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Ultrapar Participacoes (BUE:UGP) Cyclically Adjusted Price-to-FCF : 21.03 (As of Jun. 08, 2024)


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What is Ultrapar Participacoes Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Ultrapar Participacoes's current share price is ARS5755.00. Ultrapar Participacoes's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ARS273.67. Ultrapar Participacoes's Cyclically Adjusted Price-to-FCF for today is 21.03.

The historical rank and industry rank for Ultrapar Participacoes's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BUE:UGP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.39   Med: 18.64   Max: 37.68
Current: 17.41

During the past years, Ultrapar Participacoes's highest Cyclically Adjusted Price-to-FCF was 37.68. The lowest was 5.39. And the median was 18.64.

BUE:UGP's Cyclically Adjusted Price-to-FCF is ranked worse than
60.3% of 398 companies
in the Oil & Gas industry
Industry Median: 13.655 vs BUE:UGP: 17.41

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Ultrapar Participacoes's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ARS-136.889. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is ARS273.67 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ultrapar Participacoes Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ultrapar Participacoes's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ultrapar Participacoes Cyclically Adjusted Price-to-FCF Chart

Ultrapar Participacoes Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.75 11.31 13.14 11.42 20.31

Ultrapar Participacoes Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.90 16.79 15.10 20.31 22.37

Competitive Comparison of Ultrapar Participacoes's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Refining & Marketing subindustry, Ultrapar Participacoes's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ultrapar Participacoes's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ultrapar Participacoes's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Ultrapar Participacoes's Cyclically Adjusted Price-to-FCF falls into.



Ultrapar Participacoes Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Ultrapar Participacoes's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5755.00/273.67
=21.03

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ultrapar Participacoes's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Ultrapar Participacoes's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-136.889/159.3724*159.3724
=-136.889

Current CPI (Mar. 2024) = 159.3724.

Ultrapar Participacoes Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.531 91.838 0.921
201409 0.743 92.602 1.279
201412 1.970 94.194 3.333
201503 0.078 97.799 0.127
201506 0.139 100.006 0.222
201509 0.516 101.392 0.811
201512 3.441 104.247 5.261
201603 -1.692 106.979 -2.521
201606 0.886 108.851 1.297
201609 0.567 109.986 0.822
201612 2.131 110.802 3.065
201703 -0.092 111.869 -0.131
201706 0.797 112.115 1.133
201709 0.034 112.777 0.048
201712 -0.872 114.068 -1.218
201803 -1.319 114.868 -1.830
201806 1.088 117.038 1.482
201809 1.788 117.881 2.417
201812 9.509 118.340 12.806
201903 2.370 120.124 3.144
201906 3.967 120.977 5.226
201909 3.332 121.292 4.378
201912 5.175 123.436 6.682
202003 8.267 124.092 10.617
202006 3.677 123.557 4.743
202009 3.267 125.095 4.162
202012 4.359 129.012 5.385
202103 -1.572 131.660 -1.903
202106 14.519 133.871 17.285
202109 4.853 137.913 5.608
202112 4.593 141.992 5.155
202203 -27.411 146.537 -29.812
202206 2.340 149.784 2.490
202209 22.243 147.800 23.985
202212 33.346 150.207 35.381
202303 -32.009 153.352 -33.266
202306 29.685 154.519 30.617
202309 102.326 155.464 104.899
202312 81.001 157.148 82.148
202403 -136.889 159.372 -136.889

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Ultrapar Participacoes  (BUE:UGP) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Ultrapar Participacoes Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Ultrapar Participacoes's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Ultrapar Participacoes (BUE:UGP) Business Description

Industry
Address
Brigadeiro Luis Antonio Avenue, 1343, Sao Paulo, SP, BRA, 01317-910
Ultrapar Participacoes SA engages in the investment of its own capital in services, commercial, industrial activities, through the subscription or acquisition of shares of other companies. The Company has three business segments: gas distribution, fuel distribution and storage. The gas distribution segment (Ultragaz) distributes LPG to residential, commercial, and industrial consumers, especially in the South, Southeast, and Northeast regions of Brazil. The fuel distribution segment operates the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants and related activities throughout all the Brazilian territory. The storage segment operates liquid bulk terminals, especially in the Southeast and Northeast regions of Brazil.