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

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<li>Corpay's first quarter of 2024 showcased a balanced reflection of the company's market dynamics and internal strategic adjustments, leading into the fiscal year.</li>
<li>Noteworthy from the comprehensive discussion on Corpay's strategies and financial status are several areas of performance and forward-looking strategies that could influence an investment stance.</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>


Corpay's first quarter of 2024 showcased a balanced reflection of the company's market dynamics and internal strategic adjustments, leading into the fiscal year.
Noteworthy from the comprehensive discussion on Corpay's strategies and financial status are several areas of performance and forward-looking strategies that could influence an investment stance.
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.


Corpay Inc.: How Will They Survive The North American Vehicle Business Challenges?  - Major Drivers

<ul><li>FLEETCOR Technologies Inc.</li><li>has reported mixed results for Q4 and full year 2023.</li><li>Revenue for Q4 reached $937 million, registering a 6% upsurge; while cash EPS recorded a rise of 10% at $4.44, and EBITDA was approximately $500 million, 11% higher than the previous period.</li></ul>

FLEETCOR Technologies Inc.has reported mixed results for Q4 and full year 2023.Revenue for Q4 reached $937 million, registering a 6% upsurge; while cash EPS recorded a rise of 10% at $4.44, and EBITDA was approximately $500 million, 11% higher than the previous period.

FLEETCOR Technologies: A Story Of Improved Client Retention & Service Adoption! - Major Drivers

<ul><li>Fleetcor disclosed a mediocre financial results for Q3, with a below-par revenue of $971 million, reflecting a 9% increase, and an on-par cash EPS of $4.49, up by 6% compared to the previous year.</li><li>Notably, organic revenue growth in Q3 reached an impressive 10%, with the Corporate Payments business maintaining a commendable 20% growth rate.</li><li>The company remains optimistic about its 2024 outlook, anticipating neutral to slightly positive macroeconomic conditions, consistent organic revenue growth, and favorable profit drivers.</li></ul>

Fleetcor disclosed a mediocre financial results for Q3, with a below-par revenue of $971 million, reflecting a 9% increase, and an on-par cash EPS of $4.49, up by 6% compared to the previous year.Notably, organic revenue growth in Q3 reached an impressive 10%, with the Corporate Payments business maintaining a commendable 20% growth rate.The company remains optimistic about its 2024 outlook, anticipating neutral to slightly positive macroeconomic conditions, consistent organic revenue growth, and favorable profit drivers.

FLEETCOR Technologies Inc.: Can The Acquisition Of PayByPhone Become A Game Changer? - Major Drivers

<ul><li>Fleetcor Technologies managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.</li><li>Both print revenue growth and organic revenue growth stood at 10% for the quarter.</li><li>While Q2 print revenue benefited from acquisition revenue, it was offset by lower fuel prices.</li></ul>

Fleetcor Technologies managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.Both print revenue growth and organic revenue growth stood at 10% for the quarter.While Q2 print revenue benefited from acquisition revenue, it was offset by lower fuel prices.

Fleetcor Technologies Inc: Discover the 5 Key Moves Behind Their Success! - Major Drivers

Equity Capital Markets

<ul><li>FLEETCOR Technologies delivered another all-around beat while managing a decent top-line growth and accretive operating leverage.</li><li>The company had $901 million in revenue, a 14% increase, and cash EPS of $3.80, a 4% increase.</li><li>We give FLEETCOR Technologies, Inc. a 'Hold' rating with a revised target price.</li></ul>

FLEETCOR Technologies delivered another all-around beat while managing a decent top-line growth and accretive operating leverage.The company had $901 million in revenue, a 14% increase, and cash EPS of $3.80, a 4% increase.We give FLEETCOR Technologies, Inc. a 'Hold' rating with a revised target price.

FLEETCOR Technologies Inc.: Is The Double-Digit Organic Growth Enough To Make It A Buy? – Key Drivers

United States

Corpay, Inc. operates as a business payments company. The Company offers global payment, currency risk management, and invoice automation solutions which help businesses to control, simplify, and secure payment for vehicle related expenses, general payables, tolls, insurance, and lodging expenses. Corpay serves customers worldwide.

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Corpay (CPAY US)

Corpay Inc.: How Will They Survive The North American Vehicle Business Challenges? - Major Drivers

Corpay's first quarter of 2024 showcased a balanced reflection of the company's market dynamics and internal strategic adjustments, leading into...

Baptista Research

FLEETCOR Technologies: A Story Of Improved Client Retention & Service Adoption! - Major Drivers

FLEETCOR Technologies Inc. has reported mixed results for Q4 and full year 2023. Revenue for Q4 reached $937 million, registering a 6% upsurge;...

Baptista Research

FLEETCOR Technologies Inc.: Can The Acquisition Of PayByPhone Become A Game Changer? - Major Drivers

Fleetcor disclosed a mediocre financial results for Q3, with a below-par revenue of $971 million, reflecting a 9% increase, and an on-par cash EPS...

Baptista Research

Fleetcor Technologies Inc: Discover the 5 Key Moves Behind Their Success! - Major Drivers

Fleetcor Technologies managed to surpass the revenue expectations as well as the earnings expectations of Wall Street. Both print revenue growth...

Baptista Research

FLEETCOR Technologies Inc.: Is The Double-Digit Organic Growth Enough To Make It A Buy? – Key Drivers

FLEETCOR Technologies delivered another all-around beat while managing a decent top-line growth and accretive operating leverage. The company had...

Baptista Research

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