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>Based on the fourth-quarter 2023 earnings, FMC Corporation's performance suggests a mixed investment climate.</li><li>Although the company's plan largely revolves around elements they manage, such as NPI sales and restructuring initiatives, the transition of the crop chemicals market implies a challenging year ahead.</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>

Based on the fourth-quarter 2023 earnings, FMC Corporation's performance suggests a mixed investment climate.Although the company's plan largely revolves around elements they manage, such as NPI sales and restructuring initiatives, the transition of the crop chemicals market implies a challenging year ahead.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.

FMC Corporation: Performance of Diamides Business and Other Portfolios Driving Growth? - Major Drivers

<ul><li>FMC Corporation delivered a disappointing set of results as they were unable to meet Wall Street's revenue and earnings expectations.</li><li>Despite a 29% YoY decline in Q3 revenue, affected by channel destocking and dry weather conditions, FMC's team highlights the steady grower application of crop protection products.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

FMC Corporation delivered a disappointing set of results as they were unable to meet Wall Street's revenue and earnings expectations.Despite a 29% YoY decline in Q3 revenue, affected by channel destocking and dry weather conditions, FMC's team highlights the steady grower application of crop protection products.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

FMC Corporation: Introducing Ethos Elite LFR – A Game Changer in Crop Protection? - Major Drivers

<ul><li>FMC Corporation delivered a disappointing set of results as the company could not meet the revenue and earnings expectations of Wall Street.</li><li>The company presented several challenges, including FX headwinds, lower EBITDA margin, higher interest expenses, and a decline in free cash flow due to the impact of a channel inventory reset.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

FMC Corporation delivered a disappointing set of results as the company could not meet the revenue and earnings expectations of Wall Street.The company presented several challenges, including FX headwinds, lower EBITDA margin, higher interest expenses, and a decline in free cash flow due to the impact of a channel inventory reset.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

FMC Corporation: Decoding Their Strategy Amidst FX Headwinds and Declining Cash Flow! - Major Drivers

<ul><li>FMC delivered a mixed result in the recent quarter, with revenues below market expectations but it managed to surpass the analyst consensus in terms of earnings.</li><li>North America experienced a substantial quarter with significant sales growth, driven by high customer demand, price increases, and a favorable product mix.</li><li>Despite revised market conditions, FMC’s management is confident about achieving revenue growth through pricing gains, new product offerings, and expanded market access.</li></ul>

FMC delivered a mixed result in the recent quarter, with revenues below market expectations but it managed to surpass the analyst consensus in terms of earnings.North America experienced a substantial quarter with significant sales growth, driven by high customer demand, price increases, and a favorable product mix.Despite revised market conditions, FMC’s management is confident about achieving revenue growth through pricing gains, new product offerings, and expanded market access.

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.</li>
<li>The index is reviewed quarterly. The next review will be in March 2024 and the evaluation date for the rankings for the constituent selection process is 29th February 2024.</li>
<li>In this insight, we take a look at Potential ADDs and Potential DELs for the rebalance. We estimate US$13.1bn one-way flow on 3 ADDs and 3 DELs.</li>
</ul>


The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.
The index is reviewed quarterly. The next review will be in March 2024 and the evaluation date for the rankings for the constituent selection process is 29th February 2024.
In this insight, we take a look at Potential ADDs and Potential DELs for the rebalance. We estimate US$13.1bn one-way flow on 3 ADDs and 3 DELs.


Quiddity Leaderboard S&P 500 Mar 24: Big Index Flows Possible for Workday and KKR

United States

FMC Corp operates as a diversified research company in the chemical industry. The company offers technology solutions for agricultural, industrial, and consumer markets. FMC Corp offer an array of technologies in research and development to improve delivery of medications, enhance foods and beverages, power batteries, protect crop yields, and advance textile manufacturing.

Fmc Corp (FMC US)

FMC Corporation: Performance of Diamides Business and Other Portfolios Driving Growth? - Major Drivers

Based on the fourth-quarter 2023 earnings, FMC Corporation's performance suggests a mixed investment climate. Although the company's plan largely...

Baptista Research

FMC Corporation: Introducing Ethos Elite LFR – A Game Changer in Crop Protection? - Major Drivers

FMC Corporation delivered a disappointing set of results as they were unable to meet Wall Street's revenue and earnings expectations. Despite a...

Baptista Research

FMC Corporation: Decoding Their Strategy Amidst FX Headwinds and Declining Cash Flow! - Major Drivers

FMC Corporation delivered a disappointing set of results as the company could not meet the revenue and earnings expectations of Wall Street. The...

Baptista Research

FMC Corporation: Major Drivers

FMC delivered a mixed result in the recent quarter, with revenues below market expectations but it managed to surpass the analyst consensus in...

Baptista Research

Quiddity Leaderboard S&P 500 Mar 24: Big Index Flows Possible for Workday and KKR

A new Quiddity Leaderboard for S&P500 Index Rebal predictions. We like Workday against a basket of peers, based on our expectation of US$6bn+ net...

Travis Lundy