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

Stanley Black & Decker / Equity Bottom-Up

<ul><li>Stanley Black & Decker Management has expressed an optimistic outlook on their financial performance for the year 2024.</li><li>Despite facing challenging market conditions during 2023, the company demonstrated solid performance, with significant progress in two of their most important focus areas—generating above $850 million free cash flow and the continuous improvement of adjusted gross margin through each quarter.</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>

Stanley Black & Decker Management has expressed an optimistic outlook on their financial performance for the year 2024.Despite facing challenging market conditions during 2023, the company demonstrated solid performance, with significant progress in two of their most important focus areas—generating above $850 million free cash flow and the continuous improvement of adjusted gross margin through each quarter.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.

Stanley Black & Decker: Cost Savings Through Supply Chain Transformation & Other Major Drivers

<ul><li>In the third quarter, Stanley Black & Decker managed a decent result including an earnings beat.</li><li>The company enhanced adjusted gross margin, earnings per share, and free cash flow compared to the previous year, demonstrating focused execution and strategic advancements.</li><li>Looking ahead to 2024, Stanley Black & Decker's team anticipates additional gross margin gains and continues to focus on improving margins in uncertain market conditions.</li></ul>

In the third quarter, Stanley Black & Decker managed a decent result including an earnings beat.The company enhanced adjusted gross margin, earnings per share, and free cash flow compared to the previous year, demonstrating focused execution and strategic advancements.Looking ahead to 2024, Stanley Black & Decker's team anticipates additional gross margin gains and continues to focus on improving margins in uncertain market conditions.

Stanley Black & Decker Inc.: Navigating a Declining Revenue with Strategic Wins - What's Next? - Major Drivers

<ul><li>Stanley Black & Decker exceeded analyst expectations in terms of revenue and earnings.</li><li>Second-quarter revenue decreased from the previous year due to reduced consumer outdoor and DIY volume.</li><li>Global automotive and aerospace continue to show momentum across Stanley Black & Decker's industrial end sectors.</li></ul>

Stanley Black & Decker exceeded analyst expectations in terms of revenue and earnings.Second-quarter revenue decreased from the previous year due to reduced consumer outdoor and DIY volume.Global automotive and aerospace continue to show momentum across Stanley Black & Decker's industrial end sectors.

Stanley Black & Decker Inc.: Breaking Down the Reasons Behind Their Revenue Surge! - Major Drivers

<ul><li>Stanley Black & Decker delivered a mixed set of results in its most recent result, with revenues falling short of Wall Street expectations but above-par earnings.</li><li>Stanley Black & Decker generated free cash flow of $1.1 billion, up 36% year-over-year, and returned $1.2 billion to shareholders through dividends and share repurchases.</li><li>We give Stanley Black & Decker a 'Hold' rating with a revised target price.</li></ul>

Stanley Black & Decker delivered a mixed set of results in its most recent result, with revenues falling short of Wall Street expectations but above-par earnings.Stanley Black & Decker generated free cash flow of $1.1 billion, up 36% year-over-year, and returned $1.2 billion to shareholders through dividends and share repurchases.We give Stanley Black & Decker a 'Hold' rating with a revised target price.

Stanley Black & Decker: Are The $200 Million Cost Savings Enough? – Key Drivers

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Jehoshaphat Research (JR) argues the case that <strong><a href="https://www.smartkarma.com/entities/techtronic-industries-co-ltd" target="_blank" data-smartkarma-citation="entities:4561:1" rel="noopener">Techtronic Industries (669 HK)</a></strong> has been engaged in “snowballing” to maintain margin growth.</li>
<li>JR flags TTI is the only public company in the world (with over $1bn in revenues) exhibiting positive sequential gross margin change in every semi-annual period over ten years.</li>
<li>Short interest had been picking up ahead of the short sell report. Shares fell 19% before being suspended in the afternoon session.  </li>
</ul>


Jehoshaphat Research (JR) argues the case that Techtronic Industries (669 HK) has been engaged in “snowballing” to maintain margin growth.
JR flags TTI is the only public company in the world (with over $1bn in revenues) exhibiting positive sequential gross margin change in every semi-annual period over ten years.
Short interest had been picking up ahead of the short sell report. Shares fell 19% before being suspended in the afternoon session.  


Techtronic Industries (669 HK): JR Puts Down That Tool

United States

Stanley Black & Decker Inc. is a diversified global provider of hand tools, power tools and related accessories, mechanical access and electronic security solutions, healthcare solutions, engineered fastening systems, and more.

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Stanley Black & Decker (SWK US)

Stanley Black & Decker: Cost Savings Through Supply Chain Transformation & Other Major Drivers

Stanley Black & Decker Management has expressed an optimistic outlook on their financial performance for the year 2024. Despite facing...

Baptista Research

Stanley Black & Decker Inc.: Navigating a Declining Revenue with Strategic Wins - What's Next? - Major Drivers

In the third quarter, Stanley Black & Decker managed a decent result including an earnings beat. The company enhanced adjusted gross margin,...

Baptista Research

Stanley Black & Decker Inc.: Breaking Down the Reasons Behind Their Revenue Surge! - Major Drivers

Stanley Black & Decker exceeded analyst expectations in terms of revenue and earnings. Second-quarter revenue decreased from the previous year...

Baptista Research

Stanley Black & Decker: Are The $200 Million Cost Savings Enough? – Key Drivers

Stanley Black & Decker delivered a mixed set of results in its most recent result, with revenues falling short of Wall Street expectations but...

Baptista Research

Techtronic Industries (669 HK): JR Puts Down That Tool

Someone had an ax to grind with management. This type of research dost not just appear out of thin air. The static gross margin figures are...

David Blennerhassett

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