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Mystate Limited
(Sydney:MYS)
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Rating:65Neutral
Price Target:
AU$5.50
▲(10.89% Upside)
Action:Reiterated
Date:08/26/26
The score is held back primarily by balance sheet risk (high and rising leverage) and uneven cash flow consistency despite improving recent cash generation. Offsetting this, technicals are strong with a clear multi-timeframe uptrend and supportive momentum, and valuation is fair with a solid dividend yield and a moderate P/E.
Positive Factors
Strong Revenue Growth
Rapid top-line expansion indicates stronger business activity and product adoption. If maintained, this growth can support continued earnings generation and improve operating scale across Mystate's banking and financial-services activities.
Negative Factors
Elevated and Rising Leverage
A highly leveraged capital structure increases sensitivity to funding costs, credit losses and economic downturns. It can constrain financial flexibility and make future growth more dependent on stable funding and benign credit conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Rapid top-line expansion indicates stronger business activity and product adoption. If maintained, this growth can support continued earnings generation and improve operating scale across Mystate's banking and financial-services activities.
Read all positive factors
Mystate Limited (MYS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$838.26M
Dividend Yield5%
Average Volume (3M)231.28K
Price to Earnings (P/E)14.8
Beta (1Y)0.90
Revenue Growth26.81%
EPS Growth25.38%
CountryAU
Employees541
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.33
Shares Outstanding171,073,150
10 Day Avg. Volume148,866
30 Day Avg. Volume231,276
Financial Highlights & Ratios
PEG Ratio0.52
Price to Book (P/B)1.03
Price to Sales (P/S)0.98
P/FCF Ratio9.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$5.71Price Target Upside15.12% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.36
Revenue Forecast (FY)AU$274.50M
Mystate Limited Business Overview & Revenue Model
Company Description
MyState Limited, through its subsidiaries, provides banking, trustee, equipment finance, and managed fund products and services in Australia. It operates in three segments: MyState Bank, Auswide Bank, and Wealth Management Division. The company of...
How the Company Makes Money
Mystate Limited primarily makes money through its banking operations by earning net interest income (the difference between interest earned on lending products—such as home loans—and interest paid on customer deposits and other funding). It also e...
Mystate Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
44
Neutral
Cash Flow
51
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 796.95M | 186.16M | 504.93M | 380.76M | 189.67M |
| Gross Profit | 238.96M | 186.16M | 149.34M | 157.84M | 139.10M |
| EBITDA | 86.00M | 69.43M | 61.26M | 62.26M | 50.55M |
| Net Income | 56.19M | 35.56M | 35.29M | 38.50M | 32.03M |
Balance Sheet | |||||
| Total Assets | 16.10B | 15.28B | 9.17B | 9.12B | 8.08B |
| Cash, Cash Equivalents and Short-Term Investments | 245.49M | 321.62M | 967.94M | 127.78M | 119.22M |
| Total Debt | 3.79B | 2.01B | 2.25B | 1.99B | 7.63B |
| Total Liabilities | 15.34B | 14.54B | 8.70B | 8.67B | 7.65B |
| Stockholders Equity | 756.58M | 736.01M | 464.94M | 457.56M | 429.91M |
Cash Flow | |||||
| Free Cash Flow | 81.47M | -255.92M | 18.88M | 46.02M | 38.10M |
| Operating Cash Flow | 90.10M | -254.90M | 31.34M | 51.20M | 43.15M |
| Investing Cash Flow | -889.31M | 88.92M | -12.46M | -1.00B | -1.50B |
| Financing Cash Flow | 725.93M | 373.05M | -22.39M | 957.38M | 1.49B |
Mystate Limited Technical Analysis
Positive
4.96
Price Trends
4.80
Positive
4.64
Positive
4.51
Positive
Market Momentum
0.04
Positive
53.50
Neutral
54.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MYS, the sentiment is Positive. The current price of 4.96 is above the 20-day moving average (MA) of 4.87, above the 50-day MA of 4.80, and above the 200-day MA of 4.51, indicating a bullish trend. The MACD of 0.04 indicates Positive momentum. The RSI at 53.50 is Neutral, neither overbought nor oversold. The STOCH value of 54.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MYS.
Mystate Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | AU$838.26M | 14.85 | 7.49% | 5.00% | 26.81% | 25.38% | |
60 Neutral | AU$775.19M | 7.19 | 12.29% | 8.70% | -0.65% | 8.02% | |
56 Neutral | AU$980.63M | 6.87 | 12.12% | 15.24% | -3.49% | 7.16% | |
55 Neutral | AU$5.93B | 15.45 | 5.61% | 6.18% | -5.79% | ― | |
50 Neutral | AU$826.59M | 7.57 | 8.74% | 13.21% | 4.20% | 85.51% | |
45 Neutral | AU$4.26B | 42.58 | 1.66% | 6.03% | -4.72% | -67.75% |
* Financial Sector Average
AU:MYS
Mystate Limited
4.90
0.69
16.44%
AU:BOQ
Bank of Queensland
6.48
-0.19
-2.79%
AU:BEN
Bendigo & Adelaide Bank
10.20
-2.18
-17.63%
AU:PPM
Pepper Money Ltd
1.73
-0.09
-4.91%
AU:LFS
Latitude Group Holdings Ltd.
0.80
-0.23
-22.67%
AU:LFG
Liberty Financial Group Ltd
3.23
-0.62
-15.99%
Mystate Limited Corporate Events
MyState Maps Out Key FY2027 Dividend and Results Timetable
Aug 25, 2026
MyState Limited has released its key financial, dividend and corporate calendar dates for the FY2027 year, outlining the schedule for final and interim dividend events and related governance milestones. The timetable includes record and payment da...
Mystate Limited Performance Rights Lapse Adjusts Issued Capital
Aug 25, 2026
Mystate Limited has reported the cessation of 150,029 performance rights, which lapsed after the conditions attached to these securities were not met or became incapable of being satisfied. The lapse reduces the company’s outstanding conditi...
MyState posts strong FY26 profit as integration and higher-margin businesses boost earnings
Aug 24, 2026
MyState Limited operates as a diversified banking and financial services group, offering retail banking, home lending, equipment finance through its Selfco business, and wealth management via TPT Wealth. The group focuses on consumer and business ...
Mystate Declares Interim Dividend and Sets Timetable
Aug 24, 2026
Mystate Limited has declared an ordinary interim dividend of AUD 0.125 per fully paid share for the six-month period ended 30 June 2026. The stock will trade ex-dividend on 28 August 2026, with a record date of 31 August and payment scheduled for ...
MyState Limited Sets Date for FY26 Results and Investor Call
Aug 12, 2026
MyState Limited will release its full-year FY26 financial results on Tuesday, 25 August 2026, underscoring its ongoing disclosure commitments as an ASX-listed financial services group. The company will host an investor teleconference the same day,...
MyState Director Sandra Birkensleigh Steps Down, Residual Shareholding Disclosed
Jul 1, 2026
MyState Limited has announced that non-executive director Sandra Christine Birkensleigh has stepped down from the board effective 30 June 2026, as disclosed in a Final Director’s Interest Notice to the ASX. The filing records that Birkenslei...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.