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GAEC Educacao SA (ANIM3) Fair Value & Analysis

Consumer Defensive · BR · Market cap R$797M (≈ $154M) · ISIN BRANIMACNOR6

GE GAEC Educacao SA ANIM3 · SA
PriceR$2.78
Fair ValueR$7.21
Upside+159.4%
Quality57/100
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Strengths

Trades 61% below our fair value of R$7.21
Healthy Growth (revenue 5y +23.1 %/yr)
Ranks above peers (13/15)

Risks

!Thin margins · 3.3% net margin
!High debt · generates free cash flow
!Moderate moat 53/100
!Evidence only medium, so the estimate is less certain
Healthy Growth (revenue 5y +23.1 %/yr)
Thin margins · 3.3% net margin
High debt · generates free cash flow
Ranks above peers (13/15)
Moderate moat 53/100
Evidence: Medium Range R$4.19 – R$9.01 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 15 days ago

Share price +28.1% over the past month.

A solid business, trading 61% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price is below even our cautious bear case (R$4.19). The market is more pessimistic than our downside scenario.
  • Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (R$4.19 to R$9.01) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

R$12.14 R$1.46 Fair Value R$7.21 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range R$1.46 – R$12.14 · fair‑value band R$4.19 – R$9.01 · the R$2.78 price screens below the R$7.21 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

GAEC Educacao SA (ANIM3) currently trades at R$2.78, while our model-based Fair Value estimate is R$7.21, implying the stock looks roughly 159.4% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, GAEC Educacao SA generated revenue of R$4.1B at a net margin of 3.3%. Revenue grew 7.7% year over year. It earns a return on equity of 8.7%. Net debt stands at R$5.5B. Fundamentals as of Aug 13, 2026

Our scenario range runs from R$4.19 (bear case) to R$9.01 (bull case); at R$2.78, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 47% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 8% fair-value upside, at 159%, ANIM3 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF R$5.58 R$18.55 R$36.57 80
Residual Income R$4.47 R$4.49 R$4.13 76
Rev-Margin DCF R$1.17 R$9.49 R$21.10 74
All 26 models by family
DCF Models
FCF DCF R$6.15 R$17.81 R$44.43 38
Owner Earnings R$3.66 R$15.97 R$36.89 31
5Y Revenue Exit R$1.17 R$9.69 R$21.48 39
5Y EBITDA Exit R$16.26 R$43.21 R$79.26 41
5Y P/E Exit R$4.03 R$10.27 38
10Y Revenue Exit R$2.51 R$11.16 R$25.05 36
10Y EBITDA Exit R$12.24 R$34.59 R$72.60 37
10Y P/E Exit R$1.20 R$7.20 R$15.83 35
Earnings-Based
Graham-Dodd R$2.23 R$13.10 R$18.24 54
Lynch FV R$3.71 R$5.31 R$6.90 50
PEG = 1.0 R$3.71 R$5.31 R$6.90 46
EPV R$8.86 R$11.50 R$13.69 59
Dividend Discount
Gordon GGM R$1.45 R$2.62 R$3.61 70
DDM Multi-Stage R$1.45 R$2.39 R$2.80 61
Multiples
P/E Multiple R$5.40 R$7.21 R$9.01 63
P/S Multiple R$4.18 R$5.57 R$6.96 58
P/B Multiple R$4.18 R$5.57 R$6.96 55
EV/EBIT R$25.77 R$37.85 R$49.93 53
EV/EBITDA R$23.87 R$35.32 R$46.77 54
EV/Revenue R$2.31 R$6.14 43
Asset-Based
NCAV (Graham) R$3.04 R$4.08 R$6.09 50
Growth DCF
Growth DCF R$5.58 R$18.55 R$36.57 80
Rev-Margin DCF R$1.17 R$9.49 R$21.10 74
Economic Profit
Residual Income R$4.47 R$4.49 R$4.13 76
ROIC Compounder R$10.36 R$17.22 R$24.22 72
Growth Earnings
Growth-Adj P/E R$5.57 R$7.95 R$10.34 68

