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>Baker Hughes Company's recent results offers mixed signals for investors, delivering a blend of positive and negative takeaways.</li><li>The solid first-quarter results highlight the company's resilience despite external volatility, with the order book and margin development indicating a path towards the achievement of full-year guidance.</li><li>A significant 11% year-on-year increase in the quarterly dividend suggests a positive outlook for investors, aligning with the company's commitment to enhance shareholder returns.</li></ul>

Baker Hughes Company's recent results offers mixed signals for investors, delivering a blend of positive and negative takeaways.The solid first-quarter results highlight the company's resilience despite external volatility, with the order book and margin development indicating a path towards the achievement of full-year guidance.A significant 11% year-on-year increase in the quarterly dividend suggests a positive outlook for investors, aligning with the company's commitment to enhance shareholder returns.

Baker Hughes Company: The 6 Fundamental Elements Driving Its Performance In 2024 & Beyond! - Major Drivers

<ul><li>In 2023, Baker Hughes made significant strides in reshaping its operations, resulting in a removal of $150 million in costs, realigning its IET business, and launching efforts to further streamline its OFSE business.</li><li>The company set records regarding all primary financial metrics, including orders, revenue, EBITDA, EPS, free cash flow, and returns.</li><li>Adjusted EBITDA saw an increase of 26% YoY, exceeding prior peak levels by 25%.</li></ul>

In 2023, Baker Hughes made significant strides in reshaping its operations, resulting in a removal of $150 million in costs, realigning its IET business, and launching efforts to further streamline its OFSE business.The company set records regarding all primary financial metrics, including orders, revenue, EBITDA, EPS, free cash flow, and returns.Adjusted EBITDA saw an increase of 26% YoY, exceeding prior peak levels by 25%.

Baker Hughes Company: Does It Have A Sustainable Competitive Advantage? - Key Drivers

<ul><li>Baker Hughes Company's Q4 2023 financial performance reveals an overall strong growth and a positive outlook for 2024.</li><li>The company made substantial progress and saw records broken for all primary financial metrics like orders, revenue, EBITDA, EPS, and free cash flow.</li><li>This growth trend shows a successful financial strategy and beneficial operational improvements.</li></ul>

Baker Hughes Company's Q4 2023 financial performance reveals an overall strong growth and a positive outlook for 2024.The company made substantial progress and saw records broken for all primary financial metrics like orders, revenue, EBITDA, EPS, and free cash flow.This growth trend shows a successful financial strategy and beneficial operational improvements.

Baker Hughes Company: Improving Consumer Demand For Integrated Solutions! - Major Drivers

<ul><li>This is our first report on energy equipments and services provider, Baker Hughes.</li><li>Despite global economic uncertainty and fluctuating commodity prices, Baker Hughes remains optimistic about the outlook for the year, emphasizing a durable upstream spending cycle driven by international and offshore markets.</li><li>Baker Hughes continues to optimize its corporate structure with a cost-reduction strategy and a focus on achieving higher margins and returns.</li></ul>

This is our first report on energy equipments and services provider, Baker Hughes.Despite global economic uncertainty and fluctuating commodity prices, Baker Hughes remains optimistic about the outlook for the year, emphasizing a durable upstream spending cycle driven by international and offshore markets.Baker Hughes continues to optimize its corporate structure with a cost-reduction strategy and a focus on achieving higher margins and returns.

Baker Hughes Co: Initiation of Coverage – Business Strategy

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<p>We continue to see increasingly more reasons to be bullish than not, and we believe the path of least resistance is higher for US equities. We also continue to recommend a “buy the dip” strategy. In this report we outline new developments, including more signs that the US dollar is rolling over, bullish developments for gold &amp; gold miners, and major breakouts for the Consumer Discretionary Sector. We also highlight attractive Groups and stocks within Materials and Energy: Copper, Gold, South Africa, Silver, Platinum, and Oil &amp; Gas Equip./Svcs., Large-Cap.</p>

We continue to see increasingly more reasons to be bullish than not, and we believe the path of least resistance is higher for US equities. We also continue to recommend a “buy the dip” strategy. In this report we outline new developments, including more signs that the US dollar is rolling over, bullish developments for gold &amp; gold miners, and major breakouts for the Consumer Discretionary Sector. We also highlight attractive Groups and stocks within Materials and Energy: Copper, Gold, South Africa, Silver, Platinum, and Oil &amp; Gas Equip./Svcs., Large-Cap.

Weakening Dollar, Strengthening Commodities

United States

Baker Hughes Company provides oilfield products and services. The Company engages in surface logging, drilling, pipeline operations, petroleum engineering, and fertilizer solutions, as well as offers gas turbines, valves, actuators, pumps, flow meters, generators, and motors. Baker Hughes serves oil and gas industries worldwide.

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Baker Hughes (BHGE US)

Baker Hughes Company: The 6 Fundamental Elements Driving Its Performance In 2024 & Beyond! - Major Drivers

Baker Hughes Company's recent results offers mixed signals for investors, delivering a blend of positive and negative takeaways. The solid...

Baptista Research

Baker Hughes Company: Does It Have A Sustainable Competitive Advantage? - Key Drivers

In 2023, Baker Hughes made significant strides in reshaping its operations, resulting in a removal of $150 million in costs, realigning its IET...

Baptista Research

Baker Hughes Company: Improving Consumer Demand For Integrated Solutions! - Major Drivers

Baker Hughes Company's Q4 2023 financial performance reveals an overall strong growth and a positive outlook for 2024. The company made...

Baptista Research

Baker Hughes Co: Initiation of Coverage – Business Strategy

This is our first report on energy equipments and services provider, Baker Hughes. Despite global economic uncertainty and fluctuating commodity...

Baptista Research

Weakening Dollar, Strengthening Commodities

We continue to see increasingly more reasons to be bullish than not, and we believe the path of least resistance is higher for US equities. We also...

Vermilion Research

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