{
  "docId": "019de070-4d98-731b-aa0a-3f1139587c97",
  "docSlug": "a910931d6e3062d41382510b785466ee",
  "documentTitle": "Morgan Stanley | Investment Banking Pitch Book | 40 slides",
  "authorId": "morgan-stanley",
  "authorName": "Morgan Stanley",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2020-09-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 28,
  "pageCount": 40,
  "prevPage": 27,
  "nextPage": 29,
  "slideType": "financial_analysis",
  "function": "analyze_data",
  "density": "balanced",
  "nDataPoints": 36,
  "notes": "Includes specific assumptions for Market Risk Premium, Risk Free Rate, Beta, and debt/tax components.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de070-4d98-731b-aa0a-3f1139587c97/28",
  "deckHref": "/decks/019de070-4d98-731b-aa0a-3f1139587c97",
  "deckJsonHref": "/decks/019de070-4d98-731b-aa0a-3f1139587c97.json",
  "deckAnchorHref": "/decks/019de070-4d98-731b-aa0a-3f1139587c97#slide-28",
  "components": [
    {
      "bbox": {
        "h": 0.15,
        "w": 0.23,
        "x": 0.05,
        "y": 0.23
      },
      "kind": "list",
      "text": "Risk-free rate based on 10 Year US Treasury (Spot Rate) as of Sep 25, 2020\nSINA's calculated weighted cost of capital (base case) is 9.3% per CAPM method on a standalone basis",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6cf27343-64b6-422f-8d3f-acb046b93c18",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.15,
        "x": 0.28,
        "y": 0.86
      },
      "kind": "source-note",
      "text": "Source: Capital IQ, Company filings",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "385fc01a-e383-47c2-8455-7a13395d6c77",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.65,
        "w": 0.66,
        "x": 0.28,
        "y": 0.23
      },
      "kind": "table",
      "text": "WACC Analysis - CAPM Method table with assumptions, notes, and base/low/high scenarios",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cffd827b-95b2-4235-b1f9-1076cbe8ccc2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.35,
        "x": 0.08,
        "y": 0.12
      },
      "kind": "title",
      "text": "WACC Analysis – SINA Standalone",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8b67a978-0ad5-4e42-b00f-f8daf4932629",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "Capital Asset Pricing Model (CAPM)",
      "slug": null,
      "matchId": "056d0272-764b-49c0-a5e6-ede6861a7a41",
      "evidence": "Explicitly mentioned in slide title and table rows",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 40,
      "from": 21,
      "beatId": "0e7cc975-2a46-41c9-b16c-5c900f986421",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Impact & Next Steps",
      "beatSlug": "consultants-gambit-impact-next-steps",
      "evidence": "Analysis of potential transaction alternatives and conclusions",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}