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>O'Reilly Automotive, Inc. recently reported their fourth quarter and full year 2024 results, accompanied by their outlook for 2025.</li><li>The company managed to sustain a challenging year in the automotive aftermarket space, delivering modest growth and maintaining their commitment to customer service.</li><li>Strategic adaptability has been key as they navigate ongoing industry headwinds.</li></ul>

O'Reilly Automotive, Inc. recently reported their fourth quarter and full year 2024 results, accompanied by their outlook for 2025.The company managed to sustain a challenging year in the automotive aftermarket space, delivering modest growth and maintaining their commitment to customer service.Strategic adaptability has been key as they navigate ongoing industry headwinds.

O'Reilly Automotive: What Is The Hidden Profit Engine Driving Its Market Expansion?

Independent in-depth research from Finimize, Finimize

Finimize Research

Independent in-depth research from Finimize

Finimize

Finimize is the #1 information platform for modern investors. We empower people to become smarter investors with bitesize insights from world-class analysts. 1 million+ strong community, 250 partners.

Thematic (Sector/Industry)

<ul>
<li>The US economy’s resilience hasn’t come from the many – it’s come from the top 10% as the “wealth effect” from rising asset prices has boosted spending.</li>
<li>But it works in reverse too.  Since the richest make up nearly half of America’s consumer spending, that could lead to a serious economic fallout.</li>
<li>It’s worth considering protecting your portfolio. I’ve pulled together one list of companies that should do well and another that could suffer from the change in climate.</li>
</ul>


The US economy’s resilience hasn’t come from the many – it’s come from the top 10% as the “wealth effect” from rising asset prices has boosted spending.
But it works in reverse too.  Since the richest make up nearly half of America’s consumer spending, that could lead to a serious economic fallout.
It’s worth considering protecting your portfolio. I’ve pulled together one list of companies that should do well and another that could suffer from the change in climate.


A Defensive Portfolio Prepared For The Wealth Effect’s Reversal

<ul><li>O'Reilly Automotive, Incorporated provided an overview of its financial performance and strategic initiatives in its third quarter 2024 earnings.</li><li>The company, which operates a vast network of automotive parts stores across North America, disclosed a mixed set of results that reflect both the ongoing challenges and opportunities in the automotive parts industry.In terms of sales performance, O'Reilly Automotive reported a 1.5% increase in comparable store sales for the third quarter.</li><li>This increment, while positive, was considered below the company’s high performance standards, especially given the robust growth in previous years.</li></ul>

O'Reilly Automotive, Incorporated provided an overview of its financial performance and strategic initiatives in its third quarter 2024 earnings.The company, which operates a vast network of automotive parts stores across North America, disclosed a mixed set of results that reflect both the ongoing challenges and opportunities in the automotive parts industry.In terms of sales performance, O'Reilly Automotive reported a 1.5% increase in comparable store sales for the third quarter.This increment, while positive, was considered below the company’s high performance standards, especially given the robust growth in previous years.

O'Reilly Automotive Inc.: An Insight Into Its Industry Dynamics and Market Share Strategy! - Major Drivers

Global Mobility/Transport, Equity Long-Short

Mohshin Aziz

<ul>
<li>
<a href="https://www.smartkarma.com/entities/tuhu-car-inc" target="_blank" data-smartkarma-citation="entities:36012:1" rel="noopener">Tuhu Car (9690 HK)</a> is poised to capture the lion share of China's automotive aftersales service industry that is forecasted to grow at 7.3% CAGR from 2023:30. </li>
<li>Tuhu is on an inflection of high earnings growth (+30% CAGR) as it has reached scalability, cost efficiency, and its younger shops are maturing profitably.    </li>
<li>Our fair value of HKD24 implies 25x FY25 PE - average for US peers. A bargain with 3-year CAGR of 30%, net cash, and churns high free cash flow.</li>
</ul>



Tuhu Car (9690 HK) is poised to capture the lion share of China's automotive aftersales service industry that is forecasted to grow at 7.3% CAGR from 2023:30. 
Tuhu is on an inflection of high earnings growth (+30% CAGR) as it has reached scalability, cost efficiency, and its younger shops are maturing profitably.    
Our fair value of HKD24 implies 25x FY25 PE - average for US peers. A bargain with 3-year CAGR of 30%, net cash, and churns high free cash flow.


