Starboard Value · conference-presentation
GoDaddy, News Corp, Fortrea
70 pages · 5 arc beats · 3 loops
GoDaddy, News Corp, Fortrea
Starboard Value · 2023-10 arc beats above · slides in the middle · loops below · scroll → 3 LOOPS
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Deck intelligence map
5 coverage by narrative range · generated from this deck JSON
Narrative range 40 total
Metadata
Components
Metrics
Tools
Frameworks
Beats
Loops
Situation & Context 4 slides 100% 4/4 slides 100% 4/4 slides · 21 hits — 0/4 slides
25% 1/4 slides 25% 1/4 slides 100% 4/4 slides — 0/4 slides
Problem & Complication 6 slides 100% 6/6 slides 100% 6/6 slides · 47 hits — 0/6 slides
— 0/6 slides
66.7% 4/6 slides 100% 6/6 slides 100% 6/6 slides Solution & Approach 10 slides 100% 10/10 slides 100% 10/10 slides · 46 hits — 0/10 slides
40% 4/10 slides · 5 hits 30% 3/10 slides 100% 10/10 slides 100% 10/10 slides Evidence & Proof 10 slides 100% 10/10 slides 100% 10/10 slides · 64 hits — 0/10 slides
50% 5/10 slides 100% 10/10 slides 100% 10/10 slides 100% 10/10 slides Impact & Next Steps 10 slides 100% 10/10 slides 100% 10/10 slides · 64 hits — 0/10 slides
50% 5/10 slides · 7 hits 40% 4/10 slides 100% 10/10 slides — 0/10 slides
Slide inventory
70 every slide · same image gating as the playbook
03
This is a transition slide setting the stage for a review of past investment theses.establish_context
Open slide detailBeat · Situation & Context
04
The slide highlights the performance of specific investment ideas presented at a previous summit.compare_peers
Open slide detailBeat · Situation & Context
05
The slide uses a before-after comparison of financial metrics to explain stock performance.analyze_data
06
The slide uses a 'growth + profitability' metric defined differently for each company, as noted in the footer.analyze_data
07
The slide uses placeholders for the second and third opportunities.transition
08
The slide uses a red dashed box to highlight GoDaddy's poor performance relative to peers.compare_peers
09
The slide uses a red arrow to visually emphasize the performance gap between the Nasdaq Internet Index and GoDaddy.expose_gap
10
Includes company logo and source attribution.analyze_data
11
The slide uses a green bar for GoDaddy to emphasize its leadership position compared to the blue bars for competitors.compare_peers
12
The slide is a direct screenshot of a website interface.other
13
The slide content seems disconnected from the title; it shows a screenshot of a website (13D Monitor) without explicit GoDaddy branding or data.establish_context
14
The slide uses a screenshot of a website to demonstrate the subject matter.illustrate_case
15
The slide uses a screenshot of a third-party website to demonstrate the capability of the GoDaddy platform.illustrate_case
16
The slide uses a grid layout to categorize offerings into four pillars: Domains, Hosting, Web Presence, and Applications & Commerce.present_solution
17
The slide uses two bar charts side-by-side to demonstrate growth trends in both volume (customers) and value (ARPU).analyze_data
19
Uses a simple additive framework to illustrate value creation.present_solution
20
The slide uses a timeline-based visual to present a 3-year plan (2022-2024).analyze_data
21
Uses a side-by-side bar chart comparison to highlight performance gaps.expose_gap
22
The slide uses a contrast between absolute FCF (missing) and FCF per share (meeting) to highlight financial engineering.expose_contradiction
23
The chart highlights GoDaddy (GDDY) in red to emphasize its underperformance relative to the peer group median.compare_peers
24
The slide uses a 'before-after' framing to contrast historical performance with a future target, while simultaneously critiquing the target as insufficient.present_solution
25
The slide uses a dual-bar chart to illustrate the inverse relationship between revenue growth and T&D expense ratios.diagnose_problem
26
Uses a simple additive framework to justify a financial target.quantify_opportunity
27
Uses the 'Rule of 40' framework (Growth + EBITDA Margin).propose_solution
28
The chart uses a 'Rule of 40' style metric (Growth + Margin). GoDaddy is represented twice (current and projected).compare_peers
29
Uses a before-after bridge visual to imply value creation.quantify_opportunity
