{"product_id":"supv-vrio-analysis","title":"Grupo Supervielle S.A. (SUPV): VRIO Analysis [Mar-2026 Updated]","description":"\u003cbr\u003e\u003cp\u003eWhat truly sets Grupo Supervielle S.A. (SUPV) apart in the marketplace? This VRIO analysis cuts straight to the core, dissecting its key resources against the crucial tests of Value, Rarity, Inimitability, and Organization to pinpoint its sources of sustainable competitive advantage. Dive in now to see the distilled findings on whether Grupo Supervielle S.A. (SUPV) is built for long-term market dominance.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eGrupo Supervielle S.A. (SUPV) - VRIO Analysis: Digital Ecosystem and SuperApp Scaling\n\u003c\/h2\u003e\n\u003cp\u003eYou’re looking at how Grupo Supervielle S.A.’s digital push translates into a durable advantage in Argentina’s tough market. The short take is this: the digital ecosystem is creating immediate value by deepening relationships, but the competitive lead is likely temporary given the speed of local fintech evolution.\u003c\/p\u003e\n\n\u003ch3\u003eDigital Ecosystem and SuperApp Scaling\u003c\/h3\u003e\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e The SuperApp strategy is working to drive cross-selling across banking, insurance, and asset management, which is crucial for generating recurring, less volatile fee income. For example, as of Q3 2025, over \u003cstrong\u003e4,700\u003c\/strong\u003e IOL clients placed US$-denominated time deposits at the bank, with nearly a third of those for terms beyond \u003cstrong\u003e180\u003c\/strong\u003e days, directly linking the brokerage to the bank’s balance sheet. Also, the launch of Tienda Supervielle on Mercado Libre in April 2025 made them the first bank with an official store on that platform, expanding reach outside traditional channels. Net fee income in Q3 2025 still managed a \u003cstrong\u003e7%\u003c\/strong\u003e sequential increase. That’s real utility.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e It’s moderately rare right now. While most banks have apps, a fully integrated ecosystem that includes a major e-commerce partnership like the one with Mercado Libre is less common among mid-tier Argentine banks as of late 2025. Their subsidiary, Invertironline (IOL), continued to gain traction, increasing its active client base by \u003cstrong\u003e4%\u003c\/strong\u003e Quarter-over-Quarter in Q3 2025.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e The core technology is definitely imitable; competitors can code similar features. What takes time and capital is replicating the established user base and the deep integration achieved, like the seamless link between IOL investment activity and bank deposits. Still, in this market, imitation speed is high.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e Management seems well-organized to capitalize on this. They confirmed continued investment in scaling the SuperApp and pointed to record results from IOL in October 2025. Despite the Q3 2025 net loss of ARS 50,273.7 million, the focus on digital growth seems maintained.\u003c\/p\u003e\n\u003cp\u003eThe digital lead is valuable now, but competitors are catching up fast in this market.\u003c\/p\u003e\n\n\u003cp\u003eHere’s the quick math on the VRIO assessment:\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003ctd\u003eVRIO Dimension\u003c\/td\u003e\n\u003ctd\u003eAssessment\u003c\/td\u003e\n\u003ctd\u003eImplication\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eValue (V)\u003c\/td\u003e\n\u003ctd\u003eYes\u003c\/td\u003e\n\u003ctd\u003eDrives cross-selling and fee income growth.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRarity (R)\u003c\/td\u003e\n\u003ctd\u003eModerate\u003c\/td\u003e\n\u003ctd\u003eUnique integration with Mercado Libre is not widespread yet.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImitability (I)\u003c\/td\u003e\n\u003ctd\u003eCostly\/Time-consuming\u003c\/td\u003e\n\u003ctd\u003eReplicating the established user base and integration takes effort.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOrganization (O)\u003c\/td\u003e\n\u003ctd\u003eYes\u003c\/td\u003e\n\u003ctd\u003eResources are organized to exploit the platform.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCompetitive Advantage\u003c\/td\u003e\n\u003ctd\u003eTemporary\u003c\/td\u003e\n\u003ctd\u003eThe market is too dynamic for this lead to be sustained long-term.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\n\u003cp\u003eThe strategic focus should be on accelerating the monetization of this user base before parity is reached.