Portuguese Undervalued over 20% based on DCF

Jerónimo Martins SGPS

Market Cap: €13.4b

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

Galp Energia SGPS

Market Cap: €11.4b

Operates as an integrated energy operator in Portugal and internationally.

Banco Comercial Português

Market Cap: €11.0b

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

Sonae SGPS

Market Cap: €2.5b

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

Navigator Company

Market Cap: €2.2b

Manufactures and markets pulp and paper products worldwide.

Vista Alegre Atlantis SGPS

Market Cap: €172.7m

Produces, distributes, and sells articles of porcelain, crystal and hand glass, stoneware, and earthenware in Portugal.

Grupo Média Capital SGPS

Market Cap: €136.9m

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.

Atrium Bire SIGI

Market Cap: €110.3m

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

Glintt Global

Market Cap: €101.7m

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