Who are Develop Global's main competitors?

Named competitors: Perenti (PRN.AX), Byrnecut (private) (private or unlisted). The cockpit's measured peer set (industry) also includes Jiangyin Electrical Alloy (300697.SZ), Jinzhou Yongshan Lithium (603399.SS), GRIPM Advanced Materials (688456.SS), IMC Rare Earths (IMC), Luyang Energy-Saving Materials (002088.SZ), Talon Metals (TLO.TO).

Is Develop Global expensive compared with its peers?

On forward p/e it trades at 11.8× against a peer median of 28.6×, 3rd cheapest of 9 in its peer set.

How has Develop Global stock performed?

Over six months to 6 Nov 2026 the shares returned -42.8% against -13.6% for the median peer; over one year +3.5%.

← CockpitCompetitor Analysis › DVP.AX Develop Global LimitedOpen in the cockpit ↗

Develop Global LimitedDVP.AXCompetitor analysis, valuation and peers

Australia · AUD·Materials›Other Metals/Minerals

Australian underground mining contractor and developer, building its own Woodlawn zinc-copper mine while providing mining services to others.

≈ A mining contractor turned mine owner-operatorMomentum laggard 10

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$801M

US dollars, full cap

Free float

78%

of shares outstanding

$/day

$4.41M

20-day average traded

Fwd P/E

11.8×

forward earnings

ROIC−WACC

-7.8 pp

WACC 9.4%

Hurdle

n/a

no reverse DCF

Next earnings

129 days

15 Mar 2027

Close · AUDA$3.55

1D-10.1%

1W-9.2%

1M-17.4%

3M-28.4%

6M-42.8%

YTD-23.8%

1Y+3.5%

ATR %7.2%

52w lowhigh53.8% off high

What Develop Global does

Australian underground mining contractor and developer, building its own Woodlawn zinc-copper mine while providing mining services to others.

In one line: A mining contractor turned mine owner-operator.

Products and services

Underground mining services
Woodlawn zinc-copper project

Customers

Third-party mine owners (contracting)
Zinc/copper concentrate buyers

Where it sits in the supply chain

Mining services
Underground mining contracting
Own-mine development (Woodlawn)

What could go right

Zinc/copper price strength
New mining services contract wins

What could go wrong

Commodity price cyclicality
Ramp-up/execution risk at Woodlawn

Moat: narrow (process know-how). Specialist underground mining expertise supports both contract work and its own project development.

Headquarters: Perth, Australia · Founded: 2007

Named competitors

Perenti PRN.AX
Byrnecut (private) private or unlisted

Develop Global at a glance

Size Develop Global (DVP.AX) is an Australia Materials company (Other Metals/Minerals) with a market value of $801M, the 207th largest of 316 Australia companies the cockpit tracks. Shares closed at A$3.55 on 6 Nov 2026.

Performance Over six months the shares fell 42.8%, against -13.6% for the median peer and +4.1% for the Australia market (cap-weighted) — 3rd lowest of 20 in its peer set.

Growth Revenue grew 67.9% over the last twelve months (peer median +28.6%); the operating margin is 4.0% (peer median 5.3%).

Valuation It trades at 11.8× forward earnings against a peer median of 28.6× (3rd cheapest of 9).

Capital Return on invested capital runs 7.8 points below its cost of capital (9.4% WACC).

Next results Next results expected around 15 Mar 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Develop Global against the median of its 20 peers (local-currency closes).

Develop Global financials

Reported figures in AUD; fiscal year ends 2026-06-30. TTM = trailing twelve months.
	TTM	FY2026	FY2025	FY2024	FY2023
Revenue	A$389M	A$389M	A$231M	A$147M	A$67.8M
Revenue growth	—	+68%	+57%	+117%	—
Gross profit	A$23.8M	A$23.8M	A$5.31M	-A$1.31M	A$545,940
EBITDA	A$39.0M	A$39.0M	A$26.1M	A$12.9M	-A$3.77M
Net income	A$8.19M	A$8.19M	A$72.4M	-A$12.1M	-A$17.9M
Free cash flow	-A$13.5M	-A$13.5M	-A$50.5M	-A$737,150	A$3.82M
Capital expenditure	A$113M	A$113M	A$63.0M	A$30.6M	A$40.0M
Total debt	n/a	A$141M	A$158M	A$40.8M	A$27.9M

Quarterly statements and history in the cockpit →

Develop Global competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Develop Global is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Develop Global is the large dot.

