Develop Global Ltd
ASX:DVP

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Develop Global Ltd
ASX:DVP
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Price: 5.65 AUD 1.62% Market Closed
Market Cap: AU$1.9B

EV/S

6.2
Current
17%
More Expensive
vs 3-y average of 5.3

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
6.2
=
Enterprise Value
AU$1.4B
/
Revenue
AU$289m

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
6.2
=
Enterprise Value
AU$1.4B
/
Revenue
AU$289m

Valuation Scenarios

Develop Global Ltd is trading above its 3-year average

If EV/S returns to its 3-Year Average (5.3), the stock would be worth AU$4.83 (14% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-30%
Maximum Upside
+97%
Average Upside
22%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 6.2 AU$5.65
0%
3-Year Average 5.3 AU$4.83
-14%
5-Year Average 8.5 AU$7.72
+37%
Industry Average 12.2 AU$11.16
+97%
Country Average 4.3 AU$3.95
-30%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
AU$1.4B
/
Jan 2026
AU$289m
=
6.2
Current
AU$1.4B
/
Jun 2026
AU$433.4m
=
3.3
Forward
AU$1.4B
/
Jun 2027
AU$625.6m
=
2.3
Forward
AU$1.4B
/
Jun 2028
AU$869.3m
=
1.6
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
AU
Develop Global Ltd
ASX:DVP
1.8B AUD 6.2 25.5
AU
BHP Group Ltd
ASX:BHP
284.9B AUD 3.9 19.6
AU
Rio Tinto Ltd
ASX:RIO
278.6B AUD 3.5 20
UK
Rio Tinto PLC
LSE:RIO
119.9B GBP 3.1 15.9
CH
Glencore PLC
LSE:GLEN
65.5B GBP 0.5 238.8
MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
1.5T MXN 5 18
SA
Saudi Arabian Mining Company SJSC
SAU:1211
248.9B SAR 7 33.9
CN
CMOC Group Ltd
SSE:603993
414.4B CNY 2 20.4
UK
Anglo American PLC
LSE:AAL
43.5B GBP 3.5 -15.4
CN
China Molybdenum Co Ltd
OTC:CMCLF
52.2B USD 1.7 17.7
ZA
African Rainbow Minerals Ltd
JSE:ARI
44.4B ZAR 2.6 34.6

Market Distribution

In line with most companies in Australia
Percentile
57th
Based on 1 982 companies
57th percentile
6.2
Low
0 — 1.9
Typical Range
1.9 — 14.5
High
14.5 —
Distribution Statistics
Australia
Min 0
30th Percentile 1.9
Median 4.3
70th Percentile 14.5
Max 1 646 389.2

Develop Global Ltd
Glance View

Market Cap
1.9B AUD
Industry
Metals & Mining

Develop Global Ltd. is an exploration, mines base, and metal resources company. The company is headquartered in Perth, Western Australia. The company went IPO on 2007-04-27. The company is engaged in resources exploration, focusing on base metals, and the development of its flagship Copper Zinc Sulphur Springs Project in Western Australia, as well as exploration across its other assets in the Pilbara region. Its projects include Sulphur Springs, Whim Creek Joint Venture and Geology & Exploration. The Sulphur Springs project is located 144 kilometers to the south east of Port Hedland and includes the Sulphur Springs and Kangaroo Caves deposits together with tenements along the 27 kilometers Panorama Trend, which provides commercial grade copper and zinc. The Whim Creek Copper-Zinc Project is located 115 kilometers to the south west of Port Hedland and includes the Whim Creek, Mons Cupri, Salt Creek and Evelyn deposits, which provides copper. Geology & Exploration project includes exploration and mining tenements covering approximately 27 kilometers.

DVP Intrinsic Value
6.4 AUD
Undervaluation 12%
Intrinsic Value
Price AU$5.65
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