German Media Potentially Undervalued Companies

NRJ Group

Market Cap: €575.8m

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

Gray Media

Market Cap: €572.3m

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

ProSiebenSat.1 Media

Market Cap: €1.4b

Operates as a media company in Germany, Austria, Switzerland, the United States, and internationally.

QuinStreet

Market Cap: €933.2m

An online performance marketing company, provides customer acquisition services for its clients in the United States and internationally.

Atresmedia Corporación de Medios de Comunicación

Market Cap: €1.3b

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

AdUX

Market Cap: €12.5m

Provides advertising services in France, Belgium, Italy, Spain, Germany, the Netherlands, and internationally.

Kinepolis Group

Market Cap: €869.3m

Operates and manages cinemas in Belgium, France, Canada, Spain, the Netherlands, the United States, Luxembourg, and internationally.

E.W. Scripps

Market Cap: €246.5m

Operates as a media enterprise through a portfolio of local television stations, national news, and entertainment networks in the United States.

STV Group

Market Cap: €52.8m

Produces and broadcasts television programs in the United Kingdom.

Cable One

Market Cap: €940.7m

Provides data, video, and voice services in the United States.

TEGNA

Market Cap: €3.4b

Operates as a journalism company in the United States.

Charter Communications

Market Cap: €40.0b

Operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States.

Weibo

Market Cap: €3.1b

Through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China.

Splendid Medien

Market Cap: €12.1m

Provides various services for the film and television industries in Germany, rest of Europe, and internationally.

RCS MediaGroup

Market Cap: €541.2m

Provides multimedia publishing services in Italy, Spain, and internationally.

SKY Perfect JSAT Holdings

Market Cap: €406.1b

Provides satellite-based multichannel pay TV and satellite communications services primarily in Asia.

Wonderful Sky Financial Group Holdings

Market Cap: €489.4m

An investment holding company, provides financial public relations and international roadshow services in Hong Kong, the People’s Republic of China, and Singapore.

Snap

Market Cap: €12.6b

Operates as a technology company in North America, Europe, and internationally.

Adtraction Group

Market Cap: €504.9m

Provides advertising services in Europe.

tinyBuild

Market Cap: €42.5m

Engages in the development and publishing of video games in the United States and internationally.

Maximum Entertainment

Market Cap: €12.6m

An entertainment company, engages in the development, publishing, transmedia, sale, and operation of video games in North America, Europe, Asia, and internationally.

Pico Far East Holdings

Market Cap: €3.6b

An investment holding company, engages in the exhibition, event, and brand activation; visual branding activation; museum and themed environment; meeting architecture activation; and related businesses.

ITV

Market Cap: €3.1b

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

Digital Bros

Market Cap: €177.7m

Develops, publishes, and distributes video games in Europe, the Americas, and internationally.

YOC

Market Cap: €52.3m

Operates as a mobile advertising company in Germany and internationally.

Snap

Market Cap: €12.6b

Operates as a technology company in North America, Europe, and internationally.

Fox

Market Cap: €24.8b

Operates as a news, sports, and entertainment company in the United States.

Bilibili

Market Cap: €11.1b

Provides online entertainment services for the young generations in the People’s Republic of China.

Tencent Holdings

Market Cap: €5.8t

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

YANGAROO

Market Cap: €4.4m

A software company, provides workflow management solutions for the media and entertainment industries in Canada and the United States.

Embracer Group

Market Cap: €21.0b

Develops and publishes PC, console, mobile, VR, and board games for the games market worldwide.

Xilam Animation

Market Cap: €18.1m

An integrated animation studio, creates, produces, and distributes original programs for children and adults in France and internationally.

Roku

Market Cap: €13.8b

Operates a TV streaming platform in the United States and internationally.

Scholastic

Market Cap: €677.2m

Scholastic Corporation, together with its subsidiaries, publishes and distributes children’s books in the United States and internationally.

SpaceandPeople

Market Cap: €3.5m

Provides commercial and promotional space and retail solutions for businesses to promote and acquire customers in shopping centers, retail parks, railway stations, and other locations in the United Kingdom and Germany.

Ströer SE KGaA

Market Cap: €2.2b

Provides out-of-home (OOH) media and digital out-of-home advertising services in Germany and internationally.