Spanish Potentially Undervalued Companies

Cox ABG Group

Market Cap: €640.2m

Operates as an integrated utility of water and energy company.

Global Dominion Access

Market Cap: €456.7m

Provides integral services for business process efficiency and sustainability worldwide.

Vale

Market Cap: €230.6b

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

Laboratorios Farmaceuticos Rovi

Market Cap: €2.7b

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

Alquiber Quality

Market Cap: €63.3m

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

Telefónica

Market Cap: €26.3b

Provides telecommunications services in Europe and Latin America.

Centrais Elétricas Brasileiras - Eletrobrás

Market Cap: €95.1b

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

Mapfre

Market Cap: €10.5b

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

Ebro Foods

Market Cap: €2.7b

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

CIE Automotive

Market Cap: €2.9b

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

Grupo Catalana Occidente

Market Cap: €5.8b

Provides insurance products and services in Spain, the European Union, and internationally.

Banco Santander

Market Cap: €105.9b

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

International Consolidated Airlines Group

Market Cap: €15.7b

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.

Gestamp Automoción

Market Cap: €1.6b

Designs, develops, and manufactures metal components for the automotive industry in Western Europe, Eastern Europe, Mercosur, North America, and Asia.

Bradespar

Market Cap: €6.1b

Through its interest in VALE, operates as a mining company in the production of iron ore and pellets, and nickel in Brazil.

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.

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.

Meliá Hotels International

Market Cap: €1.5b

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

Faes Farma

Market Cap: €1.3b

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

Obrascón Huarte Lain

Market Cap: €444.5m

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.

Aperam

Market Cap: €2.0b

Produces and sells stainless steel and alloy products worldwide.

Petróleo Brasileiro - Petrobras

Market Cap: €419.7b

Explores, produces, and sells oil and gas in Brazil and internationally.

Banco Bilbao Vizcaya Argentaria

Market Cap: €78.1b

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

VBARE Iberian Properties SOCIMI

Market Cap: €35.6m

A multi-family residential REIT company.

Robot

Market Cap: €7.9m

A technology company, drafts, manufactures, sells, and installs appliances and electronic systems in Spain and internationally.

Mistral Iberia Real Estate SOCIMI

Market Cap: €22.0m

A real estate investment company, invests in real estate and other assets.

Trajano Iberia Socimi

Market Cap: €39.1m

A real estate investment trust.

Inmocemento

Market Cap: €1.4b

Inmocemento S.A., through its subsidiaries, engages in the real estate and cement businesses.

Prim

Market Cap: €183.7m

Provides health technology, mobility, and health care products in Spain.

Desarrollos Especiales de Sistemas de Anclaje

Market Cap: €27.6m

Desarrollos Especiales de Sistemas de Anclaje, S.A.

MFE-Mediaforeurope

Market Cap: €2.1b

Operates in the television industry in Italy and Spain.

Banco de Sabadell

Market Cap: €15.1b

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

Azkoyen

Market Cap: €217.5m

Designs, manufactures, and markets technology solutions in Spain and internationally.

Aedas Homes

Market Cap: €1.2b

Engages in the development of residential properties in Spain.

Cementos Molins

Market Cap: €1.7b

Manufactures and sells cement and lime, precast concrete, and other construction materials in Spain, Argentina, Mexico, Uruguay, Bangladesh, India, Tunisia, Bolivia, Colombia, Croatia, Germany, and Turkey.

Airbus

Market Cap: €127.7b

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