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>MSCI, a global provider of benchmark indices enjoyed robust operating metrics for its fourth quarter of 2023, showcasing strong financial performance despite global headwinds.</li><li>The company reported nearly 30% growth in adjusted earnings per share, a considerable 15% surge in organic revenue, and a 24% increase in free cash flow growth.</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>

MSCI, a global provider of benchmark indices enjoyed robust operating metrics for its fourth quarter of 2023, showcasing strong financial performance despite global headwinds.The company reported nearly 30% growth in adjusted earnings per share, a considerable 15% surge in organic revenue, and a 24% increase in free cash flow growth.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.

MSCI Inc.: Expansion Into Private Capital Solutions & 5 Key Drivers

<ul><li>MSCI delivered a mixed set of results for the previous quarter, with revenues below the analyst consensus.</li><li>MSCI reported a robust 21% growth in adjusted earnings per share, a 12% increase in total revenue, a recurring subscription run rate surge of 12%, and an impressive retention rate of 95.4%.</li><li>With Burgiss now part of MSCI, the company boasts the world's largest high-quality private asset class database, exceeding $60 trillion in assets.</li></ul>

MSCI delivered a mixed set of results for the previous quarter, with revenues below the analyst consensus.MSCI reported a robust 21% growth in adjusted earnings per share, a 12% increase in total revenue, a recurring subscription run rate surge of 12%, and an impressive retention rate of 95.4%.With Burgiss now part of MSCI, the company boasts the world's largest high-quality private asset class database, exceeding $60 trillion in assets.

MSCI Inc.: Can The Acquisition Of Trove Research Be A Game Changer? - Major Drivers

Alpha-Centric ESG Research

Kyle Rudden

<ul>
<li>Despite the rough market for ESG-related indexed funds recently, <a href="https://www.smartkarma.com/entities/msci-inc" target="_blank" data-smartkarma-citation="entities:17865:1" rel="noopener">MSCI (MSCI US)</a> continues to increase its market share and solidify its already dominant position as the top indexer.</li>
<li>MSCI ESG-related indexes currently have a 67% (and still growing) market share of the overall ESG indexing ecosystem with nearly US$250 billion in index-linked ETF assets globally.</li>
<li>MSCI's dominant market position is even stronger in important ESG niches/verticals, and two in particular: 1) climate change-focused indexes, and 2) Asia-Pacific ESG markets.</li>
</ul>


Despite the rough market for ESG-related indexed funds recently, MSCI (MSCI US) continues to increase its market share and solidify its already dominant position as the top indexer.
MSCI ESG-related indexes currently have a 67% (and still growing) market share of the overall ESG indexing ecosystem with nearly US$250 billion in index-linked ETF assets globally.
MSCI's dominant market position is even stronger in important ESG niches/verticals, and two in particular: 1) climate change-focused indexes, and 2) Asia-Pacific ESG markets.


MSCI ESG Indexes Gaining in Market Share Despite ESG's Recent "Bear Market"

<ul><li>This is our first report on global financial data and analytics behemoth, MSCI Inc.</li><li>Despite facing challenging external circumstances, MSCI reported strong Q1 results reflected in the quarter's key figures, which included over 5% growth in adjusted EPS, 12% organic subscription run rate growth, and over 95% retention rate.</li><li>Notably, the company recorded its 37th consecutive quarter of double-digit run rate growth in index recurring subscriptions.</li></ul>

This is our first report on global financial data and analytics behemoth, MSCI Inc.Despite facing challenging external circumstances, MSCI reported strong Q1 results reflected in the quarter's key figures, which included over 5% growth in adjusted EPS, 12% organic subscription run rate growth, and over 95% retention rate.Notably, the company recorded its 37th consecutive quarter of double-digit run rate growth in index recurring subscriptions.

MSCI Inc: Initiation of Coverage – Recent Collaborations & Other Drivers

<ul>
<li>The Monetary Authority of Singapore (MAS) recently launched a public consultation regarding a Code of Conduct for ESG ratings providers and ESG data product providers in Singapore.</li>
<li>It is the right approach for Singapore – a <em>voluntary</em> best-practices framework furthering one of the world's most credible "green" economies, not a regulatory force-fix of something broken.</li>
<li>No surprise ratings methodology changes. No <em>en masse</em> upgrades/downgrades. No acute shocks to the system. Just slow and steady progress for ESG investing and finance in Singapore.</li>
</ul>


The Monetary Authority of Singapore (MAS) recently launched a public consultation regarding a Code of Conduct for ESG ratings providers and ESG data product providers in Singapore.
It is the right approach for Singapore – a voluntary best-practices framework furthering one of the world's most credible "green" economies, not a regulatory force-fix of something broken.
No surprise ratings methodology changes. No en masse upgrades/downgrades. No acute shocks to the system. Just slow and steady progress for ESG investing and finance in Singapore.


Singapore Code of Conduct for ESG Ratings Is Less Risk and More Reward

United States

MSCI Inc. provides investment decision support tools to investment institutions worldwide. The Company produces indices and risk and return portfolio analytics for use in managing investment portfolios.

MSCI Inc (MSCI US)

MSCI Inc.: Expansion Into Private Capital Solutions & 5 Key Drivers

MSCI, a global provider of benchmark indices enjoyed robust operating metrics for its fourth quarter of 2023, showcasing strong financial...

Baptista Research

MSCI Inc.: Can The Acquisition Of Trove Research Be A Game Changer? - Major Drivers

MSCI delivered a mixed set of results for the previous quarter, with revenues below the analyst consensus. MSCI reported a robust 21% growth in...

Baptista Research

MSCI Inc: Initiation of Coverage – Recent Collaborations & Other Drivers

This is our first report on global financial data and analytics behemoth, MSCI Inc. Despite facing challenging external circumstances, MSCI...

Baptista Research

Singapore Code of Conduct for ESG Ratings Is Less Risk and More Reward

Singapore's Code of Conduct for ESG ratings is more light-handed than other regulation-based approaches, but therein lies the "less risk and more...

Kyle Rudden

MSCI Inc.: Expansion Into Private Capital Solutions & 5 Key Drivers

MSCI, a global provider of benchmark indices enjoyed robust operating metrics for its fourth quarter of 2023, showcasing strong financial...

Baptista Research

MSCI Inc.: Can The Acquisition Of Trove Research Be A Game Changer? - Major Drivers

MSCI delivered a mixed set of results for the previous quarter, with revenues below the analyst consensus. MSCI reported a robust 21% growth in...

Baptista Research

MSCI ESG Indexes Gaining in Market Share Despite ESG's Recent "Bear Market"

It's been rough for ESG index funds and the ESG indexers that index them. Not for MSCI, though. MSCI continues to gain market share and solidify...

Kyle Rudden

MSCI Inc: Initiation of Coverage – Recent Collaborations & Other Drivers

This is our first report on global financial data and analytics behemoth, MSCI Inc. Despite facing challenging external circumstances, MSCI...

Baptista Research

Singapore Code of Conduct for ESG Ratings Is Less Risk and More Reward

Singapore's Code of Conduct for ESG ratings is more light-handed than other regulation-based approaches, but therein lies the "less risk and more...

Kyle Rudden