Ultrapar Participacoes SA ADR (UGP) - Net Assets
Based on the latest financial reports, Ultrapar Participacoes SA ADR (UGP) has net assets worth $3.72 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.25 Billion) and total liabilities ($6.54 Billion). 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. Also explore how large is Ultrapar Participacoes SA ADR's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.72 Billion |
| % of Total Assets | 36.24% |
| Annual Growth Rate | 9.95% |
| 5-Year Change | 74.5% |
| 10-Year Change | 107.07% |
| Growth Volatility | 66.8 |
Ultrapar Participacoes SA ADR - Net Assets Trend (1999–2025)
This chart illustrates how Ultrapar Participacoes SA ADR's net assets have evolved over time, based on quarterly financial data. Check Ultrapar Participacoes SA ADR tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Ultrapar Participacoes SA ADR (1999–2025)
The table below shows the annual net assets of Ultrapar Participacoes SA ADR from 1999 to 2025. For live valuation and market cap data, see market cap of Ultrapar Participacoes SA ADR.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $17.72 Billion | +12.00% |
| 2024-12-31 | $15.82 Billion | +12.78% |
| 2023-12-31 | $14.03 Billion | +13.73% |
| 2022-12-31 | $12.34 Billion | +21.47% |
| 2021-12-31 | $10.16 Billion | +2.37% |
| 2020-12-31 | $9.92 Billion | +305.74% |
| 2019-12-31 | $2.44 Billion | -75.05% |
| 2018-12-31 | $9.80 Billion | +0.81% |
| 2017-12-31 | $9.72 Billion | +13.58% |
| 2016-12-31 | $8.56 Billion | +7.33% |
| 2015-12-31 | $7.97 Billion | +3.20% |
| 2014-12-31 | $7.73 Billion | +18.02% |
| 2013-12-31 | $6.55 Billion | +8.83% |
| 2012-12-31 | $6.02 Billion | +7.86% |
| 2011-12-31 | $5.58 Billion | +7.76% |
| 2010-12-31 | $5.18 Billion | -39.01% |
| 2009-12-31 | $8.49 Billion | +81.00% |
| 2008-12-31 | $4.69 Billion | +1.14% |
| 2007-12-31 | $4.64 Billion | +136.27% |
| 2006-12-31 | $1.96 Billion | +7.88% |
| 2005-12-31 | $1.82 Billion | +11.63% |
| 2004-12-31 | $1.63 Billion | +17.77% |
| 2003-12-31 | $1.38 Billion | +13.19% |
| 2002-12-31 | $1.22 Billion | -1.27% |
| 2001-12-31 | $1.24 Billion | -20.25% |
| 2000-12-31 | $1.55 Billion | +3.27% |
| 1999-12-31 | $1.50 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ultrapar Participacoes SA ADR'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 grown by 7582.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $8.43 Billion | 53.82% |
| Common Stock | $7.98 Billion | 50.98% |
| Other Comprehensive Income | $8.50 Billion | 54.27% |
| Total Equity | $15.66 Billion | 100.00% |
Ultrapar Participacoes SA ADR Competitors by Market Cap
The table below lists competitors of Ultrapar Participacoes SA ADR ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Coal Energy Company Limited
F:CVV
|
$5.60 Billion |
|
Hankook Tire Co.
KO:161390
|
$5.60 Billion |
|
Chewy Inc
NYSE:CHWY
|
$5.60 Billion |
|
IMCD NV
AS:IMCD
|
$5.60 Billion |
|
Hindustan Copper Limited
NSE:HINDCOPPER
|
$5.58 Billion |
|
Rigetti Computing Inc
NASDAQ:RGTI
|
$5.58 Billion |
|
KBC Ancora
BR:KBCA
|
$5.58 Billion |
|
TAL Education Group
NYSE:TAL
|
$5.57 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ultrapar Participacoes SA ADR's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 15,158,718,000 to 15,658,410,000, a change of 499,692,000 (3.3%).
- Net income of 2,453,853,000 contributed positively to equity growth.
- Dividend payments of 2,129,464,375 reduced retained earnings.
- Share repurchases of 261,710,169 reduced equity.
- Other comprehensive income increased equity by 8,171,334,000.
