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>Signet Jewelers' latest earnings results for the second quarter of fiscal 2026 reveal a performance that includes several positive developments alongside some challenges.</li><li>The company reported a 2% growth in same-store sales, outperforming expectations.</li><li>This was bolstered by strong performance in its major brands—Kay, Zales, and Jared—which achieved a combined same-store sales growth of approximately 5%.</li></ul>

Signet Jewelers' latest earnings results for the second quarter of fiscal 2026 reveal a performance that includes several positive developments alongside some challenges.The company reported a 2% growth in same-store sales, outperforming expectations.This was bolstered by strong performance in its major brands—Kay, Zales, and Jared—which achieved a combined same-store sales growth of approximately 5%.

Signet Jewelers’ Bridal Boom: Will $2K–$5K Diamonds Unlock the Next Big Revenue Wave?

<ul><li>Signet Jewelers reported its First Quarter Fiscal 2026 results showcasing a mix of positive advancements and prevailing challenges.</li><li>The company outperformed its own expectations with growth in same-store sales and operating income, marking a promising start to the fiscal year.</li><li>Signet’s performance is underpinned by its "Grow Brand Love" strategy, aimed at long-term sustainable growth by aligning its brands—Kay, Zales, and Jared—with customer expectations and improving brand equity.</li></ul>

Signet Jewelers reported its First Quarter Fiscal 2026 results showcasing a mix of positive advancements and prevailing challenges.The company outperformed its own expectations with growth in same-store sales and operating income, marking a promising start to the fiscal year.Signet’s performance is underpinned by its "Grow Brand Love" strategy, aimed at long-term sustainable growth by aligning its brands—Kay, Zales, and Jared—with customer expectations and improving brand equity.

How Signet Jewelers Is Boosting Margins With Smarter Promotions & Precision Inventory Control!

<ul><li>Signet Jewelers Ltd. is currently navigating a complex landscape, balancing strategic restructuring with the need to address short-term operational challenges.</li><li>The fourth quarter of the fiscal year reflected a decline in revenue by 6%, yet adjusted earnings per share (EPS) maintained near previous levels due to significant share repurchases.</li><li>Same-store sales fell by 1.1%, influenced by the absence of a 53rd week from the prior fiscal year, which accounted for an approximate 4-point difference in total sales.</li></ul>

Signet Jewelers Ltd. is currently navigating a complex landscape, balancing strategic restructuring with the need to address short-term operational challenges.The fourth quarter of the fiscal year reflected a decline in revenue by 6%, yet adjusted earnings per share (EPS) maintained near previous levels due to significant share repurchases.Same-store sales fell by 1.1%, influenced by the absence of a 53rd week from the prior fiscal year, which accounted for an approximate 4-point difference in total sales.

Wall Street Smells A Buyout: Signet Jewelers Just Got a $4.2 Billion Wake-Up Call!

<ul><li>Signet Jewelers' third quarter fiscal 2025 earnings report presents a nuanced outlook on the company's current standing and its future trajectory.</li><li>The company has demonstrated a mixed performance, showing improvements in certain areas while encountering challenges in others.</li><li>One of the notable positives from the report is Signet's continued sales momentum, as indicated by the sixth consecutive quarter of sequential same-store sales improvement, despite an overall decline of 0.7% in same store sales.</li></ul>

Signet Jewelers' third quarter fiscal 2025 earnings report presents a nuanced outlook on the company's current standing and its future trajectory.The company has demonstrated a mixed performance, showing improvements in certain areas while encountering challenges in others.One of the notable positives from the report is Signet's continued sales momentum, as indicated by the sixth consecutive quarter of sequential same-store sales improvement, despite an overall decline of 0.7% in same store sales.

Signet Jewelers Limited:  Can Its Strategic Capital Allocation Bring A Shift In The Competitive Dynamics? - Major Drivers

APAC IPOs & Placements, Aequitas Research

Nicholas Tan

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/primo-global" target="_blank" data-smartkarma-citation="entities:45246:1" rel="noopener">Primo Global (367A JP) </a>is looking to raise up to $96m in its upcoming Japan IPO</li>
<li>It specializes in merchandising bridal jewellery, namely engagement rings and wedding rings.</li>
<li>In this note, we examine the IPO dynamics, and look at the firm’s valuation.</li>
</ul>



Primo Global (367A JP) is looking to raise up to $96m in its upcoming Japan IPO
It specializes in merchandising bridal jewellery, namely engagement rings and wedding rings.
In this note, we examine the IPO dynamics, and look at the firm’s valuation.


Primo Global Pre-IPO: Fairly Valued, Controlling Shareholders Rushing for Exit

United States

Signet Jewelers Ltd. retails jewelry, watches, gifts and accessories.  The Company operates in the United States and the United Kingdom.

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Signet Jewelers (SIG US)

Signet Jewelers’ Bridal Boom: Will $2K–$5K Diamonds Unlock the Next Big Revenue Wave?

Signet Jewelers' latest earnings results for the second quarter of fiscal 2026 reveal a performance that includes several positive developments...

Baptista Research

How Signet Jewelers Is Boosting Margins With Smarter Promotions & Precision Inventory Control!

Signet Jewelers reported its First Quarter Fiscal 2026 results showcasing a mix of positive advancements and prevailing challenges. The company...

Baptista Research

Wall Street Smells A Buyout: Signet Jewelers Just Got a $4.2 Billion Wake-Up Call!

Signet Jewelers Ltd. is currently navigating a complex landscape, balancing strategic restructuring with the need to address short-term...

Baptista Research

Signet Jewelers Limited: Can Its Strategic Capital Allocation Bring A Shift In The Competitive Dynamics? - Major Drivers

Signet Jewelers' third quarter fiscal 2025 earnings report presents a nuanced outlook on the company's current standing and its future...

Baptista Research

Primo Global Pre-IPO: Fairly Valued, Controlling Shareholders Rushing for Exit

Primo Global is looking to raise up to $96m in its upcoming Japan IPO. In this note, we examine the IPO dynamics, and look at the firm’s valuation.

Nicholas Tan

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)