Ultrapar Participações S.A
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
Ultrapar Participações S.A (UGPA3) - Net Assets
Latest net assets as of September 2025: R$18.67 Billion BRL
Based on the latest financial reports, Ultrapar Participações S.A (UGPA3) has net assets worth R$18.67 Billion BRL as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$45.56 Billion) and total liabilities (R$26.90 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$18.67 Billion |
| % of Total Assets | 40.97% |
| Annual Growth Rate | 9.87% |
| 5-Year Change | 59.67% |
| 10-Year Change | 98.43% |
| Growth Volatility | 31.54 |
Ultrapar Participações S.A - Net Assets Trend (1999–2024)
This chart illustrates how Ultrapar Participações S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ultrapar Participações S.A (1999–2024)
The table below shows the annual net assets of Ultrapar Participações S.A from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$15.82 Billion | +12.78% |
| 2023-12-31 | R$14.03 Billion | +15.24% |
| 2022-12-31 | R$12.17 Billion | +16.29% |
| 2021-12-31 | R$10.47 Billion | +5.64% |
| 2020-12-31 | R$9.91 Billion | +0.76% |
| 2019-12-31 | R$9.84 Billion | +0.36% |
| 2018-12-31 | R$9.80 Billion | +0.81% |
| 2017-12-31 | R$9.72 Billion | +13.58% |
| 2016-12-31 | R$8.56 Billion | +7.33% |
| 2015-12-31 | R$7.97 Billion | +3.20% |
| 2014-12-31 | R$7.73 Billion | +18.02% |
| 2013-12-31 | R$6.55 Billion | +8.83% |
| 2012-12-31 | R$6.02 Billion | +7.86% |
| 2011-12-31 | R$5.58 Billion | +7.76% |
| 2010-12-31 | R$5.18 Billion | -39.01% |
| 2009-12-31 | R$8.49 Billion | +81.00% |
| 2008-12-31 | R$4.69 Billion | +1.14% |
| 2007-12-31 | R$4.64 Billion | +136.27% |
| 2006-12-31 | R$1.96 Billion | +7.88% |
| 2005-12-31 | R$1.82 Billion | +11.63% |
| 2004-12-31 | R$1.63 Billion | +17.77% |
| 2003-12-31 | R$1.38 Billion | +13.19% |
| 2002-12-31 | R$1.22 Billion | -1.27% |
| 2001-12-31 | R$1.24 Billion | -20.25% |
| 2000-12-31 | R$1.55 Billion | +3.27% |
| 1999-12-31 | R$1.50 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 grown by 7370.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$8.20 Billion | 54.06% |
| Common Stock | R$6.62 Billion | 43.68% |
| Other Comprehensive Income | R$326.10 Million | 2.15% |
| Other Components | R$15.65 Million | 0.10% |
| Total Equity | R$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 |
|---|---|
|
Husqvarna AB
PINK:HSQVY
|
$2.92 Billion |
|
Avient Corp
NYSE:AVNT
|
$2.92 Billion |
|
Getinge AB ser. B
ST:GETI-B
|
$2.92 Billion |
|
Griffon Corporation
NYSE:GFF
|
$2.92 Billion |
|
IGO Ltd
AU:IGO
|
$2.91 Billion |
|
Chandra Asri Petrochemical Tbk
JK:TPIA
|
$2.91 Billion |
|
INFICON Holding AG
PINK:IFCNF
|
$2.91 Billion |
|
JGC Corp
PINK:JGCCY
|
$2.91 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 comprehensive income decreased equity by 6,819,200,000.
