Fenix Resources Limited (FEX) AI Stock Analysis

• Market Cap: €383.40M
• Dividend Yield: 2.08%
• Average Volume (3M): 2.14M
• Price to Earnings (P/E): 69.6
• Beta (1Y): 0.57
• Revenue Growth: 21.95%
• EPS Growth: -84.84%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): <0.01
• Shares Outstanding: 744,474,550
• 10 Day Avg. Volume: 1,560,876
• 30 Day Avg. Volume: 2,139,561
• PEG Ratio: -0.45
• Price to Book (P/B): 1.15
• Price to Sales (P/S): 0.64
• P/FCF Ratio: 27.06
• 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: €0.84
• Price Target Upside: 75.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: AU$0.53 ▲(10.42% Upside)

Fenix Resources Limited's overall stock score is primarily influenced by its mixed financial performance, with strong revenue growth but declining profitability and cash flow challenges. The technical analysis shows positive momentum, but the valuation suggests potential overvaluation. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for Fenix's iron ore, supporting long-term business expansion and market presence.

Market Demand

Growing demand for iron ore, especially in Asia, provides a favorable market environment for sustained sales and revenue growth.

Balanced Capital Structure

A stable equity ratio indicates a balanced approach to financing, supporting long-term financial health and investment capacity.

Negative Factors

Profitability Challenges

Declining net profit margins suggest difficulties in cost management or pricing power, potentially affecting long-term profitability.

Rising Leverage

Increased leverage can heighten financial risk and limit flexibility, impacting the company's ability to invest in growth opportunities.

Cash Flow Challenges

Declining cash flow growth suggests potential liquidity issues, which could constrain operational and strategic initiatives.

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 generates revenue primarily through the sale of iron ore to domestic and international customers, typically in the form of bulk shipments to steel producers. The company's revenue model is based on contracts and spot market sales, allowing flexibility to capitalize on fluctuating market prices. Key revenue streams include direct sales of iron ore, as well as possible partnerships with logistics providers to enhance distribution efficiency. The company's financial performance is influenced by factors such as global iron ore prices, production costs, and operational efficiency, along with any strategic alliances that may optimize their supply chain.

Fenix Resources Limited Financial Statement Overview

Summary

Fenix Resources Limited shows a mixed financial performance. While revenue growth is strong, profitability margins have declined, and leverage has increased. Cash flow metrics indicate potential liquidity challenges. The company needs to focus on improving operational efficiency and managing its debt levels to enhance financial stability.

Income Statement

Fenix Resources Limited has shown a strong revenue growth rate of 20.08% in the latest period, indicating a positive trajectory. However, the gross profit margin has slightly decreased over the years, and the net profit margin has significantly dropped from 12.98% to 1.71%, suggesting challenges in maintaining profitability. The EBIT and EBITDA margins have also declined, reflecting increased operational costs or reduced pricing power.

Balance Sheet

The company's debt-to-equity ratio has increased from 0.25 to 0.47, indicating a rise in leverage, which could pose a risk if not managed carefully. However, the return on equity remains positive at 3.03%, although it has decreased from previous years. The equity ratio remains stable, suggesting a balanced capital structure.

Cash Flow

The free cash flow growth rate has significantly declined by 65.24%, indicating potential cash flow challenges. The operating cash flow to net income ratio is below 1, suggesting that the company is generating less cash from its operations compared to its net income. The free cash flow to net income ratio has also decreased, highlighting potential cash flow management issues.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	316.09M	316.09M	259.20M	196.85M	249.17M	114.38M
Gross Profit	27.78M	72.61M	59.83M	38.48M	66.97M	62.81M
EBITDA	55.37M	56.89M	74.84M	55.21M	75.85M	63.88M
Net Income	5.39M	5.39M	33.64M	29.25M	50.69M	49.04M
Balance Sheet
Total Assets	364.47M	364.47M	266.78M	188.54M	152.39M	116.59M
Cash, Cash Equivalents and Short-Term Investments	57.82M	57.82M	77.35M	76.37M	101.93M	69.00M
Total Debt	82.92M	82.92M	41.92M	21.37M	374.03K	2.01M
Total Liabilities	186.70M	186.70M	100.44M	63.70M	44.16M	39.33M
Stockholders Equity	177.77M	177.77M	166.34M	124.84M	108.22M	77.26M
Cash Flow
Free Cash Flow	7.53M	7.53M	42.24M	12.18M	55.38M	50.43M
Operating Cash Flow	71.88M	71.88M	68.49M	16.28M	62.29M	65.30M
Investing Cash Flow	-64.20M	-64.20M	-40.14M	-13.75M	-5.44M	-17.47M
Financing Cash Flow	-24.26M	-27.89M	-26.95M	-28.24M	-24.03M	20.02M

Fenix Resources Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 0.48 is above the 20-day moving average (MA) of 0.43, above the 50-day MA of 0.46, and above the 200-day MA of 0.34, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.31 is Neutral, neither overbought nor oversold. The STOCH value of 74.81 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
GRR	78 Outperform	AU$312.48M	7.07	4.28%	―	-13.54%	-56.86%
RHI	63 Neutral	AU$246.89M	27.04	6.50%	2.10%	―	-94.07%
FEX	62 Neutral	€383.40M	69.59	3.14%	2.08%	21.95%	-84.84%
MLG	62 Neutral	AU$131.69M	10.35	8.79%	―	15.32%	10.05%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Fenix Resources Limited Corporate Events

Fenix Resources Issues 500,000 Performance Rights

Fenix Resources Limited announced the issuance of 500,000 performance rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to incentivize its workforce, potentially impacting its operational efficiency and aligning employee interests with company goals.

