DevEx Resources Limited, together with its subsidiaries, engages in the exploration and evaluation of mineral properties in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.35|
|52 Week High||AU$0.18|
|52 Week Low||AU$0.53|
|1 Month Change||6.06%|
|3 Month Change||18.64%|
|1 Year Change||40.00%|
|3 Year Change||629.17%|
|5 Year Change||483.33%|
|Change since IPO||-79.17%|
Recent News & Updates
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...
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...
|DEV||AU Oil and Gas||AU Market|
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.
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
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
|DEV fundamental statistics|
Is DEV overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|DEV income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.021|
|Net Profit Margin||0.00%|
How did DEV perform over the long term?See historical performance and comparison
Is DevEx Resources undervalued compared to its fair value and its price relative to the market?
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).
How is DevEx Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has DevEx Resources performed over the past 5 years?
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.
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$1.6M).
Debt to Equity History and Analysis
Debt Level: DEV is debt free.
Reducing Debt: DEV had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: DEV has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: DEV has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 32% each year.
What is DevEx Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate DEV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate DEV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if DEV's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if DEV's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of DEV's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Brendan J. Bradley, BSc (Geol Hons), MAIG, serves as Managing Director & Director of DevEx Resources Limited since June 1, 2017. He is a geologist with mineral exploration, mining and resource developm...
CEO Compensation Analysis
Compensation vs Market: Brendan's total compensation ($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.
Experienced Management: DEV's management team is considered experienced (2 years average tenure).
Experienced Board: DEV's board of directors are seasoned and experienced ( 10 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25.1%.
DevEx Resources Limited's employee growth, exchange listings and data sources
- 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
- DevEx Resources Limited
- 1292 Hay Street
- Level 3
- West Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 15:20|
|End of Day Share Price||2021/10/20 00:00|
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.