Develop North (LSE:DVNO) Net Margin %: -18.96% (As of May. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LSE:DVNO Develop North PLC LSE:DVNO
32 GF Score
Price £0.75
GF Value £0.81
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Develop North Net Margin %?

Develop North LSE:DVNO 32 Net Margin % is -18.96% as of May. 2026. GuruFocus rates LSE:DVNO with a GF Score™ of 32/100 and a GF Value™ of £0.81 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,570 Asset Management companies, Develop North ranks worse than 67.9% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Develop North's Net Income for the six months ended in May. 2026 was £-0.18 Mil. Develop North's Revenue for the six months ended in May. 2026 was £0.94 Mil. Therefore, Develop North's net margin for the quarter that ended in May. 2026 was -18.96%.

The historical rank and industry rank for Develop North's Net Margin % or its related term are showing as below:

LSE:DVNO' s Net Margin % Range Over the Past 10 Years
Min: -19.13   Med: 63.22   Max: 212.21
Current: -19.13


LSE:DVNO's Net Margin % is ranked worse than
67.9% of 1570 companies
in the Asset Management industry
Industry Median: 85.285 vs LSE:DVNO: -19.13

Develop North  (LSE:DVNO) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Develop North Net Margin % Related Terms


Develop North Net Margin % Historical Data

* Premium members only.

The historical data trend for Develop North's Net Margin % 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.

Develop North Net Margin % Chart

Develop North Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 64.87 49.19 36.05 77.48 31.56

Develop North Semi-Annual Data
Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 May26
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 70.93 86.00 54.29 -19.51 -18.96

LSE:DVNO vs BLK, BX, KKR: Net Margin % Comparison

For the Asset Management subindustry, Develop North's Net Margin %, along with its competitors' market caps and Net Margin % 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.


Develop North Net Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Develop North's Net Margin % distribution charts can be found below:

* The bar in red indicates where Develop North's Net Margin % falls into.


LSE:DVNO
32GF Score
Develop North PLC LSE:DVNO
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Develop North Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Develop North's Net Margin for the fiscal year that ended in Nov. 2025 is calculated as

Net Margin=Net Income (A: Nov. 2025 )/Revenue (A: Nov. 2025 )
=0.415/1.315
=31.56 %

Develop North's Net Margin for the quarter that ended in May. 2026 is calculated as

Net Margin=Net Income (Q: May. 2026 )/Revenue (Q: May. 2026 )
=-0.179/0.944
=-18.96 %

* 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 Net Margin % →
What does a Net Margin % of -18.96% mean?
Develop North (LSE:DVNO) has a Net Margin % of -18.96% as of May. 2026. Net margin is the ratio of total net income to net sales. View historical data on Develop North and its competitors. According to the industry distribution chart, Develop North ranks #1066 out of 1570 companies in the Asset Management industry, placing it in the top 67.9%.
Is Develop North's Net Margin % too high?
Develop North's current Net Margin % is -18.96%. Based on the distribution chart, Develop North ranks #1066 out of 1570 companies in the Asset Management industry, which is below the industry midpoint. Overall, Develop North has a GF Score™ of 32/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Develop North's Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Develop North ranks #1066 out of 1570 companies for Net Margin %. This places Develop North in the lower half of its industry. The industry median Net Margin % is 85.29. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Asset Management company?
The median Net Margin % among Asset Management companies is 85.29, based on 1,570 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Develop North and its competitors. For the Asset Management industry, the median Net Margin % is 85.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Develop North's current Net Margin % is -18.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Develop North stock overvalued right now?
Based on GuruFocus' analysis, Develop North (LSE:DVNO) is currently considered Fairly Valued. The stock's GF Value™ is £0.81, compared to a current price of £0.75 — trading 7.4% below its estimated fair value. The current Net Margin % is -18.96%. Develop North's overall GF Score™ is 32/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Develop North (LSE:DVNO), the current Net Margin % is -18.96% as of May. 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.

Is Develop North (LSE:DVNO) Overvalued in 2026?

Based on GuruFocus' analysis, Develop North stock appears to be undervalued. The current stock price of £0.75 is trading 7.4% below its estimated GF Value™ of £0.81. GuruFocus considers Develop North to be Fairly Valued.

Key valuation signals for LSE:DVNO:

  • Net Margin %: -18.96%
  • GF Value™: £0.81 vs. price of £0.75 (7.4% below fair value)
  • GF Score™: 32/100 with 6 warning signs

No single metric tells the full story. See the LSE:DVNO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Develop North Business Description

Address The Key, Bath Lane, Newcastle Helix, Newcastle upon Tyne, Tyne and Wear, GBR, NE4 5TQ
Develop North PLC is a closed-end investment company. The investment objective of the company is to provide shareholders with a consistent and stable income and the potential for an attractive total return over the medium to long term, Its portfolio consists of Apartment Group, Claypath, Dickinson Apartments, St Margaret's Place, Whitley Court, The Millhouse, AM Number Three, Almscliffe, Horizon Middleton Towers, Harrow Living, Jaymac Solutions, Apartment Group, Cutler House Road, Kenley Homes, Horizon Cremation, and Bede Homes.
32GF Score

Get the complete analysis for LSE:DVNO

Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£0.75
Price
£0.81
GF Value