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>TAL Education Group's latest quarter and fiscal year performance presents a mixed picture, with notable expansions alongside challenges in profitability.</li><li>Key areas such as Learning Services and Content Solutions have shown significant revenue growth, demonstrating the company’s efforts to broaden its educational offerings.</li><li>In fiscal 2025, TAL Education Group recorded a considerable increase in net revenues, reaching USD 2.3 billion, a 51% rise from the previous year.</li></ul>

TAL Education Group's latest quarter and fiscal year performance presents a mixed picture, with notable expansions alongside challenges in profitability.Key areas such as Learning Services and Content Solutions have shown significant revenue growth, demonstrating the company’s efforts to broaden its educational offerings.In fiscal 2025, TAL Education Group recorded a considerable increase in net revenues, reaching USD 2.3 billion, a 51% rise from the previous year.

TAL Education Group: Innovation in Learning Devices

<ul><li>TAL Education Group reported strong financial performance for its third quarter of fiscal year 2025, showcasing a marked year-over-year revenue growth of 62.4% in USD terms to $606.4 million.</li><li>This growth is primarily attributed to its various learning services and products, including traditional in-person classes and newer digital platforms and devices.</li><li>Notably, the Peiyou Small Class Enrichment programs emerged as a significant contributor, thanks to growing customer acceptance and demand for enrichment learning.</li></ul>

TAL Education Group reported strong financial performance for its third quarter of fiscal year 2025, showcasing a marked year-over-year revenue growth of 62.4% in USD terms to $606.4 million.This growth is primarily attributed to its various learning services and products, including traditional in-person classes and newer digital platforms and devices.Notably, the Peiyou Small Class Enrichment programs emerged as a significant contributor, thanks to growing customer acceptance and demand for enrichment learning.

TAL Education Group: Expansion of Enrichment Learning Programs Driving Our Bullishness! - Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>The author presents an analysis of TAL Education Group, highlighting its low valuation and steady growth among Chinese ADRs</li><li>TAL has a current market cap of $4.5B, net cash of $3.8B, and generated $200m in operating cash flow in the last quarter</li><li>The company is projected to have $4.5B in net cash by the end of 2025, with revenue expected to grow at a 30% CAGR and reach over $2.5B with a 15% operating margin by 2026</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

The author presents an analysis of TAL Education Group, highlighting its low valuation and steady growth among Chinese ADRsTAL has a current market cap of $4.5B, net cash of $3.8B, and generated $200m in operating cash flow in the last quarterThe company is projected to have $4.5B in net cash by the end of 2025, with revenue expected to grow at a 30% CAGR and reach over $2.5B with a 15% operating margin by 2026This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Tal Education Group (TAL) - Wednesday, Sep 11, 2024

<ul><li>TAL Education Group's second quarter fiscal year 2025 results provide an insightful look into the company's current trajectory, presenting both promising developments and areas to watch cautiously.</li><li>On the positive side, TAL Education's robust year-over-year growth in net revenues stands out, with reported figures of USD 619.4 million, marking an impressive increase of over 50%.</li><li>This growth is largely backed by the company's strategic expansion in its learning services, particularly the enrichment learning programs like Peiyou small classes.</li></ul>

TAL Education Group's second quarter fiscal year 2025 results provide an insightful look into the company's current trajectory, presenting both promising developments and areas to watch cautiously.On the positive side, TAL Education's robust year-over-year growth in net revenues stands out, with reported figures of USD 619.4 million, marking an impressive increase of over 50%.This growth is largely backed by the company's strategic expansion in its learning services, particularly the enrichment learning programs like Peiyou small classes.

TAL Education: Here Are The 6 Most Crucial Factors Impacting Its Performance In 2025 & Beyond!  - Major Drivers

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, 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.

Event-Driven

<ul>
<li>PCAOB officials concluded their Hong Kong visit last month and PCAOB is due to announce its annual judgment on whether it had adequate access to US listed China companies.</li>
<li>The Hong Kong visit was on the back of the 26th Aug 2022 announcement by PCAOB and CSRC that they had entered into an agreement with US authorities for access.</li>
<li>In this note, we'll talk about the latest developments, possible outcomes and implications.</li>
</ul>


PCAOB officials concluded their Hong Kong visit last month and PCAOB is due to announce its annual judgment on whether it had adequate access to US listed China companies.
The Hong Kong visit was on the back of the 26th Aug 2022 announcement by PCAOB and CSRC that they had entered into an agreement with US authorities for access.
In this note, we'll talk about the latest developments, possible outcomes and implications.


China ADRs Delisting - Friday Could Be Judgment Day for over US$800bn Mcap of Stocks

China

TAL Education Group provides educational services. The Company offers comprehensive tutoring services to students covering core academic subjects such as mathematics, English, Chinese, physics, chemistry, political science, history, and biology. TAL Education Group serves students in China.

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TAL Education (TAL US)

TAL Education Group: Innovation in Learning Devices

TAL Education Group's latest quarter and fiscal year performance presents a mixed picture, with notable expansions alongside challenges in...

Baptista Research

TAL Education Group: Expansion of Enrichment Learning Programs Driving Our Bullishness! - Major Drivers

TAL Education Group reported strong financial performance for its third quarter of fiscal year 2025, showcasing a marked year-over-year revenue...

Baptista Research

Tal Education Group (TAL) - Wednesday, Sep 11, 2024

The author presents an analysis of TAL Education Group, highlighting its low valuation and steady growth among Chinese ADRs

Value Investors Club

TAL Education: Here Are The 6 Most Crucial Factors Impacting Its Performance In 2025 & Beyond! - Major Drivers

TAL Education Group's second quarter fiscal year 2025 results provide an insightful look into the company's current trajectory, presenting both...

Baptista Research

China ADRs Delisting - Friday Could Be Judgment Day for over US$800bn Mcap of Stocks

PCAOB officials concluded their Hong Kong visit last month and PCAOB is due to announce its annual judgment on whether it had adequate access to US...

Sumeet Singh

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