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.

Thematic (Sector/Industry)

<ul>
<li>Total public EV charging stations (incl. temporary unavailable locations) were 72,280 as of September 30, 2024. Compared to the end of FY23, it is an increase of 11.8%.</li>
<li>Total EVSE charging ports (including the temporary unavailable ports) were 197,133, up nearly 17.1% compared to the end of 2023 and up 1.5% over August 2024.</li>
<li>US considerably lags behind China which had 3.32 million public charging stations at the end of September 2024.</li>
</ul>


Total public EV charging stations (incl. temporary unavailable locations) were 72,280 as of September 30, 2024. Compared to the end of FY23, it is an increase of 11.8%.
Total EVSE charging ports (including the temporary unavailable ports) were 197,133, up nearly 17.1% compared to the end of 2023 and up 1.5% over August 2024.
US considerably lags behind China which had 3.32 million public charging stations at the end of September 2024.


US EV Charging Infrastructure Tracker - Sep 2024

Event-Driven

Fortive Corporation operates as a diversified industrial growth company. The Company focuses on professional instrumentation, automation, sensing, and transportation technologies. Fortive serves customers worldwide.

<ul>
<li>On September 4, 2024, Fortive Corp (NYSE: FTV) announced plans to separate its Precision Technologies business into a separate publicly listed company (NewCo), via a tax-free spin-off transaction.</li>
<li>NewCo, being more volatile and lower margin, versus the parent, has been a drag on the overall valuation of FTV.</li>
<li>FTV (ex NewCo) will be a high recurring revenue business with strong free cash flow generation profile. We believe that FTV (ex NewCo) will command a higher multiple.</li>
</ul>


On September 4, 2024, Fortive Corp (NYSE: FTV) announced plans to separate its Precision Technologies business into a separate publicly listed company (NewCo), via a tax-free spin-off transaction.
NewCo, being more volatile and lower margin, versus the parent, has been a drag on the overall valuation of FTV.
FTV (ex NewCo) will be a high recurring revenue business with strong free cash flow generation profile. We believe that FTV (ex NewCo) will command a higher multiple.


Fortive Corp (NYSE: FTV) To Spin-Off Precision Technologies Business

<ul>
<li>US considerably lags behind China and Europe which had 3.2 million and 0.9 million public charging points at the end of July 2024. US had just 180,136.</li>
<li>US aims to reach 500,000 public EV chargers by 2030. This compared with EU's target of 3.5 million chargers by the same timeframe.</li>
<li>EV adoption remains slow in the U.S. impacted by pricing and lack of infrastructure.</li>
</ul>


US considerably lags behind China and Europe which had 3.2 million and 0.9 million public charging points at the end of July 2024. US had just 180,136.
US aims to reach 500,000 public EV chargers by 2030. This compared with EU's target of 3.5 million chargers by the same timeframe.
EV adoption remains slow in the U.S. impacted by pricing and lack of infrastructure.


US Lags Behind China and Europe in EV Charging Infrastructure

<ul>
<li>Total public EV charging stations (incl. temporary unavailable locations) were 71,129 as of July 30, 2024. Compared to the end of FY23, it is an increase of 10.0%.</li>
<li>Total EVSE charging ports (including the temporary unavailable ports) were 190,454, up nearly 13.1% compared to the end of 2023 and up 1.3% over June 2024.</li>
<li>US considerably lags behind China which had 3.05 million public charging stations at the end of May 2024.</li>
</ul>


Total public EV charging stations (incl. temporary unavailable locations) were 71,129 as of July 30, 2024. Compared to the end of FY23, it is an increase of 10.0%.
Total EVSE charging ports (including the temporary unavailable ports) were 190,454, up nearly 13.1% compared to the end of 2023 and up 1.3% over June 2024.
US considerably lags behind China which had 3.05 million public charging stations at the end of May 2024.


US EV Charging Infrastructure Tracker: Update – July 2024

Equity Bottom-Up

Spectrum Brands Holdings, Inc / Equity Bottom-Up

Spectrum Brands Holdings, Inc. is a global and diversified consumer products company and a supplier of consumer batteries, residential locksets, residential builders' hardware, faucets, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn and garden and home pest control products, and personal insect repellents.

