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DevEx Resources Ltd (AU:DEV)
ASX:DEV

DevEx Resources Ltd (DEV) AI Stock Analysis

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AU

DevEx Resources Ltd

(Sydney:DEV)

43Neutral
DevEx Resources Ltd faces significant challenges with profitability and cash flow despite revenue growth and a stable balance sheet. Technical indicators suggest neutral momentum, but valuation remains a concern due to negative earnings and no dividend yield. The company's financial struggles are a key risk, needing strategic cost management and operational improvements.

DevEx Resources Ltd (DEV) vs. S&P 500 (SPY)

DevEx Resources Ltd Business Overview & Revenue Model

Company DescriptionDevEx Resources Ltd (DEV) is an Australian-based mineral exploration company engaged in the discovery and development of mineral resources. The company primarily focuses on exploring and developing prospective mining projects across Australia, with a particular emphasis on gold, copper, and uranium deposits. DevEx Resources leverages its technical expertise and strategic partnerships to identify and capitalize on high-potential mineral assets, aiming to create value for its shareholders through successful exploration and project development.
How the Company Makes MoneyDevEx Resources Ltd makes money through its mineral exploration activities by discovering and developing valuable mineral resources, primarily gold, copper, and uranium. Its revenue model is centered around the successful identification and development of economically viable mining projects, which can be sold or partnered with larger mining companies for further development and production. The company may also earn revenue through joint ventures, farm-in agreements, and by selling stakes in its projects to other mining companies. Additionally, DevEx Resources may benefit from government grants or incentives related to mineral exploration and development. The company's earnings are significantly influenced by market conditions, commodity prices, and the successful execution of its exploration and development strategies.

DevEx Resources Ltd Financial Statement Overview

Summary
DevEx Resources Ltd has demonstrated strong revenue growth but is struggling with profitability and cash flow management. The income statement indicates a significant revenue increase, but negative EBIT and EBITDA margins reflect inefficiencies. The balance sheet is strong with low leverage, yet the negative cash flow suggests a need for operational improvement.
Income Statement
40
Negative
DevEx Resources Ltd has shown a significant increase in total revenue from the previous year, rising from $14,168 to $100,000. However, the company is still facing challenges in terms of profitability. The net profit margin remains negative due to high operational costs, indicated by an EBIT of -$11,314,300. The EBIT and EBITDA margins are also negative, suggesting inefficiencies in managing operational expenses.
Balance Sheet
55
Neutral
The company's balance sheet reflects a healthy equity position with a debt-to-equity ratio of 0.011, indicating low leverage. The equity ratio is strong at approximately 87%, suggesting stability and a conservative financing approach. Despite the low debt levels, the company's net income remains negative, impacting overall financial health.
Cash Flow
35
Negative
DevEx Resources Ltd faces challenges in cash flow management, with negative operating and free cash flows. The operating cash flow to net income ratio is unfavorable due to substantial negative cash flow from operations. Although financing cash flow is positive due to capital inflow, the company needs to improve operational efficiency to achieve a sustainable cash flow position.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
755.32K100.00K14.17K0.000.000.00
Gross Profit
755.32K100.00K-293.97K-375.81K-488.32K21.50K
EBIT
-13.40M-11.31M-13.44M-11.98M-6.88M-3.56M
EBITDA
-12.66M-9.90M-12.61M-11.51M-6.08M-3.45M
Net Income Common Stockholders
-12.89M-10.79M-12.94M-11.91M-6.58M-3.47M
Balance SheetCash, Cash Equivalents and Short-Term Investments
9.05M16.77M12.67M7.87M16.58M2.22M
Total Assets
18.90M26.31M15.92M11.29M19.49M3.93M
Total Debt
205.94K262.23K366.66K435.70K495.99K0.00
Net Debt
-8.84M-16.51M-12.31M-7.44M-16.08M-2.22M
Total Liabilities
2.39M3.43M3.46M3.20M2.70M1.46M
Stockholders Equity
16.51M22.88M12.46M8.08M16.79M2.47M
Cash FlowFree Cash Flow
-12.31M-15.12M-12.14M-9.32M-6.15M-3.61M
Operating Cash Flow
-12.14M-14.84M-12.02M-9.24M-5.96M-3.61M
Investing Cash Flow
-365.73K-656.83K-116.32K-188.28K-185.97K-3.05K
Financing Cash Flow
-208.20K19.59M16.94M723.19K20.51M4.67M

DevEx Resources Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.08
Price Trends
50DMA
0.08
Positive
100DMA
0.08
Positive
200DMA
0.12
Negative
Market Momentum
MACD
<0.01
Negative
RSI
53.54
Neutral
STOCH
73.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DEV, the sentiment is Positive. The current price of 0.08 is above the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.08, and below the 200-day MA of 0.12, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.54 is Neutral, neither overbought nor oversold. The STOCH value of 73.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:DEV.

