South African Materials Undervalued over 20% based on DCF

Impala Platinum Holdings

Market Cap: R220.3b

Engages in the mining, concentrating, refining, and sells of platinum group metals (PGMs) and associated base metals in South Africa, Zimbabwe, and Canada.

Sibanye Stillwater

Market Cap: R147.8b

Operates as a precious metals mining company in South Africa, the United States, Europe, and Australia.

Northam Platinum Holdings

Market Cap: R137.0b

Through its subsidiary, Northam Platinum Limited, engages in the production and sale of platinum group metals.

Sasol

Market Cap: R133.7b

Operates as a chemical and energy company.

AECI

Market Cap: R11.9b

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

PPC

Market Cap: R9.1b

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

Nampak

Market Cap: R3.9b

Engages in the manufacture and sale of packaging products in South Africa and rest of Africa.