U.K. Media Undervalued over 20% based on DCF

Autotrader Group

Market Cap: UK£3.9b

Operates an automotive platform in the United Kingdom.

Rightmove

Market Cap: UK£3.2b

Operates property portal in the United Kingdom and internationally.

4imprint Group

Market Cap: UK£989.9m

Operates as a direct marketer of promotional products in North America, the United Kingdom, and Ireland.

Baltic Classifieds Group

Market Cap: UK£849.8m

Operates online classifieds portals for automotive, real estate, jobs and services, and general merchandise in Estonia, Latvia, and Lithuania.

Trustpilot Group

Market Cap: UK£814.4m

Engages in the development and hosting of an online review platform for businesses and consumers in the United Kingdom, North America, Europe, and internationally.

Bloomsbury Publishing

Market Cap: UK£466.7m

Bloomsbury Publishing Plc publishes academic, educational, and general fiction and non-fiction books publishing for children, general reader, teachers, students, researchers, libraries, researchers, and professionals worldwide.

S4 Capital

Market Cap: UK£203.7m

Provides digital advertising and marketing services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Devolver Digital

Market Cap: UK£102.6m

Develops and publishes digital video games for PC, console, and mobile platforms in Europe, North America, the Asia Pacific, Latin America, the United Kingdom, the Middle East, and North Africa.

System1 Group

Market Cap: UK£37.1m

Provides market research data and insight services in the United Kingdom, the United States, Latin America, rest of Europe, and the Asia Pacific.

DCD Media

Market Cap: UK£2.5m

DCD Media Plc, together with its subsidiaries, operates as an independent television production and distribution company in the United Kingdom, rest of Europe, North and South America, and internationally.