Spanish Materials Potentially Undervalued Companies

Vidrala

Market Cap: €3.0b

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

ArcelorMittal

Market Cap: €42.5b

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

Usinas Siderúrgicas de Minas Gerais

Market Cap: €7.9b

Operates in the steel industry and related activities in Brazil and internationally.

Plásticos Compuestos

Market Cap: €9.2m

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.

Tubacex

Market Cap: €424.3m

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

Inmocemento

Market Cap: €1.8b

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

Volcan Compañía MineraA

Market Cap: €4.5b

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

Bradespar

Market Cap: €9.1b

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

Aperam

Market Cap: €3.1b

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.

Ercros

Market Cap: €309.1m

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

Asturiana de Laminados

Market Cap: €13.6m

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

ENCE Energía y Celulosa

Market Cap: €599.3m

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

Miquel y Costas & Miquel

Market Cap: €543.0m

Engages in the manufacture and sale of thin and special lightweight paper for the tobacco industry in Spain, the European Union, OECD countries, and internationally.