DevEx Resources Ltd (DEV) AI Stock Analysis

• Market Cap: $33.13M
• Dividend Yield: N/A
• Average Volume (3M): 341.62K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.15
• Revenue Growth: N/A
• EPS Growth: -17.74%
• Country: AU
• Employees: 4
• Sector: Basic Materials
• Sector Strength: 64
• Industry: Industrial Materials
• EPS (TTM): -0.03
• Shares Outstanding: 441,690,670
• 10 Day Avg. Volume: 510,736
• 30 Day Avg. Volume: 341,624
• PEG Ratio: 0.20
• Price to Book (P/B): 2.22
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.98
• 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: N/A
• Number of Analyst Covering: 0

• Rating: 44 Neutral
• Price Target: AU$0.00 ▼(-100.00%Downside)

DevEx Resources Ltd's overall score is primarily impacted by its financial performance, reflecting challenges in profitability and cash flow. Technical analysis shows bearish trends, and poor valuation metrics further weigh down the score. Despite a strong balance sheet, strategic improvements are necessary for better financial health.

DevEx Resources Ltd Business Overview & Revenue Model

Company Description

DevEx 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 Money

DevEx 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

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
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
755.32K	100.00K	14.17K	0.00	0.00	0.00
	Gross Profit
755.32K	100.00K	-293.97K	-375.81K	-488.32K	21.50K
	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 Sheet		Cash, Cash Equivalents and Short-Term Investments
9.05M	16.77M	12.67M	7.87M	16.58M	2.22M
	Total Assets
18.90M	26.31M	15.92M	11.29M	19.49M	3.93M
	Total Debt
205.94K	262.23K	366.66K	435.70K	495.99K	0.00
	Net Debt
-8.84M	-16.51M	-12.31M	-7.44M	-16.08M	-2.22M
	Total Liabilities
2.39M	3.43M	3.46M	3.20M	2.70M	1.46M
	Stockholders Equity
16.51M	22.88M	12.46M	8.08M	16.79M	2.47M
Cash Flow		Free 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
-208.20K	19.59M	16.94M	723.19K	20.51M	4.67M

DevEx Resources Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DEV, the sentiment is Negative. The current price of 0.08 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.08, and below the 200-day MA of 0.11, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 42.29 is Neutral, neither overbought nor oversold. The STOCH value of 14.73 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:DEV.

DevEx Resources Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMS	80 Outperform	$3.33B	9.40	26.42%	2.88%	54.37%	310.22%
GML	56 Neutral	AU$12.67M	4.92	8.76%	―	―	―
CHN	53 Neutral	€511.57M	―	-16.63%	―	―	57.93%
Sector *	51 Neutral	$2.02B	-1.14	-21.36%	3.64%	2.88%	-30.57%
DEV	44 Neutral	$33.13M	―	-56.94%	―	―	-17.74%
AUR	33 Underperform	$2.86M	―	-4.22%	―	―	91.30%

DevEx Resources Ltd Corporate Events

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.

DevEx Resources Advances Uranium Exploration with Promising Discoveries

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

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

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

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

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.