MyState
MyState Limited, through its subsidiaries, provides a range of financial products and services in Australia. The last earnings update was 149 days ago. More info.
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MYS Share Price and Events
7 Day Returns
1 Year Returns
MYS Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| MyState (MYS) | 0.7% | 3.6% | 7.7% | -2.5% | 12.9% | -3.7% |
| AU Mortgage | 0.1% | 4.2% | 19.5% | 4.7% | -0.1% | -28.1% |
| AU Market | 0% | 0.9% | 6.8% | 4.8% | 20.1% | 12.2% |
1 Year Return vs Industry and Market
- MYS underperformed the Mortgage industry which returned 4.7% over the past year.
- MYS underperformed the Market in Australia which returned 4.8% over the past year.
MYS Value
Is MyState undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
MyState
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for MyState.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity = A$3.48 * 9.8% |
A$0.34 |
| Book Value of Equity per Share | Median Book Value from the past 5 years. | A$3.48 |
| Discount Rate (Cost of Equity) | See below | 14.2% |
| Perpetual Growth Rate | 10-Year AU Government Bond Rate | 2.3% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year AU Govt Bond Rate | 2.3% |
| Equity Risk Premium | S&P Global | 6% |
| Mortgage Unlevered Beta | Simply Wall St/ S&P Global | 0.86 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.858 (1 + (1- 30%) (284.35%)) |
2.048 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
2 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (2 * 5.96%) |
14.23% |
Discounted Cash Flow Calculation for ASX:MYS using Excess Returns Model Model
The calculations below outline how an intrinsic value for MyState is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (9.8% – 14.23%) * A$3.48) |
A$-0.15 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= A$-0.15 / (14.23% - 2.31%) |
A$-1.30 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= A$3.48 + A$-1.30 |
A$2.18 |
| Calculation | Result | |
|---|---|---|
| Value per share (AUD) | From above. | A$2.18 |
| Current discount | Discount to share price of
A$4.63
= -1 x (A$4.63 - A$2.18) / A$2.18 |
-112.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of MyState is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for MyState's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
MyState's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in AUD | A$0.33 |
| ASX:MYS Share Price ** | ASX (2019-07-19) in AUD | A$4.63 |
| Global Mortgage Industry PE Ratio | Median Figure of 173 Publicly-Listed Mortgage Companies | 13.61x |
| Australia Market PE Ratio | Median Figure of 546 Publicly-Listed Companies | 16.1x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of MyState.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ASX:MYS Share Price ÷ EPS (both in AUD) = 4.63 ÷ 0.33 |
13.91x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- MyState is overvalued based on earnings compared to the Global Mortgage industry average.
- MyState is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does
MyState's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 13.91x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
4.4%per year |
| Global Mortgage Industry PEG Ratio | Median Figure of 71 Publicly-Listed Mortgage Companies | 1.15x |
| Australia Market PEG Ratio | Median Figure of 361 Publicly-Listed Companies | 1.38x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 13.91x ÷ 4.4% |
3.15x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- MyState is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
MyState's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in AUD | A$3.56 |
| ASX:MYS Share Price * | ASX (2019-07-19) in AUD | A$4.63 |
| Australia Mortgage Industry PB Ratio | Median Figure of 6 Publicly-Listed Mortgage Companies | 1.13x |
| Australia Market PB Ratio | Median Figure of 1,693 Publicly-Listed Companies | 1.7x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ASX:MYS Share Price ÷ Book Value per Share (both in AUD) = 4.63 ÷ 3.56 |
1.3x |
* Primary Listing of MyState.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- MyState is overvalued based on assets compared to the AU Mortgage industry average.
Value checks
We assess MyState's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check) MyState has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
MYS Future Performance
How is MyState expected to perform in the next 1 to 3 years based on estimates from 4 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- MyState's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
- MyState's earnings growth is positive but not above the Australia market average.
