Update shared on 17 Nov 2025
Fair value Increased 3.08%Ultrapar Participações received an increased analyst price target to R$25.13 from R$24.38. Analysts cited stronger revenue growth projections and recent outlook upgrades as key drivers for the revision.
Analyst Commentary
Analysts have recently updated their views on Ultrapar Participações, reflecting shifts in confidence surrounding the company's outlook and valuation. The following summarizes the main points highlighted by recent research coverage:
Bullish Takeaways- Bullish analysts note that upgraded price targets reflect stronger-than-expected revenue growth and improving fundamentals for Ultrapar Participações.
- The company has received multiple rating upgrades, with improved recommendations based on robust operational execution and resilient cash flow generation.
- Forward-looking guidance and recent results support optimism for continued earnings momentum and margin expansion.
- Valuation has been revised upward. Some price targets are positioned well above previous levels, signifying increased confidence in long-term prospects.
- Some analysts remain cautious about the pace and sustainability of recent growth and warn that macroeconomic risks may temper future performance.
- Competitive pressures within Ultrapar's core markets could challenge the company's ability to sustain margin improvements over time.
- Execution risks associated with ongoing expansion and operational initiatives may impact the realization of bullish forecasts.
What's in the News
- The Board of Directors will meet on September 17, 2025, to review changes to the internal bylaws concerning the appointment of the lead independent director and to consider an amendment to the Corporate Risk Management Policy (Key Developments).
- An Analyst/Investor Day event is planned, providing updates and strategic insights to the investment community (Key Developments).
Valuation Changes
- The Fair Value Estimate has increased from R$24.38 to R$25.13, reflecting a modest upward revision.
- The Discount Rate has edged up slightly from 23.11% to 23.17%.
- The Revenue Growth projection has risen from 1.78% to 1.95%, indicating a more optimistic outlook.
- The Net Profit Margin forecast has remained steady at 1.77%.
- The Future P/E ratio has climbed from 17.76x to 18.43x, suggesting expectations for higher future earnings multiples.
Disclaimer
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