SOLVAR LIMITED (SVR)
Share Price Analysis and Chart

29/06/2026

2

Accumulate

$1.65

7.84%

Morgans highlights Solvar continues to move further into commercial lending and has experienced a pick-up in book growth momentum and Australian originations. Bennji volumes are now beginning to contribute more substantially to earnings.

Recent interest rate rises as well as higher operating costs due to Bennji originations and the divestment of NZ arrears have resulted in an FY26 earnings uplift from provisions which will not be repeated post the current fiscal year, the broker states.

Morgans downgrades FY27 EPS and DPS for the changes with an accompanying lowering of the share price target to $1.65 from $2.00.

There is no change in the Accumulate rating.

FORECAST
Morgans forecasts a full year FY26 dividend of 17.00 cents and EPS of 18.00 cents.
Morgans forecasts a full year FY27 dividend of 12.00 cents and EPS of 16.00 cents.

06/07/2026

1

Buy

$1.80

17.65%

Canaccord Genuity maintains a Buy rating for Solvar with its target price decreased to $1.80 following earnings forecast revisions despite positive underlying loan volume momentum.

Robust commercial conditions in the Australian automotive and consumer finance segments support accelerating origination growth, further aided by the sequential scaling of the Bennji commercial lending arm.

The analyst expects annualised asset book growth to expand into double-digit percentages during FY27, which unwinds headwinds seen from changing cash rates and past geographical structural exits.

Revisions to the near-term outlook reflect higher credit collection costs, bad debt expenses, and interest cost pressures, matching wider consensus numbers.

The investment thesis centers on undemanding valuation multiples alongside an active share buyback program and a robust dividend distribution layout.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 19.00 cents and EPS of 17.00 cents.
Canaccord Genuity forecasts a full year FY27 EPS of 16.40 cents.