Ultrapar Participações (UGPA3) Stock Overview
Through its subsidiaries, operates in the energy, mobility, and logistics infrastructure sectors in Brazil, the rest of Europe, the United States, Canada, other Latin American countries, Oceania, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
UGPA3 Community Fair Values
Create NarrativeSee what 11 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Ultrapar Participações S.A. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R$24.68 |
| 52 Week High | R$30.81 |
| 52 Week Low | R$15.58 |
| Beta | 0.31 |
| 1 Month Change | -18.17% |
| 3 Month Change | -8.90% |
| 1 Year Change | 48.94% |
| 3 Year Change | 38.50% |
| 5 Year Change | 19.40% |
| Change since IPO | 1,874.40% |
Recent News & Updates
Narrative Update • Jun 01
UGPA3: Government Fuel Measures Will Support Re Rating Potential
Analysts have raised their price target for Ultrapar Participações to R$32.18 from R$27.34, citing updated assumptions on fair value, profit margins and P/E, along with mixed but more balanced recent research that includes a price target increase, a downgrade and an upgrade to Hold. Analyst Commentary Recent research on Ultrapar Participações gives a mixed picture, with some analysts adjusting targets higher while others turn more cautious on the stock's risk and execution profile.Analysis Article • May 23
Here's Why We Think Ultrapar Participações (BVMF:UGPA3) Is Well Worth Watching
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Recent updates
Narrative Update • Jun 01
UGPA3: Government Fuel Measures Will Support Re Rating Potential
Analysts have raised their price target for Ultrapar Participações to R$32.18 from R$27.34, citing updated assumptions on fair value, profit margins and P/E, along with mixed but more balanced recent research that includes a price target increase, a downgrade and an upgrade to Hold. Analyst Commentary Recent research on Ultrapar Participações gives a mixed picture, with some analysts adjusting targets higher while others turn more cautious on the stock's risk and execution profile.Analysis Article • May 23
Here's Why We Think Ultrapar Participações (BVMF:UGPA3) Is Well Worth Watching
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Narrative Update • May 01
UGPA3: Policy Shifts And Sector Downgrades Will Likely Restrain Future Returns
Analysts have maintained the fair value estimate for Ultrapar Participações at R$25.00 while updating assumptions on discount rate, revenue trends, margin expectations, and future P/E, reflecting a mixed set of recent rating changes and sector views from the Street. Analyst Commentary Street research on Ultrapar Participações has been mixed, with recent moves clustering around downgrades and more cautious ratings, even as the published fair value estimate stands at R$25.00.Narrative Update • Apr 17
UGPA3: Policy Shifts And Execution Risks Will Likely Pressure Future Returns
Narrative Update Opening Analysts have trimmed their 12 month price target for Ultrapar Participações from R$25.00 to R$21.00, citing softer revenue growth assumptions, a lower profit margin outlook and a higher expected P/E multiple that together reflect a more cautious stance after recent rating changes across the Street. Analyst Commentary Recent Street research points to a more cautious tone around Ultrapar Participações, with several firms pulling back on their optimism even when adjusting ratings upward.Narrative Update • Apr 02
UGPA3: Policy Shifts And Execution Risks Will Likely Restrain Future Returns
The updated analyst price target for Ultrapar Participações has shifted from R$22.25 to R$25.00. Analysts point to revised assumptions on the discount rate, revenue growth, profit margins and future P/E, alongside recent sector research highlighting changing views on Brazilian fuel retailers.Narrative Update • Mar 19
UGPA3: Policy Shifts And Execution Risks Will Likely Cap Future Upside
Analysts have lifted their Ultrapar Participações price target from about R$18.66 to roughly R$22.25. This reflects updated views on Brazil's fuel tax changes and oil export policies that feed into revised assumptions for discount rates, margins and future P/E levels.
