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 6,353 - -
Change - -8.67% 28.69% -7.27% -13.13% -17.47% - -
Enterprise Value (EV) 1 8,758 9,048 11,679 11,124 9,693 8,010 7,938 7,825
Change - 3.31% 29.08% -4.75% -12.87% -17.36% -0.9% -1.43%
P/E 36.9x 20x 24.9x 14.2x 10.3x 8.17x 7.19x 6.6x
PBR 2.77x 2.33x 2.67x 2.1x 1.58x 1.26x 1.17x 1.2x
PEG - 0.3x 6.84x 0.2x 0.5x 2.31x 0.5x 0.75x
Capitalization / Revenue 4.73x 3.19x 3.32x 2.68x 2.08x 1.59x 1.49x 1.41x
EV / Revenue 5.09x 3.88x 4.06x 3.37x 2.62x 2.01x 1.86x 1.74x
EV / EBITDA 11.6x 9.41x 10x 7.64x 5.77x 4.65x 4.34x 4.08x
EV / EBIT 14.6x 12x 15.2x 9.91x 7.42x 6.19x 5.73x 5.33x
EV / FCF 24.7x 16.5x 14.6x 10.7x 8.3x 7.75x 7.02x 6.55x
FCF Yield 4.04% 6.04% 6.83% 9.35% 12% 12.9% 14.2% 15.3%
Dividend per Share 2 - - - - 3.447 2.724 4.316 8.792
Rate of return - - - - 4.06% 3.91% 6.2% 12.6%
EPS 2 2.37 4.12 4.27 6.93 8.24 8.532 9.695 10.55
Distribution rate - - - - 41.8% 31.9% 44.5% 83.4%
Net sales 1 1,719 2,329 2,876 3,304 3,697 3,991 4,266 4,497
EBITDA 1 754.8 961.9 1,166 1,456 1,680 1,722 1,828 1,919
EBIT 1 600.6 755.7 767.1 1,122 1,307 1,295 1,385 1,469
Net income 1 223.3 373.6 386.3 631.5 752.5 774.4 883.2 957.8
Net Debt 1 626.3 1,622 2,122 2,262 1,995 1,657 1,585 1,471
Reference price 2 87.53 82.58 106.41 98.22 84.88 69.66 69.66 69.66
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.($)
8.32x2x4.63x3.84% 122.3Cr
10.51x0.71x2.91x2.47% 97Cr
6.99x1.09x3.58x4.68% 78Cr
2.61x1.04x1.95x21.72% 64Cr
6.45x0.95x2.88x6.68% 38Cr
1.88x1.39x3.7x-.--% 33Cr
Average 6.13x 1.20x 3.28x 6.56% 72.12Cr
Weighted average by Cap. 7.07x 1.27x 3.43x 6.29%

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