Develop Global competitors and peer comparison

Head to head with its named competitors (DVP.AX vs PRN.AX)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Develop Global DVP.AX	$801M	-43%	+68%	4%	11.8×	n/a
Perenti PRN.AX	$1.31B	-8%	-4%	9%	10.3×	-9.8%

How Develop Global compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Develop Global against its 20 peers (data as of 6 Nov 2026)
Measure	DVP.AX	Peer median	Rank in peer set
1-month return	-17.4%	-17.4%	11th highest of 21
6-month return	-42.8%	-13.6%	3rd lowest of 20
Distance from 52-week high	-53.8%	-37.9%	6th lowest of 21
Revenue growth (TTM)	+67.9%	+28.6%	2nd highest of 15
Operating margin	4.0%	5.3%	6th lowest of 16
Forward P/E	11.8×	28.6×	3rd cheapest of 9
ROIC minus cost of capital	-7.8 pp	-5.2 pp	8th lowest of 18
EV / EBITDA	30.3×	18.2×	3rd most expensive of 7
Net debt / EBITDA	0.7×	0.0×	2nd most indebted of 7

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Develop Global DVP.AX	Australia	$801M	-43%	+68%	4%	11.8×	n/a	n/a
Jiangyin Electrical Alloy 300697.SZ	China	$791M	-24%	+54%	5%	n/a	n/a	n/a
Jinzhou Yongshan Lithium 603399.SS	China	$821M	-45%	+50%	2%	n/a	n/a	n/a
GRIPM Advanced Materials 688456.SS	China	$780M	-24%	+34%	2%	49.6×	n/a	n/a
IMC Rare Earths IMC	United States	$824M	n/a	n/a	n/a	n/a	n/a	n/a
Luyang Energy-Saving Materials 002088.SZ	China	$837M	+12%	-21%	1%	58.4×	20.8%	+1.3%
Talon Metals TLO.TO	Canada	$839M	+3%	n/a	3%	17.9×	n/a	n/a
Imperial Metals III.TO	Canada	$759M	-2%	+5%	32%	7.6×	-7.6%	+36.1%
Mishra Dhatu Nigam MIDHANI.NS	India	$753M	-8%	+18%	14%	39.9×	45.3%	+8.2%
Alnera Aluminium 301613.SZ	China	$749M	-36%	+31%	5%	n/a	13.7%	+56.0%
Infund 002141.SZ	China	$738M	+32%	-3%	11%	n/a	8.4%	+3.8%
Talamore Mining TALA.TO	Canada	$728M	-32%	n/a	n/a	n/a	n/a	n/a
NorthIsle Copper and Gold NCX.V	Canada	$725M	+3%	n/a	n/a	n/a	n/a	n/a
Gold Royalty GROY	United States	$723M	-14%	+82%	23%	39.4×	54.3%	+58.2%
Lithium Americas LAC.TO	Canada	$712M	-64%	n/a	n/a	n/a	n/a	n/a
Wenzhou Hongfeng Electrical Alloy 300283.SZ	China	$712M	-23%	+48%	5%	n/a	n/a	n/a
Changsha Dialine New Material Sci.&Tech 300700.SZ	China	$903M	-13%	+14%	-23%	n/a	n/a	n/a
Amerigo Resources ARG.TO	Canada	$910M	+24%	+54%	41%	12.2×	3.8%	+13.4%
Osisko Metals OM.TO	Canada	$911M	-16%	n/a	n/a	n/a	n/a	n/a
Sandur Manganese & Iron Ores SANDUMA.NS	India	$914M	-18%	+21%	20%	n/a	13.8%	+46.8%
Metals X MLX.AX	Australia	$934M	-11%	+26%	53%	7.2×	-10.3%	+31.2%

Questions

Who are Develop Global's main competitors?: Named competitors: Perenti (PRN.AX), Byrnecut (private) (private or unlisted). The cockpit's measured peer set (industry) also includes Jiangyin Electrical Alloy (300697.SZ), Jinzhou Yongshan Lithium (603399.SS), GRIPM Advanced Materials (688456.SS), IMC Rare Earths (IMC), Luyang Energy-Saving Materials (002088.SZ), Talon Metals (TLO.TO).
Is Develop Global expensive compared with its peers?: On forward p/e it trades at 11.8× against a peer median of 28.6×, 3rd cheapest of 9 in its peer set.
How has Develop Global stock performed?: Over six months to 6 Nov 2026 the shares returned -42.8% against -13.6% for the median peer; over one year +3.5%.