Coverage
- Company
- Country
- Alba
- Spain
- Alfa SAB de CV
- Mexico
- Alpargatas SA
- Brazil
- America Movil
- Mexico
- Antarchile
- Chile
- Arcelik
- Turkey
- Arco Platform
- Brazil
- Arcos Dorados
- Argentina
- Arezzo Industria e Comercio SA
- Brazil
- Assaí
- Brazil
Diário
- Date
- Company
- 2022-01-21
- B2W, Lojas Americanas, Banorte, MercadoLibre, Mercado Pago
- 2022-01-20
- Bradespar, VEF, GeoPark
- 2022-01-19
- Vina Concha y Toro SA, Duratex SA
- 2022-01-18
- Jerónimo martins, Grupo Sura, Grupo Argos, Vista Oil & Gas, Grupo Nutresa SA
- 2022-01-17
- Petrobras, MercadoLibre, Tenaris, Mercado Pago
- 2022-01-14
- Antarchile, Via Varejo, Copec, Duratex SA, MercadoLibre
- 2022-01-13
- Antarchile, Copec, Jerónimo martins, MercadoLibre, Grupo Sura, Alfa, Grupo Argos, Grupo Nutresa SA, Via Varejo, Arcos Dorados
- 2022-01-12
- CSAV, Quinenco, Grupo Sura, Rumo SA, Banamex, Grupo Argos, Grupo Nutresa SA
- 2022-01-11
- Grupo Argos, Bradespar, Grupo Sura, PagSeguro, Vibra Energia, CESP, Grupo Nutresa SA
- 2022-01-10
- Copec, MercadoLibre, Boa Vista Servicos SA, Wilson, Sons
Company research notes
- Date
- Company
- Title
- 2022-01-12
- Arcos Dorados
- Attractive price-to-growth | Focus on ESG
- 2022-01-07
- MercadoLibre, Mercado Pago
- New wallet regulation in Argentina
- 2022-01-05
- Quinenco, CSAV
- Deep discount over quality assets
- 2022-01-05
- Nubank
- Nu | Technology-driven | customer centric | Initiate with Buy
- 2021-12-16
- Cia de Locacao das Americas, Localiza
- Localiza | Unidas deal approval opens new chapter
- 2021-12-15
- RaiaDrogasil
- RaiaDrogasil | Attractive ROE | focus on customer loyalty
- 2021-12-10
- Arco Platform, Vasta, Prisa
- Consolidation and Recovery
- 2021-12-10
- Vista Oil & Gas, Vista Oil
- Vista Oil | Roadmap for net zero and 0.7x EV/EBITDA by 2026
- 2021-12-08
- GALP, Galp Energia SGPS SA
- GALP: Decarbonization | sustainable dividends
- 2021-12-07
- Bancolombia
- Bancolombia | Sub-par returns are structural
Models
- Company
- Country
- Sector
- Alba
- Spain
- Conglomerates
- Alpargatas
- Brazil
- Consumer
- America Movil
- Mexico
- Telecommunication Services
- Arco Platform
- Brazil
- Consumer
- Arcos Dorados
- Argentina, Sweden
- Financials, Holding companies
- B2W
- Brazil
- Consumer
- Burger King Brasil
- Brazil
- Consumer
- Centauro
- Brazil
- Consumer
- Antarchile, Copec
- Chile
- Conglomerates, Industrials
- Cosan
- Brazil, Chile
- Agriculture, Holding companies
Nau Preferencia
- Date
- Title
- 2022-01-17
- LatAm Small & Midcap Compendium | January 2022
- 2022-01-11
- Latin American Small Cap Top Picks | January 2022
- 2022-01-07
- Latin American Large Cap Top Picks | January 2022
- 2021-12-17
- LatAm Small & Midcap Compendium | December 2021
- 2021-11-19
- Nau Latin America Sustainability reporting responsibility | November 2021
- 2021-11-18
- LatAm Small & Midcap Compendium | November 2021
- 2021-11-03
- Nau ideas November 2021
- 2021-10-20
- LatAm Small & Midcap Compendium | October 2021
- 2021-09-23
- LatAm Small & Midcap Compendium | September 2021
- 2021-09-08
- Nau ideas September 2021
Latam Banks
- Date
- Company
- Title
- 2022-01-21
- Nubank, Banorte
- Latam Fintech | RappiCard one year on…
- 2022-01-12
- Banamex, Banorte, Banco Santander Mexico
- Latin American Banks | Citi to exit Mexico | What's next?
