Snowflake Score | |
---|---|
Valuation | 2/6 |
Future Growth | 3/6 |
Past Performance | 4/6 |
Financial Health | 5/6 |
Dividends | 3/6 |
MYS Stock Overview
MyState Limited, through its subsidiaries, provides banking, trustee, and managed fund products and services in Australia.
MyState Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | AU$4.24 |
52 Week High | AU$5.44 |
52 Week Low | AU$3.78 |
Beta | 0.86 |
1 Month Change | -9.79% |
3 Month Change | -15.54% |
1 Year Change | -8.23% |
3 Year Change | -6.81% |
5 Year Change | -11.67% |
Change since IPO | 41.33% |
Recent News & Updates
MyState (ASX:MYS) Has Re-Affirmed Its Dividend Of AU$0.13
MyState Limited ( ASX:MYS ) will pay a dividend of AU$0.13 on the 15th of March. This means the annual payment is 5.1...
Shareholder Returns
MYS | AU Mortgage | AU Market | |
---|---|---|---|
7D | 11.6% | 1.6% | 1.4% |
1Y | -8.2% | -10.8% | -11.3% |
Return vs Industry: MYS exceeded the Australian Mortgage industry which returned -10.8% over the past year.
Return vs Market: MYS exceeded the Australian Market which returned -11.3% over the past year.
Price Volatility
MYS volatility | |
---|---|
MYS Average Weekly Movement | 3.7% |
Mortgage Industry Average Movement | 4.2% |
Market Average Movement | 9.7% |
10% most volatile stocks in AU Market | 16.3% |
10% least volatile stocks in AU Market | 4.2% |
Stable Share Price: MYS is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MYS's weekly volatility (4%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
2009 | n/a | Brett Morgan | https://www.mystatelimited.com.au |
MyState Limited, through its subsidiaries, provides banking, trustee, and managed fund products and services in Australia. The company operates in two segments, Banking and Wealth Management. It offers personal and commercial lending, mortgage lending, savings and investment products, wealth management services, and insurance products under MyState Bank brand.
MyState Fundamentals Summary
MYS fundamental statistics | |
---|---|
Market Cap | AU$429.97m |
Earnings (TTM) | AU$35.93m |
Revenue (TTM) | AU$143.06m |
12.5x
P/E Ratio1.1x
P/B RatioIs MYS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
MYS income statement (TTM) | |
---|---|
Revenue | AU$143.06m |
Cost of Revenue | AU$0 |
Gross Profit | AU$143.06m |
Other Expenses | AU$107.13m |
Earnings | AU$35.93m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Aug 19, 2022
Earnings per share (EPS) | 0.34 |
Gross Margin | 100.00% |
Net Profit Margin | 25.12% |
Debt/Equity Ratio | 286.9% |
How did MYS perform over the long term?
See historical performance and comparisonDividends
6.0%
Current Dividend Yield71%
Payout RatioValuation
Is MYS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MYS?
Other financial metrics that can be useful for relative valuation.
What is MYS's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | AU$429.97m |
Key Statistics | |
---|---|
Enterprise Value/Revenue | n/a |
Enterprise Value/EBITDA | n/a |
PEG Ratio | 1.1x |
Price to Earnings Ratio vs Peers
How does MYS's PE Ratio compare to its peers?
MYS PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 6.6x | ||
AFG Australian Finance Group | 7.6x | 9.2% | AU$415.8m |
ABA Auswide Bank | 10x | n/a | AU$265.5m |
RMC Resimac Group | 4.3x | 7.1% | AU$488.5m |
PPM Pepper Money | 4.3x | 4.7% | AU$565.0m |
MYS MyState | 12.5x | 11.8% | AU$430.0m |
Price-To-Earnings vs Peers: MYS is expensive based on its Price-To-Earnings Ratio (12.5x) compared to the peer average (6.6x).
Price to Earnings Ratio vs Industry
How does MYS's PE Ratio compare vs other companies in the Global Mortgage Industry?
