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Develop Global Limited (AU:DVP)
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Develop Global Limited (DVP) AI Stock Analysis

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AU:DVP

Develop Global Limited

(OTC:DVP)

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Outperform 70 (OpenAI - 4o)
Rating:70Outperform
Price Target:
AU$4.50
▲(4.17% Upside)
Develop Global Limited's overall stock score is driven by strong technical analysis and reasonable valuation. The company's financial performance shows robust revenue growth and a stable balance sheet, but profitability and cash flow challenges remain. The absence of earnings call data and corporate events means these factors do not influence the score.

Develop Global Limited (DVP) vs. iShares MSCI Australia ETF (EWA)

Develop Global Limited Business Overview & Revenue Model

Company DescriptionDevelop Global Limited, together with its subsidiaries, engages in the exploration and development of mineral resource properties in Australia. It primarily explores for copper, zinc, lead, silver, and gold deposits. The company's flagship project is the Sulphur Springs project that includes Sulphur Springs and Kangaroo Caves deposits and tenements located to the south east of Port Hedland. The company was formerly known as Venturex Resources Limited and changed its name to Develop Global Limited in October 2021. Develop Global Limited was incorporated in 2006 and is based in West Leederville, Australia.
How the Company Makes MoneyDevelop Global Limited generates revenue through multiple streams, primarily by offering consulting and software development services on a project basis. The company charges clients fees for bespoke software solutions, which vary based on project complexity and duration. Additionally, DVP has established recurring revenue through maintenance and support contracts for the software it develops, ensuring a continuous income stream. Strategic partnerships with technology providers and industry leaders further bolster its revenue, allowing DVP to offer integrated solutions that attract more clients. The company also engages in training and development programs for client teams, creating another layer of income through workshops and certification courses.

Develop Global Limited Financial Statement Overview

Summary
Develop Global Limited demonstrates strong revenue growth and a stable balance sheet with low leverage. However, the company faces profitability and cash flow challenges, with negative margins and free cash flow. The financial health is supported by a strong equity base, but operational inefficiencies need to be addressed to improve overall financial performance.
Income Statement
65
Positive
Develop Global Limited has shown a strong revenue growth rate of 18.77% in the latest year, indicating robust top-line expansion. However, the company struggles with profitability, as evidenced by negative EBIT and net profit margins. The gross profit margin is positive, but the net income is significantly bolstered by non-operating items, suggesting underlying operational challenges.
Balance Sheet
70
Positive
The balance sheet reflects a strong equity position with a debt-to-equity ratio of 0.25, indicating low leverage and financial stability. The equity ratio is healthy, suggesting a solid asset base funded by equity. However, the return on equity is negative, highlighting inefficiencies in generating returns from shareholders' investments.
Cash Flow
60
Neutral
The cash flow statement shows a significant improvement in free cash flow growth, but the free cash flow remains negative, indicating cash outflows from operations. The operating cash flow to net income ratio is positive, suggesting some level of cash generation from operations, but the free cash flow to net income ratio is negative, pointing to cash management challenges.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue231.91M231.47M147.23M67.78M4.51M0.00
Gross Profit89.79M22.13M100.07M-11.13M873.35K-415.39K
EBITDA19.90M26.96M14.13M-1.33M-8.63M-89.37M
Net Income72.39M72.39M-12.13M-17.89M-9.22M-89.88M
Balance Sheet
Total Assets898.08M898.08M471.23M245.80M204.88M57.32M
Cash, Cash Equivalents and Short-Term Investments58.63M58.63M41.50M21.77M43.21M16.83M
Total Debt158.29M158.29M40.81M27.91M3.52M103.78K
Total Liabilities267.67M267.67M121.79M96.14M60.33M21.72M
Stockholders Equity629.96M629.96M349.27M149.66M144.55M35.60M
Cash Flow
Free Cash Flow-48.10M-47.71M-22.75M-27.76M-15.61M-5.01M
Operating Cash Flow12.62M12.62M11.00M12.24M-6.62M-2.43M
Investing Cash Flow-84.40M-84.40M-32.15M-38.62M-25.47M-2.43M
Financing Cash Flow88.90M88.90M40.88M4.92M58.49M19.43M

Develop Global Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price4.32
Price Trends
50DMA
4.01
Positive
100DMA
4.29
Positive
200DMA
3.57
Positive
Market Momentum
MACD
0.11
Negative
RSI
54.59
Neutral
STOCH
42.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DVP, the sentiment is Positive. The current price of 4.32 is above the 20-day moving average (MA) of 4.25, above the 50-day MA of 4.01, and above the 200-day MA of 3.57, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 54.59 is Neutral, neither overbought nor oversold. The STOCH value of 42.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:DVP.

