{
  "docId": "019dd923-622b-71dc-a6db-f39b3a5e7362",
  "docSlug": "6a103edd2901",
  "documentTitle": "Outerwall Inc. (OUTR)",
  "authorId": "09_Engaged_Capital",
  "authorName": "Engaged Capital",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2016-02-18 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 12,
  "pageCount": 32,
  "prevPage": 11,
  "nextPage": 13,
  "slideType": "valuation_table",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 20,
  "notes": "The slide uses a peer comparison to demonstrate undervaluation.",
  "elementsJson": [
    "headline_text",
    "comparison_table",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6db-f39b3a5e7362/12",
  "deckHref": "/decks/019dd923-622b-71dc-a6db-f39b3a5e7362",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6db-f39b3a5e7362.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-f39b3a5e7362#slide-12",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.95
      },
      "kind": "disclaimer",
      "text": "Includes all members of S&P 500, 400, and 600 excluding Energy, Financials, Telecom, and Utilities sectors. Source: FactSet consensus estimates based on 2016 projections.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a42e1e98-3db5-41a0-a03f-3ceaaa86794d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "valuation multiples: 0.2%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-0936-7173-ab12-1ce42a516791",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.65,
        "w": 0.9,
        "x": 0.05,
        "y": 0.175
      },
      "kind": "table",
      "text": "Valuation Metric, OUTR, Universe Median, % Discount vs Universe, Rank/Total, Percentile; P/E Multiple, 5.5x, 16.0x, (66%), #8 of 994, 0.8%; EV/EBITDA Multiple, 3.3x, 8.5x, (62%), #21 of 1,006, 2.1%; FCF Yield %, 34.6%, 6.1%, (82%), #6 of 901, 0.7%; Short Interest %, 52.6%, 4.5%, (92%), #2 of 1,032, 0.2%",
      "attrs": null,
      "subkind": "valuation",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "93e90bc1-2218-4199-b6b0-37317e5262a3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.7,
        "x": 0.15,
        "y": 0.05
      },
      "kind": "title",
      "text": "OUTR's Valuation Remains Among the Lowest of All Public Companies...",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6c2aa675-ff4e-47bc-a2c2-2168a758dec8",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "comparison_frame",
      "slug": null,
      "matchId": "28d9a9c8-4d0e-46c6-b162-15613a4a246a",
      "evidence": "Compares company metrics against a peer universe median to establish undervaluation.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 20,
      "from": 8,
      "beatId": "55c9de53-06e0-4577-a10b-ad59bf4e25b5",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Problem & Complication",
      "beatSlug": "consultants-gambit-problem-complication",
      "evidence": "OUTR's underperformance and flawed capital allocation strategy",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}