Brazilian Retail Potentially Undervalued Companies

C&A Modas

Market Cap: R$3.2b

Operates as a fashion retailer for women, men, and children in Brazil and internationally.

Grupo SBF

Market Cap: R$2.3b

Engages in the sale of sporting goods and leisure products in Brazil.

Grupo Casas Bahia

Market Cap: R$725.8m

Operates as an omnichannel retailer in Brazil.

Lojas Renner

Market Cap: R$14.2b

Operates as a fashion and lifestyle company in Brazil, Argentina, and Uruguay.

Ultrapar Participações

Market Cap: R$27.0b

Through its subsidiaries, operates in the energy, mobility, and logistics infrastructure sectors in Brazil, the rest of Europe, the United States, Canada, other Latin American countries, Oceania, and internationally.

Kohl's

Market Cap: R$2.2b

Operates as an omnichannel retailer in the United States.

PDD Holdings

Market Cap: R$104.3b

A multinational commerce group that owns and operates a portfolio of businesses.

Lojas Quero-Quero

Market Cap: R$269.0m

Engages in the general retail trade activities in Brazil.

Minasmáquinas S/A

Market Cap: R$107.8m

Engages in the vehicle dealership activities in Brazil.

Alibaba Group Holding

Market Cap: R$217.2b

Through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses in the People's Republic of China and internationally.

Grupo Toky

Market Cap: R$15.2m

Engages in the retail of furniture and home decor.

Vipshop Holdings

Market Cap: R$6.2b

Operates online platforms in the People's Republic of China.

Gap

Market Cap: R$7.3b

Operates as an apparel retail company in the United States, Canada, Japan, Taiwan, and internationally.

Automob Participações

Market Cap: R$454.6m

Engages in retailing trucks, buses, machinery, and equipment in Brazil.

JD.com

Market Cap: R$34.0b

Operates as a supply chain-based technology and service provider in the People’s Republic of China and Europe.

Uniao Pet Participacoes

Market Cap: R$2.7b

Engages in the retail sale of pet and animal food in Brazil.

Magazine Luiza

Market Cap: R$3.4b

Engages in the retail sale of consumer goods.

Academy Sports and Outdoors

Market Cap: R$3.2b

Through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States.

LKQ

Market Cap: R$6.7b

Engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories.

Genuine Parts

Market Cap: R$15.6b

Distributes automotive and industrial replacement parts.

Cosan

Market Cap: R$14.5b

Engages in the fuel distribution business.

Best Buy

Market Cap: R$16.2b

Offers technology products and solutions in the United States, Canada, and internationally.

Prosus

Market Cap: R$87.1b

Engages in the e-commerce and internet businesses in Asia, Europe, Latin America, North America, and internationally.

Macy's

Market Cap: R$6.8b

An omni-channel retail organization, operates stores, websites, and mobile applications in the United States.

Grazziotin

Market Cap: R$573.9m

Engages in the retail and wholesale business in Brazil.

Bath & Body Works

Market Cap: R$4.4b

Operates as a specialty retailer of personal care and home fragrance products.