Tuhu Car (9690 HK | BUY | TP:HKD24): Poised to Capture China's Auto Aftersales Service Market

<ul><li>O'Reilly Automotive, Inc. faced a challenging second quarter in 2024, with performance below expectations due to broader industry demand headwinds.</li><li>Despite these challenges, the company reported a 2.3% increase in comparable store sales, continuing to outperform the industry.</li><li>Adjustments in full-year outlook for operating profit and earnings per share were made following these results.</li></ul>

O'Reilly Automotive, Inc. faced a challenging second quarter in 2024, with performance below expectations due to broader industry demand headwinds.Despite these challenges, the company reported a 2.3% increase in comparable store sales, continuing to outperform the industry.Adjustments in full-year outlook for operating profit and earnings per share were made following these results.

O'Reilly Automotive Inc.: What Major Challenges Did They Face & How Is The Management Overcoming Them? - Major Drivers

United States

O'Reilly Automotive, Inc. retails and supplies automotive aftermarket parts, tools, supplies, equipment, and accessories.  The Company sells its products to do-it-yourself customers and professional mechanics or service technicians. O'Reilly operates stores throughout the United States.

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O'Reilly Automotive (ORLY US)

O'Reilly Automotive: What Is The Hidden Profit Engine Driving Its Market Expansion?

O'Reilly Automotive, Inc. recently reported their fourth quarter and full year 2024 results, accompanied by their outlook for 2025. The company...

Baptista Research

A Defensive Portfolio Prepared For The Wealth Effect’s Reversal

The top 10% account for around 50% of consumer spending in the US. This insight looks at the sectors and companies that could win and lose from the...

Finimize Research

Tuhu Car (9690 HK | BUY | TP:HKD24): Poised to Capture China's Auto Aftersales Service Market

Tuhu Car (9690 HK) set to dominate China's automotive aftersales industry with high earnings growth potential and attractive valuation.

Mohshin Aziz

O'Reilly Automotive Inc.: What Major Challenges Did They Face & How Is The Management Overcoming Them? - Major Drivers

O'Reilly Automotive, Inc. faced a challenging second quarter in 2024, with performance below expectations due to broader industry demand...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

O'Reilly Automotive: What Is The Hidden Profit Engine Driving Its Market Expansion?

O'Reilly Automotive, Inc. recently reported their fourth quarter and full year 2024 results, accompanied by their outlook for 2025. The company...

Baptista Research

A Defensive Portfolio Prepared For The Wealth Effect’s Reversal

The top 10% account for around 50% of consumer spending in the US. This insight looks at the sectors and companies that could win and lose from the...

Finimize Research

O'Reilly Automotive Inc.: An Insight Into Its Industry Dynamics and Market Share Strategy! - Major Drivers

O'Reilly Automotive, Incorporated provided an overview of its financial performance and strategic initiatives in its third quarter 2024...

Baptista Research

Tuhu Car (9690 HK | BUY | TP:HKD24): Poised to Capture China's Auto Aftersales Service Market

​Tuhu Car (9690 HK) set to dominate China's automotive aftersales industry with high earnings growth potential and attractive valuation.

Mohshin Aziz

O'Reilly Automotive Inc.: What Major Challenges Did They Face & How Is The Management Overcoming Them? - Major Drivers

O'Reilly Automotive, Inc. faced a challenging second quarter in 2024, with performance below expectations due to broader industry demand...

Baptista Research

Tuhu Car (9690 HK) set to dominate China's automotive aftersales industry with high earnings growth potential and attractive valuation.