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>T-Mobile US's third quarter of 2024 reflects a period of strong performance and strategic execution, despite challenges posed by external events such as hurricanes.</li><li>The quarter was highlighted by significant increases in net additions and service revenues, alongside rising guidance for the full year, underscoring the company's robust business model and market strategy.</li><li>Positively, T-Mobile US reported its best third-quarter postpaid phone net additions in a decade and saw record low churn rates, which signals strong customer loyalty and brand strength.</li></ul>

T-Mobile US's third quarter of 2024 reflects a period of strong performance and strategic execution, despite challenges posed by external events such as hurricanes.The quarter was highlighted by significant increases in net additions and service revenues, alongside rising guidance for the full year, underscoring the company's robust business model and market strategy.Positively, T-Mobile US reported its best third-quarter postpaid phone net additions in a decade and saw record low churn rates, which signals strong customer loyalty and brand strength.

T-Mobile US Inc.:  Expansion of 5G & Advanced Network Capabilities & Other Major Drivers

<ul><li>T-Mobile US has reported a strong performance in its second quarter of 2024, highlighting significant achievements and strategic advancements that reflect the company’s robust operational execution and commitment to network superiority.</li><li>The company’s unwavering focus on enhancing customer experience and expanding its service offerings continues to pay dividends, as evidenced by record customer growth and financial outcomes during the 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>

T-Mobile US has reported a strong performance in its second quarter of 2024, highlighting significant achievements and strategic advancements that reflect the company’s robust operational execution and commitment to network superiority.The company’s unwavering focus on enhancing customer experience and expanding its service offerings continues to pay dividends, as evidenced by record customer growth and financial outcomes during the 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.

T-Mobile US Inc.: The Metronet Acquisition

Managing Partner, VRS (Valuation & Research Specialists)

VRS (Valuation & Research Specialists)

Managing Partner

Valuation & Research Specialists (VRS) is a boutique financial advisor with more than 17 years of experience in Corporate Valuation and Finance, and a diversified client base including some of the largest Companies in Greece.

Since 2002, VRS has completed more than 200 engagements in the areas of business valuation and financial analysis for more than 100 clients in a wide range of industries.

VRS has been honored to work with small and large private and publicly traded companies in Europe and overseas.

Boutique Financial Advisor

<ul>
<li>To derive our target price of USD 184.95, indicating a downside potential of -3%, we incorporated 2 different valuation methods: DCF valuation, resulting in a price of USD 229.47 and Peer Group valuation, resulting in a price of USD 51.4.</li>
<li>The weights used for the 2 valuation approaches were 75% for DCF and 25% for Peer Group.</li>
<li>To perform DCF valuation, we used a 2-stage calculation approach, consisting of the growth period (10%) and the terminal value (90%). </li>
</ul>


To derive our target price of USD 184.95, indicating a downside potential of -3%, we incorporated 2 different valuation methods: DCF valuation, resulting in a price of USD 229.47 and Peer Group valuation, resulting in a price of USD 51.4.
The weights used for the 2 valuation approaches were 75% for DCF and 25% for Peer Group.
To perform DCF valuation, we used a 2-stage calculation approach, consisting of the growth period (10%) and the terminal value (90%). 


<ul><li>T-Mobile US has demonstrated impressive performance in its Q1 2024 earnings, showing continuous growth and advancing its guidance for the year.</li><li>A key highlight is that the company's postpaid phone net additions are consistent with the same period last year, even as the industry's net adds have reduced by a double-digit percentage.</li><li>This shows that T-Mobile's best network value proposition is popular among customers, as evidenced by the growth in postpaid phone gross adds over the past four quarters and record-low Q1 postpaid phone churn.</li></ul>

T-Mobile US has demonstrated impressive performance in its Q1 2024 earnings, showing continuous growth and advancing its guidance for the year.A key highlight is that the company's postpaid phone net additions are consistent with the same period last year, even as the industry's net adds have reduced by a double-digit percentage.This shows that T-Mobile's best network value proposition is popular among customers, as evidenced by the growth in postpaid phone gross adds over the past four quarters and record-low Q1 postpaid phone churn.

T-Mobile US: Is The 5G Home Internet (FWA) Expansion Giving It An Edge Over Competitors? - Major Drivers

<ul><li>During 2023, T-Mobile added over 3.1 million postpaid phone net additions, driven by the highest postpaid phone gross additions in the company's history.</li><li>As a result, they achieved their highest share of postpaid phone net additions within the industry as a whole.</li><li>A high point was reached in Q4, with 934,000 postpaid phone net additions, representing the highest in the industry by a wide margin.</li></ul>

During 2023, T-Mobile added over 3.1 million postpaid phone net additions, driven by the highest postpaid phone gross additions in the company's history.As a result, they achieved their highest share of postpaid phone net additions within the industry as a whole.A high point was reached in Q4, with 934,000 postpaid phone net additions, representing the highest in the industry by a wide margin.

Can T-Mobile Be the Stealthiest Investment of 2024: Growth Strategies Unveiled!  - Major Drivers

United States

T-Mobile US, Inc. is one of four national wireless carriers in the US. The company was created as the combination of T-Mobile USA and MetroPCS.

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T Mobile Us Inc (TMUS US)

T-Mobile US Inc.: Expansion of 5G & Advanced Network Capabilities & Other Major Drivers

T-Mobile US's third quarter of 2024 reflects a period of strong performance and strategic execution, despite challenges posed by external events...

Baptista Research

T-Mobile US Inc.: The Metronet Acquisition

T-Mobile US has reported a strong performance in its second quarter of 2024, highlighting significant achievements and strategic advancements that...

Baptista Research

T-Mobile Us, Inc. -Valuation Summary

To perform DCF valuation, we used a 2-stage calculation approach, consisting of the growth period (10%) and the terminal value (90%).

VRS (Valuation & Research Specialists)

T-Mobile US: Is The 5G Home Internet (FWA) Expansion Giving It An Edge Over Competitors? - Major Drivers

T-Mobile US has demonstrated impressive performance in its Q1 2024 earnings, showing continuous growth and advancing its guidance for the year. A...

Baptista Research

Can T-Mobile Be the Stealthiest Investment of 2024: Growth Strategies Unveiled! - Major Drivers

During 2023, T-Mobile added over 3.1 million postpaid phone net additions, driven by the highest postpaid phone gross additions in the company's...

Baptista Research

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