Equity Long-Short Analyst

Pyari Menon

Equity Bottom-Up

<ul>
<li>Economic slowdown, China lockdown and more competition has hit <a href="https://www.smartkarma.com/entities/align-technology-inc" target="_blank" data-smartkarma-citation="entities:2817:1" rel="noopener">Align Technology (ALGN US)</a> share performance. Quantity and quality of innovations suggests a solid moat that should help a comeback.</li>
<li>ALGN has dominant leadership in digital design and mass custom manufacture of clear aligner orthodontics. A return of demand should lead to strong upside. </li>
<li>Dentistry has seen significant new technologies we list the top fifteen innovators in the sector. Align is primarily in the narrow business of straightening teeth, but dominates the space.</li>
</ul>


Economic slowdown, China lockdown and more competition has hit Align Technology (ALGN US) share performance. Quantity and quality of innovations suggests a solid moat that should help a comeback.
ALGN has dominant leadership in digital design and mass custom manufacture of clear aligner orthodontics. A return of demand should lead to strong upside. 
Dentistry has seen significant new technologies we list the top fifteen innovators in the sector. Align is primarily in the narrow business of straightening teeth, but dominates the space.


Align Technology - Very Well Positioned when Demand Returns

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.

<ul><li>P&G reported a strong quarter, with an outperformance in terms of its top-line as well as earnings and growth in all regions and categories along with sequential earnings growth in the face of still and increasing cost headwinds.</li><li>The strong results of the company are grounded in geographic strength and growth in the broad-based category.</li><li>In the quarter, productivity improvements and free cash flow increased because of strong sales results.</li></ul>

P&G reported a strong quarter, with an outperformance in terms of its top-line as well as earnings and growth in all regions and categories along with sequential earnings growth in the face of still and increasing cost headwinds.The strong results of the company are grounded in geographic strength and growth in the broad-based category.In the quarter, productivity improvements and free cash flow increased because of strong sales results.

<ul><li>Procter and Gamble delivered a decent top-line growth in the last quarter surpassing Wall Street expectations and continued its strong cash productivity which enables its high dividend payouts.</li><li>Feminine care, fabric care, and Personal health care were up by double digits, whereas personal care, skin and hair care, and oral and home care all grew low-single digit.</li><li>We provide the stock of Procter and Gamble Company with a ‘Hold’ rating with a revision in the target price.</li></ul>

Procter and Gamble delivered a decent top-line growth in the last quarter surpassing Wall Street expectations and continued its strong cash productivity which enables its high dividend payouts.Feminine care, fabric care, and Personal health care were up by double digits, whereas personal care, skin and hair care, and oral and home care all grew low-single digit.We provide the stock of Procter and Gamble Company with a ‘Hold’ rating with a revision in the target price.

Procter & Gamble Company: Financial Forecasts

Equity Capital Markets

Procter & Gamble Co / Equity Capital Markets

<ul><li>Procter & Gamble has commenced 2022 on a positive note and is on track to deliver growth in organic sales and productivity this year.</li><li>As productivity programs ramp up and its price hikes go into effect, the earnings are likely to improve sequentially.</li><li>Foreign exchange, pricing, and productivity savings are the pointers where the company looks to make up for the margin contraction.</li></ul>

Procter & Gamble has commenced 2022 on a positive note and is on track to deliver growth in organic sales and productivity this year.As productivity programs ramp up and its price hikes go into effect, the earnings are likely to improve sequentially.Foreign exchange, pricing, and productivity savings are the pointers where the company looks to make up for the margin contraction.

Procter & Gamble: Market Leadership Story

Credit

<ul><li>P&G is one of the few consumer stables majors that has been able to increase its organic sales despite inflationary headwinds and supply chain issues.</li><li>While most of its peer group struggled to pass on price increases to consumers and grow the top-line the company’s brand power helped it in this process.</li><li>The company’s strong retail relationships are also responsible for the increasing market share for P&G brands.</li></ul>

P&G is one of the few consumer stables majors that has been able to increase its organic sales despite inflationary headwinds and supply chain issues.While most of its peer group struggled to pass on price increases to consumers and grow the top-line the company’s brand power helped it in this process.The company’s strong retail relationships are also responsible for the increasing market share for P&G brands.

Procter & Gamble Co.: Detailed Credit Analysis & Financial Strength Evaluation Report

United States

The Procter & Gamble Company manufactures and markets consumer products in countries throughout the world. The Company provides products in the laundry and cleaning, paper, beauty care, food and beverage, and health care segments. Procter & Gamble products are sold primarily through mass merchandisers, grocery stores, membership club stores, drug stores, and neighborhood stores.

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Procter & Gamble Co (PG US)

Align Technology - Very Well Positioned when Demand Returns

Decline in earnings has driven the sell-off, but with patience and tolerance for volatility ALGN's innovation dominance should lead to good long...

Pyari Menon

Procter & Gamble: Major Drivers

P&G reported a strong quarter, with an outperformance in terms of its top-line as well as earnings and growth in all regions and categories...

Baptista Research

Procter & Gamble Company: Financial Forecasts

Procter and Gamble delivered a decent top-line growth in the last quarter surpassing Wall Street expectations and continued its strong cash...

Baptista Research

Procter & Gamble: Market Leadership Story

Procter & Gamble has commenced 2022 on a positive note and is on track to deliver growth in organic sales and productivity this year. As...

Baptista Research

Procter & Gamble Co.: Detailed Credit Analysis & Financial Strength Evaluation Report

P&G is one of the few consumer stables majors that has been able to increase its organic sales despite inflationary headwinds and supply chain...

Baptista Research

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