Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Charter Communications  / Equity Bottom-Up

Charter Communications, Inc. operates as a cable telecommunications company. The Company offers cable broadcasting, internet, voice, and mass media services. Charter Communications serves customers in the United States.

<ul><li>In Q4 2023, Charter Communications witnessed a modest addition of 155,000 Internet customers and a notable increase of nearly 2.5 million Spectrum Mobile lines, boasting a growth close to 50%.</li><li>Despite these figures, the company's revenue uplift was a meager 1%, with EBITDA inching up by just 1.3%—a figure that barely reaches 2.5% even when advertising dollars are set aside.</li><li>The endeavor to expand its Internet business within its current territory was met with significant hurdles, largely due to the relentless pressure from fixed wireless and wireline overbuild activities.</li></ul>

In Q4 2023, Charter Communications witnessed a modest addition of 155,000 Internet customers and a notable increase of nearly 2.5 million Spectrum Mobile lines, boasting a growth close to 50%.Despite these figures, the company's revenue uplift was a meager 1%, with EBITDA inching up by just 1.3%—a figure that barely reaches 2.5% even when advertising dollars are set aside.The endeavor to expand its Internet business within its current territory was met with significant hurdles, largely due to the relentless pressure from fixed wireless and wireline overbuild activities.

Charter Communications Inc.: These Are The 6 Fundamental Elements Driving Its Performance In 2024 & 2025! - Financial Forecasts

Independent Analyst, Beat the Street

Sudarshan Bhandari

Independent Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Quint Digital Limited operates as a digital media company. The Company offers news through platforms in various categories such as politics, businesses, opinions, entertainment matters, sports, technology aspects, health and fitness, women matters, blogs, hot wires, photos and videos, and international news. Quint Digital serves customers in India.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/quint-digital-ltd" target="_blank" data-smartkarma-citation="entities:43010:1" rel="noopener">Quint Digital (QUINT IN)</a> announces alterations to its MoA, changing its name and expanding its digital ventures, including joint ventures and acquisitions.</li>
<li>Quintype Technologies India Limited's impressive growth and the acquisition of <a href="https://www.smartkarma.com/entities/lee-enterprises-inc" target="_blank" data-smartkarma-citation="entities:37740:1" rel="noopener">Lee Enterprises (LEE US)</a> highlight Quint Digital's ambitions and potential.</li>
<li>Despite debt concerns, Quint Digital's strategic investments in digital media and technology position it for substantial growth, potentially reshaping the digital publishing landscape.</li>
</ul>



Quint Digital (QUINT IN) announces alterations to its MoA, changing its name and expanding its digital ventures, including joint ventures and acquisitions.
Quintype Technologies India Limited's impressive growth and the acquisition of Lee Enterprises (LEE US) highlight Quint Digital's ambitions and potential.
Despite debt concerns, Quint Digital's strategic investments in digital media and technology position it for substantial growth, potentially reshaping the digital publishing landscape.


Quint Digital: The New Era of Raghav Bahal

Director, RaaS Advisory, Research as a Service (RaaS)

Research as a Service (RaaS)

Director, RaaS Advisory

Insightful Financial Models and Research Analysis

Connect to the right investors through smart and insightful financial models and research analysis.

Pureprofile Ltd. operates as a online marketing and research company. The Company offers consumers with a web application, which enabled them to create and maintain their profile in order to be matched with relevant business marketing messages and survey questions.

<ul><li>Pureprofile Ltd (ASX:PPL) is a data analytics and consumer insights company underpinned by proprietary technology, servicing business decision makers in brands and media companies as well as market researchers.</li><li>Pureprofile reported a 6% increase in Q3 FY24 revenue to $10.9m and a 49% decline in Q3 EBITDA to $0.5m versus the previous corresponding period (pcp).</li><li>Q3 is seasonally the weakest quarter for PPL and EBITDA was affected, in part, by the change in executive remuneration policy to cash-based payments.</li></ul>

Pureprofile Ltd (ASX:PPL) is a data analytics and consumer insights company underpinned by proprietary technology, servicing business decision makers in brands and media companies as well as market researchers.Pureprofile reported a 6% increase in Q3 FY24 revenue to $10.9m and a 49% decline in Q3 EBITDA to $0.5m versus the previous corresponding period (pcp).Q3 is seasonally the weakest quarter for PPL and EBITDA was affected, in part, by the change in executive remuneration policy to cash-based payments.

