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>AutoZone's Q2 2024 earnings were decent and the company reported an increase in total sales by 4.6%, and same-store sales by 1.5% on a constant currency basis.</li><li>The management is banking on strong international growth prospects for the short and long terms and has plans to accelerate new store openings over the coming years.</li><li>Operating profit and earnings per share grew by double-digit rates, a continuation of the strong performance seen in recent years.</li></ul>

AutoZone's Q2 2024 earnings were decent and the company reported an increase in total sales by 4.6%, and same-store sales by 1.5% on a constant currency basis.The management is banking on strong international growth prospects for the short and long terms and has plans to accelerate new store openings over the coming years.Operating profit and earnings per share grew by double-digit rates, a continuation of the strong performance seen in recent years.

AutoZone Inc.: 6 Pivotal Factors That Are Shaping Its Growth Journey! - Major Drivers

<ul><li>AutoZone managed to surpass the revenue expectations as well as the earnings expectations of Wall Street, leading to a commendable performance.</li><li>Building on the exceptional performance during the pandemic years of 2020 to 2023, the leadership team is impressed with the post-pandemic sales performance.</li><li>While acknowledging dissatisfaction with sales performance, AutoZone reports encouraging trends, including dollar and unit share gains in domestic retail and commercial businesses.</li></ul>

AutoZone managed to surpass the revenue expectations as well as the earnings expectations of Wall Street, leading to a commendable performance.Building on the exceptional performance during the pandemic years of 2020 to 2023, the leadership team is impressed with the post-pandemic sales performance.While acknowledging dissatisfaction with sales performance, AutoZone reports encouraging trends, including dollar and unit share gains in domestic retail and commercial businesses.

AutoZone Inc.: From Pandemic Woes to Market Dominance – The Inside Story of Their Success - Major Drivers

<ul><li>AutoZone delivered an all-around beat in the most recent quarterly result.</li><li>The company achieved a total sales growth of 7.4% for the fiscal year, accompanied by a 12.9% increase in earnings per share.</li><li>Additionally, the company has introduced new reporting metrics to provide enhanced visibility, including same-store sales results for domestic, international, and total company operations.</li></ul>

AutoZone delivered an all-around beat in the most recent quarterly result.The company achieved a total sales growth of 7.4% for the fiscal year, accompanied by a 12.9% increase in earnings per share.Additionally, the company has introduced new reporting metrics to provide enhanced visibility, including same-store sales results for domestic, international, and total company operations.

AutoZone Inc.: Discover the Profit Engines Driving Growth! - Major Drivers

Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<div><div><div><div><ul style="list-style-type: disc;"><li><p>Monthly report on restaurant and retail companies. At Water Tower Research, we are introducing a new monthly report to focus exclusively on the Restaurant and Retail Industries.</p></li><li><p>Our report will focus on stock performance, short interest, an outlook for restaurant commodity costs, interesting themes, and company interviews.</p></li><li><p>In this note, we interviewed Gary Schnierow, Vice-President of Investor Relations, and Corporate Finance for Build-A-Bear Workshop, Inc. (NASDAQ: BBW). </p></li></ul></div></div></div></div>

Monthly report on restaurant and retail companies. At Water Tower Research, we are introducing a new monthly report to focus exclusively on the Restaurant and Retail Industries.Our report will focus on stock performance, short interest, an outlook for restaurant commodity costs, interesting themes, and company interviews.In this note, we interviewed Gary Schnierow, Vice-President of Investor Relations, and Corporate Finance for Build-A-Bear Workshop, Inc. (NASDAQ: BBW). 

Restaurant & Retail Roundup - Interview with Build-A-Bear Workshop (BBW)

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.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/tuhu-car" target="_blank" data-smartkarma-citation="entities:36012:1" rel="noopener">Tuhu Car (2007986D HK)</a>, a leading integrated online and offline platform for automotive service in China, has launched its HKEx IPO at a price range of HK$28.00-31.00 per share.</li>
<li>In <strong><em><a href="https://www.smartkarma.com/insights/tuhu-car-ipo-the-investment-case" target="_blank" data-smartkarma-citation="insights:112644" rel="noopener">TUHU Car IPO: The Investment Case</a></em></strong>, we highlighted the key elements of the investment case. In this note, we present our forecasts and discuss valuation.</li>
<li>Our valuation analysis suggests that Tuhu is reasonably priced at the IPO price range. We would participate in the IPO. </li>
</ul>



Tuhu Car (2007986D HK), a leading integrated online and offline platform for automotive service in China, has launched its HKEx IPO at a price range of HK$28.00-31.00 per share.
In TUHU Car IPO: The Investment Case, we highlighted the key elements of the investment case. In this note, we present our forecasts and discuss valuation.
Our valuation analysis suggests that Tuhu is reasonably priced at the IPO price range. We would participate in the IPO. 


United States

AutoZone, Inc. is a specialty retailer of automotive replacement parts and accessories. The Company offers an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products.  Autozone operates in United States and Puerto Rico, and Mexico.

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Autozone Inc (AZO US)

AutoZone Inc.: 6 Pivotal Factors That Are Shaping Its Growth Journey! - Major Drivers

AutoZone's Q2 2024 earnings were decent and the company reported an increase in total sales by 4.6%, and same-store sales by 1.5% on a constant...

Baptista Research

AutoZone Inc.: From Pandemic Woes to Market Dominance – The Inside Story of Their Success - Major Drivers

AutoZone managed to surpass the revenue expectations as well as the earnings expectations of Wall Street, leading to a commendable...

Baptista Research

AutoZone Inc.: Discover the Profit Engines Driving Growth! - Major Drivers

AutoZone delivered an all-around beat in the most recent quarterly result. The company achieved a total sales growth of 7.4% for the fiscal year,...

Baptista Research

Restaurant & Retail Roundup - Interview with Build-A-Bear Workshop (BBW)

Monthly report on restaurant and retail companies. At Water Tower Research, we are introducing a new monthly report to focus exclusively on the...

Water Tower Research

TUHU Car IPO: Valuation Insights

Tuhu has launched its HKEx IPO at a price range of HK$28.00-31.00 per share. Our valuation analysis suggests that Tuhu is reasonably priced at the...

Arun George

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