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>TechnipFMC recently reported its financial performance for the third quarter of 2025, showcasing both strengths and areas of potential concern.</li>
<li>With a total revenue of $2.6 billion and an adjusted EBITDA of $531 million, reflecting a margin of 20.1% excluding foreign exchange impacts, the company experienced a robust quarter.</li>
<li>Free cash flow was notably strong at $448 million, facilitating $271 million in shareholder returns through dividends and share repurchases.</li>
</ul>


TechnipFMC recently reported its financial performance for the third quarter of 2025, showcasing both strengths and areas of potential concern.
With a total revenue of $2.6 billion and an adjusted EBITDA of $531 million, reflecting a margin of 20.1% excluding foreign exchange impacts, the company experienced a robust quarter.
Free cash flow was notably strong at $448 million, facilitating $271 million in shareholder returns through dividends and share repurchases.


TechnipFMC’s Innovation Playbook: What Secrets Lie Behind Its Rapid Subsea 2.0 Adoption?

Smartkarma AI, Smartkarma

αSK

Smartkarma AI

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
  <li>
<a href="https://smartkarma.com/entities/technipfmc-plc-2f8326ad-9188-44ca-bada-c9b9144835fd">TechnipFMC </a>is a differentiated player in the energy services industry, with a market-leading position in the Subsea segment, which is poised for sustained growth due to a robust project pipeline in deepwater and new energy frontiers.</li>
  <li>The company's integrated Engineering, Procurement, Construction, and Installation (iEPCI™) model offers a significant competitive advantage, leading to improved project economics for clients and higher-margin opportunities for FTI. This integration, combined with a strong backlog, provides good revenue and margin visibility.</li>
  <li>Financial performance has shown a strong recovery, with significant revenue growth, margin expansion, and a return to profitability and dividend payments. The focus on free cash flow generation and a strengthened balance sheet position the company for shareholder returns and strategic investments in new energy ventures.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
TechnipFMC is a differentiated player in the energy services industry, with a market-leading position in the Subsea segment, which is poised for sustained growth due to a robust project pipeline in deepwater and new energy frontiers.
  The company's integrated Engineering, Procurement, Construction, and Installation (iEPCI™) model offers a significant competitive advantage, leading to improved project economics for clients and higher-margin opportunities for FTI. This integration, combined with a strong backlog, provides good revenue and margin visibility.
  Financial performance has shown a strong recovery, with significant revenue growth, margin expansion, and a return to profitability and dividend payments. The focus on free cash flow generation and a strengthened balance sheet position the company for shareholder returns and strategic investments in new energy ventures.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

<ul>
<li>TechnipFMC reports robust financial performance for the fourth quarter of 2024, showcasing significant growth across several key metrics.</li>
<li>The company announced a total inbound order value of $11.6 billion for the year, contributing to a year-over-year increase in their backlog, reaching $14.4 billion.</li>
<li>A notable highlight from the report is the Subsea segment's performance, which saw a rise in inbound orders to $10.4 billion, marking the fourth consecutive year the company achieved a book-to-bill ratio greater than one.</li>
</ul>


TechnipFMC reports robust financial performance for the fourth quarter of 2024, showcasing significant growth across several key metrics.
The company announced a total inbound order value of $11.6 billion for the year, contributing to a year-over-year increase in their backlog, reaching $14.4 billion.
A notable highlight from the report is the Subsea segment's performance, which saw a rise in inbound orders to $10.4 billion, marking the fourth consecutive year the company achieved a book-to-bill ratio greater than one.


TechnipFMC PLC: Growth in Subsea 2.0 Projects-Ready To Help Them Up Their Game?

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment</li>
<li>Our bullish near-term outlook will remain in place as long as the 6-month uptrend continues on ACWI-US, which generally coincides with the 50-day MA.</li>
<li>Short-Term supports to watch on ACWI-US include the 6-month uptrend (currently at $139.40), the 50-day MA (currently $137.95), and $135.70.</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment
Our bullish near-term outlook will remain in place as long as the 6-month uptrend continues on ACWI-US, which generally coincides with the 50-day MA.
Short-Term supports to watch on ACWI-US include the 6-month uptrend (currently at $139.40), the 50-day MA (currently $137.95), and $135.70.


Expecting Upside to Continue into Early-2026 for Global Equities $ACWI

<ul>
<li>We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment.</li>
<li>China (Shanghai Composite) has been a major focus ever since our July 3 report titled "China and Japan Breaking Out," and it's pulling back toward 10-year base support at 3675-3725;buy.</li>
<li>Japan's TOPIX and TOPIX Small indexes remain bullish (BUY), but RS remains below multi-month resistances; we would upgrade Japan to overweight on RS breakouts.</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment.
China (Shanghai Composite) has been a major focus ever since our July 3 report titled "China and Japan Breaking Out," and it's pulling back toward 10-year base support at 3675-3725;buy.
Japan's TOPIX and TOPIX Small indexes remain bullish (BUY), but RS remains below multi-month resistances; we would upgrade Japan to overweight on RS breakouts.


Buys in Japan and Europe; China Pulling Back -- Buy; MSCI ACWI Uptrend Intact

United Kingdom

TechnipFMC plc provides oilfield services. The Company offers subsea, surface, onshore, and offshore solutions for oil and gas projects. TechnipFMC serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

TechnipFMC (FTI US)

TechnipFMC’s Innovation Playbook: What Secrets Lie Behind Its Rapid Subsea 2.0 Adoption?

TechnipFMC recently reported its financial performance for the third quarter of 2025, showcasing both strengths and areas of potential concern.

Baptista Research

Primer: TechnipFMC (FTI US) - Sep 2025

TechnipFMC is a differentiated player in the energy services industry, with a market-leading position in the Subsea segment, which is poised...

αSK

TechnipFMC PLC: Growth in Subsea 2.0 Projects-Ready To Help Them Up Their Game?

The company announced a total inbound order value of $11.6 billion for the year, contributing to a year-over-year increase in their backlog,...

Baptista Research

Expecting Upside to Continue into Early-2026 for Global Equities $ACWI

Expecting Upside to Continue into Early-2026 for Global Equities $ACWI. Discussed Thursday to expect support at the 50-day MA. Actionable Themes:...

Vermilion Research

Buys in Japan and Europe; China Pulling Back -- Buy; MSCI ACWI Uptrend Intact

Buys in Japan and Europe; China's Shanghai Composite Pulling Back to 10-year Base Support -- Buy; MSCI $ACWI Uptrend Intact. Actionable Themes:...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)