HF Sinclair Corporation (DINO) vs Ultrapar Participacoes S.A. (UGP)

HF Sinclair Corporation and Ultrapar Participacoes S.A. are both Oil & Gas Refining & Marketing companies. HF Sinclair Corporation is the larger, with a market value of $18.8B against $8.0B — 2.4× the size. HF Sinclair Corporation trades at the lower P/E: 10.2× against 11.3×. Ultrapar Participacoes S.A. grew revenue faster over the last twelve months: 20.2% against 16.3%. HF Sinclair Corporation has the higher net margin (6.08% vs 2.29%) and the lower return on invested capital (14.9% vs 15.3%). Both pay a dividend; HF Sinclair Corporation yields more (3.04% vs 2.28%). Across the 23 metrics below, HF Sinclair Corporation leads on 15 and Ultrapar Participacoes S.A. on 8.

Valuation

Metric DINO UGP Oil & Gas Refining & Marketing median
P/E 10.19 11.25 15.04
P/S 0.61 0.26 0.41
P/B 1.85 1.91 1.87
Price to free cash flow 8.54 5.17 8.78
EV/EBITDA 5.72 5.08 7.94
EV/Sales 0.64 0.33 0.59
Earnings yield 9.81% 8.89% 6.15%
Free cash flow yield 11.71% 19.34% 10.47%

Profitability

Metric DINO UGP Oil & Gas Refining & Marketing median
Gross margin 20.08% 8.44% 12.22%
Operating margin 8.28% 4.95% 5.35%
Net margin 6.08% 2.29% 2.08%
Free cash flow margin 7.19% 5.52% 4.25%
Return on equity 19.29% 18.40% 11.39%
Return on assets 10.60% 7.25% 5.22%
Return on invested capital 14.88% 15.25% 11.54%

Growth

Metric DINO UGP Oil & Gas Refining & Marketing median
Revenue growth (TTM) 16.26% 20.23% 13.37%
EPS growth (last fiscal year) 238.46% (25.64%) —
Revenue growth, 5-year CAGR 19.16% 10.10% 12.77%
Net income growth, 5-year CAGR 0.00% 20.45% 0.00%

Health

Metric DINO UGP Oil & Gas Refining & Marketing median
Debt to equity 0.27 0.96 0.44
Current ratio 1.97 1.64 1.32
Net debt to EBITDA 0.98 2.02 2.07

Dividend

Metric DINO UGP Oil & Gas Refining & Marketing median
Dividend yield 3.04% 2.28% 3.64%
Payout ratio 0.14 0.07 0.14

Size

Metric DINO UGP Oil & Gas Refining & Marketing median
Market cap 18.81b 7.99b 4.12b

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