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General Information

Devine Limited
Real Estate Development

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.67 $0.67 $0.69 $0.67 $0.67 75229 $0.01 ( 0.75% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Company Overview

Business Description
Devine Limited (DVN) is an Australian residential developer offering housing products in Queensland, Victoria and South Australia. DVN is segmented by four specialised business units working together. These business segments are: Devine Communities, Devine Home Building, Devine Apartments & Mixed Use Developments and Devine Constructions.
Strategy Analysis
DVN's business strategy is focused on geographic and product diversification through organic and acquisitive activities. There will also be a continued focus on selling developed land to other builders and introduce new housing designs on its residential estates. Devine reported NPAT down 43.12% to $4.15m for the half-year ended 31 December 2012. Revenue from ordinary activities were $173.05m, down 12.1% from last year. Basic and Diluted EPS were 2.6 cents compared to 4.6 cents last year. Net operating cash flow was $30.11m compared to $1.35m last year. No dividend was declared.

Financial Summary

Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014 A 7.5 4.8 0.0% 18.9 0.0 0.0% 0.0%
2013 A -3.0 -1.9 0.0% 0.0 0.0 0.0% 0.0%
2012 A 21.4 13.5 11.6% 5.8 4.0 5.2% 100.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Aveo (AOG) $1,423M -0.4157 0.0283 0.1427 28.9308 28.1346 24.6209 1.45% 1.81% 2.59%
Cedar Woods Properties (CWP) $417M 0.0797 0.0158 0.0678 9.7996 9.6474 9.0349 5.21% 5.30% 5.68%
Devine (DVN) $103M 0.0000 0.0000 0.0000 13.6842 0.0000 0.0000 0.00% 0.00% 0.00%
Villa World (VLW) $235M 0.0000 0.0000 0.0000 9.9626 0.0000 0.0000 7.04% 0.00% 0.00%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 14.00 0.42 0.00
Market 0.90 16.30 1.34 1.33
Sector 1.57 15.10 1.18 2.20


Name Position Start Date
Mr David Bruce Keir Chief Executive Officer, Managing Director 01/04/2010
Mr Peter James Dransfield Non-Executive Chairman 01/04/2010
Mr Mark Gray Non-Executive Director 27/05/2015
Mr Terrence (Terry) Michael Mackenroth Non-Executive Director 05/09/2005
Ms Judith Susan Downes Non-Executive Director 01/01/2013
Mr Jeff Cummings Non-Executive Director 28/05/2014
Mr David Robinson Non-Executive Director 27/05/2015


Name Position
Craig Bellamy Chief Financial Officer,Company Secretary
Paul Victor Cochrane Company Secretary
A S Brimblecombe General Manager: Communities
M Tucker General Manager: Construction
C C Mana General Manager: Development
S G Norris General Manager: Housing

Substantial Shareholders

Holding Name
80,368,643 (50.63%) Leighton Holdings Limited
14,025,880 (8.84%) Brazil Farming Pty Ltd

Calendar of Events

Date Event
28 March 2016 Report (Annual)
18 February 2016 Report (Prelim)
12 August 2015 Report (Interim)
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