U.K. Materials Potentially Undervalued Companies

Axalta Coating Systems

Market Cap: US$6.2b

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.

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: €2.4b

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: €2.8b

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

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.

Tessenderlo Group

Market Cap: €1.2b

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

Zotefoams

Market Cap: UK£192.3m

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.

Akzo Nobel

Market Cap: €8.9b

Produces and sells paints and coatings worldwide.

Atalaya Mining Copper

Market Cap: UK£1.2b

Engages in the mineral exploration and development in Spain.

Zotefoams

Market Cap: UK£192.3m

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

Elopak

Market Cap: NOK 9.5b

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.

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.

Groupe Guillin

Market Cap: €412.2m

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

Torex Gold Resources

Market Cap: CA$5.8b

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

Petropavlovsk

Market Cap: UK£47.5m

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

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.

Vicat

Market Cap: €2.9b

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

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: €3.0b

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

Avery Dennison

Market Cap: US$13.0b

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.

Galiano Gold

Market Cap: CA$880.7m

Operates as a gold mining company.

AltynGold

Market Cap: UK£337.6m

Engages in the exploration and development of gold producing mine in the Republic of Kazakhstan.

ERAMET

Market Cap: €1.5b

Produces and sells manganese and nickel metals in Asia, Europe, North America, and internationally.

Imerys

Market Cap: €1.9b

Engages in the supply of specialty minerals for various industries across Europe, the Middle East, Africa, Asia Pacific, and America.

CPH Group

Market Cap: CHF 360.9m

Develops, manufactures, and distributes chemical products and packaging solutions for pharmaceutical customers in Europe, Asia, and North and South America.

Capital

Market Cap: UK£287.8m

Provides drilling, mining, mineral assaying, and surveying services.

H+H International

Market Cap: DKK 1.6b

Engages in the provision of wall building materials and solutions in the United Kingdom, Central Western Europe, and Poland.

Gränges

Market Cap: SEK 17.3b

Engages in the development, production, and distribution of rolled aluminum products in the Americas, Asia, and Europe.

SergeFerrari Group

Market Cap: €78.6m

Designs, develops, manufactures, and markets composite materials for lightweight architectural and outdoor applications in France and internationally.

Serabi Gold

Market Cap: UK£263.6m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Goldplat

Market Cap: UK£25.6m

Operates as a mining services company in South Africa and Ghana.

AltynGold

Market Cap: UK£337.6m

Engages in the exploration and development of gold producing mine in the Republic of Kazakhstan.

LANXESS

Market Cap: €1.6b

A specialty chemicals company, engages in the development, manufacture, and marketing of chemical intermediates, additives, and consumer protection products worldwide.