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>The latest quarterly earnings for Kenvue highlights the company's strategic focus amidst challenging market conditions, with a keen emphasis on innovation, operational efficiency, and brand investment.</li><li>The company reported a modest year-over-year organic growth of 0.9%, down from its previous quarter but on top of a 3.6% growth registered last year.</li><li>This performance illustrated a mixed picture of steady progress in some business areas and challenges in others.</li></ul>

The latest quarterly earnings for Kenvue highlights the company's strategic focus amidst challenging market conditions, with a keen emphasis on innovation, operational efficiency, and brand investment.The company reported a modest year-over-year organic growth of 0.9%, down from its previous quarter but on top of a 3.6% growth registered last year.This performance illustrated a mixed picture of steady progress in some business areas and challenges in others.

Kenvue Inc.: The Impact Of Recent Consumer Trends & Its Retail Strategy & Other  Major Drivers

<ul><li>Kenvue's second quarter 2024 financial performance indicates a company in transition, focusing on brand investment and operational adjustments following its recent split from Johnson & Johnson.</li><li>This period reflects a strategic push to optimize its portfolio and enhance market reach, which is crucial as Kenvue navigates its first full year as a standalone entity.</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>

Kenvue's second quarter 2024 financial performance indicates a company in transition, focusing on brand investment and operational adjustments following its recent split from Johnson & Johnson.This period reflects a strategic push to optimize its portfolio and enhance market reach, which is crucial as Kenvue navigates its first full year as a standalone entity.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.

Kenvue Inc.: Strategic Investments In Consumer-facing Initiatives & Other Major Drivers

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Richard Howe

Founder at Stock Spin-off Investing

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Stock Spin-offs

Event-Driven

<ul>
<li>Honeywell International (HON) announced its plan to spin off its Advanced Materials business on October 8, 2024.</li>
<li>Subsequently, on February 6, 2025, the company revealed its intention to separate into three independent entities by also spinning off its Aerospace and Automation divisions.</li>
<li>Automation (49% of revenue): This segment will concentrate on developing advanced automation technologies.</li>
</ul>


Honeywell International (HON) announced its plan to spin off its Advanced Materials business on October 8, 2024.
Subsequently, on February 6, 2025, the company revealed its intention to separate into three independent entities by also spinning off its Aerospace and Automation divisions.
Automation (49% of revenue): This segment will concentrate on developing advanced automation technologies.


<ul>
<li>Galapagos NV (GLPG), a Belgian biotechnology company, announced on January 8, 2025, its plan to split into two publicly traded entities by mid-2025.</li>
<li>Vivendi (VIV), the French media conglomerate, has recently undergone a significant restructuring by spinning off several of its key divisions into independent entities.</li>
<li>On December 30, 2024, Lions Gate Entertainment (LGFA/LGFB) filed its latest proxy related to the spin-off of Lionsgate Studios (LION). <a href="https://www.bamsec.com/filing/119312524287096?cik=929351" target="_blank" rel="noopener">You can read it here</a>.</li>
</ul>


Galapagos NV (GLPG), a Belgian biotechnology company, announced on January 8, 2025, its plan to split into two publicly traded entities by mid-2025.
Vivendi (VIV), the French media conglomerate, has recently undergone a significant restructuring by spinning off several of its key divisions into independent entities.
On December 30, 2024, Lions Gate Entertainment (LGFA/LGFB) filed its latest proxy related to the spin-off of Lionsgate Studios (LION). You can read it here.


<ul><li>Kenvue appears to have had a strong start to 2024 despite facing some challenges.</li><li>Positively, the company's Q1 results came in ahead of expectations reflecting a robust portfolio and quality of its workforce.</li><li>Leveraging value realization, investing in brands and notably, expanding gross margin by 290 basis points in Q1 to support brand activation were key achievements.</li></ul>

Kenvue appears to have had a strong start to 2024 despite facing some challenges.Positively, the company's Q1 results came in ahead of expectations reflecting a robust portfolio and quality of its workforce.Leveraging value realization, investing in brands and notably, expanding gross margin by 290 basis points in Q1 to support brand activation were key achievements.

Kenvue Inc.: Does It Have A Sustainable Competitive Advantage? - Major Drivers

United States

Kenvue Inc. operates as a consumer health company. The Company offers a consumer health portfolio in self-care, skin health & beauty, and essential health products. Kenvue serves customers worldwide.

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Kenvue (KVUE US)

Kenvue Inc.: The Impact Of Recent Consumer Trends & Its Retail Strategy & Other Major Drivers

The latest quarterly earnings for Kenvue highlights the company's strategic focus amidst challenging market conditions, with a keen emphasis on...

Baptista Research

Kenvue Inc.: Strategic Investments In Consumer-facing Initiatives & Other Major Drivers

Kenvue's second quarter 2024 financial performance indicates a company in transition, focusing on brand investment and operational adjustments...

Baptista Research

Weekly Update (MRP, WDC, HON, LGFA)

Honeywell International (HON) announced its plan to spin off its Advanced Materials business on October 8, 2024. Subsequently, on February 6, 2025,...

Richard Howe

Weekly Update: January 10, 2025

Galapagos NV (GLPG), a Belgian biotechnology company, announced on January 8, 2025, its plan to split into two publicly traded entities by mid-2025.

Richard Howe

Kenvue Inc.: Does It Have A Sustainable Competitive Advantage? - Major Drivers

Kenvue appears to have had a strong start to 2024 despite facing some challenges. Positively, the company's Q1 results came in ahead of...

Baptista Research

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