Ultrapar Participacoes SA
NYSE:UGP

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Ultrapar Participacoes SA
NYSE:UGP
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Price: 5.75 USD 0.35% Market Closed
Market Cap: $6.3B

EV/EBIT

8.1
Current
26%
More Expensive
vs 3-y average of 6.4

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
8.1
=
Enterprise Value
$38.4B
/
EBIT
R$4.9B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
8.1
=
Enterprise Value
$38.4B
/
EBIT
R$4.9B

Valuation Scenarios

Ultrapar Participacoes SA is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (6.4), the stock would be worth $4.56 (21% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-43%
Maximum Upside
+2%
Average Downside
16%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 8.1 $5.75
0%
3-Year Average 6.4 $4.56
-21%
5-Year Average 7.8 $5.53
-4%
Industry Average 4.6 $3.28
-43%
Country Average 8.3 $5.88
+2%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
$38.4B
/
Jan 2026
R$4.9B
=
8.1
Current
$38.4B
/
Dec 2026
R$5.2B
=
7.4
Forward
$38.4B
/
Dec 2027
R$5.6B
=
6.8
Forward
$38.4B
/
Dec 2028
R$6.1B
=
6.3
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
BR
Ultrapar Participacoes SA
NYSE:UGP
30.9B USD 8.1 12.7
CA
Enbridge Inc
TSX:ENB
156.9B CAD 22.6 22.2
US
Williams Companies Inc
NYSE:WMB
88.2B USD 26.4 33.7
US
Enterprise Products Partners LP
NYSE:EPD
82.1B USD 16.4 14.3
US
Kinder Morgan Inc
NYSE:KMI
70.6B USD 19.5 21.4
US
Energy Transfer LP
NYSE:ET
65.6B USD 14.3 15.7
CA
TC Energy Corp
TSX:TRP
86.8B CAD 21.4 25.8
US
MPLX LP
NYSE:MPLX
56.4B USD 13.2 11.5
US
ONEOK Inc
NYSE:OKE
55.1B USD 14.9 16.2
US
Cheniere Energy Inc
NYSE:LNG
54B USD 8.4 10.1
US
Targa Resources Corp
NYSE:TRGP
51.7B USD 20.5 28.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
BR
Ultrapar Participacoes SA
NYSE:UGP
Average EV/EBIT: 16.9
8.1
7%
1.2
CA
Enbridge Inc
TSX:ENB
22.6
8%
2.8
US
Williams Companies Inc
NYSE:WMB
26.4
14%
1.9
US
Enterprise Products Partners LP
NYSE:EPD
16.4
9%
1.8
US
Kinder Morgan Inc
NYSE:KMI
19.5
8%
2.4
US
Energy Transfer LP
NYSE:ET
14.3
10%
1.4
CA
TC Energy Corp
TSX:TRP
21.4
12%
1.8
US
MPLX LP
NYSE:MPLX
13.2
4%
3.3
US
ONEOK Inc
NYSE:OKE
14.9
6%
2.5
US
Cheniere Energy Inc
NYSE:LNG
8.4
-12%
N/A
US
Targa Resources Corp
NYSE:TRGP
20.5
11%
1.9

Market Distribution

Lower than 100% of companies in Brazil
Percentile
0th
Based on 432 companies
0th percentile
1.7
Low
0.4 — 6.8
Typical Range
6.8 — 11.3
High
11.3 —
Distribution Statistics
Brazil
Min 0.4
30th Percentile 6.8
Median 8.3
70th Percentile 11.3
Max 288

Ultrapar Participacoes SA
Glance View

Market Cap
6.3B USD
Industry
Energy

Ultrapar Participações S.A. stands as a notable entity in Brazil's diversified industrial landscape, weaving its business intricacies through multiple sectors. Founded in 1937, it has evolved into a conglomerate with operations spanning fuel distribution, chemicals, storage for liquid bulk, and pharmaceuticals. At the heart of its operations is Ipiranga, a leading player in the Brazilian fuel distribution market, which accounts for a substantial portion of its revenue. Through an extensive network of service stations and strategic logistics, Ipiranga supplies not just automotive fuels but also lubricants and vehicular services, tapping into Brazil's continental scale market. Complementing its energy-centric pursuits is Ultracargo, the largest independent bulk liquid storage company in Brazil, focusing on the safe and efficient handling of chemicals, fuels, and liquid bulk. Moreover, Ultrapar strengthens its portfolio with Oxiteno, a key producer of intermediate chemicals and surfactants, which recently joined the Indorama Ventures family, enhancing its reach and specialization in the global market. Additionally, Extrafarma, despite encountering competitive challenges, marks Ultrapar's presence in the pharmaceutical retail sector. Through its varied business arms, Ultrapar orchestrates a diversified revenue model, capitalizing on the synergies among its units to foster growth and stability within Brazil's dynamic economic environment.

UGP Intrinsic Value
6.5 USD
Undervaluation 12%
Intrinsic Value
Price $5.75
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