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eFocus on increasing the \u003cstrong\u003e56%\u003c\/strong\u003e of IOL clients who are not yet banking with Banco Supervielle.\u003c\/li\u003e\n\u003cli\u003eTranslate Mercado Libre traffic into high-margin banking products.\u003c\/li\u003e\n\u003cli\u003eContinue to build out AI-driven personalization within the SuperApp.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eFinance: draft 13-week cash view by Friday.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eGrupo Supervielle S.A. (SUPV) - VRIO Analysis: USD Deposit Franchise Strength\n\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eValue\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eDollar deposits are the ultimate store of value in Argentina, providing stable, low-cost funding, which is crucial when peso liquidity is tight.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRarity\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eWhile peers have USD deposits, SUPV’s growth is notable. Foreign currency deposits totaled \u003cstrong\u003eUS$1.2 billion\u003c\/strong\u003e as of September 30, 2025, increasing \u003cstrong\u003e30.9% QoQ\u003c\/strong\u003e and \u003cstrong\u003e55.8% YoY\u003c\/strong\u003e. Dollar deposits reached a record high, increasing by \u003cstrong\u003e31% sequentially\u003c\/strong\u003e.\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003ctd\u003eMetric\u003c\/td\u003e\n\u003ctd\u003eGrupo Supervielle (SUPV) 3Q25\u003c\/td\u003e\n\u003ctd\u003eIndustry (FX Deposits) 3Q25\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eQoQ Growth\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e30.9%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e10.1%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eYoY Growth\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e55.8%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e8.1%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003eFX deposits represented \u003cstrong\u003e34%\u003c\/strong\u003e of total deposits at quarter-end. SUPV gained \u003cstrong\u003e110 basis points\u003c\/strong\u003e in market share over the past year in U.S. dollar-denominated deposits.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eImitability\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eCompetitors can attract USD deposits, but building this level of customer trust during volatility is hard to copy quickly.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThe bank is clearly organized to exploit this, as evidenced by the strong deposit growth outpacing the system. Total Deposits increased \u003cstrong\u003e14.9% QoQ\u003c\/strong\u003e and \u003cstrong\u003e39.6% YoY in real terms\u003c\/strong\u003e as of September 30, 2025. This strong performance reflects the successful execution of the remunerated account strategy introduced during the previous quarter.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eTotal Deposits (Real Terms) 3Q25: \u003cstrong\u003eAR$5,059.8 billion\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eTotal Private Sector Deposits (Real Terms) 3Q25: \u003cstrong\u003eAR$4,897.8 billion\u003c\/strong\u003e, increasing \u003cstrong\u003e41.9% YoY\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eAR$ Deposits (Real Terms) 3Q25: \u003cstrong\u003eAR$3,354.5 billion\u003c\/strong\u003e, increasing \u003cstrong\u003e29.0% YoY\u003c\/strong\u003e.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eSustained. Trust in a dollar-denominated franchise in this market is a long-term moat.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eGrupo Supervielle S.A. (SUPV) - VRIO Analysis: Retail Loan Portfolio Rebalancing\n\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e Shifting the loan book toward retail credit, which accounted for \u003cstrong\u003e52%\u003c\/strong\u003e of loans as of Q1 2025, offers higher potential spreads compared to commercial lending, improving Net Interest Margin (NIM). The loan portfolio NIM was \u003cstrong\u003e21.2%\u003c\/strong\u003e in Q1 2025. The sequential NIM for the loan portfolio improved to \u003cstrong\u003e22.8%\u003c\/strong\u003e in Q2 2025 from \u003cstrong\u003e21.6%\u003c\/strong\u003e in Q1 2025.