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Operates medical schools in Brazil and provides digital education and practice-management tools for physicians.
Operates medical schools in Brazil and provides digital education and practice-management tools for physicians.
Earns monthly tuition from students in its medical programmes, so income depends on the number of seats Brazil's regulator lets it offer and how many it fills. It has expanded largely by buying other medical schools and then adding seats, with subscription-style courses sold to practising doctors alongside.
In one line: Brazil's largest medical-education company.
Moat: narrow (regulatory licence, scale, brand). Brazil tightly regulates new medical-school seats, giving incumbents like Afya a scarce-license advantage.
Headquarters: Nova Lima, Brazil · Founded: 2003 · Employees: 9,395
Size Afya (AFYA) is a United States Consumer Discretionary company (Other Consumer Services) with a market value of $960M, the 2275th largest of 3,117 United States companies the cockpit tracks. Shares closed at $10.50 on 6 Nov 2026.
Performance Over six months the shares fell 24.6%, against -15.3% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 17.0% over the last twelve months (peer median +4.1%); the operating margin is 32.5% (peer median 13.0%).
Valuation It trades at 5.9× forward earnings against a peer median of 15.7× (cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -16% a year for seven years (Req g). Recent delivered growth is +23%, so the hurdle is -40 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.1 points above its cost of capital (6.5% WACC).
Short interest Short interest is 0.8% of the free float (15 Oct 2026).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $725M | $662M | $613M | $576M | $451M |
| Revenue growth | — | +8% | +6% | +28% | — |
| Gross profit | $464M | $427M | $387M | $354M | $285M |
| EBITDA | $305M | $284M | $257M | $208M | $176M |
| Net income | $148M | $135M | $117M | $77.3M | $72.3M |
| Free cash flow | $209M | $189M | $194M | $152M | $132M |
| Capital expenditure | $58.6M | $65.2M | $72.8M | $49.1M | $57.5M |
| Total debt | $602M | $569M | $514M | $551M | $514M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AFYA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -25.8% | -1.9% | 2nd lowest of 21 |
| 6-month return | -24.6% | -15.3% | 8th lowest of 21 |
| Distance from 52-week high | -35.0% | -37.4% | 9th highest of 21 |
| Revenue growth (TTM) | +17.0% | +4.1% | 5th highest of 21 |
| Operating margin | 32.5% | 13.0% | 4th highest of 21 |
| Forward P/E | 5.9× | 15.7× | cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -16.3% | 1.5% | least demanding of 16 |
| Growth delivered (Del g) | +23.2% | +15.7% | 8th highest of 16 |
| Hurdle (Req g minus delivered) | -39.5 pp | -16.9 pp | 5th least demanding of 16 |
| ROIC minus cost of capital | +7.1 pp | +2.8 pp | 6th highest of 19 |
| EV / EBITDA | 4.5× | 7.1× | cheapest of 13 |
| Net debt / EBITDA | 1.3× | -0.2× | 5th most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Afya AFYA | United States | $960M | -25% | +17% | 32% | 5.9× | -16.3% | +23.2% |
| Sats SATS.OL | Norway | $937M | +10% | +5% | 18% | 15.2× | -5.9% | +10.6% |
| Voyageurs du Monde ALVDM.PA | France | $896M | +28% | +4% | 8% | 18.1× | 1.8% | +46.3% |
| Trainline TRN.L | United Kingdom | $887M | -5% | +1% | 27% | 7.9× | -8.0% | +46.5% |
| Webbeds WEB.AX | Australia | $871M | +45% | +20% | 25% | 15.7× | 4.5% | +50.3% |
| Dongguan Kingsun Optoelectronic 002638.SZ | China | $849M | -16% | -24% | -34% | n/a | n/a | n/a |
| CATARC Automotive Proving Ground 301215.SZ | China | $1.10B | -12% | +23% | 43% | n/a | n/a | n/a |
| Shaanxi Tourism Culture Industry 603402.SS | China | $832M | -36% | -18% | 54% | 18.7× | -15.9% | +27.6% |
| TripAdvisor TRIP | United States | $820M | -38% | -4% | 5% | 10.1× | -6.6% | +25.6% |
| China Travel International Investment Hong Kong 0308.HK | Hong Kong | $809M | 0% | -7% | 11% | 23.4× | 5.4% | +15.7% |
| Mader MAD.AX | Australia | $806M | -29% | +15% | 9% | 15.7× | 5.2% | +26.9% |
| Caissa Tourism 000796.SZ | China | $805M | -36% | +42% | -10% | n/a | n/a | n/a |
| Zhang Jia Jie Tourism 000430.SZ | China | $1.15B | -22% | +20% | -81% | n/a | n/a | n/a |
| Strategic Education STRA | United States | $1.16B | -35% | +4% | 16% | 7.9× | -12.6% | +4.3% |
| Dalian Sunasia Tourism 600593.SS | China | $793M | +19% | +5% | 32% | n/a | n/a | n/a |
| Emei Shan Tourism 000888.SZ | China | $789M | -16% | -8% | 15% | 21.7× | 3.2% | +15.1% |
| AcadeMedia ACAD.ST | Sweden | $1.22B | +20% | +8% | 7% | 9.9× | -1.8% | +8.7% |
| UTour 002707.SZ | China | $740M | -15% | -9% | 2% | 76.6× | 9.7% | +33.8% |
| China CYTS Tours 600138.SS | China | $737M | -25% | +15% | 3% | 43.9× | 1.5% | +9.7% |
| Shoucheng 0697.HK | Hong Kong | $1.33B | -27% | -1% | 16% | 15.5× | 21.2% | +15.3% |
| Lijiang Yulong Tourism 002033.SZ | China | $687M | -12% | +8% | 37% | 18.3× | 0.8% | +14.8% |