429.58M▲ 0.3% | 676.39M▲ 57.5% | 811.83M▲ 0% |
| Pretax Margin % | 23.6% | 29.56% | 24.9% | 27.89% | 15.9% | 18.4% | 14.94% | 20.47% | 22.34% |
| Income Tax | 2.5M | 3.99M | 14.18M | 27.07M | 31.18M | 35.68M | 24.17M | 27.47M | 64.55M |
| Effective Tax Rate % | 4.9% | 4.04% | 7.58% | 8.08% | 11.4% | 8.33% | 5.63% | 4.06% | 7.95% |
| Net Income | 45.39M▲ 0% | 86.35M▲ 90.2% | 153.92M▲ 78.2% | 292.07M▲ 89.8% | 223.33M▼ 23.5% | 373.57M▲ 67.3% | 386.32M▲ 3.4% | 631.51M▲ 63.5% | 729.42M▲ 0% |
| Net Margin % | 21.01% | 25.86% | 20.5% | 24.32% | 12.99% | 16.04% | 13.43% | 19.11% | 20.08% |
| Net Income Growth % | - | 90.23% | 78.24% | 89.76% | -23.54% | 67.28% | 3.41% | 63.47% | 25.84% |
| Net Income (Continuing) | 48.48M | 94.73M | 172.76M | 307.99M | 242.28M | 392.76M | 405.42M | 648.92M | 747.28M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 651K | 88.37M | 48.63M | 51.56M | 51.87M | 51.32M | 41.51M | 40.63M | 40.52M |
| EPS (Diluted) | 0.52▲ 0% | 0.98▲ 88.5% | 2.02▲ 106.1% | 3.12▲ 54.5% | 2.37▼ 24.0% | 4.15▲ 75.1% | 4.27▲ 2.9% | 6.93▲ 62.3% | 7.99▲ 0% |
| EPS Growth % | - | 88.46% | 106.12% | 54.46% | -24.04% | 75.11% | 2.89% | 62.3% | 25.63% |
| EPS (Basic) | 0.52 | 0.98 | 2.03 | 3.15 | 2.39 | 4.15 | 4.27 | 7.01 | - |
| Diluted Shares Outstanding | 87.68M | 87.68M | 76.19M | 93.64M | 94.1M | 89.94M | 90.54M | 91.15M | 91.32M |
| Basic Shares Outstanding | 87.68M | 87.68M | 75.97M | 92.68M | 93.29M | 89.94M | 90.47M | 90.12M | 90.76M |
| Dividend Payout Ratio | - | - | 24.69% | - | - | - | - | - | - |
Afya Limited (AFYA) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 60.48M | 133.5M | 1.11B | 1.41B | 1.21B | 1.64B | 1.2B | 1.59B | 1.76B |
| Cash & Short-Term Investments | 25.49M | 62.26M | 943.21M | 1.05B | 748.56M | 1.09B | 553.03M | 911.01M | 996.83M |
| Cash Only | 25.49M | 62.26M | 943.21M | 1.05B | 748.56M | 1.09B | 553.03M | 911.01M | 996.83M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 31.13M | 58.45M | 125.44M | 302.32M | 403.93M | 480.64M | 546.44M | 621.62M | 716.92M |
| Days Sales Outstanding | 52.6 | 63.88 | 61 | 91.86 | 85.75 | 75.32 | 69.35 | 68.67 | 68.53 |
| Inventory | 448K | 1.11M | 3.93M | 7.51M | 11.83M | 12.19M | 1.38M | 0 | 0 |
| Days Inventory Outstanding | 1.32 | 2.42 | 4.65 | 6.31 | 6.62 | 5.18 | 0.45 | - | - |
| Other Current Assets | 3.41M | 11.12M | 164.62M | 50.63M | 42.53M | 51.74M | 102.66M | 57.15M | 48.52M |
| Total Non-Current Assets | 43.15M | 784.92M | 1.8B | 3.39B | 5.24B | 5.56B | 6.38B | 7.24B | 7.42B |
| Property, Plant & Equipment | 32.48M | 65.76M | 413.6M | 679.46M | 1.08B | 1.23B | 1.38B | 1.5B | 1.6B |
| Fixed Asset Turnover | 6.65x | 5.08x | 1.81x | 1.77x | 1.59x | 1.89x | 2.09x | 2.20x | 2.36x |
| Goodwill | 0 | 169.53M | 459.41M | 810.66M | 1.18B | 1.26B | 1.33B | 1.53B | 1.53B |
