Global Materials Undervalued over 20% based on DCF

OYAK Çimento Fabrikalari

Market Cap: ₺96.8b

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

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: €1.8b

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

Imerys

Market Cap: €1.8b

Engages in the supply of specialty minerals for various industries across Europe, the Middle East, Africa, Asia Pacific, and America.

Innospec

Market Cap: US$2.0b

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

AlzChem Group

Market Cap: €1.7b

Develops, produces, and markets a range of chemical specialties in Germany, European Union, rest of Europe, Asia, NAFTA region, and internationally.

Shandong Iron and Steel

Market Cap: CN¥13.3b

Provides iron and steel products in China and internationally.

Nippon Shokubai

Market Cap: JP¥307.6b

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

Fujimi

Market Cap: JP¥304.2b

Manufactures and sells synthetic precision abrasives in Japan, North America, Asia, and Europe.

Aluar Aluminio ArgentinoI.C

Market Cap: AR$2.7t

Engages in the production and sale of aluminum products in Argentina and internationally.

Winpak

Market Cap: CA$2.6b

Manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and Mexico.

SigmaRoc

Market Cap: UK£1.3b

Through its subsidiaries, invests, acquires, and integrates businesses in the quarried materials sector in the United Kingdom, Ireland, western Europe, Central Europe, and Nordics.

Solvac

Market Cap: €1.6b

Operates as a specialty chemicals company in Belgium.

Zhongfu Straits (Pingtan) Development

Market Cap: CN¥11.2b

Engages in the afforestation and forest management in China.

Wuxi Paike New Materials TechnologyLtd

Market Cap: CN¥11.0b

Wuxi Paike New Materials Technology Co.,Ltd.

Tung Ho Steel Enterprise

Market Cap: NT$51.3b

Produces and sells steel products in Taiwan.

Advanced Petrochemical

Market Cap: ر.س5.8b

Engages in the production and sale of propylene, polypropylene, isopropyl alcohol, polysilicon, and polysilicon downstream products in the Kingdom of Saudi Arabia and internationally.

Borregaard

Market Cap: NOK 14.9b

Engages in the development, production, and marketing of specialized biochemicals and biomaterials in Norway, rest of Europe, Asia, the United States, and internationally.

Scientex Berhad

Market Cap: RM 5.8b

An investment holding company, manufactures, markets, and sells stretch films and various flexible plastic packaging (FPP) products.

YFY

Market Cap: NT$46.1b

An investment holding company, manufactures and sells paper and paper-related products in Taiwan.

ERAMET

Market Cap: €1.3b

Produces and sells manganese and nickel metals in Asia, Europe, North America, and internationally.

Perenti

Market Cap: AU$2.0b

Operates as a mining services company worldwide.

E.I.D.- Parry (India)

Market Cap: ₹133.1b

Engages in the manufacture and sale of sugar, nutraceuticals, and distillery products in India, North America, Europe, and internationally.

Shanghai Zijiang Enterprise Group

Market Cap: CN¥9.3b

Shanghai Zijiang Enterprise Group Co., Ltd.

FMC

Market Cap: US$1.4b

An agricultural sciences company, develops, markets, and sells crop protection chemicals in Latin America, North America, Europe, the Middle East, Africa, and Asia.

Hangjin Technology

Market Cap: CN¥9.3b

Manufactures and sells chlor-alkali chemical and electronic products in China and internationally.

Corbion

Market Cap: €1.2b

Provides lactic acid and derivatives, food preservation solutions, functional ingredient systems, and algae-derived nutritional ingredients in the Netherlands, the United States, Asia, rest of Americas, the rest of Europe, the Middle East, and Africa.

Ryerson Holding

Market Cap: US$1.4b

Processes and distributes industrial metals in the United States and internationally.

Breedon Group

Market Cap: UK£1.0b

Engages in the quarrying, manufacture, and sale of construction materials and building products in the Great Britain, Ireland, and the United States.

Caltagirone

Market Cap: €1.2b

Through its subsidiaries, engages in the construction business in Italy, Denmark, Belgium, the United States, Turkey, Egypt, China, Malaysia, Australia, and internationally.

Archi Indonesia

Market Cap: Rp24.1t

Through its subsidiaries, engages in gold and silver mining business in Indonesia.

Chemtrade Logistics Income Fund

Market Cap: CA$1.9b

Offers industrial chemicals and services in Canada, the United States, and Brazil.

Osaka Soda

Market Cap: JP¥215.3b

Manufactures and sells basic and functional chemicals products in Asia, Europe, North America, and internationally.

Siam City Cement

Market Cap: ฿44.1b

Manufactures, imports, exports, and sells cement and cement related products in Thailand, Vietnam, Sri Lanka, Singapore, Australia, Cambodia, Bangladesh, Indonesia, India, Dubai, and internationally.

Qassim Cement

Market Cap: ر.س4.9b

Manufactures and sells cement and related products in the Kingdom of Saudi Arabia.

Ecovyst

Market Cap: US$1.3b

Offers virgin and regenerated sulfuric acid products and services in the United States and internationally.