German Media Potentially Undervalued Companies

Arnoldo Mondadori Editore

Market Cap: €559.4m

Engages in publishing of books and magazines in Italy, rest of Europe, and the United States.

Havas

Market Cap: €1.4b

Provides communications and marketing services in France, the United Kingdom, rest of Europe, North America, Latin America, the Asia-Pacific, and Africa.

illumin Holdings

Market Cap: €93.9m

A technology company, provides digital media solutions in the United States, Canada, Europe, Latin America, and internationally.

Zhihu

Market Cap: €328.9m

Operates an online content community in the People’s Republic of China.

WPP

Market Cap: €5.5b

A creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe.

Omnicom Group

Market Cap: €13.9b

Offers advertising, marketing, and corporate communications services.

Ipsos

Market Cap: €2.0b

Through its subsidiaries, provides survey-based research services for companies and institutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Tencent Holdings

Market Cap: €4.6t

An investment holding company, provides value-added services, marketing services, fintech, and business services in Mainland China and internationally.

DoubleDown Interactive

Market Cap: €474.2m

Engages in the development and publishing of casual games and mobile applications in South Korea.

NetDragon Websoft Holdings

Market Cap: €5.7b

Provides online and mobile games the People’s Republic of China, the United States, the United Kingdom, and internationally.

Bastei Lübbe

Market Cap: €130.9m

A media company, publishes books, audio books, e-books, and other digital products in the genres of fiction and popular science content in Germany, Austria, Luxembourg, and Switzerland.

Gambling.com Group

Market Cap: €427.9m

Operates as a performance marketing company for the online gambling industry in North America, the United Kingdom, Ireland, rest of Europe, and internationally.

NRJ Group

Market Cap: €566.6m

A private media company, operates as a publisher, producer, and broadcaster in France and internationally.

TEGNA

Market Cap: €2.7b

Operates as a journalism company in the United States.

Bastei Lübbe

Market Cap: €130.9m

A media company, publishes books, audio books, e-books, and other digital products in the genres of fiction and popular science content in Germany, Austria, Luxembourg, and Switzerland.

Vocento

Market Cap: €77.1m

Operates as a multimedia communications company in Spain.

Yalla Group

Market Cap: €1.1b

Operates a social networking and gaming platform in the Middle East and North Africa region.

Cars.com

Market Cap: €745.2m

An audience-driven technology company, provides solutions for the automotive industry in the United States.

TF1

Market Cap: €1.9b

Engages in the broadcasting, studios and entertainment, and digital businesses in France and internationally.

ITV

Market Cap: €3.1b

A vertically integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide.

Atresmedia Corporación de Medios de Comunicación

Market Cap: €1.2b

An audiovisual company, engages in the television, radio, digital and multimedia development, cinema, and events organization businesses in Spain and internationally.

Gray Media

Market Cap: €478.5m

A multimedia company, owns and/or operates television stations and digital assets in the United States.

Stingray Group

Market Cap: €675.2m

Operates as a music, media, and technology company in Canada, the United States, and internationally.

TrueCar

Market Cap: €172.7m

Operates as an internet-based information, technology, and communication services company in the United States.

Warner Music Group

Market Cap: €14.2b

Operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally.

YOC

Market Cap: €57.2m

Operates as a mobile advertising company in Germany and internationally.

Edel SE KGaA

Market Cap: €86.4m

Operates as an independent music company in Europe.

Deezer

Market Cap: €146.8m

Provides music, lossless HiFi audio, and industry defining features on a scalable platform in France, Germany, the United Kingdom, Brazil, the United States, and internationally.

Tencent Holdings

Market Cap: €4.6t

An investment holding company, provides value-added services, marketing services, fintech, and business services in Mainland China and internationally.

Travelzoo

Market Cap: €148.1m

Operates as an Internet media company that provides travel, entertainment, and local experiences worldwide.

Comcast

Market Cap: €131.9b

Operates as a media and technology company worldwide.

Future

Market Cap: €754.4m

Future plc, together with its subsidiaries, publishes and distributes content for technology, gaming, sports, fashion, beauty, homes, wealth, and knowledge sectors in the United States and the United Kingdom.

Adtraction Group

Market Cap: €463.3m

Provides advertising services in Europe.

Better Collective

Market Cap: €8.0b

Operates as a digital sports media company in Europe, North America, and internationally.

Métropole Télévision

Market Cap: €1.7b

Operates as a multimedia group in France.

Wirtualna Polska Holding

Market Cap: €2.4b

Through its subsidiaries, engages in the media, advertising, and e-commerce businesses in Poland.