Fenix Resources (FEX) Stock Overview
Provides mining, logistics, and port services in Western Australia. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 5/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
FEX Community Fair Values
Create NarrativeSee what 71 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
AU$0.4
FV
35.6% undervalued intrinsic discount20.19%
Revenue growth p.a.
72
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Fenix Resources Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.26 |
| 52 Week High | AU$0.56 |
| 52 Week Low | AU$0.24 |
| Beta | 1.01 |
| 1 Month Change | 1.96% |
| 3 Month Change | -17.46% |
| 1 Year Change | -17.46% |
| 3 Year Change | -13.33% |
| 5 Year Change | -27.78% |
| Change since IPO | -74.00% |
Recent News & Updates
Narrative Update • Jul 21
FEX: Rising Production And Margin Assumptions Will Support A Higher Share Price
Analysts have reduced their fair value estimate for Fenix Resources from A$0.65 to A$0.54, citing updated assumptions for discount rates, revenue, profit margins and future P/E levels. What’s in the News for Fenix Resources Fenix Resources reported operating results for the June 2026 quarter and the fiscal year ended June 30, 2026.
New Narrative • Jul 11
Is FEX Ore-kay?
At A$0.404 per share, Fenix Resources (ASX: FEX) appears reasonably valued based on its current operating performance and near-term production outlook. With approximately 766 million shares on issue, the assessed price values the company’s shares at around A$309 million.
Narrative Update • Jun 22
FEX: Updated Cash Flow Assumptions Will Support Stronger Long Term Returns
Analysts have updated their price target on Fenix Resources to A$2.79, with the change reflecting refreshed assumptions for discount rate, revenue growth, profit margin and future P/E that are broadly in line with prior estimates. What's in the News No recent news items for Fenix Resources were identified in the provided sources.Recent updates
Narrative Update • Jul 21
FEX: Rising Production And Margin Assumptions Will Support A Higher Share Price
Analysts have reduced their fair value estimate for Fenix Resources from A$0.65 to A$0.54, citing updated assumptions for discount rates, revenue, profit margins and future P/E levels. What’s in the News for Fenix Resources Fenix Resources reported operating results for the June 2026 quarter and the fiscal year ended June 30, 2026.New Narrative • Jul 11
Is FEX Ore-kay?
At A$0.404 per share, Fenix Resources (ASX: FEX) appears reasonably valued based on its current operating performance and near-term production outlook. With approximately 766 million shares on issue, the assessed price values the company’s shares at around A$309 million.Narrative Update • Jun 22
FEX: Updated Cash Flow Assumptions Will Support Stronger Long Term Returns
Analysts have updated their price target on Fenix Resources to A$2.79, with the change reflecting refreshed assumptions for discount rate, revenue growth, profit margin and future P/E that are broadly in line with prior estimates. What's in the News No recent news items for Fenix Resources were identified in the provided sources.Narrative Update • Jun 04
FEX: Updated Cash Flow Assumptions Will Support Stronger Long Term Returns
Analysts have nudged their fair value estimate for Fenix Resources slightly higher to A$2.79 from A$2.77, citing updated assumptions for revenue growth, profit margin and future P/E as the key drivers of the revised price target. What's in the News No recent company specific news items or key developments have been provided for Fenix Resources, so this section reflects the current lack of disclosed updates.Narrative Update • Apr 26
FEX: Multi Year Sales Guidance And Costs Will Support Future Returns
Analysts have adjusted their price target on Fenix Resources to A$2.77, reflecting updated assumptions around discount rate, revenue growth, profit margin and future P/E, while keeping their overall fair value view steady at A$2.77. What's in the News Fenix Resources issued production guidance for the financial year ending 30 June 2026, with total iron ore sales expected in the range of 4.2 million tonnes to 4.8 million tonnes at a C1 cash cost of A$70 to A$80 per wmt FOB Geraldton, described as unchanged from guidance first announced on 5 January 2026 (company guidance).Narrative Update • Apr 12
