Brazilian Potentially Undervalued Companies

Ser Educacional

Market Cap: R$1.3b

Operates on-campus and distance-learning undergraduate, graduate, and professional training courses and other education-related areas in Brazil.

Stanley Black & Decker

Market Cap: R$10.2b

Provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia.

United Airlines Holdings

Market Cap: R$30.8b

Through its subsidiaries, provides air transportation services in the United States, Canada, Atlantic, the Pacific, and Latin America.

RingCentral

Market Cap: R$2.4b

Provides cloud business communications, contact center, video, and hybrid event solutions in North America and internationally.

Cigna Group

Market Cap: R$72.0b

Provides insurance and related products and services in the United States.

Omnicom Group

Market Cap: R$13.9b

Offers advertising, marketing, and corporate communications services.

BILL Holdings

Market Cap: R$5.0b

Provides financial operations platform for small and midsize businesses worldwide.

DraftKings

Market Cap: R$14.7b

Operates as a digital sports entertainment and gaming company in the United States and internationally.

Lumen Technologies

Market Cap: R$8.2b

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

Weibo

Market Cap: R$2.5b

Through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China.

Allstate

Market Cap: R$56.1b

Provides property and casualty, and other insurance products in the United States and Canada.

Newell Brands

Market Cap: R$1.4b

Engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide.

PENN Entertainment

Market Cap: R$1.9b

Provides integrated entertainment, sports content, and casino gaming experiences.

Randoncorp

Market Cap: R$2.1b

Manufactures and sells trailers and semi-trailers in Latin America and internationally.

Telefónica

Market Cap: R$21.0b

Provides telecommunications services in Europe and Latin America.

Snap

Market Cap: R$14.7b

Operates as a technology company in North America, Europe, and internationally.

Profarma Distribuidora de Produtos Farmacêuticos

Market Cap: R$1.0b

Engages in the distribution of pharmaceutical products in Brazil.

HCA Healthcare

Market Cap: R$107.9b

Through its subsidiaries, owns and operates hospitals and related healthcare entities in the United States.

Enovis

Market Cap: R$1.7b

Operates as a medical technology company focus on developing clinically differentiated solutions in the United States and internationally.

Gaming and Leisure Properties

Market Cap: R$13.0b

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, including coverage of the landlord's interests 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.

Globe Life

Market Cap: R$10.5b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Fresenius Medical Care

Market Cap: R$11.7b

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

Conagra Brands

Market Cap: R$8.3b

Operates as a consumer packaged goods food company primarily in the United States.

Omega Healthcare Investors

Market Cap: R$13.5b

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.

Bath & Body Works

Market Cap: R$4.5b

Operates as a specialty retailer of home fragrance, personal and body care, soaps, and sanitizer products.

Americold Realty Trust

Market Cap: R$3.1b

Americold is a global leader in temperature-controlled logistics real estate and value-added services.

Coca-Cola FEMSA. de

Market Cap: R$18.5b

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

Grupo Aeroportuario del Sureste S. A. B. de C. V

Market Cap: R$164.6b

Grupo Aeroportuario del Sureste, S. A. B.

Teleflex

Market Cap: R$4.7b

Designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide.

CRISPR Therapeutics

Market Cap: R$5.0b

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.

Valid Soluções

Market Cap: R$1.7b

Provides digital payment solutions in Brazil.

ZTO Express (Cayman)

Market Cap: R$15.0b

Provides express delivery and other value-added logistics services in the People's Republic of China.

Grazziotin

Market Cap: R$644.4m

Engages in the retail and wholesale business in Brazil.

Target

Market Cap: R$40.9b

Operates as a general merchandise retailer in the United States.

Alexandria Real Estate Equities

Market Cap: R$9.0b

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.

Paranapanema

Market Cap: R$114.5m

Produces and sells copper and its byproducts in Brazil and internationally.