ULTRAPAR PARTICPAC-SPON ADR (UGP) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:UGP • US90400P1012
4.82 USD
+0.04 (+0.84%)
Last: Feb 2, 2026, 12:48 PM
Overall UGP gets a fundamental rating of 6 out of 10. We evaluated UGP against 121 industry peers in the Specialty Retail industry. UGP has an average financial health and profitability rating. UGP may be a bit undervalued, certainly considering the very reasonable score on growth UGP also has an excellent dividend rating. With these ratings, UGP could be worth investigating further 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.
- Each year in the past 5 years UGP has been profitable.
- UGP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- The Return On Assets of UGP (6.44%) is better than 76.86% of its industry peers.
- UGP has a better Return On Equity (18.26%) than 77.69% 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 73.55% 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 12.28%.
| 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
- UGP has a better Profit Margin (2.12%) than 60.33% of its industry peers.
- UGP's Profit Margin has improved in the last couple of years.
- UGP has a Operating Margin of 3.96%. This is in the better half of the industry: UGP outperforms 60.33% of 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 92.56% 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.
- Compared to 1 year ago, UGP has less shares outstanding
- Compared to 5 years ago, UGP has less shares outstanding
- Compared to 1 year ago, UGP has a worse debt to assets ratio.
2.2 Solvency
- UGP has an Altman-Z score of 4.48. This indicates that UGP is financially healthy and has little risk of bankruptcy at the moment.
- UGP's Altman-Z score of 4.48 is amongst the best of the industry. UGP outperforms 85.12% 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 (9.53) which is comparable to the rest of the industry.
- UGP has a Debt/Equity ratio of 0.97. This is a neutral value indicating UGP is somewhat dependend on debt financing.
- UGP's Debt to Equity ratio of 0.97 is in line compared to the rest of the industry. UGP outperforms 42.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 9.53 | ||
| Altman-Z | 4.48 |
ROIC/WACC0.93
WACC10.8%
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 76.86% of its industry peers.
- UGP has a Quick Ratio of 1.38. 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 Quick ratio (1.38) than 83.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.82 | ||
| Quick Ratio | 1.38 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an nice 12.33% over the past year.
- The Earnings Per Share has been growing by 43.25% on average over the past years. This is a very strong growth
- The Revenue has been growing slightly by 5.91% in the past year.
- Measured over the past years, UGP shows a quite strong growth in Revenue. The Revenue has been growing by 8.37% on average per year.
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
- Based on estimates for the next years, UGP will show a small growth in Earnings Per Share. The EPS will grow by 7.52% on average per year.
- UGP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.98% yearly.
EPS Next Y0.07%
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
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 9.09 indicates a reasonable valuation of UGP.
- UGP's Price/Earnings ratio is rather cheap when compared to the industry. UGP is cheaper than 91.74% of the companies in the same industry.
- UGP is valuated cheaply when we compare the Price/Earnings ratio to 28.32, which is the current average of the S&P500 Index.
- UGP is valuated reasonably with a Price/Forward Earnings ratio of 11.63.
- Based on the Price/Forward Earnings ratio, UGP is valued cheaper than 82.64% of the companies in the same industry.
- UGP is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.09 | ||
| Fwd PE | 11.63 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, UGP is valued cheaply inside the industry as 82.64% of the companies are valued more expensively.
- 78.51% of the companies in the same industry are more expensive than UGP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.53 | ||
| EV/EBITDA | 6 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- UGP has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)133.29
PEG (5Y)0.21
EPS Next 2Y0.02%
EPS Next 3Y7.52%
5. Dividend
5.1 Amount
- UGP has a Yearly Dividend Yield of 6.30%, which is a nice return.
- UGP's Dividend Yield is rather good when compared to the industry average which is at 2.20. UGP pays more dividend than 95.04% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.83, UGP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.3% |
5.2 History
- On average, the dividend of UGP grows each year by 6.93%, which is quite nice.
- UGP has paid a dividend for at least 10 years, which is a reliable track record.
- The dividend of UGP decreased recently.
Dividend Growth(5Y)6.93%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
- 29.65% of the earnings are spent on dividend by UGP. This is a low number and 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%
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 7 / 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 grow 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%.