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>Yum!</li><li>Brands, Inc.'s Q1 2024 Earnings highlighted a mixed performance, demonstrating the resilience of the business amidst a challenging operating environment.</li><li>The company saw a growth rate of 6% in its core operating profit this quarter.</li></ul>

Yum!Brands, Inc.'s Q1 2024 Earnings highlighted a mixed performance, demonstrating the resilience of the business amidst a challenging operating environment.The company saw a growth rate of 6% in its core operating profit this quarter.

Yum! Brands Inc.: How Is Their Global Expansion of Franchise Locations Going? - Major Drivers

<ul><li>Yum!</li><li>Brands delivered impressive performances across its various business units, despite geopolitical tensions and socio-economic hurdles worldwide.</li><li>The company crossed the $60 billion system sales threshold and surpassed all aspects of its long-term growth algorithm, setting an industry benchmark for the third consecutive year.</li></ul>

Yum!Brands delivered impressive performances across its various business units, despite geopolitical tensions and socio-economic hurdles worldwide.The company crossed the $60 billion system sales threshold and surpassed all aspects of its long-term growth algorithm, setting an industry benchmark for the third consecutive year.

Yum! Brands Inc:  Bold Restaurant Development Growth & Other Major Drivers

<ul><li>Brands, Inc. delivered a mixed set of results for the previous quarter, with revenues below the analyst consensus.</li><li>Notably, the quarter marked a significant milestone with the unveiling 1,130 gross new units, a testament to their robust unit development strategy.</li><li>Yum's focus on growth drivers, namely Relevant, Easy, and Distinctive (RED) Brands and Unrivaled Culture and Talent, took center stage.</li></ul>

Brands, Inc. delivered a mixed set of results for the previous quarter, with revenues below the analyst consensus.Notably, the quarter marked a significant milestone with the unveiling 1,130 gross new units, a testament to their robust unit development strategy.Yum's focus on growth drivers, namely Relevant, Easy, and Distinctive (RED) Brands and Unrivaled Culture and Talent, took center stage.

Yum! Brands Inc.: Technology-Driven Profitable Growth & Franchisee Economics! - Major Drivers

<ul><li>Brands delivered mixed results in its most recent result, with revenues falling short of Wall Street expectations but above-par earnings.</li><li>The company produced same-store sales growth of 9% and unit growth of 6% for the quarter, with KFC setting the standard with a remarkable system sales growth on the back of Yum's industry-leading development momentum, standout marketing initiatives, and pertinent new product layers like the introduction of original recipe hand-breaded chicken nuggets in the U.S.</li><li>Taco Bell's global system sales increased for the quarter, driven by unit expansion and same-store sales growth as the management continued elevating the brand and launching digital initiatives.</li></ul>

Brands delivered mixed results in its most recent result, with revenues falling short of Wall Street expectations but above-par earnings.The company produced same-store sales growth of 9% and unit growth of 6% for the quarter, with KFC setting the standard with a remarkable system sales growth on the back of Yum's industry-leading development momentum, standout marketing initiatives, and pertinent new product layers like the introduction of original recipe hand-breaded chicken nuggets in the U.S.Taco Bell's global system sales increased for the quarter, driven by unit expansion and same-store sales growth as the management continued elevating the brand and launching digital initiatives.

Yum! Brands Inc.: Improving Same-Store Sales & Other Key Drivers

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/guzman-y-gomez" target="_blank" data-smartkarma-citation="entities:43656:1" rel="noopener">Guzman Y Gomez</a> plans to raise around US$160m in its Australian IPO.</li>
<li>GYG is a quick service restaurant business with more than 200 restaurants globally. It mainly focuses on fresh, made-to-order, Mexican-inspired food.</li>
<li>In this note, we talk about the not-so-positive aspects of the deal.</li>
</ul>



Guzman Y Gomez plans to raise around US$160m in its Australian IPO.
GYG is a quick service restaurant business with more than 200 restaurants globally. It mainly focuses on fresh, made-to-order, Mexican-inspired food.
In this note, we talk about the not-so-positive aspects of the deal.


Guzman Y Gomez IPO - The Negatives - Lawsuits and Management Churn

United States

Yum! Brands, Inc, owns and franchises quick-service restaurants worldwide.  The Company develops, operates, franchises and licenses a worldwide system of restaurants which prepare, package and sell a menu of food items.

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Yum! Brands Inc (YUM US)

Yum! Brands Inc.: How Is Their Global Expansion of Franchise Locations Going? - Major Drivers

Yum! Brands, Inc.'s Q1 2024 Earnings highlighted a mixed performance, demonstrating the resilience of the business amidst a challenging operating...

Baptista Research

Yum! Brands Inc: Bold Restaurant Development Growth & Other Major Drivers

Yum! Brands delivered impressive performances across its various business units, despite geopolitical tensions and socio-economic hurdles...

Baptista Research

Yum! Brands Inc.: Technology-Driven Profitable Growth & Franchisee Economics! - Major Drivers

Brands, Inc. delivered a mixed set of results for the previous quarter, with revenues below the analyst consensus. Notably, the quarter marked a...

Baptista Research

Yum! Brands Inc.: Improving Same-Store Sales & Other Key Drivers

Brands delivered mixed results in its most recent result, with revenues falling short of Wall Street expectations but above-par earnings. The...

Baptista Research

Guzman Y Gomez IPO - The Negatives - Lawsuits and Management Churn

Guzman Y Gomez plans to raise around US$160m in its Australian IPO. In this note, we talk about the not-so-positive aspects of the deal.

Sumeet Singh

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52-week Range

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