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>Teladoc health has shown growth in the previous year's earnings with an increased focus on operating efficiencies and bottom line performance.</li><li>The company delivered 33% growth in adjusted EBITDA and free cash flow of $194 million in 2023.</li><li>Their selling season yielded double-digit bookings growth over the prior year, with around 75% being upsells or expansions with existing clients.</li></ul>

Teladoc health has shown growth in the previous year's earnings with an increased focus on operating efficiencies and bottom line performance.The company delivered 33% growth in adjusted EBITDA and free cash flow of $194 million in 2023.Their selling season yielded double-digit bookings growth over the prior year, with around 75% being upsells or expansions with existing clients.

Teladoc Health: Performance of Integrated Care and BetterHelp Are Encouraging Factors In 2024 & Beyond! - Major Drivers

<ul><li>Teladoc Health, Inc. delivered mixed results for the previous quarter, with revenues below the analyst consensus.</li><li>The company reported an impressive 8% year-over-year growth in consolidated revenue, reaching $660 million for the third quarter.</li><li>The Integrated Care segment contributed significantly, with a 9% increase in revenue to $374 million.</li></ul>

Teladoc Health, Inc. delivered mixed results for the previous quarter, with revenues below the analyst consensus.The company reported an impressive 8% year-over-year growth in consolidated revenue, reaching $660 million for the third quarter.The Integrated Care segment contributed significantly, with a 9% increase in revenue to $374 million.

Teladoc Health Inc.: The Future of Virtual Care! - Major Drivers

<ul><li>Teladoc managed to exceed analyst expectations in terms of revenue as well as earnings with a robust result, characterized by a 10% YoY growth in consolidated revenue and consolidated adjusted EBITDA exceeding expectations at $72 million.</li><li>Notably, the Integrated Care and BetterHelp segments both performed exceptionally well, with the former seeing 5% YoY revenue growth driven by higher enrollment in the chronic care program.</li><li>BetterHelp, the leading player in mental health services, reported an 18% YoY revenue growth in the second quarter, in line with expectations, emphasizing the sustained demand for mental health services.</li></ul>

Teladoc managed to exceed analyst expectations in terms of revenue as well as earnings with a robust result, characterized by a 10% YoY growth in consolidated revenue and consolidated adjusted EBITDA exceeding expectations at $72 million.Notably, the Integrated Care and BetterHelp segments both performed exceptionally well, with the former seeing 5% YoY revenue growth driven by higher enrollment in the chronic care program.BetterHelp, the leading player in mental health services, reported an 18% YoY revenue growth in the second quarter, in line with expectations, emphasizing the sustained demand for mental health services.

Teladoc Health Inc.: An Expanded Strategic Partnership With Microsoft & Other Major Developments

<ul><li>Teladoc Health managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.</li><li>Consolidated revenue grew by 11% year-over-year, exceeding their guidance range, and their consolidated adjusted EBITDA also exceeded expectations.</li><li>We give Teladoc Health a ‘Hold’ rating with a revised target price.</li></ul>

Teladoc Health managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.Consolidated revenue grew by 11% year-over-year, exceeding their guidance range, and their consolidated adjusted EBITDA also exceeded expectations.We give Teladoc Health a ‘Hold’ rating with a revised target price.

Teladoc Health Inc.: Can It Maintain Its Leadership Position In Digital Healthcare? – Key Drivers

<ul><li>Teladoc Health delivered a decent result for the last quarter and managed to exceed the revenue expectations as well as the earnings expectations of Wall Street.</li><li>Teladoc concluded the quarter with a total US paid membership of 57.8 million members, an increase of 1.2 million members over the second quarter, driven by a combination of new virtual care client onboardings and population expansions within current clients.</li><li>The management conducted their client advisory panel with representatives from 30 health plans, sizable employers, and health systems in attendance.</li></ul>

Teladoc Health delivered a decent result for the last quarter and managed to exceed the revenue expectations as well as the earnings expectations of Wall Street.Teladoc concluded the quarter with a total US paid membership of 57.8 million members, an increase of 1.2 million members over the second quarter, driven by a combination of new virtual care client onboardings and population expansions within current clients.The management conducted their client advisory panel with representatives from 30 health plans, sizable employers, and health systems in attendance.

Teladoc Inc: New Integrated Healthcare Experience & Other Developments

United States

Teladoc Health, Inc. provides healthcare services. The Company diagnoses, recommends treatment, and prescribes medication for routine medical issues through phone and video consultations. Teladoc operates in the United States.

Teladoc Health, Inc. (TDOC US)

Teladoc Health: Performance of Integrated Care and BetterHelp Are Encouraging Factors In 2024 & Beyond! - Major Drivers

Teladoc health has shown growth in the previous year's earnings with an increased focus on operating efficiencies and bottom line performance. The...

Baptista Research

Teladoc Health Inc.: The Future of Virtual Care! - Major Drivers

Teladoc Health, Inc. delivered mixed results for the previous quarter, with revenues below the analyst consensus. The company reported an...

Baptista Research

Teladoc Health Inc.: An Expanded Strategic Partnership With Microsoft & Other Major Developments

Teladoc managed to exceed analyst expectations in terms of revenue as well as earnings with a robust result, characterized by a 10% YoY growth in...

Baptista Research

Teladoc Health Inc.: Can It Maintain Its Leadership Position In Digital Healthcare? – Key Drivers

Teladoc Health managed to surpass the revenue expectations as well as the earnings expectations of Wall Street. Consolidated revenue grew by 11%...

Baptista Research

Teladoc Inc: New Integrated Healthcare Experience & Other Developments

Teladoc Health delivered a decent result for the last quarter and managed to exceed the revenue expectations as well as the earnings expectations...

Baptista Research