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>Valaris plc reported its fourth quarter 2024 results, presenting a mixed performance.</li>
<li>While the company demonstrated strong operational execution and safety achievements, there were some financial challenges and strategic decisions that could impact future performance.</li>
<li>On the positive side, Valaris continued its track record of high operational efficiency, achieving fleet-wide revenue efficiency of 96% for the quarter and 97% for the entire year.</li>
</ul>


Valaris plc reported its fourth quarter 2024 results, presenting a mixed performance.
While the company demonstrated strong operational execution and safety achievements, there were some financial challenges and strategic decisions that could impact future performance.
On the positive side, Valaris continued its track record of high operational efficiency, achieving fleet-wide revenue efficiency of 96% for the quarter and 97% for the entire year.


Valaris Limited: Can It Capitalize On Offshore Expansion Opportunities?

<ul>
<li>Valaris Ltd.'s third-quarter results reflect a focused and disciplined approach to navigating the volatile offshore drilling market.</li>
<li>The company's revenue for the quarter was $643 million, up from $610 million in the previous quarter.</li>
<li>This led to an improvement in adjusted EBITDA, which rose to $150 million from $139 million.</li>
</ul>


Valaris Ltd.'s third-quarter results reflect a focused and disciplined approach to navigating the volatile offshore drilling market.
The company's revenue for the quarter was $643 million, up from $610 million in the previous quarter.
This led to an improvement in adjusted EBITDA, which rose to $150 million from $139 million.


Valaris Ltd.: Continued Fleet Utilization & Strategic Warm Stacking Driving Our ‘Outperform’ Rating!

<ul>
<li>Valaris kicked off 2024 with a strong first quarter, marked by robust operational performance and significant strides in contract accumulation, propelling their backlog to over $4 billion.</li>
<li>This increase—which reflects a consistent upward trajectory over the previous quarters—underscores the company's ability to attract higher day rate contracts, a cornerstone for future earnings growth.</li>
<li>President and CEO Anton Dibowitz highlighted the absence of lost-time incidents and a high fleet-wide revenue efficiency of 97%, which underscores Valaris's emphasis on safety and operational excellence.</li>
</ul>


Valaris kicked off 2024 with a strong first quarter, marked by robust operational performance and significant strides in contract accumulation, propelling their backlog to over $4 billion.
This increase—which reflects a consistent upward trajectory over the previous quarters—underscores the company's ability to attract higher day rate contracts, a cornerstone for future earnings growth.
President and CEO Anton Dibowitz highlighted the absence of lost-time incidents and a high fleet-wide revenue efficiency of 97%, which underscores Valaris's emphasis on safety and operational excellence.


Valaris Limited: Enhanced Fleet Capabilities and Technological Upgrades! - Major Drivers

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

China Oilfield Services / Equity Bottom-Up

<ul>
<li>The largest player in Asia in the offshore oil services sector with limited competition</li>
<li>Business dynamics trending up as offshore exploration is the focus of many energy majors</li>
<li>Recent sell-off due to concerns over Aramco drilling delays provide a good entry point</li>
</ul>


The largest player in Asia in the offshore oil services sector with limited competition
Business dynamics trending up as offshore exploration is the focus of many energy majors
Recent sell-off due to concerns over Aramco drilling delays provide a good entry point


China Oilfield Services 2883.HK - Capitalising on the Boom in Offshore Exploration

<ul>
<li>Valaris plc reported strong financial results for the 4th quarter and offered an optimistic performance outlook, citing their focus on safety, efficient operations, and robust market demand, which is constrained by supply.</li>
<li>CEO Anton Dibowitz highlighted the significant new contract backlog worth around $3 billion achieved during 2023, nearly 60% higher compared to a year ago.</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>


Valaris plc reported strong financial results for the 4th quarter and offered an optimistic performance outlook, citing their focus on safety, efficient operations, and robust market demand, which is constrained by supply.
CEO Anton Dibowitz highlighted the significant new contract backlog worth around $3 billion achieved during 2023, nearly 60% higher compared to a year ago.
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.


Valaris Ltd:Expanding Contract Coverage & 3 Other Factors Influencing Our 'Buy' Rating

United States

Valaris Limited provides offshore contract drilling services. The Company owns, operates, and manages rig fleets and provides drilling services. Valaris serves customers worldwide.

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Valaris (VAL US)

Valaris Limited: Can It Capitalize On Offshore Expansion Opportunities?

On the positive side, Valaris continued its track record of high operational efficiency, achieving fleet-wide revenue efficiency of 96% for the...

Baptista Research

Valaris Ltd.: Continued Fleet Utilization & Strategic Warm Stacking Driving Our ‘Outperform’ Rating!

Valaris Ltd.'s third-quarter results reflect a focused and disciplined approach to navigating the volatile offshore drilling market.

Baptista Research

Valaris Limited: Enhanced Fleet Capabilities and Technological Upgrades! - Major Drivers

Valaris kicked off 2024 with a strong first quarter, marked by robust operational performance and significant strides in contract accumulation,...

Baptista Research

China Oilfield Services 2883.HK - Capitalising on the Boom in Offshore Exploration

Asia's top offshore oil services player poised for growth with increased focus on offshore exploration and limited competition in vessel supply.

Rikki Malik

Valaris Ltd:Expanding Contract Coverage & 3 Other Factors Influencing Our 'Buy' Rating

Valaris plc reported strong financial results for the 4th quarter and offered an optimistic performance outlook, citing their focus on safety,...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Valaris Limited: Can It Capitalize On Offshore Expansion Opportunities?

On the positive side, Valaris continued its track record of high operational efficiency, achieving fleet-wide revenue efficiency of 96% for the...

Baptista Research

Valaris Ltd.: Continued Fleet Utilization & Strategic Warm Stacking Driving Our ‘Outperform’ Rating!

Valaris Ltd.'s third-quarter results reflect a focused and disciplined approach to navigating the volatile offshore drilling market.

Baptista Research

Valaris Limited: Enhanced Fleet Capabilities and Technological Upgrades! - Major Drivers

Valaris kicked off 2024 with a strong first quarter, marked by robust operational performance and significant strides in contract accumulation,...

Baptista Research

China Oilfield Services 2883.HK - Capitalising on the Boom in Offshore Exploration

​Asia's top offshore oil services player poised for growth with increased focus on offshore exploration and limited competition in vessel supply.

Rikki Malik

Valaris Ltd:Expanding Contract Coverage & 3 Other Factors Influencing Our 'Buy' Rating

Valaris plc reported strong financial results for the 4th quarter and offered an optimistic performance outlook, citing their focus on safety,...

Baptista Research

Asia's top offshore oil services player poised for growth with increased focus on offshore exploration and limited competition in vessel supply.