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>Universal Display Corporation (UDC), a leading provider of OLED technology and materials, experienced a revenue of $576 million, operating income of $217 million, and net income of $203 million in 2023.</li><li>Its robust display impacted net income per diluted share, which amounted to $4.24.</li><li>Several factors on both sides of the company's balance sheet deserve attention while crafting an investment thesis.</li></ul>

Universal Display Corporation (UDC), a leading provider of OLED technology and materials, experienced a revenue of $576 million, operating income of $217 million, and net income of $203 million in 2023.Its robust display impacted net income per diluted share, which amounted to $4.24.Several factors on both sides of the company's balance sheet deserve attention while crafting an investment thesis.

Universal Display Corporation (OLED) - Long-term partnerships with OLED manufacturers & 5 Growth Factors In 2024 & Beyond! - Major Drivers

<ul><li>Universal Display Corporation delivered a mixed set of results in its most recent result, with revenues falling short of Wall Street expectations but above-par earnings.</li><li>In the third quarter of 2023, they reported revenue of $141 million, operating profit of $48 million, and net income of $52 million.</li><li>Notably, Audi, BYD, and Hyundai have integrated OLED displays in their vehicles, emphasizing OLED technology's versatility, energy efficiency, and design flexibility.</li></ul>

Universal Display Corporation delivered a mixed set of results in its most recent result, with revenues falling short of Wall Street expectations but above-par earnings.In the third quarter of 2023, they reported revenue of $141 million, operating profit of $48 million, and net income of $52 million.Notably, Audi, BYD, and Hyundai have integrated OLED displays in their vehicles, emphasizing OLED technology's versatility, energy efficiency, and design flexibility.

Universal Display Corporation: Is It The Time For An OLED Revolution? - Major Drivers

<ul><li>Universal Display Corporation managed to exceed the revenue expectations as well as the earnings expectations of Wall Street.</li><li>The company announced $147 million in revenue, $59 million in operating profit, and $50 million in net income, or $1.04 per diluted share, for the second quarter of 2023.</li><li>Universal Display's revenue guidance range for the year has been reduced from $560 million to $600 million.</li></ul>

Universal Display Corporation managed to exceed the revenue expectations as well as the earnings expectations of Wall Street.The company announced $147 million in revenue, $59 million in operating profit, and $50 million in net income, or $1.04 per diluted share, for the second quarter of 2023.Universal Display's revenue guidance range for the year has been reduced from $560 million to $600 million.

Universal Display Corporation: New Launch That Are Transforming the OLED Landscape! - Major Drivers

<ul><li>Universal Display delivered a mixed set of results for the previous quarter, with revenues well below analyst expectations but managed earnings beat.</li><li>While the company experienced a decline in revenue compared to the previous year, it remained confident about the long-term growth potential of OLEDs.</li><li>UDC acknowledged the automotive industry's adoption of OLED displays due to their response rate, power consumption, and design advantages.</li></ul>

Universal Display delivered a mixed set of results for the previous quarter, with revenues well below analyst expectations but managed earnings beat.While the company experienced a decline in revenue compared to the previous year, it remained confident about the long-term growth potential of OLEDs.UDC acknowledged the automotive industry's adoption of OLED displays due to their response rate, power consumption, and design advantages.

Universal Display Corporation: Acquisition of Merck KGaA & Other Drivers

<ul><li>This is our first report on Universal Display Corporation, one of the largest players in the domain of OLED technologies and materials for use in display and solid-state lighting applications.</li><li>The management anticipates that the OLED market will continue on its long-term growth trajectory.</li><li>We initiate coverage on the stock of Universal Display Corporation with a ‘Hold’ rating.</li></ul>

This is our first report on Universal Display Corporation, one of the largest players in the domain of OLED technologies and materials for use in display and solid-state lighting applications.The management anticipates that the OLED market will continue on its long-term growth trajectory.We initiate coverage on the stock of Universal Display Corporation with a ‘Hold’ rating.

Universal Display Corporation: Initiation of Coverage – Contract With Samsung & Other Drivers

United States

Universal Display Corporation is a member of the United States Display Consortium.  The consortium is a cooperative industry/government effort aimed at developing an infrastructure to support a North American flat panel display infrastructure.  The Company and its partners are developing high-resolution, full color, light weight Organic Light Emitting Diode (OLED) technology.

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Universal Display (OLED US)

Universal Display Corporation (OLED) - Long-term partnerships with OLED manufacturers & 5 Growth Factors In 2024 & Beyond! - Major Drivers

Universal Display Corporation (UDC), a leading provider of OLED technology and materials, experienced a revenue of $576 million, operating income...

Baptista Research

Universal Display Corporation: Is It The Time For An OLED Revolution? - Major Drivers

Universal Display Corporation delivered a mixed set of results in its most recent result, with revenues falling short of Wall Street expectations...

Baptista Research

Universal Display Corporation: New Launch That Are Transforming the OLED Landscape! - Major Drivers

Universal Display Corporation managed to exceed the revenue expectations as well as the earnings expectations of Wall Street. The company...

Baptista Research

Universal Display Corporation: Acquisition of Merck KGaA & Other Drivers

Universal Display delivered a mixed set of results for the previous quarter, with revenues well below analyst expectations but managed earnings...

Baptista Research

Universal Display Corporation: Initiation of Coverage – Contract With Samsung & Other Drivers

This is our first report on Universal Display Corporation, one of the largest players in the domain of OLED technologies and materials for use in...

Baptista Research

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