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, a leader in aluminum packaging, reported its third quarter earnings for the fiscal year 2024, presenting a mixed landscape influenced by diverse regional performance and strategic acquisitions.</li>
<li>Starting on the positive side, Ball Corporation reported a net earnings increase to $278 million, marking a 6% improvement from the previous year, attributable to strong operational performance and advantageous price/mix effects.</li>
<li>Highlighted within the third quarter's success was the acquisition of Alucan Entec, which strategically expands Ball’s capacity and diversifies its customer base in Europe by introducing more advanced extruded aluminum aerosol technology.</li>
</ul>


Ball Corporation, a leader in aluminum packaging, reported its third quarter earnings for the fiscal year 2024, presenting a mixed landscape influenced by diverse regional performance and strategic acquisitions.
Starting on the positive side, Ball Corporation reported a net earnings increase to $278 million, marking a 6% improvement from the previous year, attributable to strong operational performance and advantageous price/mix effects.
Highlighted within the third quarter's success was the acquisition of Alucan Entec, which strategically expands Ball’s capacity and diversifies its customer base in Europe by introducing more advanced extruded aluminum aerosol technology.


Ball Corporation: Geographic & Sector Diversification Driving Our ‘Outperform’ Rating!

<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!

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>Unsurprisingly, the <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> Board has recommended shareholders vote against the appointment of <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 two director nominees.</li>
<li>The EGM vote on 18 October is too close to call and depends on Shandong Xinjufeng and management's ability to rally disengaged minorities to their respective causes.   </li>
<li>Irrespective of the EGM vote results, Shandong Xinjufeng will be keen to launch its offer to ward off the threat of a possible competing offer from management. </li>
</ul>


Unsurprisingly, the Greatview Aseptic Packaging (468 HK) Board has recommended shareholders vote against the appointment of Shandong Xinjufeng Technology Packaging (301296 CH)’s two director nominees.
The EGM vote on 18 October is too close to call and depends on Shandong Xinjufeng and management's ability to rally disengaged minorities to their respective causes.   
Irrespective of the EGM vote results, Shandong Xinjufeng will be keen to launch its offer to ward off the threat of a possible competing offer from management. 


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.

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Ball (BALL US)

Ball Corporation: Geographic & Sector Diversification Driving Our ‘Outperform’ Rating!

Starting on the positive side, Ball Corporation reported a net earnings increase to $278 million, marking a 6% improvement from the previous year

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

GA Pack (468 HK): Crunch Time

The EGM vote will be close. Irrespective of the vote, Shandong Xinjufeng has a solid incentive to satisfy its offer’s precondition and management...

Arun George

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Ball Corporation: Geographic & Sector Diversification Driving Our ‘Outperform’ Rating!

Starting on the positive side, Ball Corporation reported a net earnings increase to $278 million, marking a 6% improvement from the previous year

Baptista Research

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

GA Pack (468 HK): Crunch Time

The EGM vote will be close. Irrespective of the vote, Shandong Xinjufeng has a solid incentive to satisfy its offer’s precondition and management...

Arun George