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>Deere & Company's earnings revealed a company operating well in the midst of an increasingly competitive market landscape, with stable demand across the majority of sectors.</li><li>The firm noted solid execution across the cycle with an 18.5% margin for equipment operations in the first quarter.</li><li>Land sales fell by 4% to $12.658 billion while equipment operations also dropped 8% to $10.486 billion.</li></ul>

Deere & Company's earnings revealed a company operating well in the midst of an increasingly competitive market landscape, with stable demand across the majority of sectors.The firm noted solid execution across the cycle with an 18.5% margin for equipment operations in the first quarter.Land sales fell by 4% to $12.658 billion while equipment operations also dropped 8% to $10.486 billion.

Deere & Co: Expansion In Precision Agriculture & 5 Other Factors Driving Growth In 2024! - Major Drivers

<ul><li>Deere & Co delivered an all-around beat in the previous quarter, with operating margins nearly reaching 22%, resulting in an impressive operating cash flow of nearly $12 billion.</li><li>This success was attributed to robust market demand, effective operational execution, and improved production costs across the various business sectors.</li><li>In small ag and turf, net sales in the fourth quarter were down 13%, totaling $3.094 billion, driven by lower shipment volumes.</li></ul>

Deere & Co delivered an all-around beat in the previous quarter, with operating margins nearly reaching 22%, resulting in an impressive operating cash flow of nearly $12 billion.This success was attributed to robust market demand, effective operational execution, and improved production costs across the various business sectors.In small ag and turf, net sales in the fourth quarter were down 13%, totaling $3.094 billion, driven by lower shipment volumes.

Deere & Company: Pricing Strategy & Market Positioning & Other Major Drivers

Managing Partner, VRS (Valuation & Research Specialists)

VRS (Valuation & Research Specialists)

Managing Partner

Valuation & Research Specialists (VRS) is a boutique financial advisor with more than 17 years of experience in Corporate Valuation and Finance, and a diversified client base including some of the largest Companies in Greece.

Since 2002, VRS has completed more than 200 engagements in the areas of business valuation and financial analysis for more than 100 clients in a wide range of industries.

VRS has been honored to work with small and large private and publicly traded companies in Europe and overseas.

Boutique Financial Advisor

<ul><li>Deere &amp; Company manufactures and distributes various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services.</li><li>The Production and Precision Agriculture segment provides mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.</li><li>The Small Agriculture and Turf segment offers utility tractors, and related loaders and attachments; turf and utility equipment, including riding lawn equipment, commercial mowing equipment, golf course equipment, and utility vehicles, as well as implements for mowing, tilling, snow and debris handling, aerating, residential, commercial, golf, and sports turf care applications; other outdoor power products; and hay and forage equipment. </li></ul>

Deere &amp; Company manufactures and distributes various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services.The Production and Precision Agriculture segment provides mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.The Small Agriculture and Turf segment offers utility tractors, and related loaders and attachments; turf and utility equipment, including riding lawn equipment, commercial mowing equipment, golf course equipment, and utility vehicles, as well as implements for mowing, tilling, snow and debris handling, aerating, residential, commercial, golf, and sports turf care applications; other outdoor power products; and hay and forage equipment. 

Technical Analysis on DEERE & CO | October 27, 2023

<ul><li>Deere & Company delivered a solid result and managed an all-around beat in the last quarter.</li><li>Deere & Company demonstrated resilience amid healthy agricultural fundamentals, maintaining a whole order book and positive customer sentiment that drove a solid close to fiscal year 2023.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

Deere & Company delivered a solid result and managed an all-around beat in the last quarter.Deere & Company demonstrated resilience amid healthy agricultural fundamentals, maintaining a whole order book and positive customer sentiment that drove a solid close to fiscal year 2023.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Deere & Company: Can The Smart Apply Acquisition Prove To Be A Real Growth Catalyst? - Major Drivers

Equity Capital Markets

<ul><li>Deere managed to exceed analyst expectations in terms of revenue as well as earnings.</li><li>Revenues and net sales were up and price realization was positive.</li><li>Deere viewed production and precision ag net revenue to rise.</li></ul>

Deere managed to exceed analyst expectations in terms of revenue as well as earnings.Revenues and net sales were up and price realization was positive.Deere viewed production and precision ag net revenue to rise.

United States

Deere & Company manufactures and distributes a range of agricultural, construction and forestry, and commercial and consumer equipment.  The Company supplies replacement parts for its own products and for those of other manufacturers. Deere also provides product and parts financing services. Deere and Company extends its services and products worldwide.

Deere & Co (DE US)

Deere & Co: Expansion In Precision Agriculture & 5 Other Factors Driving Growth In 2024! - Major Drivers

Deere & Company's earnings revealed a company operating well in the midst of an increasingly competitive market landscape, with stable demand...

Baptista Research

Deere & Company: Pricing Strategy & Market Positioning & Other Major Drivers

Deere & Co delivered an all-around beat in the previous quarter, with operating margins nearly reaching 22%, resulting in an impressive...

Baptista Research

Technical Analysis on DEERE & CO | October 27, 2023

The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and...

VRS (Valuation & Research Specialists)

Deere & Company: Can The Smart Apply Acquisition Prove To Be A Real Growth Catalyst? - Major Drivers

Deere & Company delivered a solid result and managed an all-around beat in the last quarter. Deere & Company demonstrated resilience amid...

Baptista Research

Deere & Company: Healthy Demand

Deere managed to exceed analyst expectations in terms of revenue as well as earnings. Revenues and net sales were up and price realization was...

Baptista Research