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

British American Tobacco / Equity Bottom-Up

<ul><li>During the last quarter, BAT showed a decent performance with growing revenue, profit, and earnings per share.</li><li>The focus on New Categories has been successful, with revenue from non-combustibles increasing significantly.</li><li>By prioritizing sharper execution and responsible New Category development, BAT aims to navigate regulatory challenges.</li></ul>

During the last quarter, BAT showed a decent performance with growing revenue, profit, and earnings per share.The focus on New Categories has been successful, with revenue from non-combustibles increasing significantly.By prioritizing sharper execution and responsible New Category development, BAT aims to navigate regulatory challenges.

British American Tobacco PLC ADR: Major Drivers

<ul><li>British American Tobacco delivered decent financial results and successfully navigated a progressively challenging macro environment.</li><li>In New Categories, the company delivered strong revenue growth driven by Geo expansion, innovation, and share growth.</li><li>British American Tobacco launched the first connected Vapour device of the Group, Vuse ePod2 plus, that drives increased pod consumption.</li></ul>

British American Tobacco delivered decent financial results and successfully navigated a progressively challenging macro environment.In New Categories, the company delivered strong revenue growth driven by Geo expansion, innovation, and share growth.British American Tobacco launched the first connected Vapour device of the Group, Vuse ePod2 plus, that drives increased pod consumption.

British American Tobacco: New Category Growth

Research Firm with a Qualitative Overlay, Pearl Gray Equity and Research

Pearl Gray Equity and Research

Research Firm with a Qualitative Overlay

Quantitative fund & research firm with a qualitative overlay. 

Our coverage: General U.S. with a skew towards the primary sector. 

Methods: Smart Beta/Factor Pricing, Neural Networks, Street Gossip, and Common Sense.

<ul>
<li>British American Tobacco's stock could reach $45 per share.</li>
<li>The firm's dividend policy means a dividend yield of 6%+ is likely to sustain.</li>
<li>The organization's non-combustible products segment is skyrocketing and makes up approximately 15% of the company's revenue mix, consequently providing valuable economies of scope.</li>
</ul>


British American Tobacco's stock could reach $45 per share.
The firm's dividend policy means a dividend yield of 6%+ is likely to sustain.
The organization's non-combustible products segment is skyrocketing and makes up approximately 15% of the company's revenue mix, consequently providing valuable economies of scope.


British American Tobacco: Attractive Return Potential, 6%+ Yield Likely To Sustain

<ul><li>This is our first report on global tobacco major, British American Tobacco.</li><li>British American Tobacco is known for its dividend and yield and also for regular buybacks.</li><li>With British American Tobacco’s innovative Glo platform hyper X2, it has improved all key aspects of the company’s successful model Glo Hyper significantly.</li></ul>

This is our first report on global tobacco major, British American Tobacco.British American Tobacco is known for its dividend and yield and also for regular buybacks.With British American Tobacco’s innovative Glo platform hyper X2, it has improved all key aspects of the company’s successful model Glo Hyper significantly.

British American Tobacco ADR: Initiation of Coverage – Financial Forecasts

<ul>
<li>British American Tobacco could prosper due to its tobacco market dominance and its growth in non-combustible products.</li>
<li>The first scenario is a modest year-over-year return of 12.62%.</li>
<li>This is based on a three-factor regression model, which exhibits statistical significance.</li>
</ul>


British American Tobacco could prosper due to its tobacco market dominance and its growth in non-combustible products.
The first scenario is a modest year-over-year return of 12.62%.
This is based on a three-factor regression model, which exhibits statistical significance.


British American Tobacco: Our Top July Pick

United Kingdom

British American Tobacco is a multinational consumer goods company that manufactures and sells tobacco and nicotine products, including cigarettes, vapour products, heated tobacco, and modern oral products like nicotine pouches. The company offers brands such as Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vuse, glo, and Velo. It was founded in 1902 and is headquartered in London, United Kingdom.

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British American Tobacco (BTI US)

British American Tobacco PLC ADR: Major Drivers

During the last quarter, BAT showed a decent performance with growing revenue, profit, and earnings per share. The focus on New Categories has...

Baptista Research

British American Tobacco: New Category Growth

British American Tobacco delivered decent financial results and successfully navigated a progressively challenging macro environment. In New...

Baptista Research

British American Tobacco: Attractive Return Potential, 6%+ Yield Likely To Sustain

British American Tobacco's stock could reach $45 per share. The firm's dividend policy means a dividend yield of 6%+ is likely to sustain.

Pearl Gray Equity and Research

British American Tobacco ADR: Initiation of Coverage – Financial Forecasts

This is our first report on global tobacco major, British American Tobacco. British American Tobacco is known for its dividend and yield and also...

Baptista Research

British American Tobacco: Our Top July Pick

British American Tobacco could prosper due to its tobacco market dominance and its growth in non-combustible products. The first scenario is a...

Pearl Gray Equity and Research

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