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  "docSlug": "9250edf61831",
  "documentTitle": "MSCI Inc. (MSCI)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2024-01-17 00:00:00",
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  "pageNumber": 119,
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  "notes": "The table highlights that MSCI trades at a premium (EV/EBITDA 31.9x vs peer average 20.4x) compared to its peers.",
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      "kind": "callout",
      "text": "MSCI trades at the highest valuation among its financial services peer group despite clear evidence of business and financial challenges facing the Company.",
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      "text": "EV / EBITDA: 31.5x",
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      "kind": "source-note",
      "text": "Source: Company financials, Bloomberg and Spruce Point estimates. MSCI is adjusted for cash paid for Burgiss (completed Oct 2023)",
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      "text": "Peer Public Company Valuation Metrics table",
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      "text": "MSCI's Valuation Is Stretched",
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      "evidence": "Peer valuation table comparing MSCI to industry competitors",
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      "arcName": "Overcoming the Monster",
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      "name": "Cost Of Inaction",
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