FENIX RESOURCES LIMITED (FEX)
Share Price Analysis and Chart

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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

$0.48

21 Oct
2025

-0.025

OPEN

$0.50

-4.95%

HIGH

$0.51

1,105,382

LOW

$0.48

TARGET
$0.65 35.4% upside
Franking for last dividend paid out: 100%
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 9.0 xxx
DPS (cps) xxx 1.0 1.0 xxx
EPS Growth xxx - 84.8% 100.0% xxx
DPS Growth xxx N/A 0.0% xxx
PE Ratio xxx N/A 5.3 xxx
Dividend Yield xxx N/A 2.1% xxx
Div Pay Ratio(%) xxx 135.1% 11.1% xxx

Dividend yield today if purchased 3 years ago: 4.17%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.08

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 xxxxxxxxxxxxxxx1.0
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

17/10/2025

1

Buy

$0.65

35.42%

Fenix Resources delivered record September quarter results. Bell Potter highlights group iron ore production of 1,018kwmt and sales of 885kwmt, up 17% quarter-on-quarter, as operations ramped-up at the Beebyn-W11 mine.

A realised price of US$97/dmt ($148/dmt) and costs (C1) of -$76/wmt were recorded, with a higher lump-to-fines ratio supporting strong margins, explain the analysts.

Cash ended the quarter at $58m, and FY26 guidance was maintained for 4.0-4.4mt of sales at costs (C1) of -$70-80/wmt.

Bell Potter observes rapid progress at the 290mt Weld Range Project, which could lift production to over 10mtpa from late 2026.

The broker retains a Buy rating and a 65c target price.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 1.00 cents and EPS of 9.00 cents.
Bell Potter forecasts a full year FY27 dividend of 1.00 cents and EPS of 4.90 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

22/10/2025

1

Buy

$1.04

116.67%

Petra Capital keeps its Buy rating for Fenix Resources and nudges its price target to $1.04 from $1.03 after another record quarter.

Sep Q’25 shipments hit 885kt (+17% QoQ), with Dec Q’25 sales forecast at 1.1Mt (+24% QoQ) as Beebyn-W11 reaches steady state.

The broker cites the Sinosteel Right-to-Mine deal securing 290Mt of inventory and a 10Mtpa production path, lifting leverage to iron ore; at US$104/t spot, Petra’s valuation would be $1.66/sh.

Quarter-end cash was $57.7m after the $20m RTM upfront and a 1c dividend; FY26 guidance remains 4.0–4.4Mt at C1 $70–$80/wmt. Forecasts have been updated with higher FY26–27 iron-ore pricing projections.

FORECAST
Petra Capital forecasts a full year FY26 dividend of 1.00 cents and EPS of 4.70 cents.
Petra Capital forecasts a full year FY27 dividend of 1.00 cents and EPS of 2.40 cents.
Access Extra Coverage Research History >

FEX STOCK CHART

FNArena News on FEX

1
Australian Broker Call *Extra* Edition – Oct 22, 2025

Oct 22 2025 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Sep 09, 2025

Sep 09 2025 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Sep 08, 2025

Sep 08 2025 - Daily Market Reports
4
FNArena Corporate Results Monitor – 28-08-2025

Aug 28 2025 - Australia
5
Australian Broker Call *Extra* Edition – Apr 27, 2025

Apr 28 2025 - Daily Market Reports

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