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Solvar Ltd.

Financial Services AU SVR

1.5AUD
-(-%)

Last update at 2024-12-24T03:10:00Z

Day Range

1.431.50
LowHigh

52 Week Range

0.891.62
LowHigh

Fundamentals

  • Previous Close 1.50
  • Market Cap315.38M
  • Volume115100
  • P/E Ratio19.25
  • Dividend Yield6.39%
  • EBITDA119.28M
  • Revenue TTM215.99M
  • Revenue Per Share TTM1.03
  • Gross Profit TTM 209.34M
  • Diluted EPS TTM0.08

Analyst Recommendations

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Income before tax 27.76M 66.57M 73.64M 56.41M 32.14M
Minority interest - - - - -
Net income 17.04M 47.63M 51.63M 39.16M 24.19M
Selling general administrative 54.37M 32.01M 31.21M 25.55M 22.13M
Selling and marketing expenses 41.30M 1.29M 1.37M 1.63M 1.22M
Gross profit 215.99M 190.67M 168.93M 132.67M 114.80M
Reconciled depreciation - - - - -
Ebit 82.58M 108.47M 96.93M 78.64M 47.47M
Ebitda 84.65M 110.77M 99.16M 80.92M 49.35M
Depreciation and amortization 2.08M 2.30M 2.23M 2.28M 1.88M
Non operating income net other - - - - -
Operating income 113.06M 108.47M 96.93M 78.64M 47.47M
Other operating expenses 102.93M 100.87M 90.94M 66.46M 76.57M
Interest expense 54.81M 41.89M 23.14M 22.24M 15.06M
Tax provision - 18.94M 22.01M 17.24M 9.95M
Interest income - 41.89M 23.14M 22.24M 15.06M
Net interest income - - - - -
Extraordinary items - - - 0.00000M 2.00M
Non recurring - - - - -
Other items - - - - -
Income tax expense 10.72M 18.94M 22.01M 17.24M 9.95M
Total revenue 215.99M 209.34M 183.10M 143.74M 122.13M
Total operating expenses 102.93M 100.87M 90.94M 66.46M 76.57M
Cost of revenue 20.81M 18.67M 14.18M 11.07M 7.34M
Total other income expense net -85.30100M -59.59100M -39.71300M -30.71100M -15.32800M
Discontinued operations - - - - -
Net income from continuing ops - - - - -
Net income applicable to common shares - 47.63M 51.63M 39.16M 24.19M
Preferred stock and other adjustments - - - - -
Breakdown 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Total assets 1022.98M 1015.50M 822.17M 628.63M 441.56M
Intangible assets 0.82M 3.52M 4.40M 5.27M 4.71M
Earning assets - - - - -
Other current assets -969.01300M 6.44M 3.89M 4.15M 2.55M
Total liab 657.24M 638.37M 453.25M 292.11M 191.71M
Total stockholder equity 365.74M 377.13M 368.92M 336.52M 249.85M
Deferred long term liab - - - - -
Other current liab -253.75800M 3.08M 23.78M 26.06M 13.98M
Common stock 230.41M 229.98M 238.85M 229.35M 169.47M
Capital stock - - - - -
Retained earnings 132.94M 145.15M 128.28M 104.18M 76.81M
Other liab - - - - -
Good will 19.36M 27.20M 27.20M 27.20M 18.14M
Other assets 1022.98M 22.10M 15.76M 11.30M 11.51M
Cash 152.90M 145.87M 122.50M 55.63M 44.47M
Cash and equivalents - 40.00M - - 0.00000M
Total current liabilities 277.52M 127.31M 60.16M 64.75M 17.79M
Current deferred revenue 272.23M - - 22.59M 12.24M
Net debt 480.05M 472.98M 303.33M 207.37M 127.57M
Short term debt 253.76M 110.92M 33.12M 36.01M 2.08M
Short long term debt - - - - -
Short long term debt total 632.94M 618.85M 425.83M 263.00M 172.04M
Other stockholder equity - -0.62700M -1.25500M -0.27400M -0.23300M
Property plant equipment - 4.29M 3.78M 3.55M 3.76M
Total current assets 411.96M 404.52M 342.84M 245.30M 192.86M
Long term investments - - - - -
Net tangible assets - - - - -
Short term investments - - - - -
Net receivables 816.12M 251.70M 216.46M 185.52M 145.84M
Long term debt - 505.85M 391.24M 226.08M 168.42M
Inventory - 0.51M - - -
Accounts payable 5.29M 13.30M 3.26M 2.68M 1.72M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 2.38M 2.00M 1.79M 2.99M 3.57M
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 571.49M 562.17M 432.21M 336.00M 210.85M
Deferred long term asset charges - - - - -
Non current assets total 611.02M 610.98M 479.33M 383.33M 248.70M
Capital lease obligations - - - - -
Long term debt total - 507.93M 392.71M 226.99M 169.96M
Breakdown 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Investments - - - - -
Change to liabilities - - - - -
Total cashflows from investing activities - -1.52700M -3.10500M -23.00900M 7.49M
Net borrowings - - - - -
Total cash from financing activities -12.52000M 149.09M 136.18M 82.58M 18.65M
Change to operating activities - - - - -
Net income 17.04M 47.63M 51.63M 39.16M 22.19M
Change in cash 7.03M 23.37M 67.28M 10.75M 9.10M
Begin period cash flow 145.87M 122.50M 55.22M 44.47M 35.38M
End period cash flow 152.90M 145.87M 122.50M 55.22M 44.47M
Total cash from operating activities 19.75M -124.19400M -65.77900M -48.82500M -17.03800M
Issuance of capital stock - - - - -
Depreciation 2.08M 2.30M 2.23M 2.28M 1.88M
Other cashflows from investing activities - -1.20000M -2.31100M -22.14000M 8.26M
Dividends paid 26.14M 27.34M 25.65M 11.80M 16.66M
Change to inventory - - - - -
Change to account receivables -18.32500M -172.04400M -128.43700M -93.78600M -56.52100M
Sale purchase of stock -2.68600M -13.47400M 273.02M 225.42M 45.86M
Other cashflows from financing activities -0.94300M 350.92M 272.16M 224.56M 45.21M
Change to netincome - - - - -
Capital expenditures 0.20M 0.33M 0.79M 0.87M 0.77M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -27.86300M -199.16000M -164.89200M -114.70000M -80.60400M
Stock based compensation - 0.73M 1.74M 1.12M 1.15M
Other non cash items 28.49M 182.50M 8.33M 5.71M 17.40M
Free cash flow 19.55M -0.32700M -0.79400M -0.86900M -0.77100M

