PBF Energy Inc. (PBF) vs Ultrapar Participacoes S.A. (UGP)

PBF Energy Inc. and Ultrapar Participacoes S.A. are both Oil & Gas Refining & Marketing companies. PBF Energy Inc. is the larger, with a market value of $10.3B against $8.2B — 1.3× the size. PBF Energy Inc. trades at the lower P/E: 7.4× against 12.4×. Ultrapar Participacoes S.A. grew revenue faster over the last twelve months: 20.2% against 13.5%. PBF Energy Inc. has the higher net margin (3.94% vs 2.29%) and the higher return on invested capital (16.7% vs 15.3%). Both pay a dividend; Ultrapar Participacoes S.A. yields more (4.82% vs 1.30%). Across the 23 metrics below, PBF Energy Inc. leads on 14 and Ultrapar Participacoes S.A. on 9.

Valuation

Metric PBF UGP Oil & Gas Refining & Marketing median
P/E 7.36 12.38 16.35
P/S 0.29 0.29 0.44
P/B 1.53 2.11 2.05
Price to free cash flow 10.96 5.69 9.98
EV/EBITDA 4.32 5.48 8.04
EV/Sales 0.33 0.35 0.59
Earnings yield 13.59% 8.08% 5.71%
Free cash flow yield 9.13% 17.58% 9.13%

Profitability

Metric PBF UGP Oil & Gas Refining & Marketing median
Gross margin 11.56% 8.44% 12.22%
Operating margin 5.78% 4.95% 5.35%
Net margin 3.94% 2.29% 2.08%
Free cash flow margin 2.66% 5.52% 4.25%
Return on equity 23.01% 18.40% 11.39%
Return on assets 9.77% 7.25% 5.22%
Return on invested capital 16.73% 15.25% 11.54%

Growth

Metric PBF UGP Oil & Gas Refining & Marketing median
Revenue growth (TTM) 13.54% 20.23% 13.37%
EPS growth (last fiscal year) 69.78% (25.64%) 31.15%
Revenue growth, 5-year CAGR 14.18% 10.10% 12.77%
Net income growth, 5-year CAGR 0.00% 20.45% 0.00%

Health

Metric PBF UGP Oil & Gas Refining & Marketing median
Debt to equity 0.27 0.96 0.44
Current ratio 1.33 1.64 1.32
Net debt to EBITDA 2.71 2.02 2.07

Dividend

Metric PBF UGP Oil & Gas Refining & Marketing median
Dividend yield 1.30% 4.82% 1.71%
Payout ratio 0.10 0.62 0.35

Size

Metric PBF UGP Oil & Gas Refining & Marketing median
Market cap 10.31b 8.18b 4.71b

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