- 2022-01-11
- Kueski | Company meeting | shifting to BNPL
- 2021-11-05
- Latam American Fintech | Ualá buys ABC Capital
- 2021-11-04
- Brazilian Banks | 10 trends that matter
- 2021-10-25
- Mexican Banks | AFOREs’ profitability halves under cited cap
- 2021-10-19
- Mexican Fintech | Regulatory challenge for some wallets
- 2021-09-03
- Brazilian Banks | Towards the death of ATMs as we know them?
- 2021-07-16
- Brazilian Banks | The fight for single-homing customers
- 2021-07-09
- Femsa
- Latam Fintech | Spin by Oxxo revisited
Latam Infrastructure
- Date
- Company
- Title
- 2021-09-30
- Movida Participacoes SA, Movida, Unidas, Localiza
- Brazil mobility | Fending off the horde
- 2020-07-05
- Sanepar, Copasa, Sabesp
- Brazil water | A scale opportunity | Sector initiation
- 2020-06-12
- GAP, ASUR, OMA
- Mexican airports | Almost 3 years to full traffic recovery
- 2020-05-27
- Localiza, Unidas, Movida
- Brazilian car rental | Powerful, structural forces remain
- 2020-03-17
- Santos Brasil, Wilson, Sons , SM SAAM
- Latin American Ports | Company meeting notes
- 2020-01-07
- Unidas, Movida, Localiza
- Brazilian car rental | Growing pains in global mobility
- 2019-11-13
- Fibra Macquarie, Fibra Uno, Vesta, Terrafina
- The Mexican real estate sector | Vesta and F. Macquarie raised to Buy
- 2019-10-18
- Movida, Unidas, Localiza
- Brazilian car rental | Potential disruptors also in used cars
- 2019-10-02
- Movida, Localiza
- Brazilian car rental | Lawmakers turn their attention to RAC
- 2019-08-14
- OMA, ASUR, GAP
- Mexican airports | Traffic vs risk-free rate
Latam Energy
- Date
- Company
- Title
- 2021-11-24
- Quinenco, Copec, Antarchile
- Chile Fuel Retail | Small is beautiful
- 2021-01-28
- YPF SA, Petrobras
- Latin America energy agenda reset | Ecopetrol chases ISA deal
- 2020-11-16
- Cosan , BR Distribuidora, Ultrapar
- Brazil fuel retail | The twisting road post 3Q results
- 2020-08-05
- Petrobras
- BP agenda reset | Latin America energy implications
- 2020-06-03
- Cosan , BR Distribuidora, Ultrapar
- Brazil fuel retail | All eyes on lockdown lifting
- 2020-05-19
- GeoPark
- Colombian E&Ps | Rolling the barrels
- 2020-05-04
- GeoPark, Vista Oil & Gas, GALP, Petrobras
- Latin American oil sector | Where now?
- 2020-04-02
- Cosan , BR Distribuidora, Ultrapar
- Brazil fuel retail | Volume impact of asymmetric lockdown
- 2020-02-05
- Cosan , BR Distribuidora, Ultrapar
- Brazil fuel retail - Fight for market share intensifies
- 2020-02-03
- GeoPark
- Colombian E&Ps | still plenty in the tank
Latam TMT
- Date
- Company
- Title
- 2022-01-12
- Traxion, Walmex, Natura , B2W, MercadoLibre, Magazine Luiza, Via Varejo, Arezzo, Assaí, Lojas Americanas, Raia Drogasil, Renner, Nubank, Femsa
- Latin American e-commerce
- 2021-09-30
- America Movil, Telefonica, Entel, LiLAC
- Latin American Telecoms | LILA and AMX to form JV in Chile
- 2021-09-20
- Loggi, RaiaDrogasil, VEF, GPA, Grendene SA, Alpargatas, MercadoLibre, Pet Center Comercio e Participacoes SA, Walmex
- Latin American e-commerce
- 2021-08-20
- Petz, Walmex, Marisa Lojas SA, Magazine Luiza, B2W, MercadoLibre, Grendene, Aliansce, Natura , Via Varejo, Mercado Pago, Grendene SA, Lojas Americanas, GPA, Marisa, Femsa, Aliansce Sonae Shopping Centers sa
- Latin American e-commerce
- 2021-07-15
- Renner, Lojas Americanas, Arezzo, Via Varejo, Magazine Luiza, MercadoLibre, Duratex SA, Petz, B2W, Duratex, Walmex, Arezzo Industria e Comercio SA
- Latin American e-commerce
- 2021-06-28
- America Movil, Televisa
- A proliferation of streaming platforms
- 2021-05-21
- Via Varejo, B2W, Lojas Americanas, MercadoLibre, Magazine Luiza
- Q1 trends | growth, groceries, logistics
- 2021-04-08
- Stone, Stone Co, PagSeguro
- Brazilian Payments | Reinstating our preference for PAGS
- 2021-01-29
- Telefonica
- Discontinuation of coverage
- 2021-01-29
- Telefonica, TIM Brasil, America Movil, Vivo, Liberty Latin America Ltd, Entel
- Consolidation | 5G | Towers
Holding companies and Conglomerates
- Date
- Title
- 2022-01-14
- Latam Special Sits Events | Holding companies Top Picks
- 2021-10-21
- Events | Accelerating activity
- 2021-07-30
- Single-asset holdcos | US$36bn lost value
- 2021-06-09
- Who's next?
