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

Sensata Technologies Holding P / Equity Bottom-Up

<ul><li>Sensata Technologies has reported a solid performance in the first quarter of 2024, reflecting both advances and challenges within its diverse portfolio.</li><li>This review aims to provide an impartial analysis of Sensata's recent financial results and strategic engagements as disclosed in their latest financial disclosures.</li><li>Beginning with the financial metrics, Sensata Technologies recorded a slight revenue increase from $998 million in Q1 2023 to $1.007 billion in Q1 2024, representing a modest year-over-year growth of 1%.</li></ul>

Sensata Technologies has reported a solid performance in the first quarter of 2024, reflecting both advances and challenges within its diverse portfolio.This review aims to provide an impartial analysis of Sensata's recent financial results and strategic engagements as disclosed in their latest financial disclosures.Beginning with the financial metrics, Sensata Technologies recorded a slight revenue increase from $998 million in Q1 2023 to $1.007 billion in Q1 2024, representing a modest year-over-year growth of 1%.

Sensata Technologies: What Are Its Industrial Dynamics and New Product Launches? - Major Drivers

<ul><li>Sensata Technologies fourth quarter and full year 2023 earnings revealed several key points investors may consider.</li><li>With growth in electrification revenue by approximately 50% year-over-year to $700 million in 2023, this trend is considered a major driver for future performance.</li><li>The company has also reduced gross and net leverage, via an updated capital allocation strategy, which places higher emphasis on organic growth and lower focus on M&A. 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>

Sensata Technologies fourth quarter and full year 2023 earnings revealed several key points investors may consider.With growth in electrification revenue by approximately 50% year-over-year to $700 million in 2023, this trend is considered a major driver for future performance.The company has also reduced gross and net leverage, via an updated capital allocation strategy, which places higher emphasis on organic growth and lower focus on M&A. 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.

Sensata Technologies: These Are The 4 Pivotal Factors Influencing Its Performance! - Financial Forecasts

<ul><li>This is our first report on sensor-based technology solutions provider, Sensata Technologies.</li><li>The dip in revenue was cited due to factors like market outgrowth slowing over the last 12 months and unfavorable movements in foreign currency.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

This is our first report on sensor-based technology solutions provider, Sensata Technologies.The dip in revenue was cited due to factors like market outgrowth slowing over the last 12 months and unfavorable movements in foreign currency.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Sensata Technologies: Initiation of Coverage - The 4 Biggest Drivers Taking The Company Forward! - Financial Forecasts

United States

Encore Wire Corporation manufactures copper electrical building wire and cable. The Company supplies residential wire for interior wiring in homes, apartments, and manufactured housing.  Encore also manufactures wire for commercial and industrial buildings.  The Company's customers are wholesale electrical distributors that serve both the residential and commercial wire markets.

EnerSys manufactures, markets, and distributes industrial batteries.  The Company also manufactures, markets, and distributes related products such as chargers, power equipment, and battery accessories.  EnerSys provides related after-market and customer-support services for lead-acid industrial batteries.

Atkore Inc. manufactures and supplies metal products and electrical raceway solutions. The Company offers steel tubes and pipes, electrical conduit, armored wire and cable, cable trays, metal framing systems, and building components. Atkore International Group serves customers globally.

Acuity Brands, Inc. designs, produces, and distributes a full range of indoor and outdoor lighting and control systems for commercial and institutional, industrial, infrastructure, and residential applications. The Company manufactures or procures lighting products primarily in North America, Europe, and Asia.

Sunrun Inc. provides solar energy solutions. The Company installs, monitors, and maintains solar panels on homeowners' roofs to supply solar electricity. Sunrun serves customers in the United States.

Regal Rexnord Corporation designs, manufactures, and sells electric motors and controls. The Company offers gearboxes, automotive transmissions, rotary cutting tools, automatic transfer switches, and electric generators. Regal Beloit markets its products to distributors, original equipment manufacturers, and end users worldwide.

