Global Materials Undervalued over 20% based on DCF

TGV SRAAC

Market Cap: ₹11.3b

Engages in the manufacture and sale of chlor-alkali chemicals, chloromethane, castor oil derivatives, and fatty acids in India and internationally.

Ozyasar Tel ve Galvanizleme Sanayi Anonim Sirketi

Market Cap: ₺5.5b

Provides wire products in Turkey.

Evolve Royalties

Market Cap: CA$152.4m

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

Amines & Plasticizers

Market Cap: ₹10.5b

Manufactures and sells specialty chemicals in India.

Samyang Packaging

Market Cap: ₩151.2b

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

Shin Foong Specialty and Applied Materials

Market Cap: NT$3.5b

Shin Foong Specialty and Applied Materials Co., Ltd.

SP Samhwa

Market Cap: ₩150.6b

Manufactures and sells various paints in South Korea and internationally.

Omni-Plus System

Market Cap: JP¥16.8b

Engages in the manufacture and distribution of commodity and engineering plastics in Southeast Asia, rest of Asia, the Americas, and internationally.

Al Rashid Industrial

Market Cap: ر.س392.4m

Manufactures and sells plastic packaging products to the government and private sectors in the Kingdom of Saudi Arabia.

Thai Plaspac

Market Cap: ฿3.4b

Manufactures and distributes plastic packaging products in Thailand and internationally.

Thai Eastern Group Holdings

Market Cap: ฿3.3b

Engages in the rubber, crude palm oil, renewable energy and organic waste management, and logistics businesses in Thailand and internationally.

Muto Seiko

Market Cap: JP¥15.7b

Manufactures and sells plastic parts in Japan, Vietnam, China, Taiwan, Thailand, rest of Asia, and internationally.

Pakistan Oxygen

Market Cap: PK₨26.7b

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

Michelmersh Brick Holdings

Market Cap: UK£69.7m

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

Dongkuk Industries

Market Cap: ₩126.2b

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

Kaofu Chemical

Market Cap: NT$2.8b

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

Pudumjee Paper Products

Market Cap: ₹8.6b

Manufactures and markets specialty paper products in India.

SOMAR

Market Cap: JP¥14.2b

Engages in materials, environmental and food materials, and other businesses in Japan and internationally.

MLG Oz

Market Cap: AU$123.9m

Provides mine site and supply chain solutions in Western Australia and the Northern Territory.

Daito Chemix

Market Cap: JP¥14.1b

Manufactures and sells specialty and fine chemicals in Japan, South Korea, Singapore, rest of Asia, and the United States.

Arla Plast

Market Cap: SEK 817.2m

Through its subsidiaries, manufactures, sells, and distributes extruded plastic sheets in Sweden, Germany, the Czech Republic, Spain, Finland, rest of Europe, and internationally.

Yamau Holdings

Market Cap: JP¥13.7b

Manufactures and sells concrete products in Japan.

DYO Boya Fabrikalari Sanayi ve Ticaret

Market Cap: ₺4.1b

DYO Boya Fabrikalari Sanayi ve Ticaret A.S.

Hung Hing Printing Group

Market Cap: HK$667.1m

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.

Cp SystemLtd

Market Cap: ₩117.0b

Manufactures and supplies cable chains, flexible tubes, connectors, and roboway in South Korea and internationally.

Chememan

Market Cap: ฿2.7b

Manufactures and distributes mineral lime and chemical products in Thailand and internationally.

Sanifoam Endustri ve Tuketim Urunleri Sanayi Ticaret

Market Cap: ₺3.8b

Produces, converts, and supplies industrial and cleaning products in Turkey and internationally.

Ishizuka Glass

Market Cap: JP¥12.5b

Produces and distributes glass bottles and tableware, paper packaging products, plastic containers, and ceramic products in Japan and internationally.

Taekyung Bk

Market Cap: ₩107.6b

Produces and sells various lime products in South Korea.

Agarwal Industrial

Market Cap: ₹7.3b

Manufactures and trades in petrochemicals in India and internationally.

Hankuk Paper Mfg

Market Cap: ₩104.4b

Produces and sells various paper products in South Korea.

20 Microns

Market Cap: ₹7.2b

Manufactures and markets micronized industrial minerals and specialty chemicals primarily in India and internationally.

Empire Industries

Market Cap: ₹7.2b

Engages in manufacturing and selling of container glass, trading in frozen food, and indenting and property development businesses in India and internationally.

Starflex

Market Cap: ฿2.4b

Manufactures, trades in, and distributes flexible packaging products in Thailand.

Abcourt Mines

Market Cap: CA$97.5m

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

Tuticorin Alkali Chemicals and Fertilizers

Market Cap: ₹6.7b

Engages in the manufacturing and selling alkali chemicals in India.