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  "value": "valuation-bridge-ev-to-equity-",
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      "docId": "019dd923-622c-750b-8b99-dfc8f9e0fa3e",
      "docSlug": "c0127171790f",
      "documentTitle": "Bunge Global SA (BG)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2026-03-25 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 72,
      "slideType": "valuation_table",
      "function": "show_valuation_bridge",
      "notes": "The slide uses a valuation bridge to derive equity value from enterprise value, then calculates share price targets.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": "EV less debt/NCI plus cash to equity to per-share target",
      "slideHref": "/slides/019dd923-622c-750b-8b99-dfc8f9e0fa3e/72",
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          "name": "Build Up",
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          "bestFor": "Pricing justification, cost estimation, market sizing",
          "matchId": "019de85c-5575-7729-945f-2c474d970422",
          "evidence": "Pre-Viterra multiple, adj EV $46bn, adj leverage 5.7x, target $24.35-$53.08.",
          "position": 10,
          "objective": "Build adjusted EV -> equity -> target",
          "structure": "The Base -> Add Component A -> Add Component B -> Add Component C -> The Total",
          "confidence": 84,
          "description": "Start from zero and add components to arrive at a total"
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          "arcSlug": "consultants-gambit",
          "beatName": "Impact & Next Steps",
          "beatSlug": null,
          "evidence": "Multiple compression, EV bridge, 55-80% target",
          "position": 5,
          "confidence": 82,
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