Generac Holdings, Inc. manufactures automatic, stationary standby and portable generators.  The Company's generators serve the residential, commercial, industrial and telecommunications markets.

Plug Power, Inc. designs, develops, manufactures and commercializes fuel cell systems for electric lift trucks and materials handling equipment.  The Company offers its products globally to retail, grocery, and institutional food distribution centers as well as manufacturing facilities.

AZZ Incorporated manufactures specialty electrical equipment and components for the global power generation, power transmission, and distribution markets.  The Company also provides hot dip galvanizing services to the steel fabrication industry across the United States.

Array Technologies, Inc. designs and manufactures solar tracking systems. The Company offers solar tracking equipment to utilities, corporations, small businesses, and homeowners. Array Technologies serves customers worldwide.

Zhuzhou CRRC Times Electric Co., Ltd. provides and integrates train-borne electrical systems for the PRC Railway industry.  The Company also develops, manufactures, and sells train power converters, auxiliary power supply equipment and control systems for trains for urban rail systems

Zhuzhou CRRC Times Electric Co., Ltd. (3898 HK)

China XD Electric Co., Ltd. designs, produces, sells and tests power transmission, distribution and control equipment. The company's products include high voltage switchgear substation, transformer, inductor, capacitor, instrument transformer, and insulator.

Alstom T&D India Limited manufactures a range of power transmission and distribution equipment. The Company builds high- and medium-voltage substations and develop technologies to manage power grids worldwide.

LS Electric Co., Ltd. manufactures and distributes electrical power equipment. The Company produces smart power equipment, smart automation equipment, smart railway equipment, and other related products. LS Electric also develops smart grid, micro grid, energy storage systems, and metal products.

Ningbo Sanxing Electric Company Limited develops, produces and sells energy measurement and data acquisition products and power distribution equipment. The Company's prodcuts include intelligent power meters, general electronic energy meters, induction meters, amorphous alloy transformers, oil-immersed transformers, dry type transformers, box-type substation and switchgear boxes.

Ningbo Sanxing Medical Electric (601567 CH)

Sunwoda Electronic Company Limited develops, designs, produces and sells li-ion battery module.  The company also produces membrate switches and precision structures.

KEI Industries Limited manufactures cables and stainless steel wires for the building and construction, defense, telecommunications, and other industries.

Fujikura Ltd. manufactures and sells wires and cables such as optical fiber cables and coaxial cables. The Company's products include optical transmission system, electronic materials, and telecommunication cables.

Dongfang Electric Corporation Limited manufactures and sells hydro and steam power generators and AC/DC electric motors. The Company also provides repair, upgrade, maintenance, and other services for the products.

Dongfang Electric Corporation (600875 CH)

Jiangsu Zhongtian Technology Co., Ltd. manufactures and markets optic cables, optic fibers, electric cable materials and accessories, related components, and related controlling systems.

Jiangsu Zhongtian Technologies Co, Ltd. (600522 CH)

Sensata Technologies Holding plc manufactures and distributes electronic components. The Company offers automotive sensors, motor protectors, circuit breakers, thermostats, pressure sensors, and switches. Sensata Technologies Holding serves energy, aerospace, agriculture, automotive, and construction industries worldwide.

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Sensata Technologies Holding P (ST US)

Sensata Technologies: What Are Its Industrial Dynamics and New Product Launches? - Major Drivers

Sensata Technologies has reported a solid performance in the first quarter of 2024, reflecting both advances and challenges within its diverse...

Baptista Research

Sensata Technologies: These Are The 4 Pivotal Factors Influencing Its Performance! - Financial Forecasts

Sensata Technologies fourth quarter and full year 2023 earnings revealed several key points investors may consider. With growth in electrification...

Baptista Research

Sensata Technologies: Initiation of Coverage - The 4 Biggest Drivers Taking The Company Forward! - Financial Forecasts

This is our first report on sensor-based technology solutions provider, Sensata Technologies. The dip in revenue was cited due to factors like...

Baptista Research

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