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B3 · BRL

UGPA3

Ultrapar Participacoes S.A.

R$37.65-1.83% (-R$0.70)
Day's range
R$37.60 – R$38.89
Day's volume
R$416.1M
52-week range
R$19.93 – R$40.22

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See how UGPA3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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UGPA3 in numbers

Market cap
R$42B
P/E
12.15
P/B
2.34
Dividend yield (12m)
5.31%
Net debt/EBITDA
2.00

The 12-month dividend yield of UGPA3 is 5.31%, above its 5-year average of 4.56%.

UGPA3 price history

10/01/202509/30/2026
Compare with

UGPA3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+90.55%+139.47%+224.60%
Volatility (annualized)37.58%34.45%32.67%
Largest drawdown-13.59%-44.57%-44.57%
Positive months9/1223/3638/60

How much did investing in UGPA3 return?

R$1,000.00 invested on 09/01/2021 would be worth R$3,246.03 today.

Value today in UGPA3
R$3,246.03
Return over the period
+224.60%
Return per year
+26.56%
In the Ibovespa
R$1,657.66

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

UGPA3 fundamentals

Valuation

  • P/E
    12.15
  • P/B
    2.34
  • EV/EBITDA
    6.57
  • EV/EBIT
    8.12
  • EV/Revenue
    0.39
  • P/EBIT
    5.65
  • P/S
    0.27
  • P/OCF
    4.04
  • P/FCF
    7.98
  • Earnings yield
    12.31%
  • PEG ratio
    0.67
  • Earnings per share
    R$3.10
  • Book value per share
    R$16.09

Debt

  • Net debt
    R$18.3B
  • Net debt/EBITDA
    2.00
  • Net debt/Equity
    0.92
  • Debt/Equity
    1.38
  • Current ratio
    1.64
  • Quick ratio
    1.26
  • Cash ratio
    0.65

Efficiency

  • Gross margin
    8.39%
  • EBITDA margin
    6.00%
  • Operating margin
    4.85%
  • Net margin
    2.36%
  • Asset turnover
    2.96

Profitability

  • ROE
    19.25%
  • ROA
    6.99%
  • ROIC
    13.26%
  • Payout
    64.55%

Growth

  • Revenue CAGR (5 years)
    9.70%
  • Earnings CAGR (5 years)
    34.26%
  • Revenue growth (year)
    6.64%
  • Earnings growth (year)
    3.86%
  • Revenue growth (quarter)
    10.94%
  • Earnings growth (quarter)
    18.61%

What is UGPA3's fair price?

Two classic value formulas, with today's numbers. The current price is R$37.65.

Graham's fair price
R$33.49
11.04% below the price

√(22.50 × R$3.10 × R$16.09)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
R$13.24
64.82% below the price

R$0.79 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

UGPA3's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20252024202320222021202020192018
P/E9.507.5012.127.8119.1613.6535.0423.71
P/B1.311.122.111.161.561.231.332.78
EV/EBITDA7.175.467.296.2313.809.9712.5315.70
Dividend yield8.37%4.09%1.32%4.62%4.38%2.19%7.67%11.91%
Earnings per shareR$2.20R$2.12R$2.19R$1.61R$0.76R$0.80R$0.34R$1.03
Book value per shareR$15.89R$14.18R$12.58R$10.92R$9.39R$8.89R$8.82R$8.81
ROE13.84%14.93%17.39%14.79%8.12%9.01%3.80%11.74%
ROIC8.65%9.81%12.29%10.81%4.61%3.91%2.44%4.84%
Gross margin6.57%7.26%7.39%5.12%4.47%6.91%6.84%6.79%
EBITDA margin4.61%4.61%4.54%3.04%2.45%3.74%2.72%2.97%
Net margin1.72%1.77%1.94%1.25%0.78%1.10%0.42%1.27%
Net debt/EBITDA3.622.582.133.017.735.957.155.59

UGPA3's financial statements

Line202520242023202220212020
Net revenueR$142.4BR$133.5BR$126BR$143.6BR$109.7BR$81.2B
Cost of revenue-R$133B-R$123.8B-R$116.7B-R$136.3B-R$104.8B-R$75.6B
Gross profitR$9.4BR$9.7BR$9.3BR$7.4BR$4.9BR$5.6B
EBITDAR$6.6BR$6.2BR$5.7BR$4.4BR$2.7BR$3B
EBITR$5BR$4.9BR$4.6BR$3.3BR$1.8BR$1.8B
Financial result-R$1.2B-R$931.9M-R$999.1M-R$1.5B-R$762.7M-R$269.4M
Income before taxR$3.8BR$4BR$3.6BR$1.9BR$1BR$1.5B
Income tax-R$1.1B-R$1.5B-R$1.1B-R$341.5M-R$188M-R$571.4M
Net incomeR$2.5BR$2.4BR$2.4BR$1.8BR$850.5MR$893.4M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

UGPA3 against its sector

The same indicators for the company's other shares and the sector's largest stocks.

StockP/EP/BDividend yield (12m)ROEMarket cap
UGPA3Ultrapar Participacoes12.152.345.31%19.25%R$42B
VBBR3VIBRA ENERGIA S.A.8.811.895.32%21.49%R$44.5B
RADL3RAIA DROGASIL S.A.23.984.422.42%18.41%R$32.2B
ASAI3SENDAS DISTRIBUIDORA S.A.15.342.330.95%15.21%R$14.8B
GMAT3GRUPO MATEUS S.A.7.201.050.98%14.52%R$11.7B
LREN3LOJAS RENNER S.A.7.821.137.93%14.41%R$11.7B

Does UGPA3 pay dividends?

