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: 1.63
Index: ALL-ORDS

Fenix Resources produces iron ore in Western Australia's Mid-West and provides integrated road haulage, storage, port handling and ship-loading services.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.195

23 Oct
2026

-0.005

OPEN

$0.21

-2.50%

HIGH

$0.21

1,985,674

LOW

$0.19

TARGET
$0.38

-0.16 change from previous day

 94.9% 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 FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 1.7 0.7 xxx
DPS (cps) xxx 1.0 0.0 xxx
EPS Growth xxx 100.0% - 58.6% xxx
DPS Growth xxx 0.0% N/A xxx
PE Ratio xxx N/A 28.6 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx 59.2% N/A xxx

Dividend yield today if purchased 3 years ago: 4.44%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.00

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

Last ex-div: 03/09 - ex-div 1.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx1.7
DPS All xxxxxxxxxxxxxxx1.0
Sales/Revenue xxxxxxxxxxxxxxx589.7 M
Book Value Per Share xxxxxxxxxxxxxxx24.2
Net Operating Cash Flow xxxxxxxxxxxxxxx91.2 M
Net Profit Margin xxxxxxxxxxxxxxx2.11 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx6.87 %
Return on Invested Capital xxxxxxxxxxxxxxx4.77 %
Return on Assets xxxxxxxxxxxxxxx2.89 %
Return on Equity xxxxxxxxxxxxxxx6.87 %
Return on Total Capital xxxxxxxxxxxxxxx9.78 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx8.0 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx26 M
Long Term Debt xxxxxxxxxxxxxxx103 M
Total Debt xxxxxxxxxxxxxxx129 M
Goodwill - Gross xxxxxxxxxxxxxxx11 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx82 M
Price To Book Value xxxxxxxxxxxxxxx1.05

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx75.8 M
Capex % of Sales xxxxxxxxxxxxxxx12.85 %
Cost of Goods Sold xxxxxxxxxxxxxxx541 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx21 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3 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

26/10/2026

1

Buy

$0.38

94.87%

Fenix Resources' September quarter report showed port surge disruptions constrained shipments, with sales of 1.1Mt missing forecasts and C1 costs worsening by -2% to $82/t, Bell Potter observes.

FY27 sales guidance of 4.7Mt-5.3Mt is unchanged, with higher shipments and expanded processing capacity expected to lower second-half costs.

Following peak investment, the broker expects cash flow to improve and debt to decline, with Weld Range feasibility and funding targeted by FY27 year-end.

Lower iron ore price assumptions drive EPS cuts of -65%, -40% and -39% for FY27-FY29, respectively. Bell Potter's target falls to 38c from 54c; Buy retained.

FORECAST
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.70 cents.
Bell Potter forecasts a full year FY28 dividend of 0.00 cents and EPS of 4.50 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

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
Access Extra Coverage Research History >

FEX STOCK CHART

FNArena News on FEX

1
FNArena Corporate Results Monitor – 27-08-2026

Aug 27 2026 - Australia
2
FNArena Corporate Results Monitor – 26-02-2026

Feb 26 2026 - Australia
3
Australian Broker Call *Extra* Edition – Oct 22, 2025

Oct 22 2025 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Sep 09, 2025

Sep 09 2025 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Sep 08, 2025

Sep 08 2025 - Daily Market Reports

Latest Iron Ore News

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Oct 21 2026 - Commodities
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Aug 06 2025 - Commodities
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Aug 01 2025 - Commodities
10
Iron Ore Worries Overshadow Fortescue’s FY26

Jul 28 2025 - Australia