WallStSmart

Delek Logistics Partners LP (DKL)vsUltrapar Participacoes SA ADR (UGP)

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Smart Verdict

WallStSmart Research — data-driven comparison

Ultrapar Participacoes SA ADR generates 13643% more annual revenue ($145.79B vs $1.06B). DKL leads profitability with a 16.0% profit margin vs 2.1%. DKL appears more attractively valued with a PEG of 0.77. UGP earns a higher WallStSmart Score of 65/100 (B-).

DKL

Buy

56

out of 100

Grade: C

Growth: 4.0Profit: 7.5Value: 6.0Quality: 4.8
Piotroski: 1/9

UGP

Strong Buy

65

out of 100

Grade: B-

Growth: 6.0Profit: 6.5Value: 7.7Quality: 6.5
Piotroski: 4/9Altman Z: 3.98
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

DKLSignificantly Overvalued (-20.9%)

Margin of Safety

-20.9%

Fair Value

$45.16

Current Price

$52.05

$6.89 premium

UndervaluedFair: $45.16Overvalued

Intrinsic value data unavailable for UGP.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

DKL5 strengths · Avg: 8.8/10
Return on EquityProfitability
43.9%10/10

Every $100 of equity generates 44 in profit

Debt/EquityHealth
-1.7210/10

Conservative balance sheet, low leverage

PEG RatioValuation
0.778/10

Growing faster than its price suggests

P/E RatioValuation
15.6x8/10

Attractively priced relative to earnings

Revenue GrowthGrowth
19.0%8/10

19.0% revenue growth

UGP6 strengths · Avg: 9.3/10
P/E RatioValuation
8.9x10/10

Attractively priced relative to earnings

Return on EquityProfitability
90.7%10/10

Every $100 of equity generates 91 in profit

EPS GrowthGrowth
167.4%10/10

Earnings expanding 167.4% YoY

Altman Z-ScoreHealth
3.9810/10

Safe zone — low bankruptcy risk

PEG RatioValuation
0.788/10

Growing faster than its price suggests

Price/BookValuation
1.7x8/10

Reasonable price relative to book value

Areas to Watch

DKL2 concerns · Avg: 2.5/10
Piotroski F-ScoreQuality
1/93/10

Weak financial health signals

EPS GrowthGrowth
-17.6%2/10

Earnings declined 17.6%

UGP3 concerns · Avg: 3.0/10
Profit MarginProfitability
2.1%3/10

2.1% margin — thin

Operating MarginProfitability
5.0%3/10

Operating margin of 5.0%

Debt/EquityHealth
1.283/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : DKL

The strongest argument for DKL centers on Return on Equity, Debt/Equity, PEG Ratio. Profitability is solid with margins at 16.0% and operating margin at 13.5%. Revenue growth of 19.0% demonstrates continued momentum.

Bull Case : UGP

The strongest argument for UGP centers on P/E Ratio, Return on Equity, EPS Growth. Revenue growth of 10.3% demonstrates continued momentum. PEG of 0.78 suggests the stock is reasonably priced for its growth.

Bear Case : DKL

The primary concerns for DKL are Piotroski F-Score, EPS Growth.

Bear Case : UGP

The primary concerns for UGP are Profit Margin, Operating Margin, Debt/Equity. Thin 2.1% margins leave little buffer for downturns.

Key Dynamics to Monitor

DKL profiles as a growth stock while UGP is a value play — different risk/reward profiles.

DKL carries more volatility with a beta of 0.47 — expect wider price swings.

DKL is growing revenue faster at 19.0% — sustainability is the question.

UGP generates stronger free cash flow (171M), providing more financial flexibility.

Bottom Line

UGP scores higher overall (65/100 vs 56/100) and 10.3% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Delek Logistics Partners LP

ENERGY · OIL & GAS REFINING & MARKETING · USA

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil and refined and intermediate products in the United States. The company is headquartered in Brentwood, Tennessee.

Ultrapar Participacoes SA ADR

ENERGY · OIL & GAS REFINING & MARKETING · USA

Ultrapar Participaes SA is engaged in the gas distribution, fuel distribution, chemical products, storage and pharmacy businesses mainly in Brazil, Mexico, Uruguay, Venezuela, other Latin American countries, the United States, Canada, the Far East, Europe and internationally. The company is headquartered in So Paulo, Brazil.

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