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

  • In the past year UGP was profitable.
  • In the past year UGP had a positive cash flow from operations.
  • In the past 5 years UGP has always been profitable.
  • UGP had a positive operating cash flow in each of the past 5 years.
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

  • UGP's Return On Assets of 5.01% is fine compared to the rest of the industry. UGP outperforms 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.
  • The Return On Invested Capital of UGP (8.91%) is better than 77.42% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years 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's Profit Margin of 1.74% is in line compared to the rest of the industry. UGP outperforms 59.68% of its industry peers.
  • In the last couple of years the Profit Margin of UGP has grown nicely.
  • The Operating Margin of UGP (3.47%) is comparable to the rest of the industry.
  • 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.
  • UGP's Gross Margin has improved in the last couple of years.
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.
  • Compared to 1 year ago, UGP has less shares outstanding
  • The number of shares outstanding for UGP has been reduced compared to 5 years ago.
  • UGP has a worse debt/assets ratio than last year.
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.
  • UGP has a better Altman-Z score (4.19) than 82.26% of its industry peers.
  • 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 has a better Debt to FCF ratio (6.33) than 60.48% of its industry peers.
  • A Debt/Equity ratio of 1.10 is on the high side and indicates that UGP has dependencies on debt financing.
  • The Debt to Equity ratio of UGP (1.10) is comparable to the rest of the 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's Current ratio of 1.62 is fine compared to the rest of the industry. UGP outperforms 67.74% of its industry peers.
  • A Quick Ratio of 1.26 indicates that UGP should not have too much problems paying its short term obligations.
  • UGP's Quick ratio of 1.26 is amongst the best of the industry. UGP outperforms 83.06% of its industry peers.
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

  • UGP shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.92%.
  • UGP shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.13% yearly.
  • Looking at the last year, UGP shows a small growth in Revenue. The Revenue has grown by 6.64% in the last year.
  • Measured over the past years, UGP shows a quite strong growth in Revenue. The Revenue has been growing by 13.96% on average per year.
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.
  • The Revenue is expected to grow by 3.02% on average over the next years.
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

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

  • The Price/Earnings ratio is 13.45, which indicates a correct valuation of UGP.
  • Based on the Price/Earnings ratio, UGP is valued a bit 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.
  • With a Price/Forward Earnings ratio of 14.24, UGP is valued correctly.
  • Based on the Price/Forward Earnings ratio, UGP is valued a bit cheaper than 70.16% of the companies in the same industry.
  • UGP's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.13.
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 cheaply inside the industry as 83.06% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.08
EV/EBITDA 6.44
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

  • UGP has a Yearly Dividend Yield of 4.59%, which is a nice return.
  • 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

  • The dividend of UGP is nicely growing with an annual growth rate of 50.49%!
  • UGP has been paying a dividend for at least 10 years, so it has a reliable track record.
  • The dividend of UGP decreased 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.
  • The dividend of UGP is growing, but the earnings are growing slower. 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 6.44
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%.