Ultrapar Participações S.A., through its subsidiaries, operates in the energy, mobility, and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers. It also involved in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides Jet Oil lubricant services. …
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Competitive advantage assessment
Key strengths
ROIC Sustainably Above PeersROIC at 76.5th percentile exceeds peers and WACC, demonstrating superior capital allocation.
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.82), demonstrating pricing resilience across cycles.
Ultrapar Participacoes S.A. (Ne ranks #3 of 19
scored companies in Oil & Gas Refining & Marketing by moat score — the top 16%.
The widest moat in the group is Star Group L.P. (SGU)
at 81/100.
Moat scores for companies ranked near UGP in Oil & Gas Refining & Marketing
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 47
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 69
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 81
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 60
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 70
· 15% of the moat score
Scale matters only when it converts into economics.
What is Ultrapar Participacoes S.A. (Ne's moat score?
Ultrapar Participacoes S.A. (Ne (UGP) scores 67 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #3 of 19 scored companies in Oil & Gas Refining & Marketing, the top 16%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 18 companies in Oil & Gas Refining & Marketing. Its strongest defense is Capital Efficiency (81/100) and its weakest is Cost Advantage (47/100).
How does Ultrapar Participacoes S.A. (Ne compare with other Oil & Gas Refining & Marketing companies?
Ultrapar Participacoes S.A. (Ne ranks #3 of 19 scored companies in Oil & Gas Refining & Marketing by moat score. The widest moat in Oil & Gas Refining & Marketing is Star Group L.P. (SGU) at 81/100. The companies ranked closest are Par Pacific Holdings, Inc. Comm (PARR) at 74 just above it and Delek Logistics Partners, L.P. (DKL) at 62 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 18 companies in Oil & Gas Refining & Marketing. The defenses are then weighted to produce the overall score out of 100.
Why is Ultrapar Participacoes S.A. (Ne scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Ultrapar Participacoes S.A. (Ne?
The Corporate Default template measures 6 defenses, and UGP scores: Pricing Power (66), Cost Advantage (47), Customer Stickiness (69), Capital Efficiency (81), Resilience (60), Scale & Market Position (70). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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