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

NYSE:UGP • US90400P1012

Current stock price

5.2 USD
+0.29 (+5.91%)
At close:
5.2 USD
0 (0%)
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.
  • In the past 5 years UGP has always been profitable.
  • 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

  • UGP has a Return On Assets of 5.01%. This is in the better half of the industry: UGP outperforms 72.36% of its industry peers.
  • With a decent Return On Equity value of 15.79%, UGP is doing good in the industry, outperforming 76.42% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 8.91%, UGP is in the better half of the industry, outperforming 76.42% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for UGP is below the industry average of 13.21%.
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

  • Looking at the Profit Margin, with a value of 1.74%, UGP is in the better half of the industry, outperforming 60.16% of the companies in the same industry.
  • 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.
  • UGP's Operating Margin has improved in the last couple of years.
  • With a Gross Margin value of 6.57%, UGP is not doing good in the industry: 90.24% of the companies in the same industry are doing better.
  • 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

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5

2. UGP Health Analysis

2.1 Basic Checks

  • UGP has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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.
  • Compared to 1 year ago, UGP has a worse debt to assets ratio.
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 4.12. 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 4.12, UGP belongs to the top of the industry, outperforming 86.18% of the companies in the same industry.
  • The Debt to FCF ratio of UGP is 6.33, which is on the high side as it means it would take UGP, 6.33 years of fcf income to pay off all of its debts.
  • UGP has a Debt to FCF ratio of 6.33. This is comparable to the rest of the industry: UGP outperforms 59.35% 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.
  • UGP's Debt to Equity ratio of 1.10 is in line compared to the rest of the industry. UGP outperforms 43.09% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.1
Debt/FCF 6.33
Altman-Z 4.12
ROIC/WACC0.9
WACC9.92%
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.
  • With a decent Current ratio value of 1.62, UGP is doing good in the industry, outperforming 65.85% of the companies in the same industry.
  • 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.
  • UGP's Quick ratio of 1.26 is amongst the best of the industry. UGP outperforms 82.93% 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

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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%.
  • 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

  • UGP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.49% yearly.
  • 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 Year0.56%
Revenue Next 2Y3.19%
Revenue Next 3Y6.22%
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

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6

4. UGP Valuation Analysis

4.1 Price/Earnings Ratio

  • UGP is valuated correctly with a Price/Earnings ratio of 12.38.
  • Based on the Price/Earnings ratio, UGP is valued cheaply inside the industry as 80.49% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of UGP to the average of the S&P500 Index (25.54), we can say UGP is valued rather cheaply.
  • UGP is valuated correctly with a Price/Forward Earnings ratio of 13.29.
  • UGP's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. UGP is cheaper than 73.98% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.70. UGP is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 12.38
Fwd PE 13.29
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

  • UGP's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. UGP is cheaper than 78.05% of the companies in the same industry.
  • UGP's Price/Free Cash Flow ratio is rather cheap when compared to the industry. UGP is cheaper than 86.18% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.47
EV/EBITDA 5.9
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)0.56
EPS Next 2Y8.49%
EPS Next 3YN/A

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6

5. UGP Dividend Analysis

5.1 Amount

  • UGP has a Yearly Dividend Yield of 5.92%, which is a nice return.
  • UGP's Dividend Yield is rather good when compared to the industry average which is at 2.79. UGP pays more dividend than 90.24% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, UGP pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.92%

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.
  • UGP has decreased its dividend recently.
Dividend Growth(5Y)50.49%
Div Incr Years1
Div Non Decr Years1
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

  • UGP pays out 87.78% of its income as dividend. 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

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UGP Fundamentals: All Metrics, Ratios and Statistics

ULTRAPAR PARTICPAC-SPON ADR

NYSE:UGP (3/23/2026, 7:00:00 PM)

After market: 5.2 0 (0%)

5.2

+0.29 (+5.91%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)03-04
Earnings (Next)05-06
Inst Owners41.05%
Inst Owner Change-4.88%
Ins OwnersN/A
Ins Owner Change0%
Market Cap5.56B
Revenue(TTM)142.37B
Net Income(TTM)2.47B
Analysts76.19
Price Target5.04 (-3.08%)
Short Float %0.07%
Short Ratio0.23
Dividend
Industry RankSector Rank
Dividend Yield 5.92%
Yearly Dividend0.38
Dividend Growth(5Y)50.49%
DP87.78%
Div Incr Years1
Div Non Decr Years1
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)6.17%
EPS NQ rev (1m)4.04%
EPS NQ rev (3m)6.18%
EPS NY rev (1m)-5.03%
EPS NY rev (3m)-6.9%
Revenue NQ rev (1m)4.44%
Revenue NQ rev (3m)4.93%
Revenue NY rev (1m)0.43%
Revenue NY rev (3m)0.94%
Valuation
Industry RankSector Rank
PE 12.38
Fwd PE 13.29
P/S 0.21
P/FCF 8.47
P/OCF 5.36
P/B 1.86
P/tB 2.36
EV/EBITDA 5.9
EPS(TTM)0.42
EY8.08%
EPS(NY)0.39
Fwd EY7.52%
FCF(TTM)0.61
FCFY11.8%
OCF(TTM)0.97
OCFY18.67%
SpS25.35
BVpS2.79
TBVpS2.2
PEG (NY)N/A
PEG (5Y)0.56
Graham Number5.13
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 4.12
F-Score5
WACC9.92%
ROIC/WACC0.9
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 Year0.56%
Revenue Next 2Y3.19%
Revenue Next 3Y6.22%
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 6 / 10 to ULTRAPAR PARTICPAC-SPON ADR (UGP). This can be considered as Fairly Valued.


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 -6.32% in the next year.


Is the dividend of ULTRAPAR PARTICPAC-SPON ADR sustainable?

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