MYSTATE LIMITED (MYS)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

MYS - MYSTATE LIMITED

FNArena Sector : Banks
Year End: June
GICS Industry Group : Banks
Debt/EBITDA: N/A
Index: ASX300 | ALL-ORDS

MyState is an Australian financial services provider through its brands MyState Bank and TPT Wealth. The company was formed and listed in 2009 following the merger of MyState Financial and TPT Wealth Ltd.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.79

30 Oct
2024

-0.030

OPEN

$3.82

-0.79%

HIGH

$3.82

195,987

LOW

$3.77

TARGET
$4.31 13.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABA . AFG . ANZ . BEN . BOQ . CBA . HLI . NAB . RMC . SUN . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
MYS: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 32.0 31.0 xxx
DPS (cps) xxx 23.0 24.5 xxx
EPS Growth xxx - 9.7% - 3.2% xxx
DPS Growth xxx 0.0% 6.5% xxx
PE Ratio xxx N/A 12.3 xxx
Dividend Yield xxx N/A 6.4% xxx
Div Pay Ratio(%) xxx 71.8% 79.0% xxx

Dividend yield today if purchased 3 years ago: 4.41%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.04

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 22/08 - ex-div 11.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx32.0
DPS All xxxxxxxxxxxxxxx23.0
Sales/Revenue xxxxxxxxxxxxxxx506.8 M
Book Value Per Share xxxxxxxxxxxxxxx420.4
Net Operating Cash Flow xxxxxxxxxxxxxxx31.3 M
Net Profit Margin xxxxxxxxxxxxxxx6.96 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx7.65 %
Return on Invested Capital xxxxxxxxxxxxxxx1.68 %
Return on Assets xxxxxxxxxxxxxxx0.39 %
Return on Equity xxxxxxxxxxxxxxx7.65 %
Return on Total Capital xxxxxxxxxxxxxxx2.07 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx8.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx532 M
Long Term Debt xxxxxxxxxxxxxxx1,780 M
Total Debt xxxxxxxxxxxxxxx2,312 M
Goodwill - Gross xxxxxxxxxxxxxxx65 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx115 M
Price To Book Value xxxxxxxxxxxxxxx0.89

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx12.5 M
Capex % of Sales xxxxxxxxxxxxxxx2.46 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx51 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx808 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

24/10/2024

1

Buy

$4.31

13.72%

The majority of commentary at yesterday's Mystate AGM centered on the merger with Auswide Bank ((ABA)), notes Ord Minnett, and no earnings outlook was provided.

The broker believes the merger will drive a material valuation uplift as management delivers on the potential synergy benefits of $20m-25m per annum. These benefits are not as yet included in Ord Minnett's unchanged $4.31 target price.

The analyst is attracted to the dividend yield on offer and potentially strong earnings growth over the next few years.

The Buy rating is maintained.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 24.50 cents and EPS of 31.00 cents.
Ord Minnett forecasts a full year FY26 dividend of 26.50 cents and EPS of 34.20 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
Access Extra Coverage Research History >

MYS STOCK CHART

FNArena News on MYS

1
Weekly Ratings, Targets, Forecast Changes – 23-08-24

Aug 26 2024 - Weekly Reports
2
FNArena Corporate Results Monitor – 22-08-2024

Aug 22 2024 - Australia
3
Weekly Ratings, Targets, Forecast Changes – 19-07-24

Jul 22 2024 - Weekly Reports
4
Better Value In Smaller Banks?

Jun 03 2024 - Small Caps
5
FNArena Corporate Results Monitor – 26-02-2024

Feb 26 2024 - Australia

Latest Banks News

1
ANZ Bank Shares Look Poised

Oct 29 2024 - Technicals
2
Australian Banks: When The End Of The Trend?

Oct 07 2024 - Feature Stories
3
CBA Shares Find Technical Support

Oct 01 2024 - Technicals
4
June In Review: FY24 Another Double Digit Return

Jul 03 2024 - Australia
5
In Brief: Gas, Gold, Groceries & Aussie Banks

Jun 07 2024 - Weekly Reports
6
Better Value In Smaller Banks?

Jun 03 2024 - Small Caps
7
Australian Banks Post First Half Results: Sugar Hit

May 23 2024 - Feature Stories
8
Rudi’s View: ANZ, AUB, Beach Energy, CSL, Flight Centre & Newmont

May 16 2024 - Rudi's View
9
April In Review: The Bond Market Roared

May 06 2024 - Australia
10
ESG Focus: Governance, Supply Chains, Risks

Apr 29 2024 - ESG Focus