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>The latest financial results of Markel Group provide a comprehensive view of the company's current standing and its progression over the past few years.</li><li>The figures offer a mix of positive growth indicators alongside some areas of challenge that the company is working through.</li><li>One of the notable positives is the significant growth in key financial metrics over a five-year period.</li></ul>

The latest financial results of Markel Group provide a comprehensive view of the company's current standing and its progression over the past few years.The figures offer a mix of positive growth indicators alongside some areas of challenge that the company is working through.One of the notable positives is the significant growth in key financial metrics over a five-year period.

Markel Corporation: Strong International Growth & Expansion As A Critical Growth Lever! - Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>Markel is a respected insurer with strong underwriting, long-term investing, and positive company culture</li><li>Book value has grown by 15% annually since 1986 but recent stock performance has been disappointing at 6%</li><li>Challenges in reinsurance, struggles during COVID, issues in insurance linked securities, concerns in Ventures business, and social inflation impact general liability, negatively impacting the company's performance.</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>

Markel is a respected insurer with strong underwriting, long-term investing, and positive company cultureBook value has grown by 15% annually since 1986 but recent stock performance has been disappointing at 6%Challenges in reinsurance, struggles during COVID, issues in insurance linked securities, concerns in Ventures business, and social inflation impact general liability, negatively impacting the company's performance.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.

Markel Group Inc (MKL) - Friday, Jun 21, 2024

<ul><li>The Markel Group presented its second quarter 2024 results, showcasing positive contributions from its three key operational engines: insurance, investments, and ventures.</li><li>Thomas Gayner, the CEO, was joined by CFO Brian Costanzo and Jeremy Noble, the President of Insurance Operations, to discuss the financial outcomes and operational progress.</li><li>The insurance segment of The Markel Group saw a profitability improvement due to better underwriting practices, despite facing inflation and rising loss costs across various business classes.</li></ul>

The Markel Group presented its second quarter 2024 results, showcasing positive contributions from its three key operational engines: insurance, investments, and ventures.Thomas Gayner, the CEO, was joined by CFO Brian Costanzo and Jeremy Noble, the President of Insurance Operations, to discuss the financial outcomes and operational progress.The insurance segment of The Markel Group saw a profitability improvement due to better underwriting practices, despite facing inflation and rising loss costs across various business classes.

Markel Corporation: The Story Of Expanding International Operations and Product Lines! - Major Drivers

<ul><li>Markel Group reported its first-quarter 2024 results displaying a promising start to the year.</li><li>The organization managed to achieve substantial growth in revenues and operating income, attributed to successful results from all three of their operating divisions: Insurance, Investments, and Markel Ventures.</li><li>Total revenues saw a 23% increase, reaching $4.5 billion, while operating income witnessed an impressive 77% increase to $1.3 billion.</li></ul>

Markel Group reported its first-quarter 2024 results displaying a promising start to the year.The organization managed to achieve substantial growth in revenues and operating income, attributed to successful results from all three of their operating divisions: Insurance, Investments, and Markel Ventures.Total revenues saw a 23% increase, reaching $4.5 billion, while operating income witnessed an impressive 77% increase to $1.3 billion.

Markel Corporation: Initiation of Coverage -  What Is Its Core Business Strategy? - Major Drivers

Fundamental Analyses, Contrarian Cashflows

Contrarian Cashflows

Fundamental Analyses

The purpose of Contrarian Cashflows is to document my investment research and share it with everyone who is interested in value investing. My long term aspiration for Contrarian Cashflows is to become a platform for professional investors and serious amateurs where they can get inspiration and discuss investing-related topics.
I plan to publish one company deep dive per month that is guided by my investment approach. All information I use for my write-ups is publicly available and most of the time directly sourced from public filings issued by the respective companies. To guarantee maximum transparency, for every post I provide a list of all used sources in the resources section.
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<ul><li>Recently, a friend of mine asked me why I own positions in Markel and Brookfield, as they do not align with my typical investment style of small niche companies trading at attractive free cash flow yields. </li><li>I consider both companies as alternatives to index funds, benefiting from the expertise of two exceptional capital allocators, Tom Gayner and Bruce Flatt, at no additional cost.</li><li>Over time, if my investment process proves itself as sound, the positions in Markel and Brookfield should naturally decrease in size.</li></ul>

Recently, a friend of mine asked me why I own positions in Markel and Brookfield, as they do not align with my typical investment style of small niche companies trading at attractive free cash flow yields. I consider both companies as alternatives to index funds, benefiting from the expertise of two exceptional capital allocators, Tom Gayner and Bruce Flatt, at no additional cost.Over time, if my investment process proves itself as sound, the positions in Markel and Brookfield should naturally decrease in size.

United States

Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets.  The Company also underwrites a diverse property, casualty, marine, and aviation insurance and reinsurance business on a worldwide basis.

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Markel Corp (MKL US)

Markel Corporation: Strong International Growth & Expansion As A Critical Growth Lever! - Major Drivers

The latest financial results of Markel Group provide a comprehensive view of the company's current standing and its progression over the past few...

Baptista Research

Markel Group Inc (MKL) - Friday, Jun 21, 2024

Markel is a respected insurer with strong underwriting, long-term investing, and positive company culture. Book value has grown by 15% annually...

Value Investors Club

Markel Corporation: The Story Of Expanding International Operations and Product Lines! - Major Drivers

The Markel Group presented its second quarter 2024 results, showcasing positive contributions from its three key operational engines: insurance,...

Baptista Research

Markel Corporation: Initiation of Coverage - What Is Its Core Business Strategy? - Major Drivers

Markel Group reported its first-quarter 2024 results displaying a promising start to the year. The organization managed to achieve substantial...

Baptista Research

Portfolio Update: February 2024

Recently, a friend of mine asked me why I own positions in Markel and Brookfield, as they do not align with my typical investment style...

Contrarian Cashflows

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