Afya (AFYA)
Connects Brazilian physicians to education, clinical content and practice solutions.
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Provides medical-school education, residency preparation, continuing education, clinical content and practice solutions in Brazil. Its acquisition-led model expands the medical-school footprint and depends on approvals for medical-school seats.
Combines undergraduate medical education with residency-test preparation, continuing medical education, clinical content and technology, and digital tools for medical practice. The end-to-end model follows physicians from medical school through practice at each career stage, anchored in a Brazilian network whose roots reach back to 1999.
Acquisitions are central to expanding the medical-school footprint, with recent additions including DelRey, Unidom and FUNIC. The business depends on approvals for medical-school seats and is exposed to regulatory, legal, data-protection and cybersecurity requirements. Unidom seat authorizations remained subject to a final court conclusion at year-end.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Feb 24, 2026 | B of A Securities | Downgrade | ||
| Feb 13, 2026 | Morgan Stanley | Downgrade | Target: $17.50 | Target: $16 |
| Jan 21, 2026 | BTG Pactual | Target | Target: — | Target: $17 |
| Jan 16, 2026 | UBS | Downgrade | Target: $18 | Target: $16 |
| Jan 8, 2026 | UBS | Reiterate | Rating: —Target: $19 | Target: $18 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $196.5M · Total debt $608.6M · Total assets $1.82B · Shareholders' equity $954.2M
- Revenue
- $194.3M
- Operating income
- $58.4M
- Net income
- $39.4M
Reported in BRL, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | 12.03% | 10.86M ADS | |
|---|---|---|---|
| 55 holders · as of Jun 30, 2026 | |||
| Insiders | 69.50% | 62.72M ADS | |
| 16 holders · as of Jun 30, 2026 | |||
| Strategic holders | 4.71% | 4.25M ADS | |
| 2 holders · as of Feb 14, 2022 | |||
| Other | 13.76% | 12.41M ADS | |
| remainder | |||
90.25M ADS as of Aug 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2024 annual report; nothing newer is on file here.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Educacional II Fundo de Investimento em Participações MultiestratégiaInsider | 27.62% | 24.93M | filed Feb 14, 2020 |
MultiestratégiaInsider | 26.86% | 24.24M | filed Feb 10, 2021 |
Nicolau Carvalho EstevesInsiderdirector | 5.91% | 5.34M A ordinary | filed Mar 23, 2026 |
Financial, Inc.Strategic | 3.06% | 2.76M | filed Feb 14, 2022 |
FMR LLCInstitution | 2.90% | 2.61M A ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 1, 2026 | Lelio de Souza Junior | officer: Vice President | −36,204 | $15.00 |
| Jun 26, 2026 | Lelio de Souza Junior | officer: Vice President | −41,541 | $15.00 |
| Jun 26, 2026 | Gomiero Mirella Basolli | officer: Vice President | −10,000 | $14.80 |
| Apr 17, 2026 | Santos Welder Ferreira | officer: Controller | −3,325 | $15.90 |
| Apr 13, 2026 | De Sousa Anibal Jose Grifo | officer: VP Legal, Comp., & Gov Rel. | −14,000 | $15.41 |
Not reported.