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>Waste Management, Inc.</li><li>has successfully delivered a strong end to 2023, with a 15% increase in fourth quarter operating EBITDA. This has resulted in full year operating EBITDA exceeding the company's most recent guidance range by nearly $25 million, affirming the company's original expectations at the start of the year.</li><li>However, despite this impressive performance, there are still risks ahead given uncertain economic conditions.</li></ul>

Waste Management, Inc.has successfully delivered a strong end to 2023, with a 15% increase in fourth quarter operating EBITDA. This has resulted in full year operating EBITDA exceeding the company's most recent guidance range by nearly $25 million, affirming the company's original expectations at the start of the year.However, despite this impressive performance, there are still risks ahead given uncertain economic conditions.

Waste Management Inc.: Is There A Negative Impact Of Inflation and The Changing Dynamic Of Sustainability-Related Capital Expenditures? - Major Drivers

<ul><li>Waste Management delivered a mixed result in the recent quarter, with revenues below market expectations but surpassed the analyst consensus regarding earnings.</li><li>The solid waste business was the driving force behind this achievement, with organic revenue growth in collection and disposal aligning well with expectations.</li><li>The resilience of solid waste volumes, with positive trends in commercial volumes and special waste growth, stood out.</li></ul>

Waste Management delivered a mixed result in the recent quarter, with revenues below market expectations but surpassed the analyst consensus regarding earnings.The solid waste business was the driving force behind this achievement, with organic revenue growth in collection and disposal aligning well with expectations.The resilience of solid waste volumes, with positive trends in commercial volumes and special waste growth, stood out.

Waste Management: Recycling Tech Transforms Business! Inside their Next-Gen Sustainability Approach! - Major Drivers

<ul><li>Waste Management's results were a major disappointment as the company failed to meet the revenue and earnings expectations of Wall Street.</li><li>Their adjusted operating EBITDA margin increased in the second quarter due to careful SG&A cost management and pricing in the collection and disposal sector.</li><li>With ongoing momentum in price, reduced optimization costs, and increased efficiency, Waste Management is overcoming the margin pressure caused by this transient change in volume mix.</li></ul>

Waste Management's results were a major disappointment as the company failed to meet the revenue and earnings expectations of Wall Street.Their adjusted operating EBITDA margin increased in the second quarter due to careful SG&A cost management and pricing in the collection and disposal sector.With ongoing momentum in price, reduced optimization costs, and increased efficiency, Waste Management is overcoming the margin pressure caused by this transient change in volume mix.

Waste Management Inc: Are They Failing To Handle The Margin Pressures? – Key Drivers

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Weekly Stock Bull Finder

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Thematic (Sector/Industry)

<ul><li>One of the lasting legacies of the COVID-19 pandemic was the acceleration of secular trends which were already in place prior to the start pandemic such as e-commerce, flexible working arrangements, streaming/entertainment at home, digital transformation, MRNA biotechnology, among others.</li><li>Many of these trends in place prior to the pandemic were turbocharged by a quick pivot and responses to adjust to the “new normal” disruption of the dealing with COVID-19 waves, lockdowns, and companies muddling through how to adapt their business model.</li><li>The aftermath of the combination of a bazooka fiscal and monetary stimulus has resulted in the Federal Reserve embarking on the most aggressive interest rate hiking campaign in decades in attempts to arrest and reverse inflation.</li></ul>

One of the lasting legacies of the COVID-19 pandemic was the acceleration of secular trends which were already in place prior to the start pandemic such as e-commerce, flexible working arrangements, streaming/entertainment at home, digital transformation, MRNA biotechnology, among others.Many of these trends in place prior to the pandemic were turbocharged by a quick pivot and responses to adjust to the “new normal” disruption of the dealing with COVID-19 waves, lockdowns, and companies muddling through how to adapt their business model.The aftermath of the combination of a bazooka fiscal and monetary stimulus has resulted in the Federal Reserve embarking on the most aggressive interest rate hiking campaign in decades in attempts to arrest and reverse inflation.

Equity Capital Markets

Waste Management / Equity Capital Markets

<ul><li>Waste Management is off to a good start in 2023, with first-quarter performance exceeding analyst expectations.</li><li>Collection and disposal volume also increased by 0.8% in the first quarter.</li><li>Waste Management believes it is poised for another year of robust financial growth in 2023.</li></ul>

Waste Management is off to a good start in 2023, with first-quarter performance exceeding analyst expectations.Collection and disposal volume also increased by 0.8% in the first quarter.Waste Management believes it is poised for another year of robust financial growth in 2023.

Waste Management Inc.: Cleaning Up With Its Pricing Strategy – Key Drivers

United States

Waste Management, Inc. provides waste management services including collection, transfer, recycling, resource recovery and disposal services, and operates waste-to-energy facilities.  The Company serves municipal, commercial, industrial, and residential customers throughout North America.

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Waste Management (WM US)

Waste Management: Recycling Tech Transforms Business! Inside their Next-Gen Sustainability Approach! - Major Drivers

Waste Management delivered a mixed result in the recent quarter, with revenues below market expectations but surpassed the analyst consensus...

Baptista Research

Waste Management Inc: Are They Failing To Handle The Margin Pressures? – Key Drivers

Waste Management's results were a major disappointment as the company failed to meet the revenue and earnings expectations of Wall Street. Their...

Baptista Research

Weekly Stock Bullfinder - Week of 5/15

One of the lasting legacies of the COVID-19 pandemic was the acceleration of secular trends which were already in place prior to the start pandemic...

Weekly Stock Bull Finder

Waste Management Inc.: Cleaning Up With Its Pricing Strategy – Key Drivers

Waste Management is off to a good start in 2023, with first-quarter performance exceeding analyst expectations. Collection and disposal volume...

Baptista Research

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Market Cap (USDm)

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Waste Management Inc.: Is There A Negative Impact Of Inflation and The Changing Dynamic Of Sustainability-Related Capital Expenditures? - Major Drivers

Waste Management, Inc. has successfully delivered a strong end to 2023, with a 15% increase in fourth quarter operating EBITDA. This has resulted...

Baptista Research

Waste Management: Recycling Tech Transforms Business! Inside their Next-Gen Sustainability Approach! - Major Drivers

Waste Management delivered a mixed result in the recent quarter, with revenues below market expectations but surpassed the analyst consensus...

Baptista Research

Waste Management Inc: Are They Failing To Handle The Margin Pressures? – Key Drivers

Waste Management's results were a major disappointment as the company failed to meet the revenue and earnings expectations of Wall Street. Their...

Baptista Research

Weekly Stock Bullfinder - Week of 5/15

One of the lasting legacies of the COVID-19 pandemic was the acceleration of secular trends which were already in place prior to the start pandemic...

Weekly Stock Bull Finder

Waste Management Inc.: Cleaning Up With Its Pricing Strategy – Key Drivers

Waste Management is off to a good start in 2023, with first-quarter performance exceeding analyst expectations. Collection and disposal volume...

Baptista Research