{
  "docId": "019dd923-622b-71dc-a6da-fdfe8ef6f649",
  "docSlug": "b00d3608ca61",
  "documentTitle": "Core Laboratories (CLB)",
  "authorId": "04_Greenlight_Capital",
  "authorName": "David Einhorn",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2017-05-08 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 10,
  "pageCount": 63,
  "prevPage": 9,
  "nextPage": 11,
  "slideType": "valuation_table",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 15,
  "notes": "The slide highlights that the stock is trading at high P/E multiples based on consensus estimates.",
  "elementsJson": [
    "headline_text",
    "valuation_table",
    "paragraph",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6da-fdfe8ef6f649/10",
  "deckHref": "/decks/019dd923-622b-71dc-a6da-fdfe8ef6f649",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6da-fdfe8ef6f649.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-fdfe8ef6f649#slide-10",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Core Lab is not cheap. On consensus estimates, the stock trades at 35x next year’s earnings and nearly 27x 2019 estimates.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-25b4-767c-9bf8-2d0afbefcbde",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "P/E: 35.0x",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-25b4-767c-9bf8-315189f79b0d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.035,
        "w": 0.768,
        "x": 0.116,
        "y": 0.484
      },
      "kind": "paragraph",
      "text": "Core Lab is not cheap. On consensus estimates, the stock trades at 35x next year's earnings and nearly 27x 2019 estimates.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9833af51-0205-421c-8072-a030ab30eb45",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.015,
        "w": 0.405,
        "x": 0.116,
        "y": 0.575
      },
      "kind": "source-note",
      "text": "Source: Bloomberg LP consensus figures, retrieved May 2017.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ef4ea46a-aae5-4ced-817d-cca1cd4f3974",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.55,
        "x": 0.225,
        "y": 0.212
      },
      "kind": "table",
      "text": "Revenue, EBIT, Net income, EPS, P/E for 2017e, 2018e, 2019e",
      "attrs": null,
      "subkind": "valuation",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d2ab9ef6-4e0d-476d-a9eb-4d79f344747e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.041,
        "w": 0.384,
        "x": 0.308,
        "y": 0.105
      },
      "kind": "title",
      "text": "Core Lab valuation",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bd6ab368-866c-4250-9031-3b820ce3c1d2",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 20,
      "from": 6,
      "beatId": "cf2107c9-3200-43b1-9537-a19537b462d0",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Monster",
      "beatSlug": "overcoming-monster-the-monster",
      "evidence": "Detailing the problems with Core Lab's growth story.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Hook",
      "parentBeatSlug": "hook"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}