Brazilian Low Leverage High Rewards

Grendene

Market Cap: R$4.9b

Engages in the development, production, distribution, and sale of footwear for women, men, and children in Brazil and internationally.

Odontoprev

Market Cap: R$5.9b

Provides private dental plans in Brazil.

Telefônica Brasil

Market Cap: R$89.2b

Operates as a mobile telecommunications company in Brazil.

Lojas Renner

Market Cap: R$15.3b

Operates as a fashion and lifestyle company in Brazil, Argentina, and Uruguay.

TIM

Market Cap: R$45.4b

A telecommunications company, provides mobile, fixed, long-distance, data transmission, and broadband services in Brazil.

Dimed Distribuidora de Medicamentos

Market Cap: R$1.4b

Sells medicines, perfumeries, personal care and beauty products, cosmetics, and dermo-cosmetics in Brazil.

Ambev

Market Cap: R$227.0b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada.

Tegma Gestão Logística

Market Cap: R$2.3b

Provides logistics management, transportation, and storage services in Brazil.

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas

Market Cap: R$2.1b

Engages in the acquisition, development, exploration, and sale of agricultural activities in Brazil, Paraguay, and Bolivia.

CSU Digital

Market Cap: R$695.2m

A technology company for financial services, provides digital solutions for payments, embedded finance, customer experience, and loyalty and incentive programs in Brazil.