ULTRAPAR PARTICPAC-SPON ADR (UGP) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:UGP - US90400P1012 - ADR
4.12 USD
+0.06 (+1.48%)
Taking everything into account, UGP scores 6 out of 10 in our fundamental rating. UGP was compared to 122 industry peers in the Specialty Retail industry. Both the profitability and the financial health of UGP get a neutral evaluation. Nothing too spectacular is happening here. UGP may be a bit undervalued, certainly considering the very reasonable score on growth UGP also has an excellent dividend rating. These ratings would make UGP suitable for value and dividend investing!
1. Profitability
1.1 Basic Checks
- UGP had positive earnings in the past year.
- UGP had a positive operating cash flow in the past year.
- In the past 5 years UGP has always been profitable.
- In the past 5 years UGP always reported a positive cash flow from operatings.
1.2 Ratios
- With a decent Return On Assets value of 6.44%, UGP is doing good in the industry, outperforming 77.05% of the companies in the same industry.
- The Return On Equity of UGP (18.26%) is better than 77.87% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 10.04%, UGP is in the better half of the industry, outperforming 73.77% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for UGP is in line with the industry average of 12.24%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.44% | ||
| ROE | 18.26% | ||
| ROIC | 10.04% |
ROA(3y)5.76%
ROA(5y)4.39%
ROE(3y)16.34%
ROE(5y)13.37%
ROIC(3y)10.37%
ROIC(5y)7.58%
1.3 Margins
- Looking at the Profit Margin, with a value of 2.12%, UGP is in the better half of the industry, outperforming 60.66% of the companies in the same industry.
- UGP's Profit Margin has improved in the last couple of years.
- UGP has a Operating Margin (3.96%) which is in line with its industry peers.
- In the last couple of years the Operating Margin of UGP has grown nicely.
- The Gross Margin of UGP (7.10%) is worse than 92.62% of its industry peers.
- In the last couple of years the Gross Margin of UGP has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.96% | ||
| PM (TTM) | 2.12% | ||
| GM | 7.1% |
OM growth 3Y42.59%
OM growth 5Y11.25%
PM growth 3Y31.69%
PM growth 5Y33.44%
GM growth 3Y17.53%
GM growth 5Y1.18%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), UGP is destroying 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.
2.2 Solvency
- UGP has an Altman-Z score of 4.41. This indicates that UGP is financially healthy and has little risk of bankruptcy at the moment.
- UGP's Altman-Z score of 4.41 is amongst the best of the industry. UGP outperforms 85.25% of its industry peers.
- UGP has a debt to FCF ratio of 9.53. This is a negative value and a sign of low solvency as UGP would need 9.53 years to pay back of all of its debts.
- UGP has a Debt to FCF ratio of 9.53. This is comparable to the rest of the industry: UGP outperforms 57.38% of its industry peers.
- UGP has a Debt/Equity ratio of 0.97. This is a neutral value indicating UGP is somewhat dependend on debt financing.
- The Debt to Equity ratio of UGP (0.97) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 9.53 | ||
| Altman-Z | 4.41 |
ROIC/WACC0.96
WACC10.5%
2.3 Liquidity
- A Current Ratio of 1.82 indicates that UGP should not have too much problems paying its short term obligations.
- UGP has a better Current ratio (1.82) than 77.05% of its industry peers.
- A Quick Ratio of 1.38 indicates that UGP should not have too much problems paying its short term obligations.
- UGP has a better Quick ratio (1.38) than 83.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.82 | ||
| Quick Ratio | 1.38 |
3. Growth
3.1 Past
- UGP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.33%, which is quite good.
- Measured over the past years, UGP shows a very strong growth in Earnings Per Share. The EPS has been growing by 43.25% on average per year.
- Looking at the last year, UGP shows a small growth in Revenue. The Revenue has grown by 5.91% in the last year.
- UGP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.37% yearly.
EPS 1Y (TTM)12.33%
EPS 3Y39.09%
EPS 5Y43.25%
EPS Q2Q%10.06%
Revenue 1Y (TTM)5.91%
Revenue growth 3Y6.75%
Revenue growth 5Y8.37%
Sales Q2Q%4.74%
3.2 Future
- The Earnings Per Share is expected to grow by 7.52% on average over the next years.
