Global Media Undervalued over 20% based on DCF

Alphabet

Market Cap: US$2.3t

Offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America.

Meta Platforms

Market Cap: US$1.9t

Engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality and mixed reality headsets, augmented reality, and wearables worldwide.

Sea

Market Cap: US$91.3b

Through its subsidiaries, operates as a consumer internet company in Southeast Asia, Latin America, the rest of Asia, and internationally.

Take-Two Interactive Software

Market Cap: US$41.1b

Develops, publishes, and markets interactive entertainment solutions for consumers worldwide.

Kuaishou Technology

Market Cap: HK$321.3b

An investment holding company, provides live streaming, online marketing, and other services in the People’s Republic of China.

Warner Bros. Discovery

Market Cap: US$32.6b

Operates as a media and entertainment company worldwide.

Reddit

Market Cap: US$29.6b

Operates a digital community in the United States and internationally.

LY

Market Cap: JP¥4.0t

Engages in the online advertising and e-commerce businesses in Japan.

Pinterest

Market Cap: US$26.1b

Operates as a visual search and discovery platform in the United States, Canada, Europe, and internationally.

NAVER

Market Cap: ₩33.5t

Provides online search portal and online information services in South Korea, Japan, and internationally.

Fox

Market Cap: US$24.0b

Operates as a news, sports, and entertainment company in the United States (U.S.).

Warner Music Group

Market Cap: US$14.9b

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

Zhejiang Century Huatong GroupLtd

Market Cap: CN¥94.8b

Engages in the auto parts, Internet games, and cloud data businesses in China and internationally.

Scout24

Market Cap: €8.4b

Operates ImmoScout24, a digital platform for the residential and commercial real estate sectors in Germany and internationally.

New York Times

Market Cap: US$8.5b

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide.

Meitu

Market Cap: HK$53.0b

An investment holding company, engages in the development and provision of products that streamline the production of photo, video, and design with other AI-powered products in Mainland China and internationally.

Talkweb Information SystemLtd

Market Cap: CN¥40.0b

Provides education services and mobile games in China.

TBS HoldingsInc

Market Cap: JP¥806.4b

Engages in the broadcasting and real estate businesses primarily in Japan.

Banijay Group

Market Cap: €3.8b

Engages in the content production, distribution, online sports betting, and gaming businesses in the United States, Europe, and internationally.

Damai Entertainment Holdings

Market Cap: HK$32.0b

An investment holding company, operates in the content, technology, and IP merchandising and commercialization businesses in Hong Kong and the People's Republic of China.

Kadokawa

Market Cap: JP¥553.4b

Operates as an entertainment company in Japan.

Magnite

Market Cap: US$3.2b

Operates an independent omni-channel sell-side advertising platform in the United States and internationally.

IAC

Market Cap: US$3.1b

Operates as a media and internet company worldwide.

Ströer SE KGaA

Market Cap: €2.6b

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

Cinemark Holdings

Market Cap: US$3.0b

Engages in the motion picture exhibition business.

SKY Perfect JSAT Holdings

Market Cap: JP¥417.4b

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

MBC Group

Market Cap: ر.س10.4b

Operates as a media and entertainment company in the United Arab Emirates, Saudi Arabia, Egypt, Iraq, North Africa, and internationally.

Megacable Holdings S. A. B. de C. V

Market Cap: Mex$45.2b

Engages in the installation, operation, and maintenance of cable television, internet, and telephone signal distribution systems.

Easy Click Worldwide Network Technology

Market Cap: CN¥16.6b

Easy Click Worldwide Network Technology Co., Ltd.

MNTN

Market Cap: US$2.1b

A performance TV software company, provides performance advertising services in the United States.

MFE-Mediaforeurope

Market Cap: €1.8b

Operates in the television industry in Italy and Spain.

TVhi Holdings

Market Cap: JP¥294.8b

Engages in the television (TV) broadcasting business in Japan and internationally.

Sanoma Oyj

Market Cap: €1.6b

Operates as a media and learning company in Finland, the Netherlands, Poland, Spain, Belgium, and internationally.

Louis Hachette Group

Market Cap: €1.6b

Engages in the publishing and travel retail and media businesses.

Central China Land MediaLTD

Market Cap: CN¥13.3b

Engages in the editing, production, and marketing of publications in China.

DeNA

Market Cap: JP¥266.9b

Develops and operates mobile and online services worldwide.