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>Trimble delivered a strong result and managed an all-around beat in the last quarter.</li><li>Financially, Trimble demonstrated a robust performance, delivering an EBITDA margin of 25.3% and a strong gross margin of 64.2%, surpassing previous years.</li><li>In the quarter, Trimble introduced LIMS PRO, a cloud-hosted iteration of its LIMS for sawmill raw material procurement.</li></ul>

Trimble delivered a strong result and managed an all-around beat in the last quarter.Financially, Trimble demonstrated a robust performance, delivering an EBITDA margin of 25.3% and a strong gross margin of 64.2%, surpassing previous years.In the quarter, Trimble introduced LIMS PRO, a cloud-hosted iteration of its LIMS for sawmill raw material procurement.

Trimble Inc.: Can The New LIMS PRO Become A Major Growth Catalyst? - Major Drivers

Equity Capital Markets

Trimble Navigation / Equity Capital Markets

<ul><li>Trimble delivered mixed results in the first quarter, with revenues of $915 million that were below Wall Street expectations.</li><li>The quarter's cash flow improved significantly year on year, with both cash flow from operations and free cash flow exceeding non-GAAP net income.</li><li>Revenues in the transportation business increased organically year over year during the quarter, and operating margins were higher than 15%.</li></ul>

Trimble delivered mixed results in the first quarter, with revenues of $915 million that were below Wall Street expectations.The quarter's cash flow improved significantly year on year, with both cash flow from operations and free cash flow exceeding non-GAAP net income.Revenues in the transportation business increased organically year over year during the quarter, and operating margins were higher than 15%.

Trimble Inc.: Acquisition Of Transporeon & Other Drivers

<ul><li>Trimble Inc had a disappointing result and failed to meet Wall Street expectations in terms of revenues as well as earnings.</li><li>The challenges in terms of the supply chain remained the same in the business environment, which has also affected the operations of the company.</li><li>Trimble delivered over 20% organic growth in ARR in addition to high levels of ACV software bookings and cross-sell bookings.</li></ul>

Trimble Inc had a disappointing result and failed to meet Wall Street expectations in terms of revenues as well as earnings.The challenges in terms of the supply chain remained the same in the business environment, which has also affected the operations of the company.Trimble delivered over 20% organic growth in ARR in addition to high levels of ACV software bookings and cross-sell bookings.

<ul><li>Trimble showed a decent organic revenue growth in the last quarter but failed to meet Wall Street expectations on the revenue front.</li><li>The company’s top-line was impacted by the changes in the foreign exchange rates and it barely managed to meet market expectations regarding earnings.</li><li>Recurring and software revenue continued to grow at quite a strong rate which is reflected by the sequential acceleration of its organic ARR growth.</li></ul>

Trimble showed a decent organic revenue growth in the last quarter but failed to meet Wall Street expectations on the revenue front.The company’s top-line was impacted by the changes in the foreign exchange rates and it barely managed to meet market expectations regarding earnings.Recurring and software revenue continued to grow at quite a strong rate which is reflected by the sequential acceleration of its organic ARR growth.

Trimble Inc: Acquisition of B2W Software & Other Drivers

Credit

<ul><li>Trimble Inc is a well-known player in the agri-tech space.</li><li>The company has gone through its fair share of corporate restructuring with a series of acquisitions and divestments.</li><li>On execution, Trimble continues to simplify its portfolio through actions like decreasing the number of product offerings and part numbers.</li></ul>

Trimble Inc is a well-known player in the agri-tech space.The company has gone through its fair share of corporate restructuring with a series of acquisitions and divestments.On execution, Trimble continues to simplify its portfolio through actions like decreasing the number of product offerings and part numbers.

Trimble Inc: Detailed Credit Analysis & Financial Strength Evaluation Report

United States

Trimble Navigation Ltd is a leading provider of advanced location-based solutions that maximize productivity and enhance profitability. The Company integrates its positioning expertise in GPS, laser, optical and inertial technologies with application software, wireless communications, and services to provide complete commercial solutions.

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Trimble Navigation (TRMB US)

Trimble Inc.: Can The New LIMS PRO Become A Major Growth Catalyst? - Major Drivers

Trimble delivered a strong result and managed an all-around beat in the last quarter. Financially, Trimble demonstrated a robust performance,...

Baptista Research

Trimble Inc.: Acquisition Of Transporeon & Other Drivers

Trimble delivered mixed results in the first quarter, with revenues of $915 million that were below Wall Street expectations. The quarter's cash...

Baptista Research

Trimble Inc.: Major Drivers

Trimble Inc had a disappointing result and failed to meet Wall Street expectations in terms of revenues as well as earnings. The challenges in...

Baptista Research

Trimble Inc: Acquisition of B2W Software & Other Drivers

Trimble showed a decent organic revenue growth in the last quarter but failed to meet Wall Street expectations on the revenue front. The company’s...

Baptista Research

Trimble Inc: Detailed Credit Analysis & Financial Strength Evaluation Report

Trimble Inc is a well-known player in the agri-tech space. The company has gone through its fair share of corporate restructuring with a series of...

Baptista Research

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