Mystate Ltd
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 offers savings accounts and fixed term deposits; home loans, personal, overdraft, line of credit, and commercial products; and insurance products. It also… Read more
Mystate Ltd (MYS) - Net Assets
Latest net assets as of June 2025: AU$736.01 Million AUD
Based on the latest financial reports, Mystate Ltd (MYS) has net assets worth AU$736.01 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$15.28 Billion) and total liabilities (AU$14.54 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$736.01 Million |
| % of Total Assets | 4.82% |
| Annual Growth Rate | 15.75% |
| 5-Year Change | 77.26% |
| 10-Year Change | 145.64% |
| Growth Volatility | 31.65 |
Mystate Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Mystate Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mystate Ltd (2007–2025)
The table below shows the annual net assets of Mystate Ltd from 2007 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$736.01 Million | +58.30% |
| 2024-06-30 | AU$464.94 Million | +1.61% |
| 2023-06-30 | AU$457.56 Million | +6.43% |
| 2022-06-30 | AU$429.91 Million | +3.54% |
| 2021-06-30 | AU$415.21 Million | +24.20% |
| 2020-06-30 | AU$334.32 Million | +2.08% |
| 2019-06-30 | AU$327.50 Million | +2.13% |
| 2018-06-30 | AU$320.66 Million | +3.14% |
| 2017-06-30 | AU$310.90 Million | +3.76% |
| 2016-06-30 | AU$299.63 Million | +2.21% |
| 2015-06-30 | AU$293.14 Million | +2.62% |
| 2014-06-30 | AU$285.65 Million | +2.12% |
| 2013-06-30 | AU$279.71 Million | +2.13% |
| 2012-06-30 | AU$273.88 Million | +33.86% |
| 2011-06-30 | AU$204.60 Million | +3.13% |
| 2010-06-30 | AU$198.39 Million | +54.53% |
| 2009-06-30 | AU$128.38 Million | +6.81% |
| 2008-06-30 | AU$120.20 Million | +127.17% |
| 2007-06-30 | AU$52.91 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mystate Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 356.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$241.00 Million | 32.74% |
| Common Stock | AU$493.24 Million | 67.02% |
| Other Comprehensive Income | AU$1.77 Million | 0.24% |
| Total Equity | AU$736.01 Million | 100.00% |
Mystate Ltd Competitors by Market Cap
The table below lists competitors of Mystate Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Puyang Huicheng Electronic Material Co Ltd
SHE:300481
|
$427.24 Million |
|
Beijing Chunlizhengda Medical Instruments Co Ltd
SHG:688236
|
$427.25 Million |
|
GoGold Resources Inc.
OTCQX:GLGDF
|
$427.26 Million |
|
Bloomin Brands Inc
NASDAQ:BLMN
|
$427.27 Million |
|
SUNeVision Holdings Ltd
STU:VI6
|
$427.12 Million |
|
Kaufman Et Broad
PA:KOF
|
$426.76 Million |
|
JustSystems Corporation
F:JSY
|
$426.67 Million |
|
Beijing Dynamic Power Co Ltd
SHG:600405
|
$426.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mystate Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 464,937,000 to 736,009,000, a change of 271,072,000 (58.3%).
- Net income of 35,558,000 contributed positively to equity growth.
- Dividend payments of 27,710,000 reduced retained earnings.
- Share repurchases of 214,000 reduced equity.
- Other comprehensive income decreased equity by 1,063,000.
