Rational Investing

	Total Market Capitalization of All Firms	$190,207 mm
	Average Market Capitalization	$14,631 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	0.8
	Standard Deviation of MM Ratio	0
	Average Beta	1.1
	Average EV To Revenue	2.5
	Average Price To Free Cash Flow	12.4

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	% Growth	Beta	As Of
9412	Sky Perfect Jsat Hldg Inc	1.0	1,516	0.8	9.7	0	0.6	Sep 19
CETV	Central European Media Enterpr	1.0	1,135	2.4	8.8	12	1.2	Sep 19
GTN	Gray Television Inc.	1.0	2,184	4.6	-0.6	64	1.9	Sep 19
TRCO	Tribune Media Co	1.0	4,119	3.7	8.4	0	0.7	Jun 19
TV	Grupo Televisa Sa	1.0	7,372	2.6	13.2	4	1.0	Sep 19
9401	Tokyo Broadcasting System Hold	0.9	3,031	0.1	16.7	0	1.1	Sep 19
NFLX	Netflix Inc	0.8	154,409	6.8	-84.8	26	1.4	Dec 19
TFI.PA	Television Francaise 1 SA	0.7	1,672	0.8	7.7	2	0.9	Sep 19
EVC	Entravision Communications Cor	0.6	176	1.5	29.1	-3	1.0	Mar 19
MMT.PA	Metropole Television SA	0.6	2,365	1.7	8.9	2	0.9	Dec 18
NXST	Nexstar Broadcasting Group Inc	0.6	5,757	3.4	-11.9	4	1.4	Sep 19
SBGI	Sinclair Broadcast Group Inc	0.6	2,857	3.8	-0.4	32	1.0	Sep 19
9404	Nippon Television Holdings Inc	0.5	3,614	0.1	9.2	5	0.9	Sep 19