DevEx Resources Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (50)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AURMS
78
Outperform
AU$2.90B7.9026.42%3.19%54.37%310.22%
50
Neutral
$1.98B-1.12-21.33%3.61%1.68%-30.56%
AUCHN
48
Neutral
€441.55M-16.63%57.93%
AUGML
47
Neutral
AU$11.04M4.298.76%
AUDEV
43
Neutral
$36.66M-56.94%-17.74%
AUAUR
33
Underperform
AU$2.86M-4.22%91.30%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:DEV
DevEx Resources Ltd
0.08
-0.28
-77.26%
AU:RMS
Ramelius Resources Limited
2.50
0.55
28.53%
AU:GML
Gateway Mining Limited
0.03
<0.01
50.00%
AU:AUR
Auris Minerals Ltd.
AU:CHN
Chalice Mining
1.14
-0.68
-37.29%

DevEx Resources Ltd Corporate Events

DevEx Resources Ltd Announces Cessation of 750,000 Securities
Apr 28, 2025

DevEx Resources Ltd announced the cessation of 750,000 securities due to the lapse of conditional rights, as the conditions for these securities were not met or became incapable of being satisfied. This cessation may impact the company’s capital structure and could influence investor perceptions regarding the company’s operational progress and strategic direction.

DevEx Resources Advances Uranium Exploration with Promising Discoveries
Mar 31, 2025

DevEx Resources Ltd has announced significant progress in its exploration activities, particularly at the Nabarlek Uranium Project, where multiple large-scale uranium targets have been identified. The company’s ongoing efforts in uranium exploration position it for growth in the resurging uranium sector, potentially enhancing its market position and offering promising opportunities for stakeholders.

DevEx Resources Identifies New Uranium Targets at Nabarlek Project
Mar 31, 2025

DevEx Resources Limited has identified several new large-scale uranium exploration targets around the historical Nabarlek Uranium Mine, located in the McArthur Basin. These targets, characterized by radon anomalies and large alteration footprints, have never been drilled and present significant potential for uranium mineralization. The company plans to begin field investigations to prioritize drilling areas, aiming to enhance its position in the uranium industry and potentially discover new greenfields uranium deposits.

DevEx Resources Ltd Announces Cessation of Securities
Mar 31, 2025

DevEx Resources Ltd announced the cessation of 2,500,000 securities due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation may impact the company’s capital structure and could influence investor perception and market positioning.

DevEx Resources Director Increases Stake
Mar 19, 2025

DevEx Resources Ltd has announced a change in the director’s interest, with Tim Goyder increasing his indirect holdings through the TRB Goyder Superannuation Fund by acquiring 2,747,754 fully paid ordinary shares. This acquisition reflects a strategic move to strengthen his investment in the company, potentially impacting shareholder confidence and the company’s market dynamics.

DevEx Resources Limited Releases Half-Year Financial Report
Mar 11, 2025

DevEx Resources Limited has released its half-year report for the period ending December 31, 2024. The report includes comprehensive financial statements and declarations, highlighting the company’s financial position and performance over the past six months. This release provides stakeholders with insights into the company’s operations and financial health, which are crucial for assessing its market positioning and future prospects.

Timothy Goyder Increases Stake in DevEx Resources
Feb 27, 2025

Timothy R B Goyder, a substantial holder in DevEx Resources Ltd, has increased his voting power in the company from 16.99% to 18.96% as of February 26, 2025. This change in interest may influence the company’s strategic decisions and impact shareholder dynamics, reflecting Goyder’s strengthened position within the company.

DevEx Resources Director Increases Stake in Company
Feb 27, 2025

DevEx Resources Ltd announced a change in the director’s interest, with Tim Goyder, a key figure in the company, increasing his indirect interest in the company’s securities. This change, involving the acquisition of 7,000,000 fully paid ordinary shares through the TRB Goyder Super Fund, reflects a significant investment valued at $553,495.20. The transaction, executed as an on-market purchase, raises the total number of shares held indirectly by Goyder to 53,322,518, indicating a strengthened commitment to the company’s future prospects.

DevEx Resources Addresses Late Lodgement of Director’s Interest Notice
Feb 27, 2025

DevEx Resources Ltd announced a late lodgement of an Appendix 3Y form, which reflects a change in the interest of its Non-Executive Chairman, Tim Goyder, due to the expiry of unlisted options. The company attributed the delay to an administrative oversight and assured that it has adequate reporting practices to comply with ASX disclosure requirements, considering this incident as isolated.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.