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

<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

<ul><li>Fleetcor Technologies' Q4 results were stronger than anticipated, surpassing Wall Street expectations in terms of revenues as well as earnings and also surpassing the upper limit of the management’s guidance in terms of revenues.</li><li>The company's organic revenue increase was 7%.</li><li>Its total sales increased by 19%, retention remained constant at 92%, and same-store results were up 2% for the quarter.</li></ul>

Fleetcor Technologies' Q4 results were stronger than anticipated, surpassing Wall Street expectations in terms of revenues as well as earnings and also surpassing the upper limit of the management’s guidance in terms of revenues.The company's organic revenue increase was 7%.Its total sales increased by 19%, retention remained constant at 92%, and same-store results were up 2% for the quarter.

FLEETCOR Technologies Inc.: A Hidden Gem In Payment Solutions? – Key Drivers

Credit

<ul><li>FLEETCOR Technologies is a well-known digital payment solutions provider to businesses across the world.</li><li>The company’s financial results have been reasonably good in recent times and have exceeded management expectations in terms of revenues as well as earnings.</li><li>Corporate payments have been increasing in double-digits as per the company’s recent results due to strong new sales, domestically and abroad.</li></ul>

FLEETCOR Technologies is a well-known digital payment solutions provider to businesses across the world.The company’s financial results have been reasonably good in recent times and have exceeded management expectations in terms of revenues as well as earnings.Corporate payments have been increasing in double-digits as per the company’s recent results due to strong new sales, domestically and abroad.

FLEETCOR Technologies Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

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)

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

FLEETCOR Technologies Inc.: A Hidden Gem In Payment Solutions? – Key Drivers

Fleetcor Technologies' Q4 results were stronger than anticipated, surpassing Wall Street expectations in terms of revenues as well as earnings and...

Baptista Research

FLEETCOR Technologies Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

FLEETCOR Technologies is a well-known digital payment solutions provider to businesses across the world. The company’s financial results have been...

Baptista Research

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