Global Materials Undervalued over 20% based on DCF

CR Holdings

Market Cap: ₩202.0b

Manufactures and sells various refractory products in South Korea and internationally.

Dong Hai Ben Tre

Market Cap: ₫3.5t

Produces and trades in industrial paper products and cardboard packaging in Vietnam.

Franchi Umberto Marmi

Market Cap: €115.6m

Provides marble slabs and blocks in Italy and internationally.

Miwon Chemicals

Market Cap: ₩197.9b

Develops, manufactures, and sells performance chemicals for use in the rubber, detergent, and personal care industries worldwide.

Ras Al Khaimah for White Cement & Construction Materials P.S.C

Market Cap: د.إ480.2m

Manufactures and supplies lime and cement products in the United Arab Emirates and internationally.

AirBoss of America

Market Cap: CA$185.0m

Manufactures and sells rubber-based products in Canada, the United States, and internationally.

Kyowa Leather Cloth

Market Cap: JP¥20.8b

Manufactures and sells synthetic leather cover materials in Japan.

SamyoungLtd

Market Cap: ₩190.6b

Manufactures and sells electronic and packaging films in South Korea.

Jyoti Resins and Adhesives

Market Cap: ₹11.8b

Engages in the manufacture and sale of synthetic resin and wood adhesives in India.

Thai Metal Drum Manufacturing

Market Cap: ฿4.0b

Manufactures and distributes metal drums and plastic products in Thailand and internationally.

Ultramarine & Pigments

Market Cap: ₹11.3b

Engages in the manufacture and sale of pigments and surfactants in India.

Amines & Plasticizers

Market Cap: ₹11.2b

Manufactures and sells specialty chemicals in India.

Indonesia Fibreboard Industry

Market Cap: Rp2.0t

Engages in the wood processing industry in Indonesia, Japan, the Middle East, and internationally.

Manali Petrochemicals

Market Cap: ₹10.5b

Manufactures and sells petrochemical products in India, the European Union and United Kingdom, and internationally.

MORESCO

Market Cap: JP¥17.6b

Manufactures and sells chemical products in Japan, China, Southeast/South Asia, and North America.

Hyundai Bng Steel

Market Cap: ₩162.2b

Manufactures and sells stainless steel products and automobile parts in South Korea.

Evolve Royalties

Market Cap: CA$146.6m

Operates as a copper-focused royalty and streaming company in Canada.

Vittia

Market Cap: R$528.1m

Vittia S.A. manufacturing and sale of compost, fertilizers, biological pesticides, and other chemical products in Brazil and internationally.

Michelmersh Brick Holdings

Market Cap: UK£72.4m

Manufactures bricks and brick prefabricated products in the United Kingdom and Europe.

Bhageria Industries

Market Cap: ₹9.1b

Manufactures and trades specialty dyes and dye intermediates in India and internationally.

Scully Royalty

Market Cap: US$93.3m

Operates as an iron ore mining company in the United States, Africa, Canada, Asia, and Europe.

Pakistan Oxygen

Market Cap: PK₨25.8b

Manufactures and sells industrial and medical gases, medical engineering, pipeline design services, medical equipment, welding consumables, and associated solutions in Pakistan.

Kaofu Chemical

Market Cap: NT$2.8b

Engages in the manufacturing and sale of general purpose polystyrene and high impact polystyrene Taiwan.

Toho Acetylene

Market Cap: JP¥14.6b

Provides gas and equipment related products in Japan.

Samyang Packaging

Market Cap: ₩128.7b

Manufactures and sells PET bottles for beverages, food, and various other purposes in South Korea.

Hung Hing Printing Group

Market Cap: HK$653.5m

An investment holding company, engages in book and package printing, consumer product packaging, corrugated box, and paper trading businesses in the People’s Republic of China, the United States, Hong Kong, the United Kingdom, and internationally.

Commercial Syn Bags

Market Cap: ₹7.6b

Together with its subsidiary, Comsyn India Private Limited, engages in the manufacturing and exporting of various packaging solutions in India and internationally.

Dongkuk Industries

Market Cap: ₩116.7b

Operates as a cold rolled steel company in South Korea and internationally.

Sherwood Corporation (Thailand)

Market Cap: ฿2.3b

Manufactures and supplies household chemical products in Thailand and internationally.

TPL Plastech

Market Cap: ₹6.4b

Engages in the manufacture and sale of polymer products in India.

Ultrafabrics HoldingsLtd

Market Cap: JP¥10.7b

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

Al Fajar Al Alamia Company SAOG

Market Cap: ر.ع24.4m

Manufactures, sells, and trades explosives and related accessories in the Sultanate of Oman and the United Arab Emirates.

Abcourt Mines

Market Cap: CA$89.5m

Engages in the acquisition, exploration, evaluation, and exploitation of gold mining properties in Canada.

Kodama Chemical IndustryLtd

Market Cap: JP¥10.0b

Manufactures and sells plastic products in Japan, Thailand, and internationally.

Ohishi Sangyo

Market Cap: JP¥10.0b

Engages in the manufacture and sale of industrial packaging materials primarily in Japan.

Emami Paper Mills

Market Cap: ₹5.3b

Manufactures and sells paper and paper board products in India.