Dividend yield per year

  • 9.96%2017
  • 11.91%2018
  • 7.67%2019
  • 2.19%2020
  • 4.38%2021
  • 4.62%2022
  • 1.32%2023
  • 4.09%2024
  • 8.37%2025
  • 2.66%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend08/24/202609/03/2026R$1.00
Dividend12/05/202512/16/2025R$1.00
Dividend08/21/202508/29/2025R$0.30
Dividend03/06/202503/14/2025R$0.45
Dividend08/15/202408/23/2024R$0.25
Dividend03/07/202403/15/2024R$0.40
Dividend08/17/202308/25/2023R$0.25
Dividend02/23/202303/03/2023R$0.10
Interest on equity05/23/202208/10/2022R$0.41
Dividend03/03/202203/11/2022R$0.17
Dividend08/19/202108/27/2021R$0.20
Dividend03/04/202103/12/2021R$0.44
See all 56 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend02/27/202003/06/2020R$0.24
Dividend08/22/201908/30/2019R$0.20
Dividend02/28/201903/13/2019R$0.70
Dividend08/09/201808/20/2018R$0.56
Dividend03/01/201803/12/2018R$0.90
Dividend08/16/201708/25/2017R$0.85
Dividend03/01/201703/10/2017R$0.87
Dividend08/17/201608/26/2016R$0.80
Dividend02/24/201603/04/2016R$0.80
Dividend08/12/201508/21/2015R$0.80
Dividend03/04/201503/12/2015R$0.71
Dividend08/13/201408/22/2014R$0.71
Dividend02/26/201403/12/2014R$0.71
Dividend08/07/201308/16/2013R$0.66
Dividend02/27/201303/08/2013R$0.66
Dividend08/08/201208/17/2012R$0.51
Dividend02/22/201203/02/2012R$0.51
Dividend08/17/201108/30/2011R$0.47
Dividend03/02/201103/17/2011R$0.47
Dividend08/18/201008/27/2010R$1.32
Dividend03/03/201003/12/2010R$1.19
Dividend08/19/200908/28/2009R$0.89
Dividend03/18/200904/02/2009R$0.89
Dividend08/13/200808/22/2008R$0.89
Dividend02/27/200803/07/2008R$1.78
Dividend02/21/200703/02/2007R$0.89
Dividend08/09/200608/17/2006R$0.89
Dividend02/22/200603/07/2006R$1.23
Dividend08/10/200508/22/2005R$0.70
Dividend02/23/200503/04/2005R$0.90
Dividend08/16/200408/30/2004R$1.33
Dividend02/20/200403/03/2004R$0.55
Dividend08/18/200308/29/2003R$0.46
Dividend02/24/200303/06/2003R$0.63
Dividend08/19/200209/03/2002R$0.37
Dividend03/08/200203/20/2002R$0.40
Interest on equity09/05/200109/28/2001R$0.57
Interest on equity12/28/200003/05/2001R$0.27
Dividend08/18/200009/28/2000R$0.30
Dividend03/09/200003/30/2000R$0.24
Dividend09/05/2001—R$0.62
Dividend09/05/2001—R$2.29
Dividend04/27/2001—R$0.19
Dividend04/27/2001—R$0.14
Splits, reverse splits and bonus shares
EventLast day to ownRatio
Split04/17/20192 for 1
Split02/17/20114 for 1
Reverse split08/22/20051 for 1000
Bonus shares02/10/200515.00% in shares

About Ultrapar Participacoes

Sector
Energia
Segment
Exploração, Refino e Distribuição
Listing segment
Novo Mercado
Tag along
100.00%
Free float
95.71%
Shares issued
1.12B common
Average daily trading
R$358.7M
Ibovespa weight
1.54%
Listed since
10/13/1999
CNPJ
33.256.439/0001-39

A Ultrapar Participações S.A., listada na B3 sob o ticker UGPA3, é uma holding brasileira com operações em distribuição de combustíveis, GLP, armazenagem de granéis líquidos e serviços de mobilidade. A companhia foi fundada em 1937 e construiu histórico de expansão por crescimento orgânico e aquisições. No portfólio, destacam-se os negócios de distribuição de combustíveis da Ipiranga, distribuição de GLP da Ultragaz e logística da Ultracargo, além de iniciativas em conveniência e energia. A atuação concentra-se na infraestrutura de suprimento e distribuição para varejo, clientes empresariais e cadeias industriais. A estratégia operacional combina escala, eficiência logística, capilaridade de rede e gestão de portfólio de ativos para sustentar geração de caixa recorrente. O grupo também vem ajustando sua composição de negócios para priorizar segmentos com maior retorno e sinergia operacional. No contexto competitivo brasileiro, a Ultrapar permanece entre os principais grupos privados de distribuição e infraestrutura energética, com presença nacional e papel relevante no abastecimento de combustíveis e GLP.

Investor website
ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
Ultra S.A. Participações25.06%0.00%25.06%
Parth Do Brasil Participações Ltda7.68%0.00%7.68%
BlackRock Inc.5.00%0.00%5.00%
Outros58.05%0.00%58.05%
Ações Tesouraria4.22%0.00%4.22%

Questions about UGPA3

How much is UGPA3 today?

UGPA3 is at R$37.65 (-1.83% on the day), last traded on 10/01/2026.

How much did UGPA3 pay in dividends in 2025?

UGPA3 paid R$1.75 per share in 2025, a dividend yield of 8.37%.

What are the P/E and P/B of UGPA3?

UGPA3 trades at a P/E of 12.15 and a P/B of 2.34.

How much did UGPA3 return in 12 months?

UGPA3 returned 90.55% in 12 months, with annualized volatility of 37.58% and a largest drawdown of -13.59%.

What sector is UGPA3 in?

Ultrapar Participacoes is in the Energia sector, Exploração, Refino e Distribuição segment.