Fenix Resources Limited (FEX) AI Stock Analysis

• Market Cap: €241.85M
• Dividend Yield: N/A
• Average Volume (3M): 1.59M
• Price to Earnings (P/E): 43.2
• Beta (1Y): 0.70
• Revenue Growth: 21.95%
• EPS Growth: -84.84%
• Country: AU
• Employees: N/A
• Sector: Energy
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): <0.01
• Shares Outstanding: 744,144,530
• 10 Day Avg. Volume: 2,303,930
• 30 Day Avg. Volume: 1,589,785
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €0.45
• Price Target Upside: 39.27% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 72 Outperform
• Price Target: AU$0.50 ▲(56.25% Upside)

Fenix Resources Limited shows strong financial performance with robust revenue and margin growth, contributing significantly to the overall score. Technical indicators suggest bullish momentum but highlight potential risks due to overbought conditions. The valuation is reasonable, though the lack of a dividend yield may deter some investors. The absence of earnings call insights and corporate events limits additional evaluation.

Fenix Resources Limited Business Overview & Revenue Model

Company Description

Fenix Resources Limited engages in the exploration, development, and mining of mineral tenements in Western Australia. The company operates in two segments: Iron Ridge Project and Trucking Joint Venture. Its flagship property is the 100% owned Iron Ridge Iron Ore project located in Western Australia. The company was formerly known as Emergent Resources Limited. Fenix Resources Limited was incorporated in 2007 and is based in West Perth, Australia.

How the Company Makes Money

Fenix Resources Limited generates revenue primarily through the extraction, processing, and sale of iron ore from its Iron Ridge Project. The company earns money by selling iron ore to international buyers, predominantly in the Asian market, where demand for high-grade iron ore is robust. Key revenue streams include long-term supply contracts with steel producers, spot market sales, and strategic partnerships with logistics providers to ensure efficient transportation of ore from mine to port. The company's earnings are significantly influenced by global iron ore prices, operational efficiency, and its ability to maintain cost-effective production processes.

Fenix Resources Limited Financial Statement Overview

Summary

Fenix Resources Limited demonstrates strong financial health with impressive revenue and margin growth. The income statement shows significant revenue increase and improved operational efficiency. The balance sheet reflects low leverage and a strong capital structure, while cash flow statements highlight robust cash generation capabilities.

Income Statement

Fenix Resources Limited has demonstrated robust revenue growth, with a significant increase in revenue from AUD 196.8 million in 2023 to AUD 259.2 million in 2024. The gross profit margin improved to 23.08% in 2024 from 17.46% in 2023, indicating enhanced operational efficiency. Net profit margin increased to 12.97% from 14.86% in the previous year, albeit with a slight decrease, yet it remains strong. The company has maintained healthy EBIT and EBITDA margins at 19.05% and 28.87%, respectively, showcasing strong profitability.

Balance Sheet

The balance sheet reflects a solid financial position with a debt-to-equity ratio of 0.25, indicating low leverage. Return on equity improved to 20.22% in 2024, up from 23.44% in 2023, highlighting effective utilization of equity capital. The equity ratio stands at 62.37%, ensuring stability and demonstrating a strong capital structure. The increase in total assets and stockholders' equity over the years underscores the company's growth trajectory.

Cash Flow

Fenix Resources has shown strong cash flow performance, with operating cash flow increasing to AUD 68.5 million from AUD 16.3 million in 2023. The free cash flow to net income ratio is robust, reflecting efficient cash generation relative to net income. Free cash flow growth rate is high, indicating effective cash management and reinvestment capabilities.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	259.20M	196.85M	249.17M	114.38M	0.00
Gross Profit	59.83M	38.48M	66.97M	62.81M	-1.39K
EBITDA	74.84M	55.21M	75.85M	63.88M	-1.27M
Net Income	33.64M	29.25M	50.69M	49.04M	-1.27M
Balance Sheet
Total Assets	266.78M	188.54M	152.39M	116.59M	7.60M
Cash, Cash Equivalents and Short-Term Investments	77.35M	76.37M	101.93M	69.00M	1.34M
Total Debt	41.92M	21.37M	374.03K	2.01M	0.00
Total Liabilities	100.44M	63.70M	44.16M	39.33M	143.30K
Stockholders Equity	166.34M	124.84M	108.22M	77.26M	7.45M
Cash Flow
Free Cash Flow	42.24M	12.18M	55.38M	50.43M	-2.92M
Operating Cash Flow	68.49M	16.28M	62.29M	65.30M	-660.00K
Investing Cash Flow	-40.14M	-13.75M	-5.44M	-17.47M	-2.26M
Financing Cash Flow	-26.95M	-28.24M	-24.03M	20.02M	0.00

