U.K. Materials Potentially Undervalued Companies

Axalta Coating Systems

Market Cap: US$6.3b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

AMG Critical Materials

Market Cap: €1.3b

Develops, produces, and sells energy storage materials in the United States, China, Germany, France, Japan, Brazil, Africa, and internationally.

Huhtamäki Oyj

Market Cap: €2.8b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Clariant

Market Cap: CHF 3.6b

Develops, manufactures, distributes, and sells specialty chemicals in Switzerland, Europe, the Middle East, Africa, the United States, and the Asia Pacific.

Navigator Company

Market Cap: €2.3b

Manufactures and markets pulp and paper products worldwide.

Vidrala

Market Cap: €2.8b

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

Wienerberger

Market Cap: €2.7b

Produces and sells clay blocks, facing bricks, roof tiles, and ceramic pavers in Europe West, Europe East, and North America.

Tessenderlo Group

Market Cap: €1.2b

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

Breedon Group

Market Cap: UK£1.1b

Engages in the quarrying, manufacture, and sale of construction materials and building products in the Great Britain, Ireland, and the United States.

Zotefoams

Market Cap: UK£192.8m

Manufactures, distributes, and sells polyolefin foams in the United Kingdom, rest of Europe, North America, and internationally.

Atalaya Mining Copper

Market Cap: UK£1.2b

Engages in the mineral exploration and development in Spain.

Crown Holdings

Market Cap: US$11.2b

Engages in the packaging business in the United States and internationally.

Atalaya Mining Copper

Market Cap: UK£1.2b

Engages in the mineral exploration and development in Spain.

Zotefoams

Market Cap: UK£192.8m

Manufactures, distributes, and sells polyolefin foams in the United Kingdom, rest of Europe, North America, and internationally.

Kemira Oyj

Market Cap: €2.6b

Operates as a chemicals company in Finland, rest of Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Groupe Guillin

Market Cap: €428.9m

Produces and sells food packaging products in France, the United Kingdom, Italy, and internationally.

Fortuna Mining

Market Cap: CA$4.3b

Engages in the precious and base metal mining and related activities in Argentina, Côte d’Ivoire, Mexico, Peru, and Senegal.

Torex Gold Resources

Market Cap: CA$5.7b

A mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Mexico and the United States.

Corbion

Market Cap: €1.1b

Provides lactic acid and derivatives, food preservation solutions, functional ingredient systems, and algae-derived nutritional ingredients in the Netherlands, the United States, Asia, rest of Americas, the rest of Europe, the Middle East, and Africa.

Breedon Group

Market Cap: UK£1.1b

Engages in the quarrying, manufacture, and sale of construction materials and building products in the Great Britain, Ireland, and the United States.

Elopak

Market Cap: NOK 9.4b

Manufactures and supplies paper-based packaging system solutions for liquid products in Europe, the Middle East, Africa, Asia, Americas, Germany, Canada, Netherlands, Norway, the United States, and internationally.

Petropavlovsk

Market Cap: UK£47.5m

Petropavlovsk PLC operates as a gold mining company in the Far East of Russia.

Galiano Gold

Market Cap: CA$862.5m

Operates as a gold mining company.

Avery Dennison

Market Cap: US$12.7b

Operates as a materials science and digital identification solutions company in the North America, Europe, the Middle East, North Africa, Asia, and Latin America.

Outokumpu Oyj

Market Cap: €2.5b

Produces and sells various stainless-steel products in Finland, Germany, Italy, the United Kingdom, other European countries, North America, the Asia-Pacific, and internationally.

Huhtamäki Oyj

Market Cap: €2.8b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Heidelberg Materials

Market Cap: €32.8b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Vicat

Market Cap: €2.9b

Engages in the production and sale of cement, ready-mixed concrete, and aggregates for construction industry.

Aluminium Bahrain B.S.C

Market Cap: US$1.3b

Manufactures and sells aluminum and aluminum related products in the Kingdom of Bahrain, Europe, rest of Middle East, North Africa, Asia, and the Americas.

Pan African Resources

Market Cap: UK£3.0b

Engages in the mining, extraction, production, and sale of gold in South Africa.

Alcoa

Market Cap: US$17.4b

Engages in the bauxite mining, alumina refining, aluminum production, and energy generation business in Australia, Brazil, Canada, Iceland, Norway, Spain, the United States, and internationally.

FMC

Market Cap: US$1.9b

An agricultural sciences company, develops, markets, and sells crop protection chemicals in Latin America, North America, Europe, the Middle East, Africa, and Asia.

Mosaic

Market Cap: US$7.6b

Through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients.

Celanese

Market Cap: US$7.3b

Produces and sells engineered polymers worldwide.

Aperam

Market Cap: €3.0b

Produces and sells stainless steel and alloy products worldwide.

Heidelberg Materials

Market Cap: €32.8b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.