Independent research on the U.S. markets, Baptista Research

Baptista Research

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.

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

Archer Daniels Midland Co / Equity Bottom-Up

<ul><li>Archer Daniels Midland Company reported first-quarter 2026 adjusted earnings per share of $0.71 and total segment operating profit of $764 million, indicating solid operational performance amid a complex macro environment.</li><li>The company’s trailing 12-month adjusted return on invested capital was 6.4%, with cash flow from operations before working capital changes at $442 million.</li><li>The quarter showcased strengthening margins in soybean crushing and ethanol segments, driven by favorable commodity dynamics and the U.S. Environmental Protection Agency’s (EPA) finalization of renewable volume obligations (RVO) for 2026 and 2027, which support demand for domestic feedstocks such as corn and soybeans.</li></ul>

Archer Daniels Midland Company reported first-quarter 2026 adjusted earnings per share of $0.71 and total segment operating profit of $764 million, indicating solid operational performance amid a complex macro environment.The company’s trailing 12-month adjusted return on invested capital was 6.4%, with cash flow from operations before working capital changes at $442 million.The quarter showcased strengthening margins in soybean crushing and ethanol segments, driven by favorable commodity dynamics and the U.S. Environmental Protection Agency’s (EPA) finalization of renewable volume obligations (RVO) for 2026 and 2027, which support demand for domestic feedstocks such as corn and soybeans.

Archer Daniels Midland: Can $4.70 EPS Guidance Survive Commodity Volatility?