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>Tri Pointe Homes has reported its financial performance for the third quarter of 2025, providing a mixed outlook on both its immediate results and strategic direction moving forward.</li><li>During this period, the company closed 1,217 homes at an average selling price of $672,000, generating home sales revenue of $817 million.</li><li>This exceeded the upper limit of their delivery guidance, showcasing their ability to navigate a challenging housing market environment.</li></ul>

Tri Pointe Homes has reported its financial performance for the third quarter of 2025, providing a mixed outlook on both its immediate results and strategic direction moving forward.During this period, the company closed 1,217 homes at an average selling price of $672,000, generating home sales revenue of $817 million.This exceeded the upper limit of their delivery guidance, showcasing their ability to navigate a challenging housing market environment.

<ul><li>Tri Pointe Homes reported strong financial results for the first quarter of 2025, delivering a performance that aligned with or surpassed its guidance across several key metrics.</li><li>The company successfully delivered 1,040 new homes, achieving a home sales revenue of $721 million with an average selling price of $693,000.</li><li>The homebuilding gross margin improved to 23.9%, reflecting the resilience of Tri Pointe's offerings and market positioning.</li></ul>

Tri Pointe Homes reported strong financial results for the first quarter of 2025, delivering a performance that aligned with or surpassed its guidance across several key metrics.The company successfully delivered 1,040 new homes, achieving a home sales revenue of $721 million with an average selling price of $693,000.The homebuilding gross margin improved to 23.9%, reflecting the resilience of Tri Pointe's offerings and market positioning.

Tri Pointe Homes Growth Engine: Demographic Tailwinds Set Stage for Long-Term Gains!

<ul><li>Tri Pointe Homes released its fourth quarter 2024 financial results, showcasing a strong performance that capped off an exceptional year for the company.</li><li>In Q4, the company delivered 1,748 new homes, generating $1.2 billion in home sales revenue, with the homebuilding gross margin improving by 40 basis points year-over year to 23.3%.</li><li>The company reported net income of $129 million, or $1.37 per diluted share.</li></ul>

Tri Pointe Homes released its fourth quarter 2024 financial results, showcasing a strong performance that capped off an exceptional year for the company.In Q4, the company delivered 1,748 new homes, generating $1.2 billion in home sales revenue, with the homebuilding gross margin improving by 40 basis points year-over year to 23.3%.The company reported net income of $129 million, or $1.37 per diluted share.

Tri Pointe Homes: Geographic Expansion & Diversification To Fortify Market Position And Enable Revenue Growth!

<ul><li>Tri Pointe Homes' (TPH) latest financial results for the third quarter of 2024 present a combination of robust performance metrics and strategic market positioning, alongside noted challenges in certain geographies and market segments.</li><li>As a residential home builder operating across diverse U.S. markets, Tri Pointe achieved notable gains in home deliveries, revenue growth, and profitability, yet remains vigilant of macroeconomic and regional headwinds impacting future outlook.</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>

Tri Pointe Homes' (TPH) latest financial results for the third quarter of 2024 present a combination of robust performance metrics and strategic market positioning, alongside noted challenges in certain geographies and market segments.As a residential home builder operating across diverse U.S. markets, Tri Pointe achieved notable gains in home deliveries, revenue growth, and profitability, yet remains vigilant of macroeconomic and regional headwinds impacting future outlook.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.

Tri Pointe Homes: A Strong Liquidity Position Can Fuel Expansion! - Major Drivers

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). We will maintain our bullish outlook as long as...</li>
<li>...market dynamics remain healthy and the SPX is above 6028-6059. Short-term supports on SPX include 6400-6410, the 3-month uptrend (currently at ~6380), 6200, 6100-6150, and 6028-6059</li>
<li>Bullish Developments Continue: DJI and Russell 2000 Breakouts and Much More</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). We will maintain our bullish outlook as long as...
...market dynamics remain healthy and the SPX is above 6028-6059. Short-term supports on SPX include 6400-6410, the 3-month uptrend (currently at ~6380), 6200, 6100-6150, and 6028-6059
Bullish Developments Continue: DJI and Russell 2000 Breakouts and Much More


DJI and Russell 2000 Breaking Out; Staying Bullish; Bullish Developments Continue

United States

TRI Pointe Group, Inc. provides construction services. The Company designs, builds, develops, and constructs residential homes. TRI Pointe Homes serves customers throughout the United States.

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Tri Pointe Group (TPH US)

Tri Pointe Homes’ 32

Tri Pointe Homes has reported its financial performance for the third quarter of 2025, providing a mixed outlook on both its immediate results and...

Baptista Research

Tri Pointe Homes Growth Engine: Demographic Tailwinds Set Stage for Long-Term Gains!

Tri Pointe Homes reported strong financial results for the first quarter of 2025, delivering a performance that aligned with or surpassed its...

Baptista Research

Tri Pointe Homes: Geographic Expansion & Diversification To Fortify Market Position And Enable Revenue Growth!

Tri Pointe Homes released its fourth quarter 2024 financial results, showcasing a strong performance that capped off an exceptional year for the...

Baptista Research

Tri Pointe Homes: A Strong Liquidity Position Can Fuel Expansion! - Major Drivers

Tri Pointe Homes' (TPH) latest financial results for the third quarter of 2024 present a combination of robust performance metrics and strategic...

Baptista Research

DJI and Russell 2000 Breaking Out; Staying Bullish; Bullish Developments Continue

$DJI and Russell 2000 $IWM Breaking Out; Staying Bullish $SPX $QQQ; Bullish Developments Continue: DJI, IWM, $RSP Breakouts, RS on $XLP at new...

Vermilion Research

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