Global Materials Undervalued Stocks Based On Cash Flows

Essentra

Market Cap: UK£282.1m

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.

Green Oleo

Market Cap: €25.7m

Produces and sells fine oleochemicals from bridgeable and renewable sources.

Neogen Chemicals

Market Cap: ₹44.6b

Engages in the manufacture and sale of specialty chemicals in India.

SigmaRoc

Market Cap: UK£1.4b

Through its subsidiaries, invests in and/or acquires projects in the quarried materials sector.

Tibet GaoZheng Explosive

Market Cap: CN¥11.2b

Produces and sells civil explosives and blasting products in China.

Tianqi Lithium

Market Cap: CN¥69.6b

Invests, produces, process, extracts, and sells lithium, lithium concentrate, and the lithium specialty compounds in Australia, Chile, and China.

First Majestic Silver

Market Cap: CA$7.0b

Engages in the acquisition, exploration, development, and production of mineral properties in North America.

Verallia Société Anonyme

Market Cap: €2.8b

Manufactures and sells glass packaging products for beverages and food products worldwide.

Endomines Finland Oyj

Market Cap: €318.7m

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

Zhejiang Sanmei Chemical IndustryLtd

Market Cap: CN¥33.8b

Zhejiang Sanmei Chemical Industry Co., Ltd.

KB Components

Market Cap: SEK 2.5b

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

Shenzhen Batian Ecotypic Engineering

Market Cap: CN¥10.1b

Shenzhen Batian Ecotypic Engineering Co., Ltd.

Gold Royalty

Market Cap: US$631.6m

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

Kocaer Celik Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺27.5b

Engages in the production and sale of iron and steel products in Turkey and internationally.

Metsä Board Oyj

Market Cap: €1.2b

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

MEC

Market Cap: JP¥64.6b

Engages in the research and development, production, and sale of chemicals, equipment, and related materials used in the production of printed circuit boards in Japan, Taiwan, Hong Kong, China, Thailand, and Europe.

PI Advanced Materials

Market Cap: ₩522.7b

Operates as a subsidiary of Arkema S.A.

BEWI

Market Cap: NOK 4.2b

Produces, markets, and sells packaging, components, and insulation solutions in Norway and internationally.

MOIL

Market Cap: ₹72.7b

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

DKS

Market Cap: JP¥55.9b

Engages in the production and sale of surfactants, other industrial chemicals, and life sciences-related products in Japan and internationally.

AlzChem Group

Market Cap: €1.4b

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

SDIC Fengle Seed

Market Cap: CN¥4.3b

Engages in the research, development, production, and sale of seeds, agrochemicals, and spices in China.

Wanguo Gold Group

Market Cap: HK$37.1b

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

Discovery Silver

Market Cap: CA$3.9b

A mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada.

Stora Enso Oyj

Market Cap: €7.7b

Provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally.

Tokai Carbon

Market Cap: JP¥217.9b

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

Fenix Resources

Market Cap: AU$309.0m

Provides mining, logistics, and port services in Western Australia.

Ultrafabrics HoldingsLtd

Market Cap: JP¥11.6b

Manufactures and sells polyurethane leather products in Japan, North America, Europe, and internationally.

Versamet Royalties

Market Cap: CA$793.6m

Operates as metals royalty and streaming company, engages in the acquiring and managing royalties, streams, and other similar interests on metals and mining operations and projects in Peru, Africa, Canada.

Hoa Phat Group

Market Cap: ₫223.7t

Produces and sells steel products in Vietnam.

K92 Mining

Market Cap: CA$3.8b

Engages in the exploration and development of mineral deposits in Papua New Guinea.

Jubilant Ingrevia

Market Cap: ₹112.2b

Engages in life science products and solutions in India, the United States, Europe, China and internationally.

DGL Group

Market Cap: AU$136.9m

Provides specialty chemical formulation, warehousing distribution, waste management and recycling solutions in Australia, New Zealand, and the United States.

S&D

Market Cap: ₩338.5b

Develops and sells health functional food in South Korea.

Nippon Steel

Market Cap: JP¥3.4t

Engages in steelmaking and steel fabrication, engineering, chemicals and materials, and system solutions businesses in Japan and internationally.

Afrimat

Market Cap: R5.9b

Operates as a mining and materials company primarily in the southern African region.