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 Capital Markets

<ul><li>While Intuit’s stock price may have been witnessing a correction off late, the company is off to a solid start in the 2022 fiscal with sustained momentum across its platform.</li><li>Strong network effects have justified Intuit’s growth for the past years and might well continue in 2022.</li><li>We are bullish on Intuit and give their stock an 'Outperform' rating with a revised target price.</li></ul>

While Intuit’s stock price may have been witnessing a correction off late, the company is off to a solid start in the 2022 fiscal with sustained momentum across its platform.Strong network effects have justified Intuit’s growth for the past years and might well continue in 2022.We are bullish on Intuit and give their stock an 'Outperform' rating with a revised target price.

Value Investing

Vladimir Dimitrov, CFA

Equity Bottom-Up

<ul><li>Intuit is among the high quality software businesses, with significant competitive advantages.</li><li>However, recent management decisions to go on an acquisition spree foreshadow future returns.</li><li>Moreover, Intuit is among the most heavily exposed tech companies to the risk of rising interest rates and fading momentum trade.</li></ul>

Intuit is among the high quality software businesses, with significant competitive advantages.However, recent management decisions to go on an acquisition spree foreshadow future returns.Moreover, Intuit is among the most heavily exposed tech companies to the risk of rising interest rates and fading momentum trade.

Intuit: In The Epicenter Of The Market Melt-Up

<ul><li>The unprecedented amount of liquidity is having profound implications for high growth tech companies.</li><li>Expected topline growth rate has become the number one business valuation driver in the cloud space.</li><li>The hidden risk of rising interest rates and fading momentum trade is often left unaccounted for, which could soon create serious problems.</li></ul>

The unprecedented amount of liquidity is having profound implications for high growth tech companies.Expected topline growth rate has become the number one business valuation driver in the cloud space.The hidden risk of rising interest rates and fading momentum trade is often left unaccounted for, which could soon create serious problems.

The Cloud Space In Numbers: What Matters The Most

<ul><li>Intuit continued with its exceptional run and had a robust fourth quarter capping off an exceptional year.</li><li>Their full-year revenue increased by a staggering 25%, including the addition of Credit Karma with the fourth quarter alone contributing $2.6 billion to the top-line.</li><li>It is also worth highlighting that the company is cash-rich and ended the quarter with around $3.9 billion in cash on their balance sheet even after repurchasing $467 million of stock during the fourth quarter.</li></ul>

Intuit continued with its exceptional run and had a robust fourth quarter capping off an exceptional year.Their full-year revenue increased by a staggering 25%, including the addition of Credit Karma with the fourth quarter alone contributing $2.6 billion to the top-line.It is also worth highlighting that the company is cash-rich and ended the quarter with around $3.9 billion in cash on their balance sheet even after repurchasing $467 million of stock during the fourth quarter.

<ul><li>(sample report) Intuit had a particularly stellar performance during the COVID-19 pandemic with an increasing shift of merchants towards its Quickbooks Online offering.</li><li>The company’s last quarterly result was particularly mediocre after a weak performance of its Total Desktop ecosystem and its Consumer group.</li><li>The company is poised for a strong outlook for 2021 with a growing market pie particularly within the personal finance and the SMB sectors.</li></ul>

(sample report) Intuit had a particularly stellar performance during the COVID-19 pandemic with an increasing shift of merchants towards its Quickbooks Online offering.The company’s last quarterly result was particularly mediocre after a weak performance of its Total Desktop ecosystem and its Consumer group.The company is poised for a strong outlook for 2021 with a growing market pie particularly within the personal finance and the SMB sectors.

United States

Intuit Inc. develops and markets business and financial management software solutions for small and medium sized businesses, financial institutions, consumers, and accounting professionals  The Company provides software for small business management and payroll processing, personal finance, and tax preparation and filing.

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Intuit Inc (INTU US)

Intuit Inc. - Investment Thesis

While Intuit’s stock price may have been witnessing a correction off late, the company is off to a solid start in the 2022 fiscal with sustained...

Baptista Research

Intuit: In The Epicenter Of The Market Melt-Up

Intuit is among the high quality software businesses, with significant competitive advantages. However, recent management decisions to go on an...

Vladimir Dimitrov, CFA

The Cloud Space In Numbers: What Matters The Most

The unprecedented amount of liquidity is having profound implications for high growth tech companies. Expected topline growth rate has become the...

Vladimir Dimitrov, CFA

Intuit Inc. - Investment Thesis

Intuit continued with its exceptional run and had a robust fourth quarter capping off an exceptional year. Their full-year revenue increased by a...

Baptista Research

Intuit Inc. - Invt Thesis

(sample report) Intuit had a particularly stellar performance during the COVID-19 pandemic with an increasing shift of merchants towards its...

Baptista Research

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