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>Mohawk Industries reported its third quarter performance for 2024, delivering a mixed yet resilient financial outcome in the backdrop of challenging market conditions.</li><li>The company achieved earnings per share of $2.90, reflecting an approximately 7% increase, underpinned by various operational and strategic advancements.</li><li>Despite these gains, Mohawk experienced a 2% reduction in net sales, amounting to $2.7 billion for the quarter.</li></ul>

Mohawk Industries reported its third quarter performance for 2024, delivering a mixed yet resilient financial outcome in the backdrop of challenging market conditions.The company achieved earnings per share of $2.90, reflecting an approximately 7% increase, underpinned by various operational and strategic advancements.Despite these gains, Mohawk experienced a 2% reduction in net sales, amounting to $2.7 billion for the quarter.

Mohawk Industries Inc.: Recent Strategic Acquisitions Amidst Market Consolidation Driving Our Optimism! - Major Drivers

<ul><li>Mohawk Industries' Q1 2024 earnings call detailed a challenging period marked by economic headwinds and mixed performance.</li><li>The company's net sales for the first quarter were $2.7 billion, a drop of 4.5% compared to the previous year.</li><li>However, the adjusted earnings per share increased by 6% year-over-year to $1.86.</li></ul>

Mohawk Industries' Q1 2024 earnings call detailed a challenging period marked by economic headwinds and mixed performance.The company's net sales for the first quarter were $2.7 billion, a drop of 4.5% compared to the previous year.However, the adjusted earnings per share increased by 6% year-over-year to $1.86.

Mohawk Industries Inc.: Is Expectation of Consumer Confidence and Housing Market Improvement Realistic? - Major Drivers

<ul><li>This is our first report on flooring products manufacturer, Mohawk Industries.</li><li>The company reported its fourth quarter performance and provided guidance for the first quarter of 2024.</li><li>Net sales for the quarter were approximately $2.6 billion, down 1.4% or 4.1% on a constant and legacy basis.</li></ul>

This is our first report on flooring products manufacturer, Mohawk Industries.The company reported its fourth quarter performance and provided guidance for the first quarter of 2024.Net sales for the quarter were approximately $2.6 billion, down 1.4% or 4.1% on a constant and legacy basis.

Mohawk Industries Inc.: Initiation of Coverage - These Are The 4 Fundamental Factors Influencing Its Performance In 2024 & Beyond! - Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

Key points (machine generated)<ul><li>Mohawk Industries has a stock price of $80 per share, and despite a decline in the global construction market, the company has a strong market position and is considered a medium+ quality business.</li><li>The current valuation at 8 times EBIT is seen as an attractive entry point, with expectations for EBIT in 2024 already lowered but still indicating a promising earnings power of $10-14 net income per share in the medium term.</li><li>Mohawk Industries is seen as a cheap investment opportunity with significant growth potential in the future, and previous VIC notes have highlighted its potential. Readers are recommended to review the analyses provided by dsteiner84, Value1929, and Glory_Warriors.</li></ul>This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key points (machine generated)Mohawk Industries has a stock price of $80 per share, and despite a decline in the global construction market, the company has a strong market position and is considered a medium+ quality business.The current valuation at 8 times EBIT is seen as an attractive entry point, with expectations for EBIT in 2024 already lowered but still indicating a promising earnings power of $10-14 net income per share in the medium term.Mohawk Industries is seen as a cheap investment opportunity with significant growth potential in the future, and previous VIC notes have highlighted its potential. Readers are recommended to review the analyses provided by dsteiner84, Value1929, and Glory_Warriors.This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

Equity, Bottom-up Analyst

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

<ul>
<li>
<a href="https://www.smartkarma.com/entities/stylam-industries-ltd" target="_blank" data-smartkarma-citation="entities:13492:1" rel="noopener">Stylam Industries (SYIL IN)</a> is a play on the Indian laminate space with a 25% CAGR growth predicated on growth in both international and domestic markets.</li>
<li>The stock trades at 23.6x/19x FY24e/25e. While this is not cheap by any stretch of the imagination, the company is a high grower/best in class amongst its competitors. </li>
<li>
<a href="https://www.smartkarma.com/entities/stylam-industries-ltd" target="_blank" data-smartkarma-citation="entities:13492:1" rel="noopener">Stylam Industries (SYIL IN)</a>  is completing an expansion to increase capacity by 40% in FY24 and expanding in a new segment that can double its revenue over FY23-25e. </li>
</ul>



Stylam Industries (SYIL IN) is a play on the Indian laminate space with a 25% CAGR growth predicated on growth in both international and domestic markets.
The stock trades at 23.6x/19x FY24e/25e. While this is not cheap by any stretch of the imagination, the company is a high grower/best in class amongst its competitors. 

Stylam Industries (SYIL IN)  is completing an expansion to increase capacity by 40% in FY24 and expanding in a new segment that can double its revenue over FY23-25e. 


Stylam (SYIL IN): Laminate Growth Play In India with 25% CAGR Growth

United States

Mohawk Industries, Inc. designs, manufactures, sources, distributes and markets flooring for residential and commercial applications.  The Company offers carpet, ceramic tile, laminate, wood, stone, vinyl, and rugs.  Mohawk markets residential and commercial flooring in the United States, and residential flooring in Europe.

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Mohawk Industries (MHK US)

Mohawk Industries Inc.: Recent Strategic Acquisitions Amidst Market Consolidation Driving Our Optimism! - Major Drivers

Mohawk Industries reported its third quarter performance for 2024, delivering a mixed yet resilient financial outcome in the backdrop of...

Baptista Research

Mohawk Industries Inc.: Is Expectation of Consumer Confidence and Housing Market Improvement Realistic? - Major Drivers

Mohawk Industries' Q1 2024 earnings call detailed a challenging period marked by economic headwinds and mixed performance. The company's net sales...

Baptista Research

Mohawk Industries Inc.: Initiation of Coverage - These Are The 4 Fundamental Factors Influencing Its Performance In 2024 & Beyond! - Major Drivers

This is our first report on flooring products manufacturer, Mohawk Industries. The company reported its fourth quarter performance and provided...

Baptista Research

Mohawk (MHK) - Tuesday, Oct 17, 2023

Mohawk Industries has a stock price of $80 per share, and despite a decline in the global construction market, the company has a strong market...

Value Investors Club

Stylam (SYIL IN): Laminate Growth Play In India with 25% CAGR Growth

Stylam is a high-growth (25% CAGR) player in the laminate industry. This piece highlights its competitive edge and why it's a good long-term...

Sameer Taneja

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