Widest divergence: DCF Models (R$11.16) versus Dividend Discount (R$2.39). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/E ratio 7.7
P/S ratio 0.24 P/E × margin
EPS (TTM) R$0.3600 price ÷ EPS = P/E 7.7
Net margin 3.1% FY2025
Return on equity 8.7% TTM
Return on assets (EBIT) 6.0% avg 5y
More key figures
Profitability
Operating margin 29.1% TTM
Growth
Revenue (TTM) R$4.1B TTM
Revenue growth (YoY) +7.7% 3y avg +4.1%
EPS growth (YoY) +12.0%
Balance sheet & cash flow
Free cash flow R$538M FY2025
Net debt R$5.5B FY2025 · ≈ 10.2 yrs of FCF

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 52 · Market factors (momentum, volatility) 23

Profitability 29
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 8
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Ânima Holding S.A. offers education services in Brazil. It operates in two segments, Inspirali Education Doctor and Anima Core. The company provides educational services in higher education and professional training courses; and professional development services in postgraduate courses. It also offers advisory and consultancy services.

Full company description

Ânima Holding S.A. offers education services in Brazil. It operates in two segments, Inspirali Education Doctor and Anima Core. The company provides educational services in higher education and professional training courses; and professional development services in postgraduate courses. It also offers advisory and consultancy services. The company was founded in 2003 and is based in São Paulo, Brazil.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

GAEC Educacao SA reported revenue of R$4.0B in FY2025 versus R$2.7B in FY2021, a compound +11.0%/yr. Reported net income was R$124M in FY2025.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
R$4.0B
Latest YoY
+5.8%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.1%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+23.1%
Avg. revenue growth/yr (15Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+21.6%
Revenue +11.0%/yr
FY21 R$2.7B
FY22 R$3.6B
FY23 R$3.7B
FY24 R$3.8B
FY25 R$4.0B
Net income
FY21 −R$87.7M
FY22 −R$102M
FY23 −R$330M
FY24 R$85.1M
FY25 R$124M

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Cite: Fair Value Calculator (2026). "GAEC Educacao SA Fair Value". https://www.fairvalue-calculator.com/stock/ANIM3

Peer Group

Education & Training Services · 148 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 57 · Above median
Fair Value upside +159% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) 29% · Top 25%
Revenue growth 8% · Above median
Dividend yield (TTM) 6.1% · Top 25%
Debt / equity 1.82× · Higher than 75% of peers

Valuation Multiples vs Education & Training Services median · lower = cheaper

P/E (TTM) 7.7× · Cheaper than median
P/B 0.35× · Cheaper than 75% of peers
P/S (TTM) 0.19× · Cheaper than 75% of peers
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 3.9× · Cheaper than median
PEG 0.24× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 33
FUTURE39 · sector 22
PAST35 · sector 18
HEALTH9 · sector 95
DIVIDEND100 · sector 65

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Education & Training Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
New Oriental Education & Technology Group EDU $57.72 $48.37 -16%
TAL Education Group TAL $11.69 $15.60 +33%
Laureate Education, Inc LAUR $38.36 $41.45 +8%
Physicswallah Limited PWL ₹123.90 ₹14.81 -88%
Grand Canyon Education, Inc LOPE $148.77 $152.01 +2%
Covista Inc CVSA $128.22 $135.45 +6%
Stride, Inc LRN $84.58 $139.45 +65%
Universal Technical Institute, Inc UTI $25.64 $20.98 -18%
Perdoceo Education Corporation PRDO $33.46 $40.65 +21%
Strategic Education, Inc STRA $85.31 $105.48 +24%

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Frequently asked questions

Is GAEC Educacao SA (ANIM3) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of R$7.21 versus a price of R$2.78, about +159% (undervalued).
What is the fair value of ANIM3?
Our model-based fair value for GAEC Educacao SA is R$7.21 (as of Aug 13, 2026), built from audited fundamentals. The current price: R$2.78.
What is the quality score of ANIM3?
GAEC Educacao SA has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of GAEC Educacao SA (ANIM3)?
GAEC Educacao SA reported trailing-twelve-month revenue of about R$4.1B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ANIM3?
The net profit margin of GAEC Educacao SA is about 3.3%, meaning it keeps roughly 3.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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