company background image
DEV

DevEx ResourcesASX:DEV Stock Report

Market Cap

AU$107.7m

7D

11.1%

1Y

40.0%

Updated

20 Oct, 2021

Data

Company Financials
DEV fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

DEV Overview

DevEx Resources Limited, together with its subsidiaries, engages in the exploration and evaluation of mineral properties in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for DevEx Resources
Historical stock prices
Current Share PriceAU$0.35
52 Week HighAU$0.18
52 Week LowAU$0.53
Beta1.58
1 Month Change6.06%
3 Month Change18.64%
1 Year Change40.00%
3 Year Change629.17%
5 Year Change483.33%
Change since IPO-79.17%

Recent News & Updates

Jul 11
We Think DevEx Resources (ASX:DEV) Can Afford To Drive Business Growth

We Think DevEx Resources (ASX:DEV) Can Afford To Drive Business Growth

We can readily understand why investors are attracted to unprofitable companies. Indeed, DevEx Resources ( ASX:DEV...

Mar 28
Companies Like DevEx Resources (ASX:DEV) Are In A Position To Invest In Growth

Companies Like DevEx Resources (ASX:DEV) Are In A Position To Invest In Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. By way of example, DevEx Resources...

Shareholder Returns

DEVAU Oil and GasAU Market
7D11.1%0.2%1.7%
1Y40.0%48.7%20.2%

Return vs Industry: DEV underperformed the Australian Oil and Gas industry which returned 48.7% over the past year.

Return vs Market: DEV exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is DEV's price volatile compared to industry and market?
DEV volatility
DEV Beta1.58
Industry Beta1.28
Market Beta1

Stable Share Price: DEV is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: DEV's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
n/an/aBrendan Bradleyhttps://www.devexresources.com.au

DevEx Resources Limited, together with its subsidiaries, engages in the exploration and evaluation of mineral properties in Australia. It primarily explores for uranium, copper, gold, diamond, and other base metals. The company holds 100% interests in West Arnhem-Nabarlek project that covers an area of approximately 5,963 square kilometers tenement packages located in the Alligator Rivers Uranium Province, Northern Territory; the Junee Project, which covers an area of approximately 580 square kilometers situated in the Lachlan Fold Belt of New South Wales; the Basin Creek Gold project located in the New South Wales; the Sovereign Nickel-Copper-PGE Project located in Western Australia; the North Cobar Project in the in the Cobar Region; Nabarlek Project located in the Alligator Rivers Uranium Province; the Dundas project situated in Western Australia; and Bogong Project.

DevEx Resources Fundamentals Summary

How do DevEx Resources's earnings and revenue compare to its market cap?
DEV fundamental statistics
Market CapAU$107.74m
Earnings (TTM)-AU$6.58m
Revenue (TTM)n/a

0x

P/S Ratio

-16.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DEV income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$6.58m
Earnings-AU$6.58m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.021
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did DEV perform over the long term?

See historical performance and comparison

Valuation

Is DevEx Resources undervalued compared to its fair value and its price relative to the market?

6.42x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate DEV's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate DEV's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: DEV is unprofitable, so we can't compare its PE Ratio to the Australian Oil and Gas industry average.

PE vs Market: DEV is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DEV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DEV is overvalued based on its PB Ratio (6.4x) compared to the AU Oil and Gas industry average (2.5x).


Future Growth

How is DevEx Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.1%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as DevEx Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has DevEx Resources performed over the past 5 years?

-39.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DEV is currently unprofitable.

Growing Profit Margin: DEV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DEV is unprofitable, and losses have increased over the past 5 years at a rate of 39.2% per year.

Accelerating Growth: Unable to compare DEV's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DEV is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-50.5%).


Return on Equity

High ROE: DEV has a negative Return on Equity (-39.22%), as it is currently unprofitable.


Financial Health

How is DevEx Resources's financial position?


Financial Position Analysis

Short Term Liabilities: DEV's short term assets (A$16.8M) exceed its short term liabilities (A$1.1M).

Long Term Liabilities: DEV's short term assets (A$16.8M) exceed its long term liabilities (A$1.6M).


Debt to Equity History and Analysis

Debt Level: DEV is debt free.

Reducing Debt: DEV had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: DEV has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: DEV has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 32% each year.


Dividend

What is DevEx Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate DEV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DEV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DEV's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DEV's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DEV's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Brendan Bradley

4.33yrs

Tenure

AU$316,686

Compensation

Mr. Brendan J. Bradley, BSc (Geol Hons), MAIG, serves as Managing Director & Director of DevEx Resources Limited since June 1, 2017. He is a geologist with mineral exploration, mining and resource developm...


CEO Compensation Analysis

Compensation vs Market: Brendan's total compensation ($USD236.77K) is about average for companies of similar size in the Australian market ($USD302.06K).

Compensation vs Earnings: Brendan's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: DEV's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: DEV's board of directors are seasoned and experienced ( 10 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25.1%.


Top Shareholders

Company Information

DevEx Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: DevEx Resources Limited
  • Ticker: DEV
  • Exchange: ASX
  • Founded: NaN
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: AU$107.742m
  • Shares outstanding: 307.83m
  • Website: https://www.devexresources.com.au

Location

  • DevEx Resources Limited
  • 1292 Hay Street
  • Level 3
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 15:20
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.