- MyState's revenue growth is positive but not above the Australia market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| ASX:MYS Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 4.4% |
| ASX:MYS Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 3.2% |
| Global Mortgage Industry Earnings Growth Rate | Market Cap Weighted Average | 5% |
| Global Mortgage Industry Revenue Growth Rate | Market Cap Weighted Average | -13.6% |
| Australia Market Earnings Growth Rate | Market Cap Weighted Average | 7.4% |
| Australia Market Revenue Growth Rate | Market Cap Weighted Average | 3.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (6 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-06-30 | 136 | 34 | 1 | |
| 2021-06-30 | 135 | 33 | 3 | |
| 2020-06-30 | 130 | 32 | 4 | |
| 2019-06-30 | 125 | 30 | 4 |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 124 | 48 | 30 |
| 2018-09-30 | 125 | 49 | 31 |
| 2018-06-30 | 126 | 50 | 31 |
| 2018-03-31 | 125 | 49 | 31 |
| 2017-12-31 | 125 | 48 | 31 |
| 2017-09-30 | 125 | 44 | 30 |
| 2017-06-30 | 124 | 41 | 30 |
| 2017-03-31 | 124 | 52 | 29 |
| 2016-12-31 | 124 | 63 | 28 |
| 2016-09-30 | 123 | 53 | 28 |
| 2016-06-30 | 122 | 42 | 28 |
| 2016-03-31 | 124 | 33 | 31 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (6 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from MyState Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-06-30 | ||||
| 2021-06-30 | 0.36 | 0.40 | 0.33 | 3.00 |
| 2020-06-30 | 0.35 | 0.37 | 0.33 | 4.00 |
| 2019-06-30 | 0.33 | 0.34 | 0.32 | 4.00 |
| Date (Data in AUD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.33 |
| 2018-09-30 | 0.34 |
| 2018-06-30 | 0.35 |
| 2018-03-31 | 0.35 |
| 2017-12-31 | 0.34 |
| 2017-09-30 | 0.34 |
| 2017-06-30 | 0.34 |
| 2017-03-31 | 0.33 |
| 2016-12-31 | 0.32 |
| 2016-09-30 | 0.32 |
| 2016-06-30 | 0.32 |
| 2016-03-31 | 0.35 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess MyState's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
MyState has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
MYS Past Performance
How has MyState performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- MyState's year on year earnings growth rate has been positive over the past 5 years.
- MyState's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- MyState's 1-year earnings growth is negative, it can't be compared to the Global Mortgage industry average.
Earnings and Revenue History
All data from MyState Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 124.38 | 30.03 | 78.77 | |
| 2018-09-30 | 125.13 | 30.75 | 78.56 | |
| 2018-06-30 | 125.88 | 31.46 | 78.35 | |
| 2018-03-31 | 124.72 | 31.07 | 77.64 | |
| 2017-12-31 | 124.93 | 30.68 | 78.31 | |
| 2017-09-30 | 124.67 | 30.38 | 78.92 | |
| 2017-06-30 | 124.40 | 30.08 | 79.53 | |
| 2017-03-31 | 124.00 | 29.26 | 79.15 | |
| 2016-12-31 | 123.60 | 28.44 | 78.77 | |
| 2016-09-30 | 122.90 | 28.39 | 77.86 | |
| 2016-06-30 | 122.20 | 28.33 | 76.95 | |
| 2016-03-31 | 123.83 | 30.54 | 76.52 | |
| 2015-12-31 | 125.45 | 32.74 | 76.08 | |
| 2015-09-30 | 124.98 | 32.63 | 75.83 | |
| 2015-06-30 | 124.51 | 32.51 | 75.57 | |
| 2015-03-31 | 121.23 | 31.05 | 74.51 | |
| 2014-12-31 | 117.94 | 29.58 | 73.45 | |
| 2014-09-30 | 118.17 | 29.58 | 73.68 | |
| 2014-06-30 | 118.40 | 29.57 | 73.91 | |
| 2014-03-31 | 118.75 | 29.16 | 74.75 | |
| 2013-12-31 | 119.10 | 28.75 | 75.59 | |
| 2013-09-30 | 119.91 | 28.60 | 76.55 | |
| 2013-06-30 | 120.72 | 28.46 | 77.50 | |
| 2013-03-31 | 121.62 | 27.59 | 79.54 | |
| 2012-12-31 | 122.53 | 26.72 | 81.57 | |
| 2012-09-30 | 118.31 | 25.05 | 78.43 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- MyState has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- MyState used its assets less efficiently than the Global Mortgage industry average last year based on Return on Assets.
