{
  "docId": "019f6b8f-6a7b-7439-a2d1-f1c88e2f670d",
  "docSlug": "jarvis-starboard-value-wix-presentation-october-2022",
  "documentTitle": "Starboard Value Wix Presentation October 2022",
  "authorId": "starboard-value-wix-presentation-october-2022",
  "authorName": null,
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2022-10-01 00:00:00",
  "orientation": null,
  "aspectRatio": null,
  "pageNumber": 3,
  "pageCount": 65,
  "prevPage": 2,
  "nextPage": 4,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 3,
  "notes": "The chart illustrates the valuation premium commanded by high-growth software companies compared to mid and low-growth peers.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019f6b8f-6a7b-7439-a2d1-f1c88e2f670d/3",
  "deckHref": "/decks/019f6b8f-6a7b-7439-a2d1-f1c88e2f670d",
  "deckJsonHref": "/decks/019f6b8f-6a7b-7439-a2d1-f1c88e2f670d.json",
  "deckAnchorHref": "/decks/019f6b8f-6a7b-7439-a2d1-f1c88e2f670d#slide-3",
  "components": [
    {
      "bbox": {
        "h": 0.25,
        "w": 0.15,
        "x": 0.82,
        "y": 0.44
      },
      "kind": "callout",
      "text": "High growth was rewarded with significant multiple expansion",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2314140a-e74e-40e0-9bd1-db25568d4131",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.75,
        "x": 0.05,
        "y": 0.3
      },
      "kind": "chart",
      "text": "Line chart showing EV/NTM Revenue multiples for High, Mid, and Low growth cohorts.",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5e2c6ff8-8bef-4b98-b7b5-1bfda5a91490",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.4,
        "x": 0.2,
        "y": 0.86
      },
      "kind": "legend",
      "text": "High-Growth (1), Mid-Growth (2), Low-Growth (3)",
      "attrs": null,
      "subkind": "legend",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "822dcad1-14e5-4a97-a5a0-d5be2b5e8d5a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.6,
        "x": 0.04,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "Source: Bloomberg (9/30/18 – 10/30/21). Note: The iShares Expanded Tech-Software Sector (the “IGV”) is a commonly used benchmark to track the software industry.",
      "attrs": null,
      "subkind": "source-note",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ca532ec2-8165-4ae7-9fb6-b3c65f8a284e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.85,
        "x": 0.04,
        "y": 0.04
      },
      "kind": "title",
      "text": "In Recent Years, Market Dynamics Heavily Rewarded Technology Companies For Prioritizing Growth",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "eb8185f1-b3e1-4b02-8956-af7d5abfb006",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.92,
        "x": 0.04,
        "y": 0.21
      },
      "kind": "title",
      "text": "Average EV/NTM Revenue – Software Valuations by Growth Cohort",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d6b5899f-5b0d-4f24-bfe3-412b4828e705",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Slide recipe: the peer-gap chart",
      "slug": "peer-gap-chart-recipe",
      "agent": "designer",
      "layer": "slide",
      "matchId": "e9e1be13-4b91-4a06-9452-1d1df42e56c7",
      "evidence": "Average EV/NTM Revenue – Software Valuations by Growth Cohort",
      "confidence": 0.7
    }
  ],
  "frameworks": [
    {
      "name": "comparison_frame",
      "slug": null,
      "matchId": "2541627c-f81b-4b95-bbf6-c3b0732ce128",
      "evidence": "Comparing valuation multiples across growth cohorts",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 5,
      "from": 3,
      "beatId": "34db681e-a7d0-4dbb-8930-f4e6b2a670d5",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Situation & Context",
      "beatSlug": "consultants-gambit-situation-context",
      "evidence": "The document provides an overview of the market dynamics and the current situation of Wix, Splunk, and Salesforce.",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Setup",
      "parentBeatSlug": "setup"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}