Global Materials Undervalued over 20% based on DCF

MMG

Market Cap: HK$119.8b

An investment holding company, engages in the exploration, development, and mining of mineral properties.

UPM-Kymmene Oyj

Market Cap: €12.5b

Engages in the forest-based bioindustry worldwide.

Covestro

Market Cap: €12.5b

Operates as a supplier of polymer materials and application solutions.

Symrise

Market Cap: €12.3b

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.

Nitto Denko

Market Cap: JP¥2.3t

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

Anhui Tongguan Copper Foil Group

Market Cap: CN¥94.8b

Engages in the research, development, manufacture, and sales of various electronic copper foils in China and internationally.

RPM International

Market Cap: US$13.9b

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

Alcoa

Market Cap: US$13.7b

Engages in the bauxite mining, alumina refining, aluminum production, and energy generation business in Australia, Brazil, Canada, Iceland, Norway, Spain, the United States, and internationally.

Anhui Conch Cement

Market Cap: CN¥88.3b

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

Crown Holdings

Market Cap: US$12.8b

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

Akzo Nobel

Market Cap: €10.3b

Produces and sells paints and coatings worldwide.

IAMGOLD

Market Cap: CA$16.6b

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

Formosa Plastics

Market Cap: NT$378.1b

Engages in the manufacture and sale of plastic raw materials, chemical fibers, and related petrochemical industrial products in Taiwan, China, and internationally.

CCL Industries

Market Cap: CA$16.3b

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

Lynas Rare Earths

Market Cap: AU$16.3b

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

Vedanta

Market Cap: ₹1.1t

A diversified natural resources company, explores, extracts, and processes minerals, and oil and gas in India, Europe, China, the United States, Mexico, and internationally.

public stock company VSMPO-AVISMA

Market Cap: ₽658.3b

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

Ambuja Cements

Market Cap: ₹1.0t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

Hengyi Petrochemical

Market Cap: CN¥71.5b

Produces and sells chemical fiber products in China and internationally.

Mitsubishi Chemical Group

Market Cap: JP¥1.6t

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

Syensqo

Market Cap: €8.1b

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

Mineral Resources

Market Cap: AU$13.1b

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

Siam Cement

Market Cap: ฿303.6b

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

Aurubis

Market Cap: €7.8b

Processes metal concentrates and recycling materials in Germany.

China Rare Earth Resources And Technology

Market Cap: CN¥59.8b

China Rare Earth Resources And Technology Co., Ltd.

Sibanye Stillwater

Market Cap: R142.0b

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

Voestalpine

Market Cap: €7.5b

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

NewMarket

Market Cap: US$8.6b

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

Element Solutions

Market Cap: US$8.6b

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

AptarGroup

Market Cap: US$8.6b

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$8.5b

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

SSR Mining

Market Cap: CA$10.6b

Engages in the acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina.

China Nonferrous Mining

Market Cap: HK$59.8b

An investment holding company, engages in the exploration, mining, ore processing, leaching, smelting, and sale of copper and cobalt in Zambia and the Democratic Republic of Congo.

Yunnan Chihong Zinc & Germanium

Market Cap: CN¥51.0b

Yunnan Chihong Zinc & Germanium Co., Ltd.

ICL Group

Market Cap: US$7.5b

Operates as a specialty minerals and chemicals company worldwide.

Commercial Metals

Market Cap: US$7.3b

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