\u003c\/p\u003e\n\u003cp\u003eThe strategic shift is quantified by recent portfolio composition and margin performance:\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003ePeriod\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eRetail Loans as % of Total Loans\u003c\/td\u003e\n\u003ctd\u003eQ1 2025\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e52%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLoan Portfolio NIM\u003c\/td\u003e\n\u003ctd\u003eQ1 2025\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e21.2%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLoan Portfolio NIM\u003c\/td\u003e\n\u003ctd\u003eQ2 2025\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e22.8%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal NIM\u003c\/td\u003e\n\u003ctd\u003eQ3 2025\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e10.8%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal Loans (Real Terms YoY Growth)\u003c\/td\u003e\n\u003ctd\u003eQ1 2025\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e104.2%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e This strategic pivot away from commercial risk to retail is a distinct strategic choice. Retail loan volumes increased \u003cstrong\u003e12.8%\u003c\/strong\u003e quarter-over-quarter in Q1 2025 in real terms. However, retail loan growth moderated during Q2 2025 as more stringent underwriting criteria were applied. Retail loan growth declined slightly in Q3 2025 due to tightened origination standards.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e The strategy is known, but executing the underwriting and managing the resulting asset quality is the hard part. The total Non-Performing Loan (NPL) ratio rose to \u003cstrong\u003e3.9%\u003c\/strong\u003e in Q3 2025, up from \u003cstrong\u003e2.0%\u003c\/strong\u003e in Q1 2025. This evolution followed the strong expansion in retail lending since March 2024, which typically carries higher NPL ratios than corporate loans.\u003c\/p\u003e\n\u003cp\u003eKey Asset Quality Indicators:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eTotal NPL Ratio as of Q1 2025: \u003cstrong\u003e2.0%\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eTotal NPL Ratio as of Q3 2025: \u003cstrong\u003e3.9%\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eNPL Ratio as of Q3 2024: \u003cstrong\u003e0.8%\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eLoan Loss Provisions (LLPs) in Q3 2025: AR$\u003cstrong\u003e58.3 billion\u003c\/strong\u003e.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e The organization is executing this shift, evidenced by the retail loan share reaching \u003cstrong\u003e52%\u003c\/strong\u003e of the portfolio in Q1 2025. They are managing the associated credit risk carefully, as indicated by the moderation in retail loan growth in Q2 2025 and Q3 2025 due to tighter underwriting. The Common Equity Tier 1 (CET1) Ratio was \u003cstrong\u003e13.2%\u003c\/strong\u003e as of September 30, 2025, rising to \u003cstrong\u003e14.5%\u003c\/strong\u003e in October 2025.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Temporary. It’s a strategic bet that pays off if credit quality holds; if not, the higher risk becomes a liability. The NPL ratio guidance for the full year 2025 was widened to \u003cstrong\u003e4.7%-5.1%\u003c\/strong\u003e in Q3 2025 outlook.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eGrupo Supervielle S.A. (SUPV) - VRIO Analysis: Strong Capital Adequacy (CET1 Ratio)\n\u003c\/h2\u003e\n\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e A robust capital buffer provides regulatory headroom and confidence to lend even when earnings are pressured, like the net loss reported in Q3 2025 of \u003cstrong\u003eARS 50.3 Billion\u003c\/strong\u003e.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e Moderately rare. The Common Equity Tier 1 (CET1) Ratio improved to \u003cstrong\u003e14.5%\u003c\/strong\u003e in October 2025, which is a strong position for the operating environment, up from \u003cstrong\u003e13.2%\u003c\/strong\u003e as of September 30, 2025.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e Medium. Building capital takes time and retained earnings, which is difficult when profitability is low, as evidenced by the \u003cstrong\u003eARS 50.3 Billion\u003c\/strong\u003e attributable Net Loss in 3Q25.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e Management is focused on this, using lower deferred asset tax deductions to support the ratio.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003ePersonnel and administrative expenses reduced by \u003cstrong\u003e12%\u003c\/strong\u003e year-to-date in real terms.\u003c\/li\u003e\n\u003cli\u003eEfficiency ratio was \u003cstrong\u003e95.8%\u003c\/strong\u003e in 3Q25.