Global Materials Undervalued over 20% based on DCF

RPM International

Market Cap: US$13.8b

Provides specialty chemicals for the construction, industrial, specialty, and consumer markets.

Symrise

Market Cap: €12.1b

Operates as a supplier of fragrances, flavorings, cosmetic base materials and active ingredients, and functional ingredients and solutions in Europe, Africa, the Middle East, North America, the Asia Pacific, and Latin America.

Amman Mineral Internasional

Market Cap: Rp249.8t

Operates as a copper and gold producer in Indonesia.

Lundin Gold

Market Cap: CA$19.4b

Develops and operates its mineral concessions in Ecuador.

Anhui Conch Cement

Market Cap: CN¥85.5b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Crown Holdings

Market Cap: US$12.4b

Engages in the packaging business in the United States and internationally.

Lynas Rare Earths

Market Cap: AU$17.0b

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

Akzo Nobel

Market Cap: €9.8b

Produces and sells paints and coatings worldwide.

CCL Industries

Market Cap: CA$15.7b

Manufactures and sells labels, consumer printable media products, technology-driven label solutions, polymer banknote substrates, and specialty films.

public stock company VSMPO-AVISMA

Market Cap: ₽658.3b

public stock company VSMPO-AVISMA Corporation produces and sells titanium in Russia and internationally.

Mitsubishi Chemical Group

Market Cap: JP¥1.6t

Engages in the manufacture and sale of performance products, industrial materials, and other products.

BlueScope Steel

Market Cap: AU$14.0b

Engages in the production and marketing of metal-coated and painted steel building products in Australia, New Zealand, Asia, and North America.

IAMGOLD

Market Cap: CA$13.0b

Through its subsidiaries, operates as a gold producer and developer in Canada and Burkina Faso.

Buzzi

Market Cap: €7.8b

Manufactures, distributes, and sells cement, ready-mix concrete, and natural aggregates.

Siam Cement

Market Cap: ฿289.2b

Operates in the cement and building materials, chemicals, and packaging businesses in Thailand and internationally.

Hudbay Minerals

Market Cap: CA$12.1b

A diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America.

PETRONAS Chemicals Group Berhad

Market Cap: RM 34.8b

An investment holding company, engages in production and sale of chemicals.

Aurubis

Market Cap: €7.2b

Processes metal concentrates and recycling materials in Germany.

AptarGroup

Market Cap: US$8.1b

Designs and manufactures drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, fragrance, facial skincare, color cosmetics, personal care, home care, and food and beverage markets.

Voestalpine

Market Cap: €7.1b

Processes, develops, manufactures, and sells steel and technology products in Austria, the European Union, and internationally.

Mineral Resources

Market Cap: AU$11.5b

Together with subsidiaries, provides mining services in Australia, Asia, and internationally.

First Majestic Silver

Market Cap: CA$10.7b

Engages in the acquisition, exploration, development, and production of mineral properties in North America.

Syensqo

Market Cap: €6.6b

A chemical company, engages in the research, development, and production of advanced materials for industrial and consumer applications worldwide.

China Rare Earth Resources And Technology

Market Cap: CN¥51.2b

China Rare Earth Resources And Technology Co., Ltd.

Tokyo Ohka Kogyo

Market Cap: JP¥1.2t

Manufactures and sells chemical products and process equipment in Japan and internationally.

Hoa Phat Group

Market Cap: ₫195.9t

Produces and sells steel products in Vietnam.

NewMarket

Market Cap: US$7.3b

Through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives.

Yunnan Chihong Zinc & Germanium

Market Cap: CN¥49.3b

Yunnan Chihong Zinc & Germanium Co., Ltd.

Jinan Shengquan Group Share Holding

Market Cap: CN¥46.8b

Jinan Shengquan Group Share Holding Co., Ltd.

Commercial Metals

Market Cap: US$6.8b

Manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally.

Mosaic

Market Cap: US$6.7b

Through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients.

Nissan Chemical

Market Cap: JP¥1.1t

Engages in the chemicals, performance materials, agricultural chemicals, and healthcare businesses in Japan and internationally.

ICL Group

Market Cap: US$6.4b

Operates as a specialty minerals and chemicals company worldwide.

SIG Group

Market Cap: CHF 5.1b

Provides aseptic carton packaging systems and solutions for beverage and food products primarily in Europe, India, the Middle East, Africa, the Asia Pacific, and the Americas.

Coromandel International

Market Cap: ₹593.2b

Provides agriculture solutions in India and internationally.

Triple Flag Precious Metals

Market Cap: CA$8.6b

A precious metals streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties, and other mineral interests in Australia, Canada, Colombia, Cote d’Ivoire, Mexico, Mongolia, Peru, South Africa, and the United States.