Global Materials Undervalued Stocks Based On Cash Flows

Warrior Met Coal

Market Cap: US$4.1b

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

Ningxia Building Materials GroupLtd

Market Cap: CN¥6.3b

Manufactures and sells cement, cement clinkers, concrete, and aggregates in China.

Genesis Minerals

Market Cap: AU$7.5b

Engages in the gold mining, project development and exploration activities in Western Australia.

PPC

Market Cap: R8.2b

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

Pennar Industries

Market Cap: ₹29.5b

Operates as an engineering company in India and internationally.

Yanbu National Petrochemical

Market Cap: ر.س17.1b

Manufactures and sells petrochemical products in the Kingdom of Saudi Arabia, the United States, Africa, the Middle East, Europe, and Asia.

KB Components

Market Cap: SEK 2.4b

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

Sinolong New Materials

Market Cap: CN¥11.6b

Manufactures polymer and film materials.

Merdeka Gold Resources

Market Cap: Rp54.7t

Operates as a holding company that focuses on gold mining and its associated minerals, processing, and other related business activities.

Cydsa. de

Market Cap: Mex$9.2b

Together its subsidiaries, produces and markets salt, chlorine, caustic soda, and refrigerant gases, electricity and steam cogeneration, and underground storage of hydrocarbons in Mexico, the United States, Canada, Central and South America, Asia, and Europe.

Neo Performance Materials

Market Cap: CA$720.9m

Engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in China, Japan, Thailand, South Korea, North America, Europe, and internationally.

Forterra

Market Cap: UK£381.1m

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

Coeur Mining

Market Cap: US$11.1b

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

Rajratan Global Wire

Market Cap: ₹22.1b

Engages in manufacturing and sale of tyre bead wires in India and Thailand.

AlzChem Group

Market Cap: €1.3b

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

Shengda ResourcesLtd

Market Cap: CN¥19.2b

Through its subsidiaries, engages in the mining development, resource trading, and investment management businesses in China.

Bansal Wire Industries

Market Cap: ₹49.8b

Manufactures and sells steel wires worldwide.

Metsä Board Oyj

Market Cap: €1.1b

Engages in the folding boxboard, fresh fibre linerboard, and market pulp businesses in Finland and internationally.

Essentra

Market Cap: UK£277.8m

Engages in the manufacturing and distribution of plastic injection moulded, vinyl dip moulded, and metal items in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Montage Gold

Market Cap: CA$3.2b

Engages in the acquisition, exploration, and development of mineral properties in Africa.

Anhui Jinhe IndustrialLtd

Market Cap: CN¥11.0b

Engages in the research and development, production, and sales of food additives, daily chemical flavors, bulk chemicals, and intermediates.

Tokai Carbon

Market Cap: JP¥215.6b

Manufactures and sells carbon-related products and services in Japan.

Pan African Resources

Market Cap: UK£2.1b

Engages in the mining, extraction, production, and sale of gold in South Africa.

Zignago Vetro

Market Cap: €630.2m

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

MOIL

Market Cap: ₹67.4b

Engages in the exploration, development, and marketing of various grades of manganese ores in India and Internationally.

Lithium Royalty

Market Cap: CA$391.1m

Operates as a lithium-focused royalty company in Canada, the United States, Australia, Argentina, Brazil, and South America.

5N Plus

Market Cap: CA$1.8b

Produces and sells specialty semiconductors and performance materials in the Americas, Europe, Asia, and internationally.

Nickel Industries

Market Cap: AU$3.1b

Engages in nickel ore mining, nickel pig iron, cobalt, and nickel matte production activities.

NanoXplore

Market Cap: CA$406.4m

A graphene company, manufactures and supplies graphene powder for use in transportation and industrial markets in Australia.

Wanguo Gold Group

Market Cap: HK$36.6b

An investment holding company, engages in mining, ore processing, and sale of concentrate products in the People’s Republic of China and Solomon Islands.

Tongguan Gold Group

Market Cap: HK$14.3b

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

Advanced Nano Products

Market Cap: ₩686.6b

Manufactures and sells high-tech materials, such as displays, semiconductors, secondary batteries, and solar cells in South Korea and internationally.

Sunjin Beauty ScienceLtd

Market Cap: ₩112.3b

SUNJIN BEAUTY SCIENCE Co. ,Ltd. researches, develops, manufactures, and exports cosmetics, surfactant, and polymer bead products.

Lynas Rare Earths

Market Cap: AU$15.1b

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

Vedanta

Market Cap: ₹2.1t

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