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>Omnicom is considered one of the Big Five advertising agencies and has a particularly strong balance sheet.</li><li>The company gave a strong financial performance in its recent results, with organic growth rising above expectations.</li><li>The margin performance and revenue growth of the company have been particularly strong.</li></ul>

Omnicom is considered one of the Big Five advertising agencies and has a particularly strong balance sheet.The company gave a strong financial performance in its recent results, with organic growth rising above expectations.The margin performance and revenue growth of the company have been particularly strong.

Omnicom Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Equity Capital Markets

<ul><li>This is our first report on Omnicom, one of the Big Five advertising agencies.</li><li>The company gave a strong financial performance in its recent results, with organic growth rising above expectations.</li><li>TA Digital, a prominent digital experience consultancy, was acquired by Omnicom in the last quarter.</li></ul>

This is our first report on Omnicom, one of the Big Five advertising agencies.The company gave a strong financial performance in its recent results, with organic growth rising above expectations.TA Digital, a prominent digital experience consultancy, was acquired by Omnicom in the last quarter.

Omnicom Inc.: Initiation of Coverage – Business Strategy

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Yesterday 14 February, Dentsu announced bte profits, and guidance for 2022 which appears in-line to slightly strong in terms of revenue, slightly weak/conservative in terms of IFRS/GAAP OP.</li>
<li>The company also announced what appears to be a BIG buyback. </li>
<li>Looks are deceiving, but somehow not, but there are catches in both directions. If you have a flow axe, it is worth knowing the flow details.</li>
</ul>


Yesterday 14 February, Dentsu announced bte profits, and guidance for 2022 which appears in-line to slightly strong in terms of revenue, slightly weak/conservative in terms of IFRS/GAAP OP.
The company also announced what appears to be a BIG buyback. 
Looks are deceiving, but somehow not, but there are catches in both directions. If you have a flow axe, it is worth knowing the flow details.


Dentsu BIG Buyback - Both Larger and Smaller Than It Appears

Amareos

Federico Bagiotti, CFA

Equity Bottom-Up

<p>Over the past few months, the M part of the US TMT sector has not been particularly brilliant, especially in comparison to the second T, and Omnicom Group, an advertising, marketing and media communication company, has been even more disappointing than the sector as a whole.</p><p>In light of the Q4 revenue miss, we consider the outlook for Omnicom’s stock price based on the recent evolution in our crowd-sourced sentiment indicators. They suggest that the CEO’s comment about “better days ahead” in…</p>

Over the past few months, the M part of the US TMT sector has not been particularly brilliant, especially in comparison to the second T, and Omnicom Group, an advertising, marketing and media communication company, has been even more disappointing than the sector as a whole.In light of the Q4 revenue miss, we consider the outlook for Omnicom’s stock price based on the recent evolution in our crowd-sourced sentiment indicators. They suggest that the CEO’s comment about “better days ahead” in…

Founder and Strategist, Entext Economics & Strategy

Sean Maher

Founder and Strategist

Entext Economics & Strategy

Entext provides institutional investors with distinctive, actionable asset allocation and thematic research, which typically challenges the market consensus. Our clients range from credit, equity and multi-asset hedge and pension funds to family offices and sovereign funds. 
 
We focus on identifying key inflection points in macro data and relative asset performance amid the 'groupthink'  and confirmation bias that characterizes most investment bank analysis.

Macro Driven Investment Insight

Thematic (Sector/Industry)

<ul>
<li>I’ve been underweight consumer staples on valuation and business model disruption risks since 2015 and the sector has de-rated significantly versus the wider market and consumer discretionary.</li>
<li>I’ve also highlighted the disintermediation shock facing the advertising industry – heavy brand advertising to guarantee prime supermarket shelf space is becoming a defunct business model.</li>
<li>Recent results from FMCG giants like Nestle and the advertising sector have disappointed, with tighter client spending…</li>
</ul>


I’ve been underweight consumer staples on valuation and business model disruption risks since 2015 and the sector has de-rated significantly versus the wider market and consumer discretionary.
I’ve also highlighted the disintermediation shock facing the advertising industry – heavy brand advertising to guarantee prime supermarket shelf space is becoming a defunct business model.
Recent results from FMCG giants like Nestle and the advertising sector have disappointed, with tighter client spending…


With ‘Brand Building’ Ad Era Over, Can Food Inflation Rescue FMCG Margins?

United States

Omnicom Group Inc. provides advertising, marketing and corporate communications services. The Company's agencies, which operate in major markets around the world, provide a comprehensive range of services including traditional media advertising; customer relationship management ("CRM"); public relations; and specialty communications.

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Omnicom Group (OMC US)

Omnicom Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Omnicom is considered one of the Big Five advertising agencies and has a particularly strong balance sheet. The company gave a strong financial...

Baptista Research

Omnicom Inc.: Initiation of Coverage – Business Strategy

This is our first report on Omnicom, one of the Big Five advertising agencies. The company gave a strong financial performance in its recent...

Baptista Research

Dentsu BIG Buyback - Both Larger and Smaller Than It Appears

Dentsu (4324) announced earnings and a large buyback. That buyback is larger than it appears, but actually smaller, but then larger again, but it...

Travis Lundy

Omnicom Group: Better Days Ahead?

Over the past few months, the M part of the US TMT sector has not been particularly brilliant, especially in comparison to the second T, and...

Amareos

With ‘Brand Building’ Ad Era Over, Can Food Inflation Rescue FMCG Margins?

I’ve been underweight consumer staples on valuation and business model disruption risks since 2015 and the sector has de-rated significantly...

Sean Maher

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Market Cap (USDm)

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