Independent research on the U.S. markets, Baptista Research

Baptista Research

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.

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

Planet Fitness Inc Cl A / Equity Bottom-Up

<ul><li>This is our first report on Planet Fitness Inc. The company had a positive performance in Q4 2023, as it reportedly ended with 18.7 million members and a system-wide same-store sales growth of 8.7% primarily driven by new member growth.</li><li>The fitness company also notched a 19% adjusted EBITDA growth and successfully opened 165 new locations globally.</li><li>It also saw improvements in the age demographic of its members, with increased participation across all age groups, led by the Gen Z segment which now comprises over 25% of Planet Fitness's total membership.</li></ul>

This is our first report on Planet Fitness Inc. The company had a positive performance in Q4 2023, as it reportedly ended with 18.7 million members and a system-wide same-store sales growth of 8.7% primarily driven by new member growth.The fitness company also notched a 19% adjusted EBITDA growth and successfully opened 165 new locations globally.It also saw improvements in the age demographic of its members, with increased participation across all age groups, led by the Gen Z segment which now comprises over 25% of Planet Fitness's total membership.

Planet Fitness:  Initiation of Coverage - Real Estate Constraints & 3 Major Challenges In Its Path! - Major Drivers