Global Materials Undervalued Stocks Based On Cash Flows

Greenpanel Industries

Market Cap: ₹24.8b

Engages in the manufacturing and sale of plywood, medium density fibre board (MDF), and allied products under the Greenpanel brand name in India and internationally.

Koskisen Oyj

Market Cap: €209.1m

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

Borregaard

Market Cap: NOK 15.8b

Engages in the development, production, and marketing of specialized biochemicals and biomaterials in Norway, rest of Europe, Asia, the United States, and internationally.

Gujarat Fluorochemicals

Market Cap: ₹499.6b

Engages in the manufacture and trading of refrigerant gases, fluorochemicals, fluoropolymers, battery chemicals, wind energy, and renewable energy solutions in India, Europe, the United States, and internationally.

Anhui Tongguan Copper Foil Group

Market Cap: CN¥81.8b

Engages in the research, development, manufacture, and sales of various electronic copper foils in China and internationally.

Navigator Company

Market Cap: €2.3b

Engages in the production of forestry, pulp, paper, tissue, and packaging solutions worldwide.

Bumi Resources Minerals

Market Cap: Rp86.5t

Through its subsidiaries, engages in the exploration and development of mineral properties in Asia.

Zijin Gold International

Market Cap: HK$351.7b

An investment holding company, engages in the exploration, mining, processing, smelting, refining, and sale of gold and other non-ferrous metals.

Fortuna Mining

Market Cap: CA$4.3b

Engages in the precious and base metal mining and related activities in Argentina, Côte d’Ivoire, Mexico, Peru, and Senegal.

S H Kelkar

Market Cap: ₹23.5b

Manufactures and supplies fragrances, flavors, and aroma ingredients in India, Europe, and internationally.

TMK Chemical Bhd

Market Cap: RM 2.7b

Engages in sourcing, processing, and distribution of inorganic chemicals and value-added services in Malaysia, Vietnam, Singapore, Indonesia, Brunei and internationally.

Endomines Finland Oyj

Market Cap: €313.8m

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

Bellevue Gold

Market Cap: AU$2.2b

Engages in the exploration, development, mining, and processing of gold properties in Australia.

Chemtrade Logistics Income Fund

Market Cap: CA$1.8b

Offers industrial chemicals and services in Canada, the United States, and Brazil.

China XLX Fertiliser

Market Cap: HK$13.5b

An investment holding company, engages in the development, manufacture, and sale of urea primarily in Mainland China and internationally.

Coeur Mining

Market Cap: US$17.9b

Operates as a gold and silver producer in the United States, Canada, and Mexico.

AECI

Market Cap: R13.2b

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

Aurelia Metals

Market Cap: AU$601.2m

Engages in the exploration and production of mineral properties in Australia.

SSR Mining

Market Cap: CA$9.0b

Engages in the acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina.

Zignago Vetro

Market Cap: €629.3m

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

Yanbu National Petrochemical

Market Cap: ر.س16.8b

Manufactures and sells petrochemical products in the Kingdom of Saudi Arabia.

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.

P.S.P. Specialties

Market Cap: ฿11.5b

Manufactures and sells lubricant and grease oils in Thailand.

Greenply Industries

Market Cap: ₹35.8b

An interior infrastructure company, engages in the manufacture and trading of plywood and allied products in India and internationally.

Tubacex

Market Cap: €368.0m

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

Wesdome Gold Mines

Market Cap: CA$4.9b

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada.

China Jushi

Market Cap: CN¥161.8b

Manufactures and sells fiberglass and related products in China and internationally.

Sibanye Stillwater

Market Cap: R122.9b

Operates as a precious metals mining company in South Africa, the United States, Europe, and Australia.

Evolve Royalties

Market Cap: CA$150.7m

Operates as a copper-focused royalty and streaming company in Canada.

Indian Metals and Ferro Alloys

Market Cap: ₹80.4b

Engages in the production and sale of ferro chrome in India and internationally.

Huhtamaki India

Market Cap: ₹21.8b

Engages in the manufacture and sale of packaging materials in India.

Lynas Rare Earths

Market Cap: AU$15.8b

Engages in the exploration, development, mining, extraction, and processing of rare earth minerals in Australia and Malaysia.

Jiaxin International Resources Investment

Market Cap: HK$27.0b

Operates as a tungsten mining company focusing on the development of the Boguty Project based in the Republic of Kazakhstan.

Griffin Mining

Market Cap: UK£517.4m

A mining and investment company, engages in the mining, exploration, and development of mineral properties.

Avino Silver & Gold Mines

Market Cap: CA$1.6b

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

Titomic

Market Cap: AU$297.1m

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