Declared Dividend • Aug 21
Final dividend of AU$0.11 announced Shareholders will receive a dividend of AU$0.11. Ex-date: 22nd August 2025 Payment date: 16th September 2025 Dividend yield will be 4.8%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (81% payout ratio) and is expected to be covered in 3 years' time (71% forecast payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 20
Full year 2025 earnings released: EPS: AU$0.26 (vs AU$0.32 in FY 2024) Full year 2025 results: EPS: AU$0.26. Revenue: AU$186.2m (up 23% from FY 2024). Net income: AU$35.6m (flat on FY 2024). Profit margin: 19% (down from 23% in FY 2024). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 1.47% (up from 1.45% in FY 2024). Cost-to-income ratio: 68.0% (up from 66.3% in FY 2024). Non-performing loans: 0.72% (down from 0.97% in FY 2024). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in Australia. Duyuru • Feb 18
MyState Limited Announces Ordinary Dividend for the Six Months Ended December 31, 2024, Payable on March 21, 2025 MyState Limited announced ordinary dividend of AUD 0.10500000 per share for the six months ended December 31, 2024. Record Date is March 5, 2025. Ex date is March 4, 2025. Payment date is March 21, 2025. Board Change • Feb 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. MD, CEO & Executive Director Brett Morgan was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Aug 21
MyState Limited Announces Ordinary Fully Franked Dividend for the Six Months Ended June 30, 2024, Payable on September 16, 2024 MyState Limited announced ordinary fully franked dividend of AUD 0.11500000 per share for the six months ended June 30, 2024, payable on September 16, 2024; record date: August 23, 2024; Ex date: August 22, 2024. Declared Dividend • Aug 21
Final dividend of AU$0.12 announced Dividend of AU$0.12 is the same as last year. Ex-date: 22nd August 2024 Payment date: 16th September 2024 Dividend yield will be 5.5%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (72% payout ratio) and is expected to be covered in 3 years' time (71% forecast payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 19
Full year 2024 earnings released: EPS: AU$0.32 (vs AU$0.35 in FY 2023) Full year 2024 results: EPS: AU$0.32 (down from AU$0.35 in FY 2023). Revenue: AU$151.2m (down 4.2% from FY 2023). Net income: AU$35.3m (down 8.3% from FY 2023). Profit margin: 23% (down from 24% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Banks industry in Australia. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 9% per year. Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. MD, CEO & Director Brett Morgan was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Feb 25
First half dividend of AU$0.12 announced Dividend of AU$0.12 is the same as last year. Ex-date: 28th February 2024 Payment date: 22nd March 2024 Dividend yield will be 6.7%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (70% payout ratio) and is expected to be covered in 3 years' time (67% forecast payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 24
First half 2024 earnings released: EPS: AU$0.16 (vs AU$0.19 in 1H 2023) First half 2024 results: EPS: AU$0.16 (down from AU$0.19 in 1H 2023). Revenue: AU$74.9m (down 7.3% from 1H 2023). Net income: AU$17.5m (down 13% from 1H 2023). Profit margin: 23% (down from 25% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Banks industry in Australia. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Duyuru • Dec 15
MyState Limited Revises Earnings Guidance for the Fiscal Year 2024 MyState Limited revised earnings guidance for the fiscal year 2024. For the period, the company expects Earnings per share down 7.5% to 12.5% on fiscal year 2023 (previous guidance: 35.5 cents). Duyuru • Aug 18
MyState Limited Declares Fully Franked Final Dividend for the Year 2023, Payable on 19 September 2023 The Directors of MyState Limited have declared a fully franked final dividend of 11.5 cents per share for the year 2023. The dividend will be payable on 19 September 2023 to shareholders on the register at the record date of 24 August 2023, taking the dividend for the full year to 23.0 cents per share. Reported Earnings • Aug 18
Full year 2023 earnings released Full year 2023 results: Revenue: AU$160.4m (up 14% from FY 2022). Net income: AU$38.5m (up 20% from FY 2022). Profit margin: 24% (up from 23% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Australia. Buying Opportunity • Aug 17
