Ultrapar Participações S.A (UGR) - Net Assets

Latest as of September 2025: €18.67 Billion EUR ≈ $21.82 Billion USD

Based on the latest financial reports, Ultrapar Participações S.A (UGR) has net assets worth €18.67 Billion EUR (≈ $21.82 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€45.56 Billion ≈ $53.27 Billion USD) and total liabilities (€26.90 Billion ≈ $31.45 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check UGR cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets €18.67 Billion
% of Total Assets 40.97%
Annual Growth Rate 7.98%
5-Year Change 59.67%
10-Year Change N/A
Growth Volatility 6.55

Ultrapar Participações S.A - Net Assets Trend (2016–2024)

This chart illustrates how Ultrapar Participações S.A's net assets have evolved over time, based on quarterly financial data. Also explore Ultrapar Participações S.A balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Ultrapar Participações S.A (2016–2024)

The table below shows the annual net assets of Ultrapar Participações S.A from 2016 to 2024. For live valuation and market cap data, see Ultrapar Participações S.A stock valuation.

Year Net Assets Change
2024-12-31 €15.82 Billion
≈ $18.50 Billion		 +12.78%
2023-12-31 €14.03 Billion
≈ $16.40 Billion		 +15.24%
2022-12-31 €12.17 Billion
≈ $14.23 Billion		 +16.29%
2021-12-31 €10.47 Billion
≈ $12.24 Billion		 +5.64%
2020-12-31 €9.91 Billion
≈ $11.59 Billion		 +0.76%
2019-12-31 €9.84 Billion
≈ $11.50 Billion		 +0.36%
2018-12-31 €9.80 Billion
≈ $11.46 Billion		 +0.81%
2017-12-31 €9.72 Billion
≈ $11.36 Billion		 +13.58%
2016-12-31 €8.56 Billion
≈ $10.01 Billion		 --

Equity Component Analysis

This analysis shows how different components contribute to Ultrapar Participações S.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Other Components €15.16 Billion 100.00%
Total Equity €15.16 Billion 100.00%

Ultrapar Participações S.A Competitors by Market Cap

The table below lists competitors of Ultrapar Participações S.A ranked by their market capitalization.

Company Market Cap
Guangzhou Development Group Inc
SHG:600098
 $3.65 Billion
FIT Hon Teng Limited
F:0FJ
 $3.65 Billion
Shanghai Huace Navigation Technology Ltd
SHE:300627
 $3.65 Billion
AVIC Heavy Machinery Co Ltd
SHG:600765
 $3.65 Billion
Changzhou Fusion New Material Co. Ltd. A
SHG:688503
 $3.65 Billion
Poonawalla Fincorp Limited
NSE:POONAWALLA
 $3.65 Billion
Ningbo Ronbay New Energy Tech Ltd
SHG:688005
 $3.64 Billion
United Community Banks, Inc.
NYSE:UCB
 $3.64 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Ultrapar Participações S.A's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 13,506,495,000 to 15,158,718,000, a change of 1,652,223,000 (12.2%).
  • Net income of 2,362,740,000 contributed positively to equity growth.
  • Dividend payments of 833,658,000 reduced retained earnings.
  • Share repurchases of 148,945,000 reduced equity.
  • Other factors increased equity by 272,086,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income €2.36 Billion +15.59%
Dividends Paid €833.66 Million -5.5%
Share Repurchases €148.94 Million -0.98%
Other Changes €272.09 Million +1.79%
Total Change €- 12.23%

Book Value vs Market Value Analysis

This analysis compares Ultrapar Participações S.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 0.33x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
  • The price-to-book ratio has decreased from 0.55x to 0.33x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2017-12-31 €8.43 €4.66 x
2018-12-31 €8.70 €4.66 x
2019-12-31 €8.71 €4.66 x
2020-12-31 €8.76 €4.66 x
2021-12-31 €9.22 €4.66 x
2022-12-31 €10.75 €4.66 x
2023-12-31 €12.40 €4.66 x
2024-12-31 €14.01 €4.66 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ultrapar Participações S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 15.59%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.77%
  • • Asset Turnover: 3.37x
  • • Equity Multiplier: 2.61x
  • Recent ROE (15.59%) is above the historical average (13.12%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2016 18.31% 2.02% 3.20x 2.83x €708.82 Million
2017 16.78% 1.97% 2.82x 3.02x €636.18 Million
2018 12.18% 1.27% 2.97x 3.23x €205.61 Million
2019 3.95% 0.42% 2.86x 3.30x €-572.30 Million
2020 9.37% 1.10% 2.24x 3.80x €-59.99 Million
2021 8.45% 0.78% 2.81x 3.88x €-156.23 Million
2022 15.38% 1.25% 3.94x 3.11x €629.96 Million
2023 18.06% 1.94% 3.30x 2.83x €1.09 Billion
2024 15.59% 1.77% 3.37x 2.61x €846.87 Million

Industry Comparison

This section compares Ultrapar Participações S.A's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.

Industry Context

  • Industry: Oil & Gas Refining & Marketing
  • Average net assets among peers: $1,054,788,585,030
  • Average return on equity (ROE) among peers: 8.72%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Ultrapar Participações S.A (UGR) €18.67 Billion 18.31% 1.44x $3.65 Billion
BANGCHAK CORP. -FGN- BA 1 (7BP) $84.14 Billion 3.42% 2.55x $9.58K
PTT OIL+RET.BUS.-FOR-BA10 (7F8) $109.51 Billion 10.13% 1.01x $3.31K
PTT OIL+RET.BUS.-NVDR- 10 (7F80) $103.76 Billion 9.99% 1.17x $3.60 Billion
COSAN S.A. SP.ADR 1/4 (9CI0) $48.17 Billion 2.44% 1.79x $3.56 Billion
RUBIS (BYN) $2.76 Billion 12.80% 1.30x $3.64 Billion
Thai Oil Public Company Limited (LQZ) $158.66 Billion 20.59% 1.80x $13.95K
Reliance Industries Limited (RLI) $8.89 Trillion 6.83% 0.69x $203.33 Billion
Sinopec Shanghai Petrochemical Company Limited (SGJH) $20.14 Billion 16.12% 0.39x $515.87 Million
IRPC Public Company Limited (TPIG) $76.12 Billion -3.84% 1.53x $537.73

About Ultrapar Participações S.A

F:UGR Germany Oil & Gas Refining & Marketing
Market Cap
$5.82 Billion
€4.98 Billion EUR
Market Cap Rank
#4378 Global
#759 in Germany
Share Price
€4.66
Change (1 day)
-4.12%
52-Week Range
€2.34 - €4.86
All Time High
€8.77
Categories
Companies in Germany Oil & Gas Refining & Marketing
About

Ultrapar Participações S.A., through its subsidiaries, operates in the energy, mobility, and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers. It also involved in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience… Read more