Mexican Potentially Undervalued Companies

Grupo Financiero Banorte. de

Market Cap: Mex$394.7b

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

FIBRA Macquarie México

Market Cap: Mex$24.0b

FIBRA Macquarie México (FIBRA Macquarie) (BMV:FIBRAMQ) is a real estate investment trust (fideicomiso de inversión en bienes raíces), or FIBRA, listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores) targeting industrial, retail and office real estate opportunities in Mexico, with a primary focus on stabilized income-producing properties.

Wynn Resorts

Market Cap: Mex$7.8b

Designs, develops, and operates integrated resorts.

Controladora Vuela Compañía de Aviación. de

Market Cap: Mex$11.0b

Controladora Vuela Compañía de Aviación, S.A.B.

Banco del Bajío Institución de Banca Múltiple

Market Cap: Mex$53.9b

Provides banking products and services in Mexico.

GCC. de

Market Cap: Mex$56.4b

Through its subsidiaries, produces, distributes, and sells gray Portland cement, ready-mix concrete, aggregates, and other building construction materials in Mexico and the United States.

MGM Resorts International

Market Cap: Mex$8.4b

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

Target

Market Cap: Mex$42.3b

Operates as a general merchandise retailer in the United States.

Lennar

Market Cap: Mex$31.6b

Operates as a homebuilder primarily under the Lennar brand in the United States.

PulteGroup

Market Cap: Mex$19.1b

Through its subsidiaries, engages in the homebuilding business in the United States.

Regeneron Pharmaceuticals

Market Cap: Mex$59.3b

Regeneron Pharmaceuticals, Inc. discovers, invents, develops, manufactures, and commercializes medicines for treating various diseases worldwide.

Best Buy

Market Cap: Mex$12.8b

Offers technology products and solutions in the United States, Canada, and internationally.

Corpovael. de

Market Cap: Mex$1.1b

Engages in the design, urbanization, construction, promotion, and sale of homes in Mexico.

Corporativo Fragua. de

Market Cap: Mex$50.7b

Operates pharmacy stores under the Superfarmacia name in Mexico.

Coca-Cola FEMSA. de

Market Cap: Mex$19.6b

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

JD.com

Market Cap: Mex$52.9b

Operates as a supply chain-based technology and service provider in the People’s Republic of China.

Merck

Market Cap: Mex$199.2b

Operates as a healthcare company worldwide.

Weibo

Market Cap: Mex$1.8b

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

Axtel. de

Market Cap: Mex$6.3b

An information and communications technology (ICT) company, provides ICT solutions to companies, corporations, financial institutions, and government entities in Mexico.

Stabilus

Market Cap: Mex$545.9m

Manufactures and sells gas springs, dampers, electromechanical damper opening systems, vibration isolation products, and industrial components in Europe, the Middle East, Africa, North and South America, the Asia-Pacific, and internationally.

Match Group

Market Cap: Mex$7.1b

Engages in the provision of digital technologies.

Forvia

Market Cap: Mex$4.3b

Manufactures and sells automotive technology solutions in France, Germany, other European countries, the Americas, Asia, and internationally.

United Parcel Service

Market Cap: Mex$82.3b

A package delivery and logistics provider, offers transportation and delivery services.

Centene

Market Cap: Mex$31.7b

Operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States.

Promotora y Operadora de Infraestructura S. A. B. de C. V

Market Cap: Mex$90.4b

Promotora y Operadora de Infraestructura, S.

Textron

Market Cap: Mex$11.9b

Operates in the aircraft, defense, industrial, and finance businesses worldwide.

Adobe

Market Cap: Mex$150.2b

Operates as a technology company worldwide.

EOG Resources

Market Cap: Mex$60.1b

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.

Carnival Corporation &

Market Cap: Mex$23.5b

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

Orbia Advance Corporation. de

Market Cap: Mex$27.8b

Orbia Advance Corporation, S.A.B. de C.V.

Warner Bros. Discovery

Market Cap: Mex$19.6b

Operates as a media and entertainment company worldwide.

Viatris

Market Cap: Mex$9.0b

Operates as a healthcare company in North America, Europe, China, Taiwan, Hong Kong, Japan, Australia, New Zealand, rest of Asia, Africa, Latin America, and the Middle East.

Grupo Gicsa. de

Market Cap: Mex$3.9b

Engages in the real estate and residential properties development activities in Mexico.

NXP Semiconductors

Market Cap: Mex$42.8b

Offers various semiconductor products in China, the United States, Germany, Japan, Singapore, South Korea, Mexico, the Netherlands, Taiwan, and internationally.

Regional. de

Market Cap: Mex$41.8b

Provides various banking products and services.

Aalberts

Market Cap: Mex$3.0b

Offers mission-critical technologies for building, industry, and semicon markets in Europe, the United States, the Asia Pacific, the Middle East, and Africa.