MyState Ltd
ASX:MYS
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Price/Deposits
Price to Deposits ratio compares a bank`s market value to the total customer deposits it holds. It reflects how much investors are paying for each dollar of deposits on the bank`s balance sheet.
Price to Deposits ratio compares a bank`s market value to the total customer deposits it holds. It reflects how much investors are paying for each dollar of deposits on the bank`s balance sheet.
Valuation Scenarios
If Price/Deposits returns to its 3-Year Average (0.1), the stock would be worth AU$3.93 (13% downside from current price).
| Scenario | Price/Deposits Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 0.1 | AU$4.53 |
0%
|
| 3-Year Average | 0.1 | AU$3.93 |
-13%
|
| 5-Year Average | 0.1 | AU$4.02 |
-11%
|
| Industry Average | 0.4 | AU$23.6 |
+421%
|
| Country Average | 0.2 | AU$10.55 |
+133%
|
Forward Price/Deposits
Today’s price vs future total deposits
Peer Comparison
| Market Cap | Price/Deposits | P/E | ||||
|---|---|---|---|---|---|---|
| AU |
|
MyState Ltd
ASX:MYS
|
768.7m AUD | 0.1 | 16.4 | |
| US |
|
Rocket Companies Inc
NYSE:RKT
|
43.1B USD | 0 | -634.5 | |
| US |
|
Mr Cooper Group Inc
NASDAQ:COOP
|
13.5B USD | 0 | 23.7 | |
| US |
|
Federal National Mortgage Association
OTC:FNMA
|
8.9B USD | 0 | 985.7 | |
| US |
|
MGIC Investment Corp
NYSE:MTG
|
6.4B USD | 0 | 8.6 | |
| US |
|
Enact Holdings Inc
NASDAQ:ACT
|
6.3B USD | 0 | 9.3 | |
| BM |
|
Essent Group Ltd
NYSE:ESNT
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6.1B USD | 0 | 8.9 | |
| US |
|
UWM Holdings Corp
NYSE:UWMC
|
5.8B USD | 0 | 213.3 | |
| US |
|
Axos Financial Inc
NYSE:AX
|
5.6B USD | 0.2 | 12.3 | |
| US |
|
Radian Group Inc
NYSE:RDN
|
4.9B USD | 0 | 8.4 | |
| US |
|
PennyMac Financial Services Inc
NYSE:PFSI
|
4.7B USD | 0 | 9.5 |
Market Distribution
| Min | 0 |
| 30th Percentile | 0.1 |
| Median | 0.2 |
| 70th Percentile | 0.3 |
| Max | 0.4 |
Other Multiples
MyState Ltd
Glance View
MyState Ltd. is a holding company, which engages in the provision of diversified financial services. The company is headquartered in Hobart, Tasmania. The company went IPO on 2009-09-10. The firm's segments include: Banking division and Wealth Management division. Banking division's product offerings include home loans, personal loans, overdraft, line of credit and commercial products, transactional savings accounts, and fixed term deposits and insurance products. Wealth Management division is a provider of funds management and trustee services. Its banking services include transactional and Internet banking, insurance and other alliances, savings and investments, personal and business lending, and business banking and agribusiness. its trustee services include estate planning, estate and trust administration, power of attorney, and corporate and custodial trustee. Its wealth management include managed fund investments, portfolio administration services and portfolio advisory services. MyState Bank and TPT Wealth are its retail brands.
