Global Materials Undervalued Stocks Based On Cash Flows

Warrior Met Coal

Market Cap: US$4.6b

Engages in the production and export of non-thermal steelmaking coal for the steel production by metal manufacturers in Europe, South America, and Asia.

Capricorn Metals

Market Cap: AU$5.9b

Explores, develops, evaluates, and produces gold in Australia.

KB Components

Market Cap: SEK 2.2b

Designs, develops, manufactures, and sells polymer components for light vehicles, heavy vehicles, medical, furniture, industrial, lighting, chrome plating, and industrial window applications in Sweden and internationally.

Zhaojin Mining Industry

Market Cap: HK$117.7b

An investment holding company, engages in exploration, mining, processing, smelting, and sale of gold and other metallic products in the People’s Republic of China and internationally.

Avino Silver & Gold Mines

Market Cap: CA$2.2b

Engages in the acquisition, exploration, and advancement of mineral properties in Mexico.

OCI Holdings

Market Cap: ₩2.8t

Operates as a chemical company in South Korea.

ACG Metals

Market Cap: UK£381.3m

Produces gold and silver in Turkey.

Kuraray

Market Cap: JP¥543.5b

Engages in the production and sale of resins, chemicals, fibers, activated carbon, and high-performance membranes and systems worldwide.

Pan American Silver

Market Cap: CA$33.2b

Engages in the exploration, mine development, extraction, processing, refining, and reclamation of mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil.

PPC

Market Cap: R9.5b

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

Endomines Finland Oyj

Market Cap: €353.6m

Engages in the mining and exploration of gold deposits in Finland and the United States.

Anglo Asian Mining

Market Cap: UK£340.2m

Owns and operates gold, silver, and copper producing properties in the Republic of Azerbaijan.

OceanaGold (Philippines)

Market Cap: ₱79.8b

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

ENVIONEERLtd

Market Cap: ₩82.8b

Offers high-tech composite materials for environmental industry.

Forterra

Market Cap: UK£379.1m

Engages in the manufacturing and sale of building products made from clay and concrete in the United Kingdom.

Accsys Technologies

Market Cap: UK£150.6m

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

Sinomine Resource Group

Market Cap: CN¥59.2b

Engages in the development and utilization of lithium battery new energy raw materials, rare light metals, and solid minerals in China and internationally.

Zhejiang Jiemei Electronic And Technology

Market Cap: CN¥15.5b

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.

Koskisen Oyj

Market Cap: €218.8m

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

Saudi Paper Manufacturing

Market Cap: ر.س2.1b

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

Vedanta

Market Cap: ₹2.6t

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

Zignago Vetro

Market Cap: €695.5m

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

AlzChem Group

Market Cap: €1.5b

Develops, produces, and markets a range of chemical specialties in Germany, European Union, rest of Europe, Asia, NAFTA region, and internationally.

Hochschild Mining

Market Cap: UK£3.3b

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.

Gold Royalty

Market Cap: US$987.2m

A precious metals-focused royalty company, provides financing solutions to the metals and mining industry.

Ramelius Resources

Market Cap: AU$8.4b

Engages in the exploration, evaluation, mine development and operation, production, and sale of gold.

Almonty Industries

Market Cap: CA$5.1b

Engages in mining, processing, and shipping of tungsten concentrate.

Alkane Resources

Market Cap: AU$1.9b

Operates as a gold exploration and production company in Australia.

Grifal

Market Cap: €11.6m

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

Northam Platinum Holdings

Market Cap: R134.2b

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

United States Antimony

Market Cap: US$1.1b

Produces and sells antimony, zeolite, and precious metals in the United States and Canada.

Taiwan Speciality Chemicals

Market Cap: NT$44.9b

Manufactures and sells specialty electronic-grade gases and chemicals in Taiwan.

Major Drilling Group International

Market Cap: CA$1.2b

Provides contract drilling services to mining and mineral exploration companies in the United States, Canada, South and Central America, Australasia, and Africa.

Deepak Nitrite

Market Cap: ₹218.8b

Manufactures, trades and sells chemical intermediates in India and internationally.

Sunjin Beauty ScienceLtd

Market Cap: ₩116.6b

Researches, develops, manufactures, and exports cosmetics, surfactant, and polymer bead products.

Endeavour Mining

Market Cap: CA$19.0b

Operates as a multi-asset gold producer in West Africa.