- Unable to establish if MyState improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess MyState's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
MyState has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
MYS Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from MyState Company Filings, last reported 6 months ago.
| Date (Data in AUD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 322.40 | 1,198.57 | 85.60 |
| 2018-09-30 | 322.40 | 1,198.57 | 85.60 |
| 2018-06-30 | 320.66 | 1,209.83 | 103.15 |
| 2018-03-31 | 320.66 | 1,209.83 | 103.15 |
| 2017-12-31 | 316.28 | 990.23 | 52.80 |
| 2017-09-30 | 316.28 | 990.23 | 52.80 |
| 2017-06-30 | 310.90 | 1,031.14 | 99.66 |
| 2017-03-31 | 310.90 | 1,031.14 | 99.66 |
| 2016-12-31 | 301.37 | 942.26 | 96.76 |
| 2016-09-30 | 301.37 | 942.26 | 96.76 |
| 2016-06-30 | 299.63 | 836.52 | 80.15 |
| 2016-03-31 | 299.63 | 836.52 | 80.15 |
| 2015-12-31 | 295.91 | 827.31 | 93.26 |
| 2015-09-30 | 295.91 | 827.31 | 93.26 |
| 2015-06-30 | 293.14 | 833.45 | 66.25 |
| 2015-03-31 | 293.14 | 833.45 | 66.25 |
| 2014-12-31 | 288.16 | 1,145.83 | 88.39 |
| 2014-09-30 | 288.16 | 1,145.83 | 88.39 |
| 2014-06-30 | 285.65 | 569.51 | 215.93 |
| 2014-03-31 | 285.65 | 569.51 | 215.93 |
| 2013-12-31 | 282.61 | 976.64 | 74.01 |
| 2013-09-30 | 282.61 | 976.64 | 74.01 |
| 2013-06-30 | 279.71 | 983.79 | 66.84 |
| 2013-03-31 | 279.71 | 983.79 | 66.84 |
| 2012-12-31 | 276.62 | 968.66 | 58.00 |
| 2012-09-30 | 276.62 | 968.66 | 58.00 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- MyState has an acceptable proportion of non-loan assets held.
- MyState's liabilities are made up of primarily low risk sources of funding.
- Loans at MyState are broadly funded by customer deposits.
- MyState's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
- MyState has a low allowance for bad loans.
- MyState has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess MyState's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) MyState has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
MYS Dividends
What is MyState's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
A$2,000 of
MyState
shares you are expected to receive
A$124
in your first year as a dividend.
Dividend Amount
- MyState's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.53%).
- MyState's dividend is above the markets top 25% of dividend payers in Australia (5.79%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Global Mortgage Industry Average Dividend Yield | Market Cap Weighted Average of 132 Stocks | 2.4% |
| Australia Market Average Dividend Yield | Market Cap Weighted Average of 415 Stocks | 4% |
| Australia Minimum Threshold Dividend Yield | 10th Percentile | 1.4% |
| Australia Bottom 25% Dividend Yield | 25th Percentile | 2.5% |
| Australia Top 25% Dividend Yield | 75th Percentile | 5.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in A$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-06-30 | 0.32 | 1.00 |
| 2021-06-30 | 0.31 | 3.00 |
| 2020-06-30 | 0.30 | 3.00 |
| 2019-06-30 | 0.29 | 3.00 |
| Date (Data in A$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-21 | 0.288 | 6.574 |
| 2018-08-16 | 0.288 | 6.223 |
| 2017-08-17 | 0.285 | 5.896 |
| 2017-02-16 | 0.285 | 6.077 |
| 2016-08-22 | 0.285 | 6.751 |
| 2015-08-20 | 0.285 | 6.660 |
| 2015-02-19 | 0.285 | 5.726 |
| 2014-08-21 | 0.290 | 6.134 |
| 2014-02-27 | 0.280 | 6.025 |
| 2013-08-27 | 0.280 | 5.906 |
| 2013-02-27 | 0.280 | 6.284 |
| 2012-08-29 | 0.280 | 7.774 |
| 2011-08-31 | 0.270 | 8.041 |
| 2010-08-24 | 0.250 | 6.998 |
| 2010-02-23 | 0.200 | 6.287 |
| 2009-09-22 | 0.100 | 3.624 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
MyState's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.2x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
Income/ dividend checks
We assess MyState's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can MyState afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) MyState has a total score of 6/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
MYS Management
CEO
| COMPENSATION | A$791,121 |
| TENURE AS CEO | 5 years |
CEO Bio
Mr. Melos Anthony Sulicich, BBus(Mktg), GAICD, SA FIN serves as Chief Executive Officer and Managing Director at MyState Bank Limited. Mr. Sulicich has been the Chief Executive Officer, Managing Director and Executive Director at MyState Limited since July 1, 2014. He served as General Manager of Adsteam Australasia at Adsteam Marine Pty. Ltd. since September 29, 2003. He joined Adsteam Marine in September 2003 to lead and manage the Australian and Pacific towage business. He was previously Group General Manager – Marketing with Mayne Group and has held marketing and management positions with Colonial and Shell. He served as Group General Manager of Cleaning Services at Spotless Group Holdings Limited from July 23, 2007 to August 31, 2008. He has significant domestic and international experience across a broad range of sectors including senior roles in financial services, petroleum, healthcare, logistics and industrial services. Mr. Sulicich served as the Chief Executive Officer of RAMS Financial Group and General Manager of Mortgage Broker Distribution with Westpac from 2008 to 2013.
