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

Intl Flavors & Fragrances / Equity Bottom-Up

<ul><li>International Flavors and Fragrances Inc.</li><li>(IFF) reported its fourth quarter and full year 2023 earnings, where it was highlighted that comparable currency-neutral sales increased by 1%, and comparable currency-neutral EBITDA grew by 17% for the fourth quarter.</li><li>This comes amid a reported sales decline underscoring resilience within the company's operational framework.</li></ul>

International Flavors and Fragrances Inc.(IFF) reported its fourth quarter and full year 2023 earnings, where it was highlighted that comparable currency-neutral sales increased by 1%, and comparable currency-neutral EBITDA grew by 17% for the fourth quarter.This comes amid a reported sales decline underscoring resilience within the company's operational framework.

International Flavors & Fragrances (IFF): New Launches

<ul><li>IFF delivered an all-around beat in the previous quarter.</li><li>Despite a mid-single-digit decline in company-wide volume during Q3, this rebounded from the double-digit slump in Q2.</li><li>Advancing portfolio optimization, IFF swiftly addressed its capital structure, notably announcing the $810 million sale of Lucas Meyer Cosmetics to Clariant.</li></ul>

IFF delivered an all-around beat in the previous quarter.Despite a mid-single-digit decline in company-wide volume during Q3, this rebounded from the double-digit slump in Q2.Advancing portfolio optimization, IFF swiftly addressed its capital structure, notably announcing the $810 million sale of Lucas Meyer Cosmetics to Clariant.

International Flavors & Fragrances (IFF): What Are Its Biggest Growth Catalysts? - Financial Forecasts

<ul><li>International Flavors & Fragrances' results were a major disappointment as the company failed to meet Wall Street's revenue and earnings expectations.</li><li>The performance in the Scent and Pharma segment was robust, with solid pricing and productivity gains.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

International Flavors & Fragrances' results were a major disappointment as the company failed to meet Wall Street's revenue and earnings expectations.The performance in the Scent and Pharma segment was robust, with solid pricing and productivity gains.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

International Flavors & Fragrances Inc.: How the Scent Segment Remains the Company's Saving Grace! - Major Drivers

Equity Capital Markets

Intl Flavors & Fragrances / Equity Capital Markets

<ul><li>IFF delivered a mixed set of results for the previous quarter, with revenues above the analyst consensus.</li><li>The management’s focus on cost reduction efforts was evident as they are looking to recover from the effects of inflation, and reduce inventories while enhancing service levels.</li><li>Lower volumes and inventory reduction efforts impacted adjusted operating EBITDA, but IFF successfully recovered total inflation through pricing actions and achieved substantial cost and operational efficiencies.</li></ul>

IFF delivered a mixed set of results for the previous quarter, with revenues above the analyst consensus.The management’s focus on cost reduction efforts was evident as they are looking to recover from the effects of inflation, and reduce inventories while enhancing service levels.Lower volumes and inventory reduction efforts impacted adjusted operating EBITDA, but IFF successfully recovered total inflation through pricing actions and achieved substantial cost and operational efficiencies.

International Flavors & Fragrances (IFF).: Cost-Cutting Efforts Pay Off

Podcast hosted by Hedgeye CEO Keith McCullough, Real Conversations

Real Conversations

Podcast hosted by Hedgeye CEO Keith McCullough

Hedgeye is an investment research and financial media company founded in 2008. Our core principles are transparency, accountability and trust. Hedgeye’s Real Conversations series, hosted by CEO Keith McCullough, brings together the brightest minds in the business to cut through the noise and discuss the financial market moves that actually matter.LEGALThe opinions expressed in Hedgeye Real Conversations are those of the individual speaking and not of Hedgeye, and should not be construed as specific investment advice. Hedgeye® is a registered trademark. All Hedegye Real Conversations are the intellectual property of Hedgeye. All rights reserved.

Cross Asset Strategy

<ul><li>Russell was down almost a full percent last week, but consumer staples, MLPS, and shipping performed well</li><li>Domino's reported slightly lower earnings and showed signs of global headwinds, momentum slowing</li><li>China looks like a good long bias opportunity for the second half of 2024, while consumer staples are poorly positioned for reaccelerating inflation</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Russell was down almost a full percent last week, but consumer staples, MLPS, and shipping performed wellDomino's reported slightly lower earnings and showed signs of global headwinds, momentum slowingChina looks like a good long bias opportunity for the second half of 2024, while consumer staples are poorly positioned for reaccelerating inflationThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

United States

International Flavors & Fragrances Inc. creates, manufactures, and supplies flavors and fragrances for the food, beverage, personal care and household products industries. The Company's flavors and fragrances are individual ingredients or compounds of a large number of ingredients that are blended, mixed or reacted together to produce proprietary formulas.

Intl Flavors & Fragrances (IFF US)

International Flavors & Fragrances (IFF): New Launches

International Flavors and Fragrances Inc. (IFF) reported its fourth quarter and full year 2023 earnings, where it was highlighted that comparable...

Baptista Research

International Flavors & Fragrances (IFF): What Are Its Biggest Growth Catalysts? - Financial Forecasts

IFF delivered an all-around beat in the previous quarter. Despite a mid-single-digit decline in company-wide volume during Q3, this rebounded from...

Baptista Research

International Flavors & Fragrances Inc.: How the Scent Segment Remains the Company's Saving Grace! - Major Drivers

International Flavors & Fragrances' results were a major disappointment as the company failed to meet Wall Street's revenue and earnings...

Baptista Research

International Flavors & Fragrances (IFF).: Cost-Cutting Efforts Pay Off

IFF delivered a mixed set of results for the previous quarter, with revenues above the analyst consensus. The management’s focus on cost reduction...

Baptista Research

The Call @ Hedgeye | February 26, 2024

Last week saw a mixed market with Russell down almost 1%, consumer staples and MLPs performing well, Howard's cannabis MSOs showing strength,...

Real Conversations