Afya Limited

Afya Limited

AFYA
Afya LimitedUS flagNASDAQ Global Select
14.10
USD
-0.47
- -
1.27BMarket Cap
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.46
3.81
9.88
12.95
18.4
25.9
32.01
36.66
40.86
41.8
Basic EPS, GAAP
0.52
0.98
2.03
3.15
2.39
4.15
4.3
7.01
8.32
8.39
Free Cash Flow per Basic Share
0.21
0.67
2.34
2.52
3.79
6.08
8.89
11.54
12.9
13.09
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.76
3.59
1.53
4.4
6.76
11.17
15.37
22.32
29.12
28.62
Tangible Book Value per Share
0.48
-1.05
10.55
2.81
-9.64
-8.8
-12.84
-13.56
-7.7
-8.71
Basic Weighted Avg Shares
88
88
76
93
93
90
90
90
90
90
Sales/Revenue/Turnover
216
334
751
1,201
1,719
2,329
2,876
3,304
3,697
3,774
Operating Margin (%)
22.84
28.78
26.44
30.11
25.45
28.51
26.67
30.63
32.81
32.72
Depreciation Expense
4
9
73
109
154
206
290
333
373
375
Net Income, GAAP
45
86
154
292
223
374
386
632
752
757
Effective Tax Rate (%)
4.9
4.04
7.58
8.08
11.4
8.33
5.63
4.06
10.74
12.47
Profit Margin (%)
21.01
25.86
20.5
24.32
12.99
16.04
13.43
19.11
20.35
20.07
Working Capital
9
-49
779
816
440
732
145
450
1,058
977
LT Debt
3
51
269
962
1,994
2,475
2,459
2,764
3,004
3,014
Total Equity
47
590
2,114
2,834
3,000
3,250
3,643
4,311
4,891
4,787
Return on Invested Capital (%)
- -
25.33
11.62
10.24
8.42
10.9
11.82
14.06
13.81
13.65
Return on Capital (%)
- -
29.08
37.62
32.27
16.19
18.71
18.6
20.71
20.48
20.83
Return on Common Equity (%)
- -
45.27
71.43
111.49
42.97
45.66
32.39
37.23
32.39
32.11

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
969
116
188
LT Borrowings
997
1,994
1,992
LT Finance Leases
1,008
1,010
1,022
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
91
90
89
Market Capitalization
7,528
7,665
6,985

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,762
1,942
2,224
Cash, Cash Equivalents & STI
997
1,125
1,333
Accounts Receivable, Net
671
717
778
Inventories
- -
- -
- -
Total Current Liabilities
1,800
884
1,247
Payables & Accruals
390
383
655
ST Debt
969
116
188
Deferred Revenue
147
158
151

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
11.62%
13.47%
Free Cash Flow
- -
38.87%
12.26%
Net Income, GAAP
- -
25.95%
19.15%
Sales/Revenue/Turnover
- -
25.77%
11.89%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
804
810
841
849
3,304
2025
936
919
929
913
3,697
2026
1,013
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.26
1.76
1.33
- -
7.01
2025
2.79
1.9
1.71
- -
8.32
2026
2.88
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

MCPAPIChat
CEO
Virgilio Deloy Capobianco Gibbon
Full Time Employees
5,260
Sector
Consumer Defensive
Industry
Education & Training Services
Address
Alameda Oscar Niemeyer, No. 119 Nova Lima MG Brazil
IPO Date
Jul 19, 2019
Business
Afya Limited operates as a leading medical education group and medical practice solutions provider in Brazil. Founded in 1999 and headquartered in Nova Lima, Minas Gerais, the company offers a comprehensive portfolio of products and services organized into three main segments: Undergraduate education, Continuing Education, and Medical Practice Solutions. The Undergraduate segment comprises medical school and other health science undergraduate programs. The Continuing Education segment provides medical education including residency preparation programs, specialization test preparation, graduate courses, and other medical capabilities delivered through digital and in-person content. The Medical Practice Solutions segment offers clinical decision support, clinical management, and doctor-patient relationship solutions, mainly through brands such as Pebmed and iClinic, supporting healthcare professionals and institutions. Afya operates medical schools across various locations in Brazil, including newly expanded operations in Minas Gerais. Recent major changes include the acquisition of Faculdade Única de Contagem (FUNIC), adding 60 medical school seats with potential for an additional 60 seats contingent on Ministry of Education approval, marking expansion in Minas Gerais and strengthening Afya’s footprint as its fifth medical school in the state. The acquisition aligns with Afya’s strategic focus on growth through expanding medical education capacity and consolidating its ecosystem integrating education and medical practice solutions. Additionally, Afya restructured its continuing education segment in 2024 by consolidating various entities such as Medcel, Além da Medicina, CardioPapers, and Medical Harbour under one segment to better integrate content and technology for medical education. The company launched five new specialization campuses in 2024, reinforcing its continuing education and medical practice solutions growth strategies. Afya targets medical students, residents, physicians, and healthcare professionals across Brazil, providing an integrated ecosystem that supports the entire physician career journey. The company reported significant revenue growth and operational efficiencies with a strong focus on digital transformation and academic excellence. As of 2025, Afya has around 26,000 medical students, monthly active users of 228,000, and over 304,000 users within its ecosystem. Financially, Afya expects strong future cash flows with an enterprise value to EBITDA multiple anticipated at 3.3x by 2030 following full synergy realization from acquisitions and organic growth. Overall, Afya Limited is positioned as a dominant player in Brazil's medical education sector, combining undergraduate medical programs, advanced continuing education services, and practice management solutions to serve the healthcare education and medical practitioner markets nationwide. Their strategic expansions and restructuring efforts in recent years underscore their commitment to becoming the primary educational and professional development resource for medical professionals in Brazil.

Company News

MCPAPIChat
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