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>Unilever has presented its full-year results, reflecting a mix of positive advancements and areas requiring improvement.</li><li>Among the highlights, Unilever reported an underlying sales growth of 7%, driven by a significant contribution from price increases at 6.8% and a marginal recovery in volume at 0.2%.</li><li>Notably, the 30 Power Brands demonstrated robust performance, accruing an 8.6% growth in underlying sales and contributing notably to the company’s volume growth.</li></ul>

Unilever has presented its full-year results, reflecting a mix of positive advancements and areas requiring improvement.Among the highlights, Unilever reported an underlying sales growth of 7%, driven by a significant contribution from price increases at 6.8% and a marginal recovery in volume at 0.2%.Notably, the 30 Power Brands demonstrated robust performance, accruing an 8.6% growth in underlying sales and contributing notably to the company’s volume growth.

Unilever PLC: How Will The Enhanced Productivity and Efficiency Measures Translate Into EBITDA Margins! - Major Drivers

Founder, CEO, GSBR Research

Garvit Bhandari

Founder, CEO

Leading Provider of Equity and Investment Research

GSBR Research

We are an independent equity research provider focused on covering global markets. The aim of the research is to provide an unbiased view of the fundamentals of the company.

<ul>
<li>Unilever announced plans to separate its ice cream business into a separate publicly listed company (SpinCo), potentially via a spin-off transaction.</li>
<li>Post separation, Unilever will focus on four core businesses: beauty and wellbeing, personal care, home care, and nutrition. The separation is expected to be completed by the end of 2025.</li>
<li>The separation will allow Unilever to allocate capital and resources more efficiently towards higher growth categories with significant potential to scale.</li>
</ul>


Unilever announced plans to separate its ice cream business into a separate publicly listed company (SpinCo), potentially via a spin-off transaction.
Post separation, Unilever will focus on four core businesses: beauty and wellbeing, personal care, home care, and nutrition. The separation is expected to be completed by the end of 2025.
The separation will allow Unilever to allocate capital and resources more efficiently towards higher growth categories with significant potential to scale.


Unilever (ULVR) To Separate Its Ice Cream Business

<ul><li>Unilever's latest earnings reveals that the company is on a positive trajectory, but acknowledges that there are still areas for improvement.</li><li>Unilever's new Chief Financial Officer, Fernando Fernandez, discussed the company's financial results, the details of their growth action plan, and shifts they have already made to improve performance.</li><li>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>

Unilever's latest earnings reveals that the company is on a positive trajectory, but acknowledges that there are still areas for improvement.Unilever's new Chief Financial Officer, Fernando Fernandez, discussed the company's financial results, the details of their growth action plan, and shifts they have already made to improve performance.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.

Unilever PLC: How The Management Is Scaling Power Brands And Has Increased Spending on Productivity! - Major Drivers

<ul><li>Unilever had a decent performance in the recent quarterly result with revenues above Wall Street expectations.</li><li>Its strong performance in the first half of 2023 resulted from increased investment in its brands and the creation of new capabilities.</li><li>In Beauty & Wellbeing and Personal Care, the company observed a decent balance between price and volume.</li></ul>

Unilever had a decent performance in the recent quarterly result with revenues above Wall Street expectations.Its strong performance in the first half of 2023 resulted from increased investment in its brands and the creation of new capabilities.In Beauty & Wellbeing and Personal Care, the company observed a decent balance between price and volume.

Unilever PLC: How Are The Growth Prospects Of This Consumer Goods Behemoth? Drivers

Japan Specialist

Mark Chadwick

<ul>
<li>Kao has the lonest period of consecutive earnings growth in the Nikkei's new "Consecutive Dividend Growth Stock Index"</li>
<li>With a 2.8% yield and a long history of raising its dividend, Kao should definitely be on the income investor's radar screen</li>
<li>Despite the recent underperformance of the stock (-4% ytd), Kao does not represent compelling valuations</li>
</ul>


Kao has the lonest period of consecutive earnings growth in the Nikkei's new "Consecutive Dividend Growth Stock Index"
With a 2.8% yield and a long history of raising its dividend, Kao should definitely be on the income investor's radar screen
Despite the recent underperformance of the stock (-4% ytd), Kao does not represent compelling valuations


Kao (4452) | Is It Time to Buy This Dividend Aristocrat?

United Kingdom

Unilever PLC manufactures personal care products. The Company offers consumer goods, food, detergents, fragrances, beauty, home, and personal care products. Unilever serves customers worldwide.

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Unilever (UL US)

Unilever PLC: How Will The Enhanced Productivity and Efficiency Measures Translate Into EBITDA Margins! - Major Drivers

Unilever has presented its full-year results, reflecting a mix of positive advancements and areas requiring improvement. Among the highlights,...

Baptista Research

Unilever (ULVR) To Separate Its Ice Cream Business

Unilever to spin off ice cream business into separate company by the end of 2025. The parent to focus on higher growth, higher margin businesses.

GSBR Research

Unilever PLC: How The Management Is Scaling Power Brands And Has Increased Spending on Productivity! - Major Drivers

Unilever's latest earnings reveals that the company is on a positive trajectory, but acknowledges that there are still areas for...

Baptista Research

Unilever PLC: How Are The Growth Prospects Of This Consumer Goods Behemoth? Drivers

Unilever had a decent performance in the recent quarterly result with revenues above Wall Street expectations. Its strong performance in the first...

Baptista Research

Kao (4452) | Is It Time to Buy This Dividend Aristocrat?

Kao has the lonest period of consecutive earnings growth in the Nikkei's new "Consecutive Dividend Growth Stock Index". With a dividend yield of...

Mark Chadwick

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Unilever PLC: How Will The Enhanced Productivity and Efficiency Measures Translate Into EBITDA Margins! - Major Drivers

Unilever has presented its full-year results, reflecting a mix of positive advancements and areas requiring improvement. Among the highlights,...

Baptista Research

Unilever (ULVR) To Separate Its Ice Cream Business

​Unilever to spin off ice cream business into separate company by the end of 2025. The parent to focus on higher growth, higher margin businesses.

GSBR Research

Unilever PLC: How The Management Is Scaling Power Brands And Has Increased Spending on Productivity! - Major Drivers

Unilever's latest earnings reveals that the company is on a positive trajectory, but acknowledges that there are still areas for...

Baptista Research

Unilever PLC: How Are The Growth Prospects Of This Consumer Goods Behemoth? Drivers

Unilever had a decent performance in the recent quarterly result with revenues above Wall Street expectations. Its strong performance in the first...

Baptista Research

Kao (4452) | Is It Time to Buy This Dividend Aristocrat?

Kao has the lonest period of consecutive earnings growth in the Nikkei's new "Consecutive Dividend Growth Stock Index". With a dividend yield of...

Mark Chadwick

Unilever to spin off ice cream business into separate company by the end of 2025. The parent to focus on higher growth, higher margin businesses.