Global Materials Undervalued Stocks Based On Cash Flows

Pennar Industries

Market Cap: ₹29.4b

Operates as an engineering company in India and internationally.

Neo Performance Materials

Market Cap: CA$702.6m

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.

Nanjing COSMOS Chemical

Market Cap: CN¥7.0b

Engages in the research, development, production, and sale of daily chemical raw materials in China and internationally.

PPC

Market Cap: R8.5b

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

Ningxia Building Materials GroupLtd

Market Cap: CN¥6.3b

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

Nam Kim Steel

Market Cap: ₫7.5t

Engages in the manufacture and sale of steel and other products in Vietnam and internationally.

KB Components

Market Cap: SEK 2.3b

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

Pan African Resources

Market Cap: UK£1.9b

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

Yanbu National Petrochemical

Market Cap: ر.س17.4b

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

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.

Metsä Board Oyj

Market Cap: €1.0b

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

First Majestic Silver

Market Cap: CA$8.2b

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

Forterra

Market Cap: UK£368.1m

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

Lithium Royalty

Market Cap: CA$336.7m

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

Bansal Wire Industries

Market Cap: ₹50.3b

Manufactures and sells steel wires worldwide.

Sibanye Stillwater

Market Cap: R148.1b

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

Sichuan Guoguang Agrochemical

Market Cap: CN¥6.8b

Engages in the research and development, manufacture, marketing, and distribution of agrochemical products and materials in China and internationally.

SigmaRoc

Market Cap: UK£1.2b

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

Tubacex

Market Cap: €418.2m

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

Tokai Carbon

Market Cap: JP¥211.1b

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

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.

Acerinox

Market Cap: €2.9b

Manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally.

Nippon Steel

Market Cap: JP¥3.2t

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

Nickel Industries

Market Cap: AU$3.1b

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

Sobute New Materials

Market Cap: CN¥4.2b

Engages in the research, development, production, and sale of concrete admixtures in Mainland China and internationally.

Zignago Vetro

Market Cap: €609.9m

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

5N Plus

Market Cap: CA$1.8b

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

OceanaGold

Market Cap: CA$7.6b

A gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand.

New Found Gold

Market Cap: CA$779.5m

A mineral exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, Canada.

Anhui Jinhe IndustrialLtd

Market Cap: CN¥11.3b

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

Endeavour Mining

Market Cap: CA$14.2b

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

MOIL

Market Cap: ₹67.6b

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

Delignit

Market Cap: €20.5m

Engages in the development, production, and sale of ecological materials and system solutions in Germany.

Tongguan Gold Group

Market Cap: HK$14.0b

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

Wanguo Gold Group

Market Cap: HK$35.5b

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

Vedanta

Market Cap: ₹2.0t

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