Portuguese Potentially Undervalued Companies

Navigator Company

Market Cap: €2.4b

Manufactures and markets pulp and paper products worldwide.

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.

Corticeira Amorim S.G.P.S

Market Cap: €847.2m

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.

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: €7.9b

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: €151.8m

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

Sporting Clube de Portugal - Futebol SAD

Market Cap: €198.0m

Operates sports clubs in Portugal.

REN - Redes Energéticas Nacionais SGPS

Market Cap: €2.6b

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

Sonae SGPS

Market Cap: €3.7b

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

Impresa - Sociedade Gestora de Participações Sociais

Market Cap: €31.5m

Operates in the media industry in Portugal and internationally.

Ibersol S.G.P.S

Market Cap: €436.0m

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

Galp Energia SGPS

Market Cap: €13.7b

Operates as an integrated energy operator in Portugal and internationally.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.8b

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.

Jerónimo Martins SGPS

Market Cap: €13.5b

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.