ULTRAPAR PARTICPAC-SPON ADR (UGP) Fundamental Analysis & Valuation

NYSE:UGP • US90400P1012

Current stock price

5.65 USD
+0.03 (+0.53%)
At close:
5.7 USD
+0.05 (+0.88%)
After Hours:

This UGP fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. UGP Profitability Analysis

1.1 Basic Checks

  • UGP had positive earnings in the past year.
  • In the past year UGP had a positive cash flow from operations.
  • UGP had positive earnings in each of the past 5 years.
  • Each year in the past 5 years UGP had a positive operating cash flow.
UGP Yearly Net Income VS EBIT VS OCF VS FCFUGP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

1.2 Ratios

  • The Return On Assets of UGP (5.01%) is better than 71.77% of its industry peers.
  • UGP's Return On Equity of 15.79% is fine compared to the rest of the industry. UGP outperforms 75.00% of its industry peers.
  • UGP has a better Return On Invested Capital (8.91%) than 77.42% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for UGP is below the industry average of 13.35%.
Industry RankSector Rank
ROA 5.01%
ROE 15.79%
ROIC 8.91%
ROA(3y)5.77%
ROA(5y)4.89%
ROE(3y)16.44%
ROE(5y)14.63%
ROIC(3y)10.47%
ROIC(5y)8.8%
UGP Yearly ROA, ROE, ROICUGP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • UGP has a Profit Margin (1.74%) which is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of UGP has grown nicely.
  • UGP has a Operating Margin of 3.47%. This is comparable to the rest of the industry: UGP outperforms 58.87% of its industry peers.
  • In the last couple of years the Operating Margin of UGP has grown nicely.
  • UGP's Gross Margin of 6.57% is on the low side compared to the rest of the industry. UGP is outperformed by 89.52% of its industry peers.
  • In the last couple of years the Gross Margin of UGP has grown nicely.
Industry RankSector Rank
OM 3.47%
PM (TTM) 1.74%
GM 6.57%
OM growth 3Y16.36%
OM growth 5Y14.21%
PM growth 3Y11.19%
PM growth 5Y7.4%
GM growth 3Y8.67%
GM growth 5Y4%
UGP Yearly Profit, Operating, Gross MarginsUGP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. UGP Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so UGP is still creating some value.
  • The number of shares outstanding for UGP has been reduced compared to 1 year ago.
  • UGP has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for UGP is higher compared to a year ago.
UGP Yearly Shares OutstandingUGP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
UGP Yearly Total Debt VS Total AssetsUGP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.2 Solvency

  • UGP has an Altman-Z score of 4.19. This indicates that UGP is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 4.19, UGP belongs to the top of the industry, outperforming 82.26% of the companies in the same industry.
  • UGP has a debt to FCF ratio of 6.33. This is a slightly negative value and a sign of low solvency as UGP would need 6.33 years to pay back of all of its debts.
  • UGP's Debt to FCF ratio of 6.33 is fine compared to the rest of the industry. UGP outperforms 60.48% of its industry peers.
  • UGP has a Debt/Equity ratio of 1.10. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.10, UGP is in line with its industry, outperforming 42.74% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.1
Debt/FCF 6.33
Altman-Z 4.19
ROIC/WACC0.88
WACC10.12%
UGP Yearly LT Debt VS Equity VS FCFUGP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.3 Liquidity

  • UGP has a Current Ratio of 1.62. This is a normal value and indicates that UGP is financially healthy and should not expect problems in meeting its short term obligations.
  • UGP has a better Current ratio (1.62) than 67.74% of its industry peers.
  • UGP has a Quick Ratio of 1.26. This is a normal value and indicates that UGP is financially healthy and should not expect problems in meeting its short term obligations.
  • With an excellent Quick ratio value of 1.26, UGP belongs to the best of the industry, outperforming 83.06% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.62
Quick Ratio 1.26
UGP Yearly Current Assets VS Current LiabilitesUGP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. UGP Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 6.92% over the past year.
  • Measured over the past years, UGP shows a very strong growth in Earnings Per Share. The EPS has been growing by 22.13% on average per year.
  • UGP shows a small growth in Revenue. In the last year, the Revenue has grown by 6.64%.
  • UGP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.96% yearly.
EPS 1Y (TTM)6.92%
EPS 3Y10.78%
EPS 5Y22.13%
EPS Q2Q%-57.5%
Revenue 1Y (TTM)6.64%
Revenue growth 3Y-0.29%
Revenue growth 5Y13.96%
Sales Q2Q%7.2%

