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 $8.3B against $6.0B — 1.4× the size. PBF Energy Inc. trades at the lower P/E: 3.0× against 8.8×. PBF Energy Inc. grew revenue faster over the last twelve months: 31.5% against 20.2%. PBF Energy Inc. has the higher net margin (6.98% vs 2.29%) and the higher return on invested capital (30.9% vs 15.3%). Both pay a dividend; Ultrapar Participacoes S.A. yields more (6.75% vs 1.60%). Across the 23 metrics below, PBF Energy Inc. leads on 18 and Ultrapar Participacoes S.A. on 5.

Valuation

Metric PBF UGP Oil & Gas Refining & Marketing median
P/E 3.03 8.84 8.38
P/S 0.21 0.21 0.33
P/B 1.02 1.50 1.70
Price to free cash flow 3.15 4.06 5.86
EV/EBITDA 1.76 4.21 4.96
EV/Sales 0.20 0.27 0.46
Earnings yield 33.03% 11.31% 9.67%
Free cash flow yield 31.73% 24.61% 15.55%

Profitability

Metric PBF UGP Oil & Gas Refining & Marketing median
Gross margin 15.91% 8.44% 10.93%
Operating margin 9.78% 4.95% 7.14%
Net margin 6.98% 2.29% 2.70%
Free cash flow margin 6.76% 5.52% 6.17%
Return on equity 40.28% 18.40% 21.95%
Return on assets 17.92% 7.25% 5.76%
Return on invested capital 30.87% 15.25% 13.74%

Growth

Metric PBF UGP Oil & Gas Refining & Marketing median
Revenue growth (TTM) 31.51% 20.23% 26.02%
EPS growth (last fiscal year) 69.78% 2.90% 37.92%
Revenue growth, 5-year CAGR 14.18% 10.10% 13.17%
Net income growth, 5-year CAGR 0.00% 20.45% 0.00%

Health

Metric PBF UGP Oil & Gas Refining & Marketing median
Debt to equity 0.26 0.96 0.41
Current ratio 1.59 1.64 1.31
Net debt to EBITDA 2.71 2.02 2.07

Dividend

Metric PBF UGP Oil & Gas Refining & Marketing median
Dividend yield 1.60% 6.75% 2.20%
Payout ratio 0.05 0.62 0.25

Size

Metric PBF UGP Oil & Gas Refining & Marketing median
Market cap 8.29b 5.95b 3.91b

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