How to buy MyState shares | A$3.69

MyState Limited is a banks—regional business based in Australia. MyState shares (MYS) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $3.69 – a decrease of 1.34% over the previous week. MyState has a trailing 12-month revenue of around $123.9 million.

How to buy shares in MyState

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for MyState. Find the share by name or ticker symbol: MYS. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until MyState reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $3.69, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of MyState. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

MyState share price

Use our graph to track the performance of MYS stocks over time.

MyState shares at a glance

• Key figures

Information last updated 2020-09-25.

Latest market close	AUDA$3.69
52-week range	AUDA$3.15 - AUDA$6.17
50-day moving average	AUDA$3.7861
200-day moving average	AUDA$3.8774
Target price	AUDA$5
PE ratio	11.9903
Dividend yield	AUDA$0.29 (7.77%)
Earnings per share (TTM)	AUDA$0.329

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AUD 8

Standard brokerage - Australian shares

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Competitive broker fees on Australian and international shares

• Brokerage - AU shares: From AUD 5 or 0.05%
• Brokerage - US shares: USD 0
• Sign-up process: Instant
• Support - After hours: Yes

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Important: Share trading carries risk of capital loss.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy MyState stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of MyState Limited by TradingView

MyState price performance over time

Historical closes compared with the close of A$3.69 on 2020-09-28

1 week (2020-09-22)	-1.34%
1 month (2020-08-28)	-4.90%
3 months (2020-06-29)	-6.58%
6 months (2020-03-27)	8.53%

1 year (2019-09-27)	-18.90%
2 years (2018-09-28)	-23.60%
3 years (2017-09-29)	-23.13%
5 years (2015-09-29)	-15.56%

Is MyState under- or over-valued?

Valuing MyState stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of MyState's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

MyState's P/E ratio

MyState's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 12x. In other words, MyState shares trade at around 12x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

MyState financials

Revenue TTM	$123.9 million
Operating margin TTM	34.68%
Gross profit TTM	$123.9 million
Return on assets TTM	0.51%
Return on equity TTM	9.08%
Profit margin	24.25%
Book value	3.634
Market capitalisation	$344.2 million

TTM: trailing 12 months

MyState share dividends

Dividend payout ratio: 87.49% of net profits

Recently MyState has paid out, on average, around 87.49% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 7.77% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), MyState shareholders could enjoy a 7.77% return on their shares, in the form of dividend payments. In MyState's case, that would currently equate to about A$0.29 per share.

MyState's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 27 February 2020 (the "ex-dividend date").

MyState share price volatility

Over the last 12 months, MyState's shares have ranged in value from as little as $3.15 up to $6.17. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while MyState's is 0.5361. This would suggest that MyState's shares are less volatile than average (for this exchange).

MyState overview

MyState Limited, through its subsidiaries, provides a range of financial products and services in Australia. It operates in two segments, Banking and Wealth Management. The company offers banking products and services, including transactional savings accounts; fixed term deposits; insurance products; home loans; personal, overdraft, lines of credit, and commercial products; residential and business banking services; and internet and mobile banking, savings and investment, and other services through its branch networks, digital channels, and third party channels. It also provides trustee services, such as estate planning, estate and trust administration, power of attorney, and corporate trustee services. In addition, the company offers wealth management services, such as managed fund investment, and portfolio administration and advisory services. MyState Limited was founded in 2009 and is based in Hobart, Australia.

Frequently asked questions

• What percentage of MyState is owned by insiders or institutions?

  Currently 6.353% of MyState shares are held by insiders and 13.283% by institutions.

• When does the fiscal year end for MyState?

  MyState's fiscal year ends in June.

• Where is MyState based?

  MyState's address is: 137 Harrington Street, Hobart, TAS, Australia, 7000

• What is MyState's ISIN number?

  MyState's international securities identification number is: AU000000MYS0