Alpha-Centric ESG Research

Kyle Rudden

<ul>
<li>Notwithstanding bright spots and positive long-term outlook, the ESG gold rush has created an acute state of chaos. Regulatory flux. Rampant greenwashing. ESG litigation. Elon and S&amp;P.</li>
<li>The silver lining? New ESG-<em>related</em> investing opportunities emerging from all the chaos; stocks poised to benefit, regardless of who else wins or losses. The new shovel-sellers, as it were.</li>
<li>One large opportunity is driven by new greenhouse gas (GHG) reporting regulations, specifcally leading GHG emissions software-as-a-service (SaaS) and platform-as-a-service (PaaS) stocks.</li>
</ul>


Notwithstanding bright spots and positive long-term outlook, the ESG gold rush has created an acute state of chaos. Regulatory flux. Rampant greenwashing. ESG litigation. Elon and S&amp;P.
The silver lining? New ESG-related investing opportunities emerging from all the chaos; stocks poised to benefit, regardless of who else wins or losses. The new shovel-sellers, as it were.
One large opportunity is driven by new greenhouse gas (GHG) reporting regulations, specifcally leading GHG emissions software-as-a-service (SaaS) and platform-as-a-service (PaaS) stocks.


Selling Shovels in a Gold Rush: SaaS Stocks Cashing in on Emissions Reporting Rules

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 Capital Markets

Salesforce.Com Inc / Equity Capital Markets

<ul><li>Despite the unprecedented foreign exchange headwinds, Salesforce had a solid quarter and managed to beat Wall Street expectations in terms of both, revenues as well as earnings.</li><li>The company saw strong demand across its clouds, industries, and regions, proving the power of its strategy.</li><li>With great wins like DoorDash and Stellantis, Sales Cloud continues to grow, surpassing $1.6 billion in the quarter and growing 18% year over year.</li></ul>

Despite the unprecedented foreign exchange headwinds, Salesforce had a solid quarter and managed to beat Wall Street expectations in terms of both, revenues as well as earnings.The company saw strong demand across its clouds, industries, and regions, proving the power of its strategy.With great wins like DoorDash and Stellantis, Sales Cloud continues to grow, surpassing $1.6 billion in the quarter and growing 18% year over year.

<ul><li>Like most high-growth tech stocks, Salesforce has also taken a beating as a result of the rising interest rates and other macro-economic factors.</li><li>The management continued its string of new product launches and saw a solid demand for its CRM and other offerings from the customers.</li><li>We give the stock an ‘Outperform’ rating with revision in the target price.</li></ul>

Like most high-growth tech stocks, Salesforce has also taken a beating as a result of the rising interest rates and other macro-economic factors.The management continued its string of new product launches and saw a solid demand for its CRM and other offerings from the customers.We give the stock an ‘Outperform’ rating with revision in the target price.

Salesforce.com Inc.: Financial & Price Forecasts

<ul><li>Both, Oracle and Salesforce have an overlapping business within the CRM space.</li><li>Oracle is considered as a legacy tech player making a mark with its ERP systems whereas Salesforce is more of a specialist CRM player with integrations into multiple ERPs including that of Oracle.</li><li>We also provide the financial forecasts of both companies and carry out a comparative discounted cash flow (DCF) valuation in order to determine which of the two players could generate higher returns in the years to come, based on our estimates.</li></ul>

Both, Oracle and Salesforce have an overlapping business within the CRM space.Oracle is considered as a legacy tech player making a mark with its ERP systems whereas Salesforce is more of a specialist CRM player with integrations into multiple ERPs including that of Oracle.We also provide the financial forecasts of both companies and carry out a comparative discounted cash flow (DCF) valuation in order to determine which of the two players could generate higher returns in the years to come, based on our estimates.

Oracle vs. Salesforce - Which Cloud Stock Is More Financially Sound? 02/22

TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

Equity Bottom-Up

<ul>
<li>Braze is a next gen digital marketing platform that uses a differentiated streaming architecture to personalize marketing messages across different channels in real time. </li>
<li>Accelerating growth over the past four quarters as existing large customers are growing rapidly. 135% net revenue retention for &gt;$500K customers vs. 125% overall.</li>
<li>Frenemy with Twilio. Relies on Twilio to deliver much of its marketing messages...and Twilio just launched a Braze rival, Twilio Engage</li>
</ul>


Braze is a next gen digital marketing platform that uses a differentiated streaming architecture to personalize marketing messages across different channels in real time. 
Accelerating growth over the past four quarters as existing large customers are growing rapidly. 135% net revenue retention for &gt;$500K customers vs. 125% overall.
Frenemy with Twilio. Relies on Twilio to deliver much of its marketing messages...and Twilio just launched a Braze rival, Twilio Engage


United States

salesforce.com, inc. provides software on demand. The Company supplies a customer relationship management service to businesses worldwide providing a technology platform for customers and developers to build and run business applications. Clients use salesforce.com to manage their customer, sales and operational data.

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Salesforce.Com Inc (CRM US)

Selling Shovels in a Gold Rush: SaaS Stocks Cashing in on Emissions Reporting Rules

ESG investing has been complicated by evolving emissions reporting regulations. With the chaos, comes new investment opportunities. Such as in...

Kyle Rudden

Salesforce.com Inc.: Product Offerings

Despite the unprecedented foreign exchange headwinds, Salesforce had a solid quarter and managed to beat Wall Street expectations in terms of...

Baptista Research

Salesforce.com Inc.: Financial & Price Forecasts

Like most high-growth tech stocks, Salesforce has also taken a beating as a result of the rising interest rates and other macro-economic...

Baptista Research

Oracle vs. Salesforce - Which Cloud Stock Is More Financially Sound? 02/22

Both, Oracle and Salesforce have an overlapping business within the CRM space. Oracle is considered as a legacy tech player making a mark with its...

Baptista Research

Recent IPO Insights: Braze

Braze is a next gen digital marketing platform with accelerating growth as existing large customers are growing rapidly. 135% net revenue retention...

Aaron Gabin

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