- UGP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.98% yearly.
EPS Next Y-0.07%
EPS Next 2Y0.02%
EPS Next 3Y7.52%
EPS Next 5YN/A
Revenue Next Year3.95%
Revenue Next 2Y1.95%
Revenue Next 3Y3.63%
Revenue Next 5Y5.98%
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.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 8.08, the valuation of UGP can be described as reasonable.
- UGP's Price/Earnings ratio is rather cheap when compared to the industry. UGP is cheaper than 95.08% of the companies in the same industry.
- UGP is valuated cheaply when we compare the Price/Earnings ratio to 27.33, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 10.22 indicates a reasonable valuation of UGP.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of UGP indicates a rather cheap valuation: UGP is cheaper than 84.43% of the companies listed in the same industry.
- When comparing the Price/Forward Earnings ratio of UGP to the average of the S&P500 Index (24.12), we can say UGP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.08 | ||
| Fwd PE | 10.22 |
4.2 Price Multiples
- UGP's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. UGP is cheaper than 88.52% of the companies in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of UGP indicates a rather cheap valuation: UGP is cheaper than 82.79% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.89 | ||
| EV/EBITDA | 5.5 |
4.3 Compensation for Growth
- UGP has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.19
EPS Next 2Y0.02%
EPS Next 3Y7.52%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 6.18%, UGP is a good candidate for dividend investing.
- UGP's Dividend Yield is rather good when compared to the industry average which is at 2.13. UGP pays more dividend than 94.26% of the companies in the same industry.
- UGP's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.18% |
5.2 History
- The dividend of UGP is nicely growing with an annual growth rate of 6.93%!
- UGP has paid a dividend for at least 10 years, which is a reliable track record.
- UGP has decreased its dividend recently.
Dividend Growth(5Y)6.93%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
- UGP pays out 29.65% of its income as dividend. This is a sustainable payout ratio.
- The dividend of UGP is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP29.65%
EPS Next 2Y0.02%
EPS Next 3Y7.52%
NYSE:UGP (1/15/2026, 12:02:05 PM)
4.12
+0.06 (+1.48%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)11-12 2025-11-12/amc
Earnings (Next)02-24 2026-02-24/amc
Inst Owners35.6%
Inst Owner Change0.05%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.40B
Revenue(TTM)133.50B
Net Income(TTM)2.94B
Analysts77.14
Price Target4.73 (14.81%)
Short Float %0.21%
Short Ratio0.66
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.18% |
Yearly Dividend0.15
Dividend Growth(5Y)6.93%
DP29.65%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)84.56%
Min EPS beat(2)-16.03%
Max EPS beat(2)185.16%
EPS beat(4)3
Avg EPS beat(4)66.03%
Min EPS beat(4)-16.03%
Max EPS beat(4)185.16%
EPS beat(8)5
Avg EPS beat(8)49.89%
EPS beat(12)7
Avg EPS beat(12)62.93%
EPS beat(16)11
Avg EPS beat(16)67.29%
Revenue beat(2)1
Avg Revenue beat(2)-1.95%
