Global Materials Potentially Undervalued Companies

COFCO Biotechnology

Market Cap: CN¥11.0b

Engages in the processing and production of biochemical products in China.

DGL Group

Market Cap: AU$151.2m

Provides specialty chemical formulation, warehousing distribution, waste management and recycling solutions in Australia, New Zealand, and the United States.

LANXESS

Market Cap: €1.9b

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

Tubacex

Market Cap: €446.4m

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

Cascades

Market Cap: €972.1m

Produces, converts, and markets packaging and tissue products in Canada and the United States.

PTT Global Chemical

Market Cap: €118.4b

Operates as a chemical company in Thailand and internationally.

Methanex

Market Cap: US$4.1b

Produces and supplies methanol in Asia Pacific, North America, Europe, and South America.

Mayr-Melnhof Karton

Market Cap: €1.5b

Manufactures and sells cartonboard and folding cartons in Germany, Austria, and internationally.

Aurubis

Market Cap: €4.5b

Processes metal concentrates and recycling materials in Germany.

International Flavors & Fragrances

Market Cap: US$15.5b

Manufactures and markets food, beverage, health and biosciences, scent, pharma solutions, and complementary adjacent products in the United States, Europe, and internationally.

Arkema

Market Cap: €4.1b

Manufactures and sells specialty materials in Europe, the United States, Canada, Mexico, China, Hong Kong, Taiwan, and internationally.

TFF Group

Market Cap: €362.1m

Manufactures and distributes barrels and wood products for the aging of wines and alcohols in France, rest of Europe, the United States, Asia, and internationally.

Norske Skog

Market Cap: €1.6b

Engages in the production and sale of publication and packaging paper products in Norway, rest of Europe, North America, Asia, and Africa.

Tronox Holdings

Market Cap: €618.2m

Operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific.

Evonik Industries

Market Cap: €6.8b

Produces and sells specialty chemicals in the Asia-Pacific, Europe, the Middle East, Africa, Central and South America, and North America.

Dow

Market Cap: €15.7b

Through its subsidiaries, provides various materials science solutions for packaging, infrastructure, mobility, and consumer applications in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America.

SP Group

Market Cap: DKK 3.2b

Manufactures and sells moulded plastic and composite components in Denmark, rest of Europe, the Americas, Asia, the Middle East, Australia, and Africa.

Asahi Kasei

Market Cap: €1.6t

Engages in material, homes, healthcare businesses.

Shin-Etsu Chemical

Market Cap: €9.0t

Provides infrastructure, electronics, and functional materials in Japan.

Anglo American

Market Cap: UK£29.1b

Operates as a mining company in the United Kingdom and internationally.

TFF Group

Market Cap: €362.1m

Manufactures and distributes barrels and wood products for the aging of wines and alcohols in France, rest of Europe, the United States, Asia, and internationally.

Robex Resources

Market Cap: CA$774.2m

Engages in the exploration, development, and production of gold in West Africa.

Perseus Mining

Market Cap: US$6.4b

Explores, evaluates, develops, and mines for gold properties in Ghana, Côte d’Ivoire, Tanzania, and Sudan.

thyssenkrupp

Market Cap: €7.3b

Operates as an industrial and technology company in Germany and internationally.

Aluminum Corporation of China

Market Cap: US$139.6b

Primarily engages in the exploration and mining of bauxite, coal, and other resources in the People's Republic of China and internationally.

Celanese

Market Cap: US$4.4b

A chemical and specialty materials company, manufactures and sells engineered polymers worldwide.

thyssenkrupp

Market Cap: US$7.3b

Operates as an industrial and technology company in Germany and internationally.

Suzano

Market Cap: US$62.1b

Manufactures and sells pulp and paper products in Brazil and internationally.

Asahi Kasei

Market Cap: €1.6t

Engages in material, homes, healthcare businesses.

Aperam

Market Cap: €2.1b

Produces and sells stainless steel and alloy products worldwide.

NV Bekaert

Market Cap: €2.0b

Provides steel wire transformation and coating technologies worldwide.

Eldorado Gold

Market Cap: US$8.1b

Engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, and Greece.

Ternium

Market Cap: US$6.8b

Manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally.

Aperam

Market Cap: €2.1b

Produces and sells stainless steel and alloy products worldwide.

Mativ Holdings

Market Cap: US$611.2m

Manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally.

Tipco Asphalt

Market Cap: €23.2b

Engages in the manufacture and distribution of asphalt and petroleum products in Thailand and internationally.