Global Media Undervalued over 20% based on DCF

PR TIMES

Market Cap: JP¥36.2b

Operates PR TIMES platform that connects companies, media, and consumer with news in Japan.

i-mobileLtd

Market Cap: JP¥35.8b

Engages in the Internet advertising business in Japan.

Neptune

Market Cap: ₩320.8b

Develops and supplies mobile game software worldwide.

Caxton and CTP Publishers and Printers

Market Cap: R4.0b

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

DouYu International Holdings

Market Cap: US$225.7m

Operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People’s Republic of China.

ITmedia

Market Cap: JP¥31.2b

Engages in the development and operation of Internet-only media providing information on various topics in Japan.

Digital Bros

Market Cap: €180.9m

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

Team Internet Group

Market Cap: UK£150.2m

Provides domain name services.

Goodheart-Willcox Company

Market Cap: US$195.8m

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

CI Games

Market Cap: zł595.4m

Produces, publishes, and distributes video games in Europe, North and South America, Asia, and Africa.

Grupo Média Capital SGPS

Market Cap: €136.9m

Engages in the production and broadcasting of television and radio programs, and production and operation of cinematographic and video graphic activities in Portugal and internationally.

Roctec Global

Market Cap: ฿5.0b

Provides system integration services and advertising services in Thailand, Hong Kong, and Vietnam.

note

Market Cap: JP¥22.7b

Engages in the media platform business in Japan.

Chubu-Nippon Broadcasting

Market Cap: JP¥21.5b

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

GMM Grammy

Market Cap: ฿3.8b

Engages in the music, satellite television (TV), digital TV, movies, home shopping, and co-investment in other businesses in Thailand.

NEOWIZ HOLDINGS

Market Cap: ₩153.2b

Engages in the gaming business.

Members

Market Cap: JP¥16.3b

Engages in digital marketing business in Japan.

Postmedia Network Canada

Market Cap: CA$148.6m

Through its subsidiary, engages in publishing daily and non-daily newspapers in Canada.

Edel SE KGaA

Market Cap: €87.7m

Operates as an independent music company in Europe.

HS Ad

Market Cap: ₩131.6b

Operates as an advertising and marketing communications company in Korea and internationally.

Southern Cross Media Group

Market Cap: AU$141.5m

Southern Cross Media Group Limited, together with its subsidiaries, creates audio content for distribution on broadcast and digital networks in Australia.

TV Azteca. de

Market Cap: Mex$1.5b

Engages in the production of Spanish-language television content worldwide.

S Chand

Market Cap: ₹7.0b

S Chand and Company Limited, an education content company, develops and delivers content, solutions, and services for the early learning, K-12, and higher education segments in India.

STV Group

Market Cap: UK£58.5m

Produces and broadcasts television programs in the United Kingdom.

MoneyHero

Market Cap: US$76.0m

Operates a personal finance aggregation and comparison platform for banking, insurance, and other financial products.

Migom Global

Market Cap: US$75.4m

Migom Global Corp., through its subsidiaries, engages in retail banking and money service business worldwide.

System1 Group

Market Cap: UK£54.8m

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

Space Shower Skiyaki Holdings

Market Cap: JP¥10.7b

A music entertainment company, develops various media and content businesses in Japan.

Brisbane Broncos

Market Cap: AU$103.9m

Brisbane Broncos Limited, together with its subsidiaries, is involved in the management and operation of the Brisbane Broncos Rugby League Football teams in Australia.

Brangista

Market Cap: JP¥9.9b

Produces and publishes e-magazines primarily in Japan.

ASTORYLtd

Market Cap: ₩92.6b

Engages in broadcasting program production business in South Korea.

Centaur Media

Market Cap: UK£48.6m

Engages in the provision of business information, learning, and specialist consultancy to professional and commercial markets in the United Kingdom, rest of Europe, North America, and internationally.

CL Holdings

Market Cap: JP¥9.4b

Provides marketing services in Japan and internationally.

NIFTY Lifestyle

Market Cap: JP¥9.0b

Provides action support platforms and solutions in Japan.

FingerTango

Market Cap: HK$441.2m

An investment holding company, develops and publishes online mobile games in the People’s Republic of China.

Audience Analytics

Market Cap: S$70.1m

Audience Analytics Limited creates content and brands in Singapore, Cambodia, China, Hong Kong, India, Indonesia, Macau, Malaysia, the Philippines, South Korea, Sri Lanka, Taiwan, Thailand, the United Arab Emirates, and Vietnam.