Global Materials Undervalued over 20% based on DCF

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.

Sandfire Resources

Market Cap: AU$8.6b

A mining company, explores for, evaluates, and develops mineral tenements and projects.

ShenZhen YUTO Packaging Technology

Market Cap: CN¥38.3b

Provides packaging solutions in China and internationally.

Sonoco Products

Market Cap: US$5.6b

Designs, develops, manufactures, and sells various engineered and sustainable packaging products in the United States, Europe, Canada, the Asia Pacific, and internationally.

Perimeter Solutions

Market Cap: US$5.5b

Manufactures and supplies firefighting products, electronic components, lubricant additives, and engineered machinery in the United States, Germany, and internationally.

Cleveland-Cliffs

Market Cap: US$5.4b

Operates as a steel producer in the United States and Canada.

Croda International

Market Cap: UK£4.1b

Engages in the consumer care, life science, and industrial specialty businesses in Europe, the Middle East, Africa, North America, Asia, and Latin America.

Yunnan CopperLtd

Market Cap: CN¥36.5b

Engages in the copper exploration, mining, and smelting activities in China.

Sensient Technologies

Market Cap: US$5.2b

Manufactures and markets colors, flavors, and other specialty ingredients worldwide.

UPL

Market Cap: ₹491.3b

Manufactures and sells pesticides, insecticides, and micronutrients in India, Brazil, the United States, the United Kingdom, and internationally.

Greatland Resources

Market Cap: AU$7.3b

Operates as a gold and copper mining company.

Montage Gold

Market Cap: CA$6.7b

Engages in the acquisition, exploration, and development of mineral properties in Africa.

Mitsui Chemicals

Market Cap: JP¥760.1b

Mitsui Chemicals, Inc. manufacture and sell goods or services in life & healthcare solutions, mobility solutions, ICT solutions, and basic & green materials worldwide.

Minera Frisco. de

Market Cap: Mex$81.5b

Engages in the exploration and exploitation of mining lots for the production and sale of gold and silver doré in Mexico.

PTT Global Chemical

Market Cap: ฿154.4b

Operates as a chemical company in Thailand and internationally.

Gujarat Fluorochemicals

Market Cap: ₹424.4b

Engages in the manufacture and trading of refrigerant gases, fluorochemicals, fluoropolymers, battery chemicals, wind energy, and renewable energy solutions in India, Europe, the United States, and internationally.

Acerinox

Market Cap: €3.8b

Manufactures and distributes stainless steel and high-performance alloys in Spain, the United States, Africa, Asia, rest of Europe, and internationally.

Titan

Market Cap: €3.8b

Engages in the production, trade, and distribution of construction materials in Greece, the Balkans, Europe, Egypt, Türkiye, Italy, France, the United States, and Brazil.

Xinfengming Group

Market Cap: CN¥29.7b

Researches, develops, produces, and sells polyester filament and staple fiber.

Zhuzhou Smelter GroupLtd

Market Cap: CN¥29.7b

Produces and sells zinc and its alloy products under the Torch brand in China.

Inner Mongolia ERDOS ResourcesLtd

Market Cap: CN¥29.1b

Engages in clothing, power metallurgy, and chemical businesses in China.

Johnson Matthey

Market Cap: UK£3.1b

Engages in the clean air, catalyst and hydrogen technology, and platinum group metals (PGM) service businesses in the United Kingdom, Germany, rest of Europe, the United States, rest of North America, China, rest of Asia, and internationally.

Corporación Moctezuma. de

Market Cap: Mex$72.1b

Engages in the production, distribution, and sale of Portland cement, mortar, white cement, ready-mixed concrete, and aggregates in Mexico.

Mondi

Market Cap: UK£3.0b

Engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, North America, South America, Asia, and Australia.

Constellium

Market Cap: US$4.1b

Engages in the design, manufacture, and sale of rolled and extruded aluminum products for the aerospace, packaging, automotive, commercial transportation, general industrial, and defense end-markets.

NOF

Market Cap: JP¥628.2b

Manufactures chemicals in Japan.

Sumitomo Bakelite

Market Cap: JP¥626.9b

Engages in the research and development, manufacture, and sale of semiconductor materials, plastic products, and life products in Japan and internationally.

Indorama Ventures

Market Cap: ฿127.5b

Manufactures and distributes petrochemical products in Thailand, the United States, Brazil, and internationally.

Tianshan Material

Market Cap: CN¥25.7b

Engages in the production and sale of cement, clinker, ready-mixed concrete, and aggregates in China and internationally.

SCG Packaging

Market Cap: ฿121.3b

Provides consumer packaging solutions in Thailand, Vietnam, Indonesia, China, and internationally.

Aperam

Market Cap: €3.1b

Produces and sells stainless steel and alloy products worldwide.

IGO

Market Cap: AU$5.1b

IGO Limited, together with its subsidiaries, discovers, develops, and delivers battery minerals in Australia.

Vidrala

Market Cap: €3.1b

Engages in the manufacture and sale of glass containers for food and beverage products in the United Kingdom, Ireland, Italy, Iberian Peninsula, rest of Europe, and Brazil.

Avient

Market Cap: US$3.5b

Operates as a formulator of material solutions in the United States, Canada, Mexico, Europe, South America, and Asia.

Oman India Fertiliser Company SAOG

Market Cap: ر.ع1.3b

Produces and trades granular urea and anhydrous ammonia fertilizers internationally.