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>Match Group, a leading company in the online dating industry, has presented mixed results in their third-quarter financial performance for 2024.</li><li>The results reflect both opportunities and challenges across different brands within the company's portfolio, particularly in flagship products such as Tinder and Hinge.On the positive side, Match Group continues to see strong momentum with Hinge, which has delivered impressive user growth and revenue achievements.</li><li>Hinge reported a 36% year-over-year increase in direct revenue, supported by a 21% rise in users willing to pay for the app, and a 12% increase in Revenue Per Payer (RPP).</li></ul>

Match Group, a leading company in the online dating industry, has presented mixed results in their third-quarter financial performance for 2024.The results reflect both opportunities and challenges across different brands within the company's portfolio, particularly in flagship products such as Tinder and Hinge.On the positive side, Match Group continues to see strong momentum with Hinge, which has delivered impressive user growth and revenue achievements.Hinge reported a 36% year-over-year increase in direct revenue, supported by a 21% rise in users willing to pay for the app, and a 12% increase in Revenue Per Payer (RPP).

Match Group Inc.: An Analysis Of Its Product Innovation & Ecosystem Health & Other Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>Match, the largest player in the online dating industry, is undervalued at less than 9x FCF, offering a compelling value opportunity.</li><li>Despite strong revenue and cash flow growth of 30% in the past three years, Match's stock price has dropped by 80%, creating a buying opportunity.</li><li>With a leading competitive position, strong FCF generation, and aggressive share repurchases, Match is poised for a 2-3x return in the next two years with downside protection, driven by its core asset Tinder's growth and subscription offerings.</li></ul>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.

Match, the largest player in the online dating industry, is undervalued at less than 9x FCF, offering a compelling value opportunity.Despite strong revenue and cash flow growth of 30% in the past three years, Match's stock price has dropped by 80%, creating a buying opportunity.With a leading competitive position, strong FCF generation, and aggressive share repurchases, Match is poised for a 2-3x return in the next two years with downside protection, driven by its core asset Tinder's growth and subscription offerings.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.

Match Group Inc (MTCH) - Monday, Jul 15, 2024

US-EU Index Rebalances / Quantitative Researcher, Ortex

Dimitris Ioannidis

US-EU Index Rebalances / Quantitative Researcher

Global Financial Data and Analytics Platform

Ortex

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/applovin-corp" target="_blank" data-smartkarma-citation="entities:32989:1" rel="noopener">AppLovin (APP US)</a> and <a href="https://www.smartkarma.com/entities/apollo-global-management-inc" target="_blank" data-smartkarma-citation="entities:28770:1" rel="noopener">Apollo Global Management (APO US)</a> are the main candidates for addition by transition as they are passing the estimated transition threshold and have strong eligibility metrics.  </li>
<li>
<a href="https://www.smartkarma.com/entities/texas-pacific-land-corp" target="_blank" data-smartkarma-citation="entities:28693:1" rel="noopener">Texas Pacific Land (TPL US)</a> is the main candidate for addition by migration - despite failing eligibility - due to its significant distance above the minimum S&amp;P500 mcap threshold. </li>
<li>
<a href="https://www.smartkarma.com/entities/emcor-group-inc" target="_blank" data-smartkarma-citation="entities:20703:1" rel="noopener">Emcor Group (EME US)</a> and <a href="https://www.smartkarma.com/entities/lennox-international-inc" target="_blank" data-smartkarma-citation="entities:16420:1" rel="noopener">Lennox International (LII US)</a> are the next candidates for addition by migration with both passing eligibility and adequate distance above the mcap threshold. </li>
</ul>



AppLovin (APP US) and Apollo Global Management (APO US) are the main candidates for addition by transition as they are passing the estimated transition threshold and have strong eligibility metrics.  

Texas Pacific Land (TPL US) is the main candidate for addition by migration - despite failing eligibility - due to its significant distance above the minimum S&amp;P500 mcap threshold. 

Emcor Group (EME US) and Lennox International (LII US) are the next candidates for addition by migration with both passing eligibility and adequate distance above the mcap threshold. 


S&P500 December 2024 Forecasts: APP, APO and TPL Leading the Pack

<ul><li>The Match Group, a leading provider of dating products, presented its Q2 2024 earnings, highlighting a mix of positive progress and challenges.</li><li>CEO Bernard Kim and CFO Gary Swidler shared insights on the company's performance and strategies, emphasizing the stabilization in user and payer trends, particularly for their flagship product, Tinder, and remarkable growth from Hinge.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

The Match Group, a leading provider of dating products, presented its Q2 2024 earnings, highlighting a mix of positive progress and challenges.CEO Bernard Kim and CFO Gary Swidler shared insights on the company's performance and strategies, emphasizing the stabilization in user and payer trends, particularly for their flagship product, Tinder, and remarkable growth from Hinge.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Match Group: The 4 Biggest Growth Drivers & The 4 Biggest Challenges In Its Path! - Financial Forecasts

<ul><li>Match Group's latest earnings revealed a challenging environment, but also highlighted several growth opportunities for the company in the long-term.</li><li>While acknowledging some headwinds, Bernard Kim, the CEO, emphasized the enduring power of their dating applications, and how they have transformed the way people meet and connect.</li><li>The transcript suggested that despite some users still harbouring a nostalgic preference for organic encounters, dating apps like those created by Match Group have become indispensable tools in today's dating scene.</li></ul>

Match Group's latest earnings revealed a challenging environment, but also highlighted several growth opportunities for the company in the long-term.While acknowledging some headwinds, Bernard Kim, the CEO, emphasized the enduring power of their dating applications, and how they have transformed the way people meet and connect.The transcript suggested that despite some users still harbouring a nostalgic preference for organic encounters, dating apps like those created by Match Group have become indispensable tools in today's dating scene.

Match Group: Will Its Investments In AI For Enhancing Their Algorithms Pay Off? - Major Drivers

United States

Match Group, Inc. is a dating service provider. The Company offers diverse portfolio of apps and services which enables connections across the spectrum of age, race, gender, sexual orientation, and backgrounds. Match Group serves customers worldwide.

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Match Group (MTCH US)

Match Group Inc.: An Analysis Of Its Product Innovation & Ecosystem Health & Other Major Drivers

Match Group, a leading company in the online dating industry, has presented mixed results in their third-quarter financial performance for...

Baptista Research

Match Group Inc (MTCH) - Monday, Jul 15, 2024

Match, the largest player in the online dating industry, is undervalued at less than 9x FCF, offering a compelling value opportunity.

Value Investors Club

S&P500 December 2024 Forecasts: APP, APO and TPL Leading the Pack

Texas Pacific Land (TPL) - the top migration candidate - has been announced as an addition to S&P500 prior to the quarterly review as it is...

Dimitris Ioannidis

Match Group: The 4 Biggest Growth Drivers & The 4 Biggest Challenges In Its Path! - Financial Forecasts

The Match Group, a leading provider of dating products, presented its Q2 2024 earnings, highlighting a mix of positive progress and...

Baptista Research

Match Group: Will Its Investments In AI For Enhancing Their Algorithms Pay Off? - Major Drivers

Match Group's latest earnings revealed a challenging environment, but also highlighted several growth opportunities for the company in the...

Baptista Research

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