<ul>
<li>SPB plans to spin-off its home &amp; personal care (HPC) business into a separate listed company (SpinCo). The parent will retain Global Pet Care and Home &amp; Garden business units.</li>
<li>The separation will allow SPB to allocate capital and resources more efficiently towards higher growth categories.  SPB (ex SpinCo) will be a higher-growth, higher margin business.</li>
<li>HPC business (low-growth and low-margin) has been a drag on the overall valuation of SPB. The spin-off will unlock value as SPB (ex SpinCo) will command higher multiple post spin.</li>
</ul>


SPB plans to spin-off its home &amp; personal care (HPC) business into a separate listed company (SpinCo). The parent will retain Global Pet Care and Home &amp; Garden business units.
The separation will allow SPB to allocate capital and resources more efficiently towards higher growth categories.  SPB (ex SpinCo) will be a higher-growth, higher margin business.
HPC business (low-growth and low-margin) has been a drag on the overall valuation of SPB. The spin-off will unlock value as SPB (ex SpinCo) will command higher multiple post spin.


Spin-Off Analysis: Spectrum Brands Holdings Inc. (SPB) To Spin-Off Home & Personal Care Business

GSBR Research is an independent equity research provider. We are focused on locating under covered stocks with strong price appreciation potential.

Garvit Bhandari
Founder, CEO
• GSBR Research

US EV Charging Infrastructure Tracker - Sep 2024

US public EV charging points at 186,069 in September 2024 lags far behind China's 3.32 million public charging points. The pace of EV charging...

GSBR Research

Fortive Corp (NYSE: FTV) To Spin-Off Precision Technologies Business

Fortive Corp to spin off Precision Technologies business into separate publicly listed company, NewCo. Spin-off to unlock value for shareholders.

GSBR Research

US Lags Behind China and Europe in EV Charging Infrastructure

US considerably lags behind China and Europe which had 3.2 million 0.9 million public charging points at the end of July 2024. US just had 180,136.

GSBR Research

US EV Charging Infrastructure Tracker: Update – July 2024

This report provides the latest update on the US EV Charging Infrastructure - number of charging stations, number of charging ports, state and...

GSBR Research

Spin-Off Analysis: Spectrum Brands Holdings Inc. (SPB) To Spin-Off Home & Personal Care Business

SPB to spin-off HPC business into separate company to focus on higher growth categories and unlock value. SPB (ex SpinCo) will command a higher...

GSBR Research

US EV Charging Infrastructure Tracker - Sep 2024

​US public EV charging points at 186,069 in September 2024 lags far behind China's 3.32 million public charging points. The pace of EV charging...

GSBR Research

Fortive Corp (NYSE: FTV) To Spin-Off Precision Technologies Business

​Fortive Corp to spin off Precision Technologies business into separate publicly listed company, NewCo. Spin-off to unlock value for shareholders.

GSBR Research

US Lags Behind China and Europe in EV Charging Infrastructure

US considerably lags behind China and Europe which had 3.2 million 0.9 million public charging points at the end of July 2024. US just had 180,136.

GSBR Research

US EV Charging Infrastructure Tracker: Update – July 2024

This report provides the latest update on the US EV Charging Infrastructure - number of charging stations, number of charging ports, state and...

GSBR Research

Spin-Off Analysis: Spectrum Brands Holdings Inc. (SPB) To Spin-Off Home & Personal Care Business

​SPB to spin-off HPC business into separate company to focus on higher growth categories and unlock value. SPB (ex SpinCo) will command a higher...

GSBR Research

US public EV charging points at 186,069 in September 2024 lags far behind China's 3.32 million public charging points. The pace of EV charging...

Fortive Corp to spin off Precision Technologies business into separate publicly listed company, NewCo. Spin-off to unlock value for shareholders.

SPB to spin-off HPC business into separate company to focus on higher growth categories and unlock value. SPB (ex SpinCo) will command a higher...