company background image
DVP

Develop Global ASX:DVP Stock Report

Last Price

AU$2.00

Market Cap

AU$322.2m

7D

-5.7%

1Y

-49.0%

Updated

03 Jul, 2022

Data

Company Financials
DVP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Develop Global
Historical stock prices
Current Share PriceAU$2.00
52 Week HighAU$4.50
52 Week LowAU$1.94
Beta1.47
1 Month Change-22.78%
3 Month Change-35.69%
1 Year Change-49.05%
3 Year Change122.22%
5 Year Change344.44%
Change since IPO-82.98%

Recent News & Updates

May 07
Companies Like Develop Global (ASX:DVP) Are In A Position To Invest In Growth

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

DVPAU Metals and MiningAU 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

Is DVP's price volatile compared to industry and market?
DVP volatility
DVP Average Weekly Movement9.5%
Metals and Mining Industry Average Movement11.5%
Market Average Movement9.9%
10% most volatile stocks in AU Market16.6%
10% least volatile stocks in AU Market4.4%

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

FoundedEmployeesCEOWebsite
2006n/aBill Beamenthttps://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

How do Develop Global's earnings and revenue compare to its market cap?
DVP fundamental statistics
Market CapAU$322.18m
Earnings (TTM)-AU$93.73m
Revenue (TTM)AU$21.01k

Over9,999x

P/S Ratio

-3.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DVP income statement (TTM)
RevenueAU$21.01k
Cost of RevenueAU$0
Gross ProfitAU$21.01k
Other ExpensesAU$93.75m
Earnings-AU$93.73m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.58
Gross Margin100.00%
Net Profit Margin-446,219.08%
Debt/Equity Ratio0%

How did DVP perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

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

  • 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.

DVP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue14556.7x
Enterprise Value/EBITDA-3.3x
PEG Ration/a

Price to Book Ratio vs Peers

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

DVP PB Ratio vs Peers
The above table shows the PB ratio for DVP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average17.3x
TLG Talga Group
8.1xn/aAU$326.3m
GNG GR Engineering Services
5.7xn/aAU$320.0m
MAU Magnetic Resources
46xn/aAU$269.2m
GAL Galileo Mining
9.5xn/aAU$236.9m
DVP Develop Global
7.6xn/aAU$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.

DVP PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio7.6x
Fair PB Ration/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.


Discover undervalued companies

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

0/6

Future 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

0/6

Past 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

5/6

Financial 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.


Discover healthy companies

Dividend

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

Dividend Score

0/6

Dividend 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.


Discover strong dividend paying companies

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2021/12/31
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.