Ultrapar Participacoes (UGPA3.SA) Stock Price

Ultrapar Participacoes Price

B3·CLOSED
31.04BRL-0.24 (-0.77 %)
Market closed

Revenue has compounded at 19.6% per year over the past 19 years to 142.37 B BRL. Earnings per share have grown at 9.1% per year over the last 19 years. Ultrapar Participacoes's net margin stands at 1.7%, broadly stable from 0.8% several years earlier. Ultrapar Participacoes currently offers a dividend yield of about 5.64%. The payout ratio is around 78% of earnings. Analysts set a median price target of 28.56 BRL, implying 8.0% below the current price. Of 21 analysts, 16 rate the stock a buy — an overall Buy consensus. The stock trades about 83% above its 52-week low.

Ultrapar Participacoes stock price

Volume
Ex-Dividend
Details

Stock Price

ⓘ

How to Read This Chart

This chart tracks the historical stock price of Ultrapar Participacoes over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Ultrapar Participacoes stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Ultrapar Participacoes's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Ultrapar Participacoes Stock Price History
DateUltrapar Participacoes Price
8/10/202631.04 BRL
8/7/202631.28 BRL
8/6/202632.75 BRL
8/5/202632.36 BRL
8/4/202632.60 BRL
8/3/202633.10 BRL
7/31/202633.05 BRL
7/30/202632.92 BRL
7/29/202632.00 BRL
7/28/202632.45 BRL
7/27/202632.09 BRL
7/24/202632.71 BRL
7/23/202633.39 BRL
7/22/202632.83 BRL
7/21/202631.82 BRL
7/20/202631.70 BRL
7/17/202632.07 BRL
7/16/202631.99 BRL
7/15/202631.10 BRL
7/14/202630.11 BRL
7/13/202630.90 BRL
7/10/202630.71 BRL
7/9/202630.10 BRL
7/8/202628.65 BRL
7/7/202628.20 BRL
7/6/202627.94 BRL
7/3/202627.66 BRL
7/2/202626.60 BRL
7/1/202626.04 BRL
6/30/202626.06 BRL
6/29/202626.14 BRL
6/26/202625.60 BRL
6/25/202625.25 BRL
6/24/202625.32 BRL
6/23/202625.49 BRL
6/22/202625.22 BRL
6/19/202625.25 BRL
6/18/202624.61 BRL
6/17/202624.61 BRL
6/16/202623.70 BRL
6/15/202624.64 BRL
6/12/202624.94 BRL
6/11/202624.50 BRL
6/10/202625.17 BRL
6/9/202625.28 BRL
6/8/202624.68 BRL
6/5/202625.05 BRL
6/3/202625.14 BRL
6/2/202625.70 BRL
6/1/202625.41 BRL
5/29/202626.48 BRL
5/28/202627.24 BRL
5/27/202627.69 BRL
5/26/202627.99 BRL
5/25/202628.30 BRL
5/22/202628.77 BRL
5/21/202628.99 BRL
5/20/202628.90 BRL
5/19/202628.37 BRL
5/18/202629.28 BRL
5/15/202629.13 BRL
5/14/202629.55 BRL
5/13/202629.26 BRL
5/12/202630.08 BRL
5/11/202629.71 BRL
5/8/202630.16 BRL
5/7/202629.36 BRL
5/6/202629.79 BRL
5/5/202629.67 BRL
5/4/202629.93 BRL
4/30/202629.94 BRL
4/29/202629.12 BRL
4/28/202629.45 BRL
4/27/202629.15 BRL
4/24/202629.08 BRL
4/23/202628.94 BRL
4/22/202629.26 BRL
4/20/202629.87 BRL
4/17/202629.76 BRL
4/16/202630.38 BRL
4/15/202630.69 BRL
4/14/202630.14 BRL
4/13/202630.53 BRL
4/10/202630.43 BRL
4/9/202629.74 BRL
4/8/202628.98 BRL
4/7/202629.93 BRL
4/6/202629.30 BRL
4/2/202629.22 BRL
4/1/202629.27 BRL
3/31/202628.72 BRL
3/30/202628.34 BRL
3/27/202628.32 BRL
3/26/202628.54 BRL
3/25/202628.46 BRL
3/24/202627.86 BRL
3/23/202627.42 BRL
3/20/202626.16 BRL
