VRS (VALUATION & RESEARCH SPECIALISTS)

 

 

Founded in 2002, VRS (VALUATION & RESEARCH SPECIALISTS) - VRS INTERNATIONAL S.A. is an independent Financial Research & Consulting Firm with offices in Luxembourg, Toronto and Athens, and with senior presence in the broader European and North American markets, providing advanced equity research and valuation reports as well as value-related advisory services and credit rating services to local and international institutions, business entities and individual clients.

VRS is a boutique financial advisor with more than 20 years of experience in Corporate Valuation and Finance, and a diversified client base including some of the largest Companies in Europe and North America.

Since 2002, VRS has completed more than 500 engagements in the areas of business valuation and financial analysis for more than 200 clients in a wide range of industries.

VRS has been honored to work with small and large private and publicly traded companies in Europe and overseas.

VRS provides corporations with services in financial restructuring, valuation of business enterprises, intangible assets and tangible fixed assets, value enhancement and strategic expansion.

VRS also assists companies involved in mergers and acquisitions and tracks the market in order to offer advice on when to make public offerings and private placements.

VRS cooperates with fund managers, asset managers, business owners, international organizations, banks and strategic or institutional investors.

VRS has worked with over 200 companies in Europe and North America in financing, private placements, initial public offerings, business acquisitions and mergers.

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

EUR/CHF Technical Comment, March 2025

Technical Analysis & Fundamental Review

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

ALUMINUM FUTURES Commodity Analysis | March 2025

Technical Analysis & Fundamental Review | VRS Research Team

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

Dry Bulk Shipping Market | Quick Note by VRS Team – March 2025

Volatility at the Gate for BDI (Baltic Dry Index)

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  • VRS RESEARCH TEAM

UNITED STATES Macro Note, March 2025

The US economy entered 2025 with solid momentum but rising uncertainty surrounding trade tensions and immigration policy has increased downside risks to our outlook. Recent tariff announcements, specifically affecting imports from key trade partners, have led us to become more pessimistic about growth prospects for both 2025 and 2026.

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

LUXEMBOURG Macro Note, March 2025

Luxembourg's economy is anticipated to experience moderate growth between 2024 and 2026, with real GDP increasing by 1.26% in 2024, 2.68% in 2025, and 2.49% in 2026, following a contraction of 1.09% in 2023, according to the IMF.

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

SIEMENS AG Flash Note

Siemens AG is a Germany-based technology company, which is focused on the areas of automation and digitalization in the process and manufacturing industries, intelligent infrastructure for buildings and distributed energy systems, smart mobility solutions for rail transport, and medical technology and digital healthcare services.

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  • VRS RESEARCH TEAM

COLUMBIA SPORTSWEAR COMPANY Flash Note

Columbia Sportswear Company is a multi-brand in outdoor, active and lifestyle products, including apparel, footwear, accessories, and equipment. The Company manages its product line in two categories: apparel, accessories, and equipment products and footwear products. Columbia Sportswear Company was founded in 1938 and is headquartered in Portland, Oregon, USA.

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

RTL GROUP S.A. Equity Research Note following meeting with the Company

RTL Group is a leading entertainment company across broadcast, streaming, content and digital, with interests in 60 television channels, seven streaming services and 37 radio stations.

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  • VRS RESEARCH TEAM

PROFILE SOFTWARE S.A. Equity Research Note

Profile Systems and Software SA is a Greece-based information technology (IT) company.

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  • VRS RESEARCH TEAM

MOTODYNAMICS S.A. Equity Research Note

MOTODYNAMICS S.A. is the official exclusive distributor of YAMAHA MOTOR Co. Ltd. in Greece, Romania and Bulgaria, as well as of PORSCHE AG and SIXT in Greece. The company’s vision and goal is to continue leading in the mobility sector, following all contemporary trends and applying them into the Greek market as well as internationally. MOTODYNAMICS S.A. was established in 1969 and is headquartered in Athens, Greece.

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

ALUMINUM FUTURES Commodity Analysis | March 2025

Technical Analysis & Fundamental Review | VRS Research Team

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

SILVER FUTURES Commodity Analysis | November 2024

Technical Analysis & Fundamental Review | VRS Research Team

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

GOLD Futures Commodity Analysis | October 2024

Technical Analysis & Fundamental Review | VRS Research Team

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

CRUDE OIL WTI Futures Commodity Analysis | October 2024

Technical Analysis & Fundamental Review | VRS Research Team

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

US STEEL COIL Futures Commodity Analysis | August 2024

Technical Analysis & Fundamental Review | VRS Research Team

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM
VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

EUROZONE Macro Note, March 2023

The economic outlook for the Euro area has slightly improved over the past quarter driven by declining energy prices, resilient balance sheets across households and corporations, and strong labor markets.

