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DEVEX Resources Ltd (DEV) fair value: what the stock is really worth

As of Oct 5, 2026: fair value of DEVEX Resources Ltd A$0.03, price A$0.17, upside -79.4%, quality 30 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Energy · AU · ISIN AU000000DEV5

DR Thin data Oct 4, 2026

DEVEX Resources Ltd

DEV · AU

Weakest SetupStrongly overvalued and low quality.

Low debt
Mixed Growth (revenue YoY +255.3 %/yr in AUD)
Fair value A$0.0340 · Strongly overvalued (−79.4%)
Quality 30/100
Negative free cash flow
Trails peers (1/7)
Narrow moat 10/100
Thin data
⚠ Dilution
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

A$0.7100 A$0.0660 Fair Value A$0.0340 Jul 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 4, 2026.

How to read this chart

60‑month range A$0.0660 – A$0.7100 · fair‑value band A$0.0170 – A$0.0340 · the A$0.1650 price screens above the A$0.0340 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 4, 2026.

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Company profile

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.

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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.

Stock analysis

DEVEX Resources Ltd (DEV) currently trades at A$0.1650, while our model-based Fair Value estimate is A$0.0340, 79.4% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the evidence level at low.

Scenario range: A$0.0170 (bear) to A$0.0340 (bull), the price of A$0.1650 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 30/100 (below-average quality), in the Energy sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

DEVEX Resources Ltd reported revenue of A$355K in FY2025 versus A$0 in FY2021. Reported net income was −A$18.2M in FY2026.

Key figures

Market cap A$121M (≈ $83.8M) · EPS (TTM) A$−0.0300 · Return on equity −74.8% · Return on assets (EBIT) −67.9% · Operating margin −27,364% · Revenue growth (YoY) −14.3% · Free cash flow −A$8.8M · Net cash A$27.0M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 48% below its 52-week high and 50% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Energy peers we cover trades at −60% fair-value upside, at −79%, DEV screens richer than that median.

Fair Value models

Bear A$0.0170 Fair Value A$0.0340 Bull A$0.0340
Price A$0.1650 · Upside -79.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
NCAV (Graham) A$0.0200 A$0.0300 A$0.0500 52
All 1 models by family
Asset-Based
NCAV (Graham) A$0.0200 A$0.0300 A$0.0500 52

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Quality Score breakdown

Overall quality 30/100

Of which business quality 30 · Market factors (momentum, volatility) 40

Profitability 0
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 27/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+255.3%
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.9%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−288.5% (2019) → −2,633.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

DEV screens overvalued: fair value 79% below the price. Compare with Cameco Corporation →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Uranium · 23 stocks

Beats the industry median on 0/5 measures
Overall it trails its industry peers.
Valuation
Quality Score 30 · Below median
Fair Value upside −80.0% · Bottom 25%
Profitability
Return on assets −43.4% · Bottom 25%
Growth and dividend
Revenue growth −14.3% · Below median

Valuation Multiplesvs Uranium median · lower = cheaper

P/B 2.40× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 0
PAST (return on equity)0 · sector 0
HEALTH (low debt)100 · sector 97
DIVIDEND (yield)0 · sector 0

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

Similar stocks

10 more Uranium stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Cameco Corporation CCJ $85.18 $10.06 −88%
Centrus Energy Corp LEU $139.27 $55.95 −60%
CGN Mining Company 1164 HK$2.12 HK$1.38 −35%
Uranium Royalty Corp UROY $3.97 $1.62 −59%
Deep Yellow Limited DYL A$1.17 A$0.4300 −63%
Boss Energy Limited BOE A$1.54 A$0.6000 −61%
Atha Energy Corp SASK C$1.07 C$0.4100 −62%
enCore Energy Corp EU C$1.45 C$1.12 −23%
Berkeley Energia Limited BKY €0.2955 €0.1000 −66%
Alligator Energy Limited AGE A$0.0360 A$0.0266 −26%

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DEVEX Resources Ltd · Fair Value
A$0.0340 −79%Fair Value
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Cite: Fair Value Calculator (2026). "DEVEX Resources Ltd Fair Value". https://www.fairvalue-calculator.com/stock/DEV

