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>During Schlumberger’s (SLB) first quarter 2024 earnings, the company's evenue grew by 13% YoY, and EBITDA grew in the mid-teens, in line with SLB’s full-year financial ambitions.</li><li>International activity fuelled the growth, with revenue increases observed in 21 of the 25 international GeoUnits.</li><li>North America, however, showed a decrease in activity, resulting in a 6% YoY fall in revenue.</li></ul>

During Schlumberger’s (SLB) first quarter 2024 earnings, the company's evenue grew by 13% YoY, and EBITDA grew in the mid-teens, in line with SLB’s full-year financial ambitions.International activity fuelled the growth, with revenue increases observed in 21 of the 25 international GeoUnits.North America, however, showed a decrease in activity, resulting in a 6% YoY fall in revenue.

Schlumberger Limited: The ChampionX Acquisition

<ul><li>Schlumberger, the world’s largest oilfield services company, demonstrated its resilience and adaptability with strong financial results for the fourth quarter and full year 2023, despite the challenges posed by the energy market.</li><li>During the quarterly conference call that featured CEO Olivier Le Peuch and CFO Stephane Biguet, the company reported robust revenue growth, increased margins, and indications of a favorable outlook for 2024 and beyond.</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>

Schlumberger, the world’s largest oilfield services company, demonstrated its resilience and adaptability with strong financial results for the fourth quarter and full year 2023, despite the challenges posed by the energy market.During the quarterly conference call that featured CEO Olivier Le Peuch and CFO Stephane Biguet, the company reported robust revenue growth, increased margins, and indications of a favorable outlook for 2024 and beyond.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.

Schlumberger Limited: Advancements In New Energy Markets & 5 Other Major Drivers

Energy Transition | AI | Shifting World Order, Mint Finance

Suhas Reddy

Energy Transition | AI | Shifting World Order

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>Growth is expected to be fueled by robust performance in international markets. Management expects revenue growth for 2023 to cross 15% YoY.</li>
<li>Pretax operating margins in Q42023 to get a boost from higher year-end digital sales and seasonal product and equipment sales.</li>
<li>The analyst consensus on the stock’s growth is overwhelmingly bullish given the expectation of strong growth in international and offshore segments.</li>
</ul>


Growth is expected to be fueled by robust performance in international markets. Management expects revenue growth for 2023 to cross 15% YoY.
Pretax operating margins in Q42023 to get a boost from higher year-end digital sales and seasonal product and equipment sales.
The analyst consensus on the stock’s growth is overwhelmingly bullish given the expectation of strong growth in international and offshore segments.


[Earnings Preview] Intl. & Offshoring Markets to Drive Stunning Earnings for Schlumberger in Q423

<ul><li>Schlumberger delivered a mixed set of results for the previous quarter, with revenues below the analyst consensus.</li><li>The strong performance was driven by high-quality global revenue, particularly in the Middle East and Asia, with offshore activity contributing to margin expansion.</li><li>Furthermore, Schlumberger's divisions, including Digital & Integration, Reservoir Performance, Well Construction, and Production Systems, contributed to the overall revenue growth and margin expansion.</li></ul>

Schlumberger delivered a mixed set of results for the previous quarter, with revenues below the analyst consensus.The strong performance was driven by high-quality global revenue, particularly in the Middle East and Asia, with offshore activity contributing to margin expansion.Furthermore, Schlumberger's divisions, including Digital & Integration, Reservoir Performance, Well Construction, and Production Systems, contributed to the overall revenue growth and margin expansion.

Schlumberger Limited: Offshore Activity & Efficiency Moves Fueling Their Growth? – Key Drivers

<ul><li>Schlumberger had a highly successful second quarter, achieving an all-around beat with significant growth in revenue, margins, and earnings per share.</li><li>The company witnessed a 14% rise in revenue, marking the most substantial sequential revenue increase in the past ten years.</li><li>Its second-quarter growth was primarily driven by the rise in offshore activity, particularly deepwater, which supported all four divisions and led to double-digit revenue growth and expanded margins across the board.</li></ul>

Schlumberger had a highly successful second quarter, achieving an all-around beat with significant growth in revenue, margins, and earnings per share.The company witnessed a 14% rise in revenue, marking the most substantial sequential revenue increase in the past ten years.Its second-quarter growth was primarily driven by the rise in offshore activity, particularly deepwater, which supported all four divisions and led to double-digit revenue growth and expanded margins across the board.

Schlumberger NV: An Interesting Energy Transition Strategy – Key Drivers

United States

Schlumberger Limited is an oil services company. The Company, through its subsidiaries, provides a wide range of services, including technology, project management and information solutions to the international petroleum industry as well as advanced acquisition and data processing surveys.

Schlumberger Ltd (SLB US)

Schlumberger Limited: The ChampionX Acquisition

During Schlumberger’s (SLB) first quarter 2024 earnings, the company's evenue grew by 13% YoY, and EBITDA grew in the mid-teens, in line with...

Baptista Research

Schlumberger Limited: Advancements In New Energy Markets & 5 Other Major Drivers

Schlumberger, the world’s largest oilfield services company, demonstrated its resilience and adaptability with strong financial results for the...

Baptista Research

[Earnings Preview] Intl. & Offshoring Markets to Drive Stunning Earnings for Schlumberger in Q423

Schlumberger's Q42023 performance was better than expected as its revenue grew 14% YoY to USD 8.99 billion and net profit rose 21% YoY to USD 1.24...

Mint Finance

Schlumberger Limited: Offshore Activity & Efficiency Moves Fueling Their Growth? – Key Drivers

Schlumberger delivered a mixed set of results for the previous quarter, with revenues below the analyst consensus. The strong performance was...

Baptista Research

Schlumberger NV: An Interesting Energy Transition Strategy – Key Drivers

Schlumberger had a highly successful second quarter, achieving an all-around beat with significant growth in revenue, margins, and earnings per...

Baptista Research