Narrative Update • Mar 05
UGPA3: Neutral Downgrade And Strategic Plan Review Will Support Future Upside
Analysts have trimmed their fair value estimate for Ultrapar Participações slightly to R$34.00, reflecting updated assumptions on discount rate, modestly different revenue growth and profit margin expectations, and a revised future P/E outlook following recent rating changes to Neutral from major research houses. Analyst Commentary Recent Street research on Ultrapar Participações has included a downgrade to Neutral from Goldman Sachs, which has fed into a more cautious stance in published fair value work.Narrative Update • Feb 19
UGPA3: Neutral Stance And Governance Framework Will Shape Future Earnings Re Rating
Analysts have raised their price target on Ultrapar Participações from R$25.16 to R$27.34, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E, even as some recent research has shifted to a more cautious Neutral stance. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price target as consistent with updated assumptions around discount rates and future P/E, which they view as better aligned with the company’s current risk profile.Analysis Article • Feb 07
Optimistic Investors Push Ultrapar Participações S.A. (BVMF:UGPA3) Shares Up 28% But Growth Is Lacking
Ultrapar Participações S.A. ( BVMF:UGPA3 ) shareholders would be excited to see that the share price has had a great...Narrative Update • Feb 04
UGPA3: Future Execution Risks May Undermine Upgraded Rating Optimism
Analysts have lifted their fair value estimate for Ultrapar Participações from R$17.05 to R$18.66, citing updated expectations for revenue growth, profit margins, and a lower future P/E multiple, along with recent Street research that includes an upgrade to Outperform with a R$30 price target. Analyst Commentary While the revised fair value estimate points to a more constructive stance on Ultrapar Participações, some research remains cautious and highlights areas where expectations could prove too optimistic.Narrative Update • Jan 21
UGPA3: Outperform Upgrade And Upcoming Board Decisions Will Drive Upside Potential
Analysts nudged their price target for Ultrapar Participações higher, with fair value moving from R$32.97 to R$33.48. This reflects updated views on the discount rate, revenue growth, profit margin and future P/E after recent research that included an upgrade to Outperform with a R$30 price target.Narrative Update • Jan 07
UGPA3: Outperform Upgrade And Long Term Plan Will Reshape Return Profile
Analysts have raised their price target on Ultrapar Participações from R$28.00 to about R$33.00, reflecting updated views on discount rates, profit margins, revenue growth and future P/E assumptions, along with a recent upgrade to Outperform by the Street. Analyst Commentary Bullish analysts are signaling a more constructive view on Ultrapar Participações, pointing to recent target revisions as a sign of growing confidence in how the company is priced and how it is executing its plans.Analysis Article • Dec 26
Do Ultrapar Participações' (BVMF:UGPA3) Earnings Warrant Your Attention?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Narrative Update • Dec 15
UGPA3: Improved Margins And Governance Will Support Future Earnings Re-Rating
Analysts have nudged their price target on Ultrapar Participações slightly higher to approximately R$25.16 from about R$25.13, citing a modestly stronger long term profit margin outlook that offsets softer revenue growth expectations and a somewhat higher discount rate, consistent with recent positive rating actions on the stock. Analyst Commentary Recent research updates reflect a more constructive stance on Ultrapar Participações, with the latest move including an upgrade to a more favorable rating and a higher fair value estimate around R$30 per share.Analysis Article • Dec 08
Ultrapar Participações S.A.'s (BVMF:UGPA3) Business Is Yet to Catch Up With Its Share Price
With a median price-to-earnings (or "P/E") ratio of close to 9x in Brazil, you could be forgiven for feeling...Narrative Update • Dec 01
UGPA3: Upgrades to Buy and Outperform Will Support Earnings Expansion
Ultrapar Participações’ analyst price target has recently increased. Analysts cite improved revenue growth projections and recent upgrades in stock ratings as key factors behind the move from R$26 to R$30.Narrative Update • Nov 17
UGPA3: Upgrades to Buy and Outperform Signal Confidence in Earnings Momentum
Ultrapar Participações received an increased analyst price target to R$25.13 from R$24.38. Analysts cited stronger revenue growth projections and recent outlook upgrades as key drivers for the revision.Narrative Update • Nov 03
UGPA3: Rising Profit Margins Will Drive Positive Outlook Amid Industry Shifts
Analysts have raised their price target for Ultrapar Participações from R$23.88 to R$24.38, citing improved profitability and a recent upgrade in outlook by the Street as supporting factors. Analyst Commentary Bullish Takeaways Bullish analysts highlight the recent upgrade of Ultrapar’s rating, which reflects rising confidence in the company’s execution and market positioning.Analysis Article • Oct 28
These 4 Measures Indicate That Ultrapar Participações (BVMF:UGPA3) Is Using Debt Extensively
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Narrative Update • Oct 20
Urban Demand And Regulation Will Shape Brazil Energy Amid Risks
Analysts have raised the fair value estimate for Ultrapar Participações from R$23.10 to R$23.88. This adjustment reflects a revised outlook that incorporates recent Street upgrades and adjusted growth expectations.Narrative Update • Sep 19
Urban Demand And Regulation Will Shape Brazil Energy Amid Risks
The upward revision in Ultrapar Participações' consensus Analyst Price Target to R$23.10 primarily reflects improved revenue growth forecasts, while profit margins remain stable. What's in the News Board is considering a new wording for internal bylaws on appointing the lead independent director and an amendment to the Corporate Risk Management Policy.Analysis Article • Sep 07
Subdued Growth No Barrier To Ultrapar Participações S.A. (BVMF:UGPA3) With Shares Advancing 29%
The Ultrapar Participações S.A. ( BVMF:UGPA3 ) share price has done very well over the last month, posting an excellent...Analysis Article • Aug 20
Solid Earnings May Not Tell The Whole Story For Ultrapar Participações (BVMF:UGPA3)
BOVESPA:UGPA3 1 Year Share Price vs Fair Value Explore Ultrapar Participações's Fair Values from the Community and...
