2024-03-19 18:10:46 ET
Summary
- Afya is one of the leading private medical education providers in Brazil.
- The company's model has several quality characteristics including high pricing power, and resiliency to economic cycles.
- Afya has a significant runway to grow organically and inorganically, via seat expansions, price adjustments and acquisitions.
- The current stock price represents a low multiple of FY24E free cash flow adjusted for CAPEX. This leaves most growth potential as additional upside.
Afya ( AFYA ) is one of the leading private medical education providers in Brazil.
I covered the company in December 2023 with a Hold rating. I liked the company's quality characteristics but believed the price was high....
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Afya Is Performing Well And Is A Buy