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Sustained. Capital strength is a fundamental barrier to entry and a key differentiator in stressed markets.\u003c\/p\u003e\n\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003ctd\u003eMetric\u003c\/td\u003e\n\u003ctd\u003eAs of September 30, 2025\u003c\/td\u003e\n\u003ctd\u003eAs of June 30, 2025\u003c\/td\u003e\n\u003ctd\u003eAs of March 31, 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eCET1 Ratio\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e13.2%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e13.9%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e15.3%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNon-Performing Loan (NPL) Ratio\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e3.9%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e2.7%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e2.0%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCoverage Ratio\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e112.2%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e129.7%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e152.7%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet Interest Margin (NIM)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e10.8%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e20.8%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eN\/A\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\n\u003cbr\u003e\u003ch2\u003eGrupo Supervielle S.A. (SUPV) - VRIO Analysis: Integrated Financial Services Model\n\u003c\/h2\u003e\n\n\u003ch3\u003eValue\u003c\/h3\u003e\n\u003cp\u003eDiversification across banking, consumer finance, insurance, and asset management creates multiple revenue streams, helping to smooth out the cyclical nature of pure lending. As of December 31, 2024, Total Assets reached AR$4,530.7 billion. The loan portfolio demonstrated significant growth, increasing 106% year-over-year in the fourth quarter of 2024. Retail lending accounted for 48% of total loans in 4Q24. The Company's structure includes distinct segments contributing to this integrated model.\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eBusiness Segment\u003c\/th\u003e\n\u003cth\u003e2023 Sales (AR$ Billion)\u003c\/th\u003e\n\u003cth\u003e2024 Sales (AR$ Billion)\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003ePersonal and Business Banking\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e27.15B\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e20.42B\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCorporate Banking\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e6.7B\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e3.22B\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTreasury\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e15.02B\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e11.97B\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eInsurance\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e1.85B\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e1.44B\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAsset Management \u0026amp; Others Segment\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e2.69B\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e1.74B\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eIUDÚ Digital Financial Services\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e3.81B\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e2.82B\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\n\u003ch3\u003eRarity\u003c\/h3\u003e\n\u003cp\u003eModerately rare. Many Argentine players focus on one or two areas; SUPV offers a full suite of services. The Company's origins date back to 1887. As of March 31, 2020, Supervielle had 316 access points nationwide. The offering includes retail and corporate banking, treasury, consumer finance, insurance, and asset management.\u003c\/p\u003e\n\n\u003ch3\u003eImitability\u003c\/h3\u003e\n\u003cp\u003eHigh. Building out a full-stack financial group requires significant regulatory approval and capital across multiple verticals. The complexity involves managing diverse regulatory frameworks for banking and insurance operations simultaneously. The Company reported a CET1 ratio of 16.1% as of December 31, 2024, indicating a strong capital base.