Global Materials Undervalued Stocks Based On Cash Flows

Warrior Met Coal

Market Cap: US$4.2b

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

Neo Performance Materials

Market Cap: CA$668.1m

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.

Harmony Gold Mining

Market Cap: R186.5b

Engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australia.

Pennar Industries

Market Cap: ₹30.4b

Operates as an engineering company in India and internationally.

Tianqi Lithium

Market Cap: CN¥91.7b

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

Pan African Resources

Market Cap: UK£1.9b

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

Ningxia Building Materials GroupLtd

Market Cap: CN¥6.6b

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

Yanbu National Petrochemical

Market Cap: ر.س17.8b

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.

AuMas Resources Berhad

Market Cap: RM 1.4b

An investment holding company, engages in gold mining business in Malaysia.

Bansal Wire Industries

Market Cap: ₹49.1b

Manufactures and sells steel wires worldwide.

Forterra

Market Cap: UK£376.7m

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

Metsä Board Oyj

Market Cap: €1.1b

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

Sinolong New Materials

Market Cap: CN¥12.3b

Manufactures polymer and film materials.

KB Components

Market Cap: SEK 2.6b

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

SigmaRoc

Market Cap: UK£1.2b

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

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.

Sichuan Guoguang Agrochemical

Market Cap: CN¥7.0b

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

Nippon Steel

Market Cap: JP¥3.3t

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

Saudi Paper Manufacturing

Market Cap: ر.س2.1b

Manufactures and sells paper pulp and tissue paper products in the Kingdom of Saudi Arabia, Gulf Cooperation Council countries, and internationally.

Zignago Vetro

Market Cap: €614.3m

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

Tokai Carbon

Market Cap: JP¥220.9b

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

Sobute New Materials

Market Cap: CN¥4.4b

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

Ultrafabrics HoldingsLtd

Market Cap: JP¥12.4b

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

Delignit

Market Cap: €20.9m

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

Solvay

Market Cap: €2.9b

Provides basic and performance chemicals worldwide.

Vale Indonesia

Market Cap: Rp44.7t

Engages in the mining and processing of nickel in Indonesia.

Nickel Industries

Market Cap: AU$3.2b

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

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.

Wanguo Gold Group

Market Cap: HK$36.3b

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

Royal Gold

Market Cap: US$16.0b

Acquires and manages precious metal streams, royalties, and related interests.

Lynas Rare Earths

Market Cap: AU$14.3b

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

5N Plus

Market Cap: CA$1.8b

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

Artemis Gold

Market Cap: CA$8.5b

Focuses on the identification, acquisition, and development of gold properties.

Tongguan Gold Group

Market Cap: HK$14.8b

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

MOIL

Market Cap: ₹72.5b

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