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

Casey's General Stores / Equity Bottom-Up

<ul><li>Casey's General Stores reported strong financial results for the first quarter of fiscal year 2026.</li><li>Diluted earnings per share (EPS) rose by 19% to $5.77, and net income increased by 20% to $215 million, with an EBITDA growth of 20% to $414 million.</li><li>These results were primarily driven by strong in-store performance and successful fuel management strategies.</li></ul>

Casey's General Stores reported strong financial results for the first quarter of fiscal year 2026.Diluted earnings per share (EPS) rose by 19% to $5.77, and net income increased by 20% to $215 million, with an EBITDA growth of 20% to $414 million.These results were primarily driven by strong in-store performance and successful fuel management strategies.

Casey's General Stores: Is Its Competitive Edge Through The Fuel Business Sustainable?

<ul><li>Casey's General Stores' performance in Q4 and the fiscal year 2025 showed promising growth along with some challenges.</li><li>Positively, the company reported record earnings per share for the year, reaching $14.64, a 9% increase over the previous year.</li><li>Net income also increased to a record $547 million, with EBITDA hitting $1.2 billion, reflecting strong financial health.</li></ul>

Casey's General Stores' performance in Q4 and the fiscal year 2025 showed promising growth along with some challenges.Positively, the company reported record earnings per share for the year, reaching $14.64, a 9% increase over the previous year.Net income also increased to a record $547 million, with EBITDA hitting $1.2 billion, reflecting strong financial health.

Casey's General Stores Is Quietly Expanding Across America with Savvy Acquisitions & Culinary Upgrades!

<ul><li>Casey's General Stores reported its third-quarter fiscal year 2025 results, showcasing several positive developments as well as areas that remain challenging.</li><li>On the positive side, the company’s total revenue rose to $3.9 billion, a 17.3% increase from the previous year, primarily driven by a substantial 20.4% increase in fuel gallons sold and impressive 15.3% growth in inside sales.</li><li>The growth in fuel sales, despite a 4.2% decline in retail fuel prices, indicates the company's effective market strategies and potential market share gains, particularly within the Mid-Continent region.</li></ul>

Casey's General Stores reported its third-quarter fiscal year 2025 results, showcasing several positive developments as well as areas that remain challenging.On the positive side, the company’s total revenue rose to $3.9 billion, a 17.3% increase from the previous year, primarily driven by a substantial 20.4% increase in fuel gallons sold and impressive 15.3% growth in inside sales.The growth in fuel sales, despite a 4.2% decline in retail fuel prices, indicates the company's effective market strategies and potential market share gains, particularly within the Mid-Continent region.

Casey's General Stores: Expansion in Texas & Eastern States to Capitalize On Potential Acquisition Opportunities!

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

<ul><li>Casey's General Stores (CASY) is well-run and has a history of growth through organic and inorganic means</li><li>Continued store growth, margin expansion, and sound capital allocation have led to success for CASY</li><li>CASY is positioned for further growth in a favorable industry, with potential for a low-to-mid-teens IRR over the next five years</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

Casey's General Stores (CASY) is well-run and has a history of growth through organic and inorganic meansContinued store growth, margin expansion, and sound capital allocation have led to success for CASYCASY is positioned for further growth in a favorable industry, with potential for a low-to-mid-teens IRR over the next five yearsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Casey'S General Stores (CASY) - Thursday, Sep 26, 2024

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>Couche-Tard has withdrawn its offer for <a href="https://www.smartkarma.com/entities/seven-i-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:1041:1" rel="noopener">Seven &amp; I Holdings (3382 JP)</a> by unfairly laying the entire blame on the Board.</li>
<li>The Board has made credible progress, but the jury is still out on whether the Board’s plan will generate returns. Shareholders remain sceptical as the shares have underperformed the index.</li>
<li>In theory, the sell-off presents a buying opportunity (My SoTP valuation is JPY 2,376). However, the shares are likely to tread water as there are no near-term catalysts. </li>
</ul>


Couche-Tard has withdrawn its offer for Seven &amp; I Holdings (3382 JP) by unfairly laying the entire blame on the Board.
The Board has made credible progress, but the jury is still out on whether the Board’s plan will generate returns. Shareholders remain sceptical as the shares have underperformed the index.
In theory, the sell-off presents a buying opportunity (My SoTP valuation is JPY 2,376). However, the shares are likely to tread water as there are no near-term catalysts. 


Seven & I Holdings (3382 JP): Dead Money as Couche-Tard Unsurprisingly Walks

United States

Casey's General Stores, Inc. operates convenience stores in the Midwest.  The Company's stores, operating under the name Casey's General Store, carry a selection of food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items, as well as sells gasoline.

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Casey's General Stores (CASY US)

Casey's General Stores: Is Its Competitive Edge Through The Fuel Business Sustainable?

Casey's General Stores reported strong financial results for the first quarter of fiscal year 2026. Diluted earnings per share (EPS) rose by 19%...

Baptista Research

Casey's General Stores Is Quietly Expanding Across America with Savvy Acquisitions & Culinary Upgrades!

Casey's General Stores' performance in Q4 and the fiscal year 2025 showed promising growth along with some challenges. Positively, the company...

Baptista Research

Casey's General Stores: Expansion in Texas & Eastern States to Capitalize On Potential Acquisition Opportunities!

Casey's General Stores reported its third-quarter fiscal year 2025 results, showcasing several positive developments as well as areas that remain...

Baptista Research

Casey'S General Stores (CASY) - Thursday, Sep 26, 2024

Continued store growth, margin expansion, and sound capital allocation have led to success for CASY. CASY is positioned for further growth in a...

Value Investors Club (VIC)

Seven & I Holdings (3382 JP): Dead Money as Couche-Tard Unsurprisingly Walks

In theory, the sell-off presents a buying opportunity (My SoTP valuation is JPY 2,376). However, the shares are likely to tread water as there are...

Arun George

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