SMALL CAPS
Explore Brazil’s smaller listed companies, their businesses, published developments and risks.
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180 articles
Small Caps• Aug 05
Brazil’s Small Cap Index Trails IBOV by Over 10% YTD, Signaling Deep Valuation Gap
The B3 Small Cap Index (SMLL) has underperformed the Ibovespa, presenting a potential value opportunity for investors.

Small Caps• Aug 05
Tegma (TGMA3) Net Income Soars 114% on Auto Demand, Approves R$1.14/Share Payout
By Tom Becker
PROSmall Caps• Aug 05
Tegma (TGMA3) Announces Dividend Distribution; Cut-off Date Set for Thursday
By Tom Becker
PROSmall Caps• Aug 05
Ecopetrol’s R$23 OPA for Brava Energia (BRAV3) Sets Price Floor in Partial Tender Auction on B3
By Tom Becker
PROSmall Caps• Aug 04
Goldman Sachs Double-Downgrades Ânima Educação (ANIM3) on Leverage, Significantly Cutting Valuation Estimate
By Tom Becker
PROSmall Caps• Aug 04
Brazil’s Mandatory Ethanol Blend Hike to 32% Fuels Demand Catalyst for Sugar-Energy Stocks
By Tom Becker
PROSmall Caps• Aug 04
BB Investimentos Swaps Out Steel and Retail, Adds Moura Dubeux (MDNE3) to Small-Cap Portfolio
By Tom Becker
PROSmall Caps• Aug 04
Marcopolo Net Profit Drops 15.5% in Q2 on Margin Pinch from Product Mix and FX Headwinds
By Tom Becker
Small Caps• Aug 04
Pague Menos Posts Record 6.5% EBITDA Margin on Extrafarma Synergies, Surpasses R$1 Billion in Digital Sales
By Tom Becker
PROSmall Caps• Aug 03
Marcopolo (POMO4) Rises to Top Small-Cap Pick on Federal Contract Visibility
By Tom Becker
PROSmall Caps• Aug 03
Brazilian Small Cap Index Trades at 33% Discount to Historical Average
By Tom Becker
Small Caps• Aug 03
Itaú BBA Lowers Minerva (BEEF3) Recommendation, Cites Stronger Real and Operational Outlook Concerns
By Tom Becker
PROSmall Caps• Aug 03
Brazil’s Tourism Boom Confirmed by OECD Report, Fueling Small-Cap Hospitality Plays HOOT4 and JHSF3
By Tom Becker
Small Caps• Aug 03
Small-Cap Brazil Index (SMLL) Trades at 33% Discount as Rate Sensitivity Weighs
By Tom Becker
Small Caps• Jul 31
Brazilian Small Caps Trade at Deepest Discount, Offering 33% Valuation Gap to Historical Average
By Tom Becker
Small Caps• Jul 31
Marcopolo (POMO4) Secures R$2.1 Billion 'School Path' Contracts, Boosting Revenue Visibility Through 2027
By Tom Becker
Small Caps• Jul 30
Brazilian Small Cap Index SMLL Plummets 1.96%, Extending YTD Loss Past 6%
By Tom Becker
Small Caps• Jul 30
Brazil Small-Cap Retail Stocks Face Q2 Earnings Headwind from Household Debt, Betting Boom
By Tom Becker
PROSmall Caps• Jul 30
Brazil’s Valuation Gap Widens as Foreign Capital Focuses on Large-Cap Stocks
By Tom Becker
PROSmall Caps• Jul 30
Brazil Small Cap Index (SMLL) Trades at Steep 33% Discount to Historical Average on B3
By Tom Becker
PROSmall Caps• Jul 30
Marcopolo and Orizon Top Analyst Small Cap Picks for Q2
By Tom Becker
Small Caps• Jul 30
Motiva (MOTV3) Net Profit Jumps 67% on New Concessions, Bolstering Toll Road Focus
By Tom Becker
PROSmall Caps• Jul 30
BRB Confirms Capitalization Plan After R$8.8 Billion Loss Provision Linked to Banco Master Fraud Scandal
By Tom Becker
Small Caps• Jul 29
BNDES Mais Mobilidade Approvals Hit R$ 20 Billion, Signaling Massive Demand for Brazilian Vehicle and Small-Cap Supply Chain Stocks
By Tom Becker
Small Caps• Jul 29
3tentos (TTEN3) Stock Plunges 16% as CVM Demands Answers on Alleged Selective Disclosure
By Tom Becker
Small Caps• Jul 29
3tentos Faces CVM Probe After 16.01% Plunge on Selective Disclosure Allegations
By Tom Becker
Small Caps• Jul 29
OceanPact (OPCT3) Acquires Dock Brasil for R$119M, Deepens Vertical Integration Strategy in Brazil Offshore
By Tom Becker
Small Caps• Jul 29
MRV Slashes Consolidated Net Debt by 7.5% After Finalizing US$139M Resia Asset Sale
By Tom Becker
PROSmall Caps• Jul 28
Unexpectedly Low IPCA-15 Fuels Selic Cut Hopes, Boosting Outlook for Brazilian Small-Cap Stocks
By Tom Becker
Small Caps• Jul 28