Company Valuation: Afya Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,132 7,427 9,557 8,862 7,698 6,540 - -
Change - -8.67% 28.69% -7.27% -13.13% -15.05% - -
Enterprise Value (EV) 1 8,758 9,048 11,679 11,124 9,693 7,987 8,241 8,427
Change - 3.31% 29.08% -4.75% -12.87% -17.6% 3.18% 2.26%
P/E 36.9x 20x 24.9x 14.2x 10.3x 8.55x 7.48x 6.88x
PBR 2.77x 2.33x 2.67x 2.1x 1.58x 1.3x 1.2x 1.23x
PEG - 0.3x 6.84x 0.2x 0.5x 1.99x 0.5x 0.79x
Capitalization / Revenue 4.73x 3.19x 3.32x 2.68x 2.08x 1.62x 1.52x 1.43x
EV / Revenue 5.09x 3.88x 4.06x 3.37x 2.62x 1.98x 1.91x 1.84x
EV / EBITDA 11.6x 9.41x 10x 7.64x 5.77x 4.61x 4.46x 4.31x
EV / EBIT 14.6x 12x 15.2x 9.91x 7.42x 6.09x 5.9x 5.59x
EV / FCF 24.7x 16.5x 14.6x 10.7x 8.3x 7.62x 7.16x 6.97x
FCF Yield 4.04% 6.04% 6.83% 9.35% 12% 13.1% 14% 14.3%
Dividend per Share 2 - - - - 3.447 2.006 3.646 4.133
Rate of return - - - - 4.06% 2.73% 4.96% 5.63%
EPS 2 2.37 4.12 4.27 6.93 8.24 8.595 9.823 10.68
Distribution rate - - - - 41.8% 23.3% 37.1% 38.7%
Net sales 1 1,719 2,329 2,876 3,304 3,697 4,026 4,313 4,587
EBITDA 1 754.8 961.9 1,166 1,456 1,680 1,733 1,847 1,954
EBIT 1 600.6 755.7 767.1 1,122 1,307 1,312 1,397 1,508
Net income 1 223.3 373.6 386.3 631.5 752.5 788.4 913 966.4
Net Debt 1 626.3 1,622 2,122 2,262 1,995 1,447 1,701 1,887
Reference price 2 87.53 82.58 106.41 98.22 84.88 73.47 73.47 73.47
Nbr of stocks (in thousands) 92,902 89,937 89,812 90,230 90,698 89,011 - -
Announcement Date 31/03/22 22/03/23 14/03/24 13/03/25 12/03/26 - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.67x0.97x3.96x1.93% 1.2B
8.22x1.17x3.74x4.25% 937M
2.66x1.05x1.97x21.34% 650M
7.21x1.02x3.09x5.9% 459M
1.97x1.36x3.59x7.4% 354M
11.91x3.64x8.61x4.17% 305M
Average 7.27x 1.53x 4.16x 7.5% 651.65M
Weighted average by Cap. 7.96x 1.28x 3.80x 6.85%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield