DevEx Resources Limited (DEV) Fair Value & Analysis
Basic Materials · AU · Market cap A$135M
Fair value as of: Jun 24, 2026
From 2 valuation models · updated 6 days ago
Share price +22.0% over the past month.
Price vs Fair Value (12 months)
12‑month range A$0.0694 – A$0.3264 · fair‑value band A$0.0300 – A$0.0400 · the A$0.2550 price screens above the A$0.0300 fair value. As of Jun 24, 2026.
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DevEx Resources Limited (DEV) currently trades at A$0.2550, while our model-based Fair Value estimate is A$0.0300 — implying the stock looks roughly 88.2% overvalued today. We read business quality at 95/100 (high quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).
It earns a return on equity of -36.1%. The balance sheet holds a net cash position of A$7.0M. Fundamentals as of Jun 24, 2026
Key figures & financial health
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
DevEx Resources Limited operates as a uranium exploration company in Australia. The company's principal projects are the Nabarlek uranium project and the Murphy West uranium project located in the Northern Territory. It also holds Kennedy Rare Earth Elements Project located in North Queensland. The company was formerly known as Uranium Equities Limited and changed its name to DevEx Resources Limited in November 2017. DevEx Resources Limited was incorporated in 1969 and is based in West Perth, Australia.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
DevEx Resources Limited reported revenue of A$355K in FY2025 versus A$0 in FY2021. Reported net income was −A$9.1M in FY2025.
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.