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>Best Buy managed to deliver a strong result with revenues exceeding Wall Street expectations while navigating an uncertain macro environment.</li><li>The company has grown its Totaltech membership, launched new product categories, increased momentum in its health business, and significantly increased its average online sales delivery speed.</li><li>The company has been leveraging its omnichannel strength for serving and supporting its customers since their expectations and shopping behavior evolved significantly.</li></ul>

Best Buy managed to deliver a strong result with revenues exceeding Wall Street expectations while navigating an uncertain macro environment.The company has grown its Totaltech membership, launched new product categories, increased momentum in its health business, and significantly increased its average online sales delivery speed.The company has been leveraging its omnichannel strength for serving and supporting its customers since their expectations and shopping behavior evolved significantly.

Best Buy Co Inc.: Technical Support Related Upside & Other Drivers

<ul><li>Best Buy performed reasonably well in 2021 and its growth was driven by its investments in the supply chain, store operations, people, and technology over the last few years.</li><li>The first half of 2022 should be challenging for Best Buy given the inflationary headwinds and the supply chain challenges.</li><li>The high growth in government stimulus, and the investment in their new membership program should drive long-term value for Best Buy.</li></ul>

Best Buy performed reasonably well in 2021 and its growth was driven by its investments in the supply chain, store operations, people, and technology over the last few years.The first half of 2022 should be challenging for Best Buy given the inflationary headwinds and the supply chain challenges.The high growth in government stimulus, and the investment in their new membership program should drive long-term value for Best Buy.

Best Buy Co Inc.: Financial & Price Forecasts

<ul><li>Best Buy reported record third-quarter financial results of $11.9 billion in sales and continues to capitalize on strong customer demand as more people work, entertain, cook, and sustainably connect at home.</li><li>Additionally, the management has been investing in their long-standing advertising business, developing new capabilities to assist vendors in reaching their customers effectively.</li><li>Best Buy's relevance, customer relationships, and first-party data have grown in tandem with its ability to meet its customers' technology needs.</li></ul>

Best Buy reported record third-quarter financial results of $11.9 billion in sales and continues to capitalize on strong customer demand as more people work, entertain, cook, and sustainably connect at home.Additionally, the management has been investing in their long-standing advertising business, developing new capabilities to assist vendors in reaching their customers effectively.Best Buy's relevance, customer relationships, and first-party data have grown in tandem with its ability to meet its customers' technology needs.

Best Buy: The Pricing Challenges Might Persist (12/2021)

<ul><li>Best Buy experienced an exceptional second quarter with $11.8 billion in sales an exceptionally good earnings beat.</li><li>Its comparable sales grew by 20% and the management was successfully able to expand the operating income by as much as 40% as compared to the previous year.</li><li>An increased consumer spending ability resulting from the government stimulus, improved wages and high saving levels is bolstering the demand for Best Buy’s offerings.</li></ul>

Best Buy experienced an exceptional second quarter with $11.8 billion in sales an exceptionally good earnings beat.Its comparable sales grew by 20% and the management was successfully able to expand the operating income by as much as 40% as compared to the previous year.An increased consumer spending ability resulting from the government stimulus, improved wages and high saving levels is bolstering the demand for Best Buy’s offerings.

Mark Artherton, CFA

Inteqres

The health and safety of employees is a key factor in any ESG framework.  Companies must follow health and safety regulations locally, but many will go further than local rules in both their national and international operations.  The current Coronavirus crisis has highlighted other areas that companies must now consider when looking at meeting social goals under ESG policies.
Some companies closed operations in the current crisis before government enforcement came in, others have fought the rules and in some cases may have spuriously claimed to be 'essential operations' within the loosely defined government frameworks.
Companies will be open to both positive and negative reporting regardless of the stance they have taken.  We take the example of Samsung Electronics and its retail operations in the US to highlight the issues and the risks to future sales - especially through Best Buy - once the crisis abates.

The health and safety of employees is a key factor in any ESG framework.  Companies must follow health and safety regulations locally, but many will go further than local rules in both their national and international operations.  The current Coronavirus crisis has highlighted other areas that companies must now consider when looking at meeting social goals under ESG policies.
Some companies closed operations in the current crisis before government enforcement came in, others have fought the rules and in some cases may have spuriously claimed to be 'essential operations' within the loosely defined government frameworks.
Companies will be open to both positive and negative reporting regardless of the stance they have taken.  We take the example of Samsung Electronics and its retail operations in the US to highlight the issues and the risks to future sales - especially through Best Buy - once the crisis abates.

Should Companies Close Operations Before The Government Tells Them In a Crisis? - Inteqres ESG Bite

United States

Best Buy Co., Inc. retails consumer electronics, home office products, entertainment software, appliances and related services through its retail stores, as well as its web site.  The Company also retails pre-recorded home entertainment products through retail stores.

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Best Buy Co Inc (BBY US)

Best Buy Co Inc.: Financial & Price Forecasts

Best Buy performed reasonably well in 2021 and its growth was driven by its investments in the supply chain, store operations, people, and...

Baptista Research

Best Buy: The Pricing Challenges Might Persist (12/2021)

Best Buy reported record third-quarter financial results of $11.9 billion in sales and continues to capitalize on strong customer demand as more...

Baptista Research

Best Buy Co Inc. - Investment Thesis

Best Buy experienced an exceptional second quarter with $11.8 billion in sales an exceptionally good earnings beat. Its comparable sales grew by...

Baptista Research

Should Companies Close Operations Before The Government Tells Them In a Crisis? - Inteqres ESG Bite

The health and safety of employees is a key factor in any ESG framework. Companies must follow health and safety regulations locally, but many...

Mark Artherton, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Best Buy Co Inc.: Technical Support Related Upside & Other Drivers

Best Buy managed to deliver a strong result with revenues exceeding Wall Street expectations while navigating an uncertain macro environment. The...

Baptista Research

Best Buy Co Inc.: Financial & Price Forecasts

Best Buy performed reasonably well in 2021 and its growth was driven by its investments in the supply chain, store operations, people, and...

Baptista Research

Best Buy: The Pricing Challenges Might Persist (12/2021)

Best Buy reported record third-quarter financial results of $11.9 billion in sales and continues to capitalize on strong customer demand as more...

Baptista Research

Best Buy Co Inc. - Investment Thesis

Best Buy experienced an exceptional second quarter with $11.8 billion in sales an exceptionally good earnings beat. Its comparable sales grew by...

Baptista Research

Should Companies Close Operations Before The Government Tells Them In a Crisis? - Inteqres ESG Bite

The health and safety of employees is a key factor in any ESG framework. Companies must follow health and safety regulations locally, but many...

Mark Artherton, CFA