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.

Credit

<ul><li>UPS results exceeded market expectations and the company saw consolidated revenue increasing 15% to $97.3 billion compared to last year.</li><li>Their healthcare portfolio generated more than $8 billion in revenue in 2021 and was a major growth driver.</li><li>The management expects to meet their 2023 consolidated revenue and operating margin targets one year ahead of schedule, building on 2021 record results.</li></ul>

UPS results exceeded market expectations and the company saw consolidated revenue increasing 15% to $97.3 billion compared to last year.Their healthcare portfolio generated more than $8 billion in revenue in 2021 and was a major growth driver.The management expects to meet their 2023 consolidated revenue and operating margin targets one year ahead of schedule, building on 2021 record results.

United Parcel Service Inc.: Financial & Price Forecasts

<ul><li>UPS has a strong position in an oligopolistic logistics markets and has recently benefitting from healthcare tailwinds.</li><li>Its healthcare portfolio generated more than $8 billion in revenue in 2021 and was a major growth driver.</li><li>Based on our credit analysis, the company merits a Credit Evaluation Score of A with a stable outlook and as per our Financial Strength Indicator, its performance is 3.58/ 5.</li></ul>

UPS has a strong position in an oligopolistic logistics markets and has recently benefitting from healthcare tailwinds.Its healthcare portfolio generated more than $8 billion in revenue in 2021 and was a major growth driver.Based on our credit analysis, the company merits a Credit Evaluation Score of A with a stable outlook and as per our Financial Strength Indicator, its performance is 3.58/ 5.

United Parcel Service Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Equity Capital Markets

United Parcel Service Cl B / Equity Capital Markets

<ul><li>With the holiday season around the corner and the increasing fear of the Omicron variant, one would believe that logistics players like FedEx and UPS are expected to have a tough time ahead.</li><li>In this report, we are looking to analyze the key qualitative factors that could influence the two companies’ stock price in the near future.</li><li>This would be followed by a detailed comparison and analysis of every single fundamental financial metric of the two companies including top-line performance, profitability, cash flow generation, capital structure, investments, working capital, and valuation over the past four quarterly results as well as the historical year-on-year financials.</li></ul>

With the holiday season around the corner and the increasing fear of the Omicron variant, one would believe that logistics players like FedEx and UPS are expected to have a tough time ahead.In this report, we are looking to analyze the key qualitative factors that could influence the two companies’ stock price in the near future.This would be followed by a detailed comparison and analysis of every single fundamental financial metric of the two companies including top-line performance, profitability, cash flow generation, capital structure, investments, working capital, and valuation over the past four quarterly results as well as the historical year-on-year financials.

FedEx vs. United Parcel Service - Which Logistics Behemoth Is More Financially Sound?

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/hangzhou-sf-intra-city-industrial-co-ltd" target="_blank" data-smartkarma-citation="entities:34916:1" rel="noopener">SF Intra-City (9699 HK)</a> is the largest Chinese independent third-party on-demand delivery service provider. It launched an HKEx IPO to raise net proceeds of $273 million at the IPO mid-point. </li>
<li>In <a href="https://www.smartkarma.com/insights/sf-intra-city-industrial-ipo-delivering-losses" target="_blank" data-smartkarma-citation="insights:61272" rel="noopener">SF Intra-City Industrial IPO: Delivering Losses</a>, we noted that SF Intra-city’s fundamentals are less than inspiring. </li>
<li>While the valuation is undemanding vs peers, we give the IPO a pass as SF Intra-city offers an unappetizing mix of high growth at the cost of losses/cash burn.   </li>
</ul>



SF Intra-City (9699 HK) is the largest Chinese independent third-party on-demand delivery service provider. It launched an HKEx IPO to raise net proceeds of $273 million at the IPO mid-point. 
In SF Intra-City Industrial IPO: Delivering Losses, we noted that SF Intra-city’s fundamentals are less than inspiring. 
While the valuation is undemanding vs peers, we give the IPO a pass as SF Intra-city offers an unappetizing mix of high growth at the cost of losses/cash burn.   


SF Intra-City Industrial IPO: Valuation Insights

<ul><li>UPS delivered yet another all-around beat with a 9.2% year-over-year growth in revenues driven by a robust demand for e-commerce-related package deliveries.</li><li>The company managed show a decent growth across all its segments in the recent result.</li><li>The company’s U.S.</li></ul>

UPS delivered yet another all-around beat with a 9.2% year-over-year growth in revenues driven by a robust demand for e-commerce-related package deliveries.The company managed show a decent growth across all its segments in the recent result.The company’s U.S.

United Parcel Service  - Investment Thesis

United States

United Parcel Service, Inc.(UPS) delivers packages and documents throughout the United States and in other countries and territories.  The Company also provides global supply chain services and less-than-truckload transportation, primarily in the U.S. UPS's business consists of integrated air and ground pick-up and delivery network

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United Parcel Service Cl B (UPS US)

United Parcel Service Inc.: Financial & Price Forecasts

UPS results exceeded market expectations and the company saw consolidated revenue increasing 15% to $97.3 billion compared to last year. Their...

Baptista Research

United Parcel Service Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

UPS has a strong position in an oligopolistic logistics markets and has recently benefitting from healthcare tailwinds. Its healthcare portfolio...

Baptista Research

FedEx vs. United Parcel Service - Which Logistics Behemoth Is More Financially Sound?

With the holiday season around the corner and the increasing fear of the Omicron variant, one would believe that logistics players like FedEx and...

Baptista Research

SF Intra-City Industrial IPO: Valuation Insights

While the valuation is undemanding vs peers, we give the IPO a pass as SF Intra-city offers an unappetizing mix of high growth at the cost of...

Arun George

United Parcel Service - Investment Thesis

UPS delivered yet another all-around beat with a 9.2% year-over-year growth in revenues driven by a robust demand for e-commerce-related package...

Baptista Research

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