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>Wayfair Inc., an American e-commerce company that sells furniture and home goods, reported their Fourth Quarter 2023 earnings.</li><li>Wayfair recorded a 3% adjusted EBITDA margin, reflecting their third consecutive quarter of positive adjusted EBITDA and free cash flow.</li><li>The company's revenue base largely mirrored that of 2022, improving their free cash flow by over $1 billion in 2023.</li></ul>

Wayfair Inc., an American e-commerce company that sells furniture and home goods, reported their Fourth Quarter 2023 earnings.Wayfair recorded a 3% adjusted EBITDA margin, reflecting their third consecutive quarter of positive adjusted EBITDA and free cash flow.The company's revenue base largely mirrored that of 2022, improving their free cash flow by over $1 billion in 2023.

Wayfair Inc: Innovation In Customer Experience & Loyalty Programs Revolutionizing Growth? - Major Drivers

<ul><li>In the ever-evolving landscape of e-commerce, Wayfair Inc. finds itself at a crossroads, grappling with a significant loss in active customers and an alarming 82% drop in its share price over the past three years.</li><li>As the Boston-based home goods retailer searches for a lifeline, two Chinese e-commerce powerhouses, Shein and Temu, emerge as potential suitors, according to recent reports.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

In the ever-evolving landscape of e-commerce, Wayfair Inc. finds itself at a crossroads, grappling with a significant loss in active customers and an alarming 82% drop in its share price over the past three years.As the Boston-based home goods retailer searches for a lifeline, two Chinese e-commerce powerhouses, Shein and Temu, emerge as potential suitors, according to recent reports.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Wayfair Inc.: A Possible Acquisition On The Horizon? What Value Can It Extract? - Major Drivers

<ul><li>Wayfair Inc. exceeded analyst expectations in terms of revenue as well as earnings.</li><li>With net revenue down 3% year-over-year in Q2 compared to a category that continues to be down 10% to 20% for widely-tracked estimates like credit card and email receipt data, Wayfair significantly outperformed the competition.</li><li>Total adjusted EBITDA for the quarter was $128 million due to the revenue strength and significant expense reductions they have made across their entire P&L.</li></ul>

Wayfair Inc. exceeded analyst expectations in terms of revenue as well as earnings.With net revenue down 3% year-over-year in Q2 compared to a category that continues to be down 10% to 20% for widely-tracked estimates like credit card and email receipt data, Wayfair significantly outperformed the competition.Total adjusted EBITDA for the quarter was $128 million due to the revenue strength and significant expense reductions they have made across their entire P&L.

Wayfair Inc.: Navigating Through Short-Term Challenges to Achieve Growth! - Major Drivers

<ul><li>Wayfair managed to exceed analyst expectations in terms of revenue as well as earnings.</li><li>The company made significant strides in improving its offering and customer experience while reducing cost structure.</li><li>These efforts led to increasing market share and a significant reduction in operating expenses, bringing them close to adjusted EBITDA breakeven in Q1.</li></ul>

Wayfair managed to exceed analyst expectations in terms of revenue as well as earnings.The company made significant strides in improving its offering and customer experience while reducing cost structure.These efforts led to increasing market share and a significant reduction in operating expenses, bringing them close to adjusted EBITDA breakeven in Q1.

Wayfair Inc.: Amazing Tech Transforming The Overall Shopping Experience! – Key Drivers

Quality-first, Business-perspective Strategy, Urbem (HK) Limited

Steven Chen

Quality-first, Business-perspective Strategy

<ul>
<li>RH is the only luxury lifestyle brand at scale on this planet;</li>
<li>Both qualitative and quantitative evidence point to the emerging and probably widening economic moat around the business;</li>
<li>We see rich optionality regarding RH's growth trajectory moving forward;</li>
</ul>


RH is the only luxury lifestyle brand at scale on this planet;
Both qualitative and quantitative evidence point to the emerging and probably widening economic moat around the business;
We see rich optionality regarding RH's growth trajectory moving forward;


United States

Wayfair Inc. retails household goods online. The Company offers bedroom, living room, kitchen and dining, home entertainment, home office, game room and bar, patio, hallway and entryway, and bathroom furniture. Wayfair offers products and services in the United States.

Wayfair Inc Class A (W US)

Wayfair Inc: Innovation In Customer Experience & Loyalty Programs Revolutionizing Growth? - Major Drivers

Wayfair Inc., an American e-commerce company that sells furniture and home goods, reported their Fourth Quarter 2023 earnings. Wayfair recorded a...

Baptista Research

Wayfair Inc.: A Possible Acquisition On The Horizon? What Value Can It Extract? - Major Drivers

In the ever-evolving landscape of e-commerce, Wayfair Inc. finds itself at a crossroads, grappling with a significant loss in active customers and...

Baptista Research

Wayfair Inc.: Navigating Through Short-Term Challenges to Achieve Growth! - Major Drivers

Wayfair Inc. exceeded analyst expectations in terms of revenue as well as earnings. With net revenue down 3% year-over-year in Q2 compared to a...

Baptista Research

Wayfair Inc.: Amazing Tech Transforming The Overall Shopping Experience! – Key Drivers

Wayfair managed to exceed analyst expectations in terms of revenue as well as earnings. The company made significant strides in improving its...

Baptista Research

RH: A One-Of-Its-Kind Business

Short-termist Mr. Market appears quite bearish on this winning luxury lifestyle brand, creating opportunities for long-term, patient investors.

Steven Chen