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>In the first quarter of 2024, Otis Worldwide Corporation reported a solid performance, reinforcing the continued robustness of its Service-driven business model as the company achieved mid-single digit organic sales growth, led by its Service business.</li><li>Both Service and New Equipment operating profit margins expanded by 80 and 20 basis points respectively, contributing to a 10% increase in adjusted EPS 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>

In the first quarter of 2024, Otis Worldwide Corporation reported a solid performance, reinforcing the continued robustness of its Service-driven business model as the company achieved mid-single digit organic sales growth, led by its Service business.Both Service and New Equipment operating profit margins expanded by 80 and 20 basis points respectively, contributing to a 10% increase in adjusted EPS 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.

Otis Worldwide Corporation: How Are The Market Conditions in China Impacting Their Growth? - Major Drivers

<ul><li>Otis Worldwide Corporation, a leading manufacturer and service provider for elevators, escalators, and moving walkways, is entering 2024 with confidence attributed to its strong full-year performance in 2023.</li><li>Their service-driven business model facilitated a total organic sales growth of 5.6%, driven by Service, which saw a growth of 7.7%.</li><li>The growth in the industry-leading maintenance portfolio reached a record high of 4.2% for the year.</li></ul>

Otis Worldwide Corporation, a leading manufacturer and service provider for elevators, escalators, and moving walkways, is entering 2024 with confidence attributed to its strong full-year performance in 2023.Their service-driven business model facilitated a total organic sales growth of 5.6%, driven by Service, which saw a growth of 7.7%.The growth in the industry-leading maintenance portfolio reached a record high of 4.2% for the year.

Otis Worldwide Corporation: A Story Of New Equipment Sales and Margin Expansion! - Major Drivers

<ul><li>Otis Worldwide managed to surpass the revenue and earnings expectations of Wall Street.</li><li>Otis also achieved significant milestones in innovation, launching the Gen3 Core elevator and securing major projects globally.</li><li>Looking ahead, Otis' management has raised its 2023 outlook, and with the launch of the UpLift program, the company aims to drive efficiency and sustainable growth for the future.</li></ul>

Otis Worldwide managed to surpass the revenue and earnings expectations of Wall Street.Otis also achieved significant milestones in innovation, launching the Gen3 Core elevator and securing major projects globally.Looking ahead, Otis' management has raised its 2023 outlook, and with the launch of the UpLift program, the company aims to drive efficiency and sustainable growth for the future.

Otis Worldwide Corporation: Expanded Northeast U.S. Presence With The Bay State Elevator Acquisition To Boost Growth? – Key Drivers

<ul><li>Despite ongoing market volatility, Otis Worldwide Corporation produced a good first quarter to begin 2023, delivering an all-around beat.</li><li>Otis's service division's contribution to organic sales growth allowed it to increase adjusted service operating profit margins by 40 basis points, which resulted in mid-single-digit adjusted EPS growth.</li><li>We give Otis Worldwide Corporation a 'Hold' rating with a revised target price.</li></ul>

Despite ongoing market volatility, Otis Worldwide Corporation produced a good first quarter to begin 2023, delivering an all-around beat.Otis's service division's contribution to organic sales growth allowed it to increase adjusted service operating profit margins by 40 basis points, which resulted in mid-single-digit adjusted EPS growth.We give Otis Worldwide Corporation a 'Hold' rating with a revised target price.

Otis Worldwide Corporation: The Moat Source That Helps It Thrive In An Oligopolistic Market – Major Drivers

<ul><li>Otis entered the year with good momentum and delivered an all-around beat with improved organic growth in its last result as it continues to execute its four strategic pillars – advancing digitization, accelerating service portfolio growth, and sustaining new equipment growth while focusing on and empowering the organization.</li><li>Strong service performance, particularly on price and volume, was partially offset by commodities in new equipment, mixed headwinds, and higher corporate costs.</li><li>The pricing on new equipment orders in the quarter rose, led by the Americas, with a solid performance in APAC and EMEA.</li></ul>

Otis entered the year with good momentum and delivered an all-around beat with improved organic growth in its last result as it continues to execute its four strategic pillars – advancing digitization, accelerating service portfolio growth, and sustaining new equipment growth while focusing on and empowering the organization.Strong service performance, particularly on price and volume, was partially offset by commodities in new equipment, mixed headwinds, and higher corporate costs.The pricing on new equipment orders in the quarter rose, led by the Americas, with a solid performance in APAC and EMEA.

Otis Worldwide: Equipment Growth & Acceleration Of Service Portfolio – Key Drivers

United States

Otis Worldwide Corporation manufactures, installs, and services building systems. The Company offers elevators, escalators, and other moving products. Otis Worldwide serves customers worldwide.

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Otis Worldwide (OTIS US)

Otis Worldwide Corporation: How Are The Market Conditions in China Impacting Their Growth? - Major Drivers

In the first quarter of 2024, Otis Worldwide Corporation reported a solid performance, reinforcing the continued robustness of its Service-driven...

Baptista Research

Otis Worldwide Corporation: A Story Of New Equipment Sales and Margin Expansion! - Major Drivers

Otis Worldwide Corporation, a leading manufacturer and service provider for elevators, escalators, and moving walkways, is entering 2024 with...

Baptista Research

Otis Worldwide Corporation: Expanded Northeast U.S. Presence With The Bay State Elevator Acquisition To Boost Growth? – Key Drivers

Otis Worldwide managed to surpass the revenue and earnings expectations of Wall Street. Otis also achieved significant milestones in innovation,...

Baptista Research

Otis Worldwide Corporation: The Moat Source That Helps It Thrive In An Oligopolistic Market – Major Drivers

Despite ongoing market volatility, Otis Worldwide Corporation produced a good first quarter to begin 2023, delivering an all-around beat. Otis's...

Baptista Research

Otis Worldwide: Equipment Growth & Acceleration Of Service Portfolio – Key Drivers

Otis entered the year with good momentum and delivered an all-around beat with improved organic growth in its last result as it continues to...

Baptista Research

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