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  "documentTitle": "Peloton Interactive (PTON)",
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  "authorName": "David Einhorn",
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  "presentationDate": "2024-10-23 00:00:00",
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  "notes": "The slide uses a Peloton exercise bike interface as a thematic background for financial data.",
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      "text": "Peloton today trades at $5.48 per share.",
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      "text": "Enterprise Value: $3,171",
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      "text": "Peloton today trades at $5.48 per share. It has a market cap of $2.4 billion. After the recent debt refinancing to extend maturities to 2029, it has net debt of about $800 million for a total enterprise value of $3.2 billion.",
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      "text": "Source: Bloomberg L.P., retrieved October 22, 2024; Peloton Interactive 2024 annual report...",
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      "text": "Share Price (10/21/24) $5.48; Fully Diluted Shares (M) 432.2; Market Capitalization ($M) $2,369; Net Debt ($M) $803; Enterprise Value ($M) $3,171",
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