Price-To-Earnings vs Industry: MYS is expensive based on its Price-To-Earnings Ratio (12.5x) compared to the Global Mortgage industry average (11x)
Price to Earnings Ratio vs Fair Ratio
What is MYS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 12.5x |
Fair PE Ratio | 11.7x |
Price-To-Earnings vs Fair Ratio: MYS is expensive based on its Price-To-Earnings Ratio (12.5x) compared to the estimated Fair Price-To-Earnings Ratio (11.7x).
Share Price vs Fair Value
What is the Fair Price of MYS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MYS (A$4.24) is trading below our estimate of fair value (A$6.18)
Significantly Below Fair Value: MYS is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: MYS is poor value based on its PEG Ratio (1.1x)
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Future Growth
How is MyState forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
11.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MYS's forecast earnings growth (11.8% per year) is above the savings rate (1.8%).
Earnings vs Market: MYS's earnings (11.8% per year) are forecast to grow faster than the Australian market (6% per year).
High Growth Earnings: MYS's earnings are forecast to grow, but not significantly.
Revenue vs Market: MYS's revenue (6.5% per year) is forecast to grow faster than the Australian market (5.2% per year).
High Growth Revenue: MYS's revenue (6.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MYS's Return on Equity is forecast to be low in 3 years time (10.4%).
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Past Performance
How has MyState performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
3.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MYS has a high level of non-cash earnings.
Growing Profit Margin: MYS's current net profit margins (25.1%) are higher than last year (24.5%).
Past Earnings Growth Analysis
Earnings Trend: MYS's earnings have grown by 3.7% per year over the past 5 years.
Accelerating Growth: MYS's earnings growth over the past year (12.4%) exceeds its 5-year average (3.7% per year).
Earnings vs Industry: MYS earnings growth over the past year (12.4%) exceeded the Mortgage industry 10%.
Return on Equity
High ROE: MYS's Return on Equity (8.6%) is considered low.
Discover strong past performing companies
Financial Health
How is MyState's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
5/6Financial Health Score 5/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: MYS's Assets to Equity ratio (17.3x) is moderate.
Allowance for Bad Loans: MYS has a low allowance for bad loans (18%).
Low Risk Liabilities: 82% of MYS's liabilities are made up of primarily low risk sources of funding.
Loan Level: MYS has an appropriate level of Loans to Assets ratio (86%).
Low Risk Deposits: MYS's Loans to Deposits ratio (111%) is appropriate.
Level of Bad Loans: MYS has an appropriate level of bad loans (0.5%).
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Dividend
What is MyState current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
6.01%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MYS's dividend (6.01%) is higher than the bottom 25% of dividend payers in the Australian market (2.75%).
High Dividend: MYS's dividend (6.01%) is low compared to the top 25% of dividend payers in the Australian market (6.85%).
Stability and Growth of Payments
Stable Dividend: MYS's dividend payments have been volatile in the past 10 years.
Growing Dividend: MYS's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (70.6%), MYS's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MYS's dividends in 3 years are forecast to be covered by earnings (69.7% payout ratio).
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
4.4yrs
Average management tenure
CEO
Brett Morgan
0.42
Tenure
Mr. Brett Alexander Morgan has been Director of MyState Limited since January 17, 2022 and serves as Managing Director & Chief Executive Officer since January 2022. He had been Chief Executive Officer of B...
Leadership Team
Experienced Management: MYS's management team is considered experienced (4.4 years average tenure).
Board Members
Experienced Board: MYS's board of directors are considered experienced (4.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MYS insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.3%.
Top Shareholders
Company Information
MyState Limited's employee growth, exchange listings and data sources
Key Information
- Name: MyState Limited
- Ticker: MYS
- Exchange: ASX
- Founded: 2009
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Implied Market Cap: AU$429.974m
- Shares outstanding: 105.90m
- Website: https://www.mystatelimited.com.au
Location
- MyState Limited
- 137 Harrington Street
- Level 2
- Hobart
- Tasmania
- 7000
- Australia
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/06/27 00:00 |
End of Day Share Price | 2022/06/27 00:00 |
Earnings | 2021/12/31 |
Annual Earnings | 2021/06/30 |
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.