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>Mastercard Incorporated's latest earnings highlighted a robust financial performance for the fourth quarter of 2024 and the full fiscal year, reflecting strong growth and strategic execution across its diverse business segments.</li><li>Revenue and income both exhibited solid year-over-year growth, a testament to the company's effective strategies in expanding its Payment and Services & Solutions capabilities.</li><li>A key positive from the earnings report is Mastercard's strong revenue growth, with net revenues rising by 16% in Q4 on a currency-neutral basis, driven primarily by increased transaction volumes and vigorous demand for value-added services.</li></ul>

Mastercard Incorporated's latest earnings highlighted a robust financial performance for the fourth quarter of 2024 and the full fiscal year, reflecting strong growth and strategic execution across its diverse business segments.Revenue and income both exhibited solid year-over-year growth, a testament to the company's effective strategies in expanding its Payment and Services & Solutions capabilities.A key positive from the earnings report is Mastercard's strong revenue growth, with net revenues rising by 16% in Q4 on a currency-neutral basis, driven primarily by increased transaction volumes and vigorous demand for value-added services.

Mastercard: Can Its Cross-Border Revenue Growth Be Sustained? - Major Drivers

<ul><li>Mastercard Inc. presented its fiscal third quarter 2024 results with noteworthy overtures, reflecting robust performance across its various operational spheres.</li><li>CEO Michael Miebach highlighted significant year-over-year growth, with net revenues up 14% and adjusted net income increasing by 13%, all adjusted on a non-GAAP currency-neutral basis.</li><li>This substantial growth was propelled by consistent consumer spending and a noteworthy 17% year-over-year growth in cross-border volume.</li></ul>

Mastercard Inc. presented its fiscal third quarter 2024 results with noteworthy overtures, reflecting robust performance across its various operational spheres.CEO Michael Miebach highlighted significant year-over-year growth, with net revenues up 14% and adjusted net income increasing by 13%, all adjusted on a non-GAAP currency-neutral basis.This substantial growth was propelled by consistent consumer spending and a noteworthy 17% year-over-year growth in cross-border volume.

How Mastercard's Smart Moves in Digital Payments and Travel Are Paying Off Big!

TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

<ul>
<li>Elliott Management has bought a $2B stake in PayPal and seeks cost cutting measures.</li>
<li>PayPal has started to take action through cost cutting, a new buyback, new organizational measures, and increased focus on revenue strategy.</li>
<li>The wild card that would get us more bullish is Elliott forcing a merger with Pinterest, which would yield a readymade Dan Schulman replacement in Bill Ready.</li>
</ul>


Elliott Management has bought a $2B stake in PayPal and seeks cost cutting measures.
PayPal has started to take action through cost cutting, a new buyback, new organizational measures, and increased focus on revenue strategy.
The wild card that would get us more bullish is Elliott forcing a merger with Pinterest, which would yield a readymade Dan Schulman replacement in Bill Ready.


PayPal: Elliott Sees Opportunity, So Do We

<ul><li>Mastercard Inc. reported a robust performance in its second quarter of 2024, demonstrating significant resilience and adaptability amid a fluctuating economic landscape.</li><li>The company recorded a 13% increase in net revenues and a substantial 24% growth in adjusted net income on a non-GAAP currency-neutral basis.</li><li>These positive outcomes were primarily fueled by healthy consumer spending which continues to draw strength from a solid labor market and wage growth.</li></ul>

Mastercard Inc. reported a robust performance in its second quarter of 2024, demonstrating significant resilience and adaptability amid a fluctuating economic landscape.The company recorded a 13% increase in net revenues and a substantial 24% growth in adjusted net income on a non-GAAP currency-neutral basis.These positive outcomes were primarily fueled by healthy consumer spending which continues to draw strength from a solid labor market and wage growth.

Mastercard Incorporated: A Tale Of Cross-Border Payment Expansion & New FinTech Partnerships! - Major Drivers

<ul><li>Mastercard Inc.'s Q1 2024 earnings showcased the company's firm position in the payments sector, underpinned by robust revenue and adjusted net income growth on a non-GAAP, currency-neutral basis.</li><li>The company's strong results go beyond the uptake in consumer spending, extending to the rapid growth in cross-border volumes.</li><li>There are several factors at play that make Mastercard attractive from an investment standpoint.</li></ul>

Mastercard Inc.'s Q1 2024 earnings showcased the company's firm position in the payments sector, underpinned by robust revenue and adjusted net income growth on a non-GAAP, currency-neutral basis.The company's strong results go beyond the uptake in consumer spending, extending to the rapid growth in cross-border volumes.There are several factors at play that make Mastercard attractive from an investment standpoint.

Mastercard Incorporated:  Cross-Border Travel and Consumer Behaviors Impact! - Major Drivers

United States

MasterCard, Inc. is a global payment solutions company that provides a variety of services in support of the credit, debit and related payment programs of financial institutions. The Company offers transaction processing services for credit and debit cards, electronic cash, automated teller machines, and travelers checks.

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Mastercard (MA US)

Mastercard: Can Its Cross-Border Revenue Growth Be Sustained? - Major Drivers

Mastercard Incorporated's latest earnings highlighted a robust financial performance for the fourth quarter of 2024 and the full fiscal year,...

Baptista Research

How Mastercard's Smart Moves in Digital Payments and Travel Are Paying Off Big!

Mastercard Inc. presented its fiscal third quarter 2024 results with noteworthy overtures, reflecting robust performance across its various...

Baptista Research

PayPal: Elliott Sees Opportunity, So Do We

We think Elliott's stake in PayPal and management's 4 pronged plan announced on last week's earnings has put the floor in on PYPL. Trading at an...

Aaron Gabin

Mastercard Incorporated: A Tale Of Cross-Border Payment Expansion & New FinTech Partnerships! - Major Drivers

Mastercard Inc. reported a robust performance in its second quarter of 2024, demonstrating significant resilience and adaptability amid a...

Baptista Research

Mastercard Incorporated: Cross-Border Travel and Consumer Behaviors Impact! - Major Drivers

Mastercard Inc.'s Q1 2024 earnings showcased the company's firm position in the payments sector, underpinned by robust revenue and adjusted net...

Baptista Research

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