Financial Snapshot

Revenue
$3.067B
TTM
Gross Margin
62.02%
TTM
Net Earnings
$553.0M
TTM
Current Assets
$1.434B
Q2 2024
Current Liabilities
$974.4M
Q2 2024
Current Ratio
147.22%
Q2 2024
Total Assets
$7.851B
Q2 2024
Total Liabilities
$3.871B
Q2 2024
Book Value
$3.981B
Q2 2024
Cash
$714.5M
Q2 2024
P/E
2.650
Sep 13, 2024 EST
Free Cash Flow
$893.0M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $2.876B $2.329B $1.719B $1.201B $750.6M $333.9M $216.0M
YoY Change 23.48% 35.46% 43.14% 60.03% 124.8% 54.58%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $2.876B $2.329B $1.719B $1.201B $750.6M $333.9M $216.0M
Cost Of Revenue $1.110B $859.6M $652.3M $434.7M $308.9M $168.1M $124.1M
Gross Profit $1.766B $1.470B $1.067B $766.5M $441.8M $165.9M $91.90M
Gross Profit Margin 61.41% 63.09% 62.06% 63.81% 58.86% 49.69% 42.55%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017
Selling, General & Admin $1.015B $798.2M $622.6M $402.9M $239.1M $70.00M $45.40M
YoY Change 27.13% 28.19% 54.53% 68.51% 241.57% 54.19%
% of Gross Profit 57.45% 54.31% 58.35% 52.56% 54.12% 42.19% 49.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $289.5M $206.2M $154.2M $108.7M $73.20M $9.100M $4.000M
YoY Change 40.39% 33.72% 41.88% 48.5% 704.4% 127.5%
% of Gross Profit 16.39% 14.03% 14.45% 14.18% 16.57% 5.49% 4.35%
Operating Expenses $999.0M $805.4M $626.2M $403.2M $236.5M $69.40M $42.60M
YoY Change 24.04% 28.62% 55.3% 70.49% 240.78% 62.91%
Operating Profit $767.1M $664.1M $440.9M $363.3M $205.3M $96.50M $49.30M
YoY Change 15.5% 50.63% 21.36% 76.96% 112.75% 95.74%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017
Interest Expense -$337.5M -$235.7M -$159.6M -$21.90M -$15.40M $3.500M $2.700M
YoY Change 43.2% 47.7% 628.56% 42.21% -540.0% 29.63%
% of Operating Profit -44.0% -35.49% -36.19% -6.03% -7.5% 3.63% 5.48%
Other Income/Expense, Net -$7.163M -$8.623M -$7.878M -$6.300M -$2.900M -$1.200M -$1.000M
YoY Change -16.93% 9.46% 25.05% 117.24% 141.67% 20.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017
Pretax Income $429.6M $428.4M $273.5M $335.1M $186.9M $98.70M $51.00M
YoY Change 0.27% 56.67% -18.39% 79.29% 89.36% 93.53%
Income Tax $24.17M $35.68M $31.18M $27.10M $14.20M $4.000M $2.500M
% Of Pretax Income 5.63% 8.33% 11.4% 8.09% 7.6% 4.05% 4.9%
Net Earnings $386.3M $373.6M $223.3M $292.1M $172.8M $94.70M $48.50M
YoY Change 3.41% 67.28% -23.54% 69.04% 82.47% 95.26%
Net Earnings / Revenue 13.43% 16.04% 12.99% 24.32% 23.02% 28.36% 22.45%
Basic Earnings Per Share
Diluted Earnings Per Share $4.07 $4.12 $2.373M $3.121M $2.268M $3.178M $1.628M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017
Cash & Short-Term Investments $553.0M $1.093B $748.6M $1.045B $943.2M $62.30M $25.50M
YoY Change -49.41% 46.02% -28.37% 10.79% 1413.96% 144.31%
Cash & Equivalents $553.0M $1.093B $660.1M $987.3M $930.1M $57.70M $24.00M
Short-Term Investments
Other Short-Term Assets $58.91M $51.75M $42.53M $29.60M $32.70M $9.400M $1.800M
YoY Change 13.84% 21.66% 43.69% -9.48% 247.87% 422.22%
Inventory $1.382M $12.19M $11.83M $7.500M $3.900M $1.100M $400.0K
Prepaid Expenses
Receivables $546.4M $452.8M $378.4M $302.3M $125.4M $58.40M $28.50M
Other Receivables $43.75M $27.81M $25.58M $21.00M $6.500M $2.300M $4.200M
