Global Materials Undervalued over 20% based on DCF

Amaroq

Market Cap: US$519.6m

Engages in the acquisition, exploration, and development of mineral properties in Greenland.

Sinon

Market Cap: NT$16.7b

Manufactures and sells various pesticides, chemicals, and fertilizers.

Nanjing Well Pharmaceutical GroupLtd

Market Cap: CN¥3.4b

Nanjing Well Pharmaceutical Group Co.,Ltd.

KeePer Technical Laboratory

Market Cap: JP¥80.3b

Develops, manufactures, and sells car coatings, car washing chemicals and equipment, and other products in Japan.

Tongyi Carbon Neutral Technology (Xinjiang)

Market Cap: CN¥3.4b

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

SK ChemicalsLtd

Market Cap: ₩747.4b

Provides chemicals and life sciences products and solutions in South Korea, China, Japan, Asia, the United States, Europe, and internationally.

CHC Resources

Market Cap: NT$15.8b

Produces, processes, and sells construction materials in Taiwan and internationally.

Qatar National Cement Company (Q.P.S.C.)

Market Cap: ر.ق1.8b

Manufactures and sells cement, lime, washed sand, and other related products in Qatar.

Marshalls

Market Cap: UK£359.8m

Manufactures and sells landscape, building, and roofing products in the United Kingdom and internationally.

Ibstock

Market Cap: UK£353.1m

Manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom.

Qatari Investors Group Q.P.S.C

Market Cap: ر.ق1.7b

Operates as a diversified conglomerate company in Qatar.

Jiangsu Hengxing New Material TechnologyLtd

Market Cap: CN¥3.2b

Jiangsu Hengxing New Material Technology Co.,Ltd.

Tubacex

Market Cap: €408.0m

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

Magnera

Market Cap: US$444.3m

Manufactures and sells non-woven and related products worldwide.

Galam

Market Cap: ₪1.3b

Produces sweetening solutions, starches, and nutritional ingredients to the food and beverage industry, and non-food industries in Europe and internationally.

Rasa Industries

Market Cap: JP¥70.1b

Rasa Industries, Ltd. is involved in the chemicals, machinery, and electronic materials businesses in Japan and internationally.

Fujian Green Pine

Market Cap: CN¥2.8b

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

SIMONA

Market Cap: €360.0m

Engages in the development, manufacture, and marketing of range of semi-finished thermoplastics, pipes, fittings, and profiles worldwide.

Greenply Industries

Market Cap: ₹38.8b

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

Jiangsu Huaxin New MaterialLtd

Market Cap: CN¥2.6b

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

Palram Industries (1990)

Market Cap: ₪1.1b

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

Campine

Market Cap: €321.0m

Provides raw material solutions in Belgium and internationally.

Welspun Specialty Solutions

Market Cap: ₹34.7b

Manufactures and sells steel and steel products in India and internationally.

Cognor Holding

Market Cap: zł1.4b

Engages in the production and distribution of steel products in Poland, the Czech Republic, Germany, and internationally.

Caledonia Mining

Market Cap: US$353.0m

Engages in the exploration, development, and production of gold in Zimbabwe.

Miwon Specialty Chemical

Market Cap: ₩531.4b

Engages in the manufacture and sales of energy-curing resins in Korea and internationally.

D.G. Khan Cement

Market Cap: PK₨97.8b

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

Endomines Finland Oyj

Market Cap: €297.8m

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

Hydratec Industries

Market Cap: €296.4m

Through its subsidiaries, manufactures and sells industrial systems and plastic components for food, health, and mobility markets in the Netherlands, rest of Europe, Asia, North America, South America, Africa, the Middle East, and Oceania.

International CSRC Investment Holdings

Market Cap: NT$10.1b

International CSRC Investment Holdings Co., Ltd.

Essentra

Market Cap: UK£232.3m

Engages in the manufacturing and distribution of plastic injection moulded, vinyl dip moulded, and metal items in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Orion

Market Cap: US$311.3m

Engages in the manufacture and sale of carbon black products.

Kiswire

Market Cap: ₩466.3b

Engages in the manufacture and sale of steel wires worldwide.

Poongsan Holdings

Market Cap: ₩455.1b

Manufactures and sells copper and nonferrous metal products worldwide.

Serabi Gold

Market Cap: UK£223.8m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

P.S.P. Specialties

Market Cap: ฿9.9b

Manufactures and sells lubricant and grease oils in Thailand.