Mexican Retail Potentially Undervalued Companies

PDD Holdings

Market Cap: Mex$164.3b

A multinational commerce group that owns and operates a portfolio of businesses.

Topsports International Holdings

Market Cap: Mex$16.4b

An investment holding company, engages in the trading of sportswear products in the People’s Republic of China.

Upbound Group

Market Cap: Mex$1.0b

Upbound Group, Inc. leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico.

JD.com

Market Cap: Mex$41.9b

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

GigaCloud Technology

Market Cap: Mex$1.4b

Provides end-to-end B2B ecommerce solutions for large parcel merchandise in the United States and internationally.

LKQ

Market Cap: Mex$7.7b

Engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories.

Bed Bath & Beyond

Market Cap: Mex$406.9m

Operates as an e-commerce affinity marketing company in the United States and Canada.

CarMax

Market Cap: Mex$5.6b

Through its subsidiaries, operates as a retailer of used vehicles and related products in the United States.

JD.com

Market Cap: Mex$57.3b

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

Vipshop Holdings

Market Cap: Mex$8.7b

Operates online platforms in the People's Republic of China.

El Puerto de Liverpool. de

Market Cap: Mex$137.7b

Operates a chain of department stores primarily in Mexico.

Bath & Body Works

Market Cap: Mex$4.2b

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

Kohl's

Market Cap: Mex$2.4b

Operates as an omnichannel retailer in the United States.

El Puerto de Liverpool. de

Market Cap: Mex$137.7b

Operates a chain of department stores primarily in Mexico.

ContextLogic Holdings

Market Cap: Mex$198.0m

Focuses on seeking to develop and grow a de novo business and finance potential future bolt-on acquisitions of assets or businesses.

Baozun

Market Cap: Mex$163.0m

Through its subsidiaries, engages in the provision of end-to-end e-commerce solutions in the People's Republic of China.

MINISO Group Holding

Market Cap: Mex$5.9b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in Mainland China, the rest of Asia, North and Latin America, Europe, and internationally.

Chewy

Market Cap: Mex$13.9b

Engages in the e-commerce business in the United States.

Best Buy

Market Cap: Mex$14.5b

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

Alibaba Group Holding

Market Cap: Mex$348.0b

Through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally.

Prosus

Market Cap: Mex$118.3b

Engages in the e-commerce and internet businesses in Asia, Europe, Latin America, North America, and internationally.

Amazon.com

Market Cap: Mex$2.4t

Engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally.

MercadoLibre

Market Cap: Mex$100.1b

Operates online commerce platforms in Brazil, Mexico, Argentina, and internationally.

Wayfair

Market Cap: Mex$13.9b

Engages in the e-commerce business in the United States and internationally.

Urban Outfitters

Market Cap: Mex$6.5b

Offers lifestyle products and services.

Coupang

Market Cap: Mex$42.7b

Owns and operates retail business through its mobile applications and internet websites in South Korea and internationally.

Sea

Market Cap: Mex$77.8b

Through its subsidiaries, operates as a consumer internet company in Southeast Asia, Latin America, the rest of Asia, and internationally.