- 2021-04-07
- Creating value through simplification
- 2021-01-04
- Thinking like an owner
- 2020-09-21
- Monetising value through spin-offs
- 2020-01-06
- The LatAm compounders: focus on NAV growth
- 2019-09-04
- The search for value with a catalyst
- 2019-07-02
- Focus on capital allocation
Latam Consumer
- Date
- Company
- Title
- 2020-12-02
- Pague Menos, Panvel, RaiaDrogasil, Porto Seguro, Fleury, Odontoprev
- Brazilian Healthcare | Digital disruption on the horizon
- 2020-09-01
- Pague Menos, Natura , Lojas Americanas, Via Varejo, Guararapes, Carrefour Brasil, Panvel, RaiaDrogasil, Arcos Dorados, Centauro, Marisa, GPA, MercadoLibre, Renner, Hering, Burger King Brasil, Arezzo, B2W, Alpargatas, Magazine Luiza
- Brazil eCommerce | Spotlight on 26 Brazilian retailers
- 2020-04-06
- GPA, Carrefour Brasil
- The Atacarejo food retailing format
- 2020-04-06
- GPA, Carrefour Brasil
- The Atacarejo food retailing format
- 2019-11-25
- RaiaDrogasil, Ultrapar, Panvel
- Brazilian drug retailers in pictures
- 2019-03-25
- Walmex, Femsa, Fragua
- Mexican drug retailers
- 2019-02-11
- BR Distribuidora, Ultrapar, Cosan
- Back to growth | margin normalisation
- 2018-11-30
- IMC, Burger King Brasil, Arcos Dorados
- Another e-revolution takes grip
- 2018-11-12
- RaiaDrogasil, Ultrapar
- Northern players feel the pain in Q3
- 2018-10-05
- BR Distribuidora, Ultrapar, Cosan
- An inflexion point in August?
Latam Macro
- Date
- Title
- 2020-03-13
- Valuation | Latin America | A 255bp spike in market risk premium
- 2019-12-17
- Brazil | BDR market | Key regulatory changes on the horizon
- 2019-12-02
- Valuation | Latin America | A discounted cash flow framework
- 2019-08-19
- Valuation | Latin America | Estimating the cost of equity
- 2017-05-05
- Latin America: US tax reform implications
- 2017-04-11
- Brazil Taxes: Payroll-tax breaks on the spotlight again
- 2016-12-05
- Mexican macro: Carstens out; minimum nominal wage up 9.7%
- 2016-11-17
- Brazil: Spending cup without pension reform is empty
- 2016-10-20
- Colombian Taxes: Dissecting the proposed tax reforms
- 2016-10-18
- Peruvian Macro: Commercial bank lending to grow below par
Nau Astrolabe
- Date
- Author
- Title
- 2018-05-31
- Cirrus Research
- Cirrus Research | Global Notepad – Latin America: Be Selective, Leadership too Narrow
- 2016-09-12
- Luis Arenzana
- Estimating risk free rates in emerging markets
- 2015-09-21
- George Magnus
- George Magnus on China's economy: no collapse, but it's serious - so are the politics
- 2015-05-27
- World Bank
- Shared Prosperity and Poverty Eradication in Latin American – a World Bank Study
- 2014-11-11
- Lucas de Aragão
- The View from Brasilia – What Next?
- 2014-09-03
- Jonathan Anderson
- Please, Please, Just Give Us Tapering Already
- 2014-04-28
- Michael Shaoul
- Prospects for Brazil and the Bovespa
Company meeting notes
- Date
- Company
- 2022-01-07
- Boa Vista Servicos SA
- 2021-11-02
- YPF SA, Tenaris, Globant, Ternium, GeoPark
- 2021-09-14
- Loggi, Loggi
- 2021-02-26
- Banorte
- 2021-01-07
- Tenaris
- 2020-06-09
- Tenaris, Tenaris
- 2020-06-05
- Canacol
- 2020-05-29
- Terpel, Copec
- 2020-05-06
- Hypera Pharma
- 2020-04-29
- Qualitas, Ienova, Fragua, Gruma, ASUR, Femsa, La Comer, Liverpool , Hoteles City Express, OMA, Walmex, Traxion