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>Given the impact of inflationary headwinds, Domino's has been working out ways to improve its consumer pricing architecture in the U.S.</li><li>The management saw the average price rise close to 6% in the last quarter which helped the company surpass revenue expectations of Wall Street.</li><li>In the new season of Stranger Things, they also introduced their Mind Ordering app, which offered a new ordering experience.</li></ul>

Given the impact of inflationary headwinds, Domino's has been working out ways to improve its consumer pricing architecture in the U.S.The management saw the average price rise close to 6% in the last quarter which helped the company surpass revenue expectations of Wall Street.In the new season of Stranger Things, they also introduced their Mind Ordering app, which offered a new ordering experience.

Domino's Pizza: Sources of Competitive Advantage

Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

Equity, Bottom-up Analyst

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Shakey's Pizza Asia Ventures / Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/shakey-s-pizza-asia-ventures" target="_blank" data-smartkarma-citation="entities:23706:1" rel="noopener">Shakey's Pizza Asia Ventures (PIZZA PM)</a> is a play on F&amp;B normalizing in the Philippines.  On our numbers, it trades at a 12.9x PE for FY22 and 10x for FY23.</li>
<li>Quick Service Restaurant (QSR) peers like <a href="https://www.smartkarma.com/entities/domino-s-pizza-inc" target="_blank" data-smartkarma-citation="entities:6436:1" rel="noopener">Domino's Pizza (DPZ US)</a> and <a href="https://www.smartkarma.com/entities/jubilant-foodworks-ltd" target="_blank" data-smartkarma-citation="entities:986:1" rel="noopener">Jubilant Foodworks (JUBI IN)</a> trade at multiples of 39x and 59x fwd PE, making Shakey's an extremely cheap stock. </li>
<li>Versus the current multiple of 7.9 peso/share, we believe the stock can trade up to 30x PE FY23 implying a 24 peso/share price (200% upside).</li>
</ul>



Shakey's Pizza Asia Ventures (PIZZA PM) is a play on F&amp;B normalizing in the Philippines.  On our numbers, it trades at a 12.9x PE for FY22 and 10x for FY23.
Quick Service Restaurant (QSR) peers like Domino's Pizza (DPZ US) and Jubilant Foodworks (JUBI IN) trade at multiples of 39x and 59x fwd PE, making Shakey's an extremely cheap stock. 
Versus the current multiple of 7.9 peso/share, we believe the stock can trade up to 30x PE FY23 implying a 24 peso/share price (200% upside).


Shakey's Pizza: High Conviction Three Bagger, Management Call Provides Superb Guidance For FY22

Credit

<ul><li>Domino's delivered a strong set of results for 2021 manifesting the immense growth potential of the brand all over the world.</li><li>The company’s retail sales growth has improved, driven by a combination of same-store sales and store additions.</li><li>The ROCE of the company remains quite strong and it continues to see a strong pipeline of future store openings.</li></ul>

Domino's delivered a strong set of results for 2021 manifesting the immense growth potential of the brand all over the world.The company’s retail sales growth has improved, driven by a combination of same-store sales and store additions.The ROCE of the company remains quite strong and it continues to see a strong pipeline of future store openings.

Domino's Pizza Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Equity Capital Markets

<ul><li>The 2021 results of Domino’s once again demonstrated the powerful growth potential of the brand all over the world.</li><li>The company’s retail sales growth has improved, driven by a combination of same-store sales and store additions.</li><li>Aggressive purchasing in Domino’s company-owned store markets contributed to the same-store sales gap between franchise store and corporate store business.</li></ul>

The 2021 results of Domino’s once again demonstrated the powerful growth potential of the brand all over the world.The company’s retail sales growth has improved, driven by a combination of same-store sales and store additions.Aggressive purchasing in Domino’s company-owned store markets contributed to the same-store sales gap between franchise store and corporate store business.

Domino's Pizza Inc.: Financial & Price Forecasts

Stock Market News, Outlooks, and Top Picks, Cappuccino Finance

Cappuccino Finance

Stock Market News, Outlooks, and Top Picks

Cappuccino Finance, provides Financial vignettes for your cappuccino break!

Fun & informational articles to read in 10 min or less.

<ul><li>The market has been quite volatile these past couple of months. Unfortunately, it seems like volatility will stay for some time.</li><li>Growth oriented tech stocks got especially hammered. While it might be quite upsetting seeing those red numbers, it is actually a good time for the savvy investor to buy!</li><li>InMode designs, develops, manufactures, and sells minimally invasive aesthetic medical products. Simply speaking, they make and sell robotics for plastic surgery.</li></ul>

The market has been quite volatile these past couple of months. Unfortunately, it seems like volatility will stay for some time.Growth oriented tech stocks got especially hammered. While it might be quite upsetting seeing those red numbers, it is actually a good time for the savvy investor to buy!InMode designs, develops, manufactures, and sells minimally invasive aesthetic medical products. Simply speaking, they make and sell robotics for plastic surgery.

United States

Domino's Pizza, Inc. operates a network of Company-owned and franchise Domino's Pizza stores, located throughout the United States and in other countries.  The Company also operates regional dough manufacturing and distribution centers in the contiguous United States and outside the United States.

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Domino's Pizza (DPZ US)

Domino's Pizza: Sources of Competitive Advantage

Given the impact of inflationary headwinds, Domino's has been working out ways to improve its consumer pricing architecture in the U.S. The...

Baptista Research

Shakey's Pizza: High Conviction Three Bagger, Management Call Provides Superb Guidance For FY22

Shakey's Pizza Asia Ventures (PIZZA PM) is a play on F&B normalizing in the Philippines. On our numbers, it trades at a 12x PE for FY22 and 10x...

Sameer Taneja

Domino's Pizza Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Domino's delivered a strong set of results for 2021 manifesting the immense growth potential of the brand all over the world. The company’s retail...

Baptista Research

Domino's Pizza Inc.: Financial & Price Forecasts

The 2021 results of Domino’s once again demonstrated the powerful growth potential of the brand all over the world. The company’s retail sales...

Baptista Research

Top Picks for Growth Stocks - Feb 2022

The market has been quite volatile these past couple of months. Unfortunately, it seems like volatility will stay for some time.

Cappuccino Finance

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