- Other factors decreased equity by 7,734,320,456.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.45 Billion | +15.67% |
| Dividends Paid | $2.13 Billion | -13.6% |
| Share Repurchases | $261.71 Million | -1.67% |
| Other Comprehensive Income | $8.17 Billion | +52.18% |
| Other Changes | $-7.73 Billion | -49.39% |
| Total Change | $- | 3.30% |
Book Value vs Market Value Analysis
This analysis compares Ultrapar Participacoes SA ADR'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: 0.40x
- 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 2.86x to 0.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $2.00 | $5.73 | x |
| 2000-12-31 | $2.14 | $5.73 | x |
| 2001-12-31 | $1.64 | $5.73 | x |
| 2002-12-31 | $2.11 | $5.73 | x |
| 2003-12-31 | $2.11 | $5.73 | x |
| 2004-12-31 | $2.50 | $5.73 | x |
| 2005-12-31 | $2.79 | $5.73 | x |
| 2006-12-31 | $2.96 | $5.73 | x |
| 2007-12-31 | $6.73 | $5.73 | x |
| 2008-12-31 | $4.33 | $5.73 | x |
| 2009-12-31 | $7.75 | $5.73 | x |
| 2010-12-31 | $4.81 | $5.73 | x |
| 2011-12-31 | $2.35 | $5.73 | x |
| 2012-12-31 | $2.53 | $5.73 | x |
| 2013-12-31 | $2.76 | $5.73 | x |
| 2014-12-31 | $7.00 | $5.73 | x |
| 2015-12-31 | $7.25 | $5.73 | x |
| 2016-12-31 | $7.84 | $5.73 | x |
| 2017-12-31 | $8.59 | $5.73 | x |
| 2018-12-31 | $4.01 | $5.73 | x |
| 2019-12-31 | $1.00 | $5.73 | x |
| 2020-12-31 | $8.73 | $5.73 | x |
| 2021-12-31 | $9.24 | $5.73 | x |
| 2022-12-31 | $10.66 | $5.73 | x |
| 2023-12-31 | $12.22 | $5.73 | x |
| 2024-12-31 | $13.56 | $5.73 | x |
| 2025-12-31 | $14.30 | $5.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ultrapar Participacoes SA ADR 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): 15.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.72%
- • Asset Turnover: 2.83x
- • Equity Multiplier: 3.21x
- Recent ROE (15.67%) is above the historical average (14.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 6.19% | 3.55% | 0.77x | 2.28x | $-37.23 Million |
| 2000 | 3.73% | 1.99% | 0.87x | 2.17x | $-65.52 Million |
| 2001 | 16.57% | 5.79% | 1.17x | 2.44x | $52.48 Million |
| 2002 | 18.66% | 7.42% | 1.41x | 1.79x | $103.19 Million |
| 2003 | 18.16% | 6.16% | 1.66x | 1.77x | $110.28 Million |
| 2004 | 25.90% | 8.66% | 1.79x | 1.67x | $254.52 Million |
| 2005 | 16.71% | 6.37% | 1.28x | 2.06x | $120.12 Million |
| 2006 | 14.59% | 5.88% | 1.23x | 2.02x | $88.53 Million |
| 2007 | 3.95% | 0.91% | 2.14x | 2.02x | $-278.17 Million |
| 2008 | 8.39% | 1.38% | 2.92x | 2.08x | $-74.71 Million |
| 2009 | 9.66% | 1.29% | 3.26x | 2.30x | $-28.22 Million |
| 2010 | 14.85% | 1.80% | 3.27x | 2.52x | $249.97 Million |
| 2011 | 15.29% | 1.74% | 3.54x | 2.48x | $293.66 Million |
| 2012 | 16.88% | 1.88% | 3.52x | 2.55x | $411.98 Million |
| 2013 | 18.79% | 2.01% | 3.72x | 2.51x | $573.10 Million |
| 2014 | 16.13% | 1.83% | 3.48x | 2.53x | $471.76 Million |
| 2015 | 18.92% | 1.99% | 3.61x | 2.64x | $708.96 Million |
| 2016 | 18.25% | 2.02% | 3.20x | 2.82x | $705.75 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 | 15.89% | 0.45% | 10.56x | 3.34x | $138.40 Million |
| 2020 | 9.36% | 1.21% | 2.01x | 3.87x | $-60.93 Million |
| 2021 | 8.39% | 0.78% | 2.81x | 3.85x | $-163.16 Million |
| 2022 | 15.38% | 1.25% | 3.87x | 3.17x | $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 |
| 2025 | 15.67% | 1.72% | 2.83x | 3.21x | $888.01 Million |
Industry Comparison
This section compares Ultrapar Participacoes SA ADR'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: $5,243,466,300
- Average return on equity (ROE) among peers: -414.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ultrapar Participacoes SA ADR (UGP) | $3.72 Billion | 6.19% | 1.76x | $5.59 Billion |
| ARKO Petroleum Corp. (APC) | $20.63 Billion | 11.59% | 1.55x | $249.39 Million |
| Crossamerica Partners LP (CAPL) | $14.54 Million | -24.71% | 20.71x | $809.63 Million |
| Clean Energy Fuels Corp (CLNE) | $522.85 Million | -1.89% | 0.37x | $414.02 Million |
| Cosan SA ADR (CSAN) | $28.87 Billion | 21.86% | 2.39x | $3.96 Billion |
| CVR Energy Inc (CVI) | $791.00 Million | 58.53% | 4.21x | $2.89 Billion |
| HF Sinclair Corp (DINO) | $114.30 Million | 13.30% | 2.06x | $13.13 Billion |
| Delek US Energy Inc (DK) | $1.13 Billion | -54.34% | 4.45x | $2.82 Billion |
| Delek Logistics Partners LP (DKL) | $62.04 Million | 77.09% | 3.43x | $2.74 Billion |
| Delixy Holdings Limited Ordinary Shares (DLXY) | $105.00K | -4250.48% | 236.03x | $2.70 Million |
| Icahn Enterprises LP (IEP) | $305.70 Million | 8.70% | 0.75x | $4.48 Billion |
About Ultrapar Participacoes SA ADR
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, e… Read more