Develop Global Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
$2.60B21.446.57%2.62%4.41%14.44%
70
Outperform
AU$1.41B16.0914.22%57.22%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
53
Neutral
$1.11B81.40
47
Neutral
AU$887.07M-13.97%620.73%-21.19%
38
Underperform
AU$2.61B-50.19%-20.85%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:DVP
Develop Global Limited
4.32
1.80
71.43%
AU:PRN
Perenti Global
2.77
1.66
149.32%
AU:BCI
BCI Minerals Ltd
0.39
0.07
22.22%
AU:IPX
Iperionx Limited
7.77
4.37
128.53%
AU:VUL
Vulcan Energy Resources Ltd.
6.59
1.77
36.72%
AU:A4N
Alpha HPA Limited
0.78
-0.30
-27.78%

Develop Global Limited Corporate Events

Develop Global Accelerates Growth with Key Milestones and Strategic Funding
Jul 27, 2025

Develop Global Limited has reported significant progress in the June 2025 quarter, marked by the first sales from its Woodlawn Copper-Zinc Mine and the commencement of earthworks at the Sulphur Springs project. The company raised A$180 million to accelerate its growth strategy, which includes advancing underground development and increasing production capacity. This strategic move aims to de-risk project construction and enhance funding options, positioning Develop Global for rapid growth and increased stakeholder value. The company’s focus on extending mine life and exploring partnership opportunities reflects its commitment to capitalizing on the strong demand for copper and zinc.

The most recent analyst rating on (AU:DVP) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.

Develop Global Limited Reports Challenging Cash Flow Quarter
Jul 27, 2025

Develop Global Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $11.369 million, despite receiving $62.178 million from customers. The company also experienced a net cash outflow from investing activities amounting to $13.368 million, primarily due to significant expenditures on property, plant, and equipment. Financing activities resulted in a net cash outflow of $11.741 million, with proceeds from the exercise of options partially offsetting repayments of borrowings. This financial performance indicates a challenging quarter for Develop Global Limited, with implications for its liquidity and ongoing operational strategies.

The most recent analyst rating on (AU:DVP) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.

Develop Global Announces Change in Substantial Shareholding
Jul 4, 2025

Develop Global Limited has announced a change in the substantial holding of its shares by William James Beament. The change, effective from July 3, 2025, was due to a dilution resulting from the issuance of 40,000,000 new fully paid ordinary shares as part of an institutional placement. This development has reduced Beament’s voting power from 22.37% to 19.64%, reflecting a shift in shareholder dynamics and potentially impacting the company’s governance and strategic decisions.

The most recent analyst rating on (AU:DVP) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.

Develop Global Limited Raises $180 Million Through Share Issuance
Jul 3, 2025

Develop Global Limited has successfully raised approximately $180 million through the issuance of 40 million new fully paid ordinary shares at $4.50 each. This strategic move, announced on June 25, 2025, allows the shares to be traded immediately under the exemption provided by section 708A(5) of the Corporations Act, enhancing the company’s financial flexibility and market positioning.

The most recent analyst rating on (AU:DVP) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.

Develop Global Limited Issues 40 Million New Securities
Jul 2, 2025

Develop Global Limited has announced the issuance of 40,000,000 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code DVP. This move is part of previously announced transactions, and it signifies the company’s efforts to strengthen its capital structure, potentially impacting its market positioning and providing opportunities for stakeholders to engage with its growth trajectory.

The most recent analyst rating on (AU:DVP) stock is a Buy with a A$4.70 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.

Mitsubishi UFJ Financial Group Ceases Substantial Holding in Develop Global Limited
Jul 1, 2025

Develop Global Limited has announced that Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in the company. This change in substantial holding is due to the purchase of securities by an entity controlled by Morgan Stanley, affecting a significant number of fully paid ordinary shares. The implications of this change could impact the company’s shareholder structure and market perception.

The most recent analyst rating on (AU:DVP) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.

Mitsubishi UFJ Financial Group Gains Substantial Holding in Develop Global Limited
Jun 30, 2025

Develop Global Limited has announced that Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in the company. Mitsubishi UFJ Financial Group, Inc. now holds a significant voting power in Develop Global Limited, which could influence the company’s strategic decisions and impact its market positioning. This development may have implications for stakeholders, as the increased voting power could affect future company policies and governance.

The most recent analyst rating on (AU:DVP) stock is a Buy with a A$4.70 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.

Develop Global Limited Targets A$180 Million in Equity Raising to Boost Growth
Jun 25, 2025

Develop Global Limited has announced an equity raising initiative targeting approximately A$180 million through a non-underwritten placement of fully paid ordinary shares to strategic investors and institutions. This move aims to accelerate the company’s growth and strengthen its position in the energy transition metals market, although the success of the fundraising is not guaranteed.

The most recent analyst rating on (AU:DVP) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.

Develop Global Limited Announces Major Securities Issuance
Jun 25, 2025

Develop Global Limited has announced a proposed issuance of 40,000,000 ordinary fully paid securities, scheduled for July 3, 2025. This move is part of the company’s strategy to enhance its market presence and operational capacity, potentially impacting its industry positioning and offering new opportunities for stakeholders.

