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Fenix Resources Limited
(Sydney:FEX)
Fenix Resources Limited (FEX) vs. iShares MSCI Australia ETF (EWA)
Fenix Resources Limited Business Overview & Revenue Model
Fenix Resources Limited Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 263.24M | 259.20M | 196.85M | 249.17M | 114.38M | 0.00 |
| Gross Profit | 34.58M | 59.83M | 38.48M | 66.97M | 62.81M | -1.39K |
| EBITDA | 51.16M | 74.84M | 55.21M | 75.85M | 63.88M | -1.27M |
| Net Income | 13.46M | 33.64M | 29.25M | 50.69M | 49.04M | -1.27M |
Balance Sheet | ||||||
| Total Assets | 299.22M | 266.78M | 188.54M | 152.39M | 116.59M | 7.60M |
| Cash, Cash Equivalents and Short-Term Investments | 57.10M | 77.35M | 76.37M | 101.93M | 69.00M | 1.34M |
| Total Debt | 53.04M | 41.92M | 21.37M | 374.03K | 2.01M | 0.00 |
| Total Liabilities | 126.09M | 100.44M | 63.70M | 44.16M | 39.33M | 143.30K |
| Stockholders Equity | 173.13M | 166.34M | 124.84M | 108.22M | 77.26M | 7.45M |
Cash Flow | ||||||
| Free Cash Flow | 21.68M | 42.24M | 12.18M | 55.38M | 50.43M | -2.92M |
| Operating Cash Flow | 50.53M | 68.49M | 16.28M | 62.29M | 65.30M | -660.00K |
| Investing Cash Flow | -40.98M | -40.14M | -13.75M | -5.44M | -17.47M | -2.26M |
| Financing Cash Flow | -16.64M | -26.95M | -28.24M | -24.03M | 20.02M | 0.00 |
Fenix Resources Limited Technical Analysis
Fenix Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €200.11M | 13.73 | 8.27% | ― | 10.26% | -68.36% | |
44 Neutral | AU$1.36B | -6.68 | -23.02% | 6.91% | 5.33% | -26.92% | |
| $144.17M | 3.66 | 5.68% | 5.50% | ― | ― | ||
60 Neutral | AU$189.18M | 1.19 | 257.93% | 2.07% | ― | ― | |
| €114.14M | ― | -4.15% | ― | ― | ― | ||
62 Neutral | AU$112.93M | 14.03 | 6.05% | ― | 20.39% | 48.21% | |
| AU$173.85M | ― | -40.70% | ― | ― | ― |
Fenix Resources Limited Corporate Events
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 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.
Fenix Resources Limited announced the cancellation of a previous proposal to issue securities due to an off-market takeover bid for CZR Resources Ltd becoming void. The cancellation was necessitated by the offer closing with unfulfilled defeating conditions, impacting the company’s strategic acquisition plans and market positioning.
Fenix Resources Limited announced the cancellation of a previous announcement regarding a proposed issue of securities. This cancellation is due to an off-market takeover bid for CZR Resources Ltd becoming void as the offer closed with unfulfilled defeating conditions. This development may impact Fenix Resources’ strategic operations and market positioning, as the takeover bid was a significant move in its expansion efforts.
Fenix Resources Limited has announced that it ceased to be a substantial holder in CZR Resources Ltd as of April 29, 2025. This change occurred due to the failure of Fenix’s off-market takeover bid for all ordinary shares in CZR, as the offer closed with unfulfilled conditions, impacting Fenix’s interests in CZR’s voting securities.
Fenix Resources Limited has initiated an off-market takeover bid to acquire all ordinary shares of CZR Resources Ltd. As of the latest update, Fenix holds a 14.99% voting power in CZR, with the offer still subject to certain conditions. This move is part of Fenix’s strategic efforts to enhance its position in the mining sector, potentially impacting stakeholders by expanding its resource base and market influence.
Fenix Resources Limited has announced that it will not exercise its matching rights in response to a superior proposal received by CZR Resources Ltd from North Mining Limited, Robe River Mining Co Pty Ltd, and Mitsui Iron Ore Development Pty Ltd. This decision follows CZR’s announcement of entering into transaction documents for the sale of its Robe Mesa Iron Ore Project for $75 million, leading to the termination of the Bid Implementation Agreement with Fenix and a break fee of $650,000.
Fenix Resources Limited, a company involved in the mining sector, has been engaged in an off-market takeover offer to acquire all ordinary shares of CZR Resources Ltd. However, CZR’s board has now unanimously recommended that shareholders reject this offer in favor of a superior proposal from the Robe River Joint Venture (RRJV), which includes a cash consideration of A$75 million for CZR’s Robe Mesa Iron Ore Project. This decision is based on the RRJV Transaction’s favorable terms, including a significant cash premium over the Fenix offer and the strategic advantage of retaining other valuable projects. The RRJV Transaction is subject to shareholder approval, with CZR’s largest shareholder, Mark Creasy, indicating support for the proposal.
CZR Resources Ltd, an Australian mining company, has accepted a superior acquisition offer from the Robe River Joint Venture (RRJV), a collaboration involving Rio Tinto and Mitsui, for its Robe Mesa Iron Ore Project. The deal, worth A$75 million, includes a cash consideration that allows CZR to retain its other projects and reduce exposure to volatile markets. The CZR Board recommends shareholders approve the RRJV transaction, which offers a significant premium over the previous offer from Fenix Resources Ltd, whose bid has now been terminated.
Fenix Resources Limited has decided not to counter the takeover proposal from CZR Resources Ltd, which received a superior offer from the Robe River Iron Associates Joint Venture for its Robe River tenements. Fenix’s decision reflects its strategic focus on existing growth opportunities within its Mid-West operations, maintaining its current takeover offer open until April 29, 2025. This move underscores Fenix’s disciplined approach to capital allocation and growth transactions, while continuing to target a production rate of 4 million tonnes per annum from its iron ore mines.
Fenix Resources Limited has announced an extension of its off-market takeover bid for all shares of CZR Resources Ltd. The offer period has been extended by seven days, with the new closing date set for 29 April 2025. This strategic move is part of Fenix’s efforts to acquire CZR Resources, potentially impacting its market position and stakeholder interests.
Fenix Resources Limited has increased its stake in CZR Resources Ltd from 13.89% to 14.97% through an off-market takeover bid. This acquisition, involving the exchange of 0.85 Fenix shares for every 1 CZR share, strengthens Fenix’s position in the market and indicates its strategic interest in expanding its influence within the mining sector.
CZR Resources Ltd has received a binding offer from the Robe River Joint Venture, comprising subsidiaries of Rio Tinto and Mitsui, to acquire its interest in the Robe Mesa Iron Ore project for A$75 million. This offer is considered superior to the previous proposal from Fenix Resources Ltd due to its favorable cash terms, which will allow CZR to develop its other projects without the need for additional capital raising and reduce exposure to volatile markets.
Fenix Resources Limited has commenced construction at its new Beebyn-W11 Iron Ore Mine in the Weld Range, marking the company’s third mining operation in the Mid-West. The project includes developing infrastructure and a private haul road to connect with existing operations, aiming to boost total production to 4 million tonnes per annum by 2025. The Beebyn-W11 mine, with a planned production rate of 1.5 million tonnes per annum, is expected to begin production in the September 2025 quarter. This development is part of Fenix’s strategy to enhance its market position by leveraging high-quality iron ore deposits and integrated transport solutions.