Afya Ltd. (AFYA) intrinsic value & 10-year financials
Afya Ltd. (AFYA) has a Graham intrinsic value of $273.70 per share. At $10.77 on Oct 27, 2026, the stock trades 96% below that value. Over the last 10 fiscal years revenue grew 42.6% a year to $3.7B, with an average return on invested capital of 33.3%.
- Graham intrinsic value
- $273.70
- Share price (Oct 27, 2026)
- $10.77
- Price vs Graham value
- 96% below
- Market cap
- $974.9M
- Revenue (FY2025)
- $3.7B
- Revenue growth (10-yr CAGR)
- 42.6%
- ROIC (10-yr avg)
- 33.3%
- Free cash flow (FY2025)
- $1.4B
AFYA 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.7B | $768.4M | $8.24 | $1.4B | 32.8% | 21.3% |
| FY2024 | $3.3B | $648.9M | $6.93 | $1.3B | 30.6% | 18.5% |
| FY2023 | $2.9B | $405.4M | $4.27 | $925.2M | 26.7% | 16.2% |
| FY2022 | $2.3B | $392.8M | $4.12 | $675.8M | 28.5% | 15.9% |
| FY2021 | $1.7B | $242.3M | $2.37 | $505.0M | 25.6% | 13.0% |
| FY2020 | $1.2B | $308.0M | $3.12 | $281.7M | 30.2% | 18.4% |
| FY2019 | $750.6M | $172.8M | $2.02 | $242.3M | 27.3% | 20.7% |
| FY2018 | $333.9M | $94.7M | $1.81 | $61.7M | 28.9% | 15.3% |
| FY2017 | $216.0M | $48.5M | $1.41 | $23.1M | 22.8% | 160.9% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Afya Ltd revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Afya Ltd has earned high returns on invested capital, averaging 15.6% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Afya Ltd capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Afya Ltd is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $273.70 per share.