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>WD-40 Company's second quarter fiscal year 2024 results reflect a continued focus on strategic growth through the 4x4 strategic framework and several key initiatives that aim to expand and enhance the company's market presence.</li><li>One notable strategic maneuver is the acquisition of Theron Marketing in Brazil, which aligns with the company's objective to drive geographic expansion of the WD-40 multi-use product.</li><li>This strategic acquisition underscores a transition from a royalty-based revenue model to a direct market model in Brazil, anticipated to substantially increase revenues in the region.</li></ul>

WD-40 Company's second quarter fiscal year 2024 results reflect a continued focus on strategic growth through the 4x4 strategic framework and several key initiatives that aim to expand and enhance the company's market presence.One notable strategic maneuver is the acquisition of Theron Marketing in Brazil, which aligns with the company's objective to drive geographic expansion of the WD-40 multi-use product.This strategic acquisition underscores a transition from a royalty-based revenue model to a direct market model in Brazil, anticipated to substantially increase revenues in the region.

WD-40 Company: How Is The Premiumization Of Product Offerings Working Out For Them? - Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

<ul><li>Shorting suggestion for WD-40 due to potential decrease in earnings growth</li><li>High multiple of earnings guidance and projected 50% decrease in stock price</li><li>Factors including temporary demand spike, significant price hike, and concerns about future growth cited as reasons for shorting suggestion</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

Shorting suggestion for WD-40 due to potential decrease in earnings growthHigh multiple of earnings guidance and projected 50% decrease in stock priceFactors including temporary demand spike, significant price hike, and concerns about future growth cited as reasons for shorting suggestionThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Wd-40 Company (WDFC) - Tuesday, Jan 30, 2024

<ul><li>WD-40 Company had a decent result for the first quarter of the fiscal year 2024.</li><li>Notably, the company achieved robust revenue growth with net sales reaching $140.4 million, signifying a 12% increase from the corresponding period of the previous fiscal year.</li><li>This growth also aligns with the company's FY'24 guidance and long-term growth predictions, a sign of the company's resilience and adaptability in a highly competitive marketplace.</li></ul>

WD-40 Company had a decent result for the first quarter of the fiscal year 2024.Notably, the company achieved robust revenue growth with net sales reaching $140.4 million, signifying a 12% increase from the corresponding period of the previous fiscal year.This growth also aligns with the company's FY'24 guidance and long-term growth predictions, a sign of the company's resilience and adaptability in a highly competitive marketplace.

WD-40 Company: Initiation Of Coverage - The 4 Key Elements Catalyzing Its Growth Revealed! - Financial Forecasts

Founder, BWS Financial Inc

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BWS Financial Inc

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<ul>
<li>Previous price increases by WD-40 Company (WDFC) led to the Company reporting a year over year increase in quarterly revenue, but with those prices increases being lapped in fiscal 2024</li>
<li>WDFC was able to reduce its inventory level in the quarter, but unit volume growth remains elusive. Higher operating expenses are expected to prevent earnings growth in fiscal 2024</li>
<li>WDFC reported fiscal fourth quarter sales of $140.5 million compared to $141.7 million achieved in fiscal third quarter.</li>
</ul>


Previous price increases by WD-40 Company (WDFC) led to the Company reporting a year over year increase in quarterly revenue, but with those prices increases being lapped in fiscal 2024
WDFC was able to reduce its inventory level in the quarter, but unit volume growth remains elusive. Higher operating expenses are expected to prevent earnings growth in fiscal 2024
WDFC reported fiscal fourth quarter sales of $140.5 million compared to $141.7 million achieved in fiscal third quarter.


<ul>
<li>WD-40 Company (WDFC) reported fiscal third quarter (May) results benefiting from already announced price increases while unit volume declined in Europe and Americas regions</li>
<li>Unlike prior quarterly results where there was a clear negative in the business, this time WDFC benefited from order timing that is not likely to repeat in the fourth quarte</li>
<li>The price increases WDFC implemented were to help push gross margin back towards the 55 percent level. This has not been the case as demand has waned</li>
</ul>


WD-40 Company (WDFC) reported fiscal third quarter (May) results benefiting from already announced price increases while unit volume declined in Europe and Americas regions
Unlike prior quarterly results where there was a clear negative in the business, this time WDFC benefited from order timing that is not likely to repeat in the fourth quarte
The price increases WDFC implemented were to help push gross margin back towards the 55 percent level. This has not been the case as demand has waned


United States

WD-40 Company manufactures and markets multi-purpose lubricant products and heavy-duty hand cleaners.  The Company's WD-40 acts as a lubricant, rust preventative, penetrant, cleaner, and moisture displacer.  WD-40's 3-IN-ONE Oil is a drip oil lubricant that allows precise application. The Company also manufactures Lava heavy-duty hand cleaner and other household cleaning products.

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WD-40 Company (WDFC US)

WD-40 Company: How Is The Premiumization Of Product Offerings Working Out For Them? - Major Drivers

WD-40 Company's second quarter fiscal year 2024 results reflect a continued focus on strategic growth through the 4x4 strategic framework and...

Baptista Research

Wd-40 Company (WDFC) - Tuesday, Jan 30, 2024

Shorting suggestion for WD-40 due to potential decrease in earnings growth. High multiple of earnings guidance and projected 50% decrease in stock...

Value Investors Club (VIC)

WD-40 Company: Initiation Of Coverage - The 4 Key Elements Catalyzing Its Growth Revealed! - Financial Forecasts

WD-40 Company had a decent result for the first quarter of the fiscal year 2024. Notably, the company achieved robust revenue growth with net...

Baptista Research

WDFC: Price Increase Premium Going Away

WDFC reported mixed results and issued fiscal 2024 (August) guidance implying another round of consensus estimates declining. The stock now trades...

BWS Financial Inc

WDFC: No Margin Benefit

Sales were ahead of expectations, but management guided full year results towards the lower end of their guidance range suggesting the sales growth...

BWS Financial Inc

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