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

American Water Works Co / Equity Bottom-Up

<ul><li>American Water reported solid financial results for the second quarter of 2025, highlighting a positive trajectory in earnings and business operations.</li><li>The company's earnings per share (EPS) for the quarter were $1.48, an increase from $1.42 in the same period last year.</li><li>For the first half of the year, EPS grew to $2.53 compared to $2.37 in 2024.</li></ul>

American Water reported solid financial results for the second quarter of 2025, highlighting a positive trajectory in earnings and business operations.The company's earnings per share (EPS) for the quarter were $1.48, an increase from $1.42 in the same period last year.For the first half of the year, EPS grew to $2.53 compared to $2.37 in 2024.

American Water Shocks Investors With Aggressive Multi-State Growth Strategy!

<ul><li>American Water Works Company, Inc. reported an earnings per share (EPS) of $1.48 for the second quarter of 2025, an increase from $1.42 in the same quarter of the previous year.</li><li>For the first half of 2025, EPS reached $2.53 compared to $2.37 in the first half of 2024.</li><li>This growth has led the company to narrow its 2025 EPS guidance range to $5.70 to $5.75, suggesting strong business performance and anticipating a continuation of this trend into the remainder of the year.</li></ul>

American Water Works Company, Inc. reported an earnings per share (EPS) of $1.48 for the second quarter of 2025, an increase from $1.42 in the same quarter of the previous year.For the first half of 2025, EPS reached $2.53 compared to $2.37 in the first half of 2024.This growth has led the company to narrow its 2025 EPS guidance range to $5.70 to $5.75, suggesting strong business performance and anticipating a continuation of this trend into the remainder of the year.

American Water Works Masterplan: How Regulatory Wins

<ul><li>American Water's recent conference call focused on several key aspects of their financial and operational performance during 2024, as well as future outlooks.</li><li>Delivered earnings per share (EPS) for the year stood at $5.39, reflecting an 8% growth owing to favorable weather conditions and strategic investments.</li><li>Notably, $3 billion was invested into capital initiatives, while regulatory efforts resulted in successful rate case agreements across multiple jurisdictions.</li></ul>

American Water's recent conference call focused on several key aspects of their financial and operational performance during 2024, as well as future outlooks.Delivered earnings per share (EPS) for the year stood at $5.39, reflecting an 8% growth owing to favorable weather conditions and strategic investments.Notably, $3 billion was invested into capital initiatives, while regulatory efforts resulted in successful rate case agreements across multiple jurisdictions.

American Water Works: Infrastructure Investment & Rate Base Growth to Sustain The Growth Trajectory!

Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

<ul>
<li>
<a href="https://www.smartkarma.com/entities/guangdong-investment-ltd" target="_blank" data-smartkarma-citation="entities:12109:1" rel="noopener">Guangdong Investment (270 HK)</a> exposure in water distribution provides the much-needed stability (low volatility). While its Real Estate exposure could provide some growth.</li>
<li>With low valuation and healthy dividend yield, owning GDI during the tumultuous period will provide healthy diversification for your portfolio and a hedge during Trump' tariff period.</li>
<li>The water sector is undervalued, mainly due to the characteristically low growth, but free cash flow is generally quite strong yet undervalued. GDI generated USD 1.3 bn Free cash flow.</li>
</ul>



Guangdong Investment (270 HK) exposure in water distribution provides the much-needed stability (low volatility). While its Real Estate exposure could provide some growth.
With low valuation and healthy dividend yield, owning GDI during the tumultuous period will provide healthy diversification for your portfolio and a hedge during Trump' tariff period.
The water sector is undervalued, mainly due to the characteristically low growth, but free cash flow is generally quite strong yet undervalued. GDI generated USD 1.3 bn Free cash flow.


Guangdong Investment (270): Stable Diversifier and USD 1.3 Bn FCF

<ul><li>American Water's Second Quarter 2024 Earnings Conference Call highlighted a mixed financial performance with several strategic progresses and challenges.</li><li>The company reported a slight decrease in quarterly earnings per share from $1.44 in the previous year to $1.42, maintaining steady performance year-on-year with earnings at $2.37 per share for both the first half of 2024 and 2023.</li><li>Despite this slight dip, the company raised its 2024 earnings per share guidance to $5.25 - $5.30 from the previous range of $5.20 - $5.30, attributing this adjustment to less significant customer usage declines than anticipated.</li></ul>

American Water's Second Quarter 2024 Earnings Conference Call highlighted a mixed financial performance with several strategic progresses and challenges.The company reported a slight decrease in quarterly earnings per share from $1.44 in the previous year to $1.42, maintaining steady performance year-on-year with earnings at $2.37 per share for both the first half of 2024 and 2023.Despite this slight dip, the company raised its 2024 earnings per share guidance to $5.25 - $5.30 from the previous range of $5.20 - $5.30, attributing this adjustment to less significant customer usage declines than anticipated.

American Water Works Company: A Bear's Perspective! - Major Drivers

United States

American Water Works Co., Inc. provides drinking water, wastewater and other water-related services in multiple states and Ontario, Canada. The Company's primary business involves the ownership of regulated water and wastewater utilities that provide water and wastewater services to residential, commercial and industrial customers.

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American Water Works Co (AWK US)

American Water Shocks Investors With Aggressive Multi-State Growth Strategy!

American Water reported solid financial results for the second quarter of 2025, highlighting a positive trajectory in earnings and business...

Baptista Research

American Water Works Masterplan: How Regulatory Wins

American Water Works Company, Inc. reported an earnings per share (EPS) of $1.48 for the second quarter of 2025, an increase from $1.42 in the...

Baptista Research

American Water Works: Infrastructure Investment & Rate Base Growth to Sustain The Growth Trajectory!

American Water's recent conference call focused on several key aspects of their financial and operational performance during 2024, as well as...

Baptista Research

Guangdong Investment (270): Stable Diversifier and USD 1.3 Bn FCF

Guangdong Investment (270 HK) offers stability through water distribution and potential growth in real estate, with low valuation and healthy...

Henry Soediarko

American Water Works Company: A Bear's Perspective! - Major Drivers

American Water's Second Quarter 2024 Earnings Conference Call highlighted a mixed financial performance with several strategic progresses and...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

American Water Shocks Investors With Aggressive Multi-State Growth Strategy!

American Water reported solid financial results for the second quarter of 2025, highlighting a positive trajectory in earnings and business...

Baptista Research

American Water Works Masterplan: How Regulatory Wins

American Water Works Company, Inc. reported an earnings per share (EPS) of $1.48 for the second quarter of 2025, an increase from $1.42 in the...

Baptista Research

American Water Works: Infrastructure Investment & Rate Base Growth to Sustain The Growth Trajectory!

American Water's recent conference call focused on several key aspects of their financial and operational performance during 2024, as well as...

Baptista Research

Guangdong Investment (270): Stable Diversifier and USD 1.3 Bn FCF

​Guangdong Investment (270 HK) offers stability through water distribution and potential growth in real estate, with low valuation and healthy...

Henry Soediarko

American Water Works Company: A Bear's Perspective! - Major Drivers

American Water's Second Quarter 2024 Earnings Conference Call highlighted a mixed financial performance with several strategic progresses and...

Baptista Research

Guangdong Investment (270 HK) offers stability through water distribution and potential growth in real estate, with low valuation and healthy...