Brazilian Potentially Undervalued Companies

CM Hospitalar S/A

Market Cap: R$385.3m

Engages in the distribution of hospital materials, medicines, and nutrition products in Brazil.

Bemobi Mobile Tech

Market Cap: R$1.9b

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

Expedia Group

Market Cap: R$26.9b

Operates as an online travel company in the United States and internationally.

Natura Cosméticos

Market Cap: R$12.3b

Engages in the development, manufacture, distribution, and marketing of cosmetics, fragrances, and personal hygiene products in Brazil, Peru, Colombia, Chile, Argentina, Uruguay, and Ecuador.

Lumen Technologies

Market Cap: R$5.8b

A networking company, provides integrated products and services to business and mass customers in the United States and internationally.

Companhia de Saneamento do Paraná - SANEPAR

Market Cap: R$11.3b

Provides sanitation services in Brazil.

Vamos Locação de Caminhões Máquinas e Equipamentos

Market Cap: R$4.0b

Together with its subsidiaries engages in the leasing, reselling, and selling of trucks, machinery, and equipment in Brazil.

Autohome

Market Cap: R$3.5b

Operates as an online destination for automobile consumers in the People’s Republic of China.

Roku

Market Cap: R$14.5b

Operates a TV streaming platform in the United States and internationally.

STERIS

Market Cap: R$22.2b

Provides infection prevention products and services worldwide.

Clorox

Market Cap: R$14.7b

Manufactures and markets consumer and professional products worldwide.

BlackLine

Market Cap: R$3.4b

Provides cloud-based solutions to automate and streamline accounting and finance operations in the United States and internationally.

Waters

Market Cap: R$17.8b

Provides analytical workflow solutions in Asia, the Americas, and Europe.

Ultragenyx Pharmaceutical

Market Cap: R$2.7b

A biopharmaceutical company, focuses on the identification, acquisition, development, and commercialization of novel products for the treatment of rare and ultra-rare genetic diseases in North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific.

Gaming and Leisure Properties

Market Cap: R$13.5b

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

Fresenius Medical Care

Market Cap: R$12.8b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Transocean

Market Cap: R$3.4b

Provides offshore contract drilling services for oil and gas wells in Switzerland and internationally.

Alexandria Real Estate Equities

Market Cap: R$14.9b

Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world.

Vistra

Market Cap: R$68.5b

Operates as an integrated retail electricity and power generation company in the United States.

Honda Motor

Market Cap: R$6.4t

Develops, manufactures, and distributes motorcycles, automobiles, and power products in Japan, North America, Europe, Asia, and internationally.

Accenture

Market Cap: R$148.9b

Provides strategy and consulting, industry X, song, and technology and operation services in North America, Europe, the Middle East, Africa, and internationally.

Medical Properties Trust

Market Cap: R$2.9b

A self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities.

Aptiv

Market Cap: R$18.5b

Engages in design, manufacture, and sale of vehicle components for the automotive and commercial vehicle markets in North America, Europe, the Middle East, Africa, the Asia Pacific, South America, and internationally.

Banco do Estado do Rio Grande do Sul

Market Cap: R$5.1b

A multiple-service bank, provides a range of banking products and services primarily in Brazil.

Brava Energia

Market Cap: R$8.7b

Engages in the exploration and production of oil and natural gas in Brazil.

Constellation Brands

Market Cap: R$23.5b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

Companhia Energética do Ceará - COELCE

Market Cap: R$2.4b

Companhia Energética do Ceará – COELCE engages in the electricity distribution services.

Coca-Cola FEMSA. de

Market Cap: R$17.6b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Klabin

Market Cap: R$22.2b

Produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally.

Omega Healthcare Investors

Market Cap: R$12.7b

A Real Estate Investment Trust (“REIT”) providing financing and capital to the long-term healthcare industry in the United States and the United Kingdom with a focus on skilled nursing and assisted living facilities, including care homes in the United Kingdom.

Companhia de Saneamento de Minas Gerais

Market Cap: R$12.7b

Plans, designs, performs, expands, remodels, manages, and provides water supply and sewage treatment services in Brazil and internationally.

Gentex

Market Cap: R$6.2b

Designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, China, Germany, Japan, Mexico, the Republic of Korea, and internationally.

Eneva

Market Cap: R$32.0b

Operates as an integrated power generation company in Brazil.

Advance Auto Parts

Market Cap: R$3.7b

Engages in the provision of automotive aftermarket parts in the United States and internationally.

PPG Industries

Market Cap: R$23.8b

Manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa.

Telefonaktiebolaget LM Ericsson

Market Cap: R$257.6b

Provides mobile connectivity solutions to communications service providers, enterprises, and the public sector.