Finnish Materials Undervalued over 20% based on DCF

UPM-Kymmene Oyj

Market Cap: €12.5b

Engages in the forest-based bioindustry worldwide.

Huhtamäki Oyj

Market Cap: €3.3b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Outokumpu Oyj

Market Cap: €2.5b

Produces and sells various stainless-steel products in Finland, Germany, Italy, the United Kingdom, other European countries, North America, the Asia-Pacific, and internationally.

Endomines Finland Oyj

Market Cap: €363.5m

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