Global Materials Undervalued over 20% based on DCF

RPM International

Market Cap: US$14.2b

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

Asahi Kasei

Market Cap: JP¥2.2t

Engages in material, homes, healthcare businesses.

Impala Platinum Holdings

Market Cap: R226.8b

Engages in the mining, concentrating, refining, and sells of platinum group metals (PGMs) and associated base metals in South Africa, Zimbabwe, and Canada.

Nitto Denko

Market Cap: JP¥2.1t

Primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania.

Jindal Steel

Market Cap: ₹1.2t

Operates in the steel, mining, and infrastructure sectors in India and internationally.

Solstice Advanced Materials

Market Cap: US$13.1b

Operates as a specialty chemicals and advanced materials company in the United States and internationally.

Crown Holdings

Market Cap: US$12.0b

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

James Hardie Industries

Market Cap: AU$16.9b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Symrise

Market Cap: €10.1b

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.

Ambuja Cements

Market Cap: ₹1.1t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

Shandong Hualu-Hengsheng Chemical

Market Cap: CN¥80.8b

Shandong Hualu-Hengsheng Chemical Co., Ltd.

Suzano

Market Cap: R$58.3b

Manufactures and sells pulp and paper products in Brazil and internationally.

IAMGOLD

Market Cap: CA$15.9b

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

CCL Industries

Market Cap: CA$15.3b

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.

Toray Industries

Market Cap: JP¥1.7t

Manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally.

Akzo Nobel

Market Cap: €8.9b

Produces and sells paints and coatings worldwide.

MP Materials

Market Cap: US$9.6b

Produces rare earth materials in the Western Hemisphere.

Stora Enso Oyj

Market Cap: €8.2b

Provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally.

Sibanye Stillwater

Market Cap: R150.5b

Operates as a precious metals mining company in South Africa, the United States, Europe, and Australia.

Yunnan Yuntianhua

Market Cap: CN¥61.0b

Manufactures and sells fertilizers in China and internationally.

BlueScope Steel

Market Cap: AU$12.5b

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

Voestalpine

Market Cap: €7.4b

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

G Mining Ventures

Market Cap: CA$12.0b

A mining company, engages in the acquisition, exploration, evaluation, development, and operation of mineral properties.

Northam Platinum Holdings

Market Cap: R140.9b

Through its subsidiary, Northam Platinum Limited, engages in the production and sale of platinum group metals.

Mitsubishi Chemical Group

Market Cap: JP¥1.3t

Provides performance products, industrial materials, industrial gases, and others in Japan and internationally.

AptarGroup

Market Cap: US$8.4b

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.

Eastman Chemical

Market Cap: US$8.3b

Operates as a specialty materials company in the United States, China, and internationally.

Sinomine Resource Group

Market Cap: CN¥56.1b

Engages in the development and utilization of lithium battery new energy raw materials, rare light metals, and solid minerals in China and internationally.

Asia-potash International Investment (Guangzhou)Co.Ltd

Market Cap: CN¥55.4b

Engages in the processing, production, sale, and marketing of potash fertilizers in China and internationally.

Ternium

Market Cap: US$8.1b

Manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally.

Sasol

Market Cap: R132.6b

Operates as a chemical and energy company.

Mineral Resources

Market Cap: AU$11.4b

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

Mosaic

Market Cap: US$8.0b

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

Siam Cement

Market Cap: ฿256.8b

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

Yunnan Tin

Market Cap: CN¥54.1b

Engages in the exploration, mining, beneficiation, and smelting of metal ores, such as tin, indium, zinc, copper, and other non-ferrous metals in China and internationally.