Global Media Undervalued over 20% based on DCF

everplay group

Market Cap: UK£323.5m

Develops and publishes independent video games for digital and physical market in the United Kingdom.

Pico Far East Holdings

Market Cap: HK$2.9b

An investment holding company, engages in the brand experience activation; meeting architecture activation; museum and themed entertainment; and related businesses.

MPS

Market Cap: ₹34.3b

Provides platforms and services for content creation, full-service production, and distribution to the publishers, learning companies, corporate institutions, libraries, and content aggregators in India, Europe, the United States, and internationally.

Cairo Communication

Market Cap: €303.4m

Operates as a communication company in Italy and Spain.

Navneet Education

Market Cap: ₹32.9b

Navneet Education Limited, together with its subsidiaries, publishes state board books in India, North and Central America, Africa, Europe, and internationally.

Digital Network

Market Cap: zł1.3b

Engages in media and advertising business in Poland and internationally.

Grupo Clarín

Market Cap: AR$468.7b

Operates in the media industry in Argentina an Internationally.

Palms Sports PJSC

Market Cap: د.إ1.1b

Provides sports training programs for Jiu-Jitsu and other sports in the United Arab Emirates.

Sichuan Newsnet Media (Group)

Market Cap: CN¥2.1b

Operates as a mainstream new media company in China.

Taiwan Optical Platform

Market Cap: NT$10.0b

Operates as a cable television system and channel licensing in Taiwan.

IVE Group

Market Cap: AU$436.0m

Engages in the marketing business in Australia.

Polaris Media

Market Cap: NOK 2.9b

Operates as a media house company in Norway and Sweden.

S4 Capital

Market Cap: UK£223.4m

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

ADDCN Technology

Market Cap: NT$9.0b

Operates online trading platforms in Taiwan and internationally.

Caxton and CTP Publishers and Printers

Market Cap: R4.4b

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

Bushiroad

Market Cap: JP¥42.9b

Bushiroad Inc engages in the entertainment and sports businesses in Japan, the United States, rest of Asia, and internationally.

GMA Network

Market Cap: ₱15.4b

Engages in radio and television broadcasting businesses in the Philippines and internationally.

ZIGExN

Market Cap: JP¥39.5b

Operates the life service platform worldwide.

Angi

Market Cap: US$241.3m

Angi Inc. connects home professionals with consumers in the United States and internationally.

Sunfun Info

Market Cap: NT$7.2b

Engages in the operation of social networking platform services in Taiwan.

Chubu-Nippon Broadcasting

Market Cap: JP¥34.3b

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

Homeland Interactive Technology

Market Cap: HK$1.6b

An investment holding company, engages in the development, publication, and operation of localized mobile card and board games in the People’s Republic of China.

Digital Bros

Market Cap: €163.8m

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

Goodheart-Willcox Company

Market Cap: US$182.8m

The Goodheart-Willcox Company, Inc. publishes print and digital textbooks.

AlphaPolis

Market Cap: JP¥29.4b

Engages in site management and books publishing businesses in Japan.

FAN Communications

Market Cap: JP¥26.5b

Develops Internet advertising related businesses in Japan.

Roctec Global

Market Cap: ฿5.4b

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

DHI Group

Market Cap: US$160.1m

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

Ten Square Games

Market Cap: zł579.0m

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

Jagran Prakashan

Market Cap: ₹13.9b

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

RAKUMACHIInc

Market Cap: JP¥23.6b

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

Deezer

Market Cap: €124.6m

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.

HIM International Music

Market Cap: NT$4.5b

Engages in the recording and distribution of music.

Graha Layar Prima

Market Cap: Rp2.5t

Through its subsidiary, operates in the cinema industry in Indonesia.

Keskisuomalainen Oyj

Market Cap: €116.2m

Engages in publishing, printing, and distributing newspapers and electronic communications in Finland.

North Media

Market Cap: DKK 818.3m

Develops and operates platforms for transactions between businesses and consumers in Denmark, Sweden, and Norway.