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

Broadridge Financial Solutions, Inc / Equity Bottom-Up

<ul><li>Broadridge Financial Solutions has displayed robust financial performance and maintained consistent growth in its earnings, backed by a strategy focused on transforming and digitizing the financial services industry.</li><li>The company's fiscal year 2024 concluded with a significant uplift in closed sales and improved earnings per share (EPS), demonstrating resilience and agility in a fluctuating market environment.</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>

Broadridge Financial Solutions has displayed robust financial performance and maintained consistent growth in its earnings, backed by a strategy focused on transforming and digitizing the financial services industry.The company's fiscal year 2024 concluded with a significant uplift in closed sales and improved earnings per share (EPS), demonstrating resilience and agility in a fluctuating market environment.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.

Broadridge Financial Solutions: These Are The 7 Most Critical Factors Driving Its Performance In 2025 & Beyond! - Financial Forecasts

<ul><li>Broadridge Financial Solutions recently shared its third quarter fiscal year 2024 results, providing a window into the company's performance and strategic focus.</li><li>Broadridge, known for its offerings in governance, capital markets, and wealth management, reported a 4% growth in recurring revenue and a 9% increase in adjusted EPS for the quarter.</li><li>These results slightly felt the impact of timing shifts in annual meetings, which deferred some governance revenues to the fourth quarter.</li></ul>

Broadridge Financial Solutions recently shared its third quarter fiscal year 2024 results, providing a window into the company's performance and strategic focus.Broadridge, known for its offerings in governance, capital markets, and wealth management, reported a 4% growth in recurring revenue and a 9% increase in adjusted EPS for the quarter.These results slightly felt the impact of timing shifts in annual meetings, which deferred some governance revenues to the fourth quarter.

Broadridge Financial Solutions Inc.: Strengthening Investment in Artificial Intelligence and Data! - Major Drivers

<ul><li>The latest earnings call transcript for Broadridge Financial Solutions reveals steady growth and a positive fiscal year outlook.</li><li>Broadridge achieved impressive Q2 results, with healthy organic growth across both segments aligning with their long-term goals.</li><li>Strong fund position growth and mid-single-digit equity position growth contributed to their financial performance.</li></ul>

The latest earnings call transcript for Broadridge Financial Solutions reveals steady growth and a positive fiscal year outlook.Broadridge achieved impressive Q2 results, with healthy organic growth across both segments aligning with their long-term goals.Strong fund position growth and mid-single-digit equity position growth contributed to their financial performance.

Broadridge Financial Solutions: Closed Sales Outlook & Changing Demand Environment - Will They Adapt? - 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

<ul>
<li>The <a href="https://www.smartkarma.com/entities/link-administration-holdings-ltd" target="_blank" data-smartkarma-citation="entities:970:1" rel="noopener">Link Administration (LNK AU)</a> IE considers <a href="https://www.smartkarma.com/entities/mitsubishi-ufj-financial-group" target="_blank" data-smartkarma-citation="entities:218:1" rel="noopener">Mitsubishi UFJ Financial (MUFG) (8306 JP)</a>’s A$2.26 offer fair and reasonable as it is within its A$2.11-2.70 per share valuation range.</li>
<li>The scheme remains conditional on several regulatory approvals - FIRB, Central Bank of Ireland, Isle of Man Financial Services Authority, India SEBI, and Financial Services Agency of Japan.</li>
<li>Several substantial shareholders have sold or exited, lowering the scheme's risk. At the last close and for the 16 May payment, the gross/annualised spread was 1.3%/9.7%.</li>
</ul>


The Link Administration (LNK AU) IE considers Mitsubishi UFJ Financial (MUFG) (8306 JP)’s A$2.26 offer fair and reasonable as it is within its A$2.11-2.70 per share valuation range.
The scheme remains conditional on several regulatory approvals - FIRB, Central Bank of Ireland, Isle of Man Financial Services Authority, India SEBI, and Financial Services Agency of Japan.
Several substantial shareholders have sold or exited, lowering the scheme's risk. At the last close and for the 16 May payment, the gross/annualised spread was 1.3%/9.7%.


Link Admin (LNK AU): Scheme Vote on 24 April

<ul>
<li>
<a href="https://www.smartkarma.com/entities/link-administration-holdings-ltd" target="_blank" data-smartkarma-citation="entities:970:1" rel="noopener">Link Administration (LNK AU)</a> has entered a SID with <a href="https://www.smartkarma.com/entities/mitsubishi-ufj-financial-group" target="_blank" data-smartkarma-citation="entities:218:1" rel="noopener">Mitsubishi UFJ Financial (MUFG) (8306 JP)</a> at A$2.26 (A$2.10 scheme consideration + A$0.16 dividend), a 32.9% premium to the undisturbed price.</li>
<li>The presence of several substantial shareholders, lack of irrevocables, a light offer, recent derisking of the business and a long-dated offer pose a challenge for the scheme to get up. </li>
<li>MUFG’s offer could spark a rival offer, but Link’s long-suffering shareholders have endured a history of failed bids. At the last close, the risk/reward is unfavourable.</li>
</ul>



Link Administration (LNK AU) has entered a SID with Mitsubishi UFJ Financial (MUFG) (8306 JP) at A$2.26 (A$2.10 scheme consideration + A$0.16 dividend), a 32.9% premium to the undisturbed price.
The presence of several substantial shareholders, lack of irrevocables, a light offer, recent derisking of the business and a long-dated offer pose a challenge for the scheme to get up. 
MUFG’s offer could spark a rival offer, but Link’s long-suffering shareholders have endured a history of failed bids. At the last close, the risk/reward is unfavourable.


Link Admin (LNK AU): MUFG’s Underwhelming Binding Offer

United States

Broadridge Financial Solutions Inc. provides technology-based outsourcing solutions to the financial services industry. The Company offers a broad range of solutions that help clients serve their retail and institutional customers across the entire investment lifecycle, including pre-trade, trade, and post-trade processing.

Broadridge Financial Solutions, Inc (BR US)

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Broadridge Financial Solutions, Inc (BR US)

Broadridge Financial Solutions: These Are The 7 Most Critical Factors Driving Its Performance In 2025 & Beyond! - Financial Forecasts

Broadridge Financial Solutions has displayed robust financial performance and maintained consistent growth in its earnings, backed by a strategy...

Baptista Research

Broadridge Financial Solutions Inc.: Strengthening Investment in Artificial Intelligence and Data! - Major Drivers

Broadridge Financial Solutions recently shared its third quarter fiscal year 2024 results, providing a window into the company's performance and...

Baptista Research

Broadridge Financial Solutions: Closed Sales Outlook & Changing Demand Environment - Will They Adapt? - Major Drivers

The latest earnings call transcript for Broadridge Financial Solutions reveals steady growth and a positive fiscal year outlook. Broadridge...

Baptista Research

Link Admin (LNK AU): Scheme Vote on 24 April

Several substantial shareholders have sold or exited, lowering the scheme's risk. At the last close and for the 16 May payment, the gross...

Arun George

Link Admin (LNK AU): MUFG’s Underwhelming Binding Offer

The presence of several substantial shareholders, lack of irrevocables, a light offer, recent derisking of the business and a long-dated offer pose...

Arun George

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