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 Capital Markets

<ul><li>Broadcom delivered a strong financial result in the quarter, with demand continuing to be stronger.</li><li>The server storage connectivity revenue as well as the service storage expenditure in enterprises was robust.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

Broadcom delivered a strong financial result in the quarter, with demand continuing to be stronger.The server storage connectivity revenue as well as the service storage expenditure in enterprises was robust.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Broadcom Inc.: The VMware Acquisition & Other Drivers

TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

Equity Bottom-Up

<ul>
<li>61% revenue growth, 17% operating margins (up 720bps YoY) and 32% FCF margins. Best in class growth + profitability.</li>
<li>ECommerce engine opening up from 4 modules to 12 means higher velocity sales on the come.</li>
<li>VMWare's Carbon Black will become a major share donator due to Broadcom acquisition.</li>
</ul>


61% revenue growth, 17% operating margins (up 720bps YoY) and 32% FCF margins. Best in class growth + profitability.
ECommerce engine opening up from 4 modules to 12 means higher velocity sales on the come.
VMWare's Carbon Black will become a major share donator due to Broadcom acquisition.


Crowdstrike FY1Q23: Share Gains Will Lead to Share Gains

Credit

<ul><li>Like most players in the semiconductors industry, Broadcom also had a fairly good 2021.</li><li>Server storage has been a star performer for Broadcom with a 32% growth in the year.</li><li>This was determined by the continuing recovery of enterprise IT spending, a maximum of which was deployed towards upgrading computer servers.</li></ul>

Like most players in the semiconductors industry, Broadcom also had a fairly good 2021.Server storage has been a star performer for Broadcom with a 32% growth in the year.This was determined by the continuing recovery of enterprise IT spending, a maximum of which was deployed towards upgrading computer servers.

Broadcom Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

<ul><li>Broadcom delivered another solid result with a top-line growth of 16%.</li><li>The company’s core software business remained steady, and the wireless grew single digits.</li><li>Furthermore, the 5G backhaul has resulted in operators all over the world continuing to drive strong growth in Broadcom's Qumran family of products.</li></ul>

Broadcom delivered another solid result with a top-line growth of 16%.The company’s core software business remained steady, and the wireless grew single digits.Furthermore, the 5G backhaul has resulted in operators all over the world continuing to drive strong growth in Broadcom's Qumran family of products.

Broadcom Inc.: Financial & Price Forecasts

Semiconductors, Memory and SSDs Specialist, Objective Analysis

Jim Handy

Semiconductors, Memory and SSDs Specialist

Objective Analysis

Objective Analysis offers third-party independent market research and data for the semiconductor industry and investors in the semiconductor industry.

Semiconductors, Memory and SSDs

Thematic (Sector/Industry)

<ul>
<li>The SIA commented today on the impact to US semiconductor makers of sanctions against Russia</li>
<li>Russia accounts for negligible consumption of technology products, so embargos should not materially impact chip sales</li>
<li>The SIA believes that there are sufficient alternate sources of supply that the absence of Russian raw materials should not pose an immediate risk</li>
</ul>


The SIA commented today on the impact to US semiconductor makers of sanctions against Russia
Russia accounts for negligible consumption of technology products, so embargos should not materially impact chip sales
The SIA believes that there are sufficient alternate sources of supply that the absence of Russian raw materials should not pose an immediate risk


United States

Broadcom Inc. designs, develops, and supplies semiconductor and infrastructure software solutions. The Company offers storage adapters, controllers, networking processors, motion control encoders, and optical sensors, as well as infrastructure and security software to modernize, optimize, and secure the most complex hybrid environments. Broadcom serves customers worldwide.

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Broadcom (AVGO US)

Broadcom Inc.: The VMware Acquisition & Other Drivers

Broadcom delivered a strong financial result in the quarter, with demand continuing to be stronger. The server storage connectivity revenue as...

Baptista Research

Broadcom Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Like most players in the semiconductors industry, Broadcom also had a fairly good 2021. Server storage has been a star performer for Broadcom with...

Baptista Research

Broadcom Inc.: Financial & Price Forecasts

Broadcom delivered another solid result with a top-line growth of 16%. The company’s core software business remained steady, and the wireless grew...

Baptista Research

Ukraine Invasion's Semiconductor Impact

How will the chip market be impacted by sanctions against Russia? The SIA expects a negligible demand decrease and no short-term impact tot he...

Jim Handy

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Broadcom Inc.: The VMware Acquisition & Other Drivers

Broadcom delivered a strong financial result in the quarter, with demand continuing to be stronger. The server storage connectivity revenue as...

Baptista Research

Crowdstrike FY1Q23: Share Gains Will Lead to Share Gains

Another superb quarter for CRWD: 61% revenue growth, 17% operating margins (up 720bps YoY!) and 32% FCF margins. Rival Carbon Black's acquisition...

Aaron Gabin

Broadcom Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Like most players in the semiconductors industry, Broadcom also had a fairly good 2021. Server storage has been a star performer for Broadcom with...

Baptista Research

Broadcom Inc.: Financial & Price Forecasts

Broadcom delivered another solid result with a top-line growth of 16%. The company’s core software business remained steady, and the wireless grew...

Baptista Research

Ukraine Invasion's Semiconductor Impact

How will the chip market be impacted by sanctions against Russia? The SIA expects a negligible demand decrease and no short-term impact tot he...

Jim Handy