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Develop Global Limited
(Sydney:DVP)
Develop Global Limited (DVP) vs. iShares MSCI Australia ETF (EWA)
Develop Global Limited Business Overview & Revenue Model
Develop Global Limited Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 147.23M | 67.78M | 4.51M | 0.00 | 16.54K |
| Gross Profit | 100.07M | -11.13M | 873.35K | -415.39K | -1.27M |
| EBITDA | 14.13M | -1.33M | -8.63M | -89.37M | -2.52M |
| Net Income | -12.13M | -17.89M | -9.22M | -89.88M | -3.90M |
Balance Sheet | |||||
| Total Assets | 471.23M | 245.80M | 204.88M | 57.32M | 41.87M |
| Cash, Cash Equivalents and Short-Term Investments | 41.50M | 21.77M | 43.21M | 16.83M | 2.26M |
| Total Debt | 40.81M | 27.91M | 3.52M | 103.78K | 2.13M |
| Total Liabilities | 121.79M | 96.14M | 60.33M | 21.72M | 17.99M |
| Stockholders Equity | 349.27M | 149.66M | 144.55M | 35.60M | 23.88M |
Cash Flow | |||||
| Free Cash Flow | -22.75M | -27.76M | -15.61M | -5.01M | -6.40M |
| Operating Cash Flow | 11.00M | 12.24M | -6.62M | -2.43M | -2.55M |
| Investing Cash Flow | -32.15M | -38.62M | -25.47M | -2.43M | -3.85M |
| Financing Cash Flow | 40.88M | 4.92M | 58.49M | 19.43M | 3.74M |
Develop Global Limited Technical Analysis
Develop Global Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $34.55B | 5.25 | -11.40% | 1.91% | 5.47% | -20.39% | |
57 Neutral | $1.51B | ― | -2.13% | ― | 77.18% | 64.13% | |
| ― | $1.10B | 14.71 | 5.02% | 5.52% | ― | ― | |
| ― | $648.72M | 78.97 | ― | ― | ― | ||
38 Underperform | AU$1.76B | ― | -38.95% | ― | ― | -16.77% | |
| ― | AU$984.60M | ― | -13.59% | ― | ― | ― | |
45 Neutral | AU$1.07B | ― | -20.07% | ― | 173.87% | -27.93% |
Develop Global Limited Corporate Events
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 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 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.
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.
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 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 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 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.
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 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 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 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 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 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 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 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 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.
Develop Global Limited reported a net cash inflow from operating activities of $8.6 million for the quarter ending March 31, 2025, driven by significant receipts from customers. However, the company experienced a net cash outflow in investing activities amounting to $20.1 million, primarily due to substantial payments for property, plant, and equipment. The financing activities resulted in a net cash outflow of $6.5 million, influenced by repayments of borrowings. This financial update reflects the company’s ongoing capital investments and financial strategies to support its operational growth and market positioning.
Develop Global Limited has successfully produced its first copper concentrate at the Woodlawn Copper-Zinc Mine, achieving this milestone ahead of schedule and on budget. This development positions the company for significant cash flow growth in the upcoming June quarter, with the first shipment of copper concentrate scheduled for May 2025. The company has also made substantial progress in its mining operations, including the commissioning of major infrastructure and the commencement of underground stope production. The positive advancements at Woodlawn are expected to enhance Develop’s market position and financial performance, benefiting stakeholders through increased production capacity and cash generation.