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 Mosaic Company's recent earnings for the third quarter of 2024 shed light on a period marked by both operational challenges and strategic transitions.</li><li>The company, a key player in the fertilizer industry, faced disruptions due to hurricanes in the U.S., electrical issues at potash mines in Esterhazy and Colonsay, and was also affected by a broad Canadian rail strike.</li><li>Despite these obstacles, The Mosaic Company managed to report revenues of $2.8 billion, with a net income of $122 million and adjusted EBITDA of $448 million.</li></ul>

The Mosaic Company's recent earnings for the third quarter of 2024 shed light on a period marked by both operational challenges and strategic transitions.The company, a key player in the fertilizer industry, faced disruptions due to hurricanes in the U.S., electrical issues at potash mines in Esterhazy and Colonsay, and was also affected by a broad Canadian rail strike.Despite these obstacles, The Mosaic Company managed to report revenues of $2.8 billion, with a net income of $122 million and adjusted EBITDA of $448 million.

The Mosaic Company: How Its Brazilian Market Expansion Driving Our ‘Outperform’ Rating! - Major Drivers

<ul><li>The Mosaic Company's second quarter 2024 earnings were a mixed set of results amidst striving for strategic and operational enhancements during a challenging operational backdrop.</li><li>The company reported an adjusted EBITDA of $584 million and revenues of $2.8 billion, which, when compared with the previous year's $744 million EBITDA and $3.4 billion in revenues, marked a noticeable decrease.</li><li>This decline is reflective of the tougher conditions in the market yet shows resilience given the macroeconomic pressures and fluctuating demand patterns across different geographies.</li></ul>

The Mosaic Company's second quarter 2024 earnings were a mixed set of results amidst striving for strategic and operational enhancements during a challenging operational backdrop.The company reported an adjusted EBITDA of $584 million and revenues of $2.8 billion, which, when compared with the previous year's $744 million EBITDA and $3.4 billion in revenues, marked a noticeable decrease.This decline is reflective of the tougher conditions in the market yet shows resilience given the macroeconomic pressures and fluctuating demand patterns across different geographies.

The Mosaic Company: Enhanced Potash & Phosphate Projections & Their Expected Impact On The Top-Line! - Major Drivers

<ul><li>The Mosaic Company's first quarter 2024 earnings results showed a positive revenue growth and promising expansion initiatives.</li><li>The company generated adjusted EBITDA of $576 million on revenues of $2.7 billion.</li><li>However, Mosaic's financial performance also included some challenges which the executive team plans to address moving forward.</li></ul>

The Mosaic Company's first quarter 2024 earnings results showed a positive revenue growth and promising expansion initiatives.The company generated adjusted EBITDA of $576 million on revenues of $2.7 billion.However, Mosaic's financial performance also included some challenges which the executive team plans to address moving forward.

The Mosaic Company: Significant Structural Changes Prompting Tightness in Global Phosphate and Potash Markets! - Major Drivers

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

China Bluechemical Ltd H / Equity Bottom-Up

<ul>
<li>A play on higher food and energy prices going forward</li>
<li>Natural Gas moving up from multi-year lows will support fertiliser prices going forward</li>
<li>A Low valuation with a solid balance sheet lowers the risk</li>
</ul>


A play on higher food and energy prices going forward
Natural Gas moving up from multi-year lows will support fertiliser prices going forward
A Low valuation with a solid balance sheet lowers the risk


China Bluechemical Ltd (3983.HK) - Fertiliser Pricing on the Up

<ul><li>The Mosaic Company's fourth quarter and full year 2023 earnings highlighted robust phosphate markets and an expected recovery of demand for potash.</li><li>Mosaic's CEO, Bruce Bodine, spoke positively about their financial performance in 2023, with reported revenue of $13.7 billion and adjusted EBITDA of $2.8 billion, along with investing $1.4 billion in the business and returning $1.1 billion to shareholders through share repurchases.</li><li>One positive takeaway from the call was the strong phosphate market conditions, resulting from tight supply due to China's fertilizer export restrictions and limited capacity additions in the short term.</li></ul>

The Mosaic Company's fourth quarter and full year 2023 earnings highlighted robust phosphate markets and an expected recovery of demand for potash.Mosaic's CEO, Bruce Bodine, spoke positively about their financial performance in 2023, with reported revenue of $13.7 billion and adjusted EBITDA of $2.8 billion, along with investing $1.4 billion in the business and returning $1.1 billion to shareholders through share repurchases.One positive takeaway from the call was the strong phosphate market conditions, resulting from tight supply due to China's fertilizer export restrictions and limited capacity additions in the short term.

The Mosaic Company: Stable Demand & Potash Production Increase Catalyzing Growth? - Major Drivers

United States

The Mosaic Company produces and distributes crop nutrients to the agricultural communities located in North America and other countries.  The Company's principal products include concentrated phosphates, and potash.

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Mosaic Co/The (MOS US)

The Mosaic Company: How Its Brazilian Market Expansion Driving Our ‘Outperform’ Rating! - Major Drivers

The Mosaic Company's recent earnings for the third quarter of 2024 shed light on a period marked by both operational challenges and strategic...

Baptista Research

The Mosaic Company: Enhanced Potash & Phosphate Projections & Their Expected Impact On The Top-Line! - Major Drivers

The Mosaic Company's second quarter 2024 earnings were a mixed set of results amidst striving for strategic and operational enhancements during a...

Baptista Research

The Mosaic Company: Significant Structural Changes Prompting Tightness in Global Phosphate and Potash Markets! - Major Drivers

The Mosaic Company's first quarter 2024 earnings results showed a positive revenue growth and promising expansion initiatives. The company...

Baptista Research

China Bluechemical Ltd (3983.HK) - Fertiliser Pricing on the Up

Investors can capitalize on rising food and energy prices in this fertiliser stock poised for an upswing, with a low valuation and a strong...

Rikki Malik

The Mosaic Company: Stable Demand & Potash Production Increase Catalyzing Growth? - Major Drivers

The Mosaic Company's fourth quarter and full year 2023 earnings highlighted robust phosphate markets and an expected recovery of demand for...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

The Mosaic Company: How Its Brazilian Market Expansion Driving Our ‘Outperform’ Rating! - Major Drivers

The Mosaic Company's recent earnings for the third quarter of 2024 shed light on a period marked by both operational challenges and strategic...

Baptista Research

The Mosaic Company: Enhanced Potash & Phosphate Projections & Their Expected Impact On The Top-Line! - Major Drivers

The Mosaic Company's second quarter 2024 earnings were a mixed set of results amidst striving for strategic and operational enhancements during a...

Baptista Research

The Mosaic Company: Significant Structural Changes Prompting Tightness in Global Phosphate and Potash Markets! - Major Drivers

The Mosaic Company's first quarter 2024 earnings results showed a positive revenue growth and promising expansion initiatives. The company...

Baptista Research

China Bluechemical Ltd (3983.HK) - Fertiliser Pricing on the Up

​Investors can capitalize on rising food and energy prices in this fertiliser stock poised for an upswing, with a low valuation and a strong...

Rikki Malik

The Mosaic Company: Stable Demand & Potash Production Increase Catalyzing Growth? - Major Drivers

The Mosaic Company's fourth quarter and full year 2023 earnings highlighted robust phosphate markets and an expected recovery of demand for...

Baptista Research

Investors can capitalize on rising food and energy prices in this fertiliser stock poised for an upswing, with a low valuation and a strong...