Fenix Resources Limited (AU:FEX)
ASX:FEX
Top Page
Fenix Resources Limited
(Sydney:FEX)
Select Model
Select Model
Rating:59Neutral
Price Target:
AU$0.34
▲(6.25% Upside)
Action:ReiteratedDate: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 high revenue growth indicates the company is scaling production and securing market demand for its iron ore products. Over 2-6 months this supports capacity utilization, potential operating leverage and room to invest in processing or logistics, underpinning durability of cash flows if margins recover.
Negative Factors
Margin Compression
A sharp decline in net margin reflects sustained pressure on profitability from higher costs or weaker pricing. Over the medium term this erodes retained earnings, reduces ability to self‑fund capex and leaves the company more vulnerable to commodity price swings and cost inflation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained high revenue growth indicates the company is scaling production and securing market demand for its iron ore products. Over 2-6 months this supports capacity utilization, potential operating leverage and room to invest in processing or logistics, underpinning durability of cash flows if margins recover.
Read all positive factors
Fenix Resources Limited (FEX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$229.49M
Dividend Yield2.17%
Average Volume (3M)2.14M
Price to Earnings (P/E)9.3
Beta (1Y)1.34
Revenue Growth21.95%
EPS Growth-84.84%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.01
Shares Outstanding764,963,000
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$0.66Price Target Upside106.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.04
Revenue Forecast (FY)AU$633.00M
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 Iro...
How the Company Makes Money
Fenix primarily makes money by selling iron ore it mines and processes, generating revenue from contracted shipments to customers (typically priced using prevailing iron ore market benchmarks and adjusted for product grade, impurities, and freight...
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
0.32
Price Trends
0.41
Negative
0.43
Negative
0.39
Negative
Market Momentum
-0.03
Positive
35.72
Neutral
18.42
Positive
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 0.32 is below the 20-day moving average (MA) of 0.36, below the 50-day MA of 0.41, and below the 200-day MA of 0.39, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 35.72 is Neutral, neither overbought nor oversold. The STOCH value of 18.42 is Positive, 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | AU$219.89M | 7.08 | 4.27% | ― | -13.54% | -56.86% | |
62 Neutral | AU$122.40M | 4.76 | 10.13% | ― | 15.32% | 10.05% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | AU$229.49M | 9.29 | 7.38% | 2.17% | 21.95% | -84.84% | |
58 Neutral | AU$290.96M | 7.29 | 17.97% | 2.13% | ― | -94.07% | |
51 Neutral | AU$299.48M | -4.82 | -53.29% | ― | ― | ― |
* Basic Materials Sector Average
AU:FEX
Fenix Resources Limited
0.33
0.05
19.49%
AU:GRR
Grange Resources Limited
0.20
-0.02
-11.36%
AU:RHI
Red Hill Iron Limited
4.53
1.47
48.09%
AU:MLG
MLG Oz Ltd
0.81
0.19
31.28%
AU:CTM
Centaurus Metals Limited
0.53
0.16
43.24%
Fenix Resources Limited Corporate Events
Fenix Resources Locks In FY27 Diesel Costs and Extends In-the-Money Hedge Book
Mar 23, 2026
Fenix Resources has expanded its hedging program by locking in diesel fuel swap contracts covering about 30% of its expected FY27 diesel needs, equivalent to 18 million litres of Sing Gasoil 10ppm at prices between US$0.6874 and US$0.7876 per litr...
Fenix Resources Discloses Final Director Interest as Mitchell Exits Board
Mar 19, 2026
Fenix Resources has announced that director Craig Douglas Mitchell ceased to be a director on 16 March 2026, triggering a final notice of his interests in the company’s securities. The filing confirms that Mitchell holds no shares directly, ...
Fenix Resources Director Increases Shareholding in On‑Market Purchase
Mar 18, 2026
Fenix Resources director John Paul Welborn has increased his direct holding in the company through an on‑market purchase of 250,000 fully paid ordinary shares. The acquisition, executed on 18 March 2026 for a total consideration of $84,500, ...
Fenix Issues 20m Shares After Logistics Milestone, Reaffirms Compliance
Mar 18, 2026
Fenix Resources has issued 20 million fully paid ordinary shares following the achievement of a 10 million tonne haulage milestone and has confirmed that these shares were issued without a prospectus under the Corporations Act disclosure exemption...
Fenix Resources Delivers Record Half-Year as Multi-Mine Strategy Scales Up
Feb 24, 2026
Fenix Resources reported record first-half FY26 production, shipping 2.1 million tonnes of iron ore, more than double the prior corresponding period, as its transition to a multi-mine producer gained traction. Revenue rose to A$294.2 million, EBIT...
Fenix Resources Outlines Corporate Directory and Governance Framework
Feb 24, 2026
Fenix Resources Limited has released a corporate document outlining its board composition, executive roles, company secretary, auditors, share registry, bankers and stock exchange listing details. The report primarily serves as a formal corporate ...
Fenix Resources Posts 419% Profit Surge on Strong Half-Year Revenue Growth
Feb 24, 2026
Fenix Resources Ltd reported a sharp turnaround in its half-year results to 31 December 2025, with revenue from continuing operations jumping 125% to $294.2 million compared with the prior corresponding period. Net profit attributable to owners su...
Fenix Resources Reaffirms Growth Path to 6Mtpa Iron Ore Output by FY28
Feb 10, 2026
Fenix Resources used its presentation at the Bell Potter Unearthed Virtual Conference to outline a growth trajectory targeting annual iron ore production of 6 million tonnes by fiscal 2028 and aiming for 10 million tonnes beyond that. The company&...
Fenix Resources Delivers Record Quarter and Lays Out Path to 10Mtpa Iron Ore Output
Jan 21, 2026
Fenix Resources reported a record December 2025 quarter with 1.24 million wet metric tonnes of iron ore shipped, a 40% increase on the prior quarter, while maintaining group C1 cash costs at A$75/wmt and lifting cash on hand to A$78.9 million. Wit...
Fenix Extends Iron Ore and Currency Hedging to 2027 to Support Growth Plan
Jan 18, 2026
Fenix Resources has extended its price protection strategy to June 2027 by hedging 1.32 million tonnes of iron ore at an average A$151.27 per tonne and adding US$105 million of Australian dollar call options to manage currency risk on US dollar...
Fenix Locks In A$151/t Iron Ore Hedges as It Accelerates Mid-West Expansion Plan
Jan 7, 2026
Fenix Resources has expanded its iron ore hedge book to 840,000 tonnes at an average price of A$151.09 per tonne through to December 2026, locking in a positive cashflow margin on a base level of production while preserving upside exposure to spot...
Fenix Resources Posts Record Quarter as Iron Ore Shipments and Cash Reserves Surge
Jan 4, 2026
Fenix Resources reported a record December 2025 quarter, shipping 1.24 million wet metric tonnes of iron ore across 21 vessels, marking its first quarter above one million tonnes and an implied annualised run-rate of about 4.9 million tonnes. The ...
Fenix Director John Welborn Increases On-Market Shareholding
Dec 30, 2025
Fenix Resources has disclosed that director John Paul Welborn increased his direct holding in the company by acquiring 250,000 fully paid ordinary shares via on‑market trades on 29 and 30 December 2025 for a total consideration of $119,750. ...
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.