Ultrapar Participações S.A. (UGP)
Energy · NYQ
Price as at 1 Oct 2026, 03:14 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Ultrapar Participações S.A. trades at $7.32, which is 80% below the $13.20 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 34 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 10.9 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
UGP dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $0.193 | 1 |
| 2025 | $0.078 | 1 |
| 2024 | $0.125 | 2 |
| 2023 | $0.071 | 2 |
| 2022 | $0.113 | 2 |
| 2021 | $0.119 | 3 |
| 2020 | $0.055 | 1 |
| 2019 | $0.143 | 2 |
| 2018 | $0.214 | 2 |
| 2017 | $0.277 | 2 |
| 2016 | $0.227 | 2 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
UGP earnings and analyst estimates
Recommendation mix, 9 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Ultrapar Participações S.A.
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. It also engages in the distribution of bulk and bottled liquefied petroleum gas for the residential, condominium, trade, services, industrial, and agribusiness sectors; operation of a natural gas pipeline network; and provision of renewable electricity for businesses and households, as well as compressed natural gas and biomethane for corporate clients. In addition, the company operates liquid bulk storage terminals in logistics centers; waterway and multimodal infrastructure; and port operations. Further, the company offers logistics solutions for handling grains, ores, and fertilizers; automotive services through Jet Oil units; and loyalty programs under the Km de Vantagens (KMV) brand. It also exports its products and services. Ultrapar Participações S.A. was founded in 1937 and is headquartered in São Paulo, Brazil.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
UGP passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
9 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Marshall Wace, MARSHALL WACE, LLP$16.03M · 0.0% of book
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$11.23M · 0.0% of book
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$8.93M · 0.0% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$4.03M · 0.0% of book
- Steve Cohen, Point72 Asset Management, L.P.$3.07M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
UGP peers
The largest companies in the same industry (Oil & Gas Refining & Marketing), then in the same sector.
- VLO Valero Energy Corporation
- SUN Sunoco LP
- ALD.AX Ampol Limited
- IEP Icahn Enterprises L.P.
- DK Delek US Holdings, Inc.
- CVI CVR Energy, Inc.
- VEA.AX Viva Energy Group Limited
- CAPL CrossAmerica Partners LP
Every energy company we cover is on the Energy hub.
Common questions
Is Ultrapar Participações S.A. (UGP) undervalued?
Against our fair value estimate of $13.20, UGP at $7.32 is 80% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own UGP?
9 of the institutions we track reported a position in UGP in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is UGP's P/E ratio?
UGP trades at 10.9 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Ultrapar Participações S.A. (UGP) pay a dividend?
Yes. Ultrapar Participações S.A. yields 5.27% at the current share price. It has paid $0.193 per share over the trailing twelve months. It has paid a dividend in each of the last 26 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its UGP data?
Fundamentals for UGP come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 03:14 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for UGP, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.