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 Capital Markets

<ul><li>In a challenging macroeconomic environment, Autodesk delivered a decent quarterly result and has performed in line with expectations in terms of revenues as well as earnings.</li><li>Its strong competitive performance, new business growth, and resilient subscription renewal rates were partly offset, given the geopolitical, macroeconomic policy-related headwinds.</li><li>We provide the stock of Autodesk with a ‘Hold’ rating with a revision in the target price.</li></ul>

In a challenging macroeconomic environment, Autodesk delivered a decent quarterly result and has performed in line with expectations in terms of revenues as well as earnings.Its strong competitive performance, new business growth, and resilient subscription renewal rates were partly offset, given the geopolitical, macroeconomic policy-related headwinds.We provide the stock of Autodesk with a ‘Hold’ rating with a revision in the target price.

Autodesk Inc: Reorganization of Cloud Offerings & Other Developments

<ul><li>Autodesk reported a solid quarter in terms of revenue, free cash flow, and non-GAAP operating margin.</li><li>The end market's demand remained strong for the company and it delivered another all-around beat.</li><li>Among key developments, Autodesk introduced AutoCAD Web, a new combined subscription to AutoCAD Web and AutoCAD Mobile from Autodesk with improved access to drawings.</li></ul>

Autodesk reported a solid quarter in terms of revenue, free cash flow, and non-GAAP operating margin.The end market's demand remained strong for the company and it delivered another all-around beat.Among key developments, Autodesk introduced AutoCAD Web, a new combined subscription to AutoCAD Web and AutoCAD Mobile from Autodesk with improved access to drawings.

Autodesk Inc: Introduction of AutoCAD Web & Other Drivers

<ul><li>Autodesk had a strong first quarter, with broad-based strength across products and regions.</li><li>The company’s growth drivers strengthen their position as a key player in customers' digital transformations.</li><li>Moreover, the company has proactively used its strong liquidity to accelerate repurchasing over the last two quarters and will continue to do so when market conditions allow.</li></ul>

Autodesk had a strong first quarter, with broad-based strength across products and regions.The company’s growth drivers strengthen their position as a key player in customers' digital transformations.Moreover, the company has proactively used its strong liquidity to accelerate repurchasing over the last two quarters and will continue to do so when market conditions allow.

Credit

<ul><li>Autodesk’s deteriorating revenue momentum and the lowered management expectations with respect to future cash flows have been a cause of concern for stakeholders.</li><li>The company was unable to meet management guidance in 2021 despite a fairly decent year though it did manage a strong cash generation.</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>

Autodesk’s deteriorating revenue momentum and the lowered management expectations with respect to future cash flows have been a cause of concern for stakeholders.The company was unable to meet management guidance in 2021 despite a fairly decent year though it did manage a strong cash generation.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.

Autodesk Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

<ul><li>Autodesk’s share price has taken a hit like most other software players but the management made the most out of it through the recent share repurchase at a higher rate than in previous quarters, allowing them to offset the past dilution and getting ahead of a significant portion of their estimated dilution in the coming fiscal on account of future acquisitions.</li><li>The company had a strong cash generation during the year and its free cash flow margin of 49% was phenomenal.</li><li>Autodesk’s renewal rates were strong, subscription growth was strong, and digital sales were rapidly expanding, among other factors.</li></ul>

Autodesk’s share price has taken a hit like most other software players but the management made the most out of it through the recent share repurchase at a higher rate than in previous quarters, allowing them to offset the past dilution and getting ahead of a significant portion of their estimated dilution in the coming fiscal on account of future acquisitions.The company had a strong cash generation during the year and its free cash flow margin of 49% was phenomenal.Autodesk’s renewal rates were strong, subscription growth was strong, and digital sales were rapidly expanding, among other factors.

Autodesk Inc.: Financial & Price Forecasts

United States

Autodesk, Inc. supplies PC software and multimedia tools. The Company's two-dimensional and three-dimensional products are used across industries and in the home for architectural design, mechanical design, geographic information systems and mapping, and visualization applications. Autodesk's software products are sold worldwide through a network of dealers and distributors.

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Autodesk Inc (ADSK US)

Autodesk Inc: Reorganization of Cloud Offerings & Other Developments

In a challenging macroeconomic environment, Autodesk delivered a decent quarterly result and has performed in line with expectations in terms of...

Baptista Research

Autodesk Inc: Introduction of AutoCAD Web & Other Drivers

Autodesk reported a solid quarter in terms of revenue, free cash flow, and non-GAAP operating margin. The end market's demand remained strong for...

Baptista Research

Autodesk Inc.: Customer Stickiness

Autodesk had a strong first quarter, with broad-based strength across products and regions. The company’s growth drivers strengthen their position...

Baptista Research

Autodesk Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Autodesk’s deteriorating revenue momentum and the lowered management expectations with respect to future cash flows have been a cause of concern...

Baptista Research

Autodesk Inc.: Financial & Price Forecasts

Autodesk’s share price has taken a hit like most other software players but the management made the most out of it through the recent share...

Baptista Research

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