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>Louisiana-Pacific Corporation's third-quarter 2024 earnings report and subsequent Q&A session provide an array of insights into the company's operational performance and strategic orientation, presenting a balanced picture of opportunities and challenges.</li><li>Financially, Louisiana-Pacific generated $722 million in net sales for the quarter, driven significantly by a 22% growth in their Siding division, even while lower commodity OSB prices negatively impacted overall sales by $88 million.</li><li>This segment not only set new records for sales and EBITDA but also benefited from improvements in the margins of the ExpertFinish product.</li></ul>

Louisiana-Pacific Corporation's third-quarter 2024 earnings report and subsequent Q&A session provide an array of insights into the company's operational performance and strategic orientation, presenting a balanced picture of opportunities and challenges.Financially, Louisiana-Pacific generated $722 million in net sales for the quarter, driven significantly by a 22% growth in their Siding division, even while lower commodity OSB prices negatively impacted overall sales by $88 million.This segment not only set new records for sales and EBITDA but also benefited from improvements in the margins of the ExpertFinish product.

Louisiana-Pacific Corporation: Can Its Market Gains in SmartSide Products Add To The On-going Growth Curve? - Major Drivers

Providing investors with a balanced perspective, Massif Capital

Massif Capital Research

Providing investors with a balanced perspective

Massif Capital

Research focused on providing investors with a balanced perspective on the environmental and economic realities of achieving a carbon-neutral economy for businesses within the Energy, Basic Materials and Industrial industries.

The Massif Capital Real Asset Strategy is a global long/short equity strategy built around bottom-up stock picking. We are focused on creating a portfolio of businesses from within the Energy, Basic Materials and Industrial sectors that balance the environmental and economic realities of achieving a carbon-neutral economy.

Commodities

<h3><strong>This Week's Key Take Aways</strong></h3>
<ul>
<li>Lithium stock run may already be out of steam</li>
<li>Like Oil, the Natural Gas markets appear well supplied and are showing near-term weakness.</li>
<li>No love for North American lumber</li>
<li>Copper continues to have us on edge, love the long-term story, but we have got to survive the short and medium term to get there.</li>
<li>Renewable tax credit qualification has a new physical work standard; the race is on to build.</li>
</ul>

This Week's Key Take Aways

Lithium stock run may already be out of steam
Like Oil, the Natural Gas markets appear well supplied and are showing near-term weakness.
No love for North American lumber
Copper continues to have us on edge, love the long-term story, but we have got to survive the short and medium term to get there.
Renewable tax credit qualification has a new physical work standard; the race is on to build.


Real Asset Chartbook Week #18: Lithium Blinks, Gas Slips, Copper Stalls—Who Survives the Grind?

<ul><li>Louisiana-Pacific Corporation has posted strong results for the second quarter of 2024, demonstrating growth, margin expansion, and effective execution of strategic initiatives.</li><li>The company reported net sales of $814 million, a significant increase of 33% compared to the previous year.</li><li>This growth was predominantly driven by the Siding business, which saw a 30% increase in sales due to both higher volumes and prices.</li></ul>

Louisiana-Pacific Corporation has posted strong results for the second quarter of 2024, demonstrating growth, margin expansion, and effective execution of strategic initiatives.The company reported net sales of $814 million, a significant increase of 33% compared to the previous year.This growth was predominantly driven by the Siding business, which saw a 30% increase in sales due to both higher volumes and prices.

Louisiana-Pacific Corporation: Strategic Market Penetration & Share Gains & Other Major Drivers

<ul><li>Louisiana-Pacific Corporation showcased a robust performance in the first quarter of 2024, notably driven by strong outcomes from both the Siding and OSB (Oriented Strand Board) segments.</li><li>The company recorded sales of $724 million, marking a 24% increase year-over-year, while adjusted EBITDA surged to $182 million, up $116 million from the first quarter of 2023.</li><li>The growth in the Siding segment was particularly notable, with a 9% increase in revenue driven by a compound effect of increased net selling prices and higher volumes.</li></ul>

Louisiana-Pacific Corporation showcased a robust performance in the first quarter of 2024, notably driven by strong outcomes from both the Siding and OSB (Oriented Strand Board) segments.The company recorded sales of $724 million, marking a 24% increase year-over-year, while adjusted EBITDA surged to $182 million, up $116 million from the first quarter of 2023.The growth in the Siding segment was particularly notable, with a 9% increase in revenue driven by a compound effect of increased net selling prices and higher volumes.

