Global Materials Undervalued over 20% based on DCF

Chemtrade Logistics Income Fund

Market Cap: CA$1.7b

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

Faraday Copper

Market Cap: CA$1.7b

A resource exploration stage company, engages in the acquisition, exploration, and development of mineral properties in the United States.

Huafon Microfibre (Shanghai)

Market Cap: CN¥8.2b

Develops, manufactures, and sells microfiber materials in China and internationally.

Saudi Cement

Market Cap: ر.س4.4b

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

Hangjin Technology

Market Cap: CN¥7.7b

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

Chugoku Marine Paints

Market Cap: JP¥177.9b

Produces and sells marine paints, industrial paints, and container paints Japan, China, South Korea, southeast Asia, Europe, and the United States of America.

Fuji Seal International

Market Cap: JP¥177.2b

Engages in planning, proposal, development, manufacturing, and sales of packaging systems.

Corticeira Amorim S.G.P.S

Market Cap: €924.8m

Engages in the acquisition and transformation of cork into various cork and cork-related products in Portugal, Switzerland, Norway, the rest of the European Union, the rest of Europe, the United States, the rest of the American countries, Australasia, and Africa.

Jayaswal Neco Industries

Market Cap: ₹101.2b

Engages in the manufacture and sale of ally steel, and iron and steel castings in India.

Indocement Tunggal Prakarsa

Market Cap: Rp18.8t

Manufactures and sells cement products in Indonesia and internationally.

Sandur Manganese & Iron Ores

Market Cap: ₹99.7b

Together with its subsidiary, engages in the mining of manganese and iron ores in Deogiri village of Ballari District, Karnataka.

Suzhou Shihua New Material Technology

Market Cap: CN¥6.9b

Suzhou Shihua New Material Technology Co., Ltd.

Sudarshan Chemical Industries

Market Cap: ₹98.5b

Manufactures and sells organic, inorganic and effect pigments, performance colorants, pearlescent pigments, and specialty chemicals in India and internationally.

Sinosteel New Materials

Market Cap: CN¥6.6b

Engages in the research and development, manufacturing, and sale of magnetic materials, metal products, and mining equipment in China and internationally.

Time Technoplast

Market Cap: ₹91.3b

Manufactures and sells polymer products in India.

J Resources Asia Pasifik

Market Cap: Rp16.9t

Engages in the gold mining business in Indonesia.

Shandong Bohui Paper IndustryLtd

Market Cap: CN¥6.4b

Researches, develops, produces, sells, imports, and exports paper products in China.

Jiangsu Asia-Pacific Light Alloy Technology

Market Cap: CN¥6.3b

Jiangsu Asia-Pacific Light Alloy Technology Co., Ltd.

Silvery Dragon Group Tianjin

Market Cap: CN¥6.2b

Researches, develops, manufactures and sells prestressed steel products in China and internationally.

Hokuetsu

Market Cap: JP¥144.6b

Manufactures and sells paper products in Japan, the rest of Asia, North America, and internationally.

Toyobo

Market Cap: JP¥144.1b

Manufactures, processes, and sells various films, life sciences, environmental and functional materials, and fibers and textiles products in Japan, China, Southeast Asia, and internationally.

Zhejiang Hailide New MaterialLtd

Market Cap: CN¥6.0b

Engages in the research, development, production, and sales of chemical fibers, other textile materials, and rubber and plastic products in China and internationally.

Maharashtra Seamless

Market Cap: ₹85.1b

Engages in the manufacture and sale of seamless steel pipes and tubes in India.

Mitani Sekisan

Market Cap: JP¥141.1b

Produces and sells concrete products in Japan.

Dexco

Market Cap: R$4.5b

Produces and sells wooden panels in Brazil and internationally.

CAP

Market Cap: CL$795.8b

Engages in iron mining, industrial, and infrastructure businesses in Chile, Peru, Argentina, and internationally.

T. Hasegawa

Market Cap: JP¥136.0b

Produces, sells, imports, and exports fragrances, flavors, aromatic chemicals, food additives, and foods in Japan, China, the rest of Asia, the United States, and internationally.

Zhejiang Great SoutheastLtd

Market Cap: CN¥5.6b

Engages in production and sales of plastic films and plastic products in China and internationally.

SunCoke Energy

Market Cap: US$822.4m

Operates as an independent producer of coke in the United States and internationally.

KAMA Holdings

Market Cap: ₹78.0b

Engages in technical textiles, chemicals and polymers, aluminum foils, and packaging film businesses.

LSB Industries

Market Cap: US$800.6m

Manufactures, markets, and sells chemical products in the United States.

Vontron Technology

Market Cap: CN¥5.4b

Researches, develops, manufactures, and sells separation membranes and related materials in China and internationally.

Riken Technos

Market Cap: JP¥125.2b

Engages in compound, film, and food packaging businesses in Japan, Thailand, the United States, China, Europe, and internationally.

Indian Metals and Ferro Alloys

Market Cap: ₹74.9b

Engages in the production and sale of ferro chrome in India and internationally.

MEC

Market Cap: JP¥121.8b

Engages in the research and development, production, and sale of chemicals, equipment, and related materials for the production of printed circuit boards in Japan, Taiwan, Hong Kong, China, Thailand, and Europe.

Riyadh Cement

Market Cap: ر.س2.8b

Produces and sells cement in the Kingdom of Saudi Arabia, the Kingdom of Bahrain, the State of Iraq, State of Yemen, the Hashemite Kingdom of Jordan, and the Sultanate of Oman.