| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
DVP Stock Overview
Develop Global Limited, together with its subsidiaries, engages in the exploration and development of mineral resource properties in Australia.
Develop Global Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$2.00 |
| 52 Week High | AU$4.50 |
| 52 Week Low | AU$1.94 |
| Beta | 1.47 |
| 1 Month Change | -22.78% |
| 3 Month Change | -35.69% |
| 1 Year Change | -49.05% |
| 3 Year Change | 122.22% |
| 5 Year Change | 344.44% |
| Change since IPO | -82.98% |
Recent News & Updates
Companies Like Develop Global (ASX:DVP) Are In A Position To Invest In Growth
We can readily understand why investors are attracted to unprofitable companies. For example, although...
Shareholder Returns
| DVP | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | -5.7% | -2.1% | -0.5% |
| 1Y | -49.0% | -15.3% | -12.2% |
Return vs Industry: DVP underperformed the Australian Metals and Mining industry which returned -15.3% over the past year.
Return vs Market: DVP underperformed the Australian Market which returned -12.2% over the past year.
Price Volatility
| DVP volatility | |
|---|---|
| DVP Average Weekly Movement | 9.5% |
| Metals and Mining Industry Average Movement | 11.5% |
| Market Average Movement | 9.9% |
| 10% most volatile stocks in AU Market | 16.6% |
| 10% least volatile stocks in AU Market | 4.4% |
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 (10%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2006 | n/a | Bill Beament | https://www.develop.com.au |
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
| DVP fundamental statistics | |
|---|---|
| Market Cap | AU$322.18m |
| Earnings (TTM) | -AU$93.73m |
| Revenue (TTM) | AU$21.01k |
Over9,999x
P/S Ratio-3.4x
P/E RatioIs DVP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| DVP income statement (TTM) | |
|---|---|
| Revenue | AU$21.01k |
| Cost of Revenue | AU$0 |
| Gross Profit | AU$21.01k |
| Other Expenses | AU$93.75m |
| Earnings | -AU$93.73m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.58 |
| Gross Margin | 100.00% |
| Net Profit Margin | -446,219.08% |
| Debt/Equity Ratio | 0% |
How did DVP perform over the long term?
See historical performance and comparisonValuation
Is DVP undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for DVP?
Other financial metrics that can be useful for relative valuation.
| What is DVP's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | AU$322.18m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 14556.7x |
| Enterprise Value/EBITDA | -3.3x |
| PEG Ratio | n/a |
Price to Book Ratio vs Peers
How does DVP's PB Ratio compare to its peers?
| DVP PB Ratio vs Peers |
|---|
| Company | PB | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 17.3x | ||
TLG Talga Group | 8.1x | n/a | AU$326.3m |
GNG GR Engineering Services | 5.7x | n/a | AU$320.0m |
MAU Magnetic Resources | 46x | n/a | AU$269.2m |
GAL Galileo Mining | 9.5x | n/a | AU$236.9m |
DVP Develop Global | 7.6x | n/a | AU$322.2m |
Price-To-Book vs Peers: DVP is good value based on its Price-To-Book Ratio (7.6x) compared to the peer average (17.3x).
Price to Earnings Ratio vs Industry
How does DVP's PE Ratio compare vs other companies in the AU Metals and Mining Industry?
Price-To-Book vs Industry: DVP is expensive based on its Price-To-Book Ratio (7.6x) compared to the Australian Metals and Mining industry average (1.8x)
Price to Book Ratio vs Fair Ratio
What is DVP's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PB Ratio | 7.6x |
| Fair PB Ratio | n/a |
Price-To-Book vs Fair Ratio: Insufficient data to calculate DVP's Price-To-Book Fair Ratio for valuation analysis.
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: DVP (A$2) is trading below our estimate of fair value (A$10.66)
Significantly Below Fair Value: DVP is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate DVP's PEG Ratio to determine if it is good value.
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Future Growth
How is Develop Global forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-6.9%
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.
Discover growth companies
- Examine whether Develop Global is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Develop Global competitive advantages and company strategy can generally be found in its financial reports archived here.
Past Performance
How has Develop Global performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-80.6%
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 80.6% 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 (57.3%).
Return on Equity
High ROE: DVP has a negative Return on Equity (-221.17%), as it is currently unprofitable.
Discover strong past performing companies
Financial Health
How is Develop Global's financial position?
Financial Health Score
5/6Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: DVP's short term assets (A$17.1M) exceed its short term liabilities (A$6.5M).
Long Term Liabilities: DVP's short term assets (A$17.1M) exceed its long term liabilities (A$15.4M).
Debt to Equity History and Analysis
Debt Level: DVP is debt free.
Reducing Debt: DVP has no debt compared to 5 years ago when its debt to equity ratio was 0%.
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 a year 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.
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Dividend
What is Develop Global current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
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.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as DVP has not reported any payouts.
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Management
How experienced are the management team and are they aligned to shareholders interests?
1.0yrs
Average board tenure
CEO
Bill Beament (47 yo)
1
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 ( 1 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 diluted in the past year, with total shares outstanding growing by 32.9%.
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
- Implied Market Cap: AU$322.184m
- Shares outstanding: 161.09m
- Website: https://www.develop.com.au
Location
- Develop Global Limited
- 91 Havelock Street
- Level 2
- West Perth
- Western Australia
- 6005
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/03 00:00 |
| End of Day Share Price | 2022/07/01 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/06/30 |
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.