3/19/202626.78 BRL
3/18/202626.22 BRL
3/17/202626.43 BRL
3/16/202625.94 BRL
3/13/202626.12 BRL
3/12/202626.05 BRL
3/11/202627.09 BRL
3/10/202626.95 BRL
3/9/202626.71 BRL
3/6/202626.43 BRL
3/5/202625.99 BRL
3/4/202625.86 BRL
3/3/202625.36 BRL
3/2/202625.91 BRL
2/27/202625.80 BRL
2/26/202626.70 BRL
2/25/202626.75 BRL
2/24/202627.63 BRL
2/23/202627.36 BRL
2/20/202627.78 BRL
2/19/202627.50 BRL
2/18/202627.16 BRL
2/13/202626.98 BRL
2/12/202627.11 BRL
2/11/202627.34 BRL
2/10/202626.85 BRL
2/9/202626.94 BRL
2/6/202626.67 BRL
2/5/202626.12 BRL
2/4/202625.99 BRL
2/3/202626.11 BRL
2/2/202625.87 BRL
1/30/202625.38 BRL
1/29/202625.30 BRL
1/28/202625.41 BRL
1/27/202624.98 BRL
1/26/202624.65 BRL
1/23/202624.55 BRL
1/22/202624.14 BRL
1/21/202623.50 BRL
1/20/202622.57 BRL
1/19/202621.96 BRL
1/16/202622.12 BRL
1/15/202622.26 BRL
1/14/202621.94 BRL
1/13/202621.55 BRL
1/12/202621.47 BRL
1/9/202621.32 BRL
1/8/202621.03 BRL
1/7/202620.83 BRL
1/6/202621.08 BRL
1/5/202621.10 BRL
1/2/202620.97 BRL
12/30/202520.90 BRL
12/29/202520.85 BRL
12/26/202520.86 BRL
12/23/202520.93 BRL
12/22/202520.44 BRL
12/19/202520.59 BRL
12/18/202520.34 BRL
12/17/202520.37 BRL
12/16/202520.56 BRL
12/15/202521.75 BRL
12/12/202521.50 BRL
12/11/202521.08 BRL
12/10/202520.76 BRL
12/9/202520.55 BRL
12/8/202520.75 BRL
12/5/202521.87 BRL
12/4/202523.47 BRL
12/3/202522.57 BRL
12/2/202522.31 BRL
12/1/202521.59 BRL
11/28/202521.99 BRL
11/27/202522.30 BRL
11/26/202522.05 BRL
11/25/202522.14 BRL
11/24/202522.01 BRL
11/21/202521.80 BRL
11/19/202522.25 BRL
11/18/202522.46 BRL
11/17/202521.97 BRL
11/14/202522.39 BRL
11/13/202521.75 BRL
11/12/202522.84 BRL
11/11/202523.05 BRL
11/10/202522.59 BRL
11/7/202522.41 BRL
11/6/202522.12 BRL
11/5/202522.10 BRL
11/4/202521.40 BRL
11/3/202521.39 BRL
10/31/202521.41 BRL
10/30/202521.25 BRL
10/29/202520.75 BRL
10/28/202521.01 BRL
10/27/202521.14 BRL
10/24/202521.18 BRL
10/23/202520.74 BRL
10/22/202520.40 BRL
10/21/202520.63 BRL
10/20/202520.90 BRL
10/17/202521.07 BRL
10/16/202521.08 BRL
10/15/202521.35 BRL
10/14/202521.10 BRL
10/13/202521.41 BRL
10/10/202521.25 BRL
10/9/202521.69 BRL
10/8/202521.70 BRL
10/7/202520.56 BRL
10/6/202520.78 BRL
10/3/202520.97 BRL
10/2/202521.20 BRL
10/1/202521.21 BRL
9/30/202521.97 BRL
9/29/202521.75 BRL
9/26/202521.24 BRL
9/25/202521.40 BRL
9/24/202521.27 BRL
9/23/202521.35 BRL
9/22/202520.91 BRL
9/19/202520.87 BRL
9/18/202521.26 BRL
9/17/202520.98 BRL
9/16/202520.93 BRL
9/15/202520.83 BRL
9/12/202520.71 BRL
9/11/202520.54 BRL
9/10/202520.53 BRL
9/9/202520.32 BRL
9/8/202520.80 BRL
9/5/202521.04 BRL
9/4/202519.74 BRL
9/3/202519.67 BRL
9/2/202519.66 BRL
9/1/202519.76 BRL
8/29/202519.66 BRL
8/28/202519.94 BRL
8/27/202518.45 BRL
8/26/202518.14 BRL
8/25/202517.91 BRL
8/22/202517.99 BRL
8/21/202517.80 BRL
8/20/202518.01 BRL
8/19/202517.26 BRL
8/18/202517.86 BRL
8/15/202517.59 BRL
8/14/202517.64 BRL
8/13/202516.96 BRL
8/12/202517.11 BRL
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Ultrapar Participacoes Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

