Is Vasta Platform Limited a Buy?

Vasta Platform Limited is a Brazilian education firm that supplies K-12 private schools with a range of educational resources, encompassing both digital and print formats. Its operations are divided into two main divisions: the Content & EdTech Platform and the Digital Platform. The Content & EdTech Platform delivers essential and supplementary learning materials, available digitally and in print, such as textbooks, structured learning programs, and various other educational support services. Meanwhile, the Digital Platform manages both online and physical retail channels for educational products, alongside a suite of additional digital offerings. By the end of 2021, Vasta boasted a network of 4,508 partner schools, educating approximately 1.335 million students. Beyond its core services, Vasta also retails textbooks directly and through an e-commerce portal that features educational content, school supplies, stationery, and more. It further extends its services to include university entrance exam preparation courses. The company caters to a broad spectrum of stakeholders, from students and parents to educators, school administrators, and private school proprietors. Established in 1966, the company's headquarters are located in São Paulo, Brazil.