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>In its first quarter earnings, Freeport-McMoRan reported successful results in executing its business strategies.</li><li>The incoming CEO, Kathleen Quirk, outlined the company's strategic focus on copper, citing the growing global demand for the metal in numerous sectors, particularly in electrification.</li><li>The long-term trends point to tight market conditions due to constrained existing supplies, limited major new projects, and extended deadlines for supply development.</li></ul>

In its first quarter earnings, Freeport-McMoRan reported successful results in executing its business strategies.The incoming CEO, Kathleen Quirk, outlined the company's strategic focus on copper, citing the growing global demand for the metal in numerous sectors, particularly in electrification.The long-term trends point to tight market conditions due to constrained existing supplies, limited major new projects, and extended deadlines for supply development.

Freeport-McMoRan Inc.: Growth Through Large-Scale Mining Operations in Large and High-Grade Copper and Gold Mining Districts! - Major Drivers

<ul><li>In FY 2023, Freeport-McMoRan reported solid operating results across its operations.</li><li>A key highlight was its robust performance in Indonesia, where production levels improved for the fourth consecutive year and several new operating records were set.</li><li>The company also reached several milestones, including achieving a target run rate for their leach production in the Americas and making significant progress on the Indonesian smelter project.</li></ul>

In FY 2023, Freeport-McMoRan reported solid operating results across its operations.A key highlight was its robust performance in Indonesia, where production levels improved for the fourth consecutive year and several new operating records were set.The company also reached several milestones, including achieving a target run rate for their leach production in the Americas and making significant progress on the Indonesian smelter project.

Freeport-McMoran Inc: Efficiencies From Automation & Advanced Technologies As A Game Changer! - Major Drivers

<ul><li>Freeport-McMoRan Inc. delivered a mixed result in the recent quarter, with revenues above market expectations, but it failed to surpass the analyst consensus regarding earnings.</li><li>Despite this setback, Freeport-McMoRan outperformed expectations, achieving a lower-than-expected unit net cash cost of 47 per pound.</li><li>This, combined with solid copper prices, resulted in robust margins and an impressive EBITDA of 14 billion.</li></ul>

Freeport-McMoRan Inc. delivered a mixed result in the recent quarter, with revenues above market expectations, but it failed to surpass the analyst consensus regarding earnings.Despite this setback, Freeport-McMoRan outperformed expectations, achieving a lower-than-expected unit net cash cost of 47 per pound.This, combined with solid copper prices, resulted in robust margins and an impressive EBITDA of 14 billion.

Freeport-McMoRan Inc.: How Is The Company Adapting to Global Shifts? - Major Drivers

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

<ul>
<li>Low-Cost producer of copper and zinc with two of the biggest  ten mines in the world.</li>
<li>Recent mine acquisition and increased production at existing mines will grow earnings.</li>
<li>The supply and demand imbalance in copper will lead to higher prices.</li>
</ul>


Low-Cost producer of copper and zinc with two of the biggest  ten mines in the world.
Recent mine acquisition and increased production at existing mines will grow earnings.
The supply and demand imbalance in copper will lead to higher prices.


Mmg Limited 1208.HK - It's Got It All - Copper, EV's, and AI!

Equity Capital Markets

Freeport Mcmoran / Equity Capital Markets

<ul><li>It was a challenging first quarter for Freeport-McMoRan due to disruptions caused by extreme weather conditions and labor shortages.</li><li>The company managed an all-around beat and achieved essentially in-line consolidated unit net cash costs, averaging $1.76 per pound despite lower-than-expected volumes.</li><li>Freeport-McMoRan ended the quarter with $1.3 billion in net debt, and its balance sheet, liquidity, and financial flexibility are in great shape.</li></ul>

It was a challenging first quarter for Freeport-McMoRan due to disruptions caused by extreme weather conditions and labor shortages.The company managed an all-around beat and achieved essentially in-line consolidated unit net cash costs, averaging $1.76 per pound despite lower-than-expected volumes.Freeport-McMoRan ended the quarter with $1.3 billion in net debt, and its balance sheet, liquidity, and financial flexibility are in great shape.

Freeport-McMoRan Inc: Is The Volumes Expectation For 2023 Too High? – Key Drivers

United States

Freeport-McMoRan Inc. is an international natural resources company. The Company operates large, long-lived, geographically diverse assets with significant reserves of copper, gold, molybdenum, cobalt, oil, and gas.

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Freeport Mcmoran (FCX US)

Freeport-McMoRan Inc.: Growth Through Large-Scale Mining Operations in Large and High-Grade Copper and Gold Mining Districts! - Major Drivers

In its first quarter earnings, Freeport-McMoRan reported successful results in executing its business strategies. The incoming CEO, Kathleen...

Baptista Research

Freeport-McMoran Inc: Efficiencies From Automation & Advanced Technologies As A Game Changer! - Major Drivers

In FY 2023, Freeport-McMoRan reported solid operating results across its operations. A key highlight was its robust performance in Indonesia,...

Baptista Research

Freeport-McMoRan Inc.: How Is The Company Adapting to Global Shifts? - Major Drivers

Freeport-McMoRan Inc. delivered a mixed result in the recent quarter, with revenues above market expectations, but it failed to surpass the...

Baptista Research

Mmg Limited 1208.HK - It's Got It All - Copper, EV's, and AI!

A low-cost producer of copper and zinc poised for earnings growth with recent mine acquisitions and increased production, as the copper supply...

Rikki Malik

Freeport-McMoRan Inc: Is The Volumes Expectation For 2023 Too High? – Key Drivers

It was a challenging first quarter for Freeport-McMoRan due to disruptions caused by extreme weather conditions and labor shortages. The company...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Freeport-McMoRan Inc.: Growth Through Large-Scale Mining Operations in Large and High-Grade Copper and Gold Mining Districts! - Major Drivers

In its first quarter earnings, Freeport-McMoRan reported successful results in executing its business strategies. The incoming CEO, Kathleen...

Baptista Research

Freeport-McMoran Inc: Efficiencies From Automation & Advanced Technologies As A Game Changer! - Major Drivers

In FY 2023, Freeport-McMoRan reported solid operating results across its operations. A key highlight was its robust performance in Indonesia,...

Baptista Research

Freeport-McMoRan Inc.: How Is The Company Adapting to Global Shifts? - Major Drivers

Freeport-McMoRan Inc. delivered a mixed result in the recent quarter, with revenues above market expectations, but it failed to surpass the...

Baptista Research

Mmg Limited 1208.HK - It's Got It All - Copper, EV's, and AI!

​A low-cost producer of copper and zinc poised for earnings growth with recent mine acquisitions and increased production, as the copper supply...

Rikki Malik

Freeport-McMoRan Inc: Is The Volumes Expectation For 2023 Too High? – Key Drivers

It was a challenging first quarter for Freeport-McMoRan due to disruptions caused by extreme weather conditions and labor shortages. The company...

Baptista Research

A low-cost producer of copper and zinc poised for earnings growth with recent mine acquisitions and increased production, as the copper supply...