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  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
126.05 B BRL
4.57 B BRL
2.44 B BRL
Jan 1, 2024
133.50 B BRL
5.32 B BRL
2.36 B BRL
Jan 1, 2025
142.37 B BRL
4.59 B BRL
2.45 B BRL
Jan 1, 2026 (e)
153.49 B BRL
4.78 B BRL
3.49 B BRL
Jan 1, 2027 (e)
151.11 B BRL
4.70 B BRL
3.16 B BRL
Jan 1, 2028 (e)
153.23 B BRL
4.77 B BRL
3.74 B BRL
Jan 1, 2029 (e)
161.45 B BRL
5.03 B BRL
4.08 B BRL
Jan 1, 2030 (e)
169.57 B BRL
5.28 B BRL
4.20 B BRL

Ultrapar Participacoes Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 12, 2026, 10:33 AM
 
REVENUEB BRL
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB BRL
EBITB BRL
EBIT MARGIN%
NET INCOMEB BRL
NET INCOME GROWTH%
DIV.BRL
DIV. GROWTH%
SHARESB
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
75.6677.3580.0190.7089.3081.24109.73143.64126.05133.50142.37153.49151.11153.23161.45169.57
11.692.243.4313.36-1.54-9.0235.0730.89-12.245.916.647.81-1.551.405.365.03
8.889.069.096.796.846.914.475.127.397.266.576.576.576.576.576.57
6.727.017.276.166.115.614.907.369.329.699.3610.099.9310.0710.6111.15
2.963.112.871.901.401.811.793.764.575.324.594.784.704.775.035.28
3.914.013.582.091.572.231.632.613.623.983.223.113.113.113.113.11
1.501.561.571.150.370.890.851.802.442.362.453.493.163.744.084.20
21.113.860.83-26.94-67.57139.41-4.82111.7635.50-3.163.8542.27-9.4318.259.152.92
1.511.601.721.460.900.48––––––––––
6.345.967.50-15.12-38.36-46.67––––––––––
1.091.091.092.132.361.091.091.101.111.121.091.091.091.091.091.09
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Ultrapar Participacoes generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Ultrapar Participacoes retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Ultrapar Participacoes's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Ultrapar Participacoes has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Ultrapar Participacoes's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Ultrapar Participacoes stock margins

The Ultrapar Participacoes margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Ultrapar Participacoes. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Ultrapar Participacoes.

