Founder Evidente. Top rated quantitative analyst, Evidente

Sam Ferraro

Founder Evidente. Top rated quantitative analyst

Evidente

Evidente is an independent financial education firm that delivers innovative financial advice to wholesale investors, including active long only funds, hedge funds, pension funds, and sovereign wealth funds, in Australia and globally.  Drawing on academic research in asset pricing, behavioural finance and portfolio construction, Evidente provides wholesale investors with commercial solutions to stock selection and asset allocation decisions across equities and other asset classes.

Thematic (Sector/Industry)

<ul><li>Annualised volatility in the S&amp;P500 spiked to 27% in August, its highest level since November 2011. &nbsp;Nonetheless, the 6 month moving average of volatility of 14% remains broadly in line with historical trends over the sweep of the past 45 years.</li><li>The positive surprise on 2Q US real GDP concealed the five year long stall in nominal GDP growth.&nbsp; The US Federal Reserve&rsquo;s unwillingness to combat disinflation has contributed to the growth stall.&nbsp; Investors remain unnerved by the Fed&rsquo;s willingness to tighten monetary policy at a time when inflation continues to undershoot its 2% target.</li><li>I expect financial market volatility to remain high until the Fed more clearly enunciates the goals of monetary policy and why it remains indifferent to achieving its inflation target.</li><li>In Australia, the poor 2Q capex survey confirmed that the economy is on the precipice of a 20% slump in business investment in FY2015/16.&nbsp; The long and drawn out transition from mining to non-mining capex continues to weigh on growth and frustrate the RBA.&nbsp; In my view, the re-balancing of growth will need an assist from further monetary stimulus.</li></ul>

Annualised volatility in the S&amp;P500 spiked to 27% in August, its highest level since November 2011. &nbsp;Nonetheless, the 6 month moving average of volatility of 14% remains broadly in line with historical trends over the sweep of the past 45 years.The positive surprise on 2Q US real GDP concealed the five year long stall in nominal GDP growth.&nbsp; The US Federal Reserve&rsquo;s unwillingness to combat disinflation has contributed to the growth stall.&nbsp; Investors remain unnerved by the Fed&rsquo;s willingness to tighten monetary policy at a time when inflation continues to undershoot its 2% target.I expect financial market volatility to remain high until the Fed more clearly enunciates the goals of monetary policy and why it remains indifferent to achieving its inflation target.In Australia, the poor 2Q capex survey confirmed that the economy is on the precipice of a 20% slump in business investment in FY2015/16.&nbsp; The long and drawn out transition from mining to non-mining capex continues to weigh on growth and frustrate the RBA.&nbsp; In my view, the re-balancing of growth will need an assist from further monetary stimulus.

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>Pilgrim's Pride Corporation (PPC) reported financial performance for the second quarter ending June 29, 2025.</li><li>The company showed a 4.3% increase in net revenues to $4.8 billion compared to the same quarter last year, complemented by a 4.7% rise in adjusted EBITDA to $687 million despite maintaining the same adjusted EBITDA margin of 14.4%.</li><li>The performance was driven by various strategic initiatives, improvements in operational metrics, and diversified offerings across its core markets in the U.S., Europe, and Mexico.</li></ul>

Pilgrim's Pride Corporation (PPC) reported financial performance for the second quarter ending June 29, 2025.The company showed a 4.3% increase in net revenues to $4.8 billion compared to the same quarter last year, complemented by a 4.7% rise in adjusted EBITDA to $687 million despite maintaining the same adjusted EBITDA margin of 14.4%.The performance was driven by various strategic initiatives, improvements in operational metrics, and diversified offerings across its core markets in the U.S., Europe, and Mexico.

Pilgrim's Pride: Geographical & Product Expansion in Mexico As A Critical Growth Lever!

<ul><li>Pilgrim's Pride reported a solid performance in the first quarter of 2025, achieving a 2.3% increase in net revenues to $4.5 billion compared to the same period last year.</li><li>A notable highlight is the adjusted EBITDA of $533 million, up 43.4% from Q1 2024, leading to an improved EBITDA margin of 12%.</li><li>These results underscore the company's ability to execute its strategic initiatives effectively, focusing on operational efficiencies and customer partnerships.</li></ul>

Pilgrim's Pride reported a solid performance in the first quarter of 2025, achieving a 2.3% increase in net revenues to $4.5 billion compared to the same period last year.A notable highlight is the adjusted EBITDA of $533 million, up 43.4% from Q1 2024, leading to an improved EBITDA margin of 12%.These results underscore the company's ability to execute its strategic initiatives effectively, focusing on operational efficiencies and customer partnerships.

