First Development Resources (LSE:FDR) Enterprise Value: £2.26 Mil (As of Jun. 29, 2026) ***


What is First Development Resources Enterprise Value?

First Development Resources LSE:FDR -8.62% Enterprise Value is £2.26 Mil as of Jun. 29, 2026. The stock has 3 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, First Development Resources's Enterprise Value is £2.26 Mil. First Development Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was £-1.21 Mil. Therefore, First Development Resources's EV-to-EBIT ratio for today is -1.88.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, First Development Resources's Enterprise Value is £2.26 Mil. First Development Resources's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was £-1.21 Mil. Therefore, First Development Resources's EV-to-EBITDA ratio for today is -1.88.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, First Development Resources's Enterprise Value is £2.26 Mil. First Development Resources's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was £0.00 Mil. Therefore, First Development Resources's EV-to-Revenue ratio for today is .

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, First Development Resources's Enterprise Value is £2.26 Mil. First Development Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was £-0.98 Mil. Therefore, First Development Resources's EV-to-OCF ratio for today is -2.31.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, First Development Resources's Enterprise Value is £2.26 Mil. First Development Resources's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was £-1.58 Mil. Therefore, First Development Resources's EV-to-FCF ratio for today is -1.43.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.

First Development Resources  (LSE:FDR) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

First Development Resources's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=2.264/-1.206
=-1.88

First Development Resources's current Enterprise Value is £2.26 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. First Development Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was £-1.21 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

First Development Resources's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=2.264/-1.205
=-1.88

First Development Resources's current Enterprise Value is £2.26 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. First Development Resources's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was £-1.21 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

First Development Resources's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=2.264/0
=

First Development Resources's current Enterprise Value is £2.26 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. First Development Resources's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was £0.00 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

First Development Resources's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=2.264/-0.979
=-2.31

First Development Resources's current Enterprise Value is £2.26 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. First Development Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was £-0.98 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

First Development Resources's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=2.264/-1.583
=-1.43

First Development Resources's current Enterprise Value is £2.26 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. First Development Resources's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was £-1.58 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Development Resources Enterprise Value Related Terms

First Development Resources Enterprise Value Historical Data

* Premium members only.

The historical data trend for First Development Resources's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Development Resources Enterprise Value Chart

First Development Resources Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Enterprise Value
0.00 0.00 0.00 0.00

First Development Resources Semi-Annual Data
Jun22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Enterprise Value Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 2.96

First Development Resources Enterprise Value Competitor Comparison

For the Other Industrial Metals & Mining subindustry, First Development Resources's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Development Resources Enterprise Value vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, First Development Resources's Enterprise Value distribution charts can be found below:

* The bar in red indicates where First Development Resources's Enterprise Value falls into.


First Development Resources Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

First Development Resources's Enterprise Value for the fiscal year that ended in Jun. 2025 is calculated as

Enterprise Value (A: Jun. 2025 )
=Market Cap+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=0+0+0
+Short-Term Debt & Capital Lease Obligation+Minority Interest-Cash, Cash Equivalents, Marketable Securities
+0.389+0-0.017
=0.37

First Development Resources's Enterprise Value for the quarter that ended in Dec. 2025 is calculated as

Enterprise Value (Q: Dec. 2025 )
=Market Cap+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=4.3845795+0+0
+Short-Term Debt & Capital Lease Obligation+Minority Interest-Cash, Cash Equivalents, Marketable Securities
+0.136+0-1.561
=2.96

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of £2.26 Mil mean?
First Development Resources (LSE:FDR) has a Enterprise Value of £2.26 Mil as of Jun. 29, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on First Development Resources and its competitors.
Is First Development Resources' Enterprise Value too high?
First Development Resources' current Enterprise Value is £2.26 Mil.
How does First Development Resources' Enterprise Value compare to competitors?
First Development Resources' Enterprise Value of £2.26 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Metals & Mining company?
A good Enterprise Value depends on the Metals & Mining industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on First Development Resources and its competitors. First Development Resources's current Enterprise Value is £2.26 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Development Resources stock overvalued right now?
First Development Resources (LSE:FDR) has a current Enterprise Value of £2.26 Mil. The current Enterprise Value is £2.26 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For First Development Resources (LSE:FDR), the current Enterprise Value is £2.26 Mil as of Jun. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

First Development Resources Business Description

Address c/o D&A Secretarial Services Limited, 99 Gresham Street, 6th Floor, London, GBR, EC2V 7NG
First Development Resources PLC is a mineral exploration company. Its is engaged in the holding of Australian based mining assets and progressing the exploration and exploitation of those assets. The Group holds mining assets comprising the wholly owned Wallal, Rippon Hills, Braeside West and Selta Projects.