Portuguese Potentially Undervalued Companies

Navigator Company

Market Cap: €2.3b

Manufactures and markets pulp and paper products worldwide.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.2b

Through its subsidiaries, produces and sells uncoated woodfree (UWF) printing and writing paper in Portugal, rest of Europe, the United States, Africa, Asia, and Oceania.

Altri SGPS

Market Cap: €1.2b

Altri, SGPS, S.A. and its subsidiaries, produces and sells cellulosic fibers in Portugal and internationally.

Impresa - Sociedade Gestora de Participações Sociais

Market Cap: €17.1m

Through its subsidiaries, operates in the media industry in Portugal and internationally.

Martifer SGPS

Market Cap: €176.5m

Operates in the metallic constructions and renewable energy development sectors in Portugal, Angola, Saudi Arabia, Europe, and internationally.

Futebol Clube do Porto - FutebolD

Market Cap: €22.5m

Futebol Clube do Porto - Futebol, S.A.D., together with its subsidiaries, participates in professional football competitions, and the sporting events promotion and organization in Portugal.

Farminveste S.G.P.S

Market Cap: €26.0m

Through its subsidiaries, engages in the pharmacies, pharmaceutical distribution, information technologies, healthcare, health market intelligence, real estate, and other services businesses.

Mota-Engil SGPS

Market Cap: €961.0m

Provides public and private construction works and related services in Europe, Africa, and Latin America.

Galp Energia SGPS

Market Cap: €8.8b

Operates as an integrated energy operator in Portugal and internationally.

Ibersol S.G.P.S

Market Cap: €358.9m

Through its subsidiaries, operates a network of restaurants in Portugal, Spain, and Angola.

Promotoria MACC 1x1 Socimi

Market Cap: €170.9m

Operates as a real estate investment trust.

NOS S.G.P.S

Market Cap: €2.1b

Engages in the telecommunications and entertainment business..

Banco Comercial Português

Market Cap: €7.9b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Glintt Global

Market Cap: €47.8m

Provides IT consulting services for banking, insurance, public administration, and utilities sectors in Portugal, Spain, and Angola.

Patris Investimentos SGPS

Market Cap: €21.0m

Patris Investimentos SGPS, S.A. provides life, unit-linked, health, and personal accident insurance.

Sonae SGPS

Market Cap: €2.0b

Engages in retail, real estate, telecommunications, financial services, and technology businesses.

REN - Redes Energéticas Nacionais SGPS

Market Cap: €1.8b

Through its subsidiaries, engages in the transmission of electricity and natural gas in Portugal.

Corticeira Amorim S.G.P.S

Market Cap: €981.5m

Manufactures and sells cork and cork related products in Europe, the United States, Portugal, Australasia, and Africa.

MERLIN Properties SOCIMI

Market Cap: €5.1b

MERLIN Properties SOCIMI, S.A. (MC:MRL) is the largest real estate company trading on the Spanish Stock Exchange.

EDP

Market Cap: €12.8b

Engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally.

Jerónimo Martins SGPS

Market Cap: €12.6b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.