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 wrapped up its first quarter of fiscal year 2025 with a positive outlook on its operations, financials, and strategic direction.</li><li>Led by CEO Darren Rebelez and CFO Stephen Bramlage, the company's performance reflected a strong start to the fiscal year with notable progress in both store operations and financial metrics.</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>

Casey's General Stores wrapped up its first quarter of fiscal year 2025 with a positive outlook on its operations, financials, and strategic direction.Led by CEO Darren Rebelez and CFO Stephen Bramlage, the company's performance reflected a strong start to the fiscal year with notable progress in both store operations and financial metrics.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.

Casey's General Stores Inc.: Leveraging Financial Health for Strategic Acquisitions! - Major Drivers

<ul><li>Casey's General Stores recently reported results for the fiscal fourth quarter and full year of 2024, showcasing robust performance with a range of strategic expansions and operational enhancements that underscore the company's resilience and proactivity in a volatile retail environment.</li><li>Positive outcomes were plentiful in the report.</li><li>Casey's notably achieved a record diluted earnings per share at $13.43, a 13% increase year-over-year, with net income also hitting a new high at $502 million.</li></ul>

Casey's General Stores recently reported results for the fiscal fourth quarter and full year of 2024, showcasing robust performance with a range of strategic expansions and operational enhancements that underscore the company's resilience and proactivity in a volatile retail environment.Positive outcomes were plentiful in the report.Casey's notably achieved a record diluted earnings per share at $13.43, a 13% increase year-over-year, with net income also hitting a new high at $502 million.

Casey's General Stores Inc.: Expanding Market Share Through Innovation In Food Service! - 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>In response to media reports, <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> confirmed receiving a non-binding proposal from Junro Ito (founder’s son) and Ito-Kogyo. No terms were disclosed.</li>
<li>Bloomberg suggests an MBO deal worth up to JPY9 trillion (US$58 billion), which implies an offer of JPY3,467.89, a 39.3% premium to the last close price.</li>
<li>The "white knight" MBO undermines <a href="https://www.smartkarma.com/entities/alimentation-couche-tard-inc" target="_blank" data-smartkarma-citation="entities:25103:1" rel="noopener">Alimentation Couche-Tard (ATD CN)</a>’s offer and is a proxy for the restructuring plan's value. Couche-Tard will likely walk if a binding MBO proposal emerges.</li>
</ul>


In response to media reports, Seven &amp; I Holdings (3382 JP) confirmed receiving a non-binding proposal from Junro Ito (founder’s son) and Ito-Kogyo. No terms were disclosed.
Bloomberg suggests an MBO deal worth up to JPY9 trillion (US$58 billion), which implies an offer of JPY3,467.89, a 39.3% premium to the last close price.
The "white knight" MBO undermines Alimentation Couche-Tard (ATD CN)’s offer and is a proxy for the restructuring plan's value. Couche-Tard will likely walk if a binding MBO proposal emerges.


Seven & I Holdings (3382 JP): The Rumoured MBO Price Underscores the Trapped Value

<ul><li>Casey's General Stores recently reported its third quarter results for fiscal 2024, showcasing growth in certain sectors, as well as some areas of decline.</li><li>There were both promising and underperforming aspects of the company's performance.</li><li>Diluted earnings per share ended at $2.33, a 13% decrease from the prior year.</li></ul>

Casey's General Stores recently reported its third quarter results for fiscal 2024, showcasing growth in certain sectors, as well as some areas of decline.There were both promising and underperforming aspects of the company's performance.Diluted earnings per share ended at $2.33, a 13% decrease from the prior year.

Casey's General Stores: Will Its Focus On Store Simplification & Efficiency Provide A Strategic Edge? - Major Drivers

<ul><li>This is our first report on Casey's General Stores.</li><li>The company's performance in the previous quarter remains solid as it delivered strong second-quarter results.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

This is our first report on Casey's General Stores.The company's performance in the previous quarter remains solid as it delivered strong second-quarter results.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Casey's General Stores: Initiation of Coverage - Exploding Across New Territories - How Their Bold Expansion is Winning the Market! - Major Drivers

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 Inc.: Leveraging Financial Health for Strategic Acquisitions! - Major Drivers

Casey's General Stores wrapped up its first quarter of fiscal year 2025 with a positive outlook on its operations, financials, and strategic...

Baptista Research

Seven & I Holdings (3382 JP): The Rumoured MBO Price Underscores the Trapped Value

The "white knight" MBO undermines Couche-Tard’s offer and is a proxy for the restructuring plan's value. Couche-Tard will likely walk if a binding...

Arun George

Casey's General Stores: Will Its Focus On Store Simplification & Efficiency Provide A Strategic Edge? - Major Drivers

Casey's General Stores recently reported its third quarter results for fiscal 2024, showcasing growth in certain sectors, as well as some areas of...

Baptista Research

Casey's General Stores: Initiation of Coverage - Exploding Across New Territories - How Their Bold Expansion is Winning the Market! - Major Drivers

This is our first report on Casey's General Stores. The company's performance in the previous quarter remains solid as it delivered strong...

Baptista Research

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52-week Range

Market Cap (USDm)

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Casey's General Stores Inc.: Leveraging Financial Health for Strategic Acquisitions! - Major Drivers

Casey's General Stores wrapped up its first quarter of fiscal year 2025 with a positive outlook on its operations, financials, and strategic...

Baptista Research

Casey's General Stores Inc.: Expanding Market Share Through Innovation In Food Service! - Major Drivers

Casey's General Stores recently reported results for the fiscal fourth quarter and full year of 2024, showcasing robust performance with a range...

Baptista Research

Seven & I Holdings (3382 JP): The Rumoured MBO Price Underscores the Trapped Value

The "white knight" MBO undermines Couche-Tard’s offer and is a proxy for the restructuring plan's value. Couche-Tard will likely walk if a binding...

Arun George

Casey's General Stores: Will Its Focus On Store Simplification & Efficiency Provide A Strategic Edge? - Major Drivers

Casey's General Stores recently reported its third quarter results for fiscal 2024, showcasing growth in certain sectors, as well as some areas of...

Baptista Research

Casey's General Stores: Initiation of Coverage - Exploding Across New Territories - How Their Bold Expansion is Winning the Market! - Major Drivers

This is our first report on Casey's General Stores. The company's performance in the previous quarter remains solid as it delivered strong...

Baptista Research