Fenix Resources Announces Successful AGM Outcomes

Fenix Resources Ltd announced the successful outcomes of its Annual General Meeting, where key resolutions, including the adoption of the Remuneration Report and the re-election of Director Craig Mitchell, were passed. These resolutions reflect the company’s ongoing commitment to strong governance and leadership as it continues to expand its operations in the iron ore industry, supported by strategic partnerships and a focus on community engagement.

Fenix Resources Expands Iron Ore Hedging to Secure Future Stability

Fenix Resources Ltd has expanded its iron ore hedging contracts, securing an additional 240,000 tonnes for 2026, bringing its total hedged volume to 840,000 tonnes at an average price of A$152.08 per tonne. This strategic move aligns with Fenix’s Price Protection Policy, ensuring a positive cashflow margin while maintaining exposure to spot market prices, thereby strengthening its financial stability and operational planning.

Fenix Resources Announces 2025 AGM Details

Fenix Resources Limited has announced its 2025 Annual General Meeting (AGM) will take place on November 27, 2025, in Perth, Western Australia. Shareholders are advised that the Notice of Meeting will be available electronically, and proxy voting is encouraged to be completed online or via mail. This approach aligns with recent legislative changes, emphasizing digital communication and streamlining shareholder engagement. The AGM is a significant event for stakeholders, providing an opportunity to discuss the company’s strategic direction and operational updates.

Fenix Resources Director Increases Shareholding

Fenix Resources Limited has announced a change in the director’s interest, with John Paul Welborn acquiring an additional 250,000 fully paid ordinary shares through on-market trades. This acquisition increases his total holdings to 22,500,000 shares, reflecting confidence in the company’s prospects and potentially impacting investor perceptions positively.

Fenix Resources Appoints New COO to Drive Strategic Growth

Fenix Resources Ltd has appointed Fernando Pereira as the Chief Operating Officer of its subsidiary Westmine. With extensive experience in iron ore operations, Pereira will oversee Fenix’s existing mining operations and contribute to the company’s strategic goal of increasing production to ten million tonnes per annum. This appointment is a strategic move to leverage recent expansions and enhance operational efficiency, positioning Fenix for significant growth in the iron ore market.

Fenix Resources Director Increases Shareholding

Fenix Resources Limited announced a change in the director’s interest, with John Paul Welborn acquiring an additional 250,000 fully paid ordinary shares through on-market trades, valued at $125,250. This acquisition increases his total shareholding to 22,250,000 shares, potentially strengthening his influence within the company and reflecting confidence in Fenix Resources’ market position.

Fenix Resources Secures Transformational Mining Rights and Reports Record Quarter

Fenix Resources Limited has secured exclusive mining rights to the 290 million tonne Weld Range Iron Ore Project through a landmark 30-year agreement with Baowu, significantly enhancing its growth prospects. The company achieved record operational performance in the September 2025 quarter, with increased iron ore shipments and successful commissioning of its third mine, Beebyn-W11, positioning Fenix for sustainable long-term shareholder value.

Fenix Resources Expands Iron Ore Hedging Strategy Amid Market Changes

Fenix Resources Ltd has updated its iron ore hedge book, securing new contracts for an additional 300,000 tonnes of iron ore, bringing the total hedged volume to 720,000 tonnes at an average price of A$153.18 per tonne until June 2026. This move aligns with the company’s Price Protection Policy, ensuring a positive cash flow margin while maintaining exposure to spot prices. The hedging contracts, in partnership with Macquarie Bank, will transition to a new index reflecting changes in iron ore quality specifications, potentially impacting the company’s financial strategy and market positioning.

Fenix Resources Announces Annual General Meeting for November 2025

Fenix Resources Ltd has announced its Annual General Meeting scheduled for 27 November 2025 in Perth, Western Australia. The company has set a deadline for director nominations by 9 October 2025. This meeting is a significant event for stakeholders as it provides an opportunity to discuss the company’s strategic direction and operational performance. The announcement underscores Fenix’s commitment to transparency and stakeholder engagement, which is crucial for maintaining its position in the competitive mining industry.

Fenix Resources Director Increases Stake with New Performance Rights

Fenix Resources Limited announced a change in the interest of its director, John Paul Welborn, with the acquisition of 30,000,000 performance rights, increasing his total to 45,000,000. This change, approved at the company’s general meeting, reflects a strategic move to align the director’s interests with the company’s performance, potentially impacting the company’s governance and stakeholder confidence.

Fenix Resources Updates Director’s Interest with New Performance Rights

Fenix Resources Limited announced a change in the director’s interest, specifically regarding Craig Douglas Mitchell. The company issued 30,000,000 performance rights to Mr. Mitchell, increasing his total holdings to 35,000,000 performance rights. This change followed shareholder approval at the company’s general meeting, indicating a strategic move to align the director’s interests with the company’s performance goals.

Fenix Resources Issues Performance Rights to Boost Employee Incentives

Fenix Resources Limited has announced the issuance of 65,363,098 performance rights as part of an employee incentive scheme. This move is likely aimed at aligning employee interests with company performance, potentially impacting the company’s operational efficiency and market positioning positively.

Fenix Resources Approves Key Resolutions to Boost Operations

Fenix Resources Ltd announced the approval of several key resolutions at its General Meeting, including the Employee Securities Incentive Plan and the issuance of Performance Rights to Executive Directors John Welborn and Craig Mitchell. These approvals are expected to enhance the company’s operational capabilities and align executive incentives with shareholder interests, potentially strengthening Fenix’s market position and stakeholder relationships.