AFYAAfya Limited

$14.44

Is the business good?

How good a business is AFYA?

Afya Limited earns 17% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.

17%

Return on invested capital · cost of capital 9.0% · 7.6 points above what the capital costs: growth creates value

Operating margin
33%

Operating margin · Education & Training Services median 13% · fiscal year to FY2025

Cash conversion
1.81×

Cash conversion · 2.05× a year ago · every dollar of reported profit arrived as cash, and more

Share count, year on year
+0.12%

Share count, year on year · flat: no meaningful dilution

Operating margin by fiscal year
YearOperating margin
FY202030%
FY202126%
FY202229%
FY202327%
FY202431%
FY202533%
Details
Gross marginfiscal year to FY2025
64%
Operating marginfiscal year to FY2025
33%
Net marginfiscal year to FY2025
20%
Free cash flow margin
37%
Revenue, trailing twelve months
$3.70B
Free cash flow, trailing twelve months
$1.37B
Net income, trailing twelve months
$752M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
17%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.