  • 3 Years

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  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
4.47 %
1.63 %
0.78 %
Jan 1, 2022
5.12 %
2.62 %
1.25 %
Jan 1, 2023
7.39 %
3.62 %
1.94 %
Jan 1, 2024
7.26 %
3.98 %
1.77 %
Jan 1, 2025
6.57 %
3.23 %
1.72 %
Jan 1, 2026 (e)
6.57 %
3.11 %
2.27 %
Jan 1, 2027 (e)
6.57 %
3.11 %
2.09 %
Jan 1, 2028 (e)
6.57 %
3.11 %
2.44 %

Ultrapar Participacoes Stock Revenue, EBIT, Earnings per Share

The Ultrapar Participacoes earnings per share therefore indicates how much revenue Ultrapar Participacoes has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

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  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
100.59 BRL
1.64 BRL
0.78 BRL
Jan 1, 2022
130.54 BRL
3.41 BRL
1.64 BRL
Jan 1, 2023
114.00 BRL
4.13 BRL
2.21 BRL
Jan 1, 2024
119.34 BRL
4.75 BRL
2.11 BRL
Jan 1, 2025
130.94 BRL
4.22 BRL
2.26 BRL
Jan 1, 2026 (e)
140.16 BRL
4.39 BRL
3.19 BRL
Jan 1, 2027 (e)
137.99 BRL
4.33 BRL
2.89 BRL
Jan 1, 2028 (e)
139.92 BRL
4.39 BRL
3.41 BRL

Ultrapar Participacoes business model & stock analysis

Ultrapar Participacoes SA is a Brazilian conglomerate specializing in various business fields. It was founded in 1937 as a small company called Companhia Brasileira de Petróleo Ipiranga. Over the years, Ultrapar has grown steadily and expanded its portfolio to include other business sectors. Ultrapar's business model consists of four independent divisions. The first division is the downstream business, which focuses on oil refining and fuel distribution. The company is well-known under the brand name Ipiranga and operates a network of gas stations throughout Brazil. The second division is Ultragaz, specializing in the distribution of liquefied petroleum gas for commercial and residential customers. The third division produces specialty chemicals for various industries, such as cosmetics, paints, and coatings. Ultrapar collaborates with internationally renowned companies like BASF and Braskem in this division. The fourth division focuses on the storage and transportation of liquid goods, operating pipelines for the transport of oil and gas. Ultrapar is also active in other business fields, offering a range of products. In addition to the mentioned activities, the company distributes products for the construction and decoration industry and is also involved in real estate. The group employs over 14,000 people worldwide and generated a revenue of approximately 30 billion Brazilian Real in 2019. Ultrapar is a robust and profitable company, establishing itself as a leading provider in various business sectors. The company has also made several acquisitions in recent years to further strengthen its position in different markets. Despite serving many diverse business fields, Ultrapar is committed to environmental sustainability and promotes sustainable business practices. The company also operates a foundation focusing on education, health, and the environment, regularly supporting social projects in the communities where it operates. Overall, Ultrapar Participacoes SA is a diversified company active in various business fields, offering a wide range of products and services. With its long history, it is an important player in the Brazilian and international markets. Through its sustainable business practices and social engagement, Ultrapar is dedicated to a better future.

Ultrapar Participacoes SWOT Analysis

Strengths

1. Diversified Business Portfolio: Ultrapar Participacoes SA operates in various sectors including fuel distribution, specialty chemicals, storage tanks, and pharmacies, providing the company with a strong and resilient business model.

2. Strong Market Position: The company holds a leading position in the fuel distribution market in Brazil through its subsidiary, Ipiranga, benefiting from a wide distribution network and brand recognition.

3. Established Supply Chain: Ultrapar has built a robust supply chain that ensures efficient and reliable delivery of products to its customers, contributing to customer satisfaction and loyalty.

Weaknesses

1. Dependent on Brazilian Economy: As a primarily Brazil-based company, Ultrapar is exposed to the economic conditions of the country. Any economic downturn or instability in Brazil could negatively impact the company's financial performance.

2. High Dependency on Fuel Distribution: While fuel distribution is a significant part of Ultrapar's business, it also exposes the company to fluctuations in fuel prices and changes in government regulations related to the industry.

