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  "documentTitle": "Morgan Stanley | Investment Banking Pitch Book | 40 slides",
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  "authorName": "Morgan Stanley",
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  "presentationDate": "2020-09-01 00:00:00",
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  "notes": "Data sourced from Capital IQ; includes specific methodology for AV and P/E calculations.",
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      "text": "Notes: 1. Last Trading Day Prior to Offer 2. Consensus estimates from Capital IQ based on rolling broker forecasts 3. AV is calculated as market cap based on basic shares outstanding, plus net debt, and minority interest based on market value, all based on latest available data as of the trading date; trailing NTM EBITDA is the median of broker estimates from Capital IQ 4. Market cap is calculated as market cap based on basic shares outstanding; trailing NTM net income is the median of broker estimates from Capital IQ",
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