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>Dover delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as earnings expectations of Wall Street.</li><li>However, they faced operational challenges in their vehicle service group due to an ERP implementation, resulting in a loss of revenue and EPS.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

Dover delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as earnings expectations of Wall Street.However, they faced operational challenges in their vehicle service group due to an ERP implementation, resulting in a loss of revenue and EPS.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Dover Corporation: Recovery Plan & Cost Reduction Strategies Set to Reverse Their Fortunes? – Key Drivers

Equity Capital Markets

<ul><li>Dover had a good early-year production performance, which enabled it to deliver an all-around beat in the last quarter and also begin reducing its inventory balances towards the end of the quarter.</li><li>Most of the company's input and supply chain bottlenecks have disappeared, allowing manufacturing lead times to return to pre-pandemic levels.</li><li>As a result, order patterns have become more normalized, shipping volumes have increased, and the elevated backlog has been gradually reduced.</li></ul>

Dover had a good early-year production performance, which enabled it to deliver an all-around beat in the last quarter and also begin reducing its inventory balances towards the end of the quarter.Most of the company's input and supply chain bottlenecks have disappeared, allowing manufacturing lead times to return to pre-pandemic levels.As a result, order patterns have become more normalized, shipping volumes have increased, and the elevated backlog has been gradually reduced.

Dover Corporation: Is There Any Kind Of Sustainable Competitive Advantage? – Key Drivers

<ul><li>This is our first report on Dover Corporation, a multifaceted international manufacturer offering cutting-edge machinery and parts, consumables, aftermarket components, software and digital solutions, and support services.</li><li>The company's last result was an all-around beat resulting from a good execution by the management and better price dynamics.</li><li>Demand for services, consumables, and pricing decisions helped the quarter be profitable.</li></ul>

This is our first report on Dover Corporation, a multifaceted international manufacturer offering cutting-edge machinery and parts, consumables, aftermarket components, software and digital solutions, and support services.The company's last result was an all-around beat resulting from a good execution by the management and better price dynamics.Demand for services, consumables, and pricing decisions helped the quarter be profitable.

Dover Corporation: Initiation of Coverage – Business Strategy & Key Developments

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<p>Encouraging developments continue to pour in. Over the past week we have seen dramatic improvements that could be setting the stage for a broad-based advance. We highlight these improvements in this report, along with what we would like to see in order to have confidence in labeling this a bull market.  In today’s report we also highlight attractive Groups and stocks within Energy, Financials, Manufacturing, and Technology: Refining, Banks, Super-Regional, Industrial, Diversified, Large-Cap, and Data Storage Solutions &amp; Devices, Large-Cap.</p>

Encouraging developments continue to pour in. Over the past week we have seen dramatic improvements that could be setting the stage for a broad-based advance. We highlight these improvements in this report, along with what we would like to see in order to have confidence in labeling this a bull market.  In today’s report we also highlight attractive Groups and stocks within Energy, Financials, Manufacturing, and Technology: Refining, Banks, Super-Regional, Industrial, Diversified, Large-Cap, and Data Storage Solutions &amp; Devices, Large-Cap.

U.S. Equity Strategy: Dramatic Improvement

United States

Dover Corporation manufactures industrial products and manufacturing equipments. The Company's products includes printing, identification, marking and coding systems, waste handling, industrial equipments, refrigeration systems, display cases, industrial pumps, fuel dispensers, nozzles, piping, and electronic tank gauge equipments. Dover serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Dover Corp (DOV US)

Dover Corporation: Recovery Plan & Cost Reduction Strategies Set to Reverse Their Fortunes? – Key Drivers

Dover delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as earnings expectations of Wall...

Baptista Research

Dover Corporation: Is There Any Kind Of Sustainable Competitive Advantage? – Key Drivers

Dover had a good early-year production performance, which enabled it to deliver an all-around beat in the last quarter and also begin reducing its...

Baptista Research

Dover Corporation: Initiation of Coverage – Business Strategy & Key Developments

This is our first report on Dover Corporation, a multifaceted international manufacturer offering cutting-edge machinery and parts, consumables,...

Baptista Research

Dover Corporation: Initiation of Coverage – Business Strategy & Key Developments

This is our first report on Dover Corporation, a multifaceted international manufacturer offering cutting-edge machinery and parts, consumables,...

Baptista Research

U.S. Equity Strategy: Dramatic Improvement

Encouraging developments continue to pour in. Over the past week we have seen dramatic improvements that could be setting the stage for a...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)