FENIX RESOURCES LIMITED (FEX)
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FEX

FEX - FENIX RESOURCES LIMITED

FNArena Sector : Iron Ore
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.57
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.32

04 Aug
2025

0.020

OPEN

$0.31

6.67%

HIGH

$0.32

1,625,129

LOW

$0.30

TARGET
$0.40 25.0% upside
OTHER COMPANIES IN THE SAME SECTOR
ARI . CIA . DRR . FMG . GEN . GRR . MGX . MIN .
FNARENA'S MARKET CONSENSUS FORECASTS
FEX: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 4.9 3.3 xxx
DPS (cps) xxx 0.0 0.9 xxx
EPS Growth xxx - 4.7% - 32.2% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 9.4 xxx
Dividend Yield xxx N/A 2.9% xxx
Div Pay Ratio(%) xxx N/A 27.3% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

Estimated Dividend Growth
(Average Of Past Three Years)

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx4.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx259.2 M
Book Value Per Share xxxxxxxxxxxxxxx23.9
Net Operating Cash Flow xxxxxxxxxxxxxxx68.5 M
Net Profit Margin xxxxxxxxxxxxxxx12.98 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx23.10 %
Return on Invested Capital xxxxxxxxxxxxxxx20.24 %
Return on Assets xxxxxxxxxxxxxxx14.61 %
Return on Equity xxxxxxxxxxxxxxx23.10 %
Return on Total Capital xxxxxxxxxxxxxxx27.85 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx34.6 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx13 M
Long Term Debt xxxxxxxxxxxxxxx29 M
Total Debt xxxxxxxxxxxxxxx42 M
Goodwill - Gross xxxxxxxxxxxxxxx11 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx77 M
Price To Book Value xxxxxxxxxxxxxxx1.32

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx26.2 M
Capex % of Sales xxxxxxxxxxxxxxx10.13 %
Cost of Goods Sold xxxxxxxxxxxxxxx199 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx10 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

25/07/2025

1

Buy

$0.40

25.00%

Fenix Resources announced iron ore production of 753kwmt for 4Q25 against Bell Potter's forecast of 673kwmt, and record quarterly sales up 8% on the previous quarter to 760kwmt, above the analyst's estimate.

Cash costs lowered -6% on the March quarter to $72wmt for Iron Ridge and Shine at $52wmt, down -24%, boosted by the sale of lower grade inventories.

Net cash flow from operations was $24m, cash on hand at quarter end was $57m, and Bell Potter views the result as "strong".

The analyst lifts EPS estimates by 33% for FY25 and 9% for FY26. Buy unchanged. Target moves to 40c from 41c.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 0.90 cents and EPS of 3.30 cents.
Bell Potter forecasts a full year FY26 dividend of 1.70 cents and EPS of 10.00 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Petra Capital

27/04/2025

1

Buy

$0.40

25.00%

Petra Capital highlights Fenix Resources' iron ore shipment in 3Q25 was a record 704,000 wmt, putting it on track to lift the annual production rate to 4Mtpa in 2025. Shipments at both the Iron Ridge and Shine mines beat the broker's forecast.

The company remains on track for first production at Beebyn-W11 in the September quarter, and the broker expects the 4Mtpa run-rate to be achieved in the December quarter.

The company isn't sweetening its offer for CZR Resources ((CZR)), so it could lose on the acquisition opportunity against a counter-bid from Rio Tinto/Mitsui JV. The broker expects other opportunities to be investigated.

Buy. Target rises to 40c from 39c.

FORECAST
Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of 2.60 cents.
Petra Capital forecasts a full year FY26 dividend of 1.40 cents and EPS of 5.00 cents.
Access Extra Coverage Research History >

FEX STOCK CHART

FNArena News on FEX

1
Australian Broker Call *Extra* Edition – Apr 27, 2025

Apr 28 2025 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Mar 12, 2025

Mar 12 2025 - Daily Market Reports
3
FNArena Corporate Results Monitor – 26-02-2025

Feb 26 2025 - Australia
4
Rudi’s View: Best Ideas & Conviction Calls

Feb 20 2025 - Rudi's View
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