Brazilian Undervalued Stocks Based On Cash Flows

Jalles Machado S/A

Market Cap: R$1.2b

Produces, markets, and exports sugar, ethanol, and other by-products from sugarcane.

Plano & Plano Desenvolvimento Imobiliário

Market Cap: R$2.4b

Through its subsidiaries develops, constructs, and sells real estate projects in the São Paulo Metropolitan Region.

Empreendimentos Pague Menos

Market Cap: R$2.0b

Operates a chain of pharmacies in Brazil.

Veste Estilo

Market Cap: R$775.2m

Veste S.A. Estilo manufacture and sells clothing and clothing accessories in Brazil.

Ambipar Participações e Empreendimentos

Market Cap: R$21.3b

Ambipar Participações e Empreendimentos S.A.

Mitre Realty Empreendimentos e Participações

Market Cap: R$381.8m

Engages in the development, construction, and sale of residential and commercial real estate properties for middle-class and upper middle-class customers in Brazil.

Natura &Co Holding

Market Cap: R$13.0b

Engages in the manufacturing, distribution, and sale of cosmetics, fragrances, and personal care products in Brazil, Asia, Europe, North America, South America, the Middle East, Africa, and Oceania.

Rede D'Or São Luiz

Market Cap: R$64.5b

Operates a network of hospitals in Brazil.

Raia Drogasil

Market Cap: R$36.6b

Engages in the retail sale of medicines, perfumery, personal care and beauty products, cosmetics, dermocosmetics, and specialty medicines in Brazil.

Vittia

Market Cap: R$738.4m

Offers fertilizers in Brazil and internationally.

Azzas 2154

Market Cap: R$5.4b

Designs, develops, manufactures, markets, and sells shoes, handbags, clothing, and accessories for women and men.

Localiza Rent a Car

Market Cap: R$40.6b

Engages in car and fleet rental business in Brazil and internationally.

GPS Participações e Empreendimentos

Market Cap: R$8.9b

Together its subsidiaries, engages in the provision of facilities, security, logistics, utility engineering, industrial service, catering, and infrastructure services in Brazil.

Sendas Distribuidora

Market Cap: R$11.2b

Engages in the retail and wholesale sale of food products, bazaar items, and other products primarily in Brazil.

Hapvida Participações e Investimentos

Market Cap: R$16.6b

Operates in the health sector in Brazil.

Santos Brasil Participações

Market Cap: R$11.5b

Provides port container handling and logistics services in Brazil.

Fras-le

Market Cap: R$7.3b

Provides friction materials for braking systems and other products in Brazil, England, Argentina, the United States, China, India, Uruguay, the Netherlands, and internationally.