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM
VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

VRS Research Team | GREECE Macro Note | October 2022

Macroeconomic Review Macroeconomic Review Excel Data

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  • VRS RESEARCH TEAM

EUROZONE Macro Note, September 2022

The economic outlook in the Euro area remains gloomy and a stagflationary shock is looming amid weakening economic fundamentals, soaring energy prices, and higher borrowing costs.

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

GREECE Macro Note | July 2022

Macroeconomic Review  |  Macroeconomic Review Excel Data  |  #eurozone #greekeconomy #macroeconomics

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

EUR/CHF Technical Comment, March 2025

Technical Analysis & Fundamental Review

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

EUR/USD Technical Comment, February 2025

Technical Analysis & Fundamental Review

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

EUR/CNY Technical Comment

Technical Analysis & Fundamental Review

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

USD/CAD Technical Comment, November 2024

Technical Analysis & Fundamental Review

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

EUR/USD Technical Comment, October 2024

Technical Analysis & Fundamental Review

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

Global Bond Markets Report

Full Bond Market Review - Latest Developments, Graph Analysis & Statistics

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

Global Bond Markets Report

Global Bond Markets Review

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  • VRS RESEARCH TEAM

Global Bond Markets Report, March 2020

Bond markets continue to reflect investors’ worries about the damage the coronavirus is doing to the global economy, but at the same they have taken their own hit as global conditions have substantially deteriorated and the need for liquidity from any source available is now top priority.

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

Global Bond Markets Report, June 28, 2019

Our analysis deals with the major government bond markets across the globe. Data as of end June 2019.

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

Stock Markets & Currencies, Historical Graph Analysis Report, Period 2...

Historical Graph Analysis Report Stock Market Indices: Dow Jones IA 30 – USA, Nikkei 225 – Japan, FTSE 100 – UK, DAX 30 – Germany, CAC 40 – France, General Index – Greece, Nasdaq – USA Foreign Exchange Rates: EUR / USD, USD / JPY, EUR / JPY, GBP / USD, EUR / CHF, EUR / GBP, USD / CHF

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

EUROZONE Economic Outlook - Q3 2020, September 2020

Despite the recent rebound in economic activity, the outlook in Euro Area remains extremely uncertain and is subject to exceptional risks given the spread of new infections in many European countries. Sluggish global demand and the recent appreciation of the single currency exchange rate could hamper exports and inflation outlook. In addition, lower energy prices, cautious household consumption and higher unemployment rates are expected to drag inflation rates even lower.

Global Markets Quarterly Update, June 1st 2020

The early 2020 Coronavirus/COVID market collapse will be remembered for many decades to come as the decline that not only caught by surprise many analysts and investors but also as the event that humbled even the famous ones. Many market mavens and gurus were easily beaten by the market as we all contemplated from front row sits the show of a life time.

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

Global Markets Update | Equities, Bonds, Currencies & Commodities, Feb...

The last quarter of 2019 was perhaps one for the market history books. And that was not only because of the amazing performance of many markets (equities especially) but also of the way once again the US Fed and other Central Banks “intercepted” with the previously developing reality.

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

BITCOIN Technical Comment

Technical Analysis & Fundamental Review

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

Valuing Software Startups in Europe and North America: Tips & Takeaway...

We highlight some tips and takeaways from VRS Team’s engagement in valuation assignments with regard to SaaS startup companies in Europe and North America.

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

UNITED KINGDOM Macro Note & Financial Model, December 2024

The UK economy has recently shown signs of stabilizing after a period of stagnation, with a modest uptick in household spending and business investment.

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM
VRS RESEARCH TEAM
  • VRS RESEARCH TEAM
VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

Dry Bulk Shipping Market | Quick Note by VRS Team – March 2025

Volatility at the Gate for BDI (Baltic Dry Index)

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

UNITED STATES Macro Note, March 2025

The US economy entered 2025 with solid momentum but rising uncertainty surrounding trade tensions and immigration policy has increased downside risks to our outlook. Recent tariff announcements, specifically affecting imports from key trade partners, have led us to become more pessimistic about growth prospects for both 2025 and 2026.

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

LUXEMBOURG Macro Note, March 2025

Luxembourg's economy is anticipated to experience moderate growth between 2024 and 2026, with real GDP increasing by 1.26% in 2024, 2.68% in 2025, and 2.49% in 2026, following a contraction of 1.09% in 2023, according to the IMF.

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

CANADA Macro Note & Financial Model, February 2025

In the third quarter of 2024, Canada’s economy grew by 1.0% (QoQ). This growth was primarily driven by increases in both real private and government final consumption expenditures, which rose by approximately 0.8% and 1.0% (QoQ) respectively.

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

SWITZERLAND Macro Note, February 2025

Review of economic indicators and financial markets, forecasts on selective macroeconomic metrics - Inflation, Public Finances, Unemployment, Balance of Payments, Stock Exchange General Index, Market Risk, Industry Betas, P/E Multiples, Corporate Tax Rates, Bond Yields, Economic Sentiment Index, Business Confidence Index, Real Estate Prices, Sovereign Ratings, Interest Rates and Foreign Direct Investment.

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