Managing Partner, VRS (Valuation & Research Specialists)

VRS (Valuation & Research Specialists)

Financial analyst specializing on corporate valuation. Long-term experience in analyzing and valuing listed and non listed companies in a wide range of business sectors in Europe, North America and internationally. Some of the sectors covered are financial services, industrials, high technology and real estate. Certified Equity Analyst by the Hellenic Capital Market Commission, Greece. Member of the Hellenic Association of Certified Securities Analysts (HACSA), Greece. Associate Member of the Chartered Institute for Securities & Investment (CISI), UK.

Specialties: Applying methods in corporate valuation, developing valuation models and writing equity research and valuation reports. Consulting services to companies with regard to their valuation drivers and potential corporate value, utilized in corporate deals such as mergers, acquisitions and sale of businesses. Specialized financial translations.

Managing Partner

Valuation & Research Specialists (VRS) is a boutique financial advisor with more than 17 years of experience in Corporate Valuation and Finance, and a diversified client base including some of the largest Companies in Greece.

Since 2002, VRS has completed more than 200 engagements in the areas of business valuation and financial analysis for more than 100 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.

Boutique Financial Advisor

Equity Bottom-Up

<h3>Financial Highlights &amp; Investment Considerations</h3>
<ul>
<li>Apple Inc. is a global company that designs, manufactures and markets smartphones, personal computers, tablets, wearables, and accessories to a diversified client base that includes consumers, small and mid-sized businesses, governments and the education. It also sells its products through its retail and online stores, direct sales force and third-party cellular network carriers, wholesalers, retailers, and resellers. The company also delivers various related services such as cloud and non-related services such as Apple Music and Apple TV+. It operates various platforms, including App Store allowing customers to download applications and digital content.</li>
<li>On July 14th Apple announced plans to launch a new “buy now pay later” service for Apple Pay in partnership with Goldman Sachs. On July 28th , Apple reported that chip shortages affected its iPad and Mac production and also started to have impact on the iPhone business. On October 27th, Apple announced that the carbon neutral goal will be achieved earlier, in 2030, since the suppliers’ commitments into using 100% clean energy have been doubled. On October 29th, the company had been facing supply chain challenges in the busy holiday season. On November 10th, the company announced Apple Business Essentials, a new service addressed to small businesses. On November 12nd, Apple supplier Foxconn forecast that a global chip shortage would occur into the second half of 2022 and its Q4 revenue for electronics, including smartphones, would fall more than 15%.</li>
</ul>
<p>[Note: Financial Year end is on September 25th-30th.]</p>
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<p>Over the last three months, it can be observed that the green candlesticks surpass the red ones on Apple stock. The stock price exceeded the upper Bollinger Band five times during the examined period and crossed below the lower band on September 20th, providing potential signs of an overbought and oversold market respectively. On September 10th, the MACD line crossed below the signal line, but it rebounded on October 14th and finally the MACD line has returned to the bullish area since October 25th, indicating a buy signal. The CCI indicator crossed below the buy signal boundary on 29th of October, remaining at the neutral area until November 16th, when it rebounded back on the bullish area, indicating a potential buy signal. Finally, there is another potential buy signal provided by Moving Averages, where on November 4th , the short-term MA 20 crossed above the long-term MA 50.</p>
<p><strong>Important Note:</strong></p>
<p>Information contained herein is based on data obtained from recognized statistical services, issue reports or communications, or other sources, believed to be reliable. However, such information has not been verified by VRS, and VRS does not make any representation as to its accuracy and completeness. Opinions, estimates, and statements nonfactual in nature expressed in its research represent VRS’s judgment as of the date of its reports, are subject to change without notice and are provided in good faith and without legal responsibility. In addition, there may be instances when fundamental, technical and quantitative opinions, estimates, and statements may not be in concert. Neither the information nor any opinion expressed shall constitute an offer to sell or a solicitation of an offer to buy any shares, warrants, convertible securities or options of “covered companies” by no means. Valuation &amp; Research Specialists (VRS) are the sole creators and distributors of this report.</p>

Financial Highlights &amp; Investment Considerations

Apple Inc. is a global company that designs, manufactures and markets smartphones, personal computers, tablets, wearables, and accessories to a diversified client base that includes consumers, small and mid-sized businesses, governments and the education. It also sells its products through its retail and online stores, direct sales force and third-party cellular network carriers, wholesalers, retailers, and resellers. The company also delivers various related services such as cloud and non-related services such as Apple Music and Apple TV+. It operates various platforms, including App Store allowing customers to download applications and digital content.
On July 14th Apple announced plans to launch a new “buy now pay later” service for Apple Pay in partnership with Goldman Sachs. On July 28th , Apple reported that chip shortages affected its iPad and Mac production and also started to have impact on the iPhone business. On October 27th, Apple announced that the carbon neutral goal will be achieved earlier, in 2030, since the suppliers’ commitments into using 100% clean energy have been doubled. On October 29th, the company had been facing supply chain challenges in the busy holiday season. On November 10th, the company announced Apple Business Essentials, a new service addressed to small businesses. On November 12nd, Apple supplier Foxconn forecast that a global chip shortage would occur into the second half of 2022 and its Q4 revenue for electronics, including smartphones, would fall more than 15%.

[Note: Financial Year end is on September 25th-30th.]



Over the last three months, it can be observed that the green candlesticks surpass the red ones on Apple stock. The stock price exceeded the upper Bollinger Band five times during the examined period and crossed below the lower band on September 20th, providing potential signs of an overbought and oversold market respectively. On September 10th, the MACD line crossed below the signal line, but it rebounded on October 14th and finally the MACD line has returned to the bullish area since October 25th, indicating a buy signal. The CCI indicator crossed below the buy signal boundary on 29th of October, remaining at the neutral area until November 16th, when it rebounded back on the bullish area, indicating a potential buy signal. Finally, there is another potential buy signal provided by Moving Averages, where on November 4th , the short-term MA 20 crossed above the long-term MA 50.
Important Note:
Information contained herein is based on data obtained from recognized statistical services, issue reports or communications, or other sources, believed to be reliable. However, such information has not been verified by VRS, and VRS does not make any representation as to its accuracy and completeness. Opinions, estimates, and statements nonfactual in nature expressed in its research represent VRS’s judgment as of the date of its reports, are subject to change without notice and are provided in good faith and without legal responsibility. In addition, there may be instances when fundamental, technical and quantitative opinions, estimates, and statements may not be in concert. Neither the information nor any opinion expressed shall constitute an offer to sell or a solicitation of an offer to buy any shares, warrants, convertible securities or options of “covered companies” by no means. Valuation &amp; Research Specialists (VRS) are the sole creators and distributors of this report.

Apple

Technical Analysis on Apple Inc