Ultrapar Participacoes S.A. (UGP) vs Valero Energy Corporation (VLO)

Ultrapar Participacoes S.A. and Valero Energy Corporation are both Oil & Gas Refining & Marketing companies. Valero Energy Corporation is the larger, with a market value of $127.9B against $8.2B — 15.6× the size. Ultrapar Participacoes S.A. trades at the lower P/E: 12.4× against 18.4×. Ultrapar Participacoes S.A. grew revenue faster over the last twelve months: 20.2% against 12.6%. Valero Energy Corporation has the higher net margin (5.17% vs 2.29%) and the higher return on invested capital (19.7% vs 15.3%). Both pay a dividend; Ultrapar Participacoes S.A. yields more (4.82% vs 1.06%). Across the 23 metrics below, Ultrapar Participacoes S.A. leads on 13 and Valero Energy Corporation on 10.

Valuation

Metric UGP VLO Oil & Gas Refining & Marketing median
P/E 12.38 18.45 16.35
P/S 0.29 0.94 0.44
P/B 2.11 4.63 2.05
Price to free cash flow 5.69 13.94 9.98
EV/EBITDA 5.48 10.14 8.04
EV/Sales 0.35 0.96 0.59
Earnings yield 8.08% 5.42% 5.71%
Free cash flow yield 17.58% 7.17% 9.13%

Profitability

Metric UGP VLO Oil & Gas Refining & Marketing median
Gross margin 8.44% 8.03% 12.22%
Operating margin 4.95% 7.18% 5.35%
Net margin 2.29% 5.17% 2.08%
Free cash flow margin 5.52% 6.73% 4.25%
Return on equity 18.40% 26.10% 11.39%
Return on assets 7.25% 11.61% 5.22%
Return on invested capital 15.25% 19.71% 11.54%

Growth

Metric UGP VLO Oil & Gas Refining & Marketing median
Revenue growth (TTM) 20.23% 12.62% 13.37%
EPS growth (last fiscal year) (25.64%) (11.77%) 31.15%
Revenue growth, 5-year CAGR 10.10% 13.58% 12.77%
Net income growth, 5-year CAGR 20.45% 0.00% 0.00%

Health

Metric UGP VLO Oil & Gas Refining & Marketing median
Debt to equity 0.96 0.40 0.44
Current ratio 1.64 1.64 1.32
Net debt to EBITDA 2.02 0.94 2.07

Dividend

Metric UGP VLO Oil & Gas Refining & Marketing median
Dividend yield 4.82% 1.06% 1.71%
Payout ratio 0.62 0.20 0.35

Size

Metric UGP VLO Oil & Gas Refining & Marketing median
Market cap 8.18b 127.86b 4.71b

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