Global Media Undervalued over 20% based on DCF

PRONI

Market Cap: JP¥6.2b

Owns and operates a business to business (B2B) ordering platform.

Vertoz

Market Cap: ₹3.3b

Engages in the programmatic advertising business in India and internationally.

Casta Diva Group

Market Cap: €29.1m

Operates as a communication company in Italy and internationally.

Glacier Media

Market Cap: CA$45.9m

Operates as an information and marketing solutions company in Canada and the United States.

THECOO

Market Cap: JP¥5.1b

Engages in the management and operation of a fan community platform in Japan.

Zeta

Market Cap: JP¥5.0b

Engages in digital marketing solutions business in Japan.

Art Emperor Technology And Culture

Market Cap: NT$887.6m

Art Emperor Technology And Culture Co., Ltd.

African Media Entertainment

Market Cap: R443.5m

Engages in radio broadcasting, media integration, and publications activities in South Africa.

360 Ludashi Holdings

Market Cap: HK$201.8m

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

Chuokeizai-Sha Holdings

Market Cap: JP¥4.1b

Engages in publishing business in Japan.

Living Technologies

Market Cap: JP¥4.0b

Provides real estate web services in Japan.

illumin Holdings

Market Cap: CA$34.1m

A technology company, provides digital media solutions in Canada, the United States, Europe, Latin America, and internationally.

Piala

Market Cap: JP¥3.4b

Provides marketing services in Japan.

Gumtree Australia Markets

Market Cap: AU$28.9m

Operates a digital business news and investor relations platform in Australia and internationally.

Fabrity

Market Cap: zł74.8m

Engages in the production of technological solutions in Poland.

Hope

Market Cap: JP¥3.0b

Provides advertising services to local governments and private companies.

Klassik Radio

Market Cap: €14.5m

Engages in radio broadcasting business in Germany.

Aqua Corporation

Market Cap: ฿514.1m

Provides real estate and warehouse rental services in Thailand.

Prismaflex International

Market Cap: €12.6m

Designs, manufactures, and sells various advertising supports and wide format digital printing products and solutions worldwide.

William H. Sadlier

Market Cap: US$14.1m

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

Global Digital Creations Holdings

Market Cap: HK$108.2m

An investment holding company, creates, develops, produces, and distributes various types of multimedia digital products in Mainland China.

KIDS STAR

Market Cap: JP¥2.2b

Engages in planning, developing, producing, and operating educational apps for children in Japan.

GreenBee

Market Cap: JP¥2.2b

Provides green and digital transformation and technology licensing services in Japan.

True Data

Market Cap: JP¥2.2b

Operates an outsourcing contracting to a marketing platform for consumer purchasing data analysis solutions in Japan.

Fines

Market Cap: JP¥2.2b

Provides video production services in Japan.

Sung GangLimited

Market Cap: NT$416.2m

Provides information services in Taiwan.

Emiac Technologies

Market Cap: ₹1.2b

Operates as a technology and digital solutions company in India.

Motio

Market Cap: AU$16.8m

Operates as an audience experience and digital place-based media company in Australia.

Litian Pictures Holdings

Market Cap: HK$78.0m

A drama series distribution company, develops, produces, markets, and distributes films and television (TV) dramas in the People’s Republic of China.

Transmit Entertainment

Market Cap: HK$70.1m

An investment holding company, operates as a media and entertainment company in Hong Kong and the People’s Republic of China.

Mills Music Trust

Market Cap: US$6.9m

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

KwikClick

Market Cap: US$4.9m

Engages in the operation of social interaction, selling, and referral software platforms.

Sostravel.com

Market Cap: €3.9m

Provides digital services for travelers in Italy, rest of Europe, and internationally.

Standard Group

Market Cap: KSh488.8m

Engages in gathering and disseminating information through print, television, radio, and digital media in Kenya.

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.

Da Nang Education Development and Investment JSC

Market Cap: ₫72.7b

Da Nang Education Development and Investment JSC publishes textbooks in Vietnam.