| Intangible Assets | 4.73M | 512.93M | 852.93M | 1.76B | 2.72B | 2.78B | 3.46B | 4.01B | 4.05B |
| Long-Term Investments | 3.26M | 26.31M | 45.63M | 51.41M | 48.48M | 53.91M | 51.83M | 54.44M | 217.39M |
| Other Non-Current Assets | 5.94M | 36.69M | 19.32M | 76.09M | 207.75M | 234.32M | 156.83M | 151.82M | 608.5M |
| Total Assets | 103.63M▲ 0% | 918.42M▲ 786.3% | 2.91B▲ 217.1% | 4.79B▲ 64.6% | 6.45B▲ 34.5% | 7.2B▲ 11.7% | 7.58B▲ 5.3% | 8.83B▲ 16.4% | 9.19B▲ 0% |
| Asset Turnover | 2.08x | 0.36x | 0.26x | 0.25x | 0.27x | 0.32x | 0.38x | 0.37x | 0.40x |
| Asset Growth % | - | 786.29% | 217.12% | 64.57% | 34.51% | 11.67% | 5.35% | 16.42% | 57.99% |
| Total Current Liabilities | 51.94M | 182.33M | 333.23M | 589.38M | 766.51M | 905.69M | 1.06B | 1.14B | 1.8B |
| Accounts Payable | 6.74M | 8.1M | 149.51M | 224.16M | 298.95M | 333.19M | 108.22M | 128.08M | 249.13M |
| Days Payables Outstanding | 19.83 | 17.6 | 176.69 | 188.24 | 167.28 | 141.49 | 35.59 | 38.46 | 74.02 |
| Short-Term Debt | 1.16M | 26.8M | 53.61M | 117.67M | 143.2M | 207.38M | 179.25M | 363.55M | 916.83M |
| Deferred Revenue (Current) | 8.25M | 13.74M | 36.86M | 63.84M | 114.58M | 133.05M | 0 | 0 | 417.16M |
| Other Current Liabilities | 24.14M | 108.99M | 47.9M | 84.19M | 146.46M | 157.24M | 514.14M | 361.45M | 293.69M |
| Current Ratio | 1.16x | 0.73x | 3.34x | 2.38x | 1.57x | 1.81x | 1.14x | 1.39x | 1.39x |
| Quick Ratio | 1.16x | 0.73x | 3.32x | 2.37x | 1.56x | 1.79x | 1.14x | 1.39x | 1.39x |
| Cash Conversion Cycle | 34.09 | 48.7 | -111.05 | -90.07 | -74.91 | -60.99 | 34.21 | - | -5.49 |
| Total Non-Current Liabilities | 4.92M | 145.73M | 465.5M | 1.37B | 2.68B | 3.04B | 2.88B | 3.38B | 2.6B |
| Long-Term Debt | 2.66M | 51.03M | 6.75M | 576M | 1.3B | 1.74B | 1.62B | 1.83B | 996.84M |
| Capital Lease Obligations | 0 | 0 | 261.82M | 385.73M | 689.13M | 737.07M | 837.67M | 932.76M | 3.84B |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2.26M | 94.7M | 196.93M | 408.21M | 687.35M | 568.93M | 423.71M | 614.4M | 2.41B |
| Total Liabilities | 56.86M | 328.06M | 798.73M | 1.96B | 3.45B | 3.95B | 3.94B | 4.52B | 4.4B |
| Total Debt | 3.82M | 77.83M | 344.87M | 1.14B | 2.16B | 2.71B | 2.68B | 3.17B | 2.97B |
| Net Debt | -21.67M | 15.57M | -598.34M | 96.33M | 1.41B | 1.62B | 2.12B | 2.26B | 1.98B |
| Debt / Equity | 0.08x | 0.13x | 0.16x | 0.40x | 0.72x | 0.84x | 0.73x | 0.74x | 0.74x |
| Debt / EBITDA | 0.07x | 0.73x | 1.24x | 2.41x | 3.63x | 3.10x | 2.53x | 2.61x | 1.95x |
| Net Debt / EBITDA | -0.40x | 0.15x | -2.15x | 0.20x | 2.37x | 1.85x | 2.01x | 1.86x | 1.86x |
| Interest Coverage | 47.35x | 40.12x | 12.88x | 22.33x | 2.51x | 2.30x | 1.99x | 2.76x | 2.66x |