New Narrative • Dec 24
Regulatory Reforms Boost Ipiranga's Prospects, Yet Rising Debt And Market Risks Threaten Profitability
Improved competitive dynamics and regulatory efforts may boost Ipiranga's margins and revenue growth.Shareholder Returns
| UGPA3 | BR Specialty Retail | BR Market | |
|---|---|---|---|
| 7D | -4.0% | -3.1% | -2.8% |
| 1Y | 48.9% | -3.2% | 11.1% |
Return vs Industry: UGPA3 exceeded the BR Specialty Retail industry which returned -3.2% over the past year.
Return vs Market: UGPA3 exceeded the BR Market which returned 11.1% over the past year.
Price Volatility
| UGPA3 volatility | |
|---|---|
| UGPA3 Average Weekly Movement | 4.1% |
| Specialty Retail Industry Average Movement | 6.9% |
| Market Average Movement | 4.8% |
| 10% most volatile stocks in BR Market | 7.9% |
| 10% least volatile stocks in BR Market | 1.9% |
Stable Share Price: UGPA3 has not had significant price volatility in the past 3 months compared to the BR market.
Volatility Over Time: UGPA3's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1937 | 11,481 | Rodrigo de Almeida Pizzinatto | www.ultra.com.br |
Ultrapar Participações S.A., through its subsidiaries, operates in the energy, mobility, and logistics infrastructure sectors in Brazil, the rest of Europe, the United States, Canada, other Latin American countries, Oceania, and internationally. It operates through Ultragaz, Ipiranga, Ultracargo, and Hidrovias segments. The company distributes and sells oil-related products, biofuels, gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and additive fuels under the Ipimax brand to carriers, resellers, and retailers; operates service stations under the Ipiranga brand and convenience stores under the AmPm brand; and produces and sells lubricants under the ICONIC brand.
Ultrapar Participações S.A. Fundamentals Summary
| UGPA3 fundamental statistics | |
|---|---|
| Market cap | R$26.38b |
| Earnings (TTM) | R$3.20b |
| Revenue (TTM) | R$145.79b |
8.2x
P/E Ratio0.2x
P/S RatioIs UGPA3 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| UGPA3 income statement (TTM) | |
|---|---|
| Revenue | R$145.79b |
| Cost of Revenue | R$135.40b |
| Gross Profit | R$10.39b |
| Other Expenses | R$7.19b |
| Earnings | R$3.20b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.00 |
| Gross Margin | 7.13% |
| Net Profit Margin | 2.20% |
| Debt/Equity Ratio | 105.0% |
How did UGPA3 perform over the long term?
See historical performance and comparisonDividends
5.3%
Current Dividend Yield43%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/09 01:47 |
| End of Day Share Price | 2026/06/08 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Ultrapar Participações S.A. is covered by 24 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Cobucci | BB Banco de Investimento S.A. |
| Leonardo Marcondes | BofA Global Research |
| Vicente Falanga Neto | Bradesco S.A. Corretora de Títulos e Valores Mobiliários |