MYSTATE LIMITED (MYS)
Share Price Analysis and Chart

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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

$3.13

22 Sep
2023

0.050

OPEN

$3.08

1.62%

HIGH

$3.15

125,448

LOW

$3.07

TARGET
$5.00 59.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABA . AFG . ANZ . BEN . BOQ . CBA . HLI . NAB . RMC . SUN . VUK . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
MYS: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 35.5 35.4 xxx
DPS (cps) xxx 23.0 23.0 xxx
EPS Growth xxx 16.8% - 0.1% xxx
DPS Growth xxx - 4.2% 0.0% xxx
PE Ratio xxx N/A 8.8 xxx
Dividend Yield xxx N/A 7.3% xxx
Div Pay Ratio(%) xxx 64.9% 65.0% xxx

Dividend yield today if purchased 3 years ago: 6.15%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.35

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: 23/08 - ex-div 11.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx35.5
DPS All xxxxxxxxxxxxxxx23.0
Sales/Revenue xxxxxxxxxxxxxxx380.8 M
Book Value Per Share xxxxxxxxxxxxxxx417.5
Net Operating Cash Flow xxxxxxxxxxxxxxx51.2 M
Net Profit Margin xxxxxxxxxxxxxxx10.11 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx8.68 %
Return on Invested Capital xxxxxxxxxxxxxxx2.26 %
Return on Assets xxxxxxxxxxxxxxx0.45 %
Return on Equity xxxxxxxxxxxxxxx8.68 %
Return on Total Capital xxxxxxxxxxxxxxx1.06 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx38.3 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx496 M
Long Term Debt xxxxxxxxxxxxxxx1,493 M
Total Debt xxxxxxxxxxxxxxx1,989 M
Goodwill - Gross xxxxxxxxxxxxxxx65 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx128 M
Price To Book Value xxxxxxxxxxxxxxx0.76

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx5.2 M
Capex % of Sales xxxxxxxxxxxxxxx1.36 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx54 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx937 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

0.5

No. Of Recommendations

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

Ord Minnett

21/08/2023

2

Accumulate

$5.00

59.74%

FY23 cash net profit increased 20% yet Mystate's result missed Ord Minnett's expectations. The funding cost disadvantage to major banks was more pronounced than anticipated.

Competition for customer deposits is expected to remain high as banks replace the term funding facility, but the broker expects a reprieve on home lending rates as the industry looks to improve returns.

Ord Minnett moves FY24 forecasts down in line with guidance for flat earnings. The main driver is margin weakness and the broker lowers net interest margin forecasts to 1.55% although expects a gradual improvement by FY26, to 1.65%. Accumulate rating and $5 target.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 23.00 cents and EPS of 35.40 cents.
Ord Minnett forecasts a full year FY25 dividend of 24.80 cents and EPS of 38.10 cents.
Access Stockbroker Research History >

MYS STOCK CHART

FNArena News on MYS

1
FNArena Corporate Results Monitor – 21-08-2023

Aug 21 2023 - Australia
2
Weekly Ratings, Targets, Forecast Changes – 05-05-23

May 08 2023 - Weekly Reports
3
FNArena Corporate Results Monitor – 24-02-2023

Feb 24 2023 - Australia
4
Small Cap Reporting Season Highlights

Aug 31 2022 - Small Caps
5
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May 27 2021 - Weekly Reports

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