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: 1.46
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.32

29 Aug
2025

0.000

OPEN

$0.32

0.000

HIGH

$0.32

0

LOW

$0.32

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 FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 0.7 8.8 xxx
DPS (cps) xxx 0.0 1.5 xxx
EPS Growth xxx - 84.8% 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 3.6 xxx
Dividend Yield xxx N/A 4.7% xxx
Div Pay Ratio(%) xxx N/A 17.0% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx0.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx316.1 M
Book Value Per Share xxxxxxxxxxxxxxx24.0
Net Operating Cash Flow xxxxxxxxxxxxxxx68.3 M
Net Profit Margin xxxxxxxxxxxxxxx1.71 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx3.14 %
Return on Invested Capital xxxxxxxxxxxxxxx2.51 %
Return on Assets xxxxxxxxxxxxxxx1.68 %
Return on Equity xxxxxxxxxxxxxxx3.14 %
Return on Total Capital xxxxxxxxxxxxxxx5.01 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx3.6 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx26 M
Long Term Debt xxxxxxxxxxxxxxx57 M
Total Debt xxxxxxxxxxxxxxx83 M
Goodwill - Gross xxxxxxxxxxxxxxx11 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx58 M
Price To Book Value xxxxxxxxxxxxxxx1.17

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx64.3 M
Capex % of Sales xxxxxxxxxxxxxxx20.36 %
Cost of Goods Sold xxxxxxxxxxxxxxx288 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx16 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4 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

28/08/2025

1

Buy

$0.40

25.00%

Fenix Resources reported FY25 earnings (EBITDA) of $56m and profit of $5m, below Bell Potter’s forecasts due to weaker iron ore revenue and higher-than-expected depreciation.

Positively, operating cash flow reached $72m with free cash flow (FCF) of $8m, after -$64m of capital expenditure despite an -18% fall in the iron ore price, highlight the analysts. Net debt at June 30 was $26m.

FY26 guidance implies to the broker iron ore sales of 4-4.4mt, up 75% year-on-year, underpinned by Shine and Beebyn-W11. Costs are guided to -$70-80/wmt compared with -$73/wmt in FY25, with several initiatives expected to lower costs and capital expenditure.

A 1c fully franked dividend was declared, representing 137% of profit.

The broker retains a Buy rating with a 40c target price.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 1.50 cents and EPS of 8.80 cents.
Bell Potter forecasts a full year FY27 dividend of 1.70 cents and EPS of 6.20 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 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
FNArena Corporate Results Monitor – 28-08-2025

Aug 28 2025 - Australia
2
Australian Broker Call *Extra* Edition – Apr 27, 2025

Apr 28 2025 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Mar 12, 2025

Mar 12 2025 - Daily Market Reports
4
FNArena Corporate Results Monitor – 26-02-2025

Feb 26 2025 - Australia
5
Rudi’s View: Best Ideas & Conviction Calls

Feb 20 2025 - Rudi's View

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