Global Materials Undervalued Stocks Based On Cash Flows

Endeavour Mining

Market Cap: CA$17.4b

Operates as a gold mining company in West Africa.

Camlin Fine Sciences

Market Cap: ₹21.2b

Research, develops, manufactures, and markets specialty chemicals, ingredients, and additive blend products in India and internationally.

Asia-potash International Investment (Guangzhou)Co.Ltd

Market Cap: CN¥53.3b

Engages in the processing, production, sale, and marketing of potash fertilizers in China and internationally.

Solvay

Market Cap: €2.6b

Provides basic and performance chemicals worldwide.

Titomic

Market Cap: AU$353.3m

Offers manufacturing and technology solutions for high-performance metal additive manufacturing in Australia, the United States, and Europe.

Accsys Technologies

Market Cap: UK£144.6m

Engages in the production and sale of solid wood and wood elements in the United Kingdom, Ireland, rest of Europe, the Americas, and internationally.

ENVIONEER

Market Cap: ₩77.0b

Develops, manufactures, and sells wet-process-based advanced composite materials in South Korea.

OceanaGold

Market Cap: CA$9.2b

Engages in the exploration, development, and operation of gold and gold/copper mines in the United States, the Philippines, and New Zealand.

PPC

Market Cap: R9.3b

Engages in the production and sale of cement, aggregates, ready mix concrete, and fly ash in South Africa, Botswana, and Zimbabwe.

Hochschild Mining

Market Cap: UK£2.9b

A precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United Kingdom, Canada, Brazil, and Chile.

Metalla Royalty & Streaming

Market Cap: CA$872.9m

A precious metals royalty and streaming company, engages in the acquisition and management of gold, silver, copper royalties, streams, and related production-based interests in Canada.

Grifal

Market Cap: €8.2m

Provides packaging solutions in Italy, rest of Europe, and internationally.

Solstice Advanced Materials

Market Cap: US$10.6b

Operates as a specialty chemicals and advanced materials company in the United States and internationally.

Canfor

Market Cap: CA$1.4b

Operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally.

Saudi Paper Manufacturing

Market Cap: ر.س2.0b

Manufactures and sells paper pulp and tissue paper products in the Kingdom of Saudi Arabia, Gulf Cooperation Council countries, and internationally.

Outokumpu Oyj

Market Cap: €2.2b

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

AECI

Market Cap: R11.9b

Provides products and services for mining, water treatment, plant and animal health, food and beverage, manufacturing, and general industrial sectors.

Ferroglobe

Market Cap: US$698.0m

Produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally.

Vittia

Market Cap: R$610.1m

Provides fertilizers in Brazil and internationally.

Vedanta

Market Cap: ₹2.5t

A diversified natural resources company, explores, extracts, and processes minerals, and oil and gas in India, Europe, China, the United States, Mexico, and internationally.

Zhejiang Jiemei Electronic And Technology

Market Cap: CN¥16.4b

Engages in the research and development, production, and sales of electronic packaging materials, electronic-grade film materials, and composite current collectors in China and internationally.

Holcim

Market Cap: CHF 35.6b

Provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa.

OceanaGold (Philippines)

Market Cap: ₱65.8b

Engages in the exploration, development, production, and utilization of gold, copper, silver, and other mineral resources in the Philippines.

National Industrialization

Market Cap: ر.س5.8b

Operates in the petrochemicals, chemicals, metals, wires, and industrial and automotive batteries sectors in the Kingdom of Saudi Arabia, rest of the Middle East, Asia, Africa, Europe, and internationally.

Northam Platinum Holdings

Market Cap: R124.7b

Through its subsidiary, Northam Platinum Limited, engages in the production and sale of platinum group metals.

Jindal Steel

Market Cap: ₹1.1t

Operates in the steel, mining, and infrastructure sectors in India and internationally.

Pennar Industries

Market Cap: ₹18.0b

Operates as an engineering company in India and internationally.

Surya Roshni

Market Cap: ₹43.1b

Manufactures and sells steel pipes and strips, and lighting and consumer durables in India.

Zignago Vetro

Market Cap: €587.0m

Produces, markets, and sells hollow glass containers in Italy, rest of Europe, and internationally.

GEVORKYAN s.r.o

Market Cap: Kč3.2b

Engages in the manufacture and sale of metal components.

Laxmi Organic Industries

Market Cap: ₹31.3b

Manufactures and trades acetyl intermediates and specialty chemicals in India and internationally.

Koskisen Oyj

Market Cap: €211.1m

Operates in wood industry in Finland, Japan, Germany, Poland, other European countries, and internationally.

Tongguan Gold Group

Market Cap: HK$14.4b

An investment holding company, engages in the exploration, mining, processing, smelting, and sale of gold and related products in China.

Jain Resource Recycling

Market Cap: ₹151.7b

Engages in the manufacture and export of non-ferrous metal products by way of recycling of non-ferrous metal scrap.

Middle East Company for Manufacturing and Producing Paper

Market Cap: ر.س1.5b

Engages in the production and sale of container boards and industrial papers in the Kingdom of Saudi Arabia, the Middle East, Africa, Asia, the Americas, and Europe.

Impala Platinum Holdings

Market Cap: R203.0b

Engages in the mining, concentrating, refining, and sells of platinum group metals (PGMs) and associated base metals in South Africa, Zimbabwe, and Canada.