Global Materials Undervalued Stocks Based On Cash Flows

Constellium

Market Cap: US$1.3b

Engages in the design, manufacture, and sale of rolled and extruded aluminum products for the aerospace, packaging, automotive, commercial transportation, general industrial, and defense end-markets.

NOCIL

Market Cap: ₹30.7b

Engages in the manufacture and sale of rubber chemicals for tire and other rubber processing industries in India and internationally.

K92 Mining

Market Cap: CA$3.1b

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

Flotek Industries

Market Cap: US$207.5m

Operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally.

Cementos PacasmayoA

Market Cap: S/1.8b

A cement company, produces, distributes, and sells cement and cement-related materials in Peru.

Metallus

Market Cap: US$541.9m

Manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally.

China Kings Resources GroupLtd

Market Cap: CN¥13.6b

Invests in and develops fluorite mines in the People’s Republic of China.

Vedanta

Market Cap: ₹1.6t

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

Ibstock

Market Cap: UK£693.5m

Manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom.

Nanofilm Technologies International

Market Cap: S$355.2m

Provides nanotechnology solutions in Singapore, China, Japan, and Vietnam.

Endomines Finland Oyj

Market Cap: €174.3m

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

GCH Technology

Market Cap: CN¥6.5b

Researches, develops, produces, and sells nucleating agents, synthetic hydrotalcites, and composite additives in China and internationally.

S H Kelkar

Market Cap: ₹28.4b

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

Lingbao Gold Group

Market Cap: HK$11.3b

Primarily engages in mining, processing, smelting, refining, and sale of gold products in the People’s Republic of China.

PI Advanced Materials

Market Cap: ₩486.3b

Engages in the manufacture and sale of polyimide-based materials in South Korea.

Lithium Royalty

Market Cap: CA$285.0m

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

Pantoro Gold

Market Cap: AU$1.2b

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

Xiamen TungstenLtd

Market Cap: CN¥30.0b

Engages in the sale of tungsten, molybdenum, rare earth, and new energy materials in China.

J.K. Cement

Market Cap: ₹405.1b

Manufactures and sells cement and its related products under the J.K.

Teck Resources

Market Cap: CA$24.6b

Engages in research, exploration, development, processing, smelting, refining, and reclamation of mineral properties in Asia, the Americas, and Europe.

Usha Martin

Market Cap: ₹91.0b

Manufactures and sells steel wires, strands, wire ropes, and cord related accessories in India and internationally.

Duc Giang Chemicals Group

Market Cap: ₫34.6t

Manufactures industrial products in Vietnam.

Coeur Mining

Market Cap: US$3.6b

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

Mayr-Melnhof Karton

Market Cap: €1.6b

Manufactures and sells cartonboard and folding cartons in Germany, Austria, and internationally.

Saudi Kayan Petrochemical

Market Cap: ر.س9.1b

Manufactures and sells chemicals, polymers, and specialty products.

James Hardie Industries

Market Cap: AU$15.6b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, and the Philippines.

Asia Pile Holdings

Market Cap: JP¥33.8b

Through its subsidiaries, engages in the foundation construction business in Japan and Vietnam.

Borregaard

Market Cap: NOK 16.9b

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

KeePer Technical Laboratory

Market Cap: JP¥114.2b

Develops, manufactures, and sells car coatings, car washing chemicals and equipment, and other products in Japan.

Gold Royalty

Market Cap: US$250.6m

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

Yunnan Energy New Material

Market Cap: CN¥27.0b

Offers film products in China and internationally.

Caledonia Mining

Market Cap: US$252.0m

Primarily operates a gold mine in Jersey.

Polymetals Resources

Market Cap: AU$229.8m

Engages in the exploration and development of gold projects in West Africa.

Fenix Resources

Market Cap: AU$214.9m

Engages in the exploration, development, and mining of mineral tenements in Western Australia.

Tokai Carbon

Market Cap: JP¥192.6b

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

Zhaojin Mining Industry

Market Cap: HK$62.3b

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.