CEO Compensation
- Melos's compensation has been consistent with company performance over the past year, both up more than 20%.
- Melos's remuneration is about average for companies of similar size in Australia.
Management Team Tenure
Average tenure of the MyState management team in years:
- The tenure for the MyState management team is about average.
Management Team
Melos Sulicich
MD, CEO & Director
A$791K
5 yrs
David Harradine
Chief Financial Officer
A$475K
4.3 yrs
Paul Moss
General Manager of Technology
A$422K
4.2 yrs
Janelle Whittle
General Manager of People & Culture
A$273K
1.5 yrs
Mandy Khanna
Chief Risk Officer
A$450K
3.6 yrs
Huw Bough
General Manager of Mortgage Broker
A$421K
2.4 yrs
Kate Dean
General Manager Retail Banking Sales & Service
A$386K
2.4 yrs
Greg Slade
Investor Relation Professional
Scott Lukianenko
Company Secretary
A$312K
5.7 yrs
Board of Directors Tenure
Average tenure and age of the MyState board of directors in years:
- The tenure for the MyState board of directors is about average.
Board of Directors
Miles Hampton
Chairman of the Board
A$212K
67
5.8 yrs
Melos Sulicich
MD, CEO & Director
A$791K
5 yrs
Robert Gordon
Independent Non-Executive Director
A$107K
10.4 yrs
Stephen Lonie
Independent Non-Executive Director
A$107K
67
7.6 yrs
Andrea Waters
Independent Non-Executive Director
A$72K
1.8 yrs
Sibylle Krieger
Independent Non-Executive Director
A$100K
61
2.6 yrs
Warren Lee
Independent Non-Executive Director
A$69K
1.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (A$) | Value (A$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 19. Mar 19 | Buy | Warren Lee | Individual | 15. Mar 19 | 15. Mar 19 | 11,972 | A$4.43 | A$53,016 | ||
| 28. Feb 19 | Buy | Sibylle Krieger | Individual | 28. Feb 19 | 28. Feb 19 | 8,180 | A$4.70 | A$38,446 | ||
| 13. Dec 18 | Buy | Robert Gordon | Individual | 11. Dec 18 | 11. Dec 18 | 5,000 | A$4.35 | A$21,732 | ||
| 19. Oct 18 | Sell | NovaPort Capital Pty Limited | Company | 01. Mar 18 | 16. Oct 18 | -3,441,419 | A$4.71 | A$-16,221,035 | ||
| 08. Oct 18 | Buy | Melos Sulicich | Individual | 05. Oct 18 | 05. Oct 18 | 5,285 | A$4.72 | A$24,945 | ||
| 03. Sep 18 | Buy | Sibylle Krieger | Individual | 31. Aug 18 | 31. Aug 18 | 10,000 | A$4.72 | A$47,200 | ||
| 28. Aug 18 | Buy | Andrea Waters | Individual | 28. Aug 18 | 28. Aug 18 | 20,000 | A$4.67 | A$93,400 | ||
Management checks
We assess MyState's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) MyState has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
MYS News
Simply Wall St News
MyState Limited (ASX:MYS) Should Be In Your Dividend Portfolio, Here's Why
More specifically: It is paying an annual yield above 75% of dividend payers It has paid dividend every year without dramatically reducing payout in the past Its has increased its dividend per share amount over the past It can afford to pay the current rate of dividends from its earnings It is able to continue to payout at the current rate in the future High Yield And Dependable MyState currently yields 6.2%, which is high for Mortgage stocks. … ASX:MYS Historical Dividend Yield, July 18th 2019 If there is one thing that you want to be reliable in your life, it's dividend stocks and their constant income stream. … Next Steps: There aren't many other stocks out there with the same track record as MyState, so I would certainly recommend further examining the stock if its dividend characteristics appeal to you.
Simply Wall St - – Full articleCan We See Significant Institutional Ownership On The MyState Limited (ASX:MYS) Share Register?
See our latest analysis for MyState ASX:MYS Ownership Summary, July 2nd 2019 What Does The Institutional Ownership Tell Us About MyState? … Insider Ownership Of MyState The definition of company insiders can be subjective, and does vary between jurisdictions. … In their own names, insiders own AU$13m worth of stock in the AU$414m company.
