Ultrapar Participações S.A. (ADR)

Factors to consider:

• Company pays dividends (semi-annually): last record date 2026-08-26, amount 0.20$ (Y5.13%)
• Total employees count: 11302 (+18.2%) as of 2025
• Current price 79.9% above estimated high
• Earnings for 15 months up through Q1 (+1 year) exceed our estimates

Stock Forecast*

* forecast is subjective and experimental, should not be used for any investment decisions

Long term estimates were made for the period from 2024-12-31 to 2026-12-31

• 2024-12-31 to 2025-12-31 estimated range: [1.89$, 4.26$]
• 2025-12-31 to 2026-12-31 estimated range: [1.97$, 4.33$]

Financial Metrics affecting the UGP estimates:

• Positive: with PPE of 7.3 at the end of fiscal year the price was low
• Positive: 0.56 < Operating profit margin, % of 3.80
• Positive: 15.29 < Operating cash flow per share per price, % of 20.63
• Positive: 9.52 < Industry operating cash flow per share per price (median), % of 10.62
• Positive: Industry inventory ratio change (median), % of -0.19 <= 0
• Positive: Interest expense per share per price, % of 7.56 <= 10.35
• Positive: 34.41 < Shareholder equity ratio, % of 38.32 <= 42.26
• Positive: 5.14 < Return on assets ratio (scaled to [-100,100]) of 6.00
• Positive: Inventory ratio change, % of -0.44 <= -0.37
• Positive: 0.59 < Industry operating profit margin (median), % of 0.68