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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 demonstrate valuation gaps across two key financial metrics.",
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      "kind": "callout",
      "text": "Salesforce trades at a discount to its peers and has an outsized margin expansion opportunity",
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      "text": "Enterprise Value/ CY2023E Revenue",
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      "text": "Price / CY2023E Free Cash Flow",
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      "text": "The Company is currently valued significantly below the peer median multiple on forward revenue and free cash flow expectations.\nSalesforce's valuation is even more attractive when considering the magnitude of the margin expansion opportunity, as well as Salesforce's business quality and growth outlook.",
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      "kind": "paragraph",
      "text": "Salesforce is currently trading well below peer multiples, despite the Company's leading market position, solid long-term growth profile, and significant margin expansion opportunity.",
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      "text": "Source: Capital IQ, Bloomberg. Market data as of October 14, 2022.",
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      "kind": "title",
      "text": "Salesforce Trades at a Discount to Its Peer Group",
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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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