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

<ul><li>The latest earnings report from Waste Management, Inc. (WM) highlights a period of substantial operational and financial performance improvements in 2024.</li><li>The company has focused on a combination of top-line growth strategies and diligent cost management which positioned it well in its markets.</li><li>Notably, there was a marked increase in operating EBITDA by more than 10% within its legacy business, achieving a 30% operating EBITDA margin — the highest in its history.</li></ul>

The latest earnings report from Waste Management, Inc. (WM) highlights a period of substantial operational and financial performance improvements in 2024.The company has focused on a combination of top-line growth strategies and diligent cost management which positioned it well in its markets.Notably, there was a marked increase in operating EBITDA by more than 10% within its legacy business, achieving a 30% operating EBITDA margin — the highest in its history.

Waste Management: An Insight Into Its Healthcare Solutions

<ul><li>Waste Management, Inc. (WM) reported robust operational and financial performance in its third quarter of 2024, driven by strategic initiatives in cost optimization, disciplined pricing, and ongoing sustainability investments.</li><li>The company's operating EBITDA demonstrated double-digit growth, with a record margin of 30.5%, marking a year over-year increase of 90 basis points, positioning it well to meet its projected full-year target of approximately $6.5 billion in operating EBITDA.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Waste Management, Inc. (WM) reported robust operational and financial performance in its third quarter of 2024, driven by strategic initiatives in cost optimization, disciplined pricing, and ongoing sustainability investments.The company's operating EBITDA demonstrated double-digit growth, with a record margin of 30.5%, marking a year over-year increase of 90 basis points, positioning it well to meet its projected full-year target of approximately $6.5 billion in operating EBITDA.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Waste Management: Operational Efficiency & Cost Optimization As A Strategic Growth Enabler! - Major Drivers

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Bangkok Dusit Medical Services / Equity Bottom-Up

<ul><li>Technically, the SET Index is expected to move sideways up, with the resistance at 1,470 points (10-day EMA) and 1,478 points and the support at 1,456 points (25-day EMA) and 1,450 points.</li><li>We remain cautious of the risk of continued foreign fund outflows, as indicated by the KTX USD/THB Carry Trade, which suggests that although the baht has depreciated by 4.2% MTD, it still has potential to weaken further, possibly returning to its normal range at Bt34.60/USD.</li><li>This implies that the Thai stock market index is nearing a level where investors may return to do trading buy.</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,470 points (10-day EMA) and 1,478 points and the support at 1,456 points (25-day EMA) and 1,450 points.We remain cautious of the risk of continued foreign fund outflows, as indicated by the KTX USD/THB Carry Trade, which suggests that although the baht has depreciated by 4.2% MTD, it still has potential to weaken further, possibly returning to its normal range at Bt34.60/USD.This implies that the Thai stock market index is nearing a level where investors may return to do trading buy.

<ul><li>WM presented its financial outcomes for the second quarter of 2024, underscoring a period of significant operational strength and strategic alignment towards its long-term growth objectives.</li><li>WM reported a historical high with a 30% operating EBITDA margin, driven by efficiencies from technological investments and a robust pricing strategy.</li><li>The company's commitment to leveraging its expertise across various platforms was evident, particularly with its planned acquisition of Stericycle, which is expected to complement and expand its service offerings in the medical waste industry.</li></ul>

WM presented its financial outcomes for the second quarter of 2024, underscoring a period of significant operational strength and strategic alignment towards its long-term growth objectives.WM reported a historical high with a 30% operating EBITDA margin, driven by efficiencies from technological investments and a robust pricing strategy.The company's commitment to leveraging its expertise across various platforms was evident, particularly with its planned acquisition of Stericycle, which is expected to complement and expand its service offerings in the medical waste industry.

Waste Management: What Is Their Strategy For  Acquisitions & Market Expansion? - Major Drivers

<ul><li>Waste Management, Inc. has successfully delivered a strong end to 2023, with a 15% increase in fourth quarter operating EBITDA. This has resulted in full year operating EBITDA exceeding the company's most recent guidance range by Waste Management Inc. (WM) witnessed robust financial performance for Q1 2024, underscored by outstanding operational performance in the collection and disposal business.</li><li>Operating EBITDA witnessed a growth of 15% for this quarter, with margins expanding by 240 basis points.</li><li>This was propelled primarily by significant momentum in cost-effective efforts and disciplined execution of pricing programs.</li></ul>

Waste Management, Inc. has successfully delivered a strong end to 2023, with a 15% increase in fourth quarter operating EBITDA. This has resulted in full year operating EBITDA exceeding the company's most recent guidance range by Waste Management Inc. (WM) witnessed robust financial performance for Q1 2024, underscored by outstanding operational performance in the collection and disposal business.Operating EBITDA witnessed a growth of 15% for this quarter, with margins expanding by 240 basis points.This was propelled primarily by significant momentum in cost-effective efforts and disciplined execution of pricing programs.

Waste Management Inc.: A Competitive Edge Through Exclusive Landfill Assets & 5 Key Growth Drivers

United States

Waste Management, Inc. provides waste management services including collection, transfer, recycling, resource recovery and disposal services, and operates waste-to-energy facilities.  The Company serves municipal, commercial, industrial, and residential customers throughout North America.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Waste Management (WM US)

Waste Management: An Insight Into Its Healthcare Solutions

The latest earnings report from Waste Management, Inc. (WM) highlights a period of substantial operational and financial performance improvements...

Baptista Research

Waste Management: Operational Efficiency & Cost Optimization As A Strategic Growth Enabler! - Major Drivers

Waste Management, Inc. (WM) reported robust operational and financial performance in its third quarter of 2024, driven by strategic initiatives in...

Baptista Research

Weekly Strategy & 3Q24 Earnings Results

Technically, the SET Index is expected to move sideways up, with the resistance at 1,470 points (10-day EMA) and 1,478 points and the support at...

Krungthai XSpring

Waste Management: What Is Their Strategy For Acquisitions & Market Expansion? - Major Drivers

WM presented its financial outcomes for the second quarter of 2024, underscoring a period of significant operational strength and strategic...

Baptista Research

Waste Management Inc.: A Competitive Edge Through Exclusive Landfill Assets & 5 Key Growth Drivers

Waste Management, Inc. has successfully delivered a strong end to 2023, with a 15% increase in fourth quarter operating EBITDA. This has resulted...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)