3. Limited International Presence: Ultrapar has limited operations outside of Brazil, which restricts its ability to diversify geographically and potentially limits growth opportunities.

Opportunities

1. Growing Brazilian Economy: With the potential for economic growth in Brazil, Ultrapar could benefit from increased consumer demand for its products and services.

2. Expansion into Renewable Energy: The company can explore opportunities to invest in renewable energy sources, such as biofuels or solar power, to align with sustainability trends and reduce environmental impact.

3. Acquisitions and Partnerships: Ultrapar can consider strategic acquisitions or partnerships to expand its market share, enter new markets, or diversify its product offerings.

Threats

1. Intense Competition: The industries Ultrapar operates in are highly competitive, with both domestic and international competitors. Increased competition could lead to pricing pressures and potential loss of market share.

2. Regulatory Changes: Changes in government regulations, particularly in the fuel distribution and specialty chemicals sectors, can significantly impact Ultrapar's operations and profitability.

3. Volatile Fuel Prices: Fluctuations in global fuel prices can have a direct impact on Ultrapar's revenue and profitability, making it susceptible to market volatility.

Ultrapar Participacoes Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Ultrapar Participacoes historical P/E ratio, EBIT multiple, and P/S ratio

Ultrapar Participacoes annual returns

Details

Annual Return

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What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Ultrapar Participacoes shares outstanding

The number of shares of Ultrapar Participacoes was 1.09 B in 2025. This indicates how many shares Ultrapar Participacoes is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

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  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
1.09 B Stocks
Jan 1, 2022
1.10 B Stocks
Jan 1, 2023
1.11 B Stocks
Jan 1, 2024
1.12 B Stocks
Jan 1, 2025
1.09 B Stocks
Jan 1, 2026 (e)
1.09 B Stocks
Jan 1, 2027 (e)
1.09 B Stocks
Jan 1, 2028 (e)
1.09 B Stocks

Ultrapar Participacoes stock splits

In Ultrapar Participacoes's history, there have been no stock splits.

Ultrapar Participacoes Dividend History

24 years of dividend payments · 2 consecutive increases

YearAnnual DividendYoY ChangePayments
20251.75BRL↑ 169.3%3×
Mar 7, 20250.45BRL↑ 80.1%1/3
Aug 22, 20250.30BRL↓ 33.4%2/3
Dec 8, 20251.00BRL↑ 233.3%3/3
20240.65BRL↑ 85.7%2×
20230.35BRL↓ 40.0%2×
20220.58BRL↓ 8.9%2×
20210.64BRL↑ 166.7%2×
20200.24BRL↓ 73.3%1×
20190.90BRL↓ 38.4%2×
20181.46BRL↓ 15.1%2×
20171.72BRL↑ 7.5%2×
20161.60BRL↑ 6.0%2×

Ultrapar Participacoes dividend history and estimates

In 2025, Ultrapar Participacoes paid a dividend amounting to 1.75 BRL. Dividend means that Ultrapar Participacoes distributes a portion of its profits to its owners.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2021 (e)
0.64 BRL
0.00 BRL
0.64 BRL
Jan 1, 2022 (e)
0.58 BRL
0.00 BRL
0.58 BRL
Jan 1, 2023 (e)
0.35 BRL
0.00 BRL
0.35 BRL
Jan 1, 2024 (e)
0.65 BRL
0.00 BRL
0.65 BRL
Jan 1, 2025 (e)
1.75 BRL
-1.75 BRL
1.75 BRL
Jan 1, 2026 (e)
0.00 BRL
0.00 BRL
0.00 BRL
Jan 1, 2027 (e)
0.00 BRL
0.00 BRL
0.00 BRL
Jan 1, 2028 (e)
0.00 BRL
0.00 BRL
0.00 BRL