| Total Equity | 46.76M▲ 0% | 590.35M▲ 1162.5% | 2.11B▲ 258.0% | 2.83B▲ 34.1% | 3B▲ 5.9% | 3.25B▲ 8.3% | 3.64B▲ 12.1% | 4.31B▲ 18.3% | 4.79B▲ 0% |
| Equity Growth % | - | 1162.47% | 258.04% | 34.07% | 5.87% | 8.34% | 12.09% | 18.32% | 64.06% |
| Book Value per Share | 0.53 | 6.73 | 27.74 | 30.26 | 31.88 | 36.14 | 40.24 | 47.29 | 52.42 |
| Total Shareholders' Equity | 46.11M | 501.98M | 2.07B | 2.78B | 2.95B | 3.2B | 3.6B | 4.27B | 4.75B |
| Common Stock | 66.48M | 315M | 17K | 17K | 17K | 17K | 17K | 17K | 17K |
| Retained Earnings | 40.31M | 52.58M | 115.92M | 407.99M | 631.32M | 1B | 1.38B | 2.01B | 2.46B |
| Treasury Stock | 0 | 0 | 0 | 0 | -152.63M | -304.95M | -299.15M | -273.95M | -240.14M |
| Accumulated OCI | 43.21M | 59.81M | 115.92M | 50.72M | 0 | 0 | 0 | 187.5M | 0 |
| Minority Interest | 651K | 88.37M | 48.63M | 51.56M | 51.87M | 51.32M | 41.51M | 40.63M | 40.52M |
Afya Limited (AFYA) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 39.92M | 80.32M | 299.22M | 371.51M | 630.87M | 843.9M | 1.04B | 1.43B | 1.43B |
| Operating CF Margin % | 18.48% | 24.05% | 39.86% | 30.93% | 36.69% | 36.23% | 36.29% | 43.36% | - |
| Operating CF Growth % | - | 101.21% | 272.54% | 24.16% | 69.81% | 33.77% | 23.67% | 37.28% | 3622.66% |
| Net Income | 50.98M | 98.72M | 186.94M | 335.05M | 273.46M | 428.43M | 429.58M | 676.39M | 729.42M |
| Depreciation & Amortization | 4.02M | 9.08M | 73.15M | 108.74M | 154.22M | 206.22M | 289.51M | 333.34M | 365.32M |
| Stock-Based Compensation | 0 | 2.16M | 18.11M | 32.61M | 43.38M | 31.27M | 31.54M | 32.42M | 22.81M |
| Deferred Taxes | 0 | 5.29M | -9.86M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -427K | 1.5M | 55.47M | 64.24M | 208.6M | 287.89M | 352.39M | 409.87M | 542.15M |
| Working Capital Changes | -14.66M | -36.44M | -24.6M | -169.14M | -48.8M | -109.92M | -59.39M | -19.36M | -174.42M |
| Change in Receivables | -9.79M | -28.2M | -35.56M | -178M | -81.99M | -129.16M | -131.34M | -79.34M | -205.91M |
| Change in Inventory | -140K | -593K | -236K | -3.11M | -3.72M | -363K | 10.95M | 0 | -1.15M |
| Change in Payables | -2.38M | -1.53M | 3.03M | 4.47M | 14.48M | 9.97M | 24.5M | 18.13M | 14.24M |
| Cash from Investing | -22.07M | -262.39M | -354.15M | -1.04B | -1.27B | -591.47M | -1.14B | -1.09B | -594.11M |
| Capital Expenditures | -21.07M | -21.69M | -121.71M | -89.83M | -125.87M | -297.02M | -118.44M | -136.92M | -167.2M |
| CapEx % of Revenue | 9.75% | 6.49% | 16.21% | 7.48% | 7.32% | 12.75% | 4.12% | 4.14% | - |
| Acquisitions | 0 | -221.3M | -241.57M | -919.97M | -1.01B | -301.2M | -907.52M | -627.57M | -215.6M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -1M | -19.4M | 9.13M | -32.97M | -143.17M | 6.75M | -117.09M | -327.12M | -211.31M |
| Cash from Financing | -4.13M | 218.84M | 921.43M | 756.42M | 364.68M | 92.94M | -439.94M | 23.97M | -806.2M |
