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

$0.275

15 Apr
2025

0.005

OPEN

$0.27

1.85%

HIGH

$0.28

777,312

LOW

$0.27

TARGET
$0.41 49.1% upside
OTHER COMPANIES IN THE SAME SECTOR
ARI . BCI . 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 2.9 xxx
DPS (cps) xxx 0.0 0.8 xxx
EPS Growth xxx - 4.7% - 40.5% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 10.3 xxx
Dividend Yield xxx N/A 2.7% xxx
Div Pay Ratio(%) xxx N/A 27.6% 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

16/04/2025

1

Buy

$0.41

49.09%

Fenix Resources' 3Q25 group iron ore production of 851kwmt was a record as the Shine mine ramped up to full capacity, beating Bell Potter's forecast of 646kwmt. Sales was also ahead of the forecast.

Costs were lower q/q at both Iron Ridge and Shine, and the company reiterated expectations for $68/wmt average cost at Shine in 4Q vs $78/wmt in 3Q.

The broker notes the company is on track to reach group production of 4Mtpa by 1Q26 as Beebyn-W11 ramps up by then.

Buy. Target unchanged at 41c.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 0.80 cents and EPS of 2.90 cents.
Bell Potter forecasts a full year FY26 dividend of 1.50 cents and EPS of 9.70 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

12/03/2025

1

Buy

$0.39

41.82%

Petra Capital notes Fenix Resources' acquisition of CZR Resources ((CZR)) will create a large-scale iron ore mining and logistics business in the mid-West and Pilbara regions of WA.

The broker observes Fenix will bring in operational experience and balance sheet strength, and CZR a significant asset base and a development-ready project.

Commentary highlights the key benefit is an uplift in group margins along with an addition of 3.5-5Mtpa to Fenix's iron ore production.

Ahead of the deal completion, the broker cut the target price cut to 39c from 40c, and retained its Buy rating. After incorporating the acquisition, the broker estimates the diluted target price to rise to 49c.

FORECAST
Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of 2.50 cents.
Petra Capital forecasts a full year FY26 dividend of 1.30 cents and EPS of 4.70 cents.
Access Extra Coverage Research History >

FEX STOCK CHART

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1
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2
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