3.2 Future

  • Based on estimates for the next years, UGP will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.49% on average per year.
  • UGP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.02% yearly.
EPS Next Y-6.32%
EPS Next 2Y8.49%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.97%
Revenue Next 2Y5.22%
Revenue Next 3Y4.49%
Revenue Next 5Y3.02%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
UGP Yearly Revenue VS EstimatesUGP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 50B 100B 150B
UGP Yearly EPS VS EstimatesUGP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2 2.5

More info and screens

Find the best growth stocksShow best growing peers

5

4. UGP Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 13.45, UGP is valued correctly.
  • UGP's Price/Earnings ratio is a bit cheaper when compared to the industry. UGP is cheaper than 76.61% of the companies in the same industry.
  • UGP's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.21.
  • A Price/Forward Earnings ratio of 14.24 indicates a correct valuation of UGP.
  • Based on the Price/Forward Earnings ratio, UGP is valued a bit cheaper than the industry average as 73.39% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.13, UGP is valued a bit cheaper.
Industry RankSector Rank
PE 13.45
Fwd PE 14.24
UGP Price Earnings VS Forward Price EarningsUGP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of UGP indicates a somewhat cheap valuation: UGP is cheaper than 77.42% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, UGP is valued cheaper than 83.87% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.08
EV/EBITDA 6.47
UGP Per share dataUGP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The decent profitability rating of UGP may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.61
EPS Next 2Y8.49%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. UGP Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.59%, UGP is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.06, UGP pays a better dividend. On top of this UGP pays more dividend than 88.71% of the companies listed in the same industry.
  • UGP's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 4.59%

5.2 History

  • On average, the dividend of UGP grows each year by 50.49%, which is quite nice.
  • UGP has paid a dividend for at least 10 years, which is a reliable track record.
  • UGP has decreased its dividend in the last 3 years.
Dividend Growth(5Y)50.49%
Div Incr Years2
Div Non Decr Years2
UGP Yearly Dividends per shareUGP Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3

5.3 Sustainability

  • 87.78% of the earnings are spent on dividend by UGP. This is not a sustainable payout ratio.
  • UGP's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP87.78%
EPS Next 2Y8.49%
EPS Next 3YN/A
UGP Yearly Income VS Free CF VS DividendUGP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B
UGP Dividend Payout.UGP Dividend Payout, showing the Payout Ratio.UGP Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

UGP Fundamentals: All Metrics, Ratios and Statistics

ULTRAPAR PARTICPAC-SPON ADR

NYSE:UGP (4/6/2026, 8:12:17 PM)

After market: 5.7 +0.05 (+0.88%)

