Develop Global Limited

ASX:DVP Stock Report

Market Cap: AU$635.6m

Develop Global Valuation

Is DVP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DVP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate DVP's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate DVP's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DVP?

Key metric: As DVP is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for DVP. This is calculated by dividing DVP's market cap by their current revenue.
What is DVP's PS Ratio?
PS Ratio4.3x
SalesAU$147.23m
Market CapAU$635.56m

Price to Sales Ratio vs Peers

How does DVP's PS Ratio compare to its peers?

The above table shows the PS ratio for DVP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average7x
PLL Piedmont Lithium
4.2x34.4%AU$316.4m
VUL Vulcan Energy Resources
21.4x50.5%AU$1.0b
CXO Core Lithium
1x-101.0%AU$190.7m
SYA Sayona Mining
1.6x2.7%AU$311.7m
DVP Develop Global
4.3x56.2%AU$635.6m

Price-To-Sales vs Peers: DVP is good value based on its Price-To-Sales Ratio (4.3x) compared to the peer average (7x).

Price to Sales Ratio vs Industry

How does DVP's PS Ratio compare vs other companies in the AU Metals and Mining Industry?

126 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.60.6x3.3%
DVP Develop Global
 4.3x56.2%US$395.08m
BHP BHP Group
2.2x-3.1%US$124.70b
FMG Fortescue
1.9x-5.5%US$34.90b
DVP 4.3xIndustry Avg. 60.6xNo. of Companies126PS020406080100+
126 CompaniesEstimated GrowthMarket Cap
Industry Avg.60.6x10.6%
DVP Develop Global
 4.3x95.9%US$395.08m
No more companies

Price-To-Sales vs Industry: DVP is good value based on its Price-To-Sales Ratio (4.3x) compared to the Australian Metals and Mining industry average (60.6x).

Price to Sales Ratio vs Fair Ratio

What is DVP's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DVP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.3x
Fair PS Ratio19.6x

Price-To-Sales vs Fair Ratio: DVP is good value based on its Price-To-Sales Ratio (4.3x) compared to the estimated Fair Price-To-Sales Ratio (19.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DVP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$2.34
AU$4.10
+75.2%
14.6%AU$4.70AU$3.50n/a2
Dec ’25AU$1.97
AU$4.10
+108.7%
14.6%AU$4.70AU$3.50n/a2
Nov ’25AU$2.52
AU$4.10
+62.7%
14.6%AU$4.70AU$3.50n/a2
Oct ’25AU$2.40
AU$3.85
+60.4%
16.9%AU$4.50AU$3.20n/a2
Sep ’25AU$2.19
AU$4.08
+86.1%
14.1%AU$4.65AU$3.50n/a2
Aug ’25AU$2.28
AU$4.08
+78.7%
14.1%AU$4.65AU$3.50n/a2
Jul ’25AU$2.15
AU$3.93
+82.6%
18.5%AU$4.65AU$3.20n/a2
Jun ’25AU$2.29
AU$3.93
+71.4%
18.5%AU$4.65AU$3.20n/a2
May ’25AU$2.39
AU$3.98
+66.3%
17.0%AU$4.65AU$3.30n/a2
Jul ’24AU$3.46
AU$4.60
+32.9%
8.7%AU$5.00AU$4.20AU$2.152
Jun ’24AU$3.50
AU$4.60
+31.4%
8.7%AU$5.00AU$4.20AU$2.292

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/31 09:09
End of Day Share Price 2024/12/31 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Develop Global Limited is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joseph HouseBell Potter
Tim McCormackCanaccord Genuity
Andrew KnuckeyCommonwealth Bank of Australia