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>Autodesk, Inc. concluded its second quarter of Fiscal Year 2025 with robust results, characterized by a 13% revenue growth in constant currency, which has led to an upward revision of the full-year guidance.</li><li>This reflects not only the success of the recent launch of their new transaction model in North America but also anticipates a similar introduction in Western Europe come September.</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>

Autodesk, Inc. concluded its second quarter of Fiscal Year 2025 with robust results, characterized by a 13% revenue growth in constant currency, which has led to an upward revision of the full-year guidance.This reflects not only the success of the recent launch of their new transaction model in North America but also anticipates a similar introduction in Western Europe come September.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.

Autodesk Inc.: Expansion into Digital Transformation Solutions & Use Of AI-ML To Drive Growth! - Major Drivers

<ul><li>Autodesk, a leading design software and services company, had a robust financial performance for the Fourth Quarter and Full Year Fiscal 2024.</li><li>The company reported a 14% constant currency revenue growth for the fourth quarter and emphasized its subscription business model and product and customer diversification as the foundations of its resilience.</li><li>Autodesk's earnings call highlighted marked growth and strong renewal rates in new business.</li></ul>

Autodesk, a leading design software and services company, had a robust financial performance for the Fourth Quarter and Full Year Fiscal 2024.The company reported a 14% constant currency revenue growth for the fourth quarter and emphasized its subscription business model and product and customer diversification as the foundations of its resilience.Autodesk's earnings call highlighted marked growth and strong renewal rates in new business.

Autodesk Inc.: The Recent Acquisitions Of Wonder Dynamics & Payapps Enhancing Their Value Proposition? - Major Drivers

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 15th Feb, <a href="https://www.smartkarma.com/entities/renesas-electronics-corp" target="_blank" data-smartkarma-citation="entities:15933:1" rel="noopener">Renesas Electronics (6723 JP)</a>, a supplier of advanced semiconductors, entered into a Scheme with <a href="https://www.smartkarma.com/entities/altium-ltd" target="_blank" data-smartkarma-citation="entities:18626:1" rel="noopener">Altium Ltd (ALU AU)</a>.</li>
<li>Altium shareholders are being offered A$68.50/share, in cash, a lifetime high.</li>
<li>
The<a href="https://announcements.asx.com.au/asxpdf/20240606/pdf/064bn0c8xglrkk.pdf" target="_blank" rel="noopener"> Scheme Booklet</a> is now out, with a Scheme Meeting to be held on the 12th July. Expected implementation on the 1 August. The IE says fair &amp; reasonable.</li>
</ul>


Back on the 15th Feb, Renesas Electronics (6723 JP), a supplier of advanced semiconductors, entered into a Scheme with Altium Ltd (ALU AU).
Altium shareholders are being offered A$68.50/share, in cash, a lifetime high.

The Scheme Booklet is now out, with a Scheme Meeting to be held on the 12th July. Expected implementation on the 1 August. The IE says fair &amp; reasonable.


Altium (ALU AU)'s 12th July Scheme Vote. Renesas' Done Deal

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

<ul>
<li>The <a href="https://www.smartkarma.com/entities/altium-ltd" target="_blank" data-smartkarma-citation="entities:18626:1" rel="noopener">Altium Ltd (ALU AU)</a> IE considers <a href="https://www.smartkarma.com/entities/renesas-electronics-corp" target="_blank" data-smartkarma-citation="entities:15933:1" rel="noopener">Renesas Electronics (6723 JP)</a>’ A$68.50 scheme offer fair and reasonable as it is above the midpoint of the A$62.37 to A$70.27 valuation range. </li>
<li>The offer is conditional on remaining regulatory approvals (FIRB, CFIUS) and shareholder approval. </li>
<li>The offer price is attractive and 31% above the all-time high. At the last close and for the 1 August payment, the gross/annualised spread was 1.7%/11.6%.</li>
</ul>


The Altium Ltd (ALU AU) IE considers Renesas Electronics (6723 JP)’ A$68.50 scheme offer fair and reasonable as it is above the midpoint of the A$62.37 to A$70.27 valuation range. 
The offer is conditional on remaining regulatory approvals (FIRB, CFIUS) and shareholder approval. 
The offer price is attractive and 31% above the all-time high. At the last close and for the 1 August payment, the gross/annualised spread was 1.7%/11.6%.


<ul><li>Autodesk demonstrated strong performance in the fourth quarter and full year results of fiscal 2024 with 14% constant currency revenue growth in Q4.</li><li>The report reflects Autodesk's resilience and discipline manifested through its subscription business model, product diversification, and robust customer base.</li><li>The company’s diversified consumer base spans various regions and industries, enabling balanced growth.</li></ul>

Autodesk demonstrated strong performance in the fourth quarter and full year results of fiscal 2024 with 14% constant currency revenue growth in Q4.The report reflects Autodesk's resilience and discipline manifested through its subscription business model, product diversification, and robust customer base.The company’s diversified consumer base spans various regions and industries, enabling balanced growth.

Autodesk Inc.: Implementation of The New Transactional Model A Potential Game Changer? - Key Drivers

United States

Autodesk, Inc. supplies PC software and multimedia tools. The Company's two-dimensional and three-dimensional products are used across industries and in the home for architectural design, mechanical design, geographic information systems and mapping, and visualization applications. Autodesk's software products are sold worldwide through a network of dealers and distributors.

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Autodesk Inc (ADSK US)

Autodesk Inc.: Expansion into Digital Transformation Solutions & Use Of AI-ML To Drive Growth! - Major Drivers

Autodesk, Inc. concluded its second quarter of Fiscal Year 2025 with robust results, characterized by a 13% revenue growth in constant currency,...

Baptista Research

Autodesk Inc.: The Recent Acquisitions Of Wonder Dynamics & Payapps Enhancing Their Value Proposition? - Major Drivers

Autodesk, a leading design software and services company, had a robust financial performance for the Fourth Quarter and Full Year Fiscal 2024. The...

Baptista Research

Altium (ALU AU)'s 12th July Scheme Vote. Renesas' Done Deal

Trading at a gross/annualised spread of 1.7%/11.8%. IF YOU ARE AN ARBITRAGEUR, get involved here and on any material dips. IF YOU ARE A LO...

David Blennerhassett

Altium (ALU AU): Scheme Vote on 12 July

The offer price is attractive and 31% above the all-time high. At the last close and for the 1 August payment, the gross/annualised spread was 1.7%...

Arun George

Autodesk Inc.: Implementation of The New Transactional Model A Potential Game Changer? - Key Drivers

Autodesk demonstrated strong performance in the fourth quarter and full year results of fiscal 2024 with 14% constant currency revenue growth in...

Baptista Research

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