Brazilian Undiscovered Gems With Strong Fundamentals

Grendene

Market Cap: R$4.8b

Engages in the development, production, distribution, and sale of footwear for women, men, and children in Brazil and internationally.

Rio Paranapanema Energia

Market Cap: R$3.3b

Generates and sells electricity in Brazil.

Banestes - Banco do Estado do Espírito Santo

Market Cap: R$2.9b

Banestes S.A - Banco do Estado do Espírito Santo S.A.

Banco do Nordeste do Brasil

Market Cap: R$9.3b

Operates as a regional development bank in Latin America.

Profarma Distribuidora de Produtos Farmacêuticos

Market Cap: R$1.0b

Engages in the distribution of pharmaceutical products in Brazil.

Ouro Fino Saúde Animal Participações

Market Cap: R$1.2b

Engages in the development, production, and sale of veterinary drugs, vaccines, and other products for production and companion animals primarily in Brazil.

Trisul

Market Cap: R$1.2b

Engages in the construction and development of real estate properties in Brazil.

Tegma Gestão Logística

Market Cap: R$2.4b

Provides logistics management, transportation, and storage services in Brazil.

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas

Market Cap: R$2.1b

Engages in the acquisition, development, exploration, and sale of agricultural activities in Brazil, Paraguay, and Bolivia.

Bemobi Mobile Tech

Market Cap: R$1.6b

A technology company, offers solutions and mobile platforms for digital payments, customer engagement, microfinance, and digital services in Brazil and internationally.

Lavvi Empreendimentos Imobiliários

Market Cap: R$2.5b

Develops and builds residential and non-residential properties primarily in Brazil.

Vulcabras

Market Cap: R$5.6b

Through its subsidiaries, operates as a footwear company in Brazil and internationally.