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Solvar Ltd.

Financial Services AU SVR

0.955AUD
-0.01(1.04%)

Last update at 2024-05-02T06:10:00Z

Day Range

0.950.96
LowHigh

52 Week Range

0.921.73
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Income before tax 66.57M 73.64M 56.41M 32.14M 35.34M
Minority interest - - - - -
Net income 47.63M 51.63M 39.16M 24.19M 29.21M
Selling general administrative 32.01M 31.21M 25.55M 22.13M 22.83M
Selling and marketing expenses 1.29M 1.37M 1.63M 1.22M 1.54M
Gross profit 190.67M 168.93M 132.67M 114.80M 87.77M
Reconciled depreciation - - - - -
Ebit 108.47M 96.93M 78.64M 47.47M 46.90M
Ebitda 110.77M 99.16M 80.92M 49.35M 47.52M
Depreciation and amortization 2.30M 2.23M 2.28M 1.88M 0.62M
Non operating income net other - - - - -
Operating income 108.47M 96.93M 78.64M 47.47M 46.90M
Other operating expenses 100.87M 90.94M 66.46M 76.57M 44.80M
Interest expense 41.89M 23.14M 22.24M 15.06M 11.54M
Tax provision 18.94M 22.01M 17.24M 9.95M 10.81M
Interest income 41.89M 23.14M 22.24M 15.06M 11.54M
Net interest income - - - - -
Extraordinary items - - 0.00000M 2.00M 5.02M
Non recurring - - - - -
Other items - - - - -
Income tax expense 18.94M 22.01M 17.24M 9.95M 11.14M
Total revenue 209.34M 183.10M 143.74M 122.13M 91.50M
Total operating expenses 100.87M 90.94M 66.46M 76.57M 44.80M
Cost of revenue 18.67M 14.18M 11.07M 7.34M 3.73M
Total other income expense net 1.75M 4.63M 1.37M 1.63M 0.18M
Discontinued operations - - - - -
Net income from continuing ops - - - - -
Net income applicable to common shares 47.63M 51.63M 39.16M 24.19M 28.36M
Preferred stock and other adjustments - - - - -
Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Total assets 1015.50M 822.17M 628.63M 441.56M 393.32M
Intangible assets 3.52M 4.40M 5.27M 4.71M 5.44M
Earning assets - - - - -
Other current assets 6.44M 3.89M 4.15M 2.55M 0.43M
Total liab 638.37M 453.25M 292.11M 191.71M 153.47M
Total stockholder equity 377.13M 368.92M 336.52M 249.85M 239.85M
Deferred long term liab - - - - -
Other current liab 3.08M 23.78M 26.06M 13.98M -
Common stock 229.98M 238.85M 229.35M 169.47M 163.72M
Capital stock - - - - -
Retained earnings 145.15M 128.28M 104.18M 76.81M 76.11M
Other liab - - - - -
Good will 27.20M 27.20M 27.20M 18.14M 18.14M
Other assets 22.10M 15.76M 11.30M 11.51M 6.68M
Cash 145.87M 122.50M 55.63M 44.47M 16.31M
Cash and equivalents 40.00M - - 0.00000M 20.00M
Total current liabilities 127.31M 60.16M 64.75M 17.79M 16.14M
Current deferred revenue - - 22.59M 12.24M -
Net debt 472.98M 303.33M 207.37M 127.57M -
Short term debt 110.92M 33.12M 36.01M 2.08M 0.93M
Short long term debt - - - - -
Short long term debt total 618.85M 425.83M 263.00M 172.04M -
Other stockholder equity -0.62700M -1.25500M -0.27400M -0.23300M 0.02M
Property plant equipment 4.29M 3.78M 3.55M 3.76M 1.85M
Total current assets 404.52M 342.84M 245.30M 192.86M 173.91M
Long term investments - - - - -
Net tangible assets - - - - -
Short term investments - - - - -
Net receivables 251.70M 216.46M 185.52M 145.84M -
Long term debt 505.85M 391.24M 226.08M 168.42M 132.57M
Inventory 0.51M - - - -
Accounts payable 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 2.00M 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 562.17M 432.21M 336.00M 210.85M -
Deferred long term asset charges - - - - -
Non current assets total 610.98M 479.33M 383.33M 248.70M -
Capital lease obligations - - - - -
Long term debt total 507.93M 392.71M 226.99M 169.96M 132.57M
Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Investments - - - - -
Change to liabilities - - - - -
Total cashflows from investing activities -1.52700M -3.10500M -23.00900M 7.49M 21.00M
Net borrowings - - - - -
Total cash from financing activities 149.09M 136.18M 82.58M 18.65M -3.97000M
Change to operating activities - - - - -
Net income 47.63M 51.63M 39.16M 22.19M 23.34M
Change in cash 23.37M 67.28M 10.75M 9.10M -10.93200M
Begin period cash flow 122.50M 55.22M 44.47M 35.38M 46.31M
End period cash flow 145.87M 122.50M 55.22M 44.47M 35.38M
Total cash from operating activities -124.19400M -65.77900M -48.82500M -17.03800M -27.96200M
Issuance of capital stock - - - - -
Depreciation 2.30M 2.23M 2.28M 1.88M 0.62M
Other cashflows from investing activities -1.20000M -2.31100M -22.14000M 8.26M 21.29M
Dividends paid 27.34M 25.65M 11.80M 16.66M 13.29M
Change to inventory - - - - -
Change to account receivables -172.04400M -128.43700M -93.78600M -56.52100M -63.19600M
Sale purchase of stock -13.47400M 273.02M 225.42M 45.86M -8.07600M
Other cashflows from financing activities 350.92M 272.16M 224.56M 45.21M 24.23M
Change to netincome - - - - -
Capital expenditures 0.33M 0.79M 0.87M 0.77M 0.29M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -199.16000M -164.89200M -114.70000M -80.60400M -68.29000M
Stock based compensation 0.73M 1.74M 1.12M 1.15M 2.42M
Other non cash items 182.50M 8.33M 5.71M 17.40M 15.26M
Free cash flow -0.32700M -0.79400M -0.86900M -0.77100M -28.25600M

Fundamentals

  • Previous Close 0.96
  • Market Cap203.82M
  • Volume300601
  • P/E Ratio5.62
  • Dividend Yield10.47%
  • EBITDA122.97M
  • Revenue TTM215.42M
  • Revenue Per Share TTM1.03
  • Gross Profit TTM 209.34M
  • Diluted EPS TTM0.17

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.		 -0.01 1.04% 0.95 5.62 6.87 1.00 0.58 3.62 7.07
ZIP
Zip Co Limited		 -0.02 1.59% 1.24 - 217.39 1.85 3.48 5.03 13.57
LFG
Liberty Financial Group Pty Ltd		 0.01 0.25% 3.98 6.75 5.55 1.84 0.99 11.31 11.82
LFS
Latitude Financial Services Group Limited		 -0.005 0.43% 1.16 - - 2.99 0.98 6.99 27.09
CCP
Credit Corp Group Ltd		 0.02 0.13% 15.70 22.75 13.91 3.28 1.53 3.51 14.90

Reports Covered

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Profile

Solvar Limited provides automotive and personal finance in Australia and New Zealand. The company offers vehicle loans that include loans for new and used cars, motorbikes, utility vehicles, trailers, tractors, trucks, caravan, boats, horse floats, ride on mowers, equipment, and jet skis, as well as secured and unsecured personal loans. It provides loans through brokers and dealers under the Money3, AFS, and Go Car Finance brand names. The company was formerly known as Money3 Corporation Limited and changed its name to Solvar Limited in November 2022. Solvar Limited 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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