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>BorgWarner's third-quarter results for 2025 reveal a mixed performance, characterized by both encouraging indicators and some ongoing challenges.</li><li>The company's organic sales growth of just over 2% indicates resilience despite external pressures, including downtime at a major European customer due to a cyber-related issue, which slightly dampened performance.</li><li>Excluding declines in the Commercial Vehicle (CV) battery and Charging Systems segment, organic sales grew approximately 4% year-over-year.</li></ul>

BorgWarner's third-quarter results for 2025 reveal a mixed performance, characterized by both encouraging indicators and some ongoing challenges.The company's organic sales growth of just over 2% indicates resilience despite external pressures, including downtime at a major European customer due to a cyber-related issue, which slightly dampened performance.Excluding declines in the Commercial Vehicle (CV) battery and Charging Systems segment, organic sales grew approximately 4% year-over-year.

BorgWarner’s Growth Engine Is Revving—But Can It Sustain Momentum Amid Industry Shifts?

<ul><li>BorgWarner, a leading provider of powertrain solutions, recently discussed its second-quarter 2025 performance, revealing a balanced set of achievements and challenges.</li><li>On the positive side, the company's light vehicle eProduct sales rose by an impressive 31%, significantly outpacing the high-teens increase in global hybrid and battery electric vehicle (BEV) production during the quarter.</li><li>Despite a year-over-year organic sales stagnation, excluding the declining commercial vehicle battery and charging systems segment, BorgWarner's organic sales experienced modest growth.</li></ul>

BorgWarner, a leading provider of powertrain solutions, recently discussed its second-quarter 2025 performance, revealing a balanced set of achievements and challenges.On the positive side, the company's light vehicle eProduct sales rose by an impressive 31%, significantly outpacing the high-teens increase in global hybrid and battery electric vehicle (BEV) production during the quarter.Despite a year-over-year organic sales stagnation, excluding the declining commercial vehicle battery and charging systems segment, BorgWarner's organic sales experienced modest growth.

BorgWarner: How Is It Leveraging TheHybrid & Advanced Powertrain Growth Opportunities?

<ul><li>BorgWarner's first quarter of 2025 results depict a complex landscape with elements of both opportunity and challenge.</li><li>The company reported over $3.5 billion in sales, which, on an organic basis, remained relatively flat compared to the previous year.</li><li>Despite a 3.6% decline in market production, BorgWarner's sales outgrowth was robust at 3.7%, primarily driven by a notable 47% increase in light vehicle eProduct sales.</li></ul>

BorgWarner's first quarter of 2025 results depict a complex landscape with elements of both opportunity and challenge.The company reported over $3.5 billion in sales, which, on an organic basis, remained relatively flat compared to the previous year.Despite a 3.6% decline in market production, BorgWarner's sales outgrowth was robust at 3.7%, primarily driven by a notable 47% increase in light vehicle eProduct sales.

BorgWarner Looking To Expand Margins with Ruthless Cost Discipline & Operational Precision; What Is The Expected P&L Impact?

<ul><li>BorgWarner's recent earnings revealed both stable financial performance and challenges due to the volatile market backdrop and shifts in the automotive industry.</li><li>The company's 2024 results showed approximately $14 billion in sales, remaining flat compared to the previous year despite a backdrop of a 3% decline in industry production.</li><li>The organic growth of approximately 280 basis points was highlighted as a success, supported by product awards for both foundational and electronic products.</li></ul>

BorgWarner's recent earnings revealed both stable financial performance and challenges due to the volatile market backdrop and shifts in the automotive industry.The company's 2024 results showed approximately $14 billion in sales, remaining flat compared to the previous year despite a backdrop of a 3% decline in industry production.The organic growth of approximately 280 basis points was highlighted as a success, supported by product awards for both foundational and electronic products.

BorgWarner’s EV Revolution: The Shocking Growth Strategy That’s Beating the Industry!

Equity Long-Short Analyst

Pyari Menon

Thematic (Sector/Industry)

<ul>
<li>For this report we datamined autonomous driving technology (ADT) innovations.</li>
<li>Worldwide over the last decade the ADT sector has seen nearly 25% CAGR growth in patent filings, with over 40,000 patent family filings.</li>
<li>
<a href="https://www.smartkarma.com/entities/delphi-automotive-plc" target="_blank" data-smartkarma-citation="entities:20870:1" rel="noopener"><strong>Aptiv PLC (APTV US)</strong></a>, with a leadership position in several areas of ADT, strong financials, reasonable valuations and strategic partnerships stands out.  </li>
</ul>


For this report we datamined autonomous driving technology (ADT) innovations.
Worldwide over the last decade the ADT sector has seen nearly 25% CAGR growth in patent filings, with over 40,000 patent family filings.

Aptiv PLC (APTV US), with a leadership position in several areas of ADT, strong financials, reasonable valuations and strategic partnerships stands out.  


United States

BorgWarner, Inc. supplies engineered systems and components, primarily for automotive powertrain applications. The Company's products are manufactured and sold worldwide, primarily to original equipment manufacturers of passenger cars, sport utility vehicles, and light trucks. BorgWarner operates manufacturing facilities in North America, Europe, and Asia.

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Borgwarner Inc (BWA US)

BorgWarner’s Growth Engine Is Revving—But Can It Sustain Momentum Amid Industry Shifts?

BorgWarner's third-quarter results for 2025 reveal a mixed performance, characterized by both encouraging indicators and some ongoing...

Baptista Research

BorgWarner: How Is It Leveraging TheHybrid & Advanced Powertrain Growth Opportunities?

BorgWarner, a leading provider of powertrain solutions, recently discussed its second-quarter 2025 performance, revealing a balanced set of...

Baptista Research

BorgWarner Looking To Expand Margins with Ruthless Cost Discipline & Operational Precision; What Is The Expected P&L Impact?

BorgWarner's first quarter of 2025 results depict a complex landscape with elements of both opportunity and challenge. The company reported over...

Baptista Research

BorgWarner’s EV Revolution: The Shocking Growth Strategy That’s Beating the Industry!

BorgWarner's recent earnings revealed both stable financial performance and challenges due to the volatile market backdrop and shifts in the...

Baptista Research

Autonomous Driving Leadership Landscape

Autonomous driving tech seeing surge in innovations to make journeys safer, more efficient, and intelligent. Welcome to the future of mobility.

Pyari Menon

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