Mystate Limited (AU:MYS)
ASX:MYS
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Mystate Limited
(Sydney:MYS)
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Rating:53Neutral
Price Target:
AU$4.50
▲(0.22% Upside)
Action:ReiteratedDate:12/30/25
The score is held back primarily by weakened financial performance, driven by the sharp FY2025 revenue decline and the swing to significantly negative operating/free cash flow. Technicals are moderately positive with the stock trading above major moving averages, and valuation is reasonable with a supportive dividend yield, but these factors do not fully offset the latest-period cash flow and revenue risks.
Positive Factors
Strategic Integration
The integration with Auswide Bank under a single banking license is expected to generate $20-$25 million in annual pre-tax synergies, enhancing operational efficiency and competitive positioning in the regional banking market.
Negative Factors
Revenue Decline
The significant revenue decline in FY2025 raises concerns about MyState's ability to maintain earnings durability and market competitiveness, potentially impacting long-term growth prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic Integration
The integration with Auswide Bank under a single banking license is expected to generate $20-$25 million in annual pre-tax synergies, enhancing operational efficiency and competitive positioning in the regional banking market.
Read all positive factors
Mystate Limited (MYS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$790.74M
Dividend Yield4.63%
Average Volume (3M)250.95K
Price to Earnings (P/E)7.1
Beta (1Y)0.87
Revenue Growth26.01%
EPS Growth-17.55%
CountryAU
Employees292
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.17
Shares Outstanding170,418,990
10 Day Avg. Volume184,177
30 Day Avg. Volume250,952
Financial Highlights & Ratios
PEG Ratio-0.95
Price to Book (P/B)0.86
Price to Sales (P/S)3.41
P/FCF Ratio-2.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$5.42Price Target Upside20.71% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.32
Revenue Forecast (FY)AU$270.80M
Mystate Limited Business Overview & Revenue Model
Company Description
MyState Limited, through its subsidiaries, provides banking, trustee, and managed fund products and services in Australia. The company operates through two segments, Banking and Wealth Management. It offers personal and commercial lending, mortgag...
How the Company Makes Money
Mystate Limited generates revenue primarily through interest income on loans and credit products offered to its banking customers. The company earns interest on these financial products, which constitutes a significant portion of its income. Addit...
Mystate Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
49
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 496.59M | 186.16M | 504.93M | 380.76M | 189.67M | 190.91M |
| Gross Profit | 226.57M | 186.16M | 149.34M | 157.84M | 139.10M | 139.51M |
| EBITDA | 77.73M | 60.74M | 61.26M | 62.26M | 50.55M | 63.22M |
| Net Income | 46.93M | 35.56M | 35.29M | 38.50M | 32.03M | 36.34M |
Balance Sheet | ||||||
| Total Assets | 15.36B | 15.28B | 9.17B | 9.12B | 8.08B | 6.54B |
| Cash, Cash Equivalents and Short-Term Investments | 267.84M | 0.00 | 967.94M | 127.78M | 119.22M | 80.27M |
| Total Debt | 4.32B | 2.01B | 2.25B | 1.99B | 7.63B | 6.11B |
| Total Liabilities | 14.61B | 14.54B | 8.70B | 8.67B | 7.65B | 6.13B |
| Stockholders Equity | 744.06M | 736.01M | 464.94M | 457.56M | 429.91M | 415.21M |
Cash Flow | ||||||
| Free Cash Flow | -215.84M | -255.92M | 18.88M | 46.02M | 38.10M | 33.96M |
| Operating Cash Flow | -111.13M | -254.90M | 31.34M | 51.20M | 43.15M | 38.74M |
| Investing Cash Flow | -382.11M | 88.92M | -12.46M | -1.00B | -1.50B | -491.00M |
| Financing Cash Flow | 199.60M | 373.05M | -22.39M | 957.38M | 1.49B | 416.02M |
Mystate Limited Technical Analysis
Positive
4.49
Price Trends
4.46
Positive
4.42
Positive
4.30
Positive
Market Momentum
0.01
Negative
58.17
Neutral
81.76
Negative
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 4.49 is above the 20-day moving average (MA) of 4.39, above the 50-day MA of 4.46, and above the 200-day MA of 4.30, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 58.17 is Neutral, neither overbought nor oversold. The STOCH value of 81.76 is Negative, 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% | |
57 Neutral | AU$6.56B | 6.45 | -1.25% | 5.99% | 5.39% | -117.83% | |
56 Neutral | AU$1.65B | 8.08 | 6.18% | ― | 16.78% | 22.86% | |
53 Neutral | AU$790.74M | 7.11 | 6.34% | 4.63% | 26.01% | -17.55% | |
51 Neutral | AU$29.70M | 20.55 | 1.13% | ― | -7.19% | ― | |
47 Neutral | AU$4.87B | -30.45 | 2.22% | 5.77% | 2.16% | -53.33% |
* Financial Sector Average
AU:MYS
Mystate Limited
4.64
1.14
32.61%
AU:BOQ
Bank of Queensland
7.40
1.16
18.59%
AU:BEN
Bendigo & Adelaide Bank
11.34
1.56
15.96%
AU:BBC
BNK Banking Corporation Limited
0.25
-0.01
-3.85%
AU:JDO
Judo Capital Holdings Limited
1.48
-0.23
-13.74%
AU:BFL
BSP Financial Group Ltd.
8.00
1.01
14.48%
Mystate Limited Corporate Events
MyState Limited Announces Retirement of Director Greg Kenny
Dec 17, 2025
MyState Limited announced the retirement of independent non-executive director Greg Kenny, effective February 19, 2026. Greg Kenny has been a significant figure in the company’s transition following the merger with Auswide Bank, contributing...
MyState Limited Achieves Key Integration Milestone with Auswide Bank
Nov 28, 2025
MyState Limited has achieved a significant integration milestone by merging with Auswide Bank Ltd, resulting in both banks operating under a single banking licence. This strategic move, approved by the Australian Prudential Regulation Authority, i...
MyState Limited Announces Successful AGM Outcomes
Oct 21, 2025
MyState Limited announced the results of its 2025 Annual General Meeting, where all resolutions were carried by significant majorities. The resolutions included the appointment of an auditor, the election and re-election of directors, and the appr...
MyState Limited Corrects Director’s Securities Holding Record
Oct 15, 2025
MyState Limited has issued an amendment to its Appendix 3Y to correct an error regarding the number of securities held by Director Jacqueline Korhonen prior to a recent change. The correction updates the number from ‘Nil’ to ‘5,7...
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.