Executive Summary
MyState Limited, through its subsidiaries, provides a range of financial products and services in Australia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet average dividend payer.
Similar Companies
Share Price & News
How has MyState's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
Market Performance
7 Day Return
1.9%
MYS
-2.7%
AU Mortgage
-0.7%
AU Market
1 Year Return
30.9%
MYS
42.1%
AU Mortgage
35.4%
AU Market
Return vs Industry: MYS underperformed the Australian Mortgage industry which returned 42.1% over the past year.
Return vs Market: MYS underperformed the Australian Market which returned 35.4% over the past year.
Shareholder returns
| MYS | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.9% | -2.7% | -0.7% |
| 30 Day | 7.2% | 3.8% | 0.8% |
| 90 Day | -5.3% | -3.1% | 2.5% |
| 1 Year | 34.2%30.9% | 44.4%42.1% | 39.6%35.4% |
| 3 Year | 15.7%0.4% | 28.7%4.3% | 30.2%14.8% |
| 5 Year | 56.7%20.4% | 51.3%-4.7% | 61.7%31.7% |
Long-Term Price Volatility Vs. Market
How volatile is MyState's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
MyState Limited (ASX:MYS) Released Earnings Last Week And Analysts Lifted Their Price Target To AU$5.203 months ago | Simply Wall St
How Much Is MyState Limited (ASX:MYS) Paying Its CEO?5 months ago | Simply Wall St
Did You Participate In Any Of MyState's (ASX:MYS) Respectable 46% Return?Valuation
Is MyState undervalued compared to its fair value and its price relative to the market?
3.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MYS (A$4.79) is trading below our estimate of fair value (A$4.98)
Significantly Below Fair Value: MYS is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MYS is poor value based on its PE Ratio (13.8x) compared to the Australian Mortgage industry average (13.6x).
PE vs Market: MYS is good value based on its PE Ratio (13.8x) compared to the Australian market (20.1x).
Price to Earnings Growth Ratio
PEG Ratio: MYS is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: MYS is overvalued based on its PB Ratio (1.3x) compared to the AU Mortgage industry average (1x).
Future Growth
How is MyState forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
7.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MYS's forecast earnings growth (7.8% per year) is above the savings rate (1.9%).
Earnings vs Market: MYS's earnings (7.8% per year) are forecast to grow slower than the Australian market (13.3% per year).
High Growth Earnings: MYS's earnings are forecast to grow, but not significantly.
Revenue vs Market: MYS's revenue (4.2% per year) is forecast to grow slower than the Australian market (4.9% per year).
High Growth Revenue: MYS's revenue (4.2% 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 (11.3%).
Past Performance
How has MyState performed over the past 5 years?
0.7%
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 (24.5%) are lower than last year (24.7%).
Past Earnings Growth Analysis
Earnings Trend: MYS's earnings have grown by 0.7% per year over the past 5 years.
Accelerating Growth: MYS's earnings growth over the past year (4.6%) exceeds its 5-year average (0.7% per year).
Earnings vs Industry: MYS earnings growth over the past year (4.6%) underperformed the Mortgage industry 15.2%.
Return on Equity
High ROE: MYS's Return on Equity (9.1%) is considered low.
Financial Health
How is MyState's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: MYS's Assets to Equity ratio (17.7x) is moderate.
Allowance for Bad Loans: MYS has a low allowance for bad loans (22%).
Low Risk Liabilities: 78% 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 (118%) is appropriate.
Level of Bad Loans: MYS has an appropriate level of bad loans (0.6%).
Dividend
What is MyState current dividend yield, its reliability and sustainability?
5.22%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MYS's dividend (5.22%) is higher than the bottom 25% of dividend payers in the Australian market (2.11%).
High Dividend: MYS's dividend (5.22%) is in the top 25% of dividend payers in the Australian market (5.19%)
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 not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.9%), MYS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MYS's dividends in 3 years are forecast to be covered by earnings (71.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.4yrs
Average management tenure
CEO
Melos Sulicich
6.83yrs
Tenure
AU$707,744
Compensation
Mr. Melos Anthony Sulicich, BBus(Mktg), GAICD, SA FIN serves as Chief Executive Officer, Managing Director and Executive Director at MyState Bank Limited. Mr. Sulicich serves as the Chief Executive Officer...
CEO Compensation Analysis
Compensation vs Market: Melos's total compensation ($USD547.83K) is about average for companies of similar size in the Australian market ($USD713.55K).
Compensation vs Earnings: Melos's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: MYS's management team is seasoned and experienced (5.4 years average tenure).
Board Members
Experienced Board: MYS's board of directors are considered experienced (4.4 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
MyState Limited's company bio, 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
- Market Cap: AU$447.081m
- Shares outstanding: 92.37m
- Website: https://www.mystatelimited.com.au
Location
- MyState Limited
- 137 Harrington Street
- Level 2
- Hobart
- Tasmania
- 7000
- Australia
Listings
Biography
MyState Limited, through its subsidiaries, provides a range of financial products and services in Australia. It operates in two segments, Banking and Wealth Management. The company offers banking products ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/13 08:10 |
| End of Day Share Price | 2021/05/13 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.