\u003c\/p\u003e\n\n\u003ch3\u003eOrganization\u003c\/h3\u003e\n\u003cp\u003eThe structure is in place, with clear segments reported, showing they can manage the complexity. The Company operates through segments including Personal \u0026amp; Business Banking, Corporate Banking, Treasury, Insurance, and Asset Management and Other Services.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eFY24 Net Income reached AR$125.2 billion.\u003c\/li\u003e\n\u003cli\u003eFY24 Return on Average Equity (ROAE) was 15.7%, meeting the full-year guidance of 15%.\u003c\/li\u003e\n\u003cli\u003eAs of September 30, 2025, Total Assets stood at AR$7,458.1 billion.\u003c\/li\u003e\n\u003cli\u003eTotal Deposits in real terms increased 39.6% YoY as of September 30, 2025.\u003c\/li\u003e\n\u003cli\u003eThe Loans to Deposits Ratio was 67.3% as of September 30, 2025.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003ch3\u003eCompetitive Advantage\u003c\/h3\u003e\n\u003cp\u003eSustained. This diversification offers resilience that single-product firms lack. For instance, while Net Financial Income saw a 41.0% decrease YoY in 3Q25, Net Service Fee Income increased 7.1% sequentially, demonstrating the mitigating effect of non-lending revenue streams.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eGrupo Supervielle S.A. (SUPV) - VRIO Analysis: Nationwide Argentine Footprint and Brand\n\u003c\/h2\u003e\n\u003cp\u003e\nValue: A physical presence across the country supports deposit gathering and loan origination, especially for clients who prefer in-person service or for SME banking.\n\u003c\/p\u003e\n\u003cp\u003e\nThe physical network supports a client base of \u003cstrong\u003e2 million\u003c\/strong\u003e active clients.\n\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003cth\u003eContext\/Date\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eBank Branches (Physical \u0026amp; Virtual)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e130\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eAs of 2024\/2025 filing\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eActive Clients\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e2 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eAs of 2024\/2025 filing\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eYears of Experience in Argentina\u003c\/td\u003e\n\u003ctd\u003eOver \u003cstrong\u003e130 years\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003ctd\u003eCorporate Profile\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e2025 Deposit Growth Target (Forecast)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e30% to 35%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eRemainder of 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003e\nRarity: Not rare, but the specific brand recognition and branch network density within the mid-tier segment is a distinct asset.\n\u003c\/p\u003e\n\u003cp\u003e\nThe brand's longevity and specific regional concentration represent a degree of rarity.\n\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eThe distribution network comprises physical branches primarily located in the Autonomous City of Buenos Aires, Greater Buenos Aires, and the Argentine provinces of Mendoza and San Luis.\u003c\/li\u003e\n\u003cli\u003eThe brand has achieved recognition through communication campaigns, such as winning an Eikon Award in 2022 for the 'Finances without filters' influencer campaign.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\nImitability: High. Establishing a physical footprint and associated brand trust takes decades of investment.\n\u003c\/p\u003e\n\u003cp\u003e\nThe time required to replicate this scale of physical presence and trust is substantial.\n\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eThe company possesses more than \u003cstrong\u003e130 years\u003c\/strong\u003e of experience operating in Argentina.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\nOrganization: The bank has a nationwide presence, which supports its deposit growth targets of \u003cstrong\u003e30% to 35%\u003c\/strong\u003e for the full year 2025.\n\u003c\/p\u003e\n\u003cp\u003e\nThe existing infrastructure is leveraged to meet forward-looking financial objectives.\n\u003c\/p\u003e\n\u003cp\u003e\nCompetitive Advantage: Sustained. Physical presence and brand equity are slow-moving, hard-to-replicate assets.\n\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eGrupo Supervielle S.A. (SUPV) - VRIO Analysis: Innovative Deposit Product Offering\n\u003c\/h2\u003e\n\u003ch3\u003eInnovative Deposit Product Offering\u003c\/h3\u003e\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e The Remunerated Account, offering daily interest on both payroll and SME accounts in pesos and USD, directly attacks customer acquisition and deposit stickiness.