Global Media Undervalued over 20% based on DCF

Zenken

Market Cap: JP¥8.1b

Provides IT, language education, and real estate services in Japan.

Hobonichi

Market Cap: JP¥7.6b

Engages in the operation and content creation of Hobonichi Itoi Shimbun website and the Hobonichi web store in Japan.

Shobunsha Holdings

Market Cap: JP¥7.5b

Engages in the planning, producing, and publishing maps, magazines, and guidebooks in Japan.

Crazy Sports Group

Market Cap: HK$398.3m

An investment holding company, operates as a digital sports entertainment community operator in the People's Republic of China.

Taya Investment

Market Cap: ₪167.9m

Operates in the field of media and communication for private production companies.

Fun Yours TechnologyLtd

Market Cap: NT$1.5b

Designs, develops, and sells gaming software in Japan, Taiwan, and internationally.

MAG Interactive

Market Cap: SEK 425.2m

Develops and publishes mobile games worldwide.

DIGITAL CHOSUN

Market Cap: ₩58.7b

Engages in the information processing, outdoor advertising, and Internet content businesses.

360 Ludashi Holdings

Market Cap: HK$320.1m

An investment holding company, engages in online advertising and online game platform businesses in the People's Republic of China and internationally.

Mobidays

Market Cap: ₩52.0b

Provides mobile marketing services which connects and mediates domestic and international advertisers, advertising agencies, and general media representative with major mobile mediums.

Shemaroo Entertainment

Market Cap: ₹3.1b

Engages in the distribution of content for broadcasting of satellite channels and digital technologies in India.

DigiTouch

Market Cap: €26.3m

Provides digital marketing and transformation services in Italy.

Hatena

Market Cap: JP¥4.1b

Engages in the internet-related business in Japan.

Livesense

Market Cap: JP¥4.0b

Engages in the internet media business in Japan.

Facilities by ADF

Market Cap: UK£19.7m

Provides premium serviced production facilities, location, and equipment hire to the film and high-end television industry in the United Kingdom and Europe.

Value CreationLtd

Market Cap: JP¥3.8b

Engages in the marketing DX and digital media businesses.

Leone Film Group

Market Cap: €20.0m

Produces and distributes films and TV series in Italy.

Render Cube

Market Cap: zł78.2m

Engages in the production and publishing of games for personal computers and consoles in Poland and internationally.

Rebl Group Oyj

Market Cap: €16.0m

Primarily engages in printing and designing of magazines and newspapers business in Finland.

GLOE

Market Cap: JP¥2.7b

A gaming lifestyle company, provides games and esports planning and production, consulting, promotion, facility management, etc.

AddTech Hub

Market Cap: ฿547.7m

Provides digital content services to mobile phone operators in Thailand.

Maxposure

Market Cap: ₹1.3b

A media and entertainment company, engages in the advertising, inflight entertainment, content marketing, and technology businesses in India and internationally.

William H. Sadlier

Market Cap: US$14.5m

William H. Sadlier, Inc. publishes print, digital, and online educational materials for public and nonpublic schools.

Readyplanet

Market Cap: ฿446.4m

Operates as a sales and marketing platform company.

Ishin

Market Cap: JP¥2.0b

Provides marketing support services for companies offering services to local authorities and governments in Japan.

Nouvelles Editions Ivoiriennes-Centre d'Editions et de Diffusion Africaines Société anonyme

Market Cap: XOF 7.6b

Provides publishing of books.

visumo

Market Cap: JP¥1.6b

Engages in the design and development of a SaaS based visual marketing platform for digital marketing and enrich website content.

Eros International Media

Market Cap: ₹749.1m

Engages in the production, exploitation, and distribution of films in India, the United Arab Emirates, and internationally.

Mills Music Trust

Market Cap: US$7.4m

Mills Music Trust holds the right to receive payment of a deferred contingent purchase price obligation relating to music and lyric copyright catalogue payable to Mills Music, Inc.

Great World Company Holdings

Market Cap: HK$50.5m

An investment holding company, provides advertising and targeted marketing services in the People’s Republic of China.

Vivenda Group

Market Cap: €4.4m

Engages in advertising business in Italy.

Pritish Nandy Communications

Market Cap: ₹418.0m

A media and entertainment company, engages in the production and exploitation of content in India and internationally.

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.

Immersion Games

Market Cap: zł7.3m

Engages in the design, development, and production of virtual reality and PC games in the United States.

V R Films & Studios

Market Cap: ₹162.7m

Offers dubbing and film distribution solutions for the movie, television, OTT, education, and digital industry in India.

Alchimie

Market Cap: €268.3k

Operates as an OTT video streaming platform in France and internationally.