Unconflicted forensic equity research, sovereign procurement tracking, and unlocked DCF models for institutional asset managers, hedge funds, and defense strategy desks who cannot rely on consensus sell-side cheerleading.
Read by portfolio managers, executives, and defense analysts at
Bridging the gap between institutional rigor and accessible, modern defense market intelligence.
Trading and defense policy experience across bulge-bracket trading desks and diplomatic service.
We build bottom-up valuation models that directly account for defense budgets, procurement lead times, and monetary policy.
Bottom-up position sizing with quantitative liquidity caps, credit risk adjustments, and downside volatility constraints.
If your desk already has Bloomberg Terminal and bulge-bracket bank research, you already have consensus financial multiples and PR-managed corporate roadshows.
Here is what you cannot get from tier-1 investment banks:
Tier-1 investment banks underwrite corporate bond issuances, debt facilities, and M&A advisory mandates for European primes (Airbus, Rheinmetall, Leonardo, Thales). Sell-side analysts are commercially constrained from issuing aggressive contrarian downgrades or exposing capex traps that jeopardize corporate finance fees.
100% subscriber-funded with zero underwriting, zero advisory, and zero trading desk conflicts. We deliver unsanitized forensic teardowns, fixed-price contract margin traps, and execution risk modeling directly to your investment committee before the profit warning hits the tape.
Bulge-bracket coverage universes are fixed and driven by trading volume. If your pod needs a 40-page initiating report and full financial model on an unrated European mid-cap or sub-tier optical sensor monopolist, sell-side desks will not write it for you.
Commission up to 8 bespoke initiating coverage deep dives per year on any listed European defense equity, Tier-2 supplier, or target. Our desk builds the complete bottom-up valuation model, sovereign contract schedule, and forensic dossier tailored to your mandate.
Banks distribute flat, formula-stripped 50-page PDFs with locked tables. Your associates are forced to spend hours manually transcribing numbers and guessing underlying order conversion curves.
Every financial model is delivered in unlocked, fully editable Excel (.xlsx) format: dynamic bottom-up DCFs, program-by-program order backlog conversion curves, working capital schedules, and WACC sensitivity matrices ready to drop straight into your fund's internal models.
Bloomberg aggregates corporate press releases, regulatory filings, and sell-side estimates after the company discloses them, while sell-side ignores Tier-2/Tier-3 component monopolists where supply bottlenecks originate.
Defense revenues originate in sovereign procurement gazettes (Germany's BAAINBw, France's DGA/BOAMP, UK MoD, NATO NSPA, EU TED) months before quarterly earnings calls. We normalize and auto-tag sovereign procurement awards directly to equity tickers, cross-referenced with 1,000+ mapped defense manufacturing plants.
A comprehensive institutional mandate covering research, execution support, and data tools.
Individual credentials and full internal redistribution rights for up to 5 designated investment professionals under an executed Master Services Agreement.
Your dedicated analyst on retainer. Commission on-demand initiating coverage deep dives & financial models on up to 8 European defense names of your choice per annual mandate.
Delivered in editable Excel (.xlsx) format: bottom-up DCFs, program-by-program order backlog conversion curves, working capital schedules, and WACC sensitivity tables.*
Priority email access directly to research leadership (up to 5 queries/month) for contract teardowns, thesis stress-testing, and filings analysis.
Dedicated 30-minute monthly private video or telephonic consultation with research leadership on defense macro shifts, sovereign budget flows, and portfolio positioning.
Forensic coverage of sole-source Tier-2/Tier-3 component monopolists ($JEN.DE, $YSN.DE, $AVIO.MI, $HAG.DE) ignored by large-cap sell-side desks.
Forensic 25–40+ page initiating coverage reports: formal ratings, 12-month target prices, structural procurement moats, plant capacity constraints, and bottom-up financial valuation.
Rapid post-earnings operational teardowns: quarterly backlog conversion, operating leverage bridges, material contract prints, and timely target price revisions.
Forensic structural teardowns of defense sub-sectors: missiles, optical fiber value chains, chemical precursors, aerostructures, and supply chain moats.
Morning intelligence desk dispatch: verified NATO force posture, ministerial white papers, electronic warfare jamming corridors, and unclassified agency intercepts.
European cash close recap: Euronext, XETRA, and LSE closing tape, sovereign yield context, sector volume dispersion, and single-stock movers with verified contract catalysts.
Saturday 7-day strategic review: continental procurement call-off ledgers, book-to-bill conversion multiples, energetics bottlenecks, and sovereign defense budget shifts.
Your enterprise license includes full access to our proprietary tactical data platform at terminal.quartz-sea.com for all 5 named users.
Geospatial engine mapping the physical production footprint of European and Western defense manufacturing.
Defense revenues originate in sovereign procurement gazettes months before appearing in quarterly earnings prints.
Separates headline political budget pledges from addressable equipment procurement demand across the alliance.
Real-time market capitalization-weighted visualization of listed defense equities across Europe, NATO, and global peers.
Upstream bottlenecks dictate delivery schedules and operating margins across defense prime manufacturing lines.
A synchronized timeline dedicated to events, disclosures, and milestones that move European defense stocks.
Low-noise terminal stream delivering real-time defense contract awards and regulatory filings.
Direct tracking of Quartz Sea Research's active equity coverage universe and benchmark performance.
Single annual fee for your core desk. Standard Master Services Agreement and vendor onboarding supported.
Annual mandate starting at $5,000/seat/year ($25,000/yr for standard 5-seat desk license). Multi-year commitments available in the MSA.
We regularly onboard with institutional procurement departments. We provide countersigned MSAs, W-8BEN-E / tax forms, and billing in USD, EUR, or GBP.
Need additional named seats, a multi-year term lock, or dedicated financial models scoped for specific equities? We scope custom mandates directly in the Statement of Work.
No. Institutional allocators can review our published initiating coverage samples or request an introductory call with research leadership to evaluate methodology and terminal data.
The Enterprise Plan is built specifically for institutional asset managers, hedge funds, and defense strategy teams. The core differences are multi-seat provisioning (5 named user seats), bespoke ad-hoc coverage on up to 8 names, and direct desk access (priority email Q&A and dedicated monthly strategy consultation calls with research leadership).
Individual tiers are designed strictly for single-seat personal investors. Note: individual subscription tiers will be phased out by the end of Q1 2027 as Quartz Sea transitions exclusively to an institutional research desk license model.
You designate 5 named individuals in your Order Schedule. Each receives personal login credentials for the QS Terminal and direct research dispatches.
No. The license is strictly limited to the 5 named users. Firm-wide intranet distribution or third-party sharing requires an enterprise data addendum.
Yes. Multi-year commitments (2-3 years) and expanded coverage lists are scoped directly in your Master Services Agreement (MSA).
Every initiating coverage report is a forensic institutional research dossier (25–40+ pages) with ratings, price targets, 6–24 month catalyst timelines, sovereign regulatory moats, peer deconstructions, audited statement reclassifications, DuPont & ROIC spread calculations, bull/bear scenario modeling, and explicit DCF valuation frameworks.
Ongoing coverage includes comprehensive quarterly earnings teardowns and immediate flash notes whenever any material change occurs across covered names (target price milestones, M&A, executive transitions, or major contract awards). Underlying editable spreadsheet models are furnished upon request as specified in the SOW.
Annual or multi-year corporate wire transfer (SWIFT / SEPA / Fedwire / ACH) under Net 15 or Net 30 terms.
We are active market participants. Operating independently without investment banking mandates, corporate sponsorship, or equity underwriting ensures 100% unconflicted fundamental analysis.
