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Fenix Resources Limited
(Sydney:FEX)
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Rating:61Neutral
Price Target:
AU$0.21
▼(-37.58% Downside)
Action:Reiterated
Date:08/27/26
The score is led by solid revenue expansion but held back by less consistent profitability, rising debt, and weaker/volatile free cash flow. Technicals are mixed with modest near-term momentum but a weaker longer-term trend, while valuation is supportive with a moderate P/E and a ~3.5% dividend yield.
Positive Factors
Strong Revenue Expansion
Fenix has more than doubled revenue across the reported period, showing substantial expansion in its iron ore operating base. Continued top-line growth can improve fixed-cost absorption, support reinvestment in production and logistics, and strengthen the company’s ability to scale earnings over the next several quarters.
Negative Factors
Rising Leverage
Debt has increased materially faster than the earlier balance-sheet base, reducing financial flexibility as leverage rises. A larger debt burden can constrain future capital allocation and make the company more exposed if iron ore conditions weaken or operating cash generation becomes less reliable.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Expansion
Fenix has more than doubled revenue across the reported period, showing substantial expansion in its iron ore operating base. Continued top-line growth can improve fixed-cost absorption, support reinvestment in production and logistics, and strengthen the company’s ability to scale earnings over the next several quarters.
Read all positive factors
Fenix Resources Limited (FEX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$150.28M
Dividend Yield5.13%
Average Volume (3M)762.24K
Price to Earnings (P/E)11.7
Beta (1Y)1.31
Revenue Growth86.57%
EPS Growth124.32%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.02
Shares Outstanding770,684,800
10 Day Avg. Volume917,056
30 Day Avg. Volume762,235
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)1.01
Price to Sales (P/S)0.32
P/FCF Ratio12.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.54Price Target Upside63.64% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.02
Revenue Forecast (FY)AU$687.50M
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. Revenue is generated when the company mines and processes iron ore, transports it through its logistics chain to an export port, and sells it to customers (typically under physical commodi...
Fenix Resources Limited Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 589.73M | 316.09M | 259.20M | 196.85M | 249.17M |
| Gross Profit | 49.01M | 72.61M | 59.83M | 38.48M | 66.97M |
| EBITDA | 79.07M | 56.89M | 74.92M | 46.41M | 75.89M |
| Net Income | 12.47M | 5.39M | 33.64M | 29.25M | 50.69M |
Balance Sheet | |||||
| Total Assets | 494.72M | 364.47M | 266.78M | 188.54M | 152.39M |
| Cash, Cash Equivalents and Short-Term Investments | 81.83M | 57.82M | 77.35M | 76.37M | 101.93M |
| Total Debt | 128.80M | 82.92M | 41.92M | 21.37M | 374.03K |
| Total Liabilities | 309.67M | 186.70M | 100.44M | 63.70M | 44.16M |
| Stockholders Equity | 185.19M | 177.77M | 166.34M | 124.84M | 108.22M |
Cash Flow | |||||
| Free Cash Flow | 15.42M | 7.53M | 42.24M | 12.18M | 55.38M |
| Operating Cash Flow | 91.20M | 71.88M | 68.49M | 16.28M | 62.29M |
| Investing Cash Flow | -75.51M | -64.20M | -40.14M | -13.75M | -5.44M |
| Financing Cash Flow | 6.70M | -27.89M | -26.95M | -28.24M | -24.03M |
Fenix Resources Limited Technical Analysis
Negative
0.33
Price Trends
0.24
Negative
0.25
Negative
0.30
Negative
Market Momentum
-0.01
Positive
26.88
Positive
8.93
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 0.33 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.24, and above the 200-day MA of 0.30, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 26.88 is Positive, neither overbought nor oversold. The STOCH value of 8.93 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | AU$150.28M | 11.75 | 6.80% | 5.13% | 86.57% | 124.32% | |
60 Neutral | AU$39.67M | -70.18 | -2.00% | ― | 104.42% | ― | |
52 Neutral | AU$260.77M | 12.69 | 21.31% | 5.52% | ― | 119.59% | |
46 Neutral | AU$21.19M | -0.25 | -943.96% | 12.16% | 397.37% | -578.07% | |
43 Neutral | AU$275.50M | -10.63 | -75.32% | ― | ― | 40.33% |
* Basic Materials Sector Average
AU:FEX
Fenix Resources Limited
0.20
-0.29
-59.79%
AU:IMA
Image Resources NL
0.02
-0.04
-69.84%
AU:RHI
Red Hill Iron Limited
4.06
0.27
7.12%
AU:LCY
Legacy Iron Ore Ltd
―
―
―
AU:SVM
Sovereign Metals Limited
0.42
-0.31
-42.07%
Fenix Resources Limited Corporate Events
Fenix Resources Crystallises A$10m from Iron Ore Hedge Book Amid Price Weakness
Oct 22, 2026
Fenix Resources has closed out its Australian dollar iron ore swap hedge book for more than A$10 million in cash, taking advantage of recent weakness in benchmark iron ore prices. The company’s hedges covered 480,000 tonnes at an average A$1...