Simply Wall St - – Full articleMyState Limited (ASX:MYS): Will The Growth Last?
For those interested in more of an analysis of the company, you can research its fundamentals here. … I've plotted out each year's earnings expectations and inserted a line of best fit to calculate an annual growth rate from the slope in order to understand the overall trajectory of MYS's earnings growth over these next few years. … ASX:MYS Past and Future Earnings, June 6th 2019 This results in an annual growth rate of 4.4% based on the most recent earnings level of AU$31m to the final forecast of AU$35m by 2022.
Simply Wall St - – Full articleIs MyState Limited's (ASX:MYS) CEO Paid Enough Relative To Peers?
This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … View our latest analysis for MyState How Does Melos Sulicich's Compensation Compare With Similar Sized Companies? … At the time of writing our data says that MyState Limited has a market cap of AU$389m, and is paying total annual CEO compensation of AU$791k.
Simply Wall St - – Full articleThe MyState (ASX:MYS) Share Price Is Down 11% So Some Shareholders Are Getting Worried
Investors in MyState Limited (ASX:MYS) have tasted that bitter downside in the last year, as the share price dropped 11%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … As well as measuring the share price return, investors should also consider the total shareholder return (TSR).
Simply Wall St - – Full articleHere's How We Evaluate MyState Limited's (ASX:MYS) Dividend
A dividend paying company with growing earnings can be rewarding in the long term. … Unfortunately, one common occurrence with dividend companies is for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. … Some simple analysis can offer a lot of insight when buying a company for its dividend, and we'll go through these below.
Simply Wall St - – Full articleIntroducing MyState (ASX:MYS), The Stock That Dropped 12% In The Last Year
Investors in MyState Limited (ASX:MYS) have tasted that bitter downside in the last year, as the share price dropped 12%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … This reduction in EPS is not as bad as the 12% share price fall.
Simply Wall St - – Full articleNeed To Know: MyState Limited (ASX:MYS) Insiders Have Been Buying Shares
So we'll take a look at whether insiders have been buying or selling shares in MyState Limited (ASX:MYS). … The Last 12 Months Of Insider Transactions At MyState. … In the last twelve months there was more buying than selling by MyState insiders
Simply Wall St - – Full articleCould MyState Limited's (ASX:MYS) Investor Composition Influence The Stock Price?
The big shareholder groups in MyState Limited (ASX:MYS) have power over the company. … Generally speaking, as a company grows, institutions will increase their ownership. … We can zoom in on the different ownership groups, to learn more about MYS
Simply Wall St - – Full articleRead This Before Considering MyState Limited (ASX:MYS) For Its Upcoming AU$0.14 Dividend
Important news for shareholders and potential investors in MyState Limited (ASX:MYS): The dividend payment of AU$0.14 per share will be distributed to shareholders on 29 March 2019, and the stock will begin trading ex-dividend at an earlier date, 01 March 2019. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:? … Has it paid dividend every year without dramatically reducing payout in the past?
Simply Wall St - – Full articleMYS Company Info
Description
MyState Limited, through its subsidiaries, provides a range of financial products and services in Australia. The company operates through Banking, Wealth Management, and Corporate and Consolidation divisions. It offers banking products, including transactional savings accounts and fixed term deposits; home loans, personal loans, overdrafts, line of credit, and commercial products; and insurance products. The company also provides trustee services that include estate planning, estate and trust administration, power of attorney, and corporate trustee services. In addition, it offers wealth management services, such as managed fund investments, financial planning, portfolio administration, portfolio advisory, and private client services. The company delivers its products and services through its branch network, digital channels, and third party channels. MyState Limited was founded in 2009 and is based in Hobart, Australia.
Details
| Name: | MyState Limited |
| MYS | |
| Exchange: | ASX |
| Founded: | 2009 |
| A$421,517,723 | |
| 91,040,545 | |
| Website: | http://www.mystatelimited.com.au |
| Address: |
MyState Limited 137 Harrington Street, Level 2, Hobart, Tasmania, 7000, Australia |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ASX | MYS | Ordinary Shares | Australian Securities Exchange | AU | AUD | 10. Sep 2009 |
Number of employees
Current staff
Industry
| Thrifts and Mortgage Finance | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/20 10:37 |
| End of day share price update: | 2019/07/19 00:00 |
| Last estimates confirmation: | 2019/03/29 |
| Last earnings filing: | 2019/02/21 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/06/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
