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  "docSlug": "jarvis-starboard-value-wix-presentation-october-2022",
  "documentTitle": "Starboard Value Wix Presentation October 2022",
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  "presentationDate": "2022-10-01 00:00:00",
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  "notes": "The slide uses two bar charts to compare Splunk (red) against high-growth (dark blue) and moderate-growth (light blue) peers.",
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      "kind": "chart",
      "text": "Price / CY2023E Free Cash Flow",
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      "text": "EV / CY2023E Sales",
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      "kind": "disclaimer",
      "text": "Source: Capital IQ, Bloomberg. Market data as of 10/14/22. Note: Splunk valuation multiple is calculated on EV / ARR basis instead of EV / Revenue...",
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      "kind": "legend",
      "text": "20%+ Growing, FCF-Generative Software Peers; 10-20% Growing, FCF-Generative Software Peers",
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      "kind": "title",
      "text": "After years of underperformance, Splunk is now trading far below peer multiples, despite strong top-line growth and an enviable market position.",
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      "kind": "title",
      "text": "As a Result, Shares Are Now Trading at an Attractive Valuation",
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      "evidence": "The document presents Starboard Value's solution and approach to improve growth and profitability in Wix, Splunk, and Salesforce.",
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