- Other factors increased equity by 7,091,286,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$2.36 Billion | +15.59% |
| Dividends Paid | R$833.66 Million | -5.5% |
| Share Repurchases | R$148.94 Million | -0.98% |
| Other Comprehensive Income | R$-6.82 Billion | -44.99% |
| Other Changes | R$7.09 Billion | +46.78% |
| Total Change | R$- | 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: 1.93x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 13.04x to 1.93x 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 | R$2.00 | R$26.12 | x |
| 2000-12-31 | R$2.14 | R$26.12 | x |
| 2001-12-31 | R$1.64 | R$26.12 | x |
| 2002-12-31 | R$2.11 | R$26.12 | x |
| 2003-12-31 | R$2.11 | R$26.12 | x |
| 2004-12-31 | R$2.50 | R$26.12 | x |
| 2005-12-31 | R$2.79 | R$26.12 | x |
| 2006-12-31 | R$2.96 | R$26.12 | x |
| 2007-12-31 | R$6.73 | R$26.12 | x |
| 2008-12-31 | R$4.33 | R$26.12 | x |
| 2009-12-31 | R$7.75 | R$26.12 | x |
| 2010-12-31 | R$4.81 | R$26.12 | x |
| 2011-12-31 | R$2.35 | R$26.12 | x |
| 2012-12-31 | R$2.53 | R$26.12 | x |
| 2013-12-31 | R$2.76 | R$26.12 | x |
| 2014-12-31 | R$7.00 | R$26.12 | x |
| 2015-12-31 | R$7.25 | R$26.12 | x |
| 2016-12-31 | R$3.53 | R$26.12 | x |
| 2017-12-31 | R$8.59 | R$26.12 | x |
| 2018-12-31 | R$4.01 | R$26.12 | x |
| 2019-12-31 | R$4.01 | R$26.12 | x |
| 2020-12-31 | R$8.70 | R$26.12 | x |
| 2021-12-31 | R$9.18 | R$26.12 | x |
| 2022-12-31 | R$10.66 | R$26.12 | x |
| 2023-12-31 | R$12.22 | R$26.12 | x |
| 2024-12-31 | R$13.56 | R$26.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ultrapar Participações S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.59%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.77%
- • Asset Turnover: 3.32x
- • Equity Multiplier: 2.65x
- Recent ROE (15.59%) is above the historical average (13.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 6.19% | 3.55% | 0.77x | 2.28x | R$-37.23 Million |
| 2000 | 3.73% | 1.99% | 0.87x | 2.17x | R$-65.52 Million |
| 2001 | 16.57% | 5.79% | 1.17x | 2.44x | R$52.48 Million |
| 2002 | 18.66% | 7.42% | 1.41x | 1.79x | R$103.19 Million |
| 2003 | 18.16% | 6.16% | 1.66x | 1.77x | R$110.28 Million |
| 2004 | 25.90% | 8.66% | 1.79x | 1.67x | R$254.52 Million |
| 2005 | 16.71% | 6.37% | 1.28x | 2.06x | R$120.12 Million |
| 2006 | 14.59% | 5.88% | 1.23x | 2.02x | R$88.53 Million |
| 2007 | 3.95% | 0.91% | 2.14x | 2.02x | R$-278.17 Million |
| 2008 | 8.39% | 1.38% | 2.92x | 2.08x | R$-74.71 Million |
| 2009 | 9.66% | 1.29% | 3.26x | 2.30x | R$-28.22 Million |
| 2010 | 14.85% | 1.80% | 3.27x | 2.52x | R$249.97 Million |
| 2011 | 15.29% | 1.74% | 3.54x | 2.48x | R$293.66 Million |
| 2012 | 16.88% | 1.88% | 3.52x | 2.55x | R$411.98 Million |
| 2013 | 18.79% | 2.01% | 3.72x | 2.51x | R$573.10 Million |
| 2014 | 16.13% | 1.83% | 3.48x | 2.53x | R$471.76 Million |
| 2015 | 18.92% | 1.99% | 3.61x | 2.64x | R$708.96 Million |
| 2016 | 18.31% | 2.02% | 3.20x | 2.83x | R$708.84 Million |
| 2017 | 16.78% | 1.97% | 2.82x | 3.02x | R$636.18 Million |
| 2018 | 12.18% | 1.27% | 2.97x | 3.23x | R$205.61 Million |
| 2019 | 3.95% | 0.42% | 2.86x | 3.30x | R$-572.30 Million |
| 2020 | 9.37% | 1.10% | 2.24x | 3.80x | R$-59.99 Million |
| 2021 | 8.45% | 0.78% | 2.81x | 3.88x | R$-156.23 Million |
| 2022 | 15.38% | 1.25% | 3.94x | 3.11x | R$629.96 Million |
| 2023 | 18.06% | 1.94% | 3.30x | 2.83x | R$1.09 Billion |
| 2024 | 15.59% | 1.77% | 3.32x | 2.65x | R$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: $1,879,544,000
- Average return on equity (ROE) among peers: -22.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ultrapar Participações S.A (UGPA3) | R$18.67 Billion | 6.19% | 1.44x | $2.91 Billion |
| Cosan S.A (CSAN3) | $3.70 Billion | -7.22% | 2.21x | $1.06 Billion |
| Refinaria de Petróleos de Manguinhos S.A (RPMG3) | $59.92 Million | -38.23% | 3.22x | $7.81 Million |