Brazilian Potentially Undervalued Companies

Fiverr International

Market Cap: R$804.8m

Operates an online marketplace worldwide.

Zoom Communications

Market Cap: R$25.2b

Provides an Artificial Intelligence-first work platform for human connection in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Royal Caribbean Cruises

Market Cap: R$69.0b

Operates as a cruise company worldwide.

Melnick Desenvolvimento Imobiliário

Market Cap: R$772.7m

Operates as a real estate development company in Brazil.

Baidu

Market Cap: R$41.5b

Provides online marketing and non-marketing value added services through an internet platform in the People’s Republic of China.

CarMax

Market Cap: R$5.1b

Through its subsidiaries, operates as a retailer of used vehicles and related products in the United States.

STERIS

Market Cap: R$22.2b

Provides infection prevention products and services worldwide.

Henry Schein

Market Cap: R$7.7b

Provides health care products and services to office-based dental and medical practitioners, and alternate sites of care worldwide.

BlackLine

Market Cap: R$3.3b

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

CRISPR Therapeutics

Market Cap: R$4.9b

A gene editing company, focuses on developing gene-based medicines for serious human diseases using its Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)/CRISPR-associated protein 9 (Cas9) platform.

Ultragenyx Pharmaceutical

Market Cap: R$3.2b

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.

General Motors

Market Cap: R$67.4b

Designs, builds, and sells trucks, crossovers, cars, and automobile parts worldwide.

Honda Motor

Market Cap: R$6.1t

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

Eneva

Market Cap: R$37.0b

Operates as an integrated power generation company in Brazil.

Accenture

Market Cap: R$153.5b

Provides strategy and consulting, industry X, song, and technology and operation services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Banco do Estado do Rio Grande do Sul

Market Cap: R$5.9b

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

Camil Alimentos

Market Cap: R$2.0b

Engages in processing, production, packaging, and marketing of food products.

Constellation Brands

Market Cap: R$22.6b

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

Telefonaktiebolaget LM Ericsson

Market Cap: R$310.0b

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

Fiserv

Market Cap: R$34.7b

Provides payments and financial services technology solutions in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally.

Klabin

Market Cap: R$21.9b

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

Transocean

Market Cap: R$4.4b

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

Cruzeiro do Sul Educacional

Market Cap: R$2.2b

Provides education services in Brazil.

COPT Defense Properties

Market Cap: R$3.3b

COPT Defense Properties (the “Company” or “COPT Defense”), an S&P MidCap 400 Company, is a self-managed real estate investment trust (“REIT”) focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S.

Gentex

Market Cap: R$5.0b

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.

Capri Holdings

Market Cap: R$2.6b

Engages in the design, marketing, distribution, and retail of branded women’s and men’s apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, Asia, and the Oceania.