Pilgrim's Pride Corporation: Can Mexico’s Protein Boom Spark The Next Revenue Surge?

<ul><li>Pilgrim’s Pride Corporation reported robust financial results for the fourth quarter and fiscal year 2024, with net revenues of $4.4 billion for the quarter and $17.9 billion for the full year.</li><li>The company achieved an adjusted EBITDA of $526 million for Q4 and $2.2 billion for the year, with attributable margins of 12% and 12.4%, respectively.</li><li>This performance reflects the company's strategic focus on a diversified portfolio that takes advantage of market upsides and meets consumer demand through operational excellence.</li></ul>

Pilgrim’s Pride Corporation reported robust financial results for the fourth quarter and fiscal year 2024, with net revenues of $4.4 billion for the quarter and $17.9 billion for the full year.The company achieved an adjusted EBITDA of $526 million for Q4 and $2.2 billion for the year, with attributable margins of 12% and 12.4%, respectively.This performance reflects the company's strategic focus on a diversified portfolio that takes advantage of market upsides and meets consumer demand through operational excellence.

Pilgrim's Pride: Will Its Focus on European Operations Help Catalyze Growth?

<ul><li>Pilgrim's Pride reported its third-quarter results for the year 2024, showcasing a strong financial performance characterized by an increase in revenues and significant improvement in adjusted EBITDA.</li><li>The company generated net revenues of $4.6 billion, marking a 5.2% increase from the same period in the previous year.</li><li>Adjusted EBITDA increased impressively to $660 million from $324 million in the third quarter of 2023, with the adjusted EBITDA margin expanding from 7.4% to 14.4%.</li></ul>

Pilgrim's Pride reported its third-quarter results for the year 2024, showcasing a strong financial performance characterized by an increase in revenues and significant improvement in adjusted EBITDA.The company generated net revenues of $4.6 billion, marking a 5.2% increase from the same period in the previous year.Adjusted EBITDA increased impressively to $660 million from $324 million in the third quarter of 2023, with the adjusted EBITDA margin expanding from 7.4% to 14.4%.

Pilgrim's Pride Corporation: Its Efforts Towards Geographic Diversification & Investment in Mexico! - Major Drivers

United States

Pilgrim's Pride Corporation produces prepared and fresh chicken products in the United States and Mexico.  Through vertical integration, the Company controls the breeding, hatching, and growing of chickens and the processing, preparation, and packaging of its product lines.  Pilgrim's Pride exports its products to Canada, Eastern Europe, the Far East, and other world markets.

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Pilgrim'S Pride (PPC US)

Weekly Impressions

Annualised volatility in the S&P500 spiked to 27% in August, its highest level since November 2011. Nonetheless, the 6 month moving average...

Sam Ferraro

Pilgrim's Pride: Geographical & Product Expansion in Mexico As A Critical Growth Lever!

Pilgrim's Pride Corporation (PPC) reported financial performance for the second quarter ending June 29, 2025. The company showed a 4.3% increase...

Baptista Research

Pilgrim's Pride Corporation: Can Mexico’s Protein Boom Spark The Next Revenue Surge?

Pilgrim's Pride reported a solid performance in the first quarter of 2025, achieving a 2.3% increase in net revenues to $4.5 billion compared to...

Baptista Research

Pilgrim's Pride: Will Its Focus on European Operations Help Catalyze Growth?

Pilgrim’s Pride Corporation reported robust financial results for the fourth quarter and fiscal year 2024, with net revenues of $4.4 billion for...

Baptista Research

Pilgrim's Pride Corporation: Its Efforts Towards Geographic Diversification & Investment in Mexico! - Major Drivers

Pilgrim's Pride reported its third-quarter results for the year 2024, showcasing a strong financial performance characterized by an increase in...

Baptista Research

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