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>Murphy USA's recent earnings call provided a nuanced picture of its current financial health and strategic trajectory.</li><li>As noted, the company faced a shift in leadership with Andrew Clyde announcing his retirement, transitioning to Mindy West as the future CEO.</li><li>This leadership transition is expected to maintain continuity in Murphy USA’s strategic focus, particularly on capital allocation and market positioning.</li></ul>

Murphy USA's recent earnings call provided a nuanced picture of its current financial health and strategic trajectory.As noted, the company faced a shift in leadership with Andrew Clyde announcing his retirement, transitioning to Mindy West as the future CEO.This leadership transition is expected to maintain continuity in Murphy USA’s strategic focus, particularly on capital allocation and market positioning.

Murphy USA: Is the Shift to Noncombustible Nicotine Products a Game-Changer?

<ul><li>Murphy USA Inc. has reported its financial results for the second quarter of 2025, reflecting both positive advancements and certain challenges in its operations.</li><li>The company's performance during the quarter was influenced by varied market factors, including geopolitically induced stable fuel prices, evolving consumer trends, and operational enhancements.</li><li>Fuel volume trends indicated a decline, with same-store fuel volumes down by 3.2% compared to the prior year.</li></ul>

Murphy USA Inc. has reported its financial results for the second quarter of 2025, reflecting both positive advancements and certain challenges in its operations.The company's performance during the quarter was influenced by varied market factors, including geopolitically induced stable fuel prices, evolving consumer trends, and operational enhancements.Fuel volume trends indicated a decline, with same-store fuel volumes down by 3.2% compared to the prior year.

Murphy USA Is Doubling Down on Store Growth—Why Its 50/50 Capital Strategy Is a Game-Changer!

<ul><li>Murphy USA Inc. presented its first quarter results for 2025, offering insights into the company's current performance and forward-looking strategies.</li><li>The company reported varying impacts on its operations, citing temporal, cyclical, and structural factors.</li><li>During the quarter, Murphy USA faced several non-recurring temporal challenges, notably the absence of a leap year and varying timing of Easter, coupled with unanticipated severe weather.</li></ul>

Murphy USA Inc. presented its first quarter results for 2025, offering insights into the company's current performance and forward-looking strategies.The company reported varying impacts on its operations, citing temporal, cyclical, and structural factors.During the quarter, Murphy USA faced several non-recurring temporal challenges, notably the absence of a leap year and varying timing of Easter, coupled with unanticipated severe weather.

Murphy USA: Expanding Store Footprint & Enhanced Store Productivity to Fortify Its Competitive Positioning!

<ul><li>Murphy USA recently reported its fourth-quarter and full-year 2024 financial results, presenting a mixed performance and outlook.</li><li>The company reported an EBITDA of just over $1 billion for 2024, indicating strong revenue capabilities despite several challenges throughout the year.</li><li>The notable positives include growth in perstore merchandise sales and margin, along with robust retail fuel margins, which improved by 50 basis points to $0.281 per gallon.</li></ul>

Murphy USA recently reported its fourth-quarter and full-year 2024 financial results, presenting a mixed performance and outlook.The company reported an EBITDA of just over $1 billion for 2024, indicating strong revenue capabilities despite several challenges throughout the year.The notable positives include growth in perstore merchandise sales and margin, along with robust retail fuel margins, which improved by 50 basis points to $0.281 per gallon.

Murphy USA Inc.: Can Merchandising Contribution & Growth Catalyze Growth?

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Event-Driven

<ul>
<li>If indeed the company proceeds with 2 trillion yen buyback over five years, this would represent buyback of about 7.3% of its shares per year (37% of market cap). </li>
<li>Seven &amp; I Holdings' plans to massively buyback shares and IPO its North American CVS business are major catalysts that should have positive impact both near and long term. </li>
<li>Certainly, the company's action plan to sell its non-core assets (including supermarket, restaurant, and specialty stores) to Bain Capital for $5.5 billion is a step in the right direction.</li>
</ul>


If indeed the company proceeds with 2 trillion yen buyback over five years, this would represent buyback of about 7.3% of its shares per year (37% of market cap). 
Seven &amp; I Holdings' plans to massively buyback shares and IPO its North American CVS business are major catalysts that should have positive impact both near and long term. 
Certainly, the company's action plan to sell its non-core assets (including supermarket, restaurant, and specialty stores) to Bain Capital for $5.5 billion is a step in the right direction.


Seven & I Holdings: Mega Share Buyback Plan and IPO of North American CVS Unit to Boost Share Price

United States

Murphy USA Inc. produces and distributes petroleum products. The Company engages in refining, marketing, and transportation of oil and gas products. Murphy USA provides products and services worldwide.

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Murphy Usa Inc (MUSA US)

Murphy USA: Is the Shift to Noncombustible Nicotine Products a Game-Changer?

Murphy USA's recent earnings call provided a nuanced picture of its current financial health and strategic trajectory. As noted, the company faced...

Baptista Research

Murphy USA Is Doubling Down on Store Growth—Why Its 50/50 Capital Strategy Is a Game-Changer!

Murphy USA Inc. has reported its financial results for the second quarter of 2025, reflecting both positive advancements and certain challenges in...

Baptista Research

Murphy USA: Expanding Store Footprint & Enhanced Store Productivity to Fortify Its Competitive Positioning!

Murphy USA Inc. presented its first quarter results for 2025, offering insights into the company's current performance and forward-looking...

Baptista Research

Murphy USA Inc.: Can Merchandising Contribution & Growth Catalyze Growth?

Murphy USA recently reported its fourth-quarter and full-year 2024 financial results, presenting a mixed performance and outlook. The company...

Baptista Research

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Murphy USA: Is the Shift to Noncombustible Nicotine Products a Game-Changer?

Murphy USA's recent earnings call provided a nuanced picture of its current financial health and strategic trajectory. As noted, the company faced...

Baptista Research

Murphy USA Is Doubling Down on Store Growth—Why Its 50/50 Capital Strategy Is a Game-Changer!

Murphy USA Inc. has reported its financial results for the second quarter of 2025, reflecting both positive advancements and certain challenges in...

Baptista Research

Murphy USA: Expanding Store Footprint & Enhanced Store Productivity to Fortify Its Competitive Positioning!

Murphy USA Inc. presented its first quarter results for 2025, offering insights into the company's current performance and forward-looking...

Baptista Research

Murphy USA Inc.: Can Merchandising Contribution & Growth Catalyze Growth?

Murphy USA recently reported its fourth-quarter and full-year 2024 financial results, presenting a mixed performance and outlook. The company...

Baptista Research

Seven & I Holdings: Mega Share Buyback Plan and IPO of North American CVS Unit to Boost Share Price

Seven & I Holdings' plans to massively buyback shares and IPO its North American CVS business are major catalysts that should have positive impact...

Douglas Kim