30
The chart highlights GoDaddy (red) and a hypothetical 'PF GDDY' (green) against a peer group, showing the valuation gap.compare_peers
31
The slide uses placeholders for the second and third ideas.transition
Open slide detailBeat · Impact & Next Steps
32
The third item is a solid dark blue rectangle, indicating a redacted or placeholder topic.transition
Open slide detailBeat · Impact & Next Steps
34
The slide uses a hierarchical structure to display the portfolio composition.establish_context
Open slide detailBeat · Impact & Next Steps
36
The slide uses a hub-and-spoke diagram to illustrate the corporate structure of News Corp.establish_context
Open slide detailBeat · Impact & Next Steps
37
This appears to be a section divider or introductory slide for a company profile.establish_context
Open slide detailBeat · Impact & Next Steps
38
The slide highlights market dominance (#1) and financial growth (10% CAGR) alongside ownership structure.summarize
Open slide detailBeat · Impact & Next Steps
39
The slide uses a simple arithmetic bridge to highlight the hidden value of the stake.show_valuation_bridge
Open slide detailBeat · Impact & Next Steps
40
The slide uses a simple arithmetic bridge to highlight undervaluation.show_valuation_bridge
Open slide detailBeat · Impact & Next Steps
41
The slide uses a hierarchical structure to emphasize Dow Jones's position within the broader News Corp portfolio.establish_context
42
The slide features a collage of WSJ media formats (print, web, mobile) and a magazine cover.establish_context
43
The slide highlights the shift toward Professional Information Services and the 22% CAGR in EBITDA.analyze_data
44
The slide uses a bar chart comparison to argue for a valuation premium for Dow Jones relative to NYT.compare_peers
45
Uses a waterfall-style visual to decompose the valuation of News Corp.compare_peers
46
The slide uses a simple multiplication bridge to justify a $7B+ valuation.show_valuation_bridge
47
Uses a simple subtraction bridge to highlight undervaluation.show_valuation_bridge
48
The slide uses a hierarchical structure to display the portfolio of assets.establish_context
49
The slide uses a simple additive visual metaphor to represent the sum of parts valuation.show_valuation_bridge
50
Uses a sum-of-the-parts valuation logic to argue for undervaluation.show_valuation_bridge
51
Uses a waterfall-style bridge to show enterprise value components.show_valuation_bridge
52
The chart uses a waterfall-bridge format to illustrate the valuation gap.show_valuation_bridge
53
The third idea is represented by a blank dark blue rectangle, likely a placeholder for a company name or logo.transition
56
The slide uses a value chain diagram to map the drug development process from discovery to approval, highlighting the 'Core Fortrea Business' area.establish_context
57
The slide uses checkmarks to indicate that CROs address all listed challenges and that scale is a critical factor in doing so.present_solution
58
Includes annotations regarding ownership status (Acquired by TMO, PE Consortium, Private) for specific firms.compare_peers
59
The slide uses a 'build-up' logic to justify a market growth thesis.size_opportunity
60
The slide uses a map to visualize global reach and callout boxes for key operational metrics.size_opportunity
61
The slide illustrates a corporate spin-off history using a timeline and business unit mapping.establish_context
62
The chart uses color coding (blue for peers, red for Fortrea) to emphasize the performance gap.compare_peers
64
Includes a quote from CEO Tom Pike supporting the margin improvement thesis.compare_peers
65
The slide uses a 'before-after' framing to establish credibility for the CEO's ability to drive profitability.illustrate_case
66
The slide uses a historical performance chart as a precedent to argue for future performance at a different company (Fortrea).cite_precedent
67
The chart uses a 'valuation bridge' logic to show how Fortrea's multiple would compress if it achieved peer-level margins.compare_peers
68
The chart compares historical transaction multiples to argue that Fortrea is undervalued.compare_peers
69
The slide uses a comparison table to calculate implied share price based on EBITDA margin expansion to peer levels.show_valuation_bridge