MyState (ASX:MYS) - Stock Price, News & Analysis

MYS Stock Overview

Through its subsidiaries, provides banking, trustee, and managed fund products and services in Australia. More details

MYS fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	2/6
Financial Health	4/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (12.6x) is below the Australian market (19.7x)

Earnings are forecast to grow 11.9% per year

Risk Analysis

Unstable dividend track record

MyState Limited Competitors

Auswide Bank

ASX:ABA

AU$232.1m

Bank of Queensland

ASX:BOQ

AU$4.5b

Bendigo and Adelaide Bank

ASX:BEN

AU$7.6b

Kina Securities

ASX:KSL

AU$300.9m

Price History & Performance

Summary of all time highs, changes and price drops for MyState
Historical stock prices
Current Share Price	AU$4.02
52 Week High	AU$4.25
52 Week Low	AU$2.90
Beta	0.96
11 Month Change	7.20%
3 Month Change	3.61%
1 Year Change	36.27%
33 Year Change	-16.25%
5 Year Change	-14.65%
Change since IPO	34.00%

MyState's (ASX:MYS) Dividend Will Be A$0.115

Aug 21

Recent updates

MyState Limited (ASX:MYS) Released Earnings Last Week And Analysts Lifted Their Price Target To AU$5.20

Feb 20

How Much Is MyState Limited (ASX:MYS) Paying Its CEO?

Jan 18

Did You Participate In Any Of MyState's (ASX:MYS) Respectable 46% Return?

Nov 26

Shareholder Returns

	MYS	AU Banks	AU Market
7D	6.3%	3.6%	1.5%
1Y	36.3%	45.9%	17.2%

Return vs Industry: MYS underperformed the Australian Banks industry which returned 45.9% over the past year.

Return vs Market: MYS exceeded the Australian Market which returned 17.2% over the past year.

Price Volatility

Is MYS's price volatile compared to industry and market?
MYS volatility
MYS Average Weekly Movement	3.6%
Banks Industry Average Movement	3.6%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: MYS has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: MYS's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2008	n/a	Brett Morgan	www.mystatelimited.com.au

MyState Limited, through its subsidiaries, provides banking, trustee, and managed fund products and services in Australia. It operates through Banking and Wealth Management segments. The company offers fixed term deposits and saving products; home loans, overdraft, line of credit, commercial products and lending, personal and business lending, transactional, internet banking, insurance, business banking, agribusiness, and other alliances services.

MyState Limited Fundamentals Summary

How do MyState's earnings and revenue compare to its market cap?
MYS fundamental statistics
Market cap	AU$447.10m
Earnings (TTM)	AU$35.29m
Revenue (TTM)	AU$151.23m

12.6x

P/E Ratio

1.0x

P/B Ratio

Is MYS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MYS income statement (TTM)
Revenue	AU$151.23m
Cost of Revenue	AU$0
Gross Profit	AU$151.23m
Other Expenses	AU$115.94m
Earnings	AU$35.29m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.32
Gross Margin	100.00%
Net Profit Margin	23.34%
Debt/Equity Ratio	495.6%

How did MYS perform over the long term?

See historical performance and comparison

Dividends

5.7%

Current Dividend Yield

72%

Payout Ratio

MYS Stock Overview

Rewards

Risk Analysis

MyState Limited Competitors

ASX:ABA

AU$232.1m

ASX:BOQ

AU$4.5b

ASX:BEN

AU$7.6b

ASX:KSL

AU$300.9m

Price History & Performance

Recent News & Updates

Consensus revenue estimates increase by 13%

MyState's (ASX:MYS) Dividend Will Be A$0.115

MyState Limited (ASX:MYS) entered into Binding Scheme Implementation Agreement to acquire Auswide Bank Ltd (ASX:ABA) for approximately AUD 200 million in a Merger of equals transaction.

Final dividend of AU$0.12 announced

Full year 2024 earnings: EPS misses analyst expectations

Insufficient new directors

Recent updates

Consensus revenue estimates increase by 13%

MyState's (ASX:MYS) Dividend Will Be A$0.115

MyState Limited (ASX:MYS) entered into Binding Scheme Implementation Agreement to acquire Auswide Bank Ltd (ASX:ABA) for approximately AUD 200 million in a Merger of equals transaction.

Final dividend of AU$0.12 announced

Full year 2024 earnings: EPS misses analyst expectations

Insufficient new directors

Price target decreased by 13% to AU$4.38

First half dividend of AU$0.12 announced

First half 2024 earnings released: EPS: AU$0.16 (vs AU$0.19 in 1H 2023)

MyState Limited to Report First Half, 2024 Results on Feb 23, 2024

MyState Limited Revises Earnings Guidance for the Fiscal Year 2024

MyState Limited Declares Fully Franked Final Dividend for the Year 2023, Payable on 19 September 2023

Full year 2023 earnings: Revenues miss analyst expectations

Now 20% undervalued

Now 20% undervalued after recent price drop

First half 2023 earnings released: EPS: AU$0.19 (vs AU$0.16 in 1H 2022)

MyState Limited, Annual General Meeting, Oct 19, 2023

Now 21% undervalued after recent price drop

Now 22% undervalued after recent price drop

Full year 2022 earnings: EPS and revenues miss analyst expectations

MyState Limited Announces Ordinary Fully Paid Dividend for the Six Months Ended June 30, 2022, Payable on September 7, 2022

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Consensus EPS estimates fall by 16%

MyState (ASX:MYS) Has Re-Affirmed Its Dividend Of AU$0.13

First half 2022 earnings: EPS and revenues miss analyst expectations

MyState Limited Declares Ordinary Dividend for the Six Months Ended December 31, 2021, Payable on March 15, 2022

MyState Limited to Report First Half, 2022 Results on Feb 18, 2022

We Think The Compensation For MyState Limited's (ASX:MYS) CEO Looks About Right

Key Executive recently bought AU$63k worth of stock

Full year 2021 earnings released: EPS AU$0.39 (vs AU$0.33 in FY 2020)

MyState Limited has completed a Follow-on Equity Offering in the amount of AUD 80 million.

New 90-day low: AU$4.88

MyState Limited (ASX:MYS) Released Earnings Last Week And Analysts Lifted Their Price Target To AU$5.20

First half 2021 earnings released: EPS AU$0.18 (vs AU$0.17 in 1H 2020)

Earnings beat expectations, revenue disappoints

MyState Limited, Annual General Meeting, Oct 20, 2021

New 90-day high: AU$5.40

How Much Is MyState Limited (ASX:MYS) Paying Its CEO?

Did You Participate In Any Of MyState's (ASX:MYS) Respectable 46% Return?

Price target raised to AU$5.28

New 90-day high: AU$4.69

Key Executive recently bought AU$80k worth of stock

New 90-day high: AU$4.08

Mystate Ltd. to Report Fiscal Year 2010 Results on 08/24/2010

New 90-day low - AU$3.65

Fiducian Group Limited (ASX:FID) completed the acquisition of the Retail Financial Planning Business from MyState Limited (ASX: MYS).

Full year earnings released - EPS AU$0.33

MyState Limited Resolves Not to Pay Final Dividend

Shareholder Returns

Price Volatility

About the Company

MyState Limited Fundamentals Summary

12.6x

1.0x

Earnings & Revenue

Dividends

5.7%

72%