Brazilian Potentially Undervalued Companies

Clorox

Market Cap: R$12.6b

Manufactures and markets consumer and professional products worldwide.

T4F Entretenimento

Market Cap: R$42.0m

Operates as a live entertainment company in South America.

Fresenius Medical Care

Market Cap: R$11.6b

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

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.

Equinor

Market Cap: R$619.7b

An energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally.

Bath & Body Works

Market Cap: R$4.4b

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

Align Technology

Market Cap: R$9.8b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

NOV

Market Cap: R$5.7b

Designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally.

Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund

Market Cap: R$1.1b

A real estate investment trust co-launched by BTG Pactual Serviços Financeiros and BTG Pactual Gestora de Recursos Ltda.

HP

Market Cap: R$22.9b

Provides personal computing, printing, 3D printing, hybrid work, gaming, and other related technologies in the United States and internationally.

Ternium

Market Cap: R$7.1b

Manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally.

Trisul

Market Cap: R$1.6b

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

Zebra Technologies

Market Cap: R$12.2b

Provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide.

AbbVie

Market Cap: R$410.7b

A research-based biopharmaceutical company, engages in the research and development, manufacture, commercialization, and sale of medicines and therapies worldwide.

SLB

Market Cap: R$55.2b

Engages in the provision of technology for the energy industry worldwide.

Carnival Corporation &

Market Cap: R$33.8b

A cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.

Itaúsa

Market Cap: R$131.5b

Through its subsidiaries, operates in the financial and industrial markets in Brazil and internationally.

Odontoprev

Market Cap: R$6.4b

Provides private dental care plans in Brazil.

Lavvi Empreendimentos Imobiliários

Market Cap: R$3.1b

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

Tandem Diabetes Care

Market Cap: R$1.3b

Designs, develops, and commercializes technology solutions for people living with diabetes in the United States and internationally.

Vittia

Market Cap: R$663.9m

Provides fertilizers in Brazil and internationally.

Abbott Laboratories

Market Cap: R$227.1b

Abbott Laboratories, together with its subsidiaries, discovers, develops, manufactures, and sells health care products worldwide.

Newmont

Market Cap: R$95.8b

Engages in the production and exploration of gold properties.

Construtora Tenda

Market Cap: R$3.1b

Operates as a construction company in Brazil.

GoPro

Market Cap: R$252.4m

Provides cameras, mountable and wearable accessories, and subscription and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Devon Energy

Market Cap: R$22.5b

An independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.

Salesforce

Market Cap: R$232.0b

Provides customer relationship management (CRM) technology that connects companies and customers together worldwide.

Amdocs

Market Cap: R$8.6b

Through its subsidiaries, provides software and services to communications, entertainment, and media service providers worldwide.

EOG Resources

Market Cap: R$59.9b

Explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally.

Lojas Quero-Quero

Market Cap: R$432.5m

Engages in the general retail trade activities in Brazil.

Grupo Multi

Market Cap: R$944.7m

Develops, manufactures, distributes, and sells electronic products in Brazil.

Motiva Infraestrutura de Mobilidade

Market Cap: R$32.5b

Provides infrastructure services for highway, rail, and airport concessions in Brazil.

Dynatrace

Market Cap: R$14.1b

Engages in the advancement of observability for digital businesses, which transforms the complexity of modern digital ecosystems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Usinas Siderúrgicas de Minas Gerais

Market Cap: R$6.4b

Manufactures and sells steel products in Brazil and internationally.

Zoetis

Market Cap: R$53.2b

Engages in the discovery, development, manufacture, and commercialization of animal health medicines, vaccines, diagnostic products and services, biodevices, genetic tests, and precision animal health products in the United States and internationally.

XP

Market Cap: R$9.8b

Provides financial products and services in Brazil.