Portuguese Materials Potentially Undervalued Companies

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.7b

Through its subsidiaries, produces and sells pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania.

Navigator Company

Market Cap: €2.3b

Manufactures and markets pulp and paper products worldwide.

Corticeira Amorim S.G.P.S

Market Cap: €905.7m

Engages in the acquisition and transformation of cork into various cork and cork-related products in Europe, the United States, Rest of America, Australasia, and Africa.