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.

Credit

<ul><li>McCormick has had a decent year-to-date financial performance as a result of the successful execution of the management's strategies and the company is on track for a fairly good 2022.</li><li>McCormick’s consumer segment sales continued to reflect the sustained shift to higher at-home consumption than pre-pandemic levels, despite being at a year-ago high.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

McCormick has had a decent year-to-date financial performance as a result of the successful execution of the management's strategies and the company is on track for a fairly good 2022.McCormick’s consumer segment sales continued to reflect the sustained shift to higher at-home consumption than pre-pandemic levels, despite being at a year-ago high.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

McCormick & Co: Detailed Credit Analysis & Financial Strength Evaluation Report

Equity Capital Markets

McCormick & Company / Equity Capital Markets

<ul><li>McCormick has evolved to become a leading producer and distributor of spices, seasoning mixes, hot sauces, condiments and other flavored products.</li><li>Despite the food industry suffering from heavy inflationary pressures, McCormick was able to expand its adjusted operating income by 9% which is a very positive sign.</li><li>Despite fairly strong comps from 2020, the fact that the company has been able to deliver a positive growth is a positive sign.</li></ul>

McCormick has evolved to become a leading producer and distributor of spices, seasoning mixes, hot sauces, condiments and other flavored products.Despite the food industry suffering from heavy inflationary pressures, McCormick was able to expand its adjusted operating income by 9% which is a very positive sign.Despite fairly strong comps from 2020, the fact that the company has been able to deliver a positive growth is a positive sign.

McCormick & Company Incorporated - Investment Thesis

<ul><li>With the ongoing bull market, one of the most common trends is the investor community exiting defensive stocks and going in for high-growth plays which is why companies like McCormick have suffered.</li><li>Its strong pricing power and its performance in high-growth markets like China have been major growth drivers.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

With the ongoing bull market, one of the most common trends is the investor community exiting defensive stocks and going in for high-growth plays which is why companies like McCormick have suffered.Its strong pricing power and its performance in high-growth markets like China have been major growth drivers.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

McCormick & Company Inc. - Investment Thesis

Director | Exposing Creative Accounting, Bucephalus Research Partnership

Robert Medd

Director | Exposing Creative Accounting

Exposing Creative Accounting

Bucephalus Research Partnership

Bucephalus Research Partnership Limited. Exposing Creative Accounting.

At the Bucephalus Research Partnership (BRP) we analyse financial statements using our accountant's practical experience and our own quantitative algorithms for corporate governance, accounting risk and peer performance.

Our thematic research refines our unique algorithms while our single stock research focuses on examples where we discover a significant gap between published accounts and business reality.

​Bucephalus Research Partnership:
- Is an independent fee-based research service
- Does not take proprietary positions, long or short
- Does not solicit business or fees from the corporates we review

Forensic Accounting

The Bucephalus Idea Generator (BIG) picks stocks by combining our work on Creative Accounting and our work on capex and valuation cycles to see which companies are forecast to generate extreme returns and/or are on extreme valuations. The model then creates performance outcomes to search for absolute and relative investment ideas.We run the model every month to see what has changed and which companies are worthy of further investigation.<a href="https://www.buceph.com/bucephalus-idea-model-604975.html" target="_blank">Click here </a>to download a sample company overview from the Bucephalus Idea Generator.

The Bucephalus Idea Generator (BIG) picks stocks by combining our work on Creative Accounting and our work on capex and valuation cycles to see which companies are forecast to generate extreme returns and/or are on extreme valuations. The model then creates performance outcomes to search for absolute and relative investment ideas.We run the model every month to see what has changed and which companies are worthy of further investigation.Click here to download a sample company overview from the Bucephalus Idea Generator.

Extreme Valuations: Global Stock Ideas Using the BORUC Yield

Bespoke Research on China and neighbouring regions, Bixmoor

Bixmoor

Bespoke Research on China and neighbouring regions

Bixmoor specialises in providing bespoke research to business, governments and the financial community on China and neighbouring regions. We seek to build long-term relationships with our clients, based on our expertise, our reliability and our determination to find the right solution.

Thematic (Sector/Industry)

Should we be concerned that a Chinese pork producer is buying the largest hog producer in the US? Growing concerns over food safety and problems with antibiotic resistance due to misuse should be taken seriously.

Should we be concerned that a Chinese pork producer is buying the largest hog producer in the US? Growing concerns over food safety and problems with antibiotic resistance due to misuse should be taken seriously.

United States

McCormick & Company, Inc. manufactures, markets, and distributes flavor products (including spices, herbs, extracts, seasonings and flavorings) and other specialty food products to the food industry. The Company sells to retail stores, food manufacturers, and food service businesses.

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McCormick & Company (MKC US)

McCormick & Co: Detailed Credit Analysis & Financial Strength Evaluation Report

McCormick has had a decent year-to-date financial performance as a result of the successful execution of the management's strategies and the...

Baptista Research

McCormick & Company Incorporated - Investment Thesis

McCormick has evolved to become a leading producer and distributor of spices, seasoning mixes, hot sauces, condiments and other flavored...

Baptista Research

McCormick & Company Inc. - Investment Thesis

With the ongoing bull market, one of the most common trends is the investor community exiting defensive stocks and going in for high-growth plays...

Baptista Research

Extreme Valuations: Global Stock Ideas Using the BORUC Yield

The Bucephalus Idea Generator (BIG) picks stocks by combining our work on Creative Accounting and our work on capex and valuation cycles to see...

Bucephalus Research Partnership

Issues Raised by WH Group and US Pork

Should we be concerned that a Chinese pork producer is buying the largest hog producer in the US? Growing concerns over food safety and problems...

Bixmoor

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