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>UL Solutions reported a robust third quarter for 2025, showcasing consistent growth across its industrial, consumer, and software & advisory segments, with revenues up by 7.1% compared to the same period last year.</li><li>The company registered an 18.6% increase in adjusted EBITDA to $217 million, achieving a margin of 27.7%, the highest since going public.</li><li>This indicates an improved profitability structure and strategic execution in its core markets.</li></ul>

UL Solutions reported a robust third quarter for 2025, showcasing consistent growth across its industrial, consumer, and software & advisory segments, with revenues up by 7.1% compared to the same period last year.The company registered an 18.6% increase in adjusted EBITDA to $217 million, achieving a margin of 27.7%, the highest since going public.This indicates an improved profitability structure and strategic execution in its core markets.

UL Solutions: A Closer Look At Its Supply Chain Diversification Strategy—How It Plans to Win in Vietnam

<ul><li>UL Solutions has reported strong financial results for the second quarter of 2025, demonstrating growth across all segments and geographies despite the continuation of global economic uncertainties.</li><li>The company's consolidated revenues reached an all-time high of $776 million, representing a 6.3% increase over the previous year.</li><li>On an organic basis, revenue increased by 5.5%.</li></ul>

UL Solutions has reported strong financial results for the second quarter of 2025, demonstrating growth across all segments and geographies despite the continuation of global economic uncertainties.The company's consolidated revenues reached an all-time high of $776 million, representing a 6.3% increase over the previous year.On an organic basis, revenue increased by 5.5%.

UL Solutions: Why Its Data Centre Expansion Efforts Can Be A Double Edged Sword!

<ul><li>UL Solutions exhibited a robust performance in the first quarter of 2025, marked by substantial revenue growth, enhanced profitability, and strategic capacity expansions, amid an uncertain macroeconomic and geopolitical landscape.</li><li>The company, drawing from a rich heritage of over 130 years, remains steadfast in its mission to provide critical safety science services globally.</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>

UL Solutions exhibited a robust performance in the first quarter of 2025, marked by substantial revenue growth, enhanced profitability, and strategic capacity expansions, amid an uncertain macroeconomic and geopolitical landscape.The company, drawing from a rich heritage of over 130 years, remains steadfast in its mission to provide critical safety science services globally.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.

UL Solutions Is Targeting The $2.7 Billion Auto Boom—Will Japan’s Car Giants Power Its Next Leap?

Podcast by CEO, Norges Bank Investment Management, In Good Company with Nicolai Tangen

In Good Company with Nicolai Tangen

Podcast by CEO, Norges Bank Investment Management

The CEO of the largest single investor in the world, Norges Bank Investment Management, interviews leaders of some of the largest companies in the world. You will get to know the leader, their strategy, leadership principles, and much more. Hosted on Acast. See https://www.acast.com/privacy-policy for more information.

<ul><li>Offer software and advisory services to B2C customers to improve their product usage</li><li>Conduct various extreme tests in labs to ensure product safety, including testing for AI integration and changing technology</li><li>The US is the most highly regulated market for testing products, with third party testing often required</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.</em></p>

Offer software and advisory services to B2C customers to improve their product usageConduct various extreme tests in labs to ensure product safety, including testing for AI integration and changing technologyThe US is the most highly regulated market for testing products, with third party testing often requiredThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

UL Solutions CEO: Evolving Safety Testing, AI, and Consumer Protection

<ul><li>Since its transition to a public company, UL Solutions has made significant strides, especially highlighted during the discussion about its 2024 financial results and its outlook for 2025.</li><li>The company, historically recognized as a global leader in safety science and driven by its mission in the testing, inspection, and certification industry, reported substantial growth in revenue and profitability in its first year as a public entity.</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>

Since its transition to a public company, UL Solutions has made significant strides, especially highlighted during the discussion about its 2024 financial results and its outlook for 2025.The company, historically recognized as a global leader in safety science and driven by its mission in the testing, inspection, and certification industry, reported substantial growth in revenue and profitability in its first year as a public entity.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.

UL Solutions Inc.: Expanding Margins Through Operational Efficiencies and Software Integration?

United States

UL Solutions Inc. operates as a safety science company. The Company offers certification, testing, inspection, auditing, validation, and advisory services, along with software products and advisory solutions. UL Solutions serves the banking, energy, medical, and transportation sectors worldwide.

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UL Solutions Inc (ULS US)

UL Solutions: A Closer Look At Its Supply Chain Diversification Strategy—How It Plans to Win in Vietnam

UL Solutions reported a robust third quarter for 2025, showcasing consistent growth across its industrial, consumer, and software & advisory...

Baptista Research

UL Solutions: Why Its Data Centre Expansion Efforts Can Be A Double Edged Sword!

UL Solutions has reported strong financial results for the second quarter of 2025, demonstrating growth across all segments and geographies...

Baptista Research

UL Solutions Is Targeting The $2.7 Billion Auto Boom—Will Japan’s Car Giants Power Its Next Leap?

UL Solutions exhibited a robust performance in the first quarter of 2025, marked by substantial revenue growth, enhanced profitability, and...

Baptista Research

UL Solutions CEO: Evolving Safety Testing, AI, and Consumer Protection

Company offers software and advisory services to help customers test products for safety and sustainability, as the testing market grows due to...

In Good Company with Nicolai Tangen

UL Solutions Inc.: Expanding Margins Through Operational Efficiencies and Software Integration?

Since its transition to a public company, UL Solutions has made significant strides, especially highlighted during the discussion about its 2024...

Baptista Research

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