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Campaigns / Starboard Value → GoDaddy Inc.
Starboard Value vs. GoDaddy Inc.

GoDaddy Inc. · GDDY

4 decks published between 2023-09-12 and 2024-01-31 — 110 pages, 110 analysed slides total.

follow up

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2023-09-12 follow up

    2023 09 Starboard_Value_LP_Letter_to_GDDY_09.12.2023

    8pp · letter

    GoDaddy has missed its 2022 Investor Day targets as Tech & Dev expenses ballooned; cutting costs to a 40% growth+profitability exit rate and adding a Starboard director unlocks a ~40% valuation re-rating.

    N 4 V 3 C 2
    ⌂ ⚑
  2. 2023-10-17 follow up

    2023 10 Starboard Value GoDaddy TMT Starboard GoDaddy Presentation Oct 2023

    70pp · conference_presentation

    GoDaddy missed its 2022 Investor Day commitments as Tech & Development costs ballooned; cutting costs to hit 33%+ EBITDA margins re-rates FCF/share to $10+ and closes the peer-multiple gap.

    N 3 V 3 C 3
    ⌂ ◫ ” ⇌
  3. 2023-10-18 follow up

    2023 10 2023_Active Passive_Investor_Summit_ _GoDaddy_Inc

    28pp · conference_presentation

    GoDaddy is a scale-leading infrastructure business trading at 11x FCF; replaying Starboard's Splunk/Wix/Salesforce margin-expansion playbook can close a 37% peer gap and re-rate the stock.

    N 4 V 3 C 3
    ⌂ ◫
  4. 2024-01-31 follow up

    2024 01 Starboard_Value_LP_Letter_to_GDDY_01.31.2024

    4pp · letter

    GoDaddy is a high-quality infrastructure business trading at a wide FCF-multiple discount; committing to 40% growth-plus-profitability and buying back stock unlocks $170-$200+ per share.