Institutional Equity Research for Undercovered Public Companies
Alliance Equity Research publishes independent and company-sponsored research on undercovered, emerging, and high-potential public companies globally.
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Latest Research
Recent initiation reports, research updates and company commentary from Alliance Equity Research.
ASML Holding N.V.
ASML
A Near-Monopoly Lithography Franchise Powering Global Semiconductor Supply Chain with EUV Dominance and High-NA Optionality
Initiation coverage examining EUV leadership, High-NA optionality, DUV economics, installed-base services, competitive moat, semiconductor demand drivers, valuation summary, and key risks.
Dexcom, Inc.
DXCM
Dominant CGM Franchise Leveraging Technology, Coverage Expansion, and Consumer Tailwinds to Sustain Multi-Year Growth
Initiation coverage examining CGM market leadership, product strategy, reimbursement expansion, recurring sensor economics, international growth, valuation summary, and key risks.
Insights
Timely analysis of company developments, industry trends, capital markets activity, and emerging investment themes across global public markets.
Industrials & AerospaceSchneider’s Data-Center Growth Supports a Software Expansion With Demanding Acquisition Economics
Schneider Electric has raised its outlook again as demand for data-center power and cooling equipment strengthens. Its proposed PTC acquisition would extend the business into product engineering software, but the purchase economics depend on earnings benefits that exceed the identified cost savings.
Capital Markets & M&ATransocean’s Larger Credit Line Links Financing Flexibility to the Valaris Merger
Transocean has retired expensive secured debt and arranged a larger revolving facility that depends on completing its Valaris acquisition. The developments improve its financing options, but lasting balance-sheet progress will depend on converting contracted drilling work into cash while absorbing the combined fleet.
Mining & Critical MineralsAtalaya’s Copper Recovery Improves as Fresh Equity Funds Its Next Growth Phase
Atalaya is extracting more copper from each tonne processed at Riotinto, supporting output without another large plant expansion. Its stronger balance sheet also reflects January’s equity raise and lower borrowings. Future returns depend on turning that funding into accessible ore and reliable processing performance.
Capital Markets & M&ACCC’s $6.1 Billion Buyout Puts a Price on Embedded Insurance Software
GTCR and Elliott’s proposed acquisition of CCC Intelligent Solutions values the business at approximately 12.5 times its July forecast for 2026 adjusted EBITDA. Its position connecting insurers and repair shops supports the investment case, while cash conversion and AI monetisation will determine the buyers’ returns.
Mining & Critical MineralsSSR Mining’s Roxmore Deal Secures a Longer Runway for Its Nevada Operations
SSR Mining’s proposed acquisition of Roxmore adds a neighbouring gold development project to its Nevada portfolio. Existing cash supports the purchase, while the eventual return depends on permitting, construction costs and coordinating future production with the established Marigold operation.
Technology & SemiconductorsASML’s Capacity Shortfall Is Increasing the Value of Machines Already in Service
ASML’s latest results show chipmakers spending more to increase output from existing equipment as demand outpaces planned manufacturing capacity. Productivity upgrades are supporting margins, while the next expansion phase will test how quickly ASML and its suppliers can deliver additional systems.
Biotechnology & HealthcareTwo Phase 3 Wins Give Bristol Myers New Options Beyond Its Current Portfolio
Bristol Myers Squibb has reported successful pivotal trials in pulmonary fibrosis and radiopharmaceutical oncology. The readouts strengthen two future-growth programs, including the lead asset from its $4.1 billion RayzeBio acquisition, although the data disclosed so far are insufficient to estimate their commercial value.
Industrials & AerospaceVolution’s Acquisition Strategy Is Broadening Its Markets and Increasing Its Funding Needs
Volution’s latest results show how a ventilation manufacturer can grow through acquisitions while improving operating margins. Expansion into mining and European heat recovery adds new customers, but acquisition payments are absorbing cash and increasing the importance of returns on invested capital.
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Alliance Equity Research develops written company analysis and detailed financial models together. The model is used to test operating assumptions, financial outcomes, scenarios, and valuation frameworks.
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