Peer Comparison

Sector: Financial Services Industry: Credit Services

Company Change (AUD) Price (AUD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
SVR
Solvar Ltd.		 - -% 1.50 19.25 9.26 1.46 0.88 3.71 9.46
ZIP
Zip Co Limited		 - -% 2.91 295.00 384.62 4.44 9.53 6.75 16.29
LFS
Latitude Financial Services Group Limited		 - -% 1.15 - - 2.83 0.97 6.99 16.49
CCP
Credit Corp Group Ltd		 - -% 16.11 22.09 12.21 2.95 1.37 3.78 13.92
LFG
Liberty Financial Group Pty Ltd		 - -% 3.20 8.58 6.52 1.64 0.81 9.63 11.12

Reports Covered

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Profile

Solvar Limited, together with its subsidiaries, provides automotive finance in Australia and New Zealand. It offers consumer and commercial loans for new and used cars, motorbikes, utility vehicles, tractors, caravan, horse floats, motor bikes, trailers, trucks, boats, and jet skis. The company provides secured and unsecured personal loans. It sells loans through brokers and dealers under the Automotive Financial Services, Go Car Finance, and Money3 brands. The company was formerly known as Money3 Corporation Limited and changed its name to Solvar Limited in November 2022. The company was founded in 2000 and is headquartered in Bundoora, Australia.

Solvar Ltd.

40 Graduate Road, Bundoora, VIC, Australia, 3083

Key Executives

Name Title Year Born
Mr. Scott Joseph Baldwin CEO, MD & Executive Director 1975
Mr. Siva Subramani Chief Financial Officer NA
Mr. Pushkar Pendse Chief Operating Officer NA
Simon Hinsley Head of Investor Relations NA
Ms. Carly Crowe Risk & Compliance Manager NA
Natasha Velkovski Head of Marketing NA
Tessa Georgis Head of Human Resources NA
Ms. Terri-Anne Bakos Company Secretary 1968
Mr. Paul Verhoeven Chief Executive Officer of Go Car Finance - New Zealand NA
Mr. Scott Joseph Baldwin CEO, MD & Executive Director 1975

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