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>eBay Inc. reported a strong performance for the third quarter of 2024, showcasing a balance between executing targeted growth strategies and maintaining operational efficiency.</li><li>The company continued its momentum from the previous quarters, driven by focused category expansion and strategic geographic initiatives.</li><li>Gross merchandise volume (GMV) grew modestly by over 1% to $18.3 billion, which was accompanied by a revenue increase of more than 3% to $2.58 billion.</li></ul>

eBay Inc. reported a strong performance for the third quarter of 2024, showcasing a balance between executing targeted growth strategies and maintaining operational efficiency.The company continued its momentum from the previous quarters, driven by focused category expansion and strategic geographic initiatives.Gross merchandise volume (GMV) grew modestly by over 1% to $18.3 billion, which was accompanied by a revenue increase of more than 3% to $2.58 billion.

eBay Inc.: What Are Their Enhanced Monetization Strategies? - Major Drivers

<ul><li>eBay Inc.'s second quarter 2024 financial results highlight a mixed back but suggest a strategic trajectory aimed at sustainable, long-term growth.</li><li>The company reported a 2% increase in revenue to $2.57 billion and a 1% growth in Gross Merchandise Volume (GMV) to $18.4 billion.</li><li>The Non-GAAP operating margin improved to 27.9%, reflecting a disciplined approach to cost control and enhanced operational efficiency.</li></ul>

eBay Inc.'s second quarter 2024 financial results highlight a mixed back but suggest a strategic trajectory aimed at sustainable, long-term growth.The company reported a 2% increase in revenue to $2.57 billion and a 1% growth in Gross Merchandise Volume (GMV) to $18.4 billion.The Non-GAAP operating margin improved to 27.9%, reflecting a disciplined approach to cost control and enhanced operational efficiency.

eBay Inc.: Enhanced Focus on Advertising and Monetization Strategies! - 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.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/atrenew-inc" target="_blank" data-smartkarma-citation="entities:33426:1" rel="noopener">ATRenew (RERE US)</a> operates the largest pre-owned consumer electronics transactions and services platform in China. It is listed in June 2021 at US$14 per ADS. </li>
<li>The shares are down 63% YTD largely due to the tech market sell-off. Unlike most tech companies, ATRenew is starting to deliver growth with profits, cash generation and share buybacks.</li>
<li>The valuation is undemanding compared to a peer group of pre-owned marketplaces and global online retail marketplaces. It will also appeal to investors with an ESG mandate.</li>
</ul>



ATRenew (RERE US) operates the largest pre-owned consumer electronics transactions and services platform in China. It is listed in June 2021 at US$14 per ADS. 
The shares are down 63% YTD largely due to the tech market sell-off. Unlike most tech companies, ATRenew is starting to deliver growth with profits, cash generation and share buybacks.
The valuation is undemanding compared to a peer group of pre-owned marketplaces and global online retail marketplaces. It will also appeal to investors with an ESG mandate.


ATRenew (RERE US): Pre-Owned Satisfaction

<ul><li>In Q1 2024, eBay recorded robust performance, even amid the challenges posed by the global economy.</li><li>With gross merchandise volume close to flat at $18.6 billion and revenue growth exceeding 2% at $2.56 billion, eBay showcased its strong operational resilience.</li><li>Non-GAAP operating margin stood at 30.3%, and non-GAAP earnings per share rose 13% to $1.25.</li></ul>

In Q1 2024, eBay recorded robust performance, even amid the challenges posed by the global economy.With gross merchandise volume close to flat at $18.6 billion and revenue growth exceeding 2% at $2.56 billion, eBay showcased its strong operational resilience.Non-GAAP operating margin stood at 30.3%, and non-GAAP earnings per share rose 13% to $1.25.

eBay Inc.: These Are The 6 Pivotal Factors Influencing Their Performance In 2024 & Beyond! - Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>eBay has the potential to become a trillion-dollar AI powerhouse in e-commerce</li><li>Offers anti-inflationary savings and eliminates fraud risks</li><li>Seen as undervalued with high growth potential compared to Amazon</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>

eBay has the potential to become a trillion-dollar AI powerhouse in e-commerceOffers anti-inflationary savings and eliminates fraud risksSeen as undervalued with high growth potential compared to AmazonThis 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.

United States

eBay Inc. operates an online trading community.  The Company's service is used by buyers and sellers for the exchange of products and services such as coins, collectibles, computers, memorabilia, stamps and toys, as well as concert and sporting tickets.  eBay also offers, through a subsidiary, secure online payment services.

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Ebay Inc (EBAY US)

eBay Inc.: What Are Their Enhanced Monetization Strategies? - Major Drivers

eBay Inc. reported a strong performance for the third quarter of 2024, showcasing a balance between executing targeted growth strategies and...

Baptista Research

eBay Inc.: Enhanced Focus on Advertising and Monetization Strategies! - Major Drivers

eBay Inc.'s second quarter 2024 financial results highlight a mixed back but suggest a strategic trajectory aimed at sustainable, long-term...

Baptista Research

ATRenew (RERE US): Pre-Owned Satisfaction

Unlike most tech companies, ATRenew is starting to deliver growth with profits, cash generation and share buybacks. The valuation remains undemanding.

Arun George

eBay Inc.: These Are The 6 Pivotal Factors Influencing Their Performance In 2024 & Beyond! - Major Drivers

In Q1 2024, eBay recorded robust performance, even amid the challenges posed by the global economy. With gross merchandise volume close to flat at...

Baptista Research

Ebay Inc (EBAY) - Monday, Jan 22, 2024

eBay has the potential to become a trillion-dollar AI powerhouse in e-commerce. Offers anti-inflationary savings and eliminates fraud risks

Value Investors Club

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