DEVELOP GLOBAL LIMITED (DVP)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

DVP

DVP - DEVELOP GLOBAL LIMITED

FNArena Sector : Industrial Metals
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 3.16
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.25

04 Aug
2025

0.050

OPEN

$4.14

1.19%

HIGH

$4.26

1,572,309

LOW

$4.08

TARGET
$5.30 24.7% upside
OTHER COMPANIES IN THE SAME SECTOR
AIS . CHN . COB . IPX . JMS . MTM . OMH . WA1 .
FNARENA'S MARKET CONSENSUS FORECASTS
DVP: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 5.4 2.6 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 163.5 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: 0.00%

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 © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-5.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx147.2 M
Book Value Per Share xxxxxxxxxxxxxxx143.1
Net Operating Cash Flow xxxxxxxxxxxxxxx11.0 M
Net Profit Margin xxxxxxxxxxxxxxx-8.24 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-4.86 %
Return on Invested Capital xxxxxxxxxxxxxxx-4.55 %
Return on Assets xxxxxxxxxxxxxxx-3.38 %
Return on Equity xxxxxxxxxxxxxxx-4.86 %
Return on Total Capital xxxxxxxxxxxxxxx-3.29 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-0.7 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx22 M
Long Term Debt xxxxxxxxxxxxxxx19 M
Total Debt xxxxxxxxxxxxxxx41 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx41 M
Price To Book Value xxxxxxxxxxxxxxx1.52

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx30.6 M
Capex % of Sales xxxxxxxxxxxxxxx20.80 %
Cost of Goods Sold xxxxxxxxxxxxxxx149 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx8 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx83 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

29/07/2025

1

Buy

$5.30

24.71%

Develop Global's mining services revenue in 4Q25 of $51.0m was up 14% y/y and compared with Bell Potter's forecast of $51.5m. FY25 revenue came in at $212m, beating guidance of $200m.

The quarter saw production ramp-up at Woodlawn, keeping it on track to reach nameplate capacity in the December quarter, in line with the broker's forecast. The company is fast-tracking decline development at the Sulphur Springs project, now expected to start in 1Q26.

The broker factored in recent $180m equity raising in the forecast, increased mine life and capex for Sulphur Spring and lifted mine life and recoveries for Woodlawn. FY25 EPS up 10% but FY26 trimmed by -10% and FY27 by -12%.

Buy. Target rises to $5.30 from $5.00.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 2.60 cents.
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 42.50 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

04/06/2025

1

Speculative Buy

$5.05

18.82%

Canaccord Genuity points to substantial earthworks at Develop Global's Sulphur Springs zinc-copper project, including the building of boxcut excavation, which is expected to be completed in the Sept quarter 2025, with two underground portals and decline works in the Dec quarter 2025.

The broker notes this is in advance of the anticipated timeline compared to starting June quarter 2026. A ramp-up of Woodlawn could generate free cash flow of $93m in FY26, the analyst explains, which will fund the works at Sulphur Springs.

No change to Speculative Buy and $5.05 target price.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 0.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 61.00 cents.
Access Extra Coverage Research History >

DVP STOCK CHART

FNArena News on DVP

1
Rudi’s View: Bega Cheese, Cettire, Harvey Norman, Sigma, SiteMinder & More

Jul 24 2025 - Rudi's View
2
Rudi’s View: Aussie Broadband, oOh!media, Paladin Energy, Seek, Xero & More

Jul 17 2025 - Rudi's View
3
Rudi’s View: Gold stocks & Miners, DigiCo, Pinnacle & More

Jul 10 2025 - Rudi's View
4
Rudi’s View: Charter Hall, Droneshield, Pinnacle, WiseTech & More

Jul 03 2025 - Rudi's View
5
Rudi’s View: ANZ, Aurizon, Cochlear, Newmont, Telix & More

Jun 26 2025 - Rudi's View

Latest Industrial Metals News

1
Lynas’ Valuation Key Point Of Contention

Jul 30 2025 - Australia
2
Iluka: Rare Earths Upside Emerging

Jul 28 2025 - Commodities
3
Lithium’s Bringing Excitement Back

Jul 24 2025 - Technicals
4
Iluka Resources Perking Up

Jul 15 2025 - Technicals
5
The Global Impact Of Trump’s Copper Tariff

Jul 14 2025 - Commodities
6
Capstone’s Copper Evolution Continues

Jul 02 2025 - Commodities
7
Lynas Rare Earths Shares Bounce Off Support

May 27 2025 - Technicals
8
Liontown Resources: Going Underground

Mar 20 2025 - Commodities
9
Material Matters: Lithium’s Debate Continues

Jan 17 2025 - Commodities
10
The Lithium Transition – A Recap Of 2024 & Thoughts On 2025

Jan 13 2025 - Commodities