The nature of ultraluminous X-ray sources (ULXs) -- off-nuclear extra-galactic sources with luminosity, assumed isotropic, $gtrsim 10^{39}$ erg s$^{-1}$ -- is still debated. One possibility is that ULXs are stellar black holes accreting beyond the Eddington limit. This view has been recently reinforced by the discovery of ultrafast outflows at $sim 0.1$-$0.2c$ in the high resolution spectra of a handful of ULXs, as predicted by models of supercritical accretion discs. Under the assumption that ULXs are powered by super-Eddington accretion onto black holes, we use the properties of the observed outflows to self-consistently constrain their masses and accretion rates. We find masses $lesssim 100$ M$_{odot}$ and typical accretion rates $sim 10^{-5}$ M$_{odot}$ yr$^{-1}$, i.e. $approx 10$ times larger than the Eddington limit calculated with a radiative efficiency of 0.1. However, the emitted luminosity is only $approx 10%$ beyond the Eddington luminosity, because most of the energy released in the inner part of the accretion disc is used to accelerate the wind, which implies radiative efficiency $sim 0.01$. Our results are consistent with a formation model where ULXs are black hole remnants of massive stars evolved in low-metallicity environments.
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