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>Informa PLC's latest earnings report reflects a mix of both strong performance and areas requiring attention.</li>
<li>The company's revenue growth, at approximately 8% year-over-year, demonstrates robust expansion supported by both organic growth and strategic acquisitions.</li>
<li>The B2B Events segment recorded especially significant growth, with underlying revenue just over 8%, driven by both price and volume increases.</li>
</ul>


Informa PLC's latest earnings report reflects a mix of both strong performance and areas requiring attention.
The company's revenue growth, at approximately 8% year-over-year, demonstrates robust expansion supported by both organic growth and strategic acquisitions.
The B2B Events segment recorded especially significant growth, with underlying revenue just over 8%, driven by both price and volume increases.


Informa’s Diverse Business Portfolio...

Smartkarma AI, Smartkarma

αSK

Smartkarma AI

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
 <li>Informa is successfully executing its Growth Acceleration Plan 2 (GAP II), focusing on its two core, high-growth markets: B2B Markets and Academic Markets, leading to double-digit revenue growth and margin expansion.</li>
 <li>The company is a market leader in the resilient B2B events industry, which is experiencing a strong post-pandemic rebound, and a key player in the stable, subscription-based academic publishing sector through its Taylor &amp; Francis division.</li>
 <li>A disciplined capital allocation strategy, including strategic acquisitions and a significant share buyback program, is enhancing shareholder returns while investing in digital and data capabilities to secure future growth.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  Informa is successfully executing its Growth Acceleration Plan 2 (GAP II), focusing on its two core, high-growth markets: B2B Markets and Academic Markets, leading to double-digit revenue growth and margin expansion.
  The company is a market leader in the resilient B2B events industry, which is experiencing a strong post-pandemic rebound, and a key player in the stable, subscription-based academic publishing sector through its Taylor &amp; Francis division.
  A disciplined capital allocation strategy, including strategic acquisitions and a significant share buyback program, is enhancing shareholder returns while investing in digital and data capabilities to secure future growth.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Leading International Investment Research, Edison Investment Research

Edison Investment Research

Leading International Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Informa used its FY24 results presentation to highlight its strategy for the next three years. This is centred on leveraging the One Informa platform, focused on B2B, through its market-leading brands, and concentred on the Americas, Gulf States, Asia and China. It is set out as a self-funding project, effected through brand extension and international partnerships driving the top line, delivering further operating margin improvements. As well as the obvious B2B aspects, Informa is drawing attention to the value being added through its data-led marketing and from its own AI tools, which are already freeing up time from process and administration. The announcement was accompanied by news of a significant strategic partnership in the Middle East, expected to complete by end FY25 and be operational in FY26. The group’s expectations for FY25 are for underlying growth of more than 5%, with double-digit growth in group revenue and EPS.

Informa used its FY24 results presentation to highlight its strategy for the next three years. This is centred on leveraging the One Informa platform, focused on B2B, through its market-leading brands, and concentred on the Americas, Gulf States, Asia and China. It is set out as a self-funding project, effected through brand extension and international partnerships driving the top line, delivering further operating margin improvements. As well as the obvious B2B aspects, Informa is drawing attention to the value being added through its data-led marketing and from its own AI tools, which are already freeing up time from process and administration. The announcement was accompanied by news of a significant strategic partnership in the Middle East, expected to complete by end FY25 and be operational in FY26. The group’s expectations for FY25 are for underlying growth of more than 5%, with double-digit growth in group revenue and EPS.

Informa — FY25–28 plan for leveraging B2B platform

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

Foxconn Industrial Internet / Technical Analysis

<ul>
<li>Not much has changed since our latest Int'l Compass from May 31, 2024 titled "Buy the Pullback." </li>
<li>We were buyers of the pullback in global equities (MSCI ACWI, ACWI ex-US, EAFE, EM, Europe, Japan, Taiwan, etc.) with important supports holding, combined with ongoing healthy market dynamics.</li>
<li>Supports are holding, and our bullish outlook (since early-November 2023) remains intact. Continue to buy dips.</li>
</ul>


Not much has changed since our latest Int'l Compass from May 31, 2024 titled "Buy the Pullback." 
We were buyers of the pullback in global equities (MSCI ACWI, ACWI ex-US, EAFE, EM, Europe, Japan, Taiwan, etc.) with important supports holding, combined with ongoing healthy market dynamics.
Supports are holding, and our bullish outlook (since early-November 2023) remains intact. Continue to buy dips.


Downgrading Europe to Market Weight; Europe Indexes Still Bullish (Price); Bullish Outlook Intact

Informa’s FY23 results were strong, slightly ahead of guidance at January’s update. Underlying revenues grew 30.4% and adjusted operating margin expanded from 21.9% to 26.8%, with all four operating segments posting underlying revenue progress. The momentum has continued into FY24, and formal guidance has been edged ahead. The group generates significant amounts of cash, and leverage at end FY23 of 1.4x was below the guided range of 1.5–2.5x. With modest investment requirements and M&A opportunities of a large enough scale hard to come by, it seems likely that the share buyback programme will be extended further, underpinning the valuation.

Informa’s FY23 results were strong, slightly ahead of guidance at January’s update. Underlying revenues grew 30.4% and adjusted operating margin expanded from 21.9% to 26.8%, with all four operating segments posting underlying revenue progress. The momentum has continued into FY24, and formal guidance has been edged ahead. The group generates significant amounts of cash, and leverage at end FY23 of 1.4x was below the guided range of 1.5–2.5x. With modest investment requirements and M&A opportunities of a large enough scale hard to come by, it seems likely that the share buyback programme will be extended further, underpinning the valuation.

United Kingdom

Informa PLC provides business information on a worldwide basis.  The Company provides information in the finance and insurance, maritime transport and trade, law and tax, telecom and media, commodities and energy, and biomedical and pharmaceutical global markets.  Informa provides its information through newspapers, magazines, electronic media, books, and journals.

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Informa PLC (INF LN)

Informa’s Diverse Business Portfolio...

The B2B Events segment recorded especially significant growth, with underlying revenue just over 8%, driven by both price and volume increases.

Baptista Research

Primer: Informa PLC (INF LN) - Sep 2025

Informa is successfully executing its Growth Acceleration Plan 2 (GAP II), focusing on its two core, high-growth markets: B2B Markets and...

αSK

Informa — FY25–28 plan for leveraging B2B platform

Informa used its FY24 results presentation to highlight its strategy for the next three years. This is centred on leveraging the One Informa...

Edison Investment Research

Downgrading Europe to Market Weight; Europe Indexes Still Bullish (Price); Bullish Outlook Intact

Downgrading Europe to Market Weight $FEZ $STOXX; Europe Still Bullish From a Price Perspective; Bullish Outlook Intact on $ACWI $EEM; Supports...

Vermilion Research

Informa - FY24 off to a good start

Informa’s FY23 results were strong, slightly ahead of guidance at January’s update. Underlying revenues grew 30.4% and adjusted operating margin...

Edison Investment Research

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