Min Revenue beat(2)-4.43%
Max Revenue beat(2)0.53%
Revenue beat(4)1
Avg Revenue beat(4)-1.49%
Min Revenue beat(4)-4.43%
Max Revenue beat(4)0.53%
Revenue beat(8)1
Avg Revenue beat(8)-2.61%
Revenue beat(12)2
Avg Revenue beat(12)-2.35%
Revenue beat(16)3
Avg Revenue beat(16)-4.13%
PT rev (1m)-0.32%
PT rev (3m)7.4%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.28%
EPS NY rev (1m)5.31%
EPS NY rev (3m)6.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.63%
Revenue NY rev (1m)0.57%
Revenue NY rev (3m)0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.08 | ||
| Fwd PE | 10.22 | ||
| P/S | 0.17 | ||
| P/FCF | 11.89 | ||
| P/OCF | 5.98 | ||
| P/B | 1.47 | ||
| P/tB | 1.9 | ||
| EV/EBITDA | 5.5 |
EPS(TTM)0.51
EY12.38%
EPS(NY)0.4
Fwd EY9.79%
FCF(TTM)0.35
FCFY8.41%
OCF(TTM)0.69
OCFY16.72%
SpS24.08
BVpS2.8
TBVpS2.16
PEG (NY)N/A
PEG (5Y)0.19
Graham Number5.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.44% | ||
| ROE | 18.26% | ||
| ROCE | 15.06% | ||
| ROIC | 10.04% | ||
| ROICexc | 11.27% | ||
| ROICexgc | 12.71% | ||
| OM | 3.96% | ||
| PM (TTM) | 2.12% | ||
| GM | 7.1% | ||
| FCFM | 1.44% |
ROA(3y)5.76%
ROA(5y)4.39%
ROE(3y)16.34%
ROE(5y)13.37%
ROIC(3y)10.37%
ROIC(5y)7.58%
ROICexc(3y)13.22%
ROICexc(5y)9.68%
ROICexgc(3y)14.75%
ROICexgc(5y)10.75%
ROCE(3y)15.56%
ROCE(5y)11.37%
ROICexgc growth 3Y48.25%
ROICexgc growth 5Y16.56%
ROICexc growth 3Y47.61%
ROICexc growth 5Y16.73%
OM growth 3Y42.59%
OM growth 5Y11.25%
PM growth 3Y31.69%
PM growth 5Y33.44%
GM growth 3Y17.53%
GM growth 5Y1.18%
F-Score5
Asset Turnover3.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 9.53 | ||
| Debt/EBITDA | 2.3 | ||
| Cap/Depr | 152.85% | ||
| Cap/Sales | 1.42% | ||
| Interest Coverage | 3.42 | ||
| Cash Conversion | 58.51% | ||
| Profit Quality | 67.74% | ||
| Current Ratio | 1.82 | ||
| Quick Ratio | 1.38 | ||
| Altman-Z | 4.41 |
F-Score5
WACC10.5%
ROIC/WACC0.96
Cap/Depr(3y)125.7%
Cap/Depr(5y)121.29%
Cap/Sales(3y)1.07%
Cap/Sales(5y)1.18%
Profit Quality(3y)77.27%
Profit Quality(5y)121.89%
High Growth Momentum
Growth
EPS 1Y (TTM)12.33%
EPS 3Y39.09%
EPS 5Y43.25%
EPS Q2Q%10.06%
EPS Next Y-0.07%
EPS Next 2Y0.02%
EPS Next 3Y7.52%
EPS Next 5YN/A
Revenue 1Y (TTM)5.91%
Revenue growth 3Y6.75%
Revenue growth 5Y8.37%
Sales Q2Q%4.74%
Revenue Next Year3.95%
Revenue Next 2Y1.95%
Revenue Next 3Y3.63%
Revenue Next 5Y5.98%
EBIT growth 1Y6.6%
EBIT growth 3Y52.22%
EBIT growth 5Y20.57%
EBIT Next Year67.77%
EBIT Next 3Y25.56%
EBIT Next 5Y15.95%
FCF growth 1Y9.58%
FCF growth 3Y13.86%
FCF growth 5Y2.14%
OCF growth 1Y31.83%
OCF growth 3Y13.04%
OCF growth 5Y5.01%
ULTRAPAR PARTICPAC-SPON ADR / UGP 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 8 / 10 to ULTRAPAR PARTICPAC-SPON ADR (UGP). This can be considered as Undervalued.
What is the profitability of UGP stock?
ULTRAPAR PARTICPAC-SPON ADR (UGP) has a profitability rating of 6 / 10.
Can you provide the expected EPS growth for UGP stock?
The Earnings per Share (EPS) of ULTRAPAR PARTICPAC-SPON ADR (UGP) is expected to decline by -0.07% in the next year.
Is the dividend of ULTRAPAR PARTICPAC-SPON ADR sustainable?
The dividend rating of ULTRAPAR PARTICPAC-SPON ADR (UGP) is 8 / 10 and the dividend payout ratio is 29.65%.