Sunoco LP (SUN) vs Ultrapar Participacoes S.A. (UGP)

Sunoco LP and Ultrapar Participacoes S.A. are both Oil & Gas Refining & Marketing companies. Sunoco LP is the larger, with a market value of $9.9B against $8.2B — 1.2× the size. Ultrapar Participacoes S.A. trades at the lower P/E: 12.4× against 16.3×. Sunoco LP grew revenue faster over the last twelve months: 83.3% against 20.2%. Ultrapar Participacoes S.A. has the higher net margin (2.29% vs 1.57%) and the higher return on invested capital (15.3% vs 5.64%). Both pay a dividend; Sunoco LP yields more (5.21% vs 4.82%). Across the 23 metrics below, Ultrapar Participacoes S.A. leads on 17 and Sunoco LP on 6.

Valuation

Metric SUN UGP Oil & Gas Refining & Marketing median
P/E 16.28 12.38 16.35
P/S 0.26 0.29 0.44
P/B 1.48 2.11 2.05
Price to free cash flow 6.00 5.69 9.98
EV/EBITDA 7.89 5.48 8.04
EV/Sales 0.57 0.35 0.59
Earnings yield 6.14% 8.08% 5.71%
Free cash flow yield 16.66% 17.58% 9.13%

Profitability

Metric SUN UGP Oil & Gas Refining & Marketing median
Gross margin 11.93% 8.44% 12.22%
Operating margin 4.76% 4.95% 5.35%
Net margin 1.57% 2.29% 2.08%
Free cash flow margin 4.25% 5.52% 4.25%
Return on equity 11.39% 18.40% 11.39%
Return on assets 2.81% 7.25% 5.22%
Return on invested capital 5.64% 15.25% 11.54%

Growth

Metric SUN UGP Oil & Gas Refining & Marketing median
Revenue growth (TTM) 83.34% 20.23% 13.37%
EPS growth (last fiscal year) (62.00%) (25.64%) 31.15%
Revenue growth, 5-year CAGR 18.67% 10.10% 12.77%
Net income growth, 5-year CAGR 18.32% 20.45% 0.00%

Health

Metric SUN UGP Oil & Gas Refining & Marketing median
Debt to equity 1.59 0.96 0.44
Current ratio 1.29 1.64 1.32
Net debt to EBITDA 7.57 2.02 2.07

Dividend

Metric SUN UGP Oil & Gas Refining & Marketing median
Dividend yield 5.21% 4.82% 1.71%
Payout ratio 0.85 0.62 0.35

Size

Metric SUN UGP Oil & Gas Refining & Marketing median
Market cap 9.93b 8.18b 4.71b

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