DevEx Resources Ltd (DEV) AI Stock Analysis

• Market Cap: $36.66M
• Dividend Yield: N/A
• Average Volume (3M): 519.96K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.94
• Revenue Growth: N/A
• EPS Growth: -17.74%
• Country: AU
• Employees: 4
• Sector: Basic Materials
• Sector Strength: 69
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 441,690,670
• 10 Day Avg. Volume: 426,029
• 30 Day Avg. Volume: 519,955
• PEG Ratio: 0.22
• Price to Book (P/B): 2.38
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.19
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 47 Neutral
• Price Target: AU$0.00 ▼(-100.00%Downside)

The overall stock score reflects key challenges in financial performance and valuation. While the balance sheet is robust, negative profitability and cash flows are significant concerns. Technical analysis presents a neutral outlook, but valuation remains a critical issue due to the negative P/E ratio.

DevEx Resources Ltd Business Overview & Revenue Model

Company Description

DevEx Resources Limited, together with its subsidiaries, engages in the exploration and evaluation of mineral properties in Australia. The company explores for uranium, copper, nickel, palladium, gold, diamond, and other base metals. It holds 100% interest in Nabarlek project comprising 4,700 square kilometers; and Basin Creek project, as well as holds interest in Sovereign project and Junee project. The company was formerly known as Uranium Equities Limited and changed its name to DevEx Resources Limited in November 2017. DevEx Resources Limited was incorporated in 1969 and is based in West Perth, Australia.

How the Company Makes Money

DevEx Resources Ltd makes money primarily through the exploration and development of mineral resources. The company generates revenue by discovering commercially viable mineral deposits, which can be developed into mining operations. Once a significant resource is identified, DevEx can either sell the asset to a larger mining company or develop the project to extract and sell the minerals. Additionally, the company may form joint ventures or strategic partnerships with other companies to share the costs and profits of exploration and development activities. Revenue can also come from selling exploration rights or licenses to other companies interested in developing the resources further.

DevEx Resources Ltd Financial Statement Overview

Summary

DevEx Resources Ltd shows revenue growth but struggles with profitability and cash flow. Despite a strong balance sheet with low debt, the company faces negative margins and cash flow challenges, highlighting a need for better cost management and operational efficiency.

Income Statement

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

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

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	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	100.00K	14.17K	0.00	0.00	0.00
Gross Profit	100.00K	-294.00K	-376.00K	-488.00K	21.50K
EBITDA	-9.90M	-12.61M	-11.51M	-6.08M	-3.45M
Net Income	-10.79M	-12.94M	-11.91M	-6.58M	-3.47M
Balance Sheet
Total Assets	26.31M	15.92M	11.29M	19.49M	3.93M
Cash, Cash Equivalents and Short-Term Investments	16.77M	12.67M	7.87M	16.58M	2.22M
Total Debt	262.23K	366.66K	435.70K	495.99K	0.00
Total Liabilities	3.43M	3.46M	3.20M	2.70M	1.46M
Stockholders Equity	22.88M	12.46M	8.08M	16.79M	2.47M
Cash Flow
Free Cash Flow	-15.12M	-12.14M	-9.32M	-6.15M	-3.61M
Operating Cash Flow	-14.84M	-12.02M	-9.24M	-5.96M	-3.61M
Investing Cash Flow	-656.83K	-116.32K	-188.28K	-185.97K	-3.05K
Financing Cash Flow	19.59M	16.94M	723.19K	20.51M	4.67M

DevEx Resources Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 0.09, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.83 is Neutral, neither overbought nor oversold. The STOCH value of 72.62 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.54B	10.43	1.37%	3.00%	2.29%	-33.47%
WR1	57 Neutral	AU$47.57M	―	-9.14%	―	―	-4.39%
DEV	47 Neutral	$36.66M	―	-56.94%	―	―	-17.74%
SLROF	―	$23.20M	―	-72.81%	―	―	―
EMC	31 Underperform	AU$30.26M	―	-30.71%	―	―	-55.70%
MT1	―	€16.29M	―	-37.43%	―	―	―
C3F	―	€22.00M	―	-24.37%	―	―	―

DevEx Resources Ltd Corporate Events

DevEx Resources Advances Uranium Exploration with Promising Discoveries

DevEx Resources Ltd has presented updates on its exploration activities, highlighting significant progress in its uranium projects, particularly at Nabarlek and Murphy West. The company has identified multiple large-scale uranium targets and continues to report high-grade uranium intercepts, reinforcing its strong growth potential in the uranium sector. These developments position DevEx favorably within the industry, potentially enhancing its market standing and offering promising opportunities for stakeholders.

DevEx Resources Strengthens Position in Uranium Sector with Promising Exploration Results

DevEx Resources Ltd has released an investor presentation highlighting its strategic positioning in the uranium sector, emphasizing ongoing exploration activities at the Nabarlek Project. The company has identified multiple large-scale uranium targets and continues to report significant uranium intercepts, which could enhance its market position and attract investor interest.

DevEx Resources Launches Exploration in Northern Territory Uranium Portfolio

DevEx Resources Ltd has commenced field-based exploration activities across its uranium portfolio in the McArthur Basin, Northern Territory, Australia. The company is conducting ground-based gravity surveys and drilling preparations at various prospects, including Big Radon, KP, Sandfire, and Spitfire. With government co-funding and a strategic focus on high-grade uranium discoveries, DevEx aims to capitalize on the growing global interest in nuclear energy and the stable uranium market, positioning itself as a key player in the industry.

DevEx Resources to Host Investor Webinar on Uranium Exploration

DevEx Resources Limited announced that its Managing Director Todd Ross and Technical Director Brendan Bradley will host a live investor webinar on July 10, 2025, to update stakeholders on the company’s exploration activities in the McArthur Basin, Australia. This initiative underscores DevEx’s commitment to transparency and engagement with investors, highlighting the strategic importance of their uranium projects in a region comparable to Canada’s Athabasca Basin, potentially impacting the company’s market positioning and stakeholder interests.

DevEx Resources Announces Forfeiture of Director’s Performance Rights

DevEx Resources Ltd announced a change in the director’s interest, specifically the forfeiture of 297,333 performance rights previously issued under the company’s Employee Incentive Scheme. This change occurred due to the non-satisfaction of vesting conditions, impacting the director’s securities holdings but not involving any cash consideration.

DevEx Resources Announces Director’s Interest Change

DevEx Resources Ltd announced a change in the director’s interest, specifically involving the forfeiture of 297,333 performance rights previously issued under the company’s Employee Incentive Scheme. This change reflects the non-satisfaction of vesting conditions, impacting the director’s holdings but not affecting the company’s overall operations or market strategy.

DevEx Resources Announces Cessation of Performance Rights

DevEx Resources Ltd announced the cessation of 822,622 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This development may impact the company’s capital structure and could have implications for its strategic operations and stakeholder interests.

DevEx Resources Ltd Announces Cessation of 750,000 Securities

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.