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>EnerSys reported its fourth quarter and full year fiscal 2025 results, reflecting both strengths and challenges that are integral to its ongoing business strategy and market environment.</li><li>The company achieved a notable 7% increase in revenue for the fourth quarter, marking its second-highest revenue quarter ever, with a record adjusted diluted EPS of $1.86.</li><li>A significant contribution came from the Motive Power segment, which exhibited strong margin growth, and overall, EnerSys reported solid contributions from the recently acquired Bren-Tronics.</li></ul>

EnerSys reported its fourth quarter and full year fiscal 2025 results, reflecting both strengths and challenges that are integral to its ongoing business strategy and market environment.The company achieved a notable 7% increase in revenue for the fourth quarter, marking its second-highest revenue quarter ever, with a record adjusted diluted EPS of $1.86.A significant contribution came from the Motive Power segment, which exhibited strong margin growth, and overall, EnerSys reported solid contributions from the recently acquired Bren-Tronics.

EnerSys Just Unlocked a Multi-Billion Dollar Opportunity With Its Motive Power Breakthrough; What Lies Ahead?

<ul><li>EnerSys reported a mixed but promising outlook for their fiscal third quarter of 2025.</li><li>Revenue increased by 5% year-over-year, reaching approximately $906 million, though this growth was mildly under expectations due to foreign exchange pressures, slower U.S. communication market recovery, and a disruption at a motive power customer's facility in EMEA.</li><li>A key positive for the quarter was the notable margin expansion driven by a strong price/mix across all business lines, operational improvements in Energy Systems, and contributions from the recent Bren-Tronics acquisition.</li></ul>

EnerSys reported a mixed but promising outlook for their fiscal third quarter of 2025.Revenue increased by 5% year-over-year, reaching approximately $906 million, though this growth was mildly under expectations due to foreign exchange pressures, slower U.S. communication market recovery, and a disruption at a motive power customer's facility in EMEA.A key positive for the quarter was the notable margin expansion driven by a strong price/mix across all business lines, operational improvements in Energy Systems, and contributions from the recent Bren-Tronics acquisition.

Enersys - EnerSys: Electrification & Digitization Trends Can Shape The Future Of Energy Management!

<ul><li>EnerSys' fiscal second-quarter 2025 earnings reveal a mixed but strategic outlook for the company.</li><li>Under the backdrop of CEO David Shaffer's impending retirement and the appointment of Shawn O'Connell as his successor, EnerSys reported revenues of $884 million, a slight decline of 2% year-over-year, reflecting challenges in communications and transportation markets, particularly Class 8 truck OEMs. This was somewhat offset by growth in the Aerospace and Defense (A&D) sector and the integration of the Bren-Tronics acquisition, which contributed positively to their specialty business segment.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

EnerSys' fiscal second-quarter 2025 earnings reveal a mixed but strategic outlook for the company.Under the backdrop of CEO David Shaffer's impending retirement and the appointment of Shawn O'Connell as his successor, EnerSys reported revenues of $884 million, a slight decline of 2% year-over-year, reflecting challenges in communications and transportation markets, particularly Class 8 truck OEMs. This was somewhat offset by growth in the Aerospace and Defense (A&D) sector and the integration of the Bren-Tronics acquisition, which contributed positively to their specialty business segment.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

EnerSys Powers Ahead with 50% Growth in Data Center Demand: The Future of Storage is Here! - Major Drivers

<ul><li>EnerSys recently discussed its financial results for the first quarter of fiscal 2025.</li><li>Despite a challenging macroeconomic environment, the company managed to deliver earnings per share (EPS) at the midpoint of expectations, although revenues were reported slightly below the low end of the guidance range.</li><li>Importantly, EnerSys has been able to leverage its diverse business portfolio and effective management of operational expenses to navigate uneven demand across its key markets.</li></ul>

EnerSys recently discussed its financial results for the first quarter of fiscal 2025.Despite a challenging macroeconomic environment, the company managed to deliver earnings per share (EPS) at the midpoint of expectations, although revenues were reported slightly below the low end of the guidance range.Importantly, EnerSys has been able to leverage its diverse business portfolio and effective management of operational expenses to navigate uneven demand across its key markets.

EnerSys: Initiation Of Coverage - Enhanced Market Position through Product Innovations! - Major Drivers

Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<ul><li>WTR Sustainable Index: During the week ended January 27, 2023, the WTR Sustainable Index outperformed the broader market, rising 20.0% W/W versus the S&amp;P 500 Index (up 2.5%), the Russell 2000 Index (up 2.4%), and the Nasdaq Composite Index (up 4.3%).</li><li>Advanced Transportation Solutions (69% of the index) drove the outperformance, rising 30.7% , while Energy Technology (9% of index) was up 1.8% and Industrial Climate and Ag Technology was up 1.9%.</li><li>Valuation: Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 26.4x versus 18.3x for the S&amp;P 500.</li></ul>

WTR Sustainable Index: During the week ended January 27, 2023, the WTR Sustainable Index outperformed the broader market, rising 20.0% W/W versus the S&amp;P 500 Index (up 2.5%), the Russell 2000 Index (up 2.4%), and the Nasdaq Composite Index (up 4.3%).Advanced Transportation Solutions (69% of the index) drove the outperformance, rising 30.7% , while Energy Technology (9% of index) was up 1.8% and Industrial Climate and Ag Technology was up 1.9%.Valuation: Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 26.4x versus 18.3x for the S&amp;P 500.

Weekly Sustainable Investing Surveyor: Week Ended January 27, 2023

United States

EnerSys manufactures, markets, and distributes industrial batteries.  The Company also manufactures, markets, and distributes related products such as chargers, power equipment, and battery accessories.  EnerSys provides related after-market and customer-support services for lead-acid industrial batteries.

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Enersys (ENS US)

EnerSys Just Unlocked a Multi-Billion Dollar Opportunity With Its Motive Power Breakthrough; What Lies Ahead?

EnerSys reported its fourth quarter and full year fiscal 2025 results, reflecting both strengths and challenges that are integral to its ongoing...

Baptista Research

Enersys - EnerSys: Electrification & Digitization Trends Can Shape The Future Of Energy Management!

EnerSys reported a mixed but promising outlook for their fiscal third quarter of 2025. Revenue increased by 5% year-over-year, reaching...

Baptista Research

EnerSys Powers Ahead with 50% Growth in Data Center Demand: The Future of Storage is Here! - Major Drivers

EnerSys' fiscal second-quarter 2025 earnings reveal a mixed but strategic outlook for the company. Under the backdrop of CEO David Shaffer's...

Baptista Research

EnerSys: Initiation Of Coverage - Enhanced Market Position through Product Innovations! - Major Drivers

EnerSys recently discussed its financial results for the first quarter of fiscal 2025. Despite a challenging macroeconomic environment, the...

Baptista Research

Weekly Sustainable Investing Surveyor: Week Ended January 27, 2023

During the week ended January 27, 2023, the WTR Sustainable Index outperformed the broader market, rising 20.0% W/W versus the S&P 500 Index (up 2.5%)

Water Tower Research

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