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DVP

Develop GlobalASX:DVP Stock Report

Market Cap

AU$468.7m

7D

3.1%

1Y

458.3%

Updated

20 Oct, 2021

Data

Company Financials
DVP fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

DVP Overview

Develop Global Limited, together with its subsidiaries, engages in the exploration and development of mineral resource properties in Australia.

Develop Global Competitors

Western Areas

ASX:WSA

AU$1.1b

Jervois Global

ASX:JRV

AU$924.2m

Mincor Resources

ASX:MCR

AU$663.5m

Neometals

ASX:NMT

AU$493.5m

Price History & Performance

Summary of all time highs, changes and price drops for Develop Global
Historical stock prices
Current Share PriceAU$0.67
52 Week HighAU$0.10
52 Week LowAU$0.93
Beta1.18
1 Month Change24.07%
3 Month Change-6.94%
1 Year Change458.34%
3 Year Change179.17%
5 Year Change396.30%
Change since IPO-71.49%

Recent News & Updates

Shareholder Returns

DVPAU Metals and MiningAU Market
7D3.1%1.8%1.5%
1Y458.3%11.3%21.1%

Return vs Industry: DVP exceeded the Australian Metals and Mining industry which returned 11.3% over the past year.

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

Price Volatility

Is DVP's price volatile compared to industry and market?
DVP volatility
DVP Beta1.18
Industry Beta0.97
Market Beta1

Stable Share Price: DVP is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: DVP's weekly volatility has decreased from 37% to 10% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006n/aBill Beamenthttps://www.venturexresources.com

Develop Global Limited, together with its subsidiaries, engages in the exploration and development of mineral resource properties in Australia. It primarily explores for copper, zinc, lead, silver, and gold deposits. The company’s flagship project is the Sulphur Springs project that includes Sulphur Springs and Kangaroo Caves deposits and tenements located to the south east of Port Hedland.

Develop Global Fundamentals Summary

How do Develop Global's earnings and revenue compare to its market cap?
DVP fundamental statistics
Market CapAU$468.72m
Earnings (TTM)-AU$89.88m
Revenue (TTM)AU$10.91k

67.0kx

P/S Ratio

-5.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DVP income statement (TTM)
RevenueAU$10.91k
Cost of RevenueAU$0
Gross ProfitAU$10.91k
ExpensesAU$89.89m
Earnings-AU$89.88m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.13
Gross Margin100.00%
Net Profit Margin-824,153.35%
Debt/Equity Ratio0.3%

How did DVP perform over the long term?

See historical performance and comparison

Valuation

Is Develop Global undervalued compared to its fair value and its price relative to the market?

13.17x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: DVP (A$0.67) is trading above our estimate of fair value (A$0.01)

Significantly Below Fair Value: DVP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DVP is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: DVP 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 DVP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DVP is overvalued based on its PB Ratio (13.2x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

0.03%

Forecasted Materials 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 Develop Global 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 Develop Global performed over the past 5 years?

-74.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DVP is currently unprofitable.

Growing Profit Margin: DVP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DVP is unprofitable, and losses have increased over the past 5 years at a rate of 74.4% per year.

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

Earnings vs Industry: DVP is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: DVP has a negative Return on Equity (-252.49%), as it is currently unprofitable.


Financial Health

How is Develop Global's financial position?


Financial Position Analysis

Short Term Liabilities: DVP's short term assets (A$17.4M) exceed its short term liabilities (A$6.9M).

Long Term Liabilities: DVP's short term assets (A$17.4M) exceed its long term liabilities (A$14.9M).


Debt to Equity History and Analysis

Debt Level: DVP's debt to equity ratio (0.3%) is considered satisfactory.

Reducing Debt: DVP's debt to equity ratio has increased from 0.2% to 0.3% over the past 5 years.


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: DVP has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if DVP has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Develop Global current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate DVP'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 DVP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DVP'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 DVP'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?

0.3yrs

Average board tenure


CEO

Bill Beament (46 yo)

0.25

Tenure

Mr. William James Beament, also known as Bill, B.Eng-Mining (Hons), MAICD, serves as Managing Director at Develop Global Limited (formerly known as Venturex Resources Limited) since July 26, 2021. He has b...


Board Members

Experienced Board: DVP's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: DVP insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 82.8%.


Top Shareholders

Company Information

Develop Global Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Develop Global Limited
  • Ticker: DVP
  • Exchange: ASX
  • Founded: 2006
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$468.724m
  • Shares outstanding: 699.59m
  • Website: https://www.venturexresources.com

Location

  • Develop Global Limited
  • 91 Havelock Street
  • Level 2
  • 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 15:27
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.