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.

Credit

<ul><li>PepsiCo delivered a strong top-line result and a growth of 8% in organic sales.</li><li>The performance of the business was driven by both its food and beverages categories.</li><li>The company has emerged with huge momentum in the business as well in the top-line with the supply chain managed well despite various headwinds.</li></ul>

PepsiCo delivered a strong top-line result and a growth of 8% in organic sales.The performance of the business was driven by both its food and beverages categories.The company has emerged with huge momentum in the business as well in the top-line with the supply chain managed well despite various headwinds.

PepsiCo Inc.: Financial & Price Forecasts

<ul><li>Despite geopolitical pressures, PepsiCo appears to be set for a relatively stable 2022 ahead which is expected to be driven by a decent performance in both, its convenient foods and beverages categories.</li><li>Based on our credit analysis, the company merits a Credit Evaluation Score of Aα with a stable outlook and as per our Financial Strength Indicator, its performance is 4.14/ 5.</li><li>Baptista Research looks to evaluate the different credit strengths and credit risks of the company as well as a line-by-line analysis of the financial statements of the company for the past four years.</li></ul>

Despite geopolitical pressures, PepsiCo appears to be set for a relatively stable 2022 ahead which is expected to be driven by a decent performance in both, its convenient foods and beverages categories.Based on our credit analysis, the company merits a Credit Evaluation Score of Aα with a stable outlook and as per our Financial Strength Indicator, its performance is 4.14/ 5.Baptista Research looks to evaluate the different credit strengths and credit risks of the company as well as a line-by-line analysis of the financial statements of the company for the past four years.

PepsiCo Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

<ul><li>PepsiCo had a decent fourth quarterly result and appears to be set for a relatively stable 2022 ahead backed by the decent performance of both, it’s convenient foods and beverages categories.</li><li>Moreover, PepsiCo is seeing growth in Rockstar both in areas where it's more developed, such as areas of the country, and in new areas, where the distribution system is making a difference.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

PepsiCo had a decent fourth quarterly result and appears to be set for a relatively stable 2022 ahead backed by the decent performance of both, it’s convenient foods and beverages categories.Moreover, PepsiCo is seeing growth in Rockstar both in areas where it's more developed, such as areas of the country, and in new areas, where the distribution system is making a difference.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

<ul><li>PepsiCo is gradually becoming more and more competitive across both, snacks and beverage categories in most of the markets because of the heavy investments they have been making in brand building.</li><li>PepsiCo has clearly shifted focus from many non-essential brands and allocated more resources towards the right products.</li><li>Baptista Research looks to evaluate the different credit strengths and credit risks of PepsiCo as well as a line-by-line analysis of the financial statements of the company for the past four years.</li></ul>

PepsiCo is gradually becoming more and more competitive across both, snacks and beverage categories in most of the markets because of the heavy investments they have been making in brand building.PepsiCo has clearly shifted focus from many non-essential brands and allocated more resources towards the right products.Baptista Research looks to evaluate the different credit strengths and credit risks of PepsiCo as well as a line-by-line analysis of the financial statements of the company for the past four years.

PepsiCo Inc: Detailed Credit Analysis & Financial Strength Evaluation Report (01/2022)

Value Investing

Vladimir Dimitrov, CFA

Equity Bottom-Up

<ul>
<li>Coca-Cola's share price continues to outperform, while it is still attractively priced relative to peers.</li>
<li>High free cash flow generation and industry leading profitability set the company apart, even from the other leaders in beverages.</li>
<li>Although the company's strong international exposure results in lower return on capital, it offers a major competitive advantage.</li>
</ul>


Coca-Cola's share price continues to outperform, while it is still attractively priced relative to peers.
High free cash flow generation and industry leading profitability set the company apart, even from the other leaders in beverages.
Although the company's strong international exposure results in lower return on capital, it offers a major competitive advantage.


United States

PepsiCo, Inc. operates worldwide beverage, snack and food businesses. The Company manufactures or uses contract manufacturers, markets and sells a variety of grain-based snacks, carbonated and non-carbonated beverages and foods in countries throughout the world.

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Pepsico Inc (PEP US)

PepsiCo Inc.: Financial & Price Forecasts

PepsiCo delivered a strong top-line result and a growth of 8% in organic sales. The performance of the business was driven by both its food and...

Baptista Research

PepsiCo Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Despite geopolitical pressures, PepsiCo appears to be set for a relatively stable 2022 ahead which is expected to be driven by a decent...

Baptista Research

PepsiCo Inc.: Financial & Price Forecasts

PepsiCo had a decent fourth quarterly result and appears to be set for a relatively stable 2022 ahead backed by the decent performance of both,...

Baptista Research

PepsiCo Inc: Detailed Credit Analysis & Financial Strength Evaluation Report (01/2022)

PepsiCo is gradually becoming more and more competitive across both, snacks and beverage categories in most of the markets because of the heavy...

Baptista Research

Coca-Cola: Still Holding The Crown

Coca-Cola's share price continues to outperform, while it is still attractively priced relative to peers. High free cash flow generation and...

Vladimir Dimitrov, CFA

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52-week Range

Market Cap (USDm)

P/E

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