Author: admin

Overview: MyState Limited operates in Australia, offering banking, trustee, equipment finance, and managed fund products and services through its subsidiaries, with a market capitalization of A$736.44 million.

Operations: MyState Limited generates revenue primarily from its MyState Bank segment, contributing A$140.27 million, and also earns from Wealth Management at A$14.82 million and Auswide Bank (including Selfco) at A$30.98 million. The net profit margin provides insight into the company’s profitability relative to total revenue streams across its segments.

With total assets of A$15.3B and equity at A$736M, MyState stands out in the banking sector with a focus on low-risk funding sources, as 76% of liabilities are customer deposits. The bank’s total loans amount to A$13.2B, with an appropriate bad loan ratio of 0.7%, but it has a low allowance for these loans at 14%. Earnings grew by 0.8% last year, surpassing the industry average, and future growth is projected at an impressive 16.2% annually. However, significant shareholder dilution occurred recently despite promising merger synergies and digital upgrades enhancing operational efficiency and user experience.

Simply Wall St Value Rating: ★★★★★★

Overview: SHAPE Australia Corporation Limited, along with its subsidiaries, operates in the construction, fitout, and refurbishment sector for commercial properties across Australia with a market cap of A$533.59 million.

Operations: SHAPE Australia’s primary revenue stream is from its heavy construction segment, generating A$956.87 million. The company’s market cap stands at A$533.59 million.

SHAPE Australia, a nimble player in the construction sector, has seen its earnings grow by 31.9% over the past year, outpacing industry norms. Trading at A$4.24 per share, it sits 19.3% below its estimated fair value of A$5.27, suggesting potential upside for investors willing to consider its prospects amidst challenges like competitive pressures and reliance on office fit-outs. The company is debt-free and boasts high-quality earnings with a focus on sustainability and digital innovation to enhance margins currently at 2.2%. Recent board changes aim to bolster M&A capabilities as part of their growth strategy moving forward.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ASX:HLI ASX:MYS and ASX:SHA.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com