Global Materials Undervalued over 20% based on DCF

UNACEM CorpA

Market Cap: S/2.8b

Produces, markets, and sells various types of cement, clinker, and concrete products in Peru, the United States, Ecuador, Colombia, and Chile.

EPL

Market Cap: ₹75.0b

Manufactures and sells plastic packaging materials in the form of multilayer collapsible tubes, corrugated boxes, and laminates in the Americas, Europe, Africa, the Middle East, South Asia, and the East Asia Pacific.

Ferroglobe

Market Cap: US$793.2m

Produces and sells silicon metal, and silicon and manganese-based alloys.

Duc Giang Chemicals Group

Market Cap: ₫20.5t

Manufactures industrial products in Vietnam.

Shenzhen Jinjia GroupLtd

Market Cap: CN¥5.2b

Engages in the research and development, production, and sale of packaging products and related materials in China.

Zignago Vetro

Market Cap: €637.3m

Produces, markets, and sells hollow glass containers in Italy, rest of Europe, and internationally.

T. Hasegawa

Market Cap: JP¥118.5b

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.

Blue Moon Metals

Market Cap: CA$1.0b

Engages in the exploration and development of mineral resource properties in Norway and the United States.

ESSA Industries Indonesia

Market Cap: Rp12.6t

Owns and operates liquefied petroleum gas (LPG) refinery in Indonesia.

Victrex

Market Cap: UK£539.9m

Through its subsidiaries, engages in the manufacture and sale of polymer solutions worldwide.

Sanyo Chemical Industries

Market Cap: JP¥115.5b

Manufactures and sells chemical products in Japan.

SP Group

Market Cap: DKK 4.5b

Manufactures and sells moulded plastic and composite components in Denmark, rest of Europe, the Americas, Asia, the Middle East, Australia, and Africa.

AECI

Market Cap: R11.7b

Provides products and services for mining, water treatment, plant and animal health, food and beverage, manufacturing, and general industrial sectors.

Guardian Metal Resources

Market Cap: UK£510.2m

Engages in the exploration and exploitation of mineral resources in the United States.

Tipco Asphalt

Market Cap: ฿21.9b

Manufactures and distributes asphalt and petroleum products in Thailand and internationally.

Prism Johnson

Market Cap: ₹63.6b

An integrated building materials company, manufactures and sells cement, tiles, and ready-mixed concrete in India and internationally.

Amerigo Resources

Market Cap: CA$940.0m

Through its subsidiary, Minera Valle Central S.A., produces copper and molybdenum concentrates from Corporación Nacional del Cobre de Chile’s El Teniente mine in Chile.

Sobute New Materials

Market Cap: CN¥4.6b

Engages in the research, development, production, and sale of concrete admixtures in Mainland China and internationally.

Mishra Dhatu Nigam

Market Cap: ₹61.9b

Manufactures and sells super alloys, titanium, special purpose steel, and other special metals in India and internationally.

Zhejiang Jianye Chemical

Market Cap: CN¥4.4b

Engages in the research, development, production, and sales of fine chemical products in China.

Aclara Resources

Market Cap: CA$865.5m

A mining company, engages in the exploration and development of rare-earth mineral resources in Chile, Brazil and Peru.

Tongyi Carbon Neutral Technology (Xinjiang)

Market Cap: CN¥4.3b

Engages in the research and development, production, and sale of lubricants in China.

Dymatic ChemicalsInc

Market Cap: CN¥4.2b

Engages in the research and development, production, and sale of textile chemicals, leather chemicals, and petroleum fine chemicals in China.

Fujian Green Pine

Market Cap: CN¥4.2b

Engages in the chemical raw materials and chemical products manufacturing business in China.

Poly Union Chemical Holding Group

Market Cap: CN¥4.2b

Poly Union Chemical Holding Group Co., Ltd.

Shinagawa Refra

Market Cap: JP¥95.3b

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

Vetropack Holding

Market Cap: CHF 464.9m

Manufactures glass packaging products for the food and beverage industry in Switzerland, Austria, the Czech Republic, Croatia, Slovakia, Ukraine, Italy, the Republic of Moldova, and Romania.

Wagners Holding

Market Cap: AU$822.9m

Engages in the production and sale of construction materials and related building materials in Australia, the United States, New Zealand, the United Kingdom, Papua New Guinea, and Malaysia.

PPC

Market Cap: R9.5b

Engages in the production and sale of cement, aggregates, ready mix concrete, and fly ash in South Africa, Botswana, and Zimbabwe.

Saudi Paper Manufacturing

Market Cap: ر.س2.1b

Manufactures and sells paper pulp and tissue paper products in the Kingdom of Saudi Arabia, Gulf Cooperation Council countries, and internationally.

Sinon

Market Cap: NT$17.8b

Manufactures and sells various chemicals and fertilizers.

Konishi

Market Cap: JP¥85.1b

Manufactures and sells synthetic adhesives in Japan.

Chongqing Changjiang River Moulding Material (Group)

Market Cap: CN¥3.6b

Chongqing Changjiang River Moulding Material (Group) Co., Ltd.

Surya Roshni

Market Cap: ₹48.4b

Manufactures and sells steel pipes and strips, and lighting and consumer durables in India.

ACG Metals

Market Cap: UK£376.0m

Produces gold and silver in Turkey.

GR Engineering Services

Market Cap: AU$713.4m

Provides engineering, process control, automation, and construction services to the mining and mineral processing industries in Australia and internationally.