Mystate Ltd (MYS) - Net Assets

Latest as of June 2025: AU$736.01 Million AUD ≈ $520.77 Million USD

Based on the latest financial reports, Mystate Ltd (MYS) has net assets worth AU$736.01 Million AUD (≈ $520.77 Million USD) 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 ≈ $10.81 Billion USD) and total liabilities (AU$14.54 Billion ≈ $10.29 Billion USD). 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. Check asset resilience ratio of Mystate Ltd to evaluate the company's liquid asset resilience ratio.

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. Also explore how large is Mystate Ltd's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Mystate Ltd (2007–2025)

The table below shows the annual net assets of Mystate Ltd from 2007 to 2025. For live valuation and market cap data, see market cap of Mystate Ltd.

Year	Net Assets	Change
2025-06-30	AU$736.01 Million ≈ $520.77 Million	+58.30%
2024-06-30	AU$464.94 Million ≈ $328.97 Million	+1.61%
2023-06-30	AU$457.56 Million ≈ $323.75 Million	+6.43%
2022-06-30	AU$429.91 Million ≈ $304.19 Million	+3.54%
2021-06-30	AU$415.21 Million ≈ $293.79 Million	+24.20%
2020-06-30	AU$334.32 Million ≈ $236.55 Million	+2.08%
2019-06-30	AU$327.50 Million ≈ $231.73 Million	+2.13%
2018-06-30	AU$320.66 Million ≈ $226.89 Million	+3.14%
2017-06-30	AU$310.90 Million ≈ $219.98 Million	+3.76%
2016-06-30	AU$299.63 Million ≈ $212.01 Million	+2.21%
2015-06-30	AU$293.14 Million ≈ $207.42 Million	+2.62%
2014-06-30	AU$285.65 Million ≈ $202.11 Million	+2.12%
2013-06-30	AU$279.71 Million ≈ $197.91 Million	+2.13%
2012-06-30	AU$273.88 Million ≈ $193.79 Million	+33.86%
2011-06-30	AU$204.60 Million ≈ $144.77 Million	+3.13%
2010-06-30	AU$198.39 Million ≈ $140.37 Million	+54.53%
2009-06-30	AU$128.38 Million ≈ $90.84 Million	+6.81%
2008-06-30	AU$120.20 Million ≈ $85.05 Million	+127.17%
2007-06-30	AU$52.91 Million ≈ $37.44 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
Mühlbauer Holding AG XETRA:MUB	$562.00 Million
LX Semicon Co. Ltd KQ:108320	$562.13 Million
POSCO M-TECH Co. Ltd KQ:009520	$562.16 Million
Zhejiang Zoenn Design Co Ltd SHE:300901	$562.26 Million
Raydium Semi-Conductor TW:3592	$561.62 Million
Empresa Distribuidora y Comercializadora Norte S.A. BA:EDN	$561.39 Million
Yingde Greatchem Chemicals Co. Ltd. A SHE:300804	$560.92 Million
COOR Service Management AB ST:COOR	$560.84 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: 1.05x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 2.12x to 1.05x 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$4.68	x
2011-06-30	AU$2.28	AU$4.68	x
2012-06-30	AU$3.05	AU$4.68	x
2013-06-30	AU$3.11	AU$4.68	x
2014-06-30	AU$3.18	AU$4.68	x
2015-06-30	AU$3.36	AU$4.68	x
2016-06-30	AU$3.33	AU$4.68	x
2017-06-30	AU$3.52	AU$4.68	x
2018-06-30	AU$3.56	AU$4.68	x
2019-06-30	AU$3.56	AU$4.68	x
2020-06-30	AU$3.60	AU$4.68	x
2021-06-30	AU$4.48	AU$4.68	x
2022-06-30	AU$4.07	AU$4.68	x
2023-06-30	AU$3.31	AU$4.68	x
2024-06-30	AU$3.32	AU$4.68	x
2025-06-30	AU$4.47	AU$4.68	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: $5,773,851,800
Average return on equity (ROE) among peers: 10.82%

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	$561.90 Million
BNK Banking Corporation Ltd (BBC)	$190.38 Million	31.40%	6.54x	$20.59 Million
Bendigo and Adelaide Bank Ltd (BEN)	$288.36 Million	7.39%	16.04x	$4.30 Billion
BSP Financial Group Ltd (BFL)	$24.41 Billion	3.65%	0.00x	$2.73 Billion
Bank of Queensland Ltd (BOQ)	$66.21 Million	10.91%	0.95x	$3.09 Billion
Judo Capital Holdings Ltd (JDO)	$3.91 Billion	0.74%	0.91x	$1.15 Billion

About Mystate Ltd

AU:MYS Australia Banks - Regional

Market Cap

$561.90 Million

AU$794.14 Million AUD

Market Cap Rank

#11936 Global

#300 in Australia

Share Price

AU$4.68

Change (1 day)

+1.52%

52-Week Range

AU$3.86 - AU$4.91

All Time High

AU$4.91