SOLVAR LIMITED (SVR)
Share Price Analysis and Chart

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SVR - SOLVAR LIMITED

FNArena Sector : Business & Consumer Credit
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 6.75
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.265

01 Nov
2024

-0.055

OPEN

$1.29

-4.17%

HIGH

$1.29

149,531

LOW

$1.27

TARGET
$1.34 5.9% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
SVR: 1
Title FY23
Actual
FY24
Actual
FY25
Forecast
FY26
Forecast
EPS (cps) xxx 8.1 17.6 xxx
DPS (cps) xxx N/A 11.4 xxx
EPS Growth xxx - 63.9% 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 7.2 xxx
Dividend Yield xxx N/A 9.0% xxx
Div Pay Ratio(%) xxx N/A 64.5% xxx

Dividend yield today if purchased 3 years ago: 3.06%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

7.91

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 03/09 - ex-div 5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx8.1
DPS All xxxxxxxxxxxxxxx10.0
Sales/Revenue xxxxxxxxxxxxxxx216.0 M
Book Value Per Share xxxxxxxxxxxxxxx175.5
Net Operating Cash Flow xxxxxxxxxxxxxxx19.8 M
Net Profit Margin xxxxxxxxxxxxxxx7.89 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx4.59 %
Return on Invested Capital xxxxxxxxxxxxxxx2.09 %
Return on Assets xxxxxxxxxxxxxxx1.67 %
Return on Equity xxxxxxxxxxxxxxx4.59 %
Return on Total Capital xxxxxxxxxxxxxxx9.20 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-6.6 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx254 M
Long Term Debt xxxxxxxxxxxxxxx379 M
Total Debt xxxxxxxxxxxxxxx633 M
Goodwill - Gross xxxxxxxxxxxxxxx19 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx153 M
Price To Book Value xxxxxxxxxxxxxxx0.65

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx0.2 M
Capex % of Sales xxxxxxxxxxxxxxx0.09 %
Cost of Goods Sold xxxxxxxxxxxxxxx21 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx103 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

21/08/2024

3

Hold

$1.30

2.77%

Solvar's FY24 result was broadly in line (with revenue falling a tad shy of consensus forecasts) and Bell Potter believes earnings have hit a low, expecting a recovery in FY25.

A $13m add-back of goodwill and legal expenses helped normalised net profit after tax into the top end of guidance, albeit still down on FY23, observes the broker.

The broker expects the NZ book will continue to drag as it runs down (closes) but this should release about $65m in capital, observes the broker, suggesting this will be redeployed into the Australian business.

EPS forecasts rise 5.6% in FY25; and 11.2% in FY26. Rating is upgraded to Buy from Hold. Target price rises to $1.30 from 91c.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 11.70 cents and EPS of 15.20 cents.
Bell Potter forecasts a full year FY26 dividend of 14.70 cents and EPS of 18.10 cents.

EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

06/08/2024

1

Buy

$1.50

18.58%

Solvar announced it has resolved to exit the New Zealand market and refocus its strategy on the Australian consumer lending and commercial markets, where it believes it can achieve higher returns on capital.

Canaccord Genuity agrees there is scope to redeploy capital into the Australian commercial lending market in particular but perceives management taking a measured approach to growing both the consumer and commercial books while also being front-footed on capital management initiatives.

Management has slightly lifted the FY24 guidance range and the company expects to declare a 5cps final dividend, in line with the broker.

Target falls to $1.50 from $1.55, Buy retained.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 11.00 cents and EPS of 15.00 cents.

SVR STOCK CHART