Total Short-Term Assets $1.204B $1.638B $1.207B $1.406B $1.112B $133.5M $60.50M
YoY Change -26.51% 35.7% -14.13% 26.42% 732.81% 120.66%
Property, Plant & Equipment $1.376B $1.232B $1.083B $679.5M $413.6M $65.80M $32.50M
YoY Change 11.7% 13.72% 59.45% 64.29% 528.57% 102.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $51.83M $53.91M $48.48M $51.40M $45.60M
YoY Change -3.85% 11.2% -5.69% 12.72%
Other Assets $117.3M $191.8M $180.3M $76.10M $19.30M $29.90M $2.700M
YoY Change -38.8% 6.35% 136.93% 294.3% -35.45% 1007.41%
Total Long-Term Assets $6.381B $5.562B $5.241B $3.388B $1.801B $784.9M $43.10M
YoY Change 14.73% 6.13% 54.7% 88.13% 129.42% 1721.11%
Total Assets $7.584B $7.200B $6.447B $4.793B $2.913B $918.4M $103.6M
YoY Change
Accounts Payable $462.2M $333.2M $298.9M $224.2M $149.5M $97.00M $6.700M
YoY Change 38.72% 11.46% 33.34% 49.97% 54.12% 1347.76%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $216.2M $239.8M $168.2M $179.6M $76.30M $26.80M $1.200M
YoY Change -9.88% 42.63% -6.37% 135.39% 184.7% 2133.33%
Total Short-Term Liabilities $1.059B $905.7M $766.5M $589.4M $333.2M $182.3M $51.90M
YoY Change 16.88% 18.16% 30.05% 76.89% 82.78% 251.25%
Long-Term Debt $2.459B $2.475B $1.994B $961.7M $268.6M $51.00M $2.700M
YoY Change -0.63% 24.14% 107.29% 258.04% 426.67% 1788.89%
Other Long-Term Liabilities $423.7M $568.9M $687.3M $408.2M $196.9M $94.70M $2.300M
YoY Change -25.53% -17.23% 68.39% 107.31% 107.92% 4017.39%
Total Long-Term Liabilities $2.883B $3.044B $2.681B $1.370B $465.5M $145.7M $5.000M
YoY Change -5.28% 13.53% 95.7% 194.29% 219.49% 2814.0%
Total Liabilities $3.983B $4.001B $3.499B $2.011B $847.4M $416.4M $57.50M
YoY Change -0.44% 14.33% 74.01% 137.3% 103.51% 624.17%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $1.4656 Billion

About Afya Ltd

Afya Ltd. is a medical education group, which engages in the provision of an end-to-end physician-centric ecosystem that serves and empowers students to be lifelong medical learners through their medical residency preparation, post-graduate programs, and continuing medical education activities. The company is headquartered in Nova Lima, Minas Gerais and currently employs 9,680 full-time employees. The company went IPO on 2019-07-19. The firm is mainly focused on operating medical schools, offering health sciences courses, which comprise medicine, dentistry, nursing, radiology, psychology, pharmacy, physical education, physiotherapy, nutrition and biomedicine. In addition, the Firm provides degree programs and courses in other subjects and disciplines, including undergraduate and post graduate courses in business administration, accounting, law, civil engineering, industrial engineering and pedagogy. The firm's methodological approach combines integrated content, interactive learning, and an adaptive experience for learners. Through its educational content and technology-enabled activities, the Company focuses on personalized learning that mirrors one-on-one tutoring. The firm's undergraduate and graduate campuses are spread across Brazil, as well as its digital medical platform.

Industry: Services-Educational Services Peers: Arco Platform Ltd. Vitru Ltd Vasta Platform Ltd