DEVELOP GLOBAL LIMITED (DVP)
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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

$2.94

21 Feb
2025

0.000

OPEN

$2.96

0.000

HIGH

$2.99

824,960

LOW

$2.88

TARGET
$4.00 36.1% upside
OTHER COMPANIES IN THE SAME SECTOR
AIS . CHN . COB . IPX . JMS . OMH . WA1 .
FNARENA'S MARKET CONSENSUS FORECASTS
DVP: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 5.4 0.8 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 367.5 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

30/01/2025

1

Buy

$4.00

36.05%

Mining contractor and operator of two mining assets, Develop Global, released a 2Q update showing $57.9m of revenue, a beat against Bell Potter's $53.8m forecast.

Revenue from the Bellevue Gold Mine contract rose by 21% quarter-on-quarter, highlights the broker. The quarter ended with cash of $112.2m, drawn debt of $104.8m and equipment financing of $47.6m, for a net debt position of $40.1m.

The Buy rating remains unchanged, with the target price rising to $4.00 from $3.50 primarily due to Bell Potter's upgrade to its long-term base metal price outlook.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 0.80 cents.
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 19.10 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

18/02/2025

1

Speculative Buy

$4.80

63.27%

Develop Global's revenue from mining services in the Dec Q was 16% higher than Canaccord Genuity and up 10% quarter on quarter.

The beat was primarily driven by a 10% increase in development metres at Bellevue, with Bellevue Gold ((BGL)) contract revenue increasing 21%.

Mine development at Mt Marion underground was completed late in the Dec Q with an early termination payment received. At Beta Hunt, mining ended during the quarter with development performance above contract schedules.

Canaccord increases its FY25 forecast revenue for the mining services division and incorporates an updated commodity price deck. Speculative Buy retained, target rises to $4.80 from $4.70.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 2.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 40.00 cents.
Access Extra Coverage Research History >

DVP STOCK CHART

FNArena News on DVP

1
Australian Broker Call *Extra* Edition – Feb 18, 2025

Feb 18 2025 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Dec 11, 2024

Dec 11 2024 - Daily Market Reports
3
FNArena Corporate Results Monitor – 01-10-2024

Oct 01 2024 - Australia
4
Australian Broker Call *Extra* Edition – Apr 12, 2024

Apr 12 2024 - Daily Market Reports
5
FNArena Corporate Results Monitor – 15-03-2024

Mar 15 2024 - Australia

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