Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

General Information

Devine Limited
DVN
http://www.devine.com.au
Real Estate Development
127
159

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.78 $0.79 $0.80 $0.78 $0.80 311219 $0.02 ( 2.50% )
  • +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) $1,399M -0.4157 0.0912 0.0941 29.3501 26.8972 24.5830 1.43% 1.79% 2.57%
Cedar Woods Properties (CWP) $422M 0.0797 0.0158 0.0678 9.9295 9.7753 9.1547 5.14% 5.23% 5.61%
Devine (DVN) $127M 0.0000 0.0000 0.0000 16.8421 0.0000 0.0000 0.00% 0.00% 0.00%
Villa World (VLW) $248M 0.0000 0.0000 0.0000 10.5239 0.0000 0.0000 6.67% 0.00% 0.00%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 16.80 0.51 0.00
Market 1.01 17.00 1.33 1.59
Sector 1.57 15.00 1.18 2.32

Directors

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 Terrence (Terry) Michael Mackenroth Non-Executive Director 05/09/2005
Mr Graeme Ewen McOrist Non-Executive Director 26/04/2007
Ms Judith Susan Downes Non-Executive Director 01/01/2013
Mr Jeff Cummings Non-Executive Director 28/05/2014

Management

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)
27 May 2015 AGM
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.