Solvar Ltd.

  • IPO date:
  • Sector: Financial Services
  • GIC Group: Financial Services
  • Industry: Credit Services
  • Company website

Company description

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.

Financial highlights

Market Capitalization$237.3119 million
P/E Ratio5.06
P/E Growth Ratio
Book Value1.813
Dividend Per Share0.165
Earnings Per Share0.22
EBITDA130,463
Profit Margin0.2275
Operating Margin TTM0.6175
Return on Assets TTM0.0879
Return on Equity TTM0.1277
Revenue TTM209,342

Income statement highlights

All numbers are in thousands

Date Total Revenue Cost of Revenue Gross Profit Total Operating Expenses
2017-06-30 109,638 4,009 105,629
2018-06-30 73,618 2,927 70,691
2019-06-30 91,703 1,916 89,787
2020-06-30 122,134 2,677 122,134 76,568
2021-06-30 143,742 1,896 143,742 66,461
2022-06-30 183,102 1,792 183,102 90,945
2023-06-30 209,342 3,254 206,088 100,868

Balance sheet highlights

All numbers are in thousands

Date Cash Total Assets Total Liabilities Short Term Debt Long Term Debt Common Stock
2017-06-30 16,106 274,701 92,642 0 49,939 125,761
2018-06-30 36,307 326,706 107,527 0 97,825 153,969
2019-06-30 16,308 393,322 153,468 932 132,570 163,722
2020-06-30 44,474 441,561 191,709 2,085 168,422 169,472
2021-06-30 55,629 628,632 292,113 36,010 226,083 229,349
2022-06-30 122,499 822,170 453,252 33,120 391,240 238,848
2023-06-30 145,867 1,015,496 638,369 110,919 505,848 229,981

Cash flow highlights

All numbers are in thousands

Date Net Income Total Cash Change in Cash Begin period cash End period cash Dividends
2017-06-30 -29,738 -6,077 6,930
2018-06-30 -4,579 25,202 9,499
2019-06-30 -27,962 -10,932 13,291
2020-06-30 -17,038 9,098 35,376 44,474 16,665
2021-06-30 -48,825 10,746 44,474 55,220 11,799
2022-06-30 -65,779 67,279 55,220 122,499 25,653
2023-06-30 -124,194 23,368 122,499 145,867 27,343