| Debt Issued (Net) | -1.62M | 68.38M | -107.49M | 394.5M | 681.7M | 466.58M | -138.81M | 321.68M | -352.35M |
| Equity Issued (Net) | 0 | 0 | 1000K | 1000K | -1000K | -1000K | -1000K | 0 | 0 |
| Dividends Paid | 0 | 0 | -38.75M | 0 | 0 | 0 | 0 | 0 | -129.01M |
| Share Repurchases | 0 | 0 | 0 | 0 | -213.72M | -152.32M | -12.37M | 0 | 0 |
| Other Financing | -2.51M | 150.46M | 36.15M | -27.24M | -103.3M | -221.32M | -288.76M | -297.71M | -324.84M |
| Net Change in Cash | 13.72M▲ 0% | 36.77M▲ 168.0% | 880.95M▲ 2295.8% | 101.83M▼ 88.4% | -296.48M▼ 391.1% | 344.52M▲ 216.2% | -540.05M▼ 256.8% | 357.99M▲ 166.3% | 159.95M▲ 0% |
| Free Cash Flow | 18.85M▲ 0% | 58.63M▲ 211.0% | 177.51M▲ 202.8% | 233.92M▲ 31.8% | 354.07M▲ 51.4% | 546.88M▲ 54.5% | 798.2M▲ 46.0% | 1.04B▲ 30.3% | 1.26B▲ 0% |
| FCF Margin % | 8.73% | 17.56% | 23.65% | 19.47% | 20.59% | 23.48% | 27.75% | 31.48% | 34.56% |
| FCF Growth % | - | 211.02% | 202.75% | 31.78% | 51.36% | 54.46% | 45.96% | 30.3% | 53.61% |
| FCF per Share | 0.21 | 0.67 | 2.33 | 2.50 | 3.76 | 6.08 | 8.82 | 11.41 | 11.41 |
| FCF Conversion (FCF/Net Income) | 0.88x | 0.93x | 1.94x | 1.27x | 2.82x | 2.26x | 2.70x | 2.27x | 1.72x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49.33M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Afya Limited (AFYA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 27.11% | 11.38% | 11.81% | 7.66% | 11.95% | 11.21% | 15.88% | 16.05% |
| Return on Invested Capital (ROIC) | 22.93% | 14.51% | 12.26% | 9.01% | 10.73% | 10.82% | 12.3% | 12.3% |
| Gross Margin | 49.68% | 58.85% | 63.81% | 62.06% | 63.09% | 61.41% | 63.21% | 64.98% |
| Net Margin | 25.86% | 20.5% | 24.32% | 12.99% | 16.04% | 13.43% | 19.11% | 20.08% |
| Debt / Equity | 0.13x | 0.16x | 0.40x | 0.72x | 0.84x | 0.73x | 0.74x | 0.74x |
| Interest Coverage | 40.12x | 12.88x | 22.33x | 2.51x | 2.30x | 1.99x | 2.76x | 2.66x |
| FCF Conversion | 0.93x | 1.94x | 1.27x | 2.82x | 2.26x | 2.70x | 2.27x | 1.72x |
| Revenue Growth | 54.59% | 124.78% | 60.02% | 43.14% | 35.46% | 23.48% | 14.9% | 14.07% |
Afya Limited (AFYA) stock FAQ — growth, dividends, profitability & financials explained
Afya Limited (AFYA) reported $3.63B in revenue for fiscal year 2024. This represents a 1582% increase from $216.0M in 2017.
Afya Limited (AFYA) grew revenue by 14.9% over the past year. This is steady growth.
Yes, Afya Limited (AFYA) is profitable, generating $729.4M in net income for fiscal year 2024 (19.1% net margin).
Afya Limited (AFYA) has a return on equity (ROE) of 15.9%. This is reasonable for most industries.
Afya Limited (AFYA) generated $1.26B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Afya Limited (AFYA) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates