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>WD-40 Company's second quarter fiscal year 2024 results reflect a continued focus on strategic growth through the 4x4 strategic framework and several key initiatives that aim to expand and enhance the company's market presence.</li><li>One notable strategic maneuver is the acquisition of Theron Marketing in Brazil, which aligns with the company's objective to drive geographic expansion of the WD-40 multi-use product.</li><li>This strategic acquisition underscores a transition from a royalty-based revenue model to a direct market model in Brazil, anticipated to substantially increase revenues in the region.</li></ul>

WD-40 Company's second quarter fiscal year 2024 results reflect a continued focus on strategic growth through the 4x4 strategic framework and several key initiatives that aim to expand and enhance the company's market presence.One notable strategic maneuver is the acquisition of Theron Marketing in Brazil, which aligns with the company's objective to drive geographic expansion of the WD-40 multi-use product.This strategic acquisition underscores a transition from a royalty-based revenue model to a direct market model in Brazil, anticipated to substantially increase revenues in the region.

WD-40 Company: How Is The Premiumization Of Product Offerings Working Out For Them? - Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>Shorting suggestion for WD-40 due to potential decrease in earnings growth</li><li>High multiple of earnings guidance and projected 50% decrease in stock price</li><li>Factors including temporary demand spike, significant price hike, and concerns about future growth cited as reasons for shorting suggestion</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

Shorting suggestion for WD-40 due to potential decrease in earnings growthHigh multiple of earnings guidance and projected 50% decrease in stock priceFactors including temporary demand spike, significant price hike, and concerns about future growth cited as reasons for shorting suggestionThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Wd-40 Company (WDFC) - Tuesday, Jan 30, 2024

<ul><li>WD-40 Company had a decent result for the first quarter of the fiscal year 2024.</li><li>Notably, the company achieved robust revenue growth with net sales reaching $140.4 million, signifying a 12% increase from the corresponding period of the previous fiscal year.</li><li>This growth also aligns with the company's FY'24 guidance and long-term growth predictions, a sign of the company's resilience and adaptability in a highly competitive marketplace.</li></ul>

WD-40 Company had a decent result for the first quarter of the fiscal year 2024.Notably, the company achieved robust revenue growth with net sales reaching $140.4 million, signifying a 12% increase from the corresponding period of the previous fiscal year.This growth also aligns with the company's FY'24 guidance and long-term growth predictions, a sign of the company's resilience and adaptability in a highly competitive marketplace.

WD-40 Company: Initiation Of Coverage - The 4 Key Elements Catalyzing Its Growth Revealed! - Financial Forecasts

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Independent Stock Specific Research

BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

<ul>
<li>WDFC faces continued headwinds with consumer spending remaining limited and distillate prices going up.</li>
<li>We doubt WDFC would be able to raise prices with higher input costs since their customers were already trying to avoid the last series of price adjustments.</li>
<li>The consumer is picking where they are spending their finite capital. In recent months it has become clear the consumer is not willing to invest in maintenance around the home</li>
</ul>


WDFC faces continued headwinds with consumer spending remaining limited and distillate prices going up.
We doubt WDFC would be able to raise prices with higher input costs since their customers were already trying to avoid the last series of price adjustments.
The consumer is picking where they are spending their finite capital. In recent months it has become clear the consumer is not willing to invest in maintenance around the home


<ul>
<li>We are initiating coverage of WD-40 Company (WDFC) with a Sell Rating and $88 target.</li>
<li>We believe WDFC is prone to an earnings decline stemming from higher input costs and the Company’s first in first out accounting practice.</li>
<li>People are no longer staying indoors. The squeaking door is not bothering anyone like it used to. WDFC benefited from people staying home during pandemic. Now inventory is rising</li>
</ul>


We are initiating coverage of WD-40 Company (WDFC) with a Sell Rating and $88 target.
We believe WDFC is prone to an earnings decline stemming from higher input costs and the Company’s first in first out accounting practice.
People are no longer staying indoors. The squeaking door is not bothering anyone like it used to. WDFC benefited from people staying home during pandemic. Now inventory is rising


WDFC: Spraying on a Sell Rating, Initiating

United States

WD-40 Company manufactures and markets multi-purpose lubricant products and heavy-duty hand cleaners.  The Company's WD-40 acts as a lubricant, rust preventative, penetrant, cleaner, and moisture displacer.  WD-40's 3-IN-ONE Oil is a drip oil lubricant that allows precise application. The Company also manufactures Lava heavy-duty hand cleaner and other household cleaning products.

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WD-40 Company (WDFC US)

WD-40 Company: How Is The Premiumization Of Product Offerings Working Out For Them? - Major Drivers

WD-40 Company's second quarter fiscal year 2024 results reflect a continued focus on strategic growth through the 4x4 strategic framework and...

Baptista Research

Wd-40 Company (WDFC) - Tuesday, Jan 30, 2024

Shorting suggestion for WD-40 due to potential decrease in earnings growth. High multiple of earnings guidance and projected 50% decrease in stock...

Value Investors Club

WD-40 Company: Initiation Of Coverage - The 4 Key Elements Catalyzing Its Growth Revealed! - Financial Forecasts

WD-40 Company had a decent result for the first quarter of the fiscal year 2024. Notably, the company achieved robust revenue growth with net...

Baptista Research

WDFC: A Squeaky Quarter Preview

There are signs the consumer is being selective with their purchases, especially when it is maintenance related around their home. WDFC could lack...

BWS Financial Inc

WDFC: Spraying on a Sell Rating, Initiating

WDFC uses a first in first out account methodology for its inventory, which makes it prone to further gross margin impact as the balance has...

BWS Financial Inc

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