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DVN

DevineASX:DVN Stock Report

Market Cap

AU$37.3m

7D

0%

1Y

147.4%

Updated

25 Aug, 2021

Data

Company Financials
DVN fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

DVN Overview

Devine Limited, together with its subsidiaries, engages in the land development and construction activities in Australia.

Devine Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Devine
Historical stock prices
Current Share PriceAU$0.23
52 Week HighAU$0.09
52 Week LowAU$0.25
Beta0.68
1 Month Change0%
3 Month Change0%
1 Year Change147.37%
3 Year Change-26.56%
5 Year Change-51.55%
Change since IPO-93.88%

Recent News & Updates

Apr 09
Is Devine (ASX:DVN) Using Debt In A Risky Way?

Is Devine (ASX:DVN) Using Debt In A Risky Way?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Dec 25
Health Check: How Prudently Does Devine (ASX:DVN) Use Debt?

Health Check: How Prudently Does Devine (ASX:DVN) Use Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

DVNAU Real EstateAU Market
7D0%-0.1%0.9%
1Y147.4%5.8%20.2%

Return vs Industry: DVN exceeded the Australian Real Estate industry which returned 19.9% over the past year.

Return vs Market: DVN exceeded the Australian Market which returned 24% over the past year.

Price Volatility

Is DVN's price volatile compared to industry and market?
DVN volatility
DVN Beta0.68
Industry Beta0.86
Market Beta1

Stable Share Price: DVN is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: Insufficient data to determine DVN's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
198317Jamie Mackayhttps://www.devine.com.au

Devine Limited, together with its subsidiaries, engages in the land development and construction activities in Australia. The company develops and sells apartment and mixed use projects; and constructs residential apartments. It also offers property management services.

Devine Fundamentals Summary

How do Devine's earnings and revenue compare to its market cap?
DVN fundamental statistics
Market CapAU$37.30m
Earnings (TTM)-AU$6.88m
Revenue (TTM)AU$43.92m

0.8x

P/S Ratio

-5.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DVN income statement (TTM)
RevenueAU$43.92m
Cost of RevenueAU$32.61m
Gross ProfitAU$11.32m
ExpensesAU$18.19m
Earnings-AU$6.88m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.043
Gross Margin25.76%
Net Profit Margin-15.66%
Debt/Equity Ratio55.1%

How did DVN perform over the long term?

See historical performance and comparison

Valuation

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

0.57x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: DVN (A$0.24) is trading above our estimate of fair value (A$0.04)

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


Price To Earnings Ratio

PE vs Industry: DVN is unprofitable, so we can't compare its PE Ratio to the Australian Real Estate industry average.

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


Price to Book Ratio

PB vs Industry: DVN is good value based on its PB Ratio (0.6x) compared to the AU Real Estate industry average (1.1x).


Future Growth

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

22.6%

Forecasted Real Estate 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 Devine 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 Devine performed over the past 5 years?

33.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DVN is currently unprofitable.

Growing Profit Margin: DVN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DVN is unprofitable, but has reduced losses over the past 5 years at a rate of 33.9% per year.

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

Earnings vs Industry: DVN is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (11.8%).


Return on Equity

High ROE: DVN has a negative Return on Equity (-10.51%), as it is currently unprofitable.


Financial Health

How is Devine's financial position?


Financial Position Analysis

Short Term Liabilities: DVN's short term assets (A$23.7M) do not cover its short term liabilities (A$47.9M).

Long Term Liabilities: DVN's short term assets (A$23.7M) exceed its long term liabilities (A$1.3M).


Debt to Equity History and Analysis

Debt Level: DVN's debt to equity ratio (55.1%) is considered high.

Reducing Debt: DVN's debt to equity ratio has increased from 24% to 55.1% 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: Whilst unprofitable DVN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: DVN is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 12.7% per year.


Dividend

What is Devine current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if DVN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: DVN is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DVN'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?

5.6yrs

Average board tenure


CEO

Jamie Mackay

1.42yrs

Tenure

AU$525,930

Compensation

Mr. James Stuart Lachlan Mackay, also known as Jamie, is the Chief Executive Officer and Executive Director of Devine Limited since March 31, 2020. He has been the Chief Financial Officer and Company Secre...


CEO Compensation Analysis

Compensation vs Market: Jamie's total compensation ($USD381.74K) is above average for companies of similar size in the Australian market ($USD266.63K).

Compensation vs Earnings: Jamie's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: DVN's board of directors are considered experienced (5.6 years average tenure).


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Devine Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Devine Limited
  • Ticker: DVN
  • Exchange: ASX
  • Founded: 1983
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: AU$37.302m
  • Shares outstanding: 158.73m
  • Website: https://www.devine.com.au

Number of Employees


Location

  • Devine Limited
  • KSD1
  • Level 2
  • Hamilton
  • Queensland
  • 4007
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/25 08:03
End of Day Share Price2021/07/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.