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>WestRock Company's fiscal third-quarter 2023 earnings report revealed that the firm exceeded its earnings guidance due to robust execution, productivity improvements, and moderating input costs.</li><li>The company reported net sales of $5.1 billion and an adjusted EBITDA of $802 million, with adjusted EPS at $0.89.</li><li>Despite these strong results, the figures reflect a year-over-year decline due to weaker demand in certain sectors, which provides context to the company's balanced performance.</li></ul>

WestRock Company's fiscal third-quarter 2023 earnings report revealed that the firm exceeded its earnings guidance due to robust execution, productivity improvements, and moderating input costs.The company reported net sales of $5.1 billion and an adjusted EBITDA of $802 million, with adjusted EPS at $0.89.Despite these strong results, the figures reflect a year-over-year decline due to weaker demand in certain sectors, which provides context to the company's balanced performance.

WestRock Company: Surviving In A Tough Market Environment! - Major Drivers

<ul><li>WestRock Company, in the 3rd Fiscal Quarter 2023, posted a net sales of $5.1 billion, with an adjusted EBITDA of $802 million, higher than expected due to strong execution, productivity gains, and moderating input costs.</li><li>CEO David Sewell attributed the strong results to the firm's resilience and the hard work of its team, even as they faced comparisons with record results from the prior year quarter.</li><li>However, certain challenges were also observed.</li></ul>

WestRock Company, in the 3rd Fiscal Quarter 2023, posted a net sales of $5.1 billion, with an adjusted EBITDA of $802 million, higher than expected due to strong execution, productivity gains, and moderating input costs.CEO David Sewell attributed the strong results to the firm's resilience and the hard work of its team, even as they faced comparisons with record results from the prior year quarter.However, certain challenges were also observed.

<ul><li>Based on the third fiscal quarter 2023 earnings, it becomes clear that WestRock is focused on improving business outcomes and delivering value to shareholders even in a challenging market environment.</li><li>Net sales for the quarter stood at $5.1 billion, with consolidated adjusted EBITDA at $802 million.</li><li>The company exceeded its guidance owing to strong execution, productivity gains, and moderating input costs.</li></ul>

Based on the third fiscal quarter 2023 earnings, it becomes clear that WestRock is focused on improving business outcomes and delivering value to shareholders even in a challenging market environment.Net sales for the quarter stood at $5.1 billion, with consolidated adjusted EBITDA at $802 million.The company exceeded its guidance owing to strong execution, productivity gains, and moderating input costs.

WestRock Company: Strategic Investments for Growth-Oriented Opportunities & Other Major Factors Driving Growth! - Financial Forecasts

European Event-Driven Analyst

Jesus Rodriguez Aguilar

Event-Driven

<ul>
<li>Gross spread (as of 13 March closing) on an estimated 1 <a href="https://www.smartkarma.com/entities/mondi-plc" target="_blank" data-smartkarma-citation="entities:22048:1" rel="noopener">Mondi PLC (MNDI LN)</a> x 0.2701 <a href="https://www.smartkarma.com/entities/ds-smith-plc" target="_blank" data-smartkarma-citation="entities:22150:1" rel="noopener">DS Smith PLC (SMDS LN)</a> exchange equation is 5.6%. New PUSU is 4 April.</li>
<li>The merger would create a European board and packaging giant. Interloper risk seems low, as are the chances of the deal being contested by antitrust regulators. </li>
<li>Mondi and DS Smith are verifying the anticipated synergies resulting from their combination. Considering synergies of 3% of DS Smith revenues, the present value might not cover the premium offered.</li>
</ul>


Gross spread (as of 13 March closing) on an estimated 1 Mondi PLC (MNDI LN) x 0.2701 DS Smith PLC (SMDS LN) exchange equation is 5.6%. New PUSU is 4 April.
The merger would create a European board and packaging giant. Interloper risk seems low, as are the chances of the deal being contested by antitrust regulators. 
Mondi and DS Smith are verifying the anticipated synergies resulting from their combination. Considering synergies of 3% of DS Smith revenues, the present value might not cover the premium offered.


<ul><li>WestRock Company delivered a mixed result in the recent quarter, with revenues below market expectations but surpassing the analyst consensus regarding earnings.</li><li>The company delivered outstanding results this quarter, surpassing expectations through effective execution, increased productivity, and managed input costs.</li><li>Despite changing conditions in the global paper business, WestRock is leveraging its scale, diverse substrate portfolio, and strategic customer relationships.</li></ul>

WestRock Company delivered a mixed result in the recent quarter, with revenues below market expectations but surpassing the analyst consensus regarding earnings.The company delivered outstanding results this quarter, surpassing expectations through effective execution, increased productivity, and managed input costs.Despite changing conditions in the global paper business, WestRock is leveraging its scale, diverse substrate portfolio, and strategic customer relationships.

WestRock Company: Leveraging Scale and Relationships For A Strong Performance Despite Market Challenges! - Major Drivers

United States

WestRock Company provides consumer and corrugated packaging solutions. The Company offers merchandising displays, paperboard, recycling, and waste solutions. WestRock conducts business in the United States.

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Westrock Co (WRK US)

WestRock Company: Surviving In A Tough Market Environment! - Major Drivers

WestRock Company's fiscal third-quarter 2023 earnings report revealed that the firm exceeded its earnings guidance due to robust execution,...

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WestRock Company: Mill Closure

WestRock Company, in the 3rd Fiscal Quarter 2023, posted a net sales of $5.1 billion, with an adjusted EBITDA of $802 million, higher than...

Baptista Research

WestRock Company: Strategic Investments for Growth-Oriented Opportunities & Other Major Factors Driving Growth! - Financial Forecasts

Based on the third fiscal quarter 2023 earnings, it becomes clear that WestRock is focused on improving business outcomes and delivering value to...

Baptista Research

Spread on Paper so Far

Merger between Mondi PLC and DS Smith PLC could create a European packaging giant with low interloper risk and antitrust concerns, but potential...

Jesus Rodriguez Aguilar

WestRock Company: Leveraging Scale and Relationships For A Strong Performance Despite Market Challenges! - Major Drivers

WestRock Company delivered a mixed result in the recent quarter, with revenues below market expectations but surpassing the analyst consensus...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

WestRock Company: Surviving In A Tough Market Environment! - Major Drivers

WestRock Company's fiscal third-quarter 2023 earnings report revealed that the firm exceeded its earnings guidance due to robust execution,...

Baptista Research

WestRock Company: Mill Closure

WestRock Company, in the 3rd Fiscal Quarter 2023, posted a net sales of $5.1 billion, with an adjusted EBITDA of $802 million, higher than...

Baptista Research

WestRock Company: Strategic Investments for Growth-Oriented Opportunities & Other Major Factors Driving Growth! - Financial Forecasts

Based on the third fiscal quarter 2023 earnings, it becomes clear that WestRock is focused on improving business outcomes and delivering value to...

Baptista Research

Spread on Paper so Far

​Merger between Mondi PLC and DS Smith PLC could create a European packaging giant with low interloper risk and antitrust concerns, but potential...

Jesus Rodriguez Aguilar

WestRock Company: Leveraging Scale and Relationships For A Strong Performance Despite Market Challenges! - Major Drivers

WestRock Company delivered a mixed result in the recent quarter, with revenues below market expectations but surpassing the analyst consensus...

Baptista Research

Merger between Mondi PLC and DS Smith PLC could create a European packaging giant with low interloper risk and antitrust concerns, but potential...