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e Rare. Supervielle is the \u003cstrong\u003eonly bank in Argentina offering daily interest on both Payroll and SME accounts, in pesos and U.S. dollars\u003c\/strong\u003e as of its launch in April 2025.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e Temporary. Competitors will likely copy the feature once they see its success, but it provides a current lead.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e The organization successfully launched this product in \u003cstrong\u003eApril 2025\u003c\/strong\u003e, showing agility in product development.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Temporary. It’s a first-mover advantage that will erode as rivals respond.\u003c\/p\u003e\n\u003cp\u003eThe impact of the strategy, including the remunerated account, is reflected in the following deposit metrics:\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003ePeriod End Date\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003cth\u003eComparison\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eForeign Currency Deposits\u003c\/td\u003e\n\u003ctd\u003eSeptember 30, 2025 (3Q25)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003eUS$1.2 billion\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eIncreased \u003cstrong\u003e30.9%\u003c\/strong\u003e QoQ and \u003cstrong\u003e55.8%\u003c\/strong\u003e YoY.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFX Deposits as % of Total Deposits\u003c\/td\u003e\n\u003ctd\u003eSeptember 30, 2025 (3Q25)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e34%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eUp from \u003cstrong\u003e24%\u003c\/strong\u003e as of March 31, 2025 (1Q25).\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal Deposits (Real Terms)\u003c\/td\u003e\n\u003ctd\u003eSeptember 30, 2025 (3Q25)\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003eAR$5,059.8 billion\u003c\/strong\u003e (Nominal)\u003c\/td\u003e\n\u003ctd\u003eIncreased \u003cstrong\u003e14.9%\u003c\/strong\u003e QoQ and \u003cstrong\u003e39.6%\u003c\/strong\u003e YoY in real terms.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eU.S. Dollar Deposits Growth\u003c\/td\u003e\n\u003ctd\u003eJune 30, 2025 (2Q25)\u003c\/td\u003e\n\u003ctd\u003eN\/A\u003c\/td\u003e\n\u003ctd\u003eUp \u003cstrong\u003e16%\u003c\/strong\u003e from previous quarter and \u003cstrong\u003e154%\u003c\/strong\u003e YoY.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLoans to Deposits Ratio\u003c\/td\u003e\n\u003ctd\u003eJune 30, 2025 (2Q25)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e71.7%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eUp from \u003cstrong\u003e66.5%\u003c\/strong\u003e as of March 31, 2025 (1Q25).\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003eThe product offering is part of a broader strategic acceleration:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eThe launch of the Remunerated Account occurred in \u003cstrong\u003eApril 2025\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eThe Q3 2025 YoY deposit growth was \u003cstrong\u003e40%\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eThe bank forecasts \u003cstrong\u003e30-35%\u003c\/strong\u003e real deposit growth for the remainder of 2025.\u003c\/li\u003e\n\u003cli\u003eThe Q2 2025 total deposit base increased \u003cstrong\u003e6%\u003c\/strong\u003e quarter-over-quarter and \u003cstrong\u003e42%\u003c\/strong\u003e year-over-year in real terms.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cbr\u003e\u003ch2\u003eGrupo Supervielle S.A. (SUPV) - VRIO Analysis: Cost Control and Efficiency Focus\n\u003c\/h2\u003e\n\u003cp\u003e\n\u003ch\u003eValue\u003c\/h\u003e\n\u003c\/p\u003e\n\u003cp\u003e\nAggressive cost management offsets margin compression from regulatory pressures, as seen by operating expenses declining \u003cstrong\u003e12%\u003c\/strong\u003e year-to-date in real terms through Q3 2025. Personnel, administrative expenses, and Depreciation \u0026amp; Amortization (D\u0026amp;A) decreased \u003cstrong\u003e8.6%\u003c\/strong\u003e year-over-year for the nine-month period ended September 30, 2025. This discipline is critical as the Net Interest Margin (NIM) compressed to \u003cstrong\u003e10.8%\u003c\/strong\u003e in Q3 2025, a decline of \u003cstrong\u003e1,000 basis points\u003c\/strong\u003e.