The most recent analyst rating on (AU:DVP) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.

Develop Global Secures $180 Million for Strategic Growth in Copper and Zinc Projects
Jun 25, 2025

Develop Global Limited has successfully raised $180 million through an institutional placement to accelerate its growth strategy. The funds will be used to advance the development of the Sulphur Springs and Woodlawn projects, extend mine lives, and explore new partnership opportunities. This strategic move positions Develop to capitalize on the increasing global demand for copper and zinc, potentially enhancing shareholder value and strengthening its market position.

The most recent analyst rating on (AU:DVP) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.

William Beament Increases Stake in Develop Global Limited
Jun 18, 2025

Develop Global Limited has experienced a change in the interests of a substantial holder, William James Beament, who has increased his voting power in the company. The voting power has risen from 18.62% to 22.37% due to the acquisition of additional shares. This change may impact the company’s governance and decision-making processes, potentially influencing its strategic direction and affecting stakeholders.

The most recent analyst rating on (AU:DVP) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.

Develop Global Limited Announces Change in Director’s Interest
Jun 18, 2025

Develop Global Limited has announced a change in the director’s interest, specifically involving William James Beament, who is a trustee and beneficiary of the Beament Family Trust. The company operates within the mining and infrastructure sectors, focusing on the development and management of key resources and assets. The announcement details Beament’s acquisition of 14,000,000 ordinary shares through the exercise of options, which were previously approved by shareholders. This change reflects a significant increase in Beament’s direct holdings, potentially impacting the company’s governance and shareholder dynamics.

The most recent analyst rating on (AU:DVP) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.

Develop Global Limited Announces Quotation of New Securities
Jun 18, 2025

Develop Global Limited has announced the quotation of new securities on the Australian Securities Exchange (ASX). The company is issuing 14,004,859 ordinary fully paid securities, with a significant portion being issued on June 18, 2025. This move is part of the company’s strategic financial operations, potentially impacting its market positioning and offering new opportunities for investors.

The most recent analyst rating on (AU:DVP) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.

Develop Global Limited Begins Concentrate Production, Expands Workforce
Jun 5, 2025

Develop Global Limited has commenced concentrate production, marking a significant milestone in its operations. The company has rapidly expanded its workforce to 600 personnel and filled all required roles at Woodlawn ahead of schedule, highlighting its competitive advantage in underground mining capabilities.

The most recent analyst rating on (AU:DVP) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.

Develop Global Advances Sulphur Springs Project with Key Developments
May 28, 2025

Develop Global Limited has commenced substantial earthworks at its Sulphur Springs zinc-copper project in Western Australia, marking a significant milestone in the project’s development. The company is focusing on constructing the underground decline and preparing surface infrastructure, which is expected to de-risk the project and enhance productivity. The updated definitive feasibility study (DFS) is scheduled for completion in the December 2025 quarter, potentially increasing the project’s financial returns and providing more funding options. This strategic approach mirrors the successful methods used at the Woodlawn mine, aiming to improve mining efficiency and reduce costs.

The most recent analyst rating on (AU:DVP) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.

Develop Global Limited Announces Cessation of Securities
May 16, 2025

Develop Global Limited has announced the cessation of certain securities, specifically options expiring on various dates and prices, totaling 84,974 units. This cessation, effective as of May 14, 2025, may impact the company’s capital structure and could have implications for stakeholders, particularly in terms of the company’s financial strategy and market operations.

The most recent analyst rating on (AU:DVP) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.

Develop Global Limited Announces Quotation of New Securities
May 16, 2025

Develop Global Limited has announced the application for the quotation of 28,735 ordinary fully paid securities on the ASX, with the issue date set for May 14, 2025. This move is part of the company’s strategy to enhance its market presence and liquidity, potentially impacting its operations by increasing investor interest and stakeholder engagement.

The most recent analyst rating on (AU:DVP) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.

Develop Global Limited Issues New Shares for Woodlawn Mine Milestone
May 6, 2025

Develop Global Limited announced the issuance of 1,712,329 fully paid ordinary shares to OMF Fund II (H) Ltd as part payment for a milestone under a Co-operation Deed related to the Woodlawn Mine. This issuance allows the shares to be traded immediately under the exemption in section 708A(5) of the Corporations Act 2001, indicating compliance with relevant legal provisions and enhancing liquidity for stakeholders.

Develop Global Limited Announces Proposed Securities Issue
May 5, 2025

Develop Global Limited has announced a proposed issue of 1,712,329 ordinary fully paid securities, with the issue date set for May 5, 2025. This move is part of a placement or other type of issue, aimed at enhancing the company’s financial operations and market presence. The announcement signifies a strategic step in aligning with ASX Listing Rules, potentially impacting stakeholders by increasing the liquidity and marketability of the company’s securities.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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.Date of analysis: Oct 02, 2025