Global Materials Undervalued over 20% based on DCF

Shandong Tongda Island New MaterialsLtd

Market Cap: CN¥3.0b

Shandong Tongda Island New Materials Co.,Ltd.

Magnera

Market Cap: US$441.8m

Manufactures and sells non-woven and related products worldwide.

Dongwon Systems

Market Cap: ₩599.4b

A packaging company, manufactures and markets packaging materials in South Korea.

Qatari Investors Group Q.P.S.C

Market Cap: ر.ق1.6b

Operates as a diversified conglomerate company in Qatar.

TFF Group

Market Cap: €368.6m

Engages in the wine and spirits ageing in the United States, Europe, France, Asia, and internationally.

Endomines Finland Oyj

Market Cap: €363.5m

Engages in the mining and exploration of gold deposits in Finland and the United States.

Tubacex

Market Cap: €363.1m

Engages in the manufacturing and sale of stainless steel and nickel tubes in Spain and internationally.

Jiangsu Flag Chemical Industry

Market Cap: CN¥2.8b

Engages in the research, development, production, and sale of green pesticide products in the People’s Republic of China and internationally.

Koatsu Gas Kogyo

Market Cap: JP¥65.0b

Engages in the gas and chemical products businesses in Japan.

Kirloskar Industries

Market Cap: ₹38.7b

Engages in the manufacturing and sale of iron castings in India.

Sesoda

Market Cap: NT$12.8b

Manufactures and markets sulfate of potash (SOP) in Taiwan.

San Fang Chemical Industry

Market Cap: NT$12.4b

Manufactures and sells artificial leather, synthetic resin, and other materials in Taiwan, China, Hong Kong, Southeast Asia, and internationally.

Greenply Industries

Market Cap: ₹36.7b

An interior infrastructure company, engages in the manufacture, sale, and trading of plywood and allied products in India and internationally.

Al Taiseer Group TALCO Industrial

Market Cap: ر.س1.4b

Engages in the designing, manufacturing, and marketing a range of aluminum products in Oman, Kuwait, Bahrain, Egypt, Iraq, the United Arab Emirates, Lebanon, and internationally.

SeAH Holdings

Market Cap: ₩526.4b

Engages in the steel materials business in South Korea and internationally.

Palram Industries (1990)

Market Cap: ₪1.1b

Operates as a manufacturer of extruded thermoplastic sheets and panel systems in Israel and internationally.

Vertex

Market Cap: JP¥57.4b

Manufactures and sells concrete secondary products in Japan.

Nippon Denko

Market Cap: JP¥56.1b

Engages in the ferroalloys, functional materials, incineration ash resource recovery, aqua solutions, and electric power businesses in Japan.

Arabian Pipes

Market Cap: ر.س1.3b

Engages in the production and marketing of longitudinally welded steel pipes for pipelines and for construction and commercial purposes in the Kingdom of Saudi Arabia.

P.S.P. Specialties

Market Cap: ฿11.4b

Manufactures and sells lubricant and grease oils in Thailand.

Soken Chemical & Engineering

Market Cap: JP¥55.5b

Manufactures and sells acrylic pressure-sensitive adhesives, functional polymers, organic fine particles, and adhesive tapes in Japan, China, and internationally.

Orion

Market Cap: US$345.9m

Engages in the manufacture and sale of carbon black products.

Campine

Market Cap: €295.5m

Provides raw material solutions in Belgium and internationally.

Oxiquim

Market Cap: CL$309.6b

Engages in the production and sale of resins for the wood board industry in Chile.

D.G. Khan Cement

Market Cap: PK₨92.8b

Produces and sells clinker, low alkali cement, and ordinary Portland and sulphate resistant cement in Pakistan.

Taki Chemical

Market Cap: JP¥50.7b

Engages in the chemicals, water treatment, and functional materials businesses in Japan.

Hubei Forbon TechnologyLtd

Market Cap: CN¥2.1b

Researches, develops, produces, and sells fertilizer additives in China and internationally.

Fabryka Farb i Lakierów Sniezka

Market Cap: zł1.1b

Engages in the manufacture and sale decorative paints and construction chemicals in Poland, Hungary, Ukraine, Belarus, and internationally.

Rossari Biotech

Market Cap: ₹27.8b

Manufactures and sells specialty chemicals in India and internationally.

Southeast Cement

Market Cap: NT$9.2b

Manufactures and sells cement in Taiwan.

Guangdong Tengen Industrial GroupLtd

Market Cap: CN¥1.9b

Guangdong Tengen Industrial Group Co.,Ltd.

Al Kout Industrial Projects Company K.S.C.P

Market Cap: د.ك88.3m

Produces and sells chlor alkali products in Kuwait, other countries in the Middle East and North Africa, Asia, South America, North America, and internationally.

Taiwan Hopax Chemicals Manufacturing

Market Cap: NT$9.1b

Taiwan Hopax Chemicals Manufacturing Co., Ltd.

Jiangsu Huaxin New MaterialLtd

Market Cap: CN¥1.9b

Engages in the research and development, production, and sale of functional film materials in China and internationally.

Kalekim Kimyevi Maddeler Sanayi Ve Ticaret Anonim Sirketi

Market Cap: ₺13.1b

Operates in the construction chemicals sector in Turkey and internationally.

KPX Holdings

Market Cap: ₩372.0b

Through its subsidiaries, manufactures and sells chemical products.