Portuguese Potentially Undervalued Companies

Navigator Company

Market Cap: €2.3b

Manufactures and markets pulp and paper products worldwide.

Corticeira Amorim S.G.P.S

Market Cap: €840.6m

Engages in the acquisition and transformation of cork into various cork and cork-related products in Europe, the United States, Rest of America, Australasia, and Africa.

Sonae SGPS

Market Cap: €3.7b

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

Sonagi S.G.P.S

Market Cap: €11.6m

A real estate company, engages in the real estate investment and development, and asset management activities in Portugal.

Atrium Bire SIGI

Market Cap: €110.3m

Atrium Bire, Sigi, S.A. engages in the acquisition and management of real estate assets in Portugal.

MERLIN Properties SOCIMI

Market Cap: €7.7b

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

NOS S.G.P.S

Market Cap: €2.7b

Engages in the telecommunications and entertainment business.

Patris Investimentos SGPS

Market Cap: €21.0m

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

Sport Lisboa e Benfica - Futebol SAD

Market Cap: €148.6m

Engages in the management of a professional football team in Portugal.

Impresa - Sociedade Gestora de Participações Sociais

Market Cap: €30.7m

Operates in the media industry in Portugal and internationally.

Sporting Clube de Portugal - Futebol SAD

Market Cap: €198.0m

Operates sports clubs in Portugal.

REN - Redes Energéticas Nacionais SGPS

Market Cap: €2.5b

Engages in the transmission of electricity and natural gas in Portugal.

Galp Energia SGPS

Market Cap: €14.0b

Operates as an integrated energy operator in Portugal and internationally.

Ibersol S.G.P.S

Market Cap: €433.9m

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

Jerónimo Martins SGPS

Market Cap: €13.4b

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

Grupo Média Capital SGPS

Market Cap: €160.6m

Engages in the production and broadcasting of television and radio programs, and production and operation of cinematographic and video graphic activities in Portugal and internationally.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.7b

Through its subsidiaries, produces and sells pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania.