Mexican Potentially Undervalued Companies

Tidewater

Market Cap: Mex$2.9b

Provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels worldwide.

Builders FirstSource

Market Cap: Mex$11.4b

Manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States.

Monolithic Power Systems

Market Cap: Mex$44.1b

Designs, develops, markets, and sells semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets in the United States, China, Taiwan, South Korea, Europe, Southeast Asia, Japan, and internationally.

Medical Properties Trust

Market Cap: Mex$3.0b

A self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities.

Telefonaktiebolaget LM Ericsson

Market Cap: Mex$310.0b

Provides mobile connectivity solutions to communications service providers, enterprises, and the public sector.

Ball

Market Cap: Mex$12.8b

Supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally.

CDW

Market Cap: Mex$23.2b

Provides information technology (IT) solutions in the United States, the United Kingdom, and Canada.

Banco Santander (Brasil)

Market Cap: Mex$103.3b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

Target Hospitality

Market Cap: Mex$871.7m

Operates as a specialty rental and hospitality services company in North America.

Ferroglobe

Market Cap: Mex$997.1m

Produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally.

Acosta Verde. de

Market Cap: Mex$10.7b

Develops, manages, and operates shopping centers in Mexico.

Eldorado Gold

Market Cap: Mex$6.4b

Engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, and Greece.

Urban Outfitters

Market Cap: Mex$6.5b

Offers lifestyle products and services.

Herc Holdings

Market Cap: Mex$3.8b

Operates as an equipment rental supplier in the United States and internationally.

PPG Industries

Market Cap: Mex$24.4b

Manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa.

OneMain Holdings

Market Cap: Mex$5.3b

A financial service holding company, engages in the consumer finance and insurance businesses in the United States.

Robert Half

Market Cap: Mex$8.3b

Provides talent solutions and business consulting services in the United States and internationally.

Bank OZK

Market Cap: Mex$5.1b

Operates as a full-service Arkansas state-chartered bank that provides retail and commercial banking services in the United States.

Travelers Companies

Market Cap: Mex$64.1b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally.

Wix.com

Market Cap: Mex$7.0b

Operates a cloud-based web development platform for registered users and creators worldwide.

Daqo New Energy

Market Cap: Mex$2.2b

Manufactures and sells polysilicon to photovoltaic product manufacturers in the People’s Republic of China.

ICON

Market Cap: Mex$12.4b

A clinical research organization, provides outsourced development and commercialization services in Ireland, rest of Europe, the United States, and internationally.

Apple Hospitality REIT

Market Cap: Mex$2.8b

Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (“REIT”) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States.

Fomento Económico Mexicano. de

Market Cap: Mex$565.6b

Through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide.

SK Telecom

Market Cap: Mex$11.5t

Engages in the provision of wireless telecommunication services in South Korea.

Walt Disney

Market Cap: Mex$188.9b

Operates as an entertainment company in Americas, Europe, and the Asia Pacific.

Expedia Group

Market Cap: Mex$32.4b

Operates as an online travel company in the United States and internationally.

SLB

Market Cap: Mex$55.2b

Engages in the provision of technology for the energy industry worldwide.

Continental

Market Cap: Mex$12.8b

Manufactures tire and develops and produces solutions for automotive manufacturers, industrial, and end customers worldwide.

Tripadvisor

Market Cap: Mex$1.7b

TripAdvisor, Inc., an online travel company, engages in the provision of travel guidance products and services worldwide.

Antero Resources

Market Cap: Mex$10.6b

An independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States.

Li Auto

Market Cap: Mex$20.0b

Operates in the energy vehicle market in the People’s Republic of China.

Trade Desk

Market Cap: Mex$20.3b

Operates as a technology company in the United States and internationally.

Coupang

Market Cap: Mex$51.5b

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

Magna International

Market Cap: Mex$19.4b

Manufactures and supplies vehicle engineering, contract, and automotive space.

Obrascón Huarte Lain

Market Cap: Mex$584.1m

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.