Afya Limited (AFYA) Financial Ratios
8 years of historical data (2017–2024) · Consumer Defensive · Education & Training Services
EV/EBITDA
↓
4.57
+12% vs avg
5yr avg: 4.09
30Y Low3.1·High5.3
P/FCF
↓
3.17
↓-24% vs avg
5yr avg: 4.15
30Y Low1.4·High11.6
P/B Ratio
↓
1.49
↑+181% vs avg
5yr avg: 0.53
30Y Low0.3·High1.0
ROE
↑
15.9%
↓+36% vs avg
5yr avg: 11.7%
30Y Low8%·High97%
Debt/EBITDA
↑
2.61
↓-9% vs avg
5yr avg: 2.86
30Y Low0.1·High3.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AFYA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Afya Limited trades at 10.1x earnings, 95% above its 5-year average of 5.2x, sitting at the 83rd percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 19.6x, the stock trades at a discount of 48%. On a free-cash-flow basis, the stock trades at 3.2x P/FCF, 24% below the 5-year average of 4.2x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $667M | $1.4B | $2.0B | $1.4B | $1.5B | $2.4B | $2.1B | — | — |
| Enterprise Value | $1.1B | $3.7B | $4.1B | $3.0B | $2.9B | $2.5B | $1.5B | — | — |
| P/E Ratio → | 10.13 | 2.29 | 5.14 | 3.76 | 6.63 | 8.11 | 13.43 | — | — |
| P/S Ratio | 1.00 | 0.44 | 0.69 | 0.60 | 0.86 | 1.97 | 2.75 | — | — |
| P/B Ratio | 1.49 | 0.34 | 0.55 | 0.43 | 0.49 | 0.84 | 0.98 | — | — |
| P/FCF | 3.17 | 1.39 | 2.49 | 2.57 | 4.18 | 10.13 | 11.64 | — | — |
| P/OCF | 2.30 | 1.01 | 1.90 | 1.66 | 2.34 | 6.38 | 6.91 | — | — |
P/E links to full P/E history page with 30-year chart
AFYA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Afya Limited's enterprise value stands at 4.6x EBITDA, 12% above its 5-year average of 4.1x. The Consumer Defensive sector median is 11.4x, placing the stock at a 60% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.12 | 1.43 | 1.30 | 1.68 | 2.05 | 1.96 | — | — |
| EV / EBITDA | 4.57 | 3.05 | 3.89 | 3.45 | 4.86 | 5.21 | 5.27 | — | — |
| EV / EBIT | 5.49 | 3.66 | 5.03 | 4.22 | 6.44 | 6.79 | 6.06 | — | — |
| EV / FCF | — | 3.57 | 5.15 | 5.53 | 8.17 | 10.54 | 8.27 | — | — |
AFYA Profitability
Margins and return-on-capital ratios measuring operating efficiency
Afya Limited earns an operating margin of 30.6%, significantly above the Consumer Defensive sector average of 1.4%. Operating margins have expanded from 28.5% to 30.6% over the past 3 years, signaling improving operational efficiency. ROE of 15.9% indicates solid capital efficiency, compared to the sector median of 6.8%. ROIC of 12.3% represents solid returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 63.2% | 63.2% | 61.4% | 63.1% | 62.1% | 63.8% | 58.9% | 49.7% | 42.6% |
| Operating Margin | 30.6% | 30.6% | 26.7% | 28.5% | 25.6% | 30.2% | 27.3% | 28.9% | 22.8% |
| Net Profit Margin | 19.1% | 19.1% | 13.4% | 16.0% | 13.0% | 24.3% | 20.5% | 25.9% | 21.0% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.9% | 15.9% | 11.2% | 12.0% | 7.7% | 11.8% | 11.4% | 27.1% | 97.1% |
| ROA | 7.7% | 7.7% | 5.2% | 5.5% | 4.0% | 7.6% | 8.0% | 16.9% | 43.8% |
| ROIC | 12.3% | 12.3% | 10.8% | 10.7% | 9.0% | 12.3% | 14.5% | 22.9% | 147.5% |
| ROCE | 14.2% | 14.2% | 12.0% | 11.1% | 8.9% | 10.7% | 12.4% | 24.5% | 95.5% |
AFYA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Afya Limited carries a Debt/EBITDA ratio of 2.6x, which is moderately leveraged (24% below the sector average of 3.4x). Net debt stands at $2.3B ($3.2B total debt minus $911M cash). Interest coverage of just 2.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.74 | 0.74 | 0.73 | 0.84 | 0.72 | 0.40 | 0.16 | 0.13 | 0.08 |
| Debt / EBITDA | 2.61 | 2.61 | 2.53 | 3.10 | 3.63 | 2.41 | 1.24 | 0.73 | 0.07 |
| Net Debt / Equity | — | 0.52 | 0.58 | 0.50 | 0.47 | 0.03 | -0.28 | 0.03 | -0.46 |
