DEVELOP GLOBAL LIMITED (DVP)
Share Price Analysis and Chart

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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

$2.15

19 Dec
2024

-0.100

OPEN

$2.20

-4.44%

HIGH

$2.21

670,709

LOW

$2.11

TARGET
$3.50 62.8% 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 0.3 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 706.7 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: 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 © 2024 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

11/12/2024

1

Buy

$3.50

62.79%

Develop Global has finalised the terms for a $100m loan facility with Trafigura under a five-year off-take agreement for Woodlawn concentrate production.

Bell Potter highlights the loan terms are attractive and play a critical role in de-risking the restart of Woodlawn. The broker notes  approximately 50% of the plant refurbishment is complete, with production scheduled to commence in the March 2025 quarter.

With production pulled forward by one quarter, Bell Potter now forecasts Develop Global will be EPS positive in FY25, compared to a previously expected EPS loss.

The Buy rating remains unchanged, with the target price maintained at $3.50.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 0.30 cents.
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 10.50 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

11/12/2024

1

Speculative Buy

$4.70

118.60%

Canaccord Genuity highlights Develop Global's progress on the Woodlawn project, with documentation completed for a $100m loan facility. Also, a five-year offtake agreement has been secured with Trafigura for 100% of copper, zinc, and lead concentrate production.

The broker notes refurbishment works at Woodlawn are 50% complete, with underground ore production expected in the March quarter of 2025 and first concentrate production anticipated in the September quarter of 2025.

This project is expected to produce 12ktpa of copper and 36ktpa of zinc over a 10-year mine life, with a free cash flow (FCF) generation of $430m within the first three years.

The broker highlights the project's de-risked status, with key infrastructure and ore production preparations in place.

Speculative Buy rating and $4.70 target are retained. 
Access Extra Coverage Research History >

DVP STOCK CHART

FNArena News on DVP

1
Australian Broker Call *Extra* Edition – Dec 11, 2024

Dec 11 2024 - Daily Market Reports
2
FNArena Corporate Results Monitor – 01-10-2024

Oct 01 2024 - Australia
3
Australian Broker Call *Extra* Edition – Apr 12, 2024

Apr 12 2024 - Daily Market Reports
4
FNArena Corporate Results Monitor – 15-03-2024

Mar 15 2024 - Australia
5
Australian Broker Call *Extra* Edition – May 19, 2023

May 19 2023 - Daily Market Reports

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