DEVELOP GLOBAL LIMITED (DVP)
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DVP - DEVELOP GLOBAL LIMITED

FNArena Sector : Industrial Metals
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -6.77
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.15

15 Apr
2024

-0.070

OPEN

$2.15

-3.15%

HIGH

$2.20

765,935

LOW

$2.14

TARGET
$3.30 53.5% upside
OTHER COMPANIES IN THE SAME SECTOR
AIS . AMG . CHN . COB . JMS . OMH .
FNARENA'S MARKET CONSENSUS FORECASTS
DVP: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 0.3 xxx
DPS (cps) xxx N/A 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 716.7 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.00

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-10.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx67.8 M
Book Value Per Share xxxxxxxxxxxxxxx82.5
Net Operating Cash Flow xxxxxxxxxxxxxxx12.2 M
Net Profit Margin xxxxxxxxxxxxxxx-26.39 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-12.16 %
Return on Invested Capital xxxxxxxxxxxxxxx-11.46 %
Return on Assets xxxxxxxxxxxxxxx-7.94 %
Return on Equity xxxxxxxxxxxxxxx-12.16 %
Return on Total Capital xxxxxxxxxxxxxxx-8.66 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx3.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx12 M
Long Term Debt xxxxxxxxxxxxxxx16 M
Total Debt xxxxxxxxxxxxxxx28 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx22 M
Price To Book Value xxxxxxxxxxxxxxx4.18

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx40.0 M
Capex % of Sales xxxxxxxxxxxxxxx59.03 %
Cost of Goods Sold xxxxxxxxxxxxxxx79 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx68 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

10/04/2024

1

Buy

$3.30

53.49%

Develop Global's Woodlawn operation is expected to recommence production in the 1H of 2025. Bell Potter suggests the final investment decision (FID) and announcement of a financing package are important upcoming catalysts.

Financing options include a minority interest sell-down of the Woodlawn project and traditional project financing, explains the broker.

Separately, management is guiding to FY25 Mining Services revenue of circa $175m, compared to the $186m forecast by the analysts.

The broker's Buy rating is maintained and the target falls to $3.30 from $4.10 to reflect lower Mining Services business revenue, reduced Woodlawn production in FY25, and delayed production from the Pioneer Dome project near Kalgoorlie.

FORECAST
Bell Potter forecasts a full year FY24 dividend of 0.00 cents and EPS of 0.30 cents.
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 1.10 cents.

DVP STOCK CHART