| Net Debt / EBITDA | 1.86 | 1.86 | 2.01 | 1.85 | 2.37 | 0.20 | -2.15 | 0.15 | -0.40 |
| Debt / FCF | — | 2.18 | 2.66 | 2.97 | 3.99 | 0.41 | -3.37 | 0.27 | -1.15 |
| Interest Coverage | 2.76 | 2.76 | 1.99 | 2.30 | 2.51 | 22.33 | 12.88 | 40.12 | 47.35 |
AFYA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.39x means Afya Limited can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.81x to 1.39x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.39 | 1.39 | 1.14 | 1.81 | 1.57 | 2.38 | 3.34 | 0.73 | 1.16 |
| Quick Ratio | 1.39 | 1.39 | 1.14 | 1.79 | 1.56 | 2.37 | 3.32 | 0.73 | 1.16 |
| Cash Ratio | 0.80 | 0.80 | 0.52 | 1.21 | 0.98 | 1.77 | 2.83 | 0.34 | 0.49 |
| Asset Turnover | — | 0.37 | 0.38 | 0.32 | 0.27 | 0.25 | 0.26 | 0.36 | 2.08 |
| Inventory Turnover | — | — | 803.05 | 70.51 | 55.15 | 57.88 | 78.55 | 150.72 | 276.93 |
| Days Sales Outstanding | — | 68.67 | 69.35 | 75.32 | 85.75 | 91.86 | 61.00 | 63.88 | 52.60 |
AFYA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Afya Limited does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 9.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | 1.8% | — | — |
| Payout Ratio | — | — | — | — | — | — | 24.7% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.9% | 43.6% | 19.5% | 26.6% | 15.1% | 12.3% | 7.4% | — | — |
| FCF Yield | 31.6% | 71.8% | 40.2% | 38.9% | 23.9% | 9.9% | 8.6% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.6% | 10.8% | 14.5% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.6% | 10.8% | 14.5% | 0.0% | 1.8% | — | — |
| Shares Outstanding | — | $91M | $91M | $90M | $94M | $94M | $76M | $88M | $88M |
Peer Comparison
Compare AFYA with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AFYAYou | $667M | 10.1 | 4.6 | 3.2 | 63.2% | 30.6% | 15.9% | 12.3% | 2.6 |
 PRDO | $2B | 14.1 | 8.9 | 9.9 | 71.7% | 23.2% | 16.6% | 15.3% | 0.4 |
 LAUR | $5B | 17.2 | 9.9 | 17.6 | 28.3% | 25.3% | 26.2% | 20.3% | 1.6 |
 STRA | $2B | 14.5 | 7.2 | 11.6 | 49.0% | 15.5% | 7.7% | 9.0% | 0.4 |
 GHC | $5B | 16.9 | 15.0 | 18.2 | 27.6% | 5.1% | 6.4% | 3.3% | 4.1 |
 LOPE | $4B | 21.3 | 13.3 | 18.7 | 52.4% | 27.5% | 28.2% | 32.5% | 0.6 |
 APEI | $1B | 41.1 | 16.3 | 22.0 | — | — | 10.5% | — | 1.2 |
 UTI | $2B | 32.7 | 15.6 | 36.7 | 49.7% | 10.0% | 21.4% | 14.3% | 2.0 |
 COUR | $1B | -19.5 | — | 9.5 | 54.6% | -10.3% | -8.3% | — | — |
 NUVL | $7B | -26.5 | — | — | — | — | -29.5% | -32.6% | — |
 HIMS | $7B | 52.7 | 44.5 | 93.8 | 59.3% | 5.2% | 25.2% | 10.7% | 6.4 |
| Consumer Defensive Median | — | 19.6 | 11.4 | 15.7 | 40.1% | 1.4% | 6.8% | 5.5% | 3.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 8 years · Updated daily
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Start ComparisonAFYA — Frequently Asked Questions
Quick answers to the most common questions about buying AFYA stock.
What is Afya Limited's P/E ratio?
Afya Limited's current P/E ratio is 10.1x. The historical average is 6.6x. This places it at the 83th percentile of its historical range.
What is Afya Limited's EV/EBITDA?
Afya Limited's current EV/EBITDA is 4.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.3x.
What is Afya Limited's ROE?
Afya Limited's return on equity (ROE) is 15.9%. The historical average is 24.3%.
Is AFYA stock overvalued?
Based on historical data, Afya Limited is trading at a P/E of 10.1x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Afya Limited's profit margins?
Afya Limited has 63.2% gross margin and 30.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Afya Limited have?
Afya Limited's Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.