Spanish Potentially Undervalued Companies

Global Dominion Access

Market Cap: €404.2m

Provides integral services for business process efficiency and sustainability worldwide.

Ebro Foods

Market Cap: €2.6b

Operates as a food company in Spain, rest of Europe, the United States, Canada, and internationally.

Vale

Market Cap: €229.1b

Produces and sells iron ore, iron ore pellets, nickel, and copper in Brazil and internationally.

Acerinox

Market Cap: €2.3b

Manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally.

Repsol

Market Cap: €11.1b

Operates as a multi-e energy company in Spain, Peru, the United States, Portugal, and internationally.

Grupo Financiero Banorte. de

Market Cap: €394.7b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Laboratorios Farmaceuticos Rovi

Market Cap: €2.5b

Manufactures, sells, and markets pharmaceutical products in Spain, European Union, OECD countries, and internationally.

Construcciones y Auxiliar de Ferrocarriles

Market Cap: €1.3b

Construcciones y Auxiliar de Ferrocarriles, S.A.

Fomento de Construcciones y Contratas

Market Cap: €4.6b

Engages in the environmental services, water management, infrastructure development, and real estate businesses in Europe and internationally.

Alquiber Quality

Market Cap: €60.0m

Provides industrial and commercial vehicle rental services for SMEs and large companies in Spain.

Mapfre

Market Cap: €8.4b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Banco de Sabadell

Market Cap: €12.7b

Provides banking products and services to personal, business, and private customers in Spain and internationally.

Centrais Elétricas Brasileiras - Eletrobrás

Market Cap: €74.6b

Through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil.

Telefónica

Market Cap: €22.6b

Provides telecommunications services in Europe and Latin America.

Labiana Health

Market Cap: €20.0m

Develops, manufactures, sells, and markets animal and human health medicine products in Spain, rest of European Union, and internationally.

Banco Santander

Market Cap: €84.2b

Provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide.

CIE Automotive

Market Cap: €2.5b

Designs, manufactures, and sells automotive components and sub-assemblies.

Airbus

Market Cap: €106.3b

Engages in the design, manufacture, and delivery of aeronautics and aerospace products, services, and solutions worldwide.

Aedas Homes

Market Cap: €1.1b

Engages in the development of residential properties in Spain.

Grupo Catalana Occidente

Market Cap: €5.8b

Provides insurance products and services worldwide.

Neoenergia

Market Cap: €24.8b

Generates, transmits, distributes, trades in, and commercializes electric energy in Brazil.

International Consolidated Airlines Group

Market Cap: €11.5b

Engages in the provision of passenger and cargo transportation services in the North Atlantic, Latin America, the Caribbean, Europe, Africa, the Middle East, South Asia, the Asia Pacific, and internationally.

Almirall

Market Cap: €2.0b

Operates as a skin health-focused biopharmaceutical company in Spain, Europe, the Middle East, the United States, Asia, and Africa.

eDreams ODIGEO

Market Cap: €774.7m

Operates as an online travel company in France, northern and southern Europe, and internationally.

Prosegur Cash

Market Cap: €977.0m

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management for financial institutions, retail establishments, business, government agencies, central banks, mints, and jewellery stores in Europe, LATAM, and internationally.

Vocento

Market Cap: €79.2m

Operates as a multimedia communications company in Spain.

Gestamp Automoción

Market Cap: €1.4b

Engages in the design, development, and manufacture of metal components for the automotive industry in the Western Europe, Eastern Europe, Mercosur, North America, and Asia.

Soltec Power Holdings

Market Cap: €145.3m

Engages in the development of solutions for photovoltaic energy projects in Spain, Italy, Brazil, the United States, Mexico, Argentina, Chile, Colombia, Peru, Panama, Australia, China, India, Thailand, France, Denmark, Egypt, Israel, Portugal, the United Arab Emirates, Romania, and Kenya.

Puig Brands

Market Cap: €8.6b

Operates in the beauty and fashion industry in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Meliá Hotels International

Market Cap: €1.3b

Owns, manages, operates, leases, and franchises hotels worldwide.

Nicolás Correa

Market Cap: €121.3m

Engages in the design, manufacture, and sale of CNC milling machines in Spain and internationally.

Plásticos Compuestos

Market Cap: €11.9m

Engages in the design, production, and marketing of mineral fillers, and color concentrates and additives for the plastics processing industry in Spain, Germany, France, and internationally.

Banco Bilbao Vizcaya Argentaria

Market Cap: €64.9b

Provides retail banking, wholesale banking, and asset management services primarily in Spain, Mexico, Turkey, South America, rest of Europe, the United States, and Asia.

Obrascón Huarte Lain

Market Cap: €374.9m

Engages in the construction and concession businesses in the United States, Canada, Mexico, Chile, Peru, Colombia, Spain, Central and Eastern Europe, Northern Europe, and internationally.

Faes Farma

Market Cap: €1.2b

Researches, develops, produces, and markets pharmaceutical products, healthcare products, and raw materials worldwide.

Cox ABG Group

Market Cap: €691.7m

Operates as an integrated utility of water and energy company.