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>Ball Corporation reported its second quarter 2024 earnings, depicting a strategic navigation through a mixed market landscape, facing both headwinds and tailwinds across its various regional operations.</li>
<li>The company's global beverage can shipments and aerosol shipments experienced growth rates of 2.8% and 5.6% respectively, indicating strong demand for sustainable aluminum packaging solutions—an area in which Ball continues to cement its leadership.</li>
<li>This growth, however, came amidst varying regional dynamics, from exceeding expectations in North America and EMEA to confronting challenges in South America, particularly due to economic volatility in Argentina.</li>
</ul>


Ball Corporation reported its second quarter 2024 earnings, depicting a strategic navigation through a mixed market landscape, facing both headwinds and tailwinds across its various regional operations.
The company's global beverage can shipments and aerosol shipments experienced growth rates of 2.8% and 5.6% respectively, indicating strong demand for sustainable aluminum packaging solutions—an area in which Ball continues to cement its leadership.
This growth, however, came amidst varying regional dynamics, from exceeding expectations in North America and EMEA to confronting challenges in South America, particularly due to economic volatility in Argentina.


Ball Corporation: A Story Of Growing Market Share in Strategic Geographies!

<ul>
<li>The Ball Corporation's earnings for the fourth quarter highlighted several of its strategic decisions, performance outcomes, and upcoming developments.</li>
<li>The company had strong operating results in the fourth quarter and throughout 2023 which generated a free cash flow of $818 million.</li>
<li>The company's strategic decisions ranged from the sale of its aerospace business to adjustments in its manufacturing footprint.</li>
</ul>


The Ball Corporation's earnings for the fourth quarter highlighted several of its strategic decisions, performance outcomes, and upcoming developments.
The company had strong operating results in the fourth quarter and throughout 2023 which generated a free cash flow of $818 million.
The company's strategic decisions ranged from the sale of its aerospace business to adjustments in its manufacturing footprint.


Ball Corporation: A Story Of Market Dominance & Adaptive Approach! - Major Drivers

<ul>
<li>Ball Corporation delivered a mixed result in the recent quarter, with revenues below market expectations but surpassed the analyst consensus regarding earnings.</li>
<li>In the third quarter, they improved operational efficiencies and successful measures to counter inflationary costs.</li>
<li>Notably, they navigated through a $14 million operating earnings headwind from the Russian sale and $43 million higher interest expense.</li>
</ul>


Ball Corporation delivered a mixed result in the recent quarter, with revenues below market expectations but surpassed the analyst consensus regarding earnings.
In the third quarter, they improved operational efficiencies and successful measures to counter inflationary costs.
Notably, they navigated through a $14 million operating earnings headwind from the Russian sale and $43 million higher interest expense.


Ball Corporation: Forecasting Growth Amid Dynamic Consumer Demands!

<ul>
<li>Ball Corporation delivered mixed results for the previous quarter, with revenues below analyst expectations but on-par earnings.</li>
<li>The year 2023 presented challenges for Ball Corporation, as comparable diluted earnings per share declined to $0.61 from $0.82 in 2022.</li>
<li>Net comparable earnings also decreased in the second quarter, driven by higher interest expenses, the impact of the Russian business sale in 2022, lower volumes, and increased corporate costs.</li>
</ul>


Ball Corporation delivered mixed results for the previous quarter, with revenues below analyst expectations but on-par earnings.
The year 2023 presented challenges for Ball Corporation, as comparable diluted earnings per share declined to $0.61 from $0.82 in 2022.
Net comparable earnings also decreased in the second quarter, driven by higher interest expenses, the impact of the Russian business sale in 2022, lower volumes, and increased corporate costs.


Ball Corporation: The Silver Lining in North America's Inflation Recovery! - Major Drivers

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

Greatview Aseptic Packaging / Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/greatview-aseptic-packaging" target="_blank" data-smartkarma-citation="entities:10802:1" rel="noopener">Greatview Aseptic Packaging (468 HK)</a> disclosed that Mr Bi Hua Jeff (CEO) and Mr Hong Gang (co-founder) are contemplating a possible voluntary conditional offer. The terms and conditions were not disclosed.</li>
<li>Due to the recent AGM protest votes, management needed to provide a credible alternative to shareholders to ensure that <a href="https://www.smartkarma.com/entities/shandong-xinjufeng-technology-packaging-co-ltd" target="_blank" data-smartkarma-citation="entities:36744:1" rel="noopener">Shandong Xinjufeng Technology Packaging (301296 CH)</a>’s offer failed.   </li>
<li>Shandong Xinjufeng's likely game plan is to wait for a binding counteroffer, focus on satisfying the preconditions, and requisition an EGM again to get Board representation.</li>
</ul>



Greatview Aseptic Packaging (468 HK) disclosed that Mr Bi Hua Jeff (CEO) and Mr Hong Gang (co-founder) are contemplating a possible voluntary conditional offer. The terms and conditions were not disclosed.
Due to the recent AGM protest votes, management needed to provide a credible alternative to shareholders to ensure that Shandong Xinjufeng Technology Packaging (301296 CH)’s offer failed.   
Shandong Xinjufeng's likely game plan is to wait for a binding counteroffer, focus on satisfying the preconditions, and requisition an EGM again to get Board representation.


GA Pack (468 HK): Stalemate Broken as Management Considers a Possible Counteroffer

United States

Ball Corporation provides metal packaging for beverages, foods, and household products. The Company also supplies aerospace and other technologies and services to commercial and governmental customers. Ball serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Ball (BALL US)

Ball Corporation: A Story Of Market Dominance & Adaptive Approach! - Major Drivers

The Ball Corporation's earnings for the fourth quarter highlighted several of its strategic decisions, performance outcomes, and upcoming...

Baptista Research

Ball Corporation: Forecasting Growth Amid Dynamic Consumer Demands!

Ball Corporation delivered a mixed result in the recent quarter, with revenues below market expectations but surpassed the analyst consensus...

Baptista Research

Ball Corporation: The Silver Lining in North America's Inflation Recovery! - Major Drivers

Ball Corporation delivered mixed results for the previous quarter, with revenues below analyst expectations but on-par earnings. The year 2023...

Baptista Research

GA Pack (468 HK): Stalemate Broken as Management Considers a Possible Counteroffer

As expected, Shandong Xinjufeng has resubmitted an EGM requisition for appointing two director nominees, this time with the correct entity. The...

Arun George

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Ball Corporation: A Story Of Growing Market Share in Strategic Geographies!

Ball Corporation reported its second quarter 2024 earnings, depicting a strategic navigation through a mixed market landscape, facing both...

Baptista Research

Ball Corporation: A Story Of Market Dominance & Adaptive Approach! - Major Drivers

The Ball Corporation's earnings for the fourth quarter highlighted several of its strategic decisions, performance outcomes, and upcoming...

Baptista Research

Ball Corporation: Forecasting Growth Amid Dynamic Consumer Demands!

Ball Corporation delivered a mixed result in the recent quarter, with revenues below market expectations but surpassed the analyst consensus...

Baptista Research

Ball Corporation: The Silver Lining in North America's Inflation Recovery! - Major Drivers

Ball Corporation delivered mixed results for the previous quarter, with revenues below analyst expectations but on-par earnings. The year 2023...

Baptista Research

GA Pack (468 HK): Stalemate Broken as Management Considers a Possible Counteroffer

As expected, Shandong Xinjufeng has resubmitted an EGM requisition for appointing two director nominees, this time with the correct entity. The...

Arun George