Ultrapar Participacoes dividend payout ratio

In 2025, Ultrapar Participacoes had a payout ratio of 77.55%. The payout ratio indicates the percentage of the company's profits that Ultrapar Participacoes distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
82.09 %
Jan 1, 2022
35.61 %
Jan 1, 2023
15.86 %
Jan 1, 2024
30.77 %
Jan 1, 2025
77.55 %
Jan 1, 2026 (e)
0.00 %
Jan 1, 2027 (e)
0.00 %
Jan 1, 2028 (e)
0.00 %

Current Ultrapar Participacoes forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
6.67 %
Buy
76.19 % (16)
Hold
19.05 % (4)
Sell
4.76 % (1)
12M Price Target
28.56
Last Price
31.04
Currency
BRL
12M Return Potential
-7.99 %
LTM Return
0 %

Ultrapar Participacoes Analyst Rating Actions

DateFirmActionRatingReliability
9/12/2023
Goldman Sachs
Goldman Sachs
DowngradeBuyNeutral–
6/22/2023
HSBC
HSBC
DowngradeBuyHold–
5/29/2023
Goldman Sachs
Goldman Sachs
MaintainedBuy–
5/9/2023
Goldman Sachs
Goldman Sachs
MaintainedBuy–
8/23/2022
Goldman Sachs
Goldman Sachs
MaintainedBuy–
7/12/2022
Goldman Sachs
Goldman Sachs
MaintainedBuy–
12/13/2021
Santander
Santander
DowngradeBuyHold–
3/30/2020
B of A Securities
B of A Securities
UpgradeNeutralBuy70
1/16/2020
B of A Securities
B of A Securities
UpgradeUnderperformNeutral70
12/9/2019
Santander
Santander
UpgradeHoldBuy–

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Ultrapar Participacoes Earnings Calls

2025

Ultrapar Participacoes Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
5/1/20240.39BRL-31.54 BBRL-2024 Q1
2/13/20240.43BRL-33.22 BBRL-2023 Q4
8/1/20230.29BRL-33.26 BBRL-2023 Q2
5/9/20230.24BRL-34.24 BBRL-2023 Q1
2/21/20230.21BRL-32.77 BBRL-2022 Q4
11/29/20220.13BRL-37.95 BBRL-2022 Q3
8/3/20220.18BRL-38.30 BBRL-2022 Q2
5/11/20220.26BRL-33.87 BBRL-2022 Q1
2/23/20220.24BRL-35.57 BBRL-2021 Q4
11/3/20210.17BRL-29.86 BBRL-2021 Q3

EESG©

Eulerpool ESG Scorecard© for the Ultrapar Participacoes stock

77/100
74
Environment
87
Social
69
Governance
E

Environment

20
Scope 1 - Direct Emissions43,432.8
Scope 2 - Indirect emissions from purchased energy2,134.8
Scope 3 - Indirect emissions within the value chain64,387,420.7
Total CO₂ emissions45,567.6
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees33.1
Percentage of women in management—
Percentage of Asian employees31.4
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees10.6
Black Management Share—
Percentage of white employees56
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Ultrapar Participacoes shareholder structure

% Name
5.04168%
Squadra Investimentos - Gestão de Recursos Ltda.
Squadra Investimentos - Gestão de Recursos Ltda.
3.68192%
Guepardo Investimentos, Ltda.
Guepardo Investimentos, Ltda.
2.29589%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.45698%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
1.33520%
Santander Rio Asset Management G.F.C.I.S.A.
Santander Rio Asset Management G.F.C.I.S.A.
1.28722%
Wellington Management Company, LLP
Wellington Management Company, LLP
...

Ultrapar Participacoes Beneficial Ownership Filings (SEC 13D/G)

Free Float
59.2%
Float Shares
-
Shares Outstanding
-

Ultrapar Participacoes Executives and Management Board

14 members · avg. age 55 · 29 % women

Management

RP

Mr. Rodrigo de Almeida Pizzinatto (48)

Chief Executive Officer

–
JC

Mr. Jorge Marques De Toledo Camargo (71)

Independent Non-Executive Vice Chairman of the Board

–
AP

Mr. Alexandre Palhares (39)

Chief Financial Officer

–
MO

Ms. Manuella Campos De Oliveira (41)

