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  "documentTitle": "Dye & Durham Limited (DND)",
  "authorId": "27_Engine_Capital",
  "authorName": "Arnaud Ajdler",
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  "presentationDate": "2024-12-01 00:00:00",
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  "notes": "Uses a waterfall-bridge chart to illustrate the path from current share price to intrinsic value.",
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      "kind": "callout",
      "text": "Improving FCF conversion will dramatically enable the Company to de-lever the balance sheet",
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      "text": "2027 Share Price Valuation Bridge",
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      "kind": "disclaimer",
      "text": "Engine Capital assumptions; Capital IQ as of 10/15/2024; 10/15/2024 represents unaffected share price prior to Engine Capital's 10/16/2024 press release stating it will pursue Board changes at the Annual Meeting. 1 Valuation based on NTM EBITDA multiple as of 2027 fiscal year end; assumes Free Cash Flow (FCF) generation in 2025 - 2027 is used to delever the balance sheet. 2 Assumes no acquisitions through 2027.",
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      "text": "share price: $46.34",
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      "text": "2028 EBITDA, EV/ NTM EBITDA Multiple, Potential Share Price",
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      "kind": "title",
      "text": "Our Operating Plan Provides a Credible, Achievable Path to Tripling Dye & Durham's Share Price in Less Than Three Years",
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