WallStSmart

Par Pacific Holdings Inc (PARR)vsUltrapar Participacoes SA ADR (UGP)

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Smart Verdict

WallStSmart Research — data-driven comparison

Ultrapar Participacoes SA ADR generates 1833% more annual revenue ($145.79B vs $7.54B). PARR leads profitability with a 6.0% profit margin vs 2.1%. PARR trades at a lower P/E of 6.5x. UGP earns a higher WallStSmart Score of 65/100 (B-).

PARR

Buy

62

out of 100

Grade: C+

Growth: 6.0Profit: 6.5Value: 7.7Quality: 6.5
Piotroski: 5/9Altman Z: 3.04

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

PARRUndervalued (+18.2%)

Margin of Safety

+18.2%

Fair Value

$51.86

Current Price

$55.66

$3.80 discount

UndervaluedFair: $51.86Overvalued

Intrinsic value data unavailable for UGP.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

PARR5 strengths · Avg: 9.4/10
P/E RatioValuation
6.5x10/10

Attractively priced relative to earnings

EPS GrowthGrowth
3869.0%10/10

Earnings expanding 3869.0% YoY

Altman Z-ScoreHealth
3.0410/10

Safe zone — low bankruptcy risk

Return on EquityProfitability
30.0%9/10

Every $100 of equity generates 30 in profit

Price/BookValuation
1.8x8/10

Reasonable price relative to book value

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

PARR4 concerns · Avg: 3.3/10
Revenue GrowthGrowth
4.5%4/10

4.5% revenue growth

Profit MarginProfitability
6.0%3/10

6.0% margin — thin

Operating MarginProfitability
3.3%3/10

Operating margin of 3.3%

Debt/EquityHealth
1.083/10

Elevated debt levels

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 : PARR

The strongest argument for PARR centers on P/E Ratio, EPS Growth, Altman Z-Score.

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 : PARR

The primary concerns for PARR are Revenue Growth, Profit Margin, Operating Margin.

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

PARR carries more volatility with a beta of 0.91 — expect wider price swings.

UGP is growing revenue faster at 10.3% — sustainability is the question.

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

Monitor OIL & GAS REFINING & MARKETING industry trends, competitive dynamics, and regulatory changes.

Bottom Line

UGP scores higher overall (65/100 vs 62/100) and 10.3% revenue growth. PARR offers better value entry with a 18.2% margin of safety. 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.

Par Pacific Holdings Inc

ENERGY · OIL & GAS REFINING & MARKETING · USA

Par Pacific Holdings, Inc. owns and operates energy and infrastructure businesses. The company is headquartered in Houston, Texas.

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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