Global Materials Undervalued over 20% based on DCF

Vicat

Market Cap: €2.9b

Engages in the production and sale of cement, ready-mixed concrete, and aggregates for construction industry.

Inner Mongolia Berun Chemical

Market Cap: CN¥22.5b

Produces and sells soda ash, baking soda, fertilizers, and other chemical products in China.

SKSHU PaintLtd

Market Cap: CN¥22.4b

Produces and sells architectural coatings, waterproof materials, floor materials, thermal insulation materials and integrated thermal insulation boards, and base materials in China.

Ashland

Market Cap: US$3.3b

Provides additives and specialty ingredients in the North and Latin America, Europe, Asia Pacific, and internationally.

HEXPOL

Market Cap: SEK 31.1b

Develops, manufactures, and sells various polymer compounds and engineered gaskets, seals, and wheels in Sweden, rest of Europe, the United States, rest of the Americas, and Asia.

Kansai Paint

Market Cap: JP¥513.6b

Manufactures and sells paints and coatings in Japan, India, China, Asia, Africa, Europe, and internationally.

H.B. Fuller

Market Cap: US$3.2b

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products.

DIC

Market Cap: JP¥491.6b

Manufactures and sells printing inks, organic pigments, and synthetic resins worldwide.

Henan Mingtai Al.IndustrialLtd

Market Cap: CN¥20.7b

Engages in the production and sale of aluminum products in China.

Outokumpu Oyj

Market Cap: €2.5b

Produces and sells various stainless-steel products in Finland, Germany, Italy, the United Kingdom, other European countries, North America, the Asia-Pacific, and internationally.

Zeon

Market Cap: JP¥459.1b

Engages in the elastomer materials, specialty materials, and other businesses in Japan, North America, Europe, and Asia.

Stella-Jones

Market Cap: CA$3.9b

Manufactures and sells industrial pressure-treated wood products in Canada and the United States.

Sichuan Hebang Biotechnology

Market Cap: CN¥19.0b

Provides agricultural, chemical, and new material products.

Titan America

Market Cap: US$2.8b

Through its subsidiaries, manufactures and supplies heavy building materials and services in the United States.

Adeka

Market Cap: JP¥443.4b

Engages in chemicals, food, and life sciences businesses.

Altius Minerals

Market Cap: CA$3.8b

Engages in the mineral and renewable royalties and project generation businesses in Canada, Brazil, and the United States.

Navigator Company

Market Cap: €2.3b

Engages in the production of forestry, pulp, paper, tissue, and packaging solutions worldwide.

Tibet Huayu Mining

Market Cap: CN¥18.2b

Engages in the exploration, mining, and beneficiation of non-ferrous and precious metals in China.

Alpha Metallurgical Resources

Market Cap: US$2.7b

A mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia.

Sahara International Petrochemical

Market Cap: ر.س9.6b

Owns, establishes, operates, and manages industrial projects related to chemical and petrochemical industries in the Kingdom of Saudi Arabia.

Deepak Nitrite

Market Cap: ₹238.4b

Manufactures, trades, and sells chemical intermediates in India and internationally.

Orbia Advance Corporation. de

Market Cap: Mex$42.0b

Provides polymer solutions in the United States, Northwest Europe, Southwest Europe, Africa, the Middle East, Asia, Brazil, Mexico, Central and Eastern Europe, Colombia, Central America, Peru, Southeast Europe, Canada, Ecuador, Israel, Argentina, Chile, and internationally.

Nippon Shokubai

Market Cap: JP¥389.1b

Engages in the manufacture and sale of chemical products in Japan and internationally.

Nizhnekamskneftekhim

Market Cap: ₽142.9b

Public Joint Stock Company Nizhnekamskneftekhim produces and sells petrochemicals in Russia.

Daicel

Market Cap: JP¥374.3b

Engages in the materials, medical/healthcare, smart, safety, and engineering plastics businesses in Japan and internationally.

Innospec

Market Cap: US$2.3b

Develops, manufactures, blends, markets, and supplies specialty chemicals in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

Chengdu Wintrue Holding

Market Cap: CN¥15.5b

Engages in the research and development, production, and sale of compound fertilizers.

OYAK Çimento Fabrikalari

Market Cap: ₺107.3b

Engages in the production and sale of clinker and cement in Turkey.

Ramco Cements

Market Cap: ₹212.4b

Manufactures and sells cement and cement-related products in India and internationally.

Saudi Industrial Investment Group

Market Cap: ر.س8.2b

Operates as a petrochemical company in the Kingdom of Saudi Arabia, rest of the Middle East, Asia, Europe, and Africa.

NV Bekaert

Market Cap: €1.8b

Provides steel wire transformation and coating technologies worldwide.

Saudi Kayan Petrochemical

Market Cap: ر.س8.0b

Manufactures and sells chemicals, polymers, and specialty products in Saudi Arabia and internationally.

ARE Holdings

Market Cap: JP¥336.0b

Engages in refining, manufacturing, and trading of precious metals and rare metals in Japan, Asia, and North America.

Group of Companies Segezha

Market Cap: ₽127.9b

Group of Companies Segezha Public Joint Stock Company operates in the forestry industry in Russia and internationally.

Kazan Organichesky sintez

Market Cap: ₽125.0b

Kazan Public Joint Stock Company Organichesky sintez, together with its subsidiaries, produces and sells chemical products in Russia.

Robertet

Market Cap: €1.7b

Produces and sells perfumes, aromas, and natural products in France, Europe, the United States, and internationally.