Cyclical & Commodity Producers

Commodity and cyclical producers valued through the whole cycle (normalized free cash flow), not one boom or bust year.

Miners, drillers and other cyclicals swing wildly year to year. We value them on through-cycle earnings so a single peak or trough year doesn't distort the picture.

← All screeners

All sectors 6,474 Financial Services 1,896 Healthcare 1,114 Technology 1,079 Industrials 668 Consumer Cyclical 490 Basic Materials 336 Consumer Defensive 248 Communication Services 212 Utilities 185 Energy 165 Real Estate 81

168 stocks · page 1 of 3

Educational use only — not investment advice. "Undervalued / fairly valued / overvalued" and every risk score reflect our models vs. price, which can be wrong or based on stale or incomplete data. Always review the company's own financials and SEC filings, and consult a licensed advisor, before acting.

Norwegian Cruise Line Holdings Ltd.

Discount 22% Return to IV: +27.7%

Market implies +2.7%/yr vs model +8.0% · below model

Consumer Cyclical

Discount 8% Return to IV: +8.3%

Owner yield 17.3% 10-yr IRR 26.3% · steady

Market implies +0.3%/yr vs model +3.0% · in line

STANDARD MOTOR PRODUCTS, INC.

Consumer Cyclical

Discount 4% Return to IV: +3.7%

Owner yield 6.7% 10-yr IRR 13.8% · moderate

Market implies +4.9%/yr vs model +8.0% · below model

NACCO INDUSTRIES INC

Discount 24% Return to IV: +32.1%

Market implies +1.6%/yr vs model +8.0% · below model

Deeply undervalued

Consumer Cyclical

Discount 33% Return to IV: +49.4%

Owner yield 14.3% 10-yr IRR 26.4% · moderate

Market implies 0.0%/yr vs model +7.2% · below model

WARRIOR MET COAL, INC.

Discount 2% Return to IV: +1.8%

Market implies +3.9%/yr vs model +5.0% · in line

ALASKA AIR GROUP, INC.

Discount 4% Return to IV: +4.1%

Owner yield 15.1% 10-yr IRR 28.1% · moderate

Market implies +5.9%/yr vs model +8.0% · in line

Basic Materials

Discount 23% Return to IV: +29.5%

Owner yield 1.4% 10-yr IRR -11.1% · steady

Market implies -7.1%/yr vs model +0.0% · below model

Consumer Cyclical

Premium +12% Return to IV: -10.4%

Owner yield 5.3% 10-yr IRR 10.5% · moderate

Market implies +7.0%/yr vs model +8.0% · in line

Consumer Cyclical

Model IV$134.04

Discount 10% Return to IV: +11.5%

Owner yield 8.9% 10-yr IRR 16.4% · steady

Market implies +3.2%/yr vs model +5.8% · in line

ANTERO RESOURCES Corp

Premium +2% Return to IV: -2.0%

Market implies -2.9%/yr vs model +0.0% · in line

INSTEEL INDUSTRIES INC

Basic Materials

Premium +18% Return to IV: -15.4%

Owner yield 9.7% 10-yr IRR 15.6% · steady

Market implies +4.1%/yr vs model +3.1% · in line

Model IV$125.86

Premium +1% Return to IV: -1.3%

Owner yield 5.6% 10-yr IRR 9.5% · steady

Market implies +4.9%/yr vs model +5.8% · in line

Basic Materials

Premium +8% Return to IV: -7.0%

Owner yield 2.3% 10-yr IRR -5.1% · steady

Market implies +1.7%/yr vs model +1.0% · in line

Basic Materials

Premium +23% Return to IV: -18.7%

Market implies +6.7%/yr vs model +4.7% · in line

THOR INDUSTRIES INC

Consumer Cyclical

Discount 2% Return to IV: +2.5%

Owner yield 14.6% 10-yr IRR 20.0% · steady

Market implies -2.1%/yr vs model +0.0% · in line

ASCENT INDUSTRIES CO.

Basic Materials

Premium +20% Return to IV: -16.9%

Owner yield 7.5% 10-yr IRR 9.0% · steady

Market implies -2.4%/yr vs model +0.0% · in line

Premium +3% Return to IV: -2.5%

Owner yield 4.9% 10-yr IRR 7.5% · steady

Market implies +4.8%/yr vs model +5.5% · in line

GENESIS ENERGY LP

Premium +13% Return to IV: -11.4%

Market implies -2.5%/yr vs model +0.0% · in line

MINERALS TECHNOLOGIES INC

Basic Materials

Premium +1% Return to IV: -1.1%

Owner yield 6.0% 10-yr IRR 8.5% · steady

Market implies +3.1%/yr vs model +3.4% · in line

Axalta Coating Systems Ltd.