Now 20% undervalued Over the last 90 days, the stock is up 4.4%. The fair value is estimated to be AU$4.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings is also forecast to grow by 10% per annum over the same time period. Buying Opportunity • Jun 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be AU$3.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings is also forecast to grow by 10.0% per annum over the same time period. Reported Earnings • Feb 24
First half 2023 earnings released: EPS: AU$0.19 (vs AU$0.16 in 1H 2022) First half 2023 results: EPS: AU$0.19 (up from AU$0.16 in 1H 2022). Revenue: AU$80.8m (up 12% from 1H 2022). Net income: AU$20.1m (up 21% from 1H 2022). Profit margin: 25% (up from 23% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Global Mortgage industry. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Duyuru • Dec 22
MyState Limited, Annual General Meeting, Oct 19, 2023 MyState Limited, Annual General Meeting, Oct 19, 2023. Buying Opportunity • Oct 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.7%. The fair value is estimated to be AU$5.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Reported Earnings • Aug 16
Full year 2022 earnings released: EPS: AU$0.30 (vs AU$0.39 in FY 2021) Full year 2022 results: EPS: AU$0.30 (down from AU$0.39 in FY 2021). Revenue: AU$141.8m (up 1.6% from FY 2021). Net income: AU$32.0m (down 12% from FY 2021). Profit margin: 23% (down from 26% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.1% compared to a 4.1% decline forecast for the Mortgage industry in Australia. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year. Buying Opportunity • Apr 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.3%. The fair value is estimated to be AU$6.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 5.3%. Revenue is forecast to grow by 3.8% in a year. Earnings is forecast to decline by 2.5% in the next year. Reported Earnings • Feb 21
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: AU$0.16 (down from AU$0.18 in 1H 2021). Revenue: AU$72.6m (up 5.1% from 1H 2021). Net income: AU$16.6m (down 2.4% from 1H 2021). Profit margin: 23% (down from 25% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 3.8%, compared to a 16% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Recent Insider Transactions • Sep 28
Key Executive recently bought AU$63k worth of stock On the 22nd of September, Miles Hampton bought around 13k shares on-market at roughly AU$4.80 per share. This was the largest purchase by an insider in the last 3 months. Miles has been a buyer over the last 12 months, purchasing a net total of AU$189k worth in shares. Reported Earnings • Aug 20
Full year 2021 earnings released: EPS AU$0.39 (vs AU$0.33 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$139.5m (up 13% from FY 2020). Net income: AU$36.3m (up 21% from FY 2020). Profit margin: 26% (up from 24% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. Is New 90 Day High Low • Feb 26
New 90-day low: AU$4.84 The company is down 6.0% from its price of AU$5.16 on 26 November 2020. The Australian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Mortgage industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$4.43 per share. Reported Earnings • Feb 20
First half 2021 earnings released: EPS AU$0.18 (vs AU$0.17 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: AU$69.1m (up 10% from 1H 2020). Net income: AU$17.0m (up 13% from 1H 2020). Profit margin: 25% (in line with 1H 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Analyst Estimate Surprise Post Earnings • Feb 20
Revenue misses expectations Revenue missed analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 7.2% compared to a 4.5% decline forecast for the Mortgage industry in Australia. Is New 90 Day High Low • Jan 13
New 90-day high: AU$5.21 The company is up 41% from its price of AU$3.70 on 16 October 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$4.34 per share. Is New 90 Day High Low • Nov 20
New 90-day high: AU$4.86 The company is up 31% from its price of AU$3.70 on 21 August 2020. The Australian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Mortgage industry, which is up 38% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$3.80 per share. Recent Insider Transactions • Oct 29
Key Executive recently bought AU$80k worth of stock On the 23rd of October, Miles Hampton bought around 20k shares on-market at roughly AU$3.98 per share. This was the largest purchase by an insider in the last 3 months. This was Miles' only on-market trade for the last 12 months. 