Pureprofile Ltd - EBITDA margin guidance upgraded

New Zealand Professional Investment Services Firm, Forsyth Barr

Forsyth Barr

New Zealand Professional Investment Services Firm

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

Spark New Zealand Limited (formerly Telecom Corporation of New Zealand Limited) provides digital communications, entertainment and IT services over its networks and the Cloud to New Zealanders and businesses. The Company's strategy is focused on mobility, data and effortless service, and cost.

<ul><li>Spark NZ (SPK) issued an uncharacteristic earnings downgrade, citing cyclical headwinds in both its IT services and mobile device sales.</li><li>We have no doubt these are the core drivers behind the downgrade.</li><li>That said, it is untimely. The IT services division has been a serial disappointment over the last couple of years, with SPK failing to reach its expectations in FY22 and FY23.</li></ul>

Spark NZ (SPK) issued an uncharacteristic earnings downgrade, citing cyclical headwinds in both its IT services and mobile device sales.We have no doubt these are the core drivers behind the downgrade.That said, it is untimely. The IT services division has been a serial disappointment over the last couple of years, with SPK failing to reach its expectations in FY22 and FY23.

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Independent Stock Specific Research

BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

Shenandoah Telecommunications Company / Equity Bottom-Up

Shenandoah Telecommunications Company provides telecommunications services through its subsidiaries.  The Company offers integrated, full service telecommunications products and services in the Northern Shenandoah Valley and surrounding areas.  Shenandoah Telecommunications also holds paging and other radio telecommunications licenses.

Shenandoah Telecommunications Company (SHEN US)

<ul>
<li>SHEN added a record number of Glo Fiber subscribers in the first quarter as growing number of markets served begins to run through the subscriber and revenue figures</li>
<li>SHEN’s ability to add over 5,000 Glo Fiber customers in Q1 sets our expectations for approximately 5,500 in Q3 when net adds are seasonally the highest of the year</li>
<li>Our timing to flip to a Buy after four years of negative bias has been anything but perfect. Our focus is on SHEN’s growth rate as Glo Fiber customers rise.</li>
</ul>


SHEN added a record number of Glo Fiber subscribers in the first quarter as growing number of markets served begins to run through the subscriber and revenue figures
SHEN’s ability to add over 5,000 Glo Fiber customers in Q1 sets our expectations for approximately 5,500 in Q3 when net adds are seasonally the highest of the year
Our timing to flip to a Buy after four years of negative bias has been anything but perfect. Our focus is on SHEN’s growth rate as Glo Fiber customers rise.


Insights in the Communication Services Space

Communication Services
Insights in the Communication Services Space

Charter Communications Inc.: These Are The 6 Fundamental Elements Driving Its Performance In 2024 & 2025! - Financial Forecasts

In Q4 2023, Charter Communications witnessed a modest addition of 155,000 Internet customers and a notable increase of nearly 2.5 million Spectrum...

Baptista Research

Quint Digital: The New Era of Raghav Bahal

Quint Digital is charting a new growth trajectory with a SaaS-based platform and planning acquisition of US based Lee to grow globally.

Sudarshan Bhandari

Pureprofile Ltd - EBITDA margin guidance upgraded

Pureprofile Ltd (ASX:PPL) is a data analytics and consumer insights company underpinned by proprietary technology, servicing business decision...

Research as a Service (RaaS)

Spark NZ - Cyclical or Structural?

Spark NZ (SPK) issued an uncharacteristic earnings downgrade, citing cyclical headwinds in both its IT services and mobile device sales.

Forsyth Barr

SHEN: Glo-Ing Adds

The record number of Glo Fiber adds in the quarter put SHEN on pace for higher-than-expected adjusted EBITDA this year, which we do not believe is...

BWS Financial Inc