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>Xerox Holdings Corporation's latest Q2 2024 earnings reflected a period of significant transformation, with reported efforts to strategically reposition the company for future growth.</li><li>Presenting a mixed picture, the call showcased both the transitional challenges and emerging opportunities the company faces as it endeavours to strengthen its core print, digital, and IT services.</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>

Xerox Holdings Corporation's latest Q2 2024 earnings reflected a period of significant transformation, with reported efforts to strategically reposition the company for future growth.Presenting a mixed picture, the call showcased both the transitional challenges and emerging opportunities the company faces as it endeavours to strengthen its core print, digital, and IT services.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.

Xerox Holdings Corporation: Expansion into Digital & Managed IT Services But Is It Enough? - Major Drivers

<ul><li>Xerox Holdings Corporation reported a challenging first quarter for the fiscal year 2024, marked by significant organizational changes and revenue decline.</li><li>The company reported a revenue of $1.5 billion, which is a decrease of 12.4% in actual currency and 13.2% in constant currency.</li><li>Notable was the adjusted earnings per share (EPS) of $0.06, which represented a decline of $0.43 compared to the same period last year.</li></ul>

Xerox Holdings Corporation reported a challenging first quarter for the fiscal year 2024, marked by significant organizational changes and revenue decline.The company reported a revenue of $1.5 billion, which is a decrease of 12.4% in actual currency and 13.2% in constant currency.Notable was the adjusted earnings per share (EPS) of $0.06, which represented a decline of $0.43 compared to the same period last year.

Xerox Holdings Corporation: Can The Cost Efficiency & Restructuring Initiatives Improve The Bottom-Line? - Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

<ul><li>Xerox is considered a short position due to being in a declining industry and losing market share, having a leveraged capital structure with rising costs, and facing hidden liabilities</li><li>The company's free cash flow is believed to be overstated from receivables financing, making it more expensive than it appears</li><li>Xerox has been criticized for poor capital allocation, corporate governance issues, and an Icahn greenmail exit, making it a risky investment in a struggling market.</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>

Xerox is considered a short position due to being in a declining industry and losing market share, having a leveraged capital structure with rising costs, and facing hidden liabilitiesThe company's free cash flow is believed to be overstated from receivables financing, making it more expensive than it appearsXerox has been criticized for poor capital allocation, corporate governance issues, and an Icahn greenmail exit, making it a risky investment in a struggling market.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.

Xerox Holdings Corp (XRX) - Friday, Apr 5, 2024

<ul><li>Xerox Holdings Corporation experienced a challenging 2023 marked by an uneven macroeconomic environment, resulting in strong growth in full year adjusted operating income and free cash flow but a decrease in revenue.</li><li>The corporation was able to maintain profit and cash flow targets despite weaker-than-expected macroeconomic conditions in the second half of the year, demonstrating a culture of operating discipline and resilience against operational and macroeconomic challenges.</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>

Xerox Holdings Corporation experienced a challenging 2023 marked by an uneven macroeconomic environment, resulting in strong growth in full year adjusted operating income and free cash flow but a decrease in revenue.The corporation was able to maintain profit and cash flow targets despite weaker-than-expected macroeconomic conditions in the second half of the year, demonstrating a culture of operating discipline and resilience against operational and macroeconomic challenges.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.

Xerox Holdings Corporation: Innovating for the Hybrid Workplace with New Digital Solutions! - Major Drivers

<ul><li>Xerox Holdings Corporation delivered mixed results for the previous quarter, with revenues well below analyst expectations but managed earnings beat.</li><li>In the third quarter, Xerox grew in adjusted operating income, EPS, and free cash flow despite a 5.7% decline in revenue ($1.65 billion) in actual currency and a 7.4% decline in constant currency.</li><li>By 2026, the plan aims to deliver a minimum $300 million improvement in adjusted operating income, reinstating double-digit operating income margins.</li></ul>

Xerox Holdings Corporation delivered mixed results for the previous quarter, with revenues well below analyst expectations but managed earnings beat.In the third quarter, Xerox grew in adjusted operating income, EPS, and free cash flow despite a 5.7% decline in revenue ($1.65 billion) in actual currency and a 7.4% decline in constant currency.By 2026, the plan aims to deliver a minimum $300 million improvement in adjusted operating income, reinstating double-digit operating income margins.

Xerox Holdings Corporation: Will The New Reinvention Strategy & Business Simplification Help Revive Their Fortunes? - Major Drivers

United States

Xerox Holdings Corporation operates as a holding company. The Company, through its subsidiaries provides printers, scanners, supplies, and accessories. Xerox Holdings serves health care, insurance, government and retail sectors worldwide.

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Xerox Holdings (XRX US)

Xerox Holdings Corporation: Expansion into Digital & Managed IT Services But Is It Enough? - Major Drivers

Xerox Holdings Corporation's latest Q2 2024 earnings reflected a period of significant transformation, with reported efforts to strategically...

Baptista Research

Xerox Holdings Corporation: Can The Cost Efficiency & Restructuring Initiatives Improve The Bottom-Line? - Major Drivers

Xerox Holdings Corporation reported a challenging first quarter for the fiscal year 2024, marked by significant organizational changes and revenue...

Baptista Research

Xerox Holdings Corp (XRX) - Friday, Apr 5, 2024

Xerox is considered a short position due to being in a declining industry and losing market share, having a leveraged capital structure with rising...

Value Investors Club (VIC)

Xerox Holdings Corporation: Innovating for the Hybrid Workplace with New Digital Solutions! - Major Drivers

Xerox Holdings Corporation experienced a challenging 2023 marked by an uneven macroeconomic environment, resulting in strong growth in full year...

Baptista Research

Xerox Holdings Corporation: Will The New Reinvention Strategy & Business Simplification Help Revive Their Fortunes? - Major Drivers

Xerox Holdings Corporation delivered mixed results for the previous quarter, with revenues well below analyst expectations but managed earnings...

Baptista Research

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