5.65

+0.03 (+0.53%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)03-04
Earnings (Next)05-06
Inst Owners41.05%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner Change0%
Market Cap6.04B
Revenue(TTM)142.37B
Net Income(TTM)2.47B
Analysts78.1
Price Target5.04 (-10.8%)
Short Float %0.28%
Short Ratio0.74
Dividend
Industry RankSector Rank
Dividend Yield 4.59%
Yearly Dividend0.38
Dividend Growth(5Y)50.49%
DP87.78%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.29%
Min EPS beat(2)-25.82%
Max EPS beat(2)25.23%
EPS beat(4)2
Avg EPS beat(4)42.14%
Min EPS beat(4)-25.82%
Max EPS beat(4)185.16%
EPS beat(8)4
Avg EPS beat(8)29.43%
EPS beat(12)7
Avg EPS beat(12)34.85%
EPS beat(16)10
Avg EPS beat(16)58.77%
Revenue beat(2)2
Avg Revenue beat(2)3.84%
Min Revenue beat(2)2.76%
Max Revenue beat(2)4.92%
Revenue beat(4)3
Avg Revenue beat(4)0.94%
Min Revenue beat(4)-4.43%
Max Revenue beat(4)4.92%
Revenue beat(8)3
Avg Revenue beat(8)-1.1%
Revenue beat(12)3
Avg Revenue beat(12)-1.65%
Revenue beat(16)4
Avg Revenue beat(16)-2.12%
PT rev (1m)0%
PT rev (3m)6.51%
EPS NQ rev (1m)6.81%
EPS NQ rev (3m)10.93%
EPS NY rev (1m)-4.98%
EPS NY rev (3m)-5.03%
Revenue NQ rev (1m)10.97%
Revenue NQ rev (3m)15.9%
Revenue NY rev (1m)5.39%
Revenue NY rev (3m)7.35%
Valuation
Industry RankSector Rank
PE 13.45
Fwd PE 14.24
P/S 0.22
P/FCF 9.08
P/OCF 5.74
P/B 2
P/tB 2.53
EV/EBITDA 6.47
EPS(TTM)0.42
EY7.43%
EPS(NY)0.4
Fwd EY7.02%
FCF(TTM)0.62
FCFY11.02%
OCF(TTM)0.98
OCFY17.43%
SpS25.71
BVpS2.83
TBVpS2.23
PEG (NY)N/A
PEG (5Y)0.61
Graham Number5.17
Profitability
Industry RankSector Rank
ROA 5.01%
ROE 15.79%
ROCE 13.19%
ROIC 8.91%
ROICexc 10.96%
ROICexgc 12.3%
OM 3.47%
PM (TTM) 1.74%
GM 6.57%
FCFM 2.42%
ROA(3y)5.77%
ROA(5y)4.89%
ROE(3y)16.44%
ROE(5y)14.63%
ROIC(3y)10.47%
ROIC(5y)8.8%
ROICexc(3y)12.98%
ROICexc(5y)11.07%
ROICexgc(3y)14.48%
ROICexgc(5y)12.33%
ROCE(3y)15.5%
ROCE(5y)13.03%
ROICexgc growth 3Y-3.53%
ROICexgc growth 5Y19.25%
ROICexc growth 3Y-3.51%
ROICexc growth 5Y18.81%
OM growth 3Y16.36%
OM growth 5Y14.21%
PM growth 3Y11.19%
PM growth 5Y7.4%
GM growth 3Y8.67%
GM growth 5Y4%
F-Score5
Asset Turnover2.88
Health
Industry RankSector Rank
Debt/Equity 1.1
Debt/FCF 6.33
Debt/EBITDA 2.64
Cap/Depr 126.42%
Cap/Sales 1.41%
Interest Coverage 2.6
Cash Conversion 83.47%
Profit Quality 139.31%
Current Ratio 1.62
Quick Ratio 1.26
Altman-Z 4.19
F-Score5
WACC10.12%
ROIC/WACC0.88
Cap/Depr(3y)128.42%
Cap/Depr(5y)128.41%
Cap/Sales(3y)1.26%
Cap/Sales(5y)1.15%
Profit Quality(3y)109.33%
Profit Quality(5y)105.5%
High Growth Momentum
Growth
EPS 1Y (TTM)6.92%
EPS 3Y10.78%
EPS 5Y22.13%
EPS Q2Q%-57.5%
EPS Next Y-6.32%
EPS Next 2Y8.49%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)6.64%
Revenue growth 3Y-0.29%
Revenue growth 5Y13.96%
Sales Q2Q%7.2%
Revenue Next Year5.97%
Revenue Next 2Y5.22%
Revenue Next 3Y4.49%
Revenue Next 5Y3.02%
EBIT growth 1Y0.92%
EBIT growth 3Y16.02%
EBIT growth 5Y30.16%
EBIT Next Year56.76%
EBIT Next 3Y14.32%
EBIT Next 5Y14.04%
FCF growth 1Y76.93%
FCF growth 3Y62.87%
FCF growth 5Y11.65%
OCF growth 1Y45.96%
OCF growth 3Y39.59%
OCF growth 5Y11.68%

ULTRAPAR PARTICPAC-SPON ADR / UGP Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for ULTRAPAR PARTICPAC-SPON ADR?

ChartMill assigns a fundamental rating of 6 / 10 to UGP.


Can you provide the valuation status for ULTRAPAR PARTICPAC-SPON ADR?

ChartMill assigns a valuation rating of 5 / 10 to ULTRAPAR PARTICPAC-SPON ADR (UGP). This can be considered as Fairly Valued.


How profitable is ULTRAPAR PARTICPAC-SPON ADR (UGP) stock?

ULTRAPAR PARTICPAC-SPON ADR (UGP) has a profitability rating of 6 / 10.


How financially healthy is ULTRAPAR PARTICPAC-SPON ADR?

The financial health rating of ULTRAPAR PARTICPAC-SPON ADR (UGP) is 6 / 10.


Can you provide the dividend sustainability for UGP stock?

The dividend rating of ULTRAPAR PARTICPAC-SPON ADR (UGP) is 6 / 10 and the dividend payout ratio is 87.78%.