\n\u003c\/p\u003e\n\u003cp\u003e\n\u003ch\u003eRarity\u003c\/h\u003e\n\u003c\/p\u003e\n\u003cp\u003e\nModerately rare. While cost containment is a common theme, achieving a \u003cstrong\u003e12%\u003c\/strong\u003e real decline in operating expenses year-to-date while simultaneously investing in digital platforms presents a significant, though not unique, operational feat in the current macroeconomic climate.\n\u003c\/p\u003e\n\u003cp\u003e\n\u003ch\u003eImitability\u003c\/h\u003e\n\u003c\/p\u003e\n\u003cp\u003e\nMedium. Process improvements and automation initiatives can be copied by competitors. However, the demonstrated cultural commitment to expense management, leading to the \u003cstrong\u003e12%\u003c\/strong\u003e year-to-date real reduction, is harder to replicate quickly.\n\u003c\/p\u003e\n\u003cp\u003e\n\u003ch\u003eOrganization\u003c\/h\u003e\n\u003c\/p\u003e\n\u003cp\u003e\nThe results show strong organizational discipline in expense management, which is critical when NIM is squeezed. The Efficiency Ratio deteriorated to \u003cstrong\u003e95.8%\u003c\/strong\u003e in Q3 2025 from \u003cstrong\u003e64.1%\u003c\/strong\u003e in Q3 2024, reflecting the severe impact of margin compression on the revenue side, yet the underlying cost base showed resilience. The organization has a stated forward guidance to achieve operating expense reductions in real terms between \u003cstrong\u003e8% to 10%\u003c\/strong\u003e for the full year 2025.\n\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eQ3 2025 Value\u003c\/th\u003e\n\u003cth\u003eChange (YoY 9M25)\u003c\/th\u003e\n\u003cth\u003eContext\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eOperating Expenses (Real Terms)\u003c\/td\u003e\n\u003ctd\u003eN\/A\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e-8.6%\u003c\/strong\u003e (Personnel, Admin, D\u0026amp;A)\u003c\/td\u003e\n\u003ctd\u003eYoY decrease in Non-Interest Expenses for 9M25.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOperating Expenses (Real Terms)\u003c\/td\u003e\n\u003ctd\u003eN\/A\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e-12%\u003c\/strong\u003e (YTD)\u003c\/td\u003e\n\u003ctd\u003eConfirmed cost reduction through Q3 2025.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEfficiency Ratio\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e95.8%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eFrom \u003cstrong\u003e64.1%\u003c\/strong\u003e (Q3 2024)\u003c\/td\u003e\n\u003ctd\u003eDeterioration driven by revenue pressure.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet Interest Margin (NIM)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e10.8%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eDown \u003cstrong\u003e1,000 bps\u003c\/strong\u003e (QoQ implied)\u003c\/td\u003e\n\u003ctd\u003eReflects margin compression.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eProjected OpEx Decline (FY 2025 Real)\u003c\/td\u003e\n\u003ctd\u003eN\/A\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e-8% to -10%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eManagement forward guidance.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003e\nThe company's ability to manage its cost structure is further evidenced by the following operational highlights during the challenging period:\n\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003ePersonnel, administrative expenses, and D\u0026amp;A decreased by \u003cstrong\u003e8.6%\u003c\/strong\u003e year-over-year in the nine-month period ended September 30, 2025.\u003c\/li\u003e\n\u003cli\u003eThe company reported a \u003cstrong\u003e2%\u003c\/strong\u003e quarter-over-quarter reduction in costs for Q3 2025.\u003c\/li\u003e\n\u003cli\u003eThe successful cost control partially mitigated the impact of a \u003cstrong\u003e43.1%\u003c\/strong\u003e sequential decline in Net Financial Income in Q3 2025.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\n\u003ch\u003eCompetitive Advantage\u003c\/h\u003e\n\u003c\/p\u003e\n\u003cp\u003e\nTemporary. While the \u003cstrong\u003e12%\u003c\/strong\u003e year-to-date real cost reduction is notable, efficiency gains from process improvements and automation eventually plateau. Competitors can implement similar structural cost-cutting projects, eroding this advantage over time, especially as the NIM pressure remains a systemic industry factor.\n\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eGrupo Supervielle S.A. (SUPV) - VRIO Analysis: Experience with Hyperinflation Accounting (IAS 29)\n\u003c\/h2\u003e\n\n\u003cp\u003eThe application of IAS 29 has been a mandatory feature of Grupo Supervielle S.A.'s financial reporting since the \u003cstrong\u003efirst quarter of 2020\u003c\/strong\u003e.