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>Smartsheet Inc. managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.</li><li>Revenue for the quarter was more than expected and increased by 26% year over year to $235.6 million, while billings increased by 18% year over year to $243.1 million.</li><li>At the end of the quarter, they had more than 13.4 million active Smartsheet users and an annual recurring revenue of $933 million.</li></ul>

Smartsheet Inc. managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.Revenue for the quarter was more than expected and increased by 26% year over year to $235.6 million, while billings increased by 18% year over year to $243.1 million.At the end of the quarter, they had more than 13.4 million active Smartsheet users and an annual recurring revenue of $933 million.

Smartsheet Inc.: The Silent Growth Machine With Over 13.4 Million Active Users! - Major Drivers

<ul><li>Smartsheet delivered a solid result and managed an all-around beat in the last quarter.</li><li>The quarter's revenue increased by 31% year over year to $219.9 million, while billings increased by 20% year over year to $215.5 million.</li><li>Enterprise expansions during the quarter included Eli Lilly, Foxtel, Motorola Solutions, and Novocure, and new customer wins included Liberty Media, Hostess Brands, and Eight Eleven Group.</li></ul>

Smartsheet delivered a solid result and managed an all-around beat in the last quarter.The quarter's revenue increased by 31% year over year to $219.9 million, while billings increased by 20% year over year to $215.5 million.Enterprise expansions during the quarter included Eli Lilly, Foxtel, Motorola Solutions, and Novocure, and new customer wins included Liberty Media, Hostess Brands, and Eight Eleven Group.

Smartsheet Inc.: 4 Eye-Opening Drivers For This Tech Player – Financial Forecasts

Equity Capital Markets

<ul><li>Smartsheet gave a solid performance in the quarter that reflected narrower-than-expected losses and durable growth.</li><li>The company added many new customers this quarter, like Bonterra, Monster Energy, and Arizona Beverages.</li><li>On the innovation front, Smartsheet launched various Smartsheet experiences and capabilities at the September ENGAGE conference and also its WorkApps portfolio.</li></ul>

Smartsheet gave a solid performance in the quarter that reflected narrower-than-expected losses and durable growth.The company added many new customers this quarter, like Bonterra, Monster Energy, and Arizona Beverages.On the innovation front, Smartsheet launched various Smartsheet experiences and capabilities at the September ENGAGE conference and also its WorkApps portfolio.

Smartsheet Inc: Acquisition of Outfit & Other Drivers

<ul><li>This is our first report on Smartsheet, a well-known cloud-based enterprise platform for workflow automation and various other features.</li><li>The company had a successful second quarter and managed to surpass Wall Street expectations in terms of revenues and earnings.</li><li>Their new business movement also had another successful quarter in Q2, with new business bookings establishing a new quarterly high.</li></ul>

This is our first report on Smartsheet, a well-known cloud-based enterprise platform for workflow automation and various other features.The company had a successful second quarter and managed to surpass Wall Street expectations in terms of revenues and earnings.Their new business movement also had another successful quarter in Q2, with new business bookings establishing a new quarterly high.

Smartsheet Inc- Initiation of Coverage – The Outfit Acquisition & Other Drivers

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Qualtrics International / Equity Capital Markets

<p><strong>Our base case valuation of Qualtrics is $19.0 billion in terms of implied market cap or $31.6 per share, which represents a 32% upside from the high end of the initial IPO price range of $24 per share. Given the solid upside, we have a positive view of the Qualtrics IPO.  </strong></p>

Our base case valuation of Qualtrics is $19.0 billion in terms of implied market cap or $31.6 per share, which represents a 32% upside from the high end of the initial IPO price range of $24 per share. Given the solid upside, we have a positive view of the Qualtrics IPO.  

United States

Smartsheet Inc. provides software solutions. The Company offers cloud-based platform for work execution and management which enables teams and organizations to plan, capture, manage, automate, and improve business outcomes. Smartsheet serves customers in the State of Washington.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Smartsheet Inc (SMAR US)

Smartsheet Inc.: The Silent Growth Machine With Over 13.4 Million Active Users! - Major Drivers

Smartsheet Inc. managed to surpass the revenue expectations as well as the earnings expectations of Wall Street. Revenue for the quarter was more...

Baptista Research

Smartsheet Inc.: 4 Eye-Opening Drivers For This Tech Player – Financial Forecasts

Smartsheet delivered a solid result and managed an all-around beat in the last quarter. The quarter's revenue increased by 31% year over year to...

Baptista Research

Smartsheet Inc: Acquisition of Outfit & Other Drivers

Smartsheet gave a solid performance in the quarter that reflected narrower-than-expected losses and durable growth. The company added many new...

Baptista Research

Smartsheet Inc- Initiation of Coverage – The Outfit Acquisition & Other Drivers

This is our first report on Smartsheet, a well-known cloud-based enterprise platform for workflow automation and various other features. The...

Baptista Research

Qualtrics Valuation Analysis

Our base case valuation of Qualtrics is $19.0 billion in terms of market cap or $31.6 per share, which represents a 32% upside from the high end of...

Douglas Kim

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)