Frequently asked questions

Is DEVEX Resources Ltd (DEV) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of A$0.0340 versus a price of A$0.1650, about −79% upside (overvalued).
What is the fair value of DEV?
Our model-based fair value for DEVEX Resources Ltd is A$0.0340 (as of Oct 4, 2026), built from audited fundamentals. The current price: A$0.1650.
What is the quality score of DEV?
DEVEX Resources Ltd has a Quality Score of 30/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for DEVEX Resources Ltd (DEV)?
Our model-based price target is the fair value of A$0.0340 (as of Oct 4, 2026) from 1 valuation models. Cautious scenario A$0.0170, optimistic scenario A$0.0340. It is a calculation from audited fundamentals, not an analyst target.
What is the DEVEX Resources Ltd stock forecast for 2026?
Our models put fair value at A$0.0340, about −79% upside versus a price of A$0.1650 (overvalued). Cautious scenario A$0.0170, optimistic scenario A$0.0340. The calculation is refreshed regularly with new filings.
What is the intrinsic value of DEVEX Resources Ltd (DEV)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DEVEX Resources Ltd it is A$0.0340 per share (as of Oct 4, 2026), against a price of A$0.1650. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is DEVEX Resources Ltd stock overvalued or undervalued in 2026?
As of Oct 4, 2026, DEV trades above its calculated fair value: price A$0.1650, fair value A$0.0340, a gap of about −79% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DEV?
No. The price is what the market pays today (A$0.1650); the fair value is what the company's own numbers justify (A$0.0340). For DEVEX Resources Ltd the two are A$0.1310 per share apart. That gap is exactly why we show both numbers side by side.
How much is DEVEX Resources Ltd worth?
The market values DEVEX Resources Ltd at about A$121M (market capitalisation, as of Oct 4, 2026). Per share that is A$0.1650; our models calculate a fair value of A$0.0340 per share.
What do the bullish and bearish scenarios say about DEV?
Our models span a range for DEVEX Resources Ltd: cautious scenario A$0.0170, base A$0.0340, optimistic A$0.0340 per share (as of Oct 4, 2026, price A$0.1650). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of DEVEX Resources Ltd (DEV)?
Balance-sheet figures for DEVEX Resources Ltd (as of Oct 4, 2026): return on equity −74.8%. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is DEV from its 52-week high?
DEVEX Resources Ltd trades at A$0.1650, about 48% below its 52-week high of A$0.3200 and 50% above the low of A$0.1100 (as of Oct 5, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0340 is for.
Which stocks are comparable to DEVEX Resources Ltd?
From the same area (Energy) we also value Cameco Corporation, Centrus Energy Corp, CGN Mining Company, Uranium Royalty Corp, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is DEVEX Resources Ltd stock attractive at the current price?
The data as of Oct 4, 2026: price A$0.1650, calculated fair value A$0.0340 (−79%), Quality Score 30/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DEV calculated?
We run DEVEX Resources Ltd through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$0.0340, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.0 % above its aggregate fair value. DEVEX Resources Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of DEVEX Resources Ltd (DEV)?
The closing price on Oct 5, 2026 was A$0.1650. Our model-based fair value is A$0.0340, about −79% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DEVEX Resources Ltd right now?
The price sits above even our optimistic bull case (A$0.0340). The favourable scenario is already priced in. Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (A$0.0170 to A$0.0340) leaves room in how you read the outcome.

Key figures of DEVEX Resources Ltd

How large is the market capitalisation of DEVEX Resources Ltd (DEV)?
The market capitalisation of DEVEX Resources Ltd is A$121M (≈ $83.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of DEVEX Resources Ltd (DEV)?
Earnings per share at DEVEX Resources Ltd are A$−0.0300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of DEVEX Resources Ltd (DEV)?
The return on equity (ROE) of DEVEX Resources Ltd is −74.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of DEVEX Resources Ltd (DEV)?
On an EBIT basis the return on assets of DEVEX Resources Ltd is −67.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of DEVEX Resources Ltd (DEV)?
The operating margin of DEVEX Resources Ltd is −27,364% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DEVEX Resources Ltd (DEV)?
Revenue at DEVEX Resources Ltd is growing −14.3% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does DEVEX Resources Ltd (DEV) generate?
The free cash flow of DEVEX Resources Ltd is −A$8.8M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does DEVEX Resources Ltd (DEV) hold?
DEVEX Resources Ltd holds more cash than debt, A$27.0M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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