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Fenix Resources Limited
(Sydney:FEX)
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Rating:59Neutral
Price Target:
AU$0.26
▼(-20.91% Downside)
Action:Reiterated
Date:03/25/26
The score is held back primarily by deteriorating profitability and weak cash flow metrics, alongside very bearish technical signals (below key moving averages with negative momentum). A relatively low P/E and moderate dividend yield provide some valuation support, but not enough to outweigh the financial and technical pressure.
Positive Factors
Revenue Growth
Sustained top-line growth of ~20% signals increasing shipped volumes or stronger offtake, reinforcing scale in mining and export operations. Over 2-6 months this supports fixed-cost absorption, bargaining power with contractors, and capacity to invest in productivity improvements.
Negative Factors
Profitability erosion
Sharp margin compression substantially weakens the firm's ability to generate earnings from sales. Persistently thin margins reduce reinvestment capacity and raise sensitivity to cost inflation or lower iron ore prices, threatening long-term profitability if not restored.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained top-line growth of ~20% signals increasing shipped volumes or stronger offtake, reinforcing scale in mining and export operations. Over 2-6 months this supports fixed-cost absorption, bargaining power with contractors, and capacity to invest in productivity improvements.
Read all positive factors
Fenix Resources Limited (FEX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$191.41M
Dividend Yield2.17%
Average Volume (3M)2.14M
Price to Earnings (P/E)14.3
Beta (1Y)1.33
Revenue Growth82.08%
EPS Growth-7.77%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.02
Shares Outstanding765,633,000
10 Day Avg. Volume1,560,876
30 Day Avg. Volume2,139,561
Financial Highlights & Ratios
PEG Ratio-0.45
Price to Book (P/B)1.15
Price to Sales (P/S)0.64
P/FCF Ratio27.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.63Price Target Upside90.91% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.03
Revenue Forecast (FY)AU$694.50M
Fenix Resources Limited Business Overview & Revenue Model
Company Description
Fenix Resources Limited is primarily engaged in the exploration, development, and extraction of mineral deposits throughout Western Australia. The company's operations are structured into two distinct divisions: the Iron Ridge Project and a Trucki...
How the Company Makes Money
Fenix Resources makes money primarily by selling iron ore to customers under offtake or spot sales arrangements, with revenue largely determined by: (1) shipped and delivered tonnes (sales volume), and (2) the realised iron ore price (linked to gl...
Fenix Resources Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 479.31M | 316.09M | 259.20M | 196.85M | 249.17M | 114.38M |
| Gross Profit | 45.65M | 72.61M | 59.83M | 38.48M | 66.97M | 62.81M |
| EBITDA | 84.06M | 56.89M | 74.84M | 55.21M | 75.85M | 63.88M |
| Net Income | 13.24M | 5.39M | 33.64M | 29.25M | 50.69M | 49.04M |
Balance Sheet | ||||||
| Total Assets | 456.08M | 364.47M | 266.78M | 188.54M | 152.39M | 116.59M |
| Cash, Cash Equivalents and Short-Term Investments | 79.41M | 57.82M | 77.35M | 76.37M | 101.93M | 69.00M |
| Total Debt | 105.55M | 82.92M | 41.92M | 21.37M | 374.03K | 2.01M |
| Total Liabilities | 274.85M | 186.70M | 100.44M | 63.70M | 44.16M | 39.33M |
| Stockholders Equity | 181.24M | 177.77M | 166.34M | 124.84M | 108.22M | 77.26M |
Cash Flow | ||||||
| Free Cash Flow | 54.44M | 7.53M | 42.24M | 12.18M | 55.38M | 50.43M |
| Operating Cash Flow | 114.97M | 71.88M | 68.49M | 16.28M | 62.29M | 65.30M |
| Investing Cash Flow | -80.87M | -64.20M | -40.14M | -13.75M | -5.44M | -17.47M |
| Financing Cash Flow | -9.71M | -27.89M | -26.95M | -28.24M | -24.03M | 20.02M |
Fenix Resources Limited Technical Analysis
Negative
0.33
Price Trends
0.29
Negative
0.32
Negative
0.39
Negative
Market Momentum
>-0.01
Negative
37.98
Neutral
26.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FEX, the sentiment is Negative. The current price of 0.33 is above the 20-day moving average (MA) of 0.26, above the 50-day MA of 0.29, and below the 200-day MA of 0.39, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 37.98 is Neutral, neither overbought nor oversold. The STOCH value of 26.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FEX.
Fenix Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | AU$191.41M | 14.34 | 7.38% | 2.17% | 82.08% | -7.77% | |
59 Neutral | AU$59.50M | -105.27 | -2.00% | ― | 104.42% | ― | |
58 Neutral | AU$301.88M | 18.77 | 17.97% | 2.13% | ― | -89.84% | |
52 Neutral | AU$347.66M | -11.46 | -63.51% | ― | ― | 12.13% | |
41 Neutral | AU$27.87M | -0.32 | -158.13% | ― | ― | -777.65% |
* Basic Materials Sector Average
AU:FEX
Fenix Resources Limited
0.26
-0.03
-9.57%
AU:IMA
Image Resources NL
0.02
-0.05
-68.42%
AU:RHI
Red Hill Iron Limited
4.80
1.63
51.28%
AU:LCY
Legacy Iron Ore Ltd
0.01
0.00
0.00%
AU:SVM
Sovereign Metals Limited
0.54
-0.16
-23.40%
Fenix Resources Limited Corporate Events
Fenix Resources Lists Additional 670,000 Shares on ASX
Jul 3, 2026
Fenix Resources Ltd has applied to the ASX for quotation of 670,000 new ordinary fully paid shares, to be issued on 3 July 2026, following the exercise or conversion of existing options or other convertible securities. The additional listing modes...
Fenix Resources Discloses Director’s Internal Share Transfer With No Change in Total Interest
Jun 26, 2026
Fenix Resources has reported an internal reallocation of shares held by non-executive director Garry Plowright, detailing an off-market transfer from his personal holding to his superannuation fund. The company stressed that this administrative ch...
Fenix Resources Appoints Jennifer Morris OAM to Board
Jun 22, 2026
Fenix Resources has appointed Jennifer (Jenn) Morris OAM as a director, effective 23 June 2026, strengthening its board with a high-profile governance figure. The initial director’s interest notice lodged with the ASX confirms that Morris cu...
Fenix Resources Appoints New Director With No Initial Equity Stake
Jun 22, 2026
Fenix Resources has appointed Michael Gollschewski as a director, effective 23 June 2026. The newly appointed director currently holds no relevant interests in the company’s securities and has no disclosed interests in related contracts, ind...
Fenix bolsters board with iron ore veterans as growth plans accelerate
Jun 22, 2026
Fenix Resources has strengthened its board by appointing experienced industry figures Jennifer Morris and Michael Gollschewski as independent non-executive directors, effective immediately. The company says the additions enhance the board’s ...
Fenix Resources Secures Long-Term Funding and Freight Deal to Cut Iron Ore Shipping Costs
Jun 21, 2026
Fenix Resources has formed the Fenix-Mira Bulk freight partnership with Singapore-based Mira Bulk, a global operator of Panamax and Capesize vessels, to secure preferential vessel access and lower per-tonne shipping costs for its iron ore exports....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.