Fenix Resources cements Beebyn Hub as new growth base despite cost headwinds
Oct 21, 2026
Fenix Resources reported that the September 2026 quarter marked a key transition as it moved operations to the new Beebyn Hub, while navigating weaker iron ore prices, higher fuel costs and seasonal disruptions at Geraldton Port. The company highl...
Fenix Resources Sets AGM Date as It Drives Expansion Toward 10Mtpa Iron Ore Platform
Oct 2, 2026
Fenix Resources has called its Annual General Meeting for 27 November 2026 in Perth and invited director nominations by 9 October 2026, signaling routine governance processes as the company continues to expand its operations. The meeting comes as ...
Fenix Secures Maiden Beebyn Hub Ore Reserve to Extend Weld Range Mine Life
Sep 2, 2026
Fenix has announced a maiden Ore Reserve for its Beebyn Hub of 26.9 million tonnes at 60.0% iron, integrating an updated Beebyn-W11 reserve and a Stage 1 reserve for the newly approved Beebyn-W10 mine. This consolidated hub underpins the company&#...
Fenix Resources posts record iron ore output and secures major Weld Range expansion
Aug 26, 2026
Fenix Resources has reported record full‑year production of 4.4 million tonnes of iron ore for FY26, an 83% rise that drove revenue up 87% to $590 million and net profit after tax up 128% to $12 million. The company also posted stronger cash...
Fenix Resources Details Compliance With ASX Governance Principles
Aug 26, 2026
Fenix Resources has released its latest Corporate Governance Statement, confirming broad compliance with the ASX Corporate Governance Council’s fourth edition principles for the 2026 financial year. The statement outlines board structures, a...
Fenix Resources Declares AUD 0.01 Dividend for FY 2026
Aug 25, 2026
Fenix Resources Ltd has declared a dividend of AUD 0.01 per ordinary fully paid share, relating to the twelve-month period ended 30 June 2026. The shares will trade ex-dividend on 3 September 2026, with a record date of 4 September 2026 and paymen...
Fenix Resources Maps Climate Risks and Opportunities Under New Disclosure Rules
Aug 25, 2026
Fenix Resources has released its first sustainability report aligned with new Australian climate-related financial disclosure standards, outlining how it assesses climate risks across its operations and value chain. The company supports mandatory ...
Fenix Resources Details Governance and Releases 2026 Annual Report
Aug 25, 2026
Fenix Resources Limited has released its 2026 annual report, outlining the company’s governance structure, board composition and key corporate service providers. The report details the directors, company secretary, auditor, share registry, a...
Fenix Resources Doubles Profit as Iron Ore Expansion Underpins Dividend Payout
Aug 25, 2026
Fenix Resources reported a sharp rise in financial performance for the year ended 30 June 2026, with revenue from continuing operations climbing 87% to $589.7 million and net profit attributable to owners more than doubling, up 131% to $12.5 milli...
Fenix Resources Issues 2.66 Million Unquoted Performance Rights Under Incentive Scheme
Aug 14, 2026
Fenix Resources Ltd is an Australian resources company listed on the ASX under ticker FEX, operating in the mining sector and utilising performance-based equity instruments within its broader remuneration and capital management strategy.The compan...
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.