- Other factors increased equity by 264,501,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$35.56 Million | +4.83% |
| Dividends Paid | AU$27.71 Million | -3.76% |
| Share Repurchases | AU$214.00K | -0.03% |
| Other Comprehensive Income | AU$-1.06 Million | -0.14% |
| Other Changes | AU$264.50 Million | +35.94% |
| Total Change | AU$- | 58.30% |
Book Value vs Market Value Analysis
This analysis compares Mystate Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.96x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.95x to 0.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-06-30 | AU$2.21 | AU$4.31 | x |
| 2011-06-30 | AU$2.28 | AU$4.31 | x |
| 2012-06-30 | AU$3.05 | AU$4.31 | x |
| 2013-06-30 | AU$3.11 | AU$4.31 | x |
| 2014-06-30 | AU$3.18 | AU$4.31 | x |
| 2015-06-30 | AU$3.36 | AU$4.31 | x |
| 2016-06-30 | AU$3.33 | AU$4.31 | x |
| 2017-06-30 | AU$3.52 | AU$4.31 | x |
| 2018-06-30 | AU$3.56 | AU$4.31 | x |
| 2019-06-30 | AU$3.56 | AU$4.31 | x |
| 2020-06-30 | AU$3.60 | AU$4.31 | x |
| 2021-06-30 | AU$4.48 | AU$4.31 | x |
| 2022-06-30 | AU$4.07 | AU$4.31 | x |
| 2023-06-30 | AU$3.31 | AU$4.31 | x |
| 2024-06-30 | AU$3.32 | AU$4.31 | x |
| 2025-06-30 | AU$4.47 | AU$4.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mystate Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.10%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 20.76x
- Recent ROE (4.83%) is below the historical average (8.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 8.40% | 7.78% | 0.08x | 13.49x | AU$-2.06 Million |
| 2010 | 8.74% | 18.67% | 0.05x | 10.38x | AU$-2.50 Million |
| 2011 | 10.76% | 21.54% | 0.05x | 10.98x | AU$1.56 Million |
| 2012 | 8.54% | 20.36% | 0.03x | 13.35x | AU$-4.00 Million |
| 2013 | 10.17% | 23.57% | 0.03x | 12.98x | AU$486.60K |
| 2014 | 10.35% | 24.97% | 0.03x | 12.45x | AU$1.01 Million |
| 2015 | 11.09% | 26.11% | 0.03x | 13.92x | AU$3.20 Million |
| 2016 | 9.46% | 23.19% | 0.03x | 14.74x | AU$-1.63 Million |
| 2017 | 9.68% | 24.18% | 0.03x | 15.79x | AU$-1.01 Million |
| 2018 | 9.81% | 26.11% | 0.02x | 16.12x | AU$-605.20K |
| 2019 | 9.46% | 25.69% | 0.02x | 17.44x | AU$-1.76 Million |
| 2020 | 8.99% | 13.81% | 0.04x | 18.23x | AU$-3.37 Million |
| 2021 | 8.75% | 19.04% | 0.03x | 15.76x | AU$-5.18 Million |
| 2022 | 7.45% | 16.88% | 0.02x | 18.79x | AU$-10.97 Million |
| 2023 | 8.41% | 10.11% | 0.04x | 19.94x | AU$-7.25 Million |
| 2024 | 7.59% | 6.99% | 0.06x | 19.72x | AU$-11.20 Million |
| 2025 | 4.83% | 19.10% | 0.01x | 20.76x | AU$-38.04 Million |
Industry Comparison
This section compares Mystate Ltd's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $5,188,940,904
- Average return on equity (ROE) among peers: 2.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mystate Ltd (MYS) | AU$736.01 Million | 8.40% | 19.76x | $427.20 Million |
| Auswide Bank Ltd (ABA) | $79.81 Million | 0.07% | 9.55x | $125.43 Million |
| BNK Banking Corporation Ltd (BBC) | $220.87 Million | -0.18% | 0.00x | $11.38 Million |
| Bendigo and Adelaide Bank Ltd (BEN) | $288.36 Million | 7.39% | 16.04x | $3.48 Billion |
| BSP Financial Group Ltd (BFL) | $29.94 Billion | 3.59% | 0.02x | $1.53 Billion |
| Bank of Queensland Ltd (BOQ) | $66.21 Million | 10.91% | 0.95x | $2.79 Billion |
| Judo Capital Holdings Ltd (JDO) | $543.02 Million | -9.36% | 3.50x | $883.94 Million |