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 6,126 - -
Change - -8.67% 28.69% -7.27% -13.13% -20.42% - -
Enterprise Value (EV) 1 8,758 9,048 11,679 11,124 9,693 7,463 7,676 7,635
Change - 3.31% 29.08% -4.75% -12.87% -23.01% 2.85% -0.53%
P/E 36.9x 20x 24.9x 14.2x 10.3x 7.91x 7.09x 6.51x
PBR 2.77x 2.33x 2.67x 2.1x 1.58x 1.17x 1.13x 1.17x
PEG - 0.3x 6.84x 0.2x 0.5x 1.27x 0.6x 0.73x
Capitalization / Revenue 4.73x 3.19x 3.32x 2.68x 2.08x 1.54x 1.44x 1.36x
EV / Revenue 5.09x 3.88x 4.06x 3.37x 2.62x 1.88x 1.8x 1.69x
EV / EBITDA 11.6x 9.41x 10x 7.64x 5.77x 4.35x 4.21x 3.98x
EV / EBIT 14.6x 12x 15.2x 9.91x 7.42x 5.68x 5.52x 5.18x
EV / FCF 24.7x 16.5x 14.6x 10.7x 8.3x 5.97x 6.66x 6.27x
FCF Yield 4.04% 6.04% 6.83% 9.35% 12% 16.8% 15% 16%
Dividend per Share 2 - - - - 3.447 3.225 5.213 10.2
Rate of return - - - - 4.06% 4.66% 7.53% 14.7%
EPS 2 2.37 4.12 4.27 6.93 8.24 8.753 9.764 10.63
Distribution rate - - - - 41.8% 36.8% 53.4% 95.9%
Net sales 1 1,719 2,329 2,876 3,304 3,697 3,980 4,259 4,508
EBITDA 1 754.8 961.9 1,166 1,456 1,680 1,716 1,822 1,916
EBIT 1 600.6 755.7 767.1 1,122 1,307 1,313 1,391 1,475
Net income 1 223.3 373.6 386.3 631.5 752.5 794.4 887.4 956
Net Debt 1 626.3 1,622 2,122 2,262 1,995 1,337 1,549 1,508
Reference price 2 87.53 82.58 106.41 98.22 84.88 69.24 69.24 69.24
Nbr of stocks (in thousands) 92,902 89,937 89,812 90,230 90,698 88,478 - -
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.($)
7.91x1.88x4.35x4.66% 1.2B
10.32x0.69x2.84x2.52% 953M
8.14x1.22x4.02x4.32% 928M
2.75x1.09x2x - 703M
9.65x1.18x3.57x4.94% 555M
2.19x1.51x3.96x-.--% 444M
6.55x1.2x4.13x8.73% 385M
Average 6.79x 1.25x 3.55x 4.19% 738.1M
Weighted average by Cap. 7.29x 1.28x 3.56x 4.05%

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

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  3. AFYA Stock
  4. Valuation Afya Limited
-40%: Exceptional extension
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