Basic Materials

Premium +21% Return to IV: -17.3%

Owner yield 6.4% 10-yr IRR 10.0% · steady

Market implies +6.2%/yr vs model +4.1% · in line

Six Flags Entertainment Corporation/NEW

Deeply undervalued

Communication Services

Discount 31% Return to IV: +44.8%

Market implies +0.9%/yr vs model +8.0% · below model

JETBLUE AIRWAYS CORP

Discount 1% Return to IV: +0.7%

Market implies +6.4%/yr vs model +8.0% · in line

Consumer Cyclical

Premium +18% Return to IV: -14.9%

Owner yield 6.0% 10-yr IRR 10.5% · steady

Market implies +7.0%/yr vs model +5.8% · in line

GIBRALTAR INDUSTRIES, INC.

Basic Materials

Premium +29% Return to IV: -22.6%

Owner yield 12.9% 10-yr IRR 17.6% · steady

Market implies +1.3%/yr vs model +0.0% · in line

LOCKHEED MARTIN CORP

Consumer Cyclical

Model IV$442.64

Premium +21% Return to IV: -17.3%

Owner yield 4.7% 10-yr IRR 6.0% · steady

Market implies +6.2%/yr vs model +4.4% · in line

NL INDUSTRIES INC

Deeply overvalued

Basic Materials

Premium +36% Return to IV: -26.7%

Owner yield 2.0% 10-yr IRR -4.9% · steady

Market implies +5.1%/yr vs model +3.6% · in line

Quanex Building Products CORP

Deeply overvalued

Basic Materials

Premium +31% Return to IV: -23.7%

Owner yield 9.5% 10-yr IRR 19.4% · moderate

Market implies +9.5%/yr vs model +8.0% · in line

Atlas Energy Solutions Inc.

Discount 3% Return to IV: +3.4%

Market implies +6.0%/yr vs model +8.0% · in line

LSB INDUSTRIES, INC.

Basic Materials

Premium +2% Return to IV: -2.3%

Owner yield 3.6% 10-yr IRR 1.9% · steady

Market implies +2.2%/yr vs model +3.3% · in line

Premium +22% Return to IV: -18.1%

Owner yield 7.0% 10-yr IRR 9.4% · steady

Market implies +4.2%/yr vs model +1.6% · in line

Basic Materials

Premium +1% Return to IV: -1.3%

Owner yield 6.7% 10-yr IRR 11.1% · steady

Market implies +3.0%/yr vs model +4.5% · in line

Koppers Holdings Inc.

Deeply overvalued

Premium +46% Return to IV: -31.6%

Owner yield 4.8% 10-yr IRR 5.9% · steady

Market implies +7.5%/yr vs model +3.8% · above model

LOWES COMPANIES INC

Deeply overvalued

Consumer Cyclical

Model IV$145.87

Premium +31% Return to IV: -23.6%

Owner yield 6.5% 10-yr IRR 7.4% · steady

Market implies +4.1%/yr vs model +0.5% · above model

SCOTTS MIRACLE-GRO CO

Basic Materials

Premium +16% Return to IV: -14.0%

Owner yield 14.3% 10-yr IRR 19.6% · steady

Market implies +0.2%/yr vs model +0.0% · in line

INTERNATIONAL PAPER CO /NEW/

Deeply overvalued

Basic Materials

Premium +41% Return to IV: -29.2%

Owner yield 2.4% 10-yr IRR -1.7% · steady

Market implies +9.1%/yr vs model +5.1% · above model

United Airlines Holdings, Inc.

Deeply overvalued

Premium +33% Return to IV: -25.0%

Owner yield 5.4% 10-yr IRR 10.8% · moderate

Market implies +11.2%/yr vs model +8.0% · above model

Consumer Cyclical

Premium +5% Return to IV: -4.7%

Owner yield 6.8% 10-yr IRR 10.6% · steady

Market implies +3.9%/yr vs model +3.8% · in line

RAYONIER ADVANCED MATERIALS INC.