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e Decades of experience applying IAS 29 means their financial reporting is reliable and understood by sophisticated investors, reducing perceived risk from Argentina’s macro situation. The continuous reporting under IAS 29 allows for the presentation of figures in homogeneous currency, such as the \u003cstrong\u003eAR$3,709.7 billion\u003c\/strong\u003e in Total Deposits reported as of March 31, 2025, which reflected a \u003cstrong\u003e34.0%\u003c\/strong\u003e increase YoY in \u003cstrong\u003ereal terms\u003c\/strong\u003e.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e Rare. Few international banks have this sustained, mandatory experience in applying IAS 29 correctly since \u003cstrong\u003e1Q20\u003c\/strong\u003e. This deep history contrasts with peers who may have less consistent application or shorter mandatory periods.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e Very high. This is institutional knowledge built over years of regulatory compliance, not a replicable process. The expertise is embedded in the finance function's processes for restatement and disclosure, as evidenced by filings like the \u003cstrong\u003e2024 Form 20-F\u003c\/strong\u003e which includes IAS 29 adjustments.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e The company has been reporting this way for years, showing deep, embedded expertise in their finance function. This is demonstrated by the consistent presentation of key metrics adjusted for inflation, such as the \u003cstrong\u003eLoans to Deposits Ratio\u003c\/strong\u003e, which stood at \u003cstrong\u003e66.5%\u003c\/strong\u003e as of March 31, 2025.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Sustained. This is a historical, tacit knowledge advantage that new entrants or less experienced peers simply cannot match. The ability to manage and communicate performance amid hyperinflation is a core competency.\u003c\/p\u003e\n\n\u003cp\u003eThe company's focus remains on navigating the macro environment through digital agility and capital strength. Latest reported real deposit growth figures illustrate this navigation:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eTotal Deposits increased \u003cstrong\u003e7.7% QoQ\u003c\/strong\u003e in real terms as of March 31, 2025.\u003c\/li\u003e\n\u003cli\u003eTotal Deposits increased \u003cstrong\u003e39.6% YoY\u003c\/strong\u003e in real terms as of September 30, 2025, reaching \u003cstrong\u003eAR$5,059.8 billion\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eForeign currency deposits amounted to \u003cstrong\u003eUS$825.4 million\u003c\/strong\u003e as of March 31, 2025.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003eThe internal finance directive regarding the 13-week cash flow view incorporating Q4 2025 deposit projections is noted. For context on recent balance sheet strength:\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003ctd\u003eMetric (As of Date)\u003c\/td\u003e\n\u003ctd\u003eValue (AR$ Billions)\u003c\/td\u003e\n\u003ctd\u003eContext\/Term\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal Assets (Mar 31, 2025)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e5,365.3\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eNominal Value\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal Assets (Sep 30, 2025)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e7,458.1\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eNominal Value, +\u003cstrong\u003e16.6%\u003c\/strong\u003e QoQ\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCET1 Ratio (Mar 31, 2025)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e15.3%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eCapital Ratio\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCET1 Ratio (Sep 30, 2025)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e13.2%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eCapital Ratio\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e","brand":"dcf.fm","offers":[{"title":"Default Title","offer_id":45516259131541,"sku":"supv-vrio-analysis","price":7.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/5189\/0837\/files\/supv-vrio-analysis.png?v=1740179774","url":"https:\/\/dcf-analysis.com\/products\/supv-vrio-analysis","provider":"AI-Powered Discounted Cash Flow Model Templates","version":"1.0","type":"link"}