Financials MyState Limited

Equities

Delayed Australian S.E. Other stock markets 08:18:16 2024-05-01 pm EDT			5-day change	1st Jan Change
3.545 ^AUD	+1.29%		-2.61%	+12.90%

Feb. 23	MyState Posts Lower H1 FY24 Profit, Revenue	MT
Feb. 23	Transcript : MyState Limited, H1 2024 Earnings Call, Feb 23, 2024

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	408.8	361.6	492.7	432.1	347.4	387.1	-	-
Enterprise Value (EV) ¹	408.8	361.6	492.7	432.1	347.4	387.1	387.1	387.1
P/E ratio	13.1 x	12 x	11.9 x	13.4 x	10.3 x	11.8 x	10.6 x	9.33 x
Yield	6.4%	3.63%	5.45%	5.88%	7.26%	6.57%	6.79%	7.5%
Capitalization / Revenue	3.39 x	2.81 x	3.56 x	3.08 x	2.17 x	2.52 x	2.33 x	2.11 x
EV / Revenue	3.39 x	2.81 x	3.56 x	3.08 x	2.17 x	2.52 x	2.33 x	2.11 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.25 x	1.08 x	1.53 x	1.01 x	0.76 x	0.96 x	0.85 x	0.9 x
Nbr of stocks (in thousands)	91,041	92,009	105,275	105,905	109,594	110,601	-	-
Reference price ²	4.490	3.930	4.680	4.080	3.170	3.500	3.500	3.500
Announcement Date	8/22/19	8/20/20	8/19/21	8/14/22	8/17/23	-	-	-

¹AUD in Million²AUD

Estimates

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	120.4	128.9	138.5	140.2	160.4	153.8	166.1	183
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	42.42	47.91	53.62	44.29	57.73	52	57	66.6
Operating Margin	35.23%	37.18%	38.71%	31.59%	35.99%	33.81%	34.32%	36.39%
Earnings before Tax (EBT) ¹	42.62	42.99	52.06	45.9	55.18	49.73	55.16	63.27
Net income ¹	30.99	30.06	36.34	32.03	38.5	34.82	38.62	44.3
Net margin	25.73%	23.33%	26.24%	22.85%	24.01%	22.64%	23.26%	24.2%
EPS ²	0.3417	0.3286	0.3918	0.3034	0.3085	0.2963	0.3295	0.3753
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.2875	0.1425	0.2550	0.2400	0.2300	0.2300	0.2375	0.2625
Announcement Date	8/22/19	8/20/20	8/19/21	8/14/22	8/17/23	-	-	-

¹AUD in Million²AUD

Estimates

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	9.7%	9.2%	10.3%	7.58%	8.7%	7.75%	8.21%	9.1%
ROA (Net income/ Total Assets)	0.57%	0.51%	0.6%	0.44%	0.45%	0.4%	0.4%	0.45%
Assets ¹	5,440	5,904	6,023	7,312	8,602	8,705	9,656	9,844
Book Value Per Share ²	3.600	3.630	3.060	4.060	4.180	3.630	4.120	3.880
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	8/22/19	8/20/20	8/19/21	8/14/22	8/17/23	-	-	-

¹AUD in Million²AUD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3.5 AUD

Average target price

4.375 AUD

Spread / Average Target

+25.00%

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