Basic Materials

Premium +26% Return to IV: -20.6%

Market implies +5.1%/yr vs model +3.0% · in line

BARNWELL INDUSTRIES INC

Premium +29% Return to IV: -22.7%

Market implies -3.5%/yr vs model +0.0% · below model

Consumer Cyclical

Premium +22% Return to IV: -18.4%

Owner yield 6.0% 10-yr IRR 10.5% · steady

Market implies +7.7%/yr vs model +5.9% · in line

TotalEnergies SE

Deeply overvalued

Premium +36% Return to IV: -26.6%

Owner yield 7.9% 10-yr IRR 10.4% · steady

Market implies +5.1%/yr vs model +0.8% · above model

MARRIOTT VACATIONS WORLDWIDE Corp

Deeply overvalued

Premium +74% Return to IV: -42.5%

Owner yield 2.2% 10-yr IRR -2.4% · steady

Market implies +13.0%/yr vs model +5.8% · above model

Consumer Cyclical

Premium +25% Return to IV: -20.2%

Owner yield 6.2% 10-yr IRR 12.8% · moderate

Market implies +9.6%/yr vs model +8.0% · in line

HOME DEPOT, INC.

Deeply overvalued

Consumer Cyclical

Model IV$206.27

Premium +44% Return to IV: -30.6%

Owner yield 5.1% 10-yr IRR 6.8% · steady

Market implies +8.2%/yr vs model +3.9% · above model

EASTMAN CHEMICAL CO

Basic Materials

Premium +25% Return to IV: -20.1%

Owner yield 7.3% 10-yr IRR 8.7% · steady

Market implies +1.5%/yr vs model +0.0% · in line

Deeply overvalued

Communication Services

Premium +67% Return to IV: -40.3%

Owner yield 3.0% 10-yr IRR -0.5% · steady

Market implies +9.4%/yr vs model +3.0% · above model

Deeply overvalued

Basic Materials

Model IV$105.43

Premium +59% Return to IV: -37.0%

Market implies +10.9%/yr vs model +6.2% · above model

Deeply overvalued

Basic Materials

Premium +52% Return to IV: -34.4%

Owner yield 5.6% 10-yr IRR 4.9% · steady

Market implies +4.4%/yr vs model +0.0% · above model

Deeply overvalued

Consumer Defensive

Premium +80% Return to IV: -44.5%

Owner yield 5.1% 10-yr IRR 3.7% · steady

Market implies +6.1%/yr vs model +0.0% · above model

Commercial Vehicle Group, Inc.

Consumer Cyclical

Discount 12% Return to IV: +13.1%

Owner yield 0.2% 10-yr IRR -27.7% · steady

Market implies -6.1%/yr vs model +0.0% · below model

WORTHINGTON ENTERPRISES, INC.

Deeply overvalued

Basic Materials

Premium +57% Return to IV: -36.3%

Owner yield 10.3% 10-yr IRR 13.9% · steady

Market implies +4.2%/yr vs model +0.0% · above model

Deeply overvalued

Consumer Cyclical

Premium +44% Return to IV: -30.4%

Owner yield 5.9% 10-yr IRR 11.5% · moderate

Market implies +11.0%/yr vs model +7.4% · above model

BrightView Holdings, Inc.

Deeply overvalued

Basic Materials

Premium +33% Return to IV: -25.1%

Owner yield 7.3% 10-yr IRR 11.0% · steady

Market implies +5.7%/yr vs model +3.0% · in line

NEW YORK TIMES CO

Deeply overvalued

Communication Services

Premium +46% Return to IV: -31.5%

Owner yield 3.6% 10-yr IRR 5.4% · moderate

Market implies +11.1%/yr vs model +8.0% · above model

GULF RESOURCES, INC.

Basic Materials

Premium +0% Return to IV: -0.2%

Market implies -6.7%/yr vs model +0.0% · below model

Deeply overvalued

Basic Materials

Model IV$126.24

Premium +52% Return to IV: -34.1%

Owner yield 3.4% 10-yr IRR 2.8% · steady

Market implies +10.1%/yr vs model +5.8% · above model

EXXON MOBIL CORP

Deeply overvalued

Model IV$104.62

Premium +51% Return to IV: -33.9%

Owner yield 4.3% 10-yr IRR 4.5% · steady

Market implies +9.1%/yr vs model +3.9% · above model

Deeply overvalued

Model IV$132.76

Premium +53% Return to IV: -34.8%

Owner yield 4.5% 10-yr IRR 5.2% · steady

Market implies +9.3%/yr vs model +3.9% · above model

Mission Produce, Inc.

Deeply overvalued

Basic Materials

Premium +91% Return to IV: -47.6%

Market implies +13.6%/yr vs model +8.0% · above model