Belgian Materials Healthy potentially undervalued

Tessenderlo Group

Market Cap: €1.2b

Engages in the agriculture, valorizing bio-residuals, machinery, mechanical engineering, electronics, energy, and industrial solution businesses worldwide.

Umicore

Market Cap: €3.9b

Operates as a materials technology and recycling company in Belgium, Europe, the Asia-Pacific, North America, South America, and Africa.

Syensqo

Market Cap: €5.0b

Engages in the research, development, and production of advanced materials for industrial and consumer applications worldwide.