MyState Ltd MYS

Stock XASX Rating as of Oct 1, 2026

A$4.92 +0.04 (0.82%)

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As of Oct 2, 2026, 4:19:01 AM Delayed Price Open

Company Report

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MyState Earnings: Profit Surges as Auswide Acquisition Takes Effect

Nathan Zaia, Alex Anderson Aug 25, 2026

MyState's fiscal 2026 profit increased 41% to AUD 58 million, supported by the Auswide Bank merger. Net interest margin improved to 1.5% on 7% loan growth. A final fully franked dividend of AUD 12.5 cents per share brings the total for the year to AUD 24.5 cps. Shares rose 8% on the result.

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Price vs Fair Value

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MYS is trading at a LOCK|R%?@w% premium.

Price

A$4.88

Oct 1, 2026

Fair Value

B.r

Jun 19, 2026

Uncertainty

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1-Star Price: LOCK|kBl
5-Star Price: LOCK|<$@
Economic Moat: LOCK|ZQ
Capital Allocation: LOCK|vSt?^ZB

Bulls Say, Bears Say

Bulls

Low credit costs associated with mortgages provide more consistent earnings in comparison to larger, more diversified lenders.

Bears

MyState struggles to compete with the four major banks because of their size, dominant brands, pricing power, cost advantages, market presence, and distribution capability.

Trading Information

Previous Close Price: A$4.88
Day Range: A$4.89–4.94
52-Week Range: A$4.15–5.25
Bid/Ask: A$4.92 / A$4.93
Shares Outstanding: 171.07M
Market Cap: A$841.68M
Volume/Avg: 68,327 / 188,014

Key Statistics

Price/Earnings (Normalized): 15.85
Price/Sales: 3.61
Dividend Yield (Trailing): 5.02%
Dividend Yield (Forward): 5.12%
Dividend Payment Schedule: Mar, Sep
Total Yield: 5.03%

Company Profile

MyState Limited is a Tasmania-based financial company that provides banking, trustee, and funds management services. The company generates the vast majority of its profit from its banking business, which provides a range of financial services including home and personal loans, credit and debit cards, and equipment finance. Home loans account for the vast majority of its loan book. The funds management segment provides trustee and funds management services through the subsidiary TPT Wealth.

Sector: Financial Services
Industry: Banks - Regional
Stock Style Box: Small Core
Total Number of Employees: —
Website: https://www.mystatelimited.com.au

Competitors

Valuation

Metric	MYS	BEN	CBA
Price/Earnings (Normalized)	15.85	11.52	22.55
Price/Book Value	1.10	0.86	3.18
Price/Sales	3.61	3.27	8.38
Price/Cash Flow	—	7.17	—

Price/Earnings

MYS

BEN

CBA

Financial Strength

Metric	MYS	BEN	CBA
Quick Ratio	—	—	—
Current Ratio	—	—	—
Interest Coverage	—	—	—

Quick Ratio

No chart available

Profitability

Metric	MYS	BEN	CBA
Return on Assets (Normalized)	0.39%	0.51%	0.78%
Return on Equity (Normalized)	8.01%	7.93%	14.04%
Return on Invested Capital (Normalized)	—	—	—

Return on Assets

MYS

BEN

CBA

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