Global Media Undervalued over 20% based on DCF

YG Entertainment

Market Cap: ₩725.2b

Operates as an entertainment company in South Korea, Japan, and internationally.

Wirtualna Polska Holding

Market Cap: zł1.9b

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

Promotora de Informaciones

Market Cap: €381.6m

Engages in the exploitation of media in Spain and internationally.

Next 15 Group

Market Cap: UK£321.8m

Engages in the data, technology, and activation businesses in the United Kingdom, the United States, Europe, the Middle East, Africa, and the Asia Pacific.

Alter Ego Media

Market Cap: €372.0m

Operates digital television broadcasting and radio stations.

Kurashiru

Market Cap: JP¥54.9b

Engages in the platform business in Japan, Singapore, and internationally.

Polaris Media

Market Cap: NOK 2.9b

Operates as a media house company in Norway and Sweden.

Zenrin

Market Cap: JP¥48.1b

Engages in the collection and management of a range of geospatial information worldwide.

ZIGExN

Market Cap: JP¥46.0b

Operates the life service platform worldwide.

BolognaFiere

Market Cap: €243.3m

Operates and manages exhibition centers in Europe, Asia, the Middle East, and the United States.

SKY Network Television

Market Cap: NZ$469.5m

An entertainment company, provides sport and entertainment media services, and telecommunications services in New Zealand.

Remedy Entertainment Oyj

Market Cap: €236.5m

A video game company, engages in the development and sale of PC and console games in Finland.

Caxton and CTP Publishers and Printers

Market Cap: R4.2b

Caxton and CTP Publishers and Printers Limited publishes and prints newspapers and magazines in South Africa.

Digital Domain Holdings

Market Cap: HK$1.8b

An investment holding company, engages in the media entertainment and trading business in Hong Kong, the People’s Republic of China, the United States, Canada, the United Kingdom, India, and internationally.

M&C Saatchi

Market Cap: UK£171.8m

Provides advertising and marketing communications services in the United Kingdom, Europe, the Middle East, the Asia Pacific, and Americas.

Asahi Broadcasting Group Holdings

Market Cap: JP¥34.6b

Engages in television and radio broadcasting activities in Japan and internationally.

Digital Bros

Market Cap: €176.3m

Engages in the development, publishing, distribution, and marketing of video games in Europe, the Americas, and internationally.

Chubu-Nippon Broadcasting

Market Cap: JP¥30.8b

Through its subsidiaries, engages in the television and radio broadcasting businesses.

Ten Square Games

Market Cap: zł655.4m

Engages in the publishing activity related to computer games in North America, Europe, Asia, South America, Australia, Oceania, and Africa.

DHI Group

Market Cap: US$173.7m

Provides data, insights, and employment connections through specialized services for technology professionals and other select online communities in the United States.

Roctec Global

Market Cap: ฿5.6b

Provides system integration services in public and private sectors and advertising services.

Adventure

Market Cap: €142.4m

Operates a price and tariff comparison site in Italy.

Ceres

Market Cap: JP¥26.2b

Offers mobile and financial services in Japan and internationally.

Deezer

Market Cap: €140.1m

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.

Major Cineplex Group

Market Cap: ฿4.9b

Engages in cinema operations and entertainment services in Thailand.

Team Internet Group

Market Cap: UK£108.6m

Operates as an internet solutions provider.

Era Media Sejahtera

Market Cap: Rp2.5t

Operates as an advertising media company in Indonesia.

RAKUMACHIInc

Market Cap: JP¥22.4b

Operates a real estate investment portal site under the Rakumachi name in Japan.

Jagran Prakashan

Market Cap: ₹13.5b

Jagran Prakashan Limited prints and publishes newspapers and magazines in India.

Bank of InnovationInc

Market Cap: JP¥21.5b

Develops and operates smartphone games application in Japan.

MarkLines

Market Cap: JP¥20.6b

Operates an automotive industry portal in Japan, China, the rest of Asia, North America, Europe, and internationally.

NZME

Market Cap: NZ$210.8m

Engages in the integrated media and entertainment business in New Zealand.

Audioboom Group

Market Cap: UK£89.7m

A podcast company, operates a spoken-word audio platform for hosting, distributing, and monetizing content in the United Kingdom and the United States.

Edel SE KGaA

Market Cap: €102.5m

Operates as an independent music company in Europe.

Vocento

Market Cap: €96.3m

An independent communications company, develops content and services in Spain.

Yellow Pages

Market Cap: CA$153.0m

Through its subsidiaries, provides digital and print media, and marketing solutions to small and medium-sized enterprises in Canada.