Executive Officer

–
MM

Ms. Marina Moreira Mascarenhas (38)

Executive Officer

–
BS

Mr. Bernardo Sacic (51)

Executive Officer

–

Board of Directors

ML

Mr. Marcos Marinho Lutz (55)

Non-Executive Chairman of the Board · since 2021

–
PE

Mr. Peter Paul Lorenco Estermann (67)

Director

–
FA

Ms. Flavia Buarque De Almeida (57)

Independent Director

–
ML

Mr. Marcelo de Lima (63)

Independent Director

–
FN

Mr. Francisco De Sa Neto (59)

Independent Director

–
VN

Ms. Vania Lima Neves (59)

Independent Director

–

Frequently asked questions about Ultrapar Participacoes

The business model of Ultrapar Participacoes SA revolves around operating in five key segments: fuel distribution, specialty chemical distribution, liquid petroleum gas distribution, storage for liquid bulk, and pharmacies. Ultrapar is a leading company in the Brazilian market, focusing on value-added services and high-quality products. Through its Ipiranga network, it provides fuel distribution services, while its Oxiteno subsidiary specializes in the distribution of specialty chemicals. Additionally, Ultragaz is one of the largest distributors of liquid petroleum gas in Brazil, and Ultracargo operates storage facilities for liquid bulk. Lastly, the company operates a chain of pharmacies under the Ultralav brand. Ultrapar Participacoes SA provides diverse solutions, ensuring a strong presence in multiple sectors of the Brazilian economy.

Ultrapar Participacoes SA is primarily active in the industries of fuel distribution, LPG distribution, specialty chemicals, and storage for liquid bulk.

The main competitors of Ultrapar Participacoes SA in the market include Petrobras, Cosan, BR Distribuidora, and Raizen.

Ultrapar Participacoes SA, commonly known as Ultrapar, is a Brazilian company with a rich history and background. Founded in 1937, Ultrapar has grown to become a leading player in the energy, specialty chemicals, and retail sectors. Initially established as a fuel distributor, Ultrapar expanded its operations into other segments over the years. Today, it operates through its four main divisions: Ultragaz (liquefied petroleum gas distribution), Oxiteno (chemicals and specialty materials), Ultracargo (logistics and storage of liquid bulk), and Ipiranga (fuel distribution and convenience stores). Ultrapar has maintained a strong commitment to innovation, sustainability, and customer satisfaction, positioning itself as a trusted brand in the Brazilian market.

Ultrapar Participacoes SA has achieved several significant milestones. One notable milestone is its establishment in 1937, making it a company with a rich history of over 80 years. Another milestone is its listing on the São Paulo Stock Exchange (B3) in 1953, allowing investors to participate in its growth. Ultrapar Participacoes SA also expanded internationally, entering the United States market through its subsidiary Ultramar, which operates a network of gas stations. Additionally, the company's diversification strategy led to the creation of Ultragaz, which became Brazil's largest LPG distribution company. Overall, Ultrapar Participacoes SA's impressive history, stock market presence, international expansion, and diversification efforts reflect its noteworthy milestones.

Ultrapar Participacoes SA is primarily present in Brazil.

Ultrapar Participacoes SA represents values of integrity, accountability, and continuous improvement. The company emphasizes ethical behavior, transparency, and responsible corporate governance. Ultrapar aims to provide high-quality products and services while prioritizing customer satisfaction. With a focus on efficient and sustainable practices, the company strives to minimize its environmental impact. Ultrapar also prioritizes the well-being and safety of its employees and the communities it operates in. By fostering innovation and embracing new technologies, Ultrapar aims to create long-term value for its stakeholders and maintain its position as a leading company in the market.

Analysts currently set an average price target of 28.01 BRL for the Ultrapar Participacoes stock (median: 28.56 BRL), implying -9.8 % versus the latest price. The consensus is based on 21 analyst ratings.