Fenix Resources Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.32
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FEX, the sentiment is Positive. The current price of 0.32 is above the 20-day moving average (MA) of 0.32, above the 50-day MA of 0.30, and above the 200-day MA of 0.29, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 53.32 is Neutral, neither overbought nor oversold. The STOCH value of 36.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:FEX.

Fenix Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FEX	72 Outperform	€241.85M	43.24	3.14%	―	21.95%	-84.84%
Sector *	65 Neutral	$15.47B	7.30	2.96%	5.25%	4.27%	-62.52%
GRRLF	―	$158.27M	3.68	4.28%	10.24%	―	―
RHI	66 Neutral	AU$212.90M	1.34	257.93%	10.09%	―	―
C5W	―	€136.13M	―	-4.15%	―	―	―
MLG	76 Outperform	AU$123.95M	9.62	8.79%	―	15.32%	10.05%
CTM	―	AU$191.05M	―	-40.70%	―	―	―

Fenix Resources Limited Corporate Events

Fenix Resources Achieves Record Quarter with New Mine Commencement

Fenix Resources Limited has reported a record quarter with the commencement of mining at Beebyn-W11, joining Iron Ridge and Shine in active production. The company is on track to triple its production rate to over 4 million tonnes per annum in 2025, supported by reduced production costs and record shipments. Fenix’s strong cash position of over $56 million and strategic growth initiatives, including logistics and port upgrades, position it for substantial growth, benefiting stakeholders and enhancing its market position.

The most recent analyst rating on (AU:FEX) stock is a Buy with a A$0.48 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Athena Partners with Fenix and Warradarge for Green Iron Project in Western Australia

Athena Resources Limited has partnered with Warradarge Energy and Fenix Resources to establish a new Green Iron Project in Western Australia’s mid-west region. This collaboration aims to produce direct reduction iron ore products using locally sourced ultra-high-grade iron ores and green hydrogen, significantly reducing carbon emissions compared to traditional methods. The project will be developed in stages, with Athena providing ore samples and potentially high-grade magnetite concentrate from its Byro Magnetite Project. This initiative not only supports environmental sustainability but also positions the companies to capitalize on the growing demand for green iron, offering both local and export market opportunities.

The most recent analyst rating on (AU:FEX) stock is a Buy with a A$0.48 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Fenix Resources Begins Operations at Beebyn-W11 Iron Ore Mine

Fenix Resources Limited has commenced mining at its new Beebyn-W11 Iron Ore Mine, marking its third operational site in the Mid-West region. The company expects to ship the first ore during the September 2025 quarter, contributing to its target production rate of 4Mtpa. The construction of a private haul road connecting Beebyn-W11 to the Iron Ridge Mine is nearing completion, facilitating efficient transport to Geraldton Port. This expansion is part of Fenix’s strategic growth, supported by an exclusive mining agreement with Sinosteel Midwest Corporation, and is expected to enhance the company’s market position and operational capacity.

The most recent analyst rating on (AU:FEX) stock is a Buy with a A$0.48 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Fenix Resources Updates Director’s Shareholding

Fenix Resources Limited announced a change in the interest holdings of its Non-Executive Director, Mr. Garry Plowright. The change involves an off-market transfer of shares from Mr. Plowright’s personal holdings to his superannuation fund, with no alteration to his total relevant interest in the company’s shares. This administrative update is part of the company’s compliance with regulatory requirements and does not impact its operations or market positioning.

The most recent analyst rating on (AU:FEX) stock is a Buy with a A$0.49 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Fenix Resources Boosts Stake in Athena Resources

Fenix Resources Limited has increased its voting power in Athena Resources Limited from 28.97% to 37.21% through the conversion of convertible notes and consideration shares. This change, approved by shareholders, enhances Fenix’s influence over Athena, potentially impacting strategic decisions and operations within the company.

The most recent analyst rating on (AU:FEX) stock is a Buy with a A$0.44 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.