Louisiana-Pacific Corporation: Will Their Efforts Towards Optimization of Production and Operational Efficiency Improve The Bottom-Line? - Major Drivers

<ul><li>Louisiana-Pacific Corporation (LP) emerged from 2023 with a much stronger finish than its beginning due to the impressive performance of its Siding business segment in the fourth quarter, which recorded the highest EBITDA margin of the year.</li><li>LP managed to return to normal inventory and order flows after experiencing a destocking cycle in the first half of the year.</li><li>The company ended the year with $222 million in cash and over $770 million in liquidity, demonstrating its strong financial position despite its significant investment in SmartSide and ExpertFinish capacity.</li></ul>

Louisiana-Pacific Corporation (LP) emerged from 2023 with a much stronger finish than its beginning due to the impressive performance of its Siding business segment in the fourth quarter, which recorded the highest EBITDA margin of the year.LP managed to return to normal inventory and order flows after experiencing a destocking cycle in the first half of the year.The company ended the year with $222 million in cash and over $770 million in liquidity, demonstrating its strong financial position despite its significant investment in SmartSide and ExpertFinish capacity.

Louisiana-Pacific Corporation: Initiation Of Coverage - What Is Its Core Business Strategy & The Impact Of Volume Sensitivity? - Major Drivers

United States

Louisiana-Pacific Corporation manufactures building materials and engineered wood products in the United States, Canada, Chile, and Brazil.  The Company's products are used by homebuilders and light commercial builders. Louisiana Pacific's products include oriented strand board sheathing, flooring, radiant barrier panels,  siding and trim, I-joists, and laminated veneer lumber.

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Louisiana Pacific (LPX US)

Louisiana-Pacific Corporation: Can Its Market Gains in SmartSide Products Add To The On-going Growth Curve? - Major Drivers

Louisiana-Pacific Corporation's third-quarter 2024 earnings report and subsequent Q&A session provide an array of insights into the company's...

Baptista Research

Real Asset Chartbook Week #18: Lithium Blinks, Gas Slips, Copper Stalls—Who Survives the Grind?

This Week's Key Take Aways Lithium stock run may already be out of steam Like Oil, the Natural Gas markets appear well supplied and are showing...

Massif Capital Research

Louisiana-Pacific Corporation: Will Their Efforts Towards Optimization of Production and Operational Efficiency Improve The Bottom-Line? - Major Drivers

Louisiana-Pacific Corporation showcased a robust performance in the first quarter of 2024, notably driven by strong outcomes from both the Siding...

Baptista Research

Louisiana-Pacific Corporation: Initiation Of Coverage - What Is Its Core Business Strategy & The Impact Of Volume Sensitivity? - Major Drivers

Louisiana-Pacific Corporation (LP) emerged from 2023 with a much stronger finish than its beginning due to the impressive performance of its...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Louisiana-Pacific Corporation: Can Its Market Gains in SmartSide Products Add To The On-going Growth Curve? - Major Drivers

Louisiana-Pacific Corporation's third-quarter 2024 earnings report and subsequent Q&A session provide an array of insights into the company's...

Baptista Research

Real Asset Chartbook Week #18: Lithium Blinks, Gas Slips, Copper Stalls—Who Survives the Grind?

This Week's Key Take Aways Lithium stock run may already be out of steam Like Oil, the Natural Gas markets appear well supplied and are showing...

Massif Capital Research

Louisiana-Pacific Corporation: Strategic Market Penetration & Share Gains & Other Major Drivers

Louisiana-Pacific Corporation has posted strong results for the second quarter of 2024, demonstrating growth, margin expansion, and effective...

Baptista Research

Louisiana-Pacific Corporation: Will Their Efforts Towards Optimization of Production and Operational Efficiency Improve The Bottom-Line? - Major Drivers

Louisiana-Pacific Corporation showcased a robust performance in the first quarter of 2024, notably driven by strong outcomes from both the Siding...

Baptista Research

Louisiana-Pacific Corporation: Initiation Of Coverage - What Is Its Core Business Strategy & The Impact Of Volume Sensitivity? - Major Drivers

Louisiana-Pacific Corporation (LP) emerged from 2023 with a much stronger finish than its beginning due to the impressive performance of its...

Baptista Research