Spanish Materials Potentially Undervalued Companies

Tubacex

Market Cap: €439.7m

Engages in the manufacturing and sale of stainless steel and nickel tubes in Spain and internationally.

Vidrala

Market Cap: €3.2b

Manufactures and sells glass containers for food and beverage products in the United Kingdom, Ireland, Italy, Iberian Peninsula, rest of Europe, and Brazil.

Plásticos Compuestos

Market Cap: €10.5m

Engages in the design, production, and marketing of mineral fillers, and color concentrates and additives for the plastics processing industry in Spain, Germany, France, and internationally.

Inmocemento

Market Cap: €1.7b

Through its subsidiaries, engages in the cement and real estate businesses in Spain and internationally.

Bradespar

Market Cap: €7.9b

Through its interest in VALE, operates as a mining company in the production of iron ore and pellets, and nickel in Brazil.

Volcan Compañía MineraA

Market Cap: €2.9b

Explores for and operates mining concessions in Peru, Europe, Asia, and the United States.

Aperam

Market Cap: €2.6b

Produces and sells stainless steel and alloy products worldwide.

Minerales y Productos Derivados

Market Cap: €3.9m

Produces, sells, and markets minerals and chemical products in Spain and internationally.

ArcelorMittal

Market Cap: €30.7b

Operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa.

Asturiana de Laminados

Market Cap: €12.3m

Asturiana De Laminados S.A., trading as elZinc, develops and manufactures rolled zinc strips in Spain and internationally.

Ercros

Market Cap: €313.6m

Manufactures and sells basic chemicals, intermediate chemicals, and pharmaceuticals in Spain.

ENCE Energía y Celulosa

Market Cap: €567.3m

Produces and sells hardwood pulp and renewable energy in Spain, Germany, Poland, Italy, the Netherlands, the United Kingdom, Greece, France, Turkey, and internationally.

Vale

Market Cap: €322.6b

Produces iron ore and nickel in Asia, the Americas, Europe, and internationally.