- ASX
Solvar Ltd.
Financial Services AU SVR
1.425AUD
0.01(0.71%)
Last update at 2025-04-03T05:10:00Z
Day Range
52 Week Range
Fundamentals
- Previous Close 1.42
- Market Cap292.69M
- Volume246301
- P/E Ratio14.45
- Dividend Yield8.45%
- EBITDA119.04M
- Revenue TTM212.49M
- Revenue Per Share TTM1.03
- Gross Profit TTM 212.49M
- Diluted EPS TTM0.10
Source: TradingView
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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 | 2.08M | 2.30M | 2.23M | 2.28M | - |
| Ebit | 91.74M | 108.47M | 96.93M | 78.64M | 47.47M |
| Ebitda | 93.82M | 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 | 10.72M | 18.94M | 22.01M | 17.24M | 9.95M |
| Interest income | - | 41.89M | 23.14M | 22.24M | 15.06M |
| Net interest income | -54.81100M | -41.89300M | -23.14200M | -22.24300M | - |
| 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 | 17.04M | 47.63M | 51.63M | 39.16M | - |
| 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 | -0.18500M | -1.52700M | -3.10500M | -23.00900M | - |
| 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 | - | - | 0.99M | 50.08M | - |
| Depreciation | 2.08M | 2.30M | 2.23M | 2.28M | 1.88M |
| Other cashflows from investing activities | 0.01M | -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. |
0.01 0.71% | 1.43 | 14.45 | 7.67 | 1.38 | 0.79 | 3.61 | 8.55 |
| ZIP Zip Co Limited |
-0.105 6.58% | 1.49 | - | 17.61 | 2.35 | 3.23 | 4.69 | 18.98 |
| LFS Latitude Financial Services Group Limited |
- -% | 1.15 | 37.67 | - | 2.46 | 0.98 | 6.71 | 13.83 |
| LFG Liberty Financial Group Pty Ltd |
0.05 1.54% | 3.30 | 9.05 | 6.86 | 1.76 | 0.88 | 0.09 | 0.10 |
| CCP Credit Corp Group Ltd |
-0.37 2.61% | 13.80 | 19.61 | 10.12 | 2.15 | 1.10 | 3.02 | 12.32 |
Reports Covered
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
- 61 3 7031 6035
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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