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>Kroger Co. continued to navigate the challenging operating environment characterized by continued supply chain headwinds, including higher diesel fuel costs and inflationary cost pressures.</li><li>The highlight of the last quarter was its launch of the Boost membership on grocery and fuel delivery.</li><li>We provide the stock of Kroger Company with a ‘Hold’ rating with a revision in the target price.</li></ul>

Kroger Co. continued to navigate the challenging operating environment characterized by continued supply chain headwinds, including higher diesel fuel costs and inflationary cost pressures.The highlight of the last quarter was its launch of the Boost membership on grocery and fuel delivery.We provide the stock of Kroger Company with a ‘Hold’ rating with a revision in the target price.

Kroger Company: The Boost Membership & Other Drivers

Credit

<ul><li>Despite facing its fair share of supply chain issues, Kroger has performed well in 2021.</li><li>The management is doing well on the cost cutting front as well and achieved cost savings of more than $1 billion for the fourth quarter alone.</li><li>The company is on track to double digital sales and profits by 2023, as the management had promised in 2021.</li></ul>

Despite facing its fair share of supply chain issues, Kroger has performed well in 2021.The management is doing well on the cost cutting front as well and achieved cost savings of more than $1 billion for the fourth quarter alone.The company is on track to double digital sales and profits by 2023, as the management had promised in 2021.

The Kroger Co.: Detailed Credit Analysis & Financial Strength Evaluation Report

Equity Capital Markets

<ul><li>Kroger has performed well like most of its retail peers.</li><li>The management is doing well on the cost cutting front as well and achieved cost savings of more than $1 billion for the fourth quarter alone.</li><li>The company is on track to double digital sales and profits by 2023, as the management promised in 2021.</li></ul>

Kroger has performed well like most of its retail peers.The management is doing well on the cost cutting front as well and achieved cost savings of more than $1 billion for the fourth quarter alone.The company is on track to double digital sales and profits by 2023, as the management promised in 2021.

The Kroger Co.: Financial & Price Forecasts

<ul><li>Kroger delivered a decent set of third-quarter results returning to positive comparable sales without fuel.</li><li>The company saw triple-digit digital sales growth on a two-year basis and increased its full-year 2021 guidance as well.</li><li>Kroger is committed to providing a customer-centric, seamless experience that requires no compromise, regardless of how customers interact with the team.</li></ul>

Kroger delivered a decent set of third-quarter results returning to positive comparable sales without fuel.The company saw triple-digit digital sales growth on a two-year basis and increased its full-year 2021 guidance as well.Kroger is committed to providing a customer-centric, seamless experience that requires no compromise, regardless of how customers interact with the team.

Kroger: The Home Chef Business Is A Major Driver (12/ 2021)

<ul><li>Kroger has managed to reach the target price from our last report after reporting a strong quarterly result, surpassing Wall Street expectations.</li><li>The company benefitted from the continuation of the pandemic-induced pent-up grocery demand due to the at-home consumption.</li><li>We have also added reasonable forecasts of the annualized income statement and cash flows and carried out a DCF valuation of the company using its Weighted Average Cost of Capital (WACC) to determine a forecasted share price.</li></ul>

Kroger has managed to reach the target price from our last report after reporting a strong quarterly result, surpassing Wall Street expectations.The company benefitted from the continuation of the pandemic-induced pent-up grocery demand due to the at-home consumption.We have also added reasonable forecasts of the annualized income statement and cash flows and carried out a DCF valuation of the company using its Weighted Average Cost of Capital (WACC) to determine a forecasted share price.

United States

The Kroger Co. operates supermarkets and convenience stores in the United States.  The Company also manufactures and processes some of the foods that its supermarkets sell.

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Kroger Co (KR US)

Kroger Company: The Boost Membership & Other Drivers

Kroger Co. continued to navigate the challenging operating environment characterized by continued supply chain headwinds, including higher diesel...

Baptista Research

The Kroger Co.: Detailed Credit Analysis & Financial Strength Evaluation Report

Despite facing its fair share of supply chain issues, Kroger has performed well in 2021. The management is doing well on the cost cutting front as...

Baptista Research

The Kroger Co.: Financial & Price Forecasts

Kroger has performed well like most of its retail peers. The management is doing well on the cost cutting front as well and achieved cost savings...

Baptista Research

Kroger: The Home Chef Business Is A Major Driver (12/ 2021)

Kroger delivered a decent set of third-quarter results returning to positive comparable sales without fuel. The company saw triple-digit digital...

Baptista Research

The Kroger Co. - Invt Thesis

Kroger has managed to reach the target price from our last report after reporting a strong quarterly result, surpassing Wall Street...

Baptista Research

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