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

Archer Daniels Midland Co / Equity Bottom-Up

<ul><li>In the second quarter of 2024, Archer Daniels Midland Company (ADM) reported mixed results amidst a challenging market environment.</li><li>The company announced adjusted earnings per share of $1.03 and an adjusted segment operating profit of $1 billion, reflecting the dynamics and pressures within the global commodities market.</li><li>While ADM achieved a robust cash flow from operations before working capital at $1.7 billion, the results also underscore some underlying pressures across its diverse portfolio.</li></ul>

In the second quarter of 2024, Archer Daniels Midland Company (ADM) reported mixed results amidst a challenging market environment.The company announced adjusted earnings per share of $1.03 and an adjusted segment operating profit of $1 billion, reflecting the dynamics and pressures within the global commodities market.While ADM achieved a robust cash flow from operations before working capital at $1.7 billion, the results also underscore some underlying pressures across its diverse portfolio.

Archer-Daniels-Midland Company: Unfolding Competitive Landscape & Financial Prospects! - Major Drivers

Energy Transition | AI | Shifting World Order, Mint Finance

Srinidhi Raghavendra

Energy Transition | AI | Shifting World Order

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>ADM’s Q2 results underperformed analyst expectations with both EPS and revenue missing analyst estimates.</li>
<li>Operating profit declined for Ag Services &amp; Oilseeds (ASO) and Nutrition, while Carbohydrate Solutions saw an uptick, driven by margin and volume expansion in Starches and Sweeteners.</li>
<li>ADM expects weak Q3 for AS&amp;O and Carbohydrate Solutions, with improvements expected in H2 2024. Nutrition is expected to perform strongly due to cost efficiency and volume expansion.</li>
</ul>


ADM’s Q2 results underperformed analyst expectations with both EPS and revenue missing analyst estimates.
Operating profit declined for Ag Services &amp; Oilseeds (ASO) and Nutrition, while Carbohydrate Solutions saw an uptick, driven by margin and volume expansion in Starches and Sweeteners.
ADM expects weak Q3 for AS&amp;O and Carbohydrate Solutions, with improvements expected in H2 2024. Nutrition is expected to perform strongly due to cost efficiency and volume expansion.


[Q2 Earnings Review] ADM Falls Short of Expectations on Weak Results in AS&O & Nutrition Businesses

<ul><li>In its first quarter 2024, Archer-Daniels-Midland (ADM) reported adjusted earnings per share of USD1.46, and an adjusted segment operating profit of USD1.3bn, representing an on-year decrease of 24%.</li><li>ADM also achieved a trailing 4-quarter average of 11.2% for its adjusted Return on Invested Capital (ROIC) during the same quarter, while maintaining a strong balance sheet and healthy cash flows.</li><li>Although the global grain and oilseed supply is expected to increase throughout the year amid an anticipated improvement in weather conditions, ADM proactively managed the risk of falling margins by driving the structural earnings, ROIC, and cash flow generation, enabling the company to continue investing in its business and returning cash to its shareholders.</li></ul>

In its first quarter 2024, Archer-Daniels-Midland (ADM) reported adjusted earnings per share of USD1.46, and an adjusted segment operating profit of USD1.3bn, representing an on-year decrease of 24%.ADM also achieved a trailing 4-quarter average of 11.2% for its adjusted Return on Invested Capital (ROIC) during the same quarter, while maintaining a strong balance sheet and healthy cash flows.Although the global grain and oilseed supply is expected to increase throughout the year amid an anticipated improvement in weather conditions, ADM proactively managed the risk of falling margins by driving the structural earnings, ROIC, and cash flow generation, enabling the company to continue investing in its business and returning cash to its shareholders.

Archer-Daniels-Midland Company: Strengthening Margins Through Operational Improvements & Renewable Production! - Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>ADM's stock has dropped by 22% due to an investigation into its Nutrition segment's accounting practices</li><li>Executives may have had incentives to inflate the segment's profitability, potentially leading to a scandal</li><li>While the situation presents a buying opportunity, the issue is unlikely to be as pervasive as Enron's scandal and the underlying business is expected to survive.</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>

ADM's stock has dropped by 22% due to an investigation into its Nutrition segment's accounting practicesExecutives may have had incentives to inflate the segment's profitability, potentially leading to a scandalWhile the situation presents a buying opportunity, the issue is unlikely to be as pervasive as Enron's scandal and the underlying business is expected to survive.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.

Archer-Daniels-Midland Co (ADM) - Saturday, Feb 10, 2024

<ul><li>According to the Q4 2023 earnings of Archer-Daniels-Midland Company (ADM), the company reported adjusted earnings per share (EPS) of $1.36 for the quarter.</li><li>For the fiscal year, the company reported adjusted EPS of $6.98.</li><li>The firm had an adjusted Return on Invested Capital (ROIC) of 12.2%.</li></ul>

According to the Q4 2023 earnings of Archer-Daniels-Midland Company (ADM), the company reported adjusted earnings per share (EPS) of $1.36 for the quarter.For the fiscal year, the company reported adjusted EPS of $6.98.The firm had an adjusted Return on Invested Capital (ROIC) of 12.2%.

United States

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products. The Company processes oilseeds, corn, milo, oats, barley, peanuts, and wheat. Archer-Daniels-Midland also processes produce products which have primarily two end uses including food or feed ingredients.

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Archer Daniels Midland Co (ADM US)

Archer-Daniels-Midland Company: Unfolding Competitive Landscape & Financial Prospects! - Major Drivers

In the second quarter of 2024, Archer Daniels Midland Company (ADM) reported mixed results amidst a challenging market environment. The company...

Baptista Research

[Q2 Earnings Review] ADM Falls Short of Expectations on Weak Results in AS&O & Nutrition Businesses

ADM underperforms as Ag Services & Oilseeds deliver pale results. Carb Sols sees temp improvements. Q3 is expected to be subdued even as Nutrition...

Mint Finance

Archer-Daniels-Midland Company: Strengthening Margins Through Operational Improvements & Renewable Production! - Major Drivers

In its first quarter 2024, Archer-Daniels-Midland (ADM) reported adjusted earnings per share of USD1.46, and an adjusted segment operating profit...

Baptista Research

Archer-Daniels-Midland Co (ADM) - Saturday, Feb 10, 2024

ADM's stock has dropped by 22% due to an investigation into its Nutrition segment's accounting practicesExecutives may have had incentives to...

Value Investors Club

Archer-Daniels-Midland Company: Unfolding Competitive Landscape & Financial Prospects! - Major Drivers

According to the Q4 2023 earnings of Archer-Daniels-Midland Company (ADM), the company reported adjusted earnings per share (EPS) of $1.36 for the...

Baptista Research

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