Ultrapar Participacoes Analyst Price Targets 2026

21 analysts currently rate the Ultrapar Participacoes stock: 15 recommend buying, 5 holding and 1 selling. For 2026, analysts expect Ultrapar Participacoes to generate revenue of 153.49 B BRL and earnings per share of 3.21 BRL.

Ultrapar Participacoes Analyst Price Targets 2026

Converted at the current exchange rate, the Ultrapar Participacoes share trades at 5.25 EUR (31.04 BRL).

Ultrapar Participacoes SA is a Brazilian company that operates in various sectors. The company's main business areas are fuel distribution, chemicals, logistics, and retail. It is one of the largest companies in Brazil and distributes its products throughout South America. In the fuel distribution sector, the company is a major player in Brazil and distributes gasoline, diesel, and other fuels. The company operates several chains of gas stations, including Ipiranga, Ultragaz, and Oxiteno. These gas station chains also offer additional services such as workshops, car washes, and stores. The Ipiranga gas station chain is the largest of the company and has more than 7,000 gas stations throughout Brazil. The Ultragaz gas station chain specializes in the distribution of liquefied petroleum gas, which is widely used in Brazil. Ultrapar has one of the largest LPG gas station networks in Brazil and operates over 2,000 gas stations. Oxiteno, one of Ultrapar's subsidiaries, operates in the chemical sector and produces various specialty chemicals. The company specializes in the production of surfactants, emulsifiers, solvents, and specialty products such as biodegradable surfactants and beta-carotene. In the logistics sector, Ultrapar is one of the largest players in Brazil and operates a network of terminals and warehouses. The company also has business relationships with other companies to offer its logistics services. The logistics industry in Brazil has experienced strong growth in recent years as many companies outsource these services due to high costs and complex regulations. In the retail sector, Ultrapar operates convenience stores at its gas stations through the Ipiranga chain. These stores offer a range of products such as snacks, non-alcoholic beverages, gift items, and hygiene products. Ultrapar has strong growth potential in South America and plans to expand into new markets. The company also focuses on sustainability and invests in renewable energies and environmentally friendly technologies. The company is also committed to conducting its business activities in a socially responsible manner by considering the interests of its stakeholders. Overall, Ultrapar Participacoes SA is a highly versatile company that operates in various sectors and offers a range of products. The company has strong growth potential in South America and is committed to conducting its business in a responsible and sustainable manner.

The expected revenue of Ultrapar Participacoes is 153.49 B BRL. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Ultrapar Participacoes is 3.49 B BRL. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Ultrapar Participacoes is currently 9.67. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Ultrapar Participacoes stock.

The price-to-sales ratio (P/S) of Ultrapar Participacoes is currently 0.22. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Ultrapar Participacoes stock.

The Eulerpool Quality Score for Ultrapar Participacoes is 4/10.

The ISIN of Ultrapar Participacoes is BRUGPAACNOR8. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The ticker of Ultrapar Participacoes is UGPA3.SA. The ticker symbol is used to trade Ultrapar Participacoes shares on the stock exchange.

Over the past 12 months, Ultrapar Participacoes paid a dividend of 1.75 BRL . This corresponds to a dividend yield of about 5.64 %. For the coming 12 months, Ultrapar Participacoes is expected to pay a dividend of 0.00 BRL.

The current dividend yield of Ultrapar Participacoes is 5.64 %.

Ultrapar Participacoes pays a dividend, distributed in the months of , , , .

Ultrapar Participacoes paid dividends every year for the past 24 years.

For the upcoming 12 months, dividends amounting to 0.00 BRL are expected. This corresponds to a dividend yield of 0.00 %.

Ultrapar Participacoes is assigned to the 'Energy' sector.

To receive the latest dividend of Ultrapar Participacoes from amounting to 1 BRL, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Ultrapar Participacoes distributed 0.65 BRL as dividends.

The dividends of Ultrapar Participacoes are distributed in BRL.

All fundamentals and in-depth analysis of Ultrapar Participacoes

Our stock analysis for Ultrapar Participacoes stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Ultrapar Participacoes. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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