Brazilian Potentially Undervalued Companies

CVC Brasil Operadora e Agência de Viagens

Market Cap: R$1.2b

Provides tourism services in Brazil and internationally.

Humana

Market Cap: R$31.9b

Provides medical and specialty insurance products in the United States.

QUALCOMM

Market Cap: R$168.8b

Engages in the development and commercialization of foundational technologies for the wireless industry worldwide.

Ford Motor

Market Cap: R$38.5b

Develops, delivers, and services Ford trucks, sport utility vehicles, commercial vans and cars, and Lincoln luxury vehicles worldwide.

Usinas Siderúrgicas de Minas Gerais

Market Cap: R$7.0b

Manufactures and markets flat steel products in Brazil and internationally.

Dotz

Market Cap: R$48.1m

Manages loyalty programs in Brazil.

Quest Diagnostics

Market Cap: R$18.6b

Provides diagnostic testing and services in the United States and internationally.

Amdocs

Market Cap: R$10.2b

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

A. O. Smith

Market Cap: R$9.8b

Manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India.

Sondotécnica Engenharia de Solos

Market Cap: R$107.7m

Provides various engineering services and solutions in Brazil and internationally.

MGM Resorts International

Market Cap: R$9.0b

Through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally.

Crown Castle

Market Cap: R$44.7b

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S.

Synchrony Financial

Market Cap: R$20.4b

Operates as a consumer financial services company in the United States.

Etsy

Market Cap: R$5.0b

Operates two-sided online marketplaces that connect buyers and sellers worldwide.

Ultrapar Participações

Market Cap: R$19.0b

Through its subsidiaries, operates in the energy and infrastructure business in Brazil.

Whirlpool

Market Cap: R$5.0b

Manufactures and markets home appliances and related products and services in the North America, Latin America, Asia, and internationally.

LOG Commercial Properties e Participações

Market Cap: R$1.6b

LOG Commercial Properties e Participações S.A.

Kohl's

Market Cap: R$942.9m

Operates as an omnichannel retailer in the United States.

Cerence

Market Cap: R$341.1m

Provides AI powered virtual assistants for the mobility/transportation market in the United States, rest of the Americas, Germany, rest of Europe, the Middle East, Africa, Japan, and rest of the Asia-Pacific.

Ecopetrol

Market Cap: R$87.6t

Operates as an integrated energy company.

Liberty Broadband

Market Cap: R$12.2b

Engages in the communications businesses.

Ziff Davis

Market Cap: R$1.6b

Operates as a digital media and internet company in the United States and internationally.

Dell Technologies

Market Cap: R$64.4b

Designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally.

Ameriprise Financial

Market Cap: R$46.2b

Operates as a diversified financial services company in the United States and internationally.

Telefônica Brasil

Market Cap: R$81.6b

Operates as a mobile telecommunications company in Brazil.

Taiwan Semiconductor Manufacturing

Market Cap: R$24.7t

Manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally.

Gerdau

Market Cap: R$33.6b

Operates as a steel producer company.

STMicroelectronics

Market Cap: R$18.3b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

CF Industries Holdings

Market Cap: R$13.1b

Engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally.

Oracle

Market Cap: R$395.0b

Offers products and services that address enterprise information technology environments worldwide.

Magazine Luiza

Market Cap: R$7.8b

Engages in the retail sale of consumer goods.

Oi

Market Cap: R$73.3m

Provides telecommunication services in Brazil and internationally.

Alupar Investimento

Market Cap: R$9.3b

Through its subsidiaries, engages in the transmission, generation, and development of electricity business in Brazil, Colombia, and Peru.

Kraft Heinz

Market Cap: R$36.1b

Manufactures and markets food and beverage products in North America and internationally.

Toyota Motor

Market Cap: R$35.3t

Designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East.

ArcelorMittal

Market Cap: R$20.6b

Operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa.