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>Under Armour Inc.'s Q3 2024 earnings revealed a challenging retail environment and uneven consumer behavior across markets.</li><li>Despite the difficulties, the company achieved Q3 results aligned with November projections, better-than-expected earnings, and has made substantial progress in boosting global demand and simplifying consumer interactions.</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>

Under Armour Inc.'s Q3 2024 earnings revealed a challenging retail environment and uneven consumer behavior across markets.Despite the difficulties, the company achieved Q3 results aligned with November projections, better-than-expected earnings, and has made substantial progress in boosting global demand and simplifying consumer interactions.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.

Under Armour: Are The Significant Leadership Changes Bringing A Lot Of Uncertainty? - Major Drivers

<ul><li>Under Armour delivered a positive result and managed an all-around beat in the last quarter, reporting a flat revenue of $1.6 billion compared to the previous year, aligning with their projected outlook.</li><li>North American revenue decreased by 2%, reaching $991 million, in line with expectations.</li><li>The North American DTC business saw a slight decline, while EMEA revenue rose by 9% to $287 million.</li></ul>

Under Armour delivered a positive result and managed an all-around beat in the last quarter, reporting a flat revenue of $1.6 billion compared to the previous year, aligning with their projected outlook.North American revenue decreased by 2%, reaching $991 million, in line with expectations.The North American DTC business saw a slight decline, while EMEA revenue rose by 9% to $287 million.

Under Armour Inc.: Driving Global Brand Heat Through Marketing and Product Innovation! - Major Drivers

<ul><li>Under Armour delivered a solid result and managed an all-around beat in the last quarter.</li><li>Revenue decreased by 1% after considering the adverse effects of foreign exchange brought on by the strength of the US dollar.</li><li>Direct-to-consumer revenue climbed 4% to $544 million, owing to strong results in the e-commerce and retail channels.</li></ul>

Under Armour delivered a solid result and managed an all-around beat in the last quarter.Revenue decreased by 1% after considering the adverse effects of foreign exchange brought on by the strength of the US dollar.Direct-to-consumer revenue climbed 4% to $544 million, owing to strong results in the e-commerce and retail channels.

Duplicate of Under Armour: New SlipSpeed Range For Athletes & Other Developments

Under Armour Inc.: Can The New UA Rewards Program Further Boost Revenue Growth? - Major Drivers

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>On 3 June 2022, the S&amp;P DJI Global Index team announced changes to the S&amp;P500, S&amp;P Midcap 400, and S&amp;P SmallCap 600 indices (and a number of other smaller indices).</li>
<li>
<a href="https://www.smartkarma.com/entities/vici-properties-inc" target="_blank" data-smartkarma-citation="entities:28786:1" rel="noopener"></a>VICI Properties (VICI) will replace Cerner (CERN) in S&amp;P500 at close of 7 June. Keurig DrPepper and ON Semiconductor will replace UnderArmour and IPG Photonics at close 17 June.</li>
<li>This set of rebalances is particularly interesting in terms of non-offsetting flows, unlike many rebals which are just a game of musical shares between the three top indices.</li>
</ul>


On 3 June 2022, the S&amp;P DJI Global Index team announced changes to the S&amp;P500, S&amp;P Midcap 400, and S&amp;P SmallCap 600 indices (and a number of other smaller indices).

VICI Properties (VICI) will replace Cerner (CERN) in S&amp;P500 at close of 7 June. Keurig DrPepper and ON Semiconductor will replace UnderArmour and IPG Photonics at close 17 June.
This set of rebalances is particularly interesting in terms of non-offsetting flows, unlike many rebals which are just a game of musical shares between the three top indices.


S&P500, S&PMid400, and S&PSmall600 Index Changes for June 2022 - More Interesting Than Usual

United States

Under Armour, Inc. develops, markets, and distributes branded performance products for men, women, and youth. The Company designs and sells a broad offering of apparel and accessories made of synthetic microfibers.

Under Armour (UAA US)

Under Armour: Are The Significant Leadership Changes Bringing A Lot Of Uncertainty? - Major Drivers

Under Armour Inc.'s Q3 2024 earnings revealed a challenging retail environment and uneven consumer behavior across markets. Despite the...

Baptista Research

Under Armour Inc.: Driving Global Brand Heat Through Marketing and Product Innovation! - Major Drivers

Under Armour delivered a positive result and managed an all-around beat in the last quarter, reporting a flat revenue of $1.6 billion compared to...

Baptista Research

Duplicate of Under Armour: New SlipSpeed Range For Athletes & Other Developments

Under Armour delivered a solid result and managed an all-around beat in the last quarter. Revenue decreased by 1% after considering the adverse...

Baptista Research

Under Armour Inc.: Can The New UA Rewards Program Further Boost Revenue Growth? - Major Drivers

Under Armour delivered a solid result and managed an all-around beat in the last quarter. Revenue decreased by 1% after considering the adverse...

Baptista Research

S&P500, S&PMid400, and S&PSmall600 Index Changes for June 2022 - More Interesting Than Usual

The June 2022 S&P500, S&P Midcap 400 and S&P SmallCap 600 Rebalance was announced on 3 June 2022. VICI will replace CERN at the close of 7 June,...

Travis Lundy