FEX: Multi Year Iron Ore Sales Guidance Will Support Future Returns
Analysts have adjusted their price target on Fenix Resources to A$2.77. This reflects updated views on the discount rate, revenue growth, profit margin and future P/E assumptions.Narrative Update • Mar 28
FEX: Multi Year Production Guidance Will Support Future Earnings Certainty
Analysts have modestly adjusted their price target on Fenix Resources to A$2.77. The shift reflects updated views on discount rate, revenue growth, profit margin, and future P/E assumptions.Narrative Update • Mar 13
FEX: Multi Year Iron Ore Sales Guidance Will Support Future Earnings Certainty
Analysts have adjusted their price target for Fenix Resources to A$2.77, reflecting updated views on risk, growth and profitability assumptions within their models. What's in the News Fenix Resources confirmed production guidance for the year ending 30 June 2026, targeting total iron ore sales of 4.2 million tonnes to 4.8 million tonnes at a C1 cash cost of A$70/wmt to A$80/wmt FOB Geraldton (Key Developments).Narrative Update • Feb 27
FEX: Rising Multi Year Iron Ore Sales Guidance Will Support Future Earnings Certainty
Analysts have adjusted their price target on Fenix Resources to A$2.77. This reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples.
Narrative Update • Feb 12
FEX: Expanded Hedging And Cost Guidance Will Support Future Earnings Confidence
Analysts have lifted their price target for Fenix Resources from A$1.57 to A$1.74, citing updated views on fair value, discount rate assumptions, and expectations for revenue, profit margins, and future P/E levels. What's in the News Issued production guidance for the financial year ending 30 June 2026, targeting total iron ore sales of 4.2 million tonnes to 4.8 million tonnes at a C1 cash cost of A$70/wmt to A$80/wmt FOB Geraldton (Key Developments).Narrative Update • Jan 29
FEX: Extended Hedging And Production Outlook Will Support Future Earnings Certainty
Analysts have nudged their price target for Fenix Resources higher to A$2.77, reflecting slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E that together support a broadly unchanged view of fair value. What's in the News New production guidance targets total iron ore sales of 4.2 million to 4.8 million tonnes for the year ending 30 June 2026, with a C1 cash cost range of A$70/wmt to A$80/wmt FOB Geraldton (Corporate Guidance).Narrative Update • Jan 15
FEX: Extended Iron Ore Hedging Will Support Future Earnings Certainty
Analysts have raised their price target for Fenix Resources from A$2.48 to A$2.77, citing revised assumptions for fair value, discount rate, revenue, profit margins and future P/E expectations. What's in the News Fenix Resources secured additional iron ore hedging contracts covering 240,000 tonnes for January 2026 to December 2026, extending its existing swap hedge book to December 2026.Narrative Update • Sep 17
Production Expansion And Sinosteel Partnership Will Unlock Future Potential
The sharp rise in Fenix Resources' analyst price target reflects significantly improved forecasts for both revenue growth and net profit margin, resulting in a new fair value estimate of A$1.56. What's in the News Issued FY2026 production guidance: total iron ore sales expected at 4.0–4.4Mt, C1 cash costs of $70–$80/wmt FOB Geraldton.Analysis Article • Sep 02
Fenix Resources Limited (ASX:FEX) Held Back By Insufficient Growth Even After Shares Climb 29%
The Fenix Resources Limited ( ASX:FEX ) share price has done very well over the last month, posting an excellent gain...Narrative Update • Sep 02
Production Expansion And Sinosteel Partnership Will Unlock Future Potential
Fenix Resources’ consensus price target has increased to A$0.705, reflecting expanded valuation multiples despite a slowdown in expected revenue growth. What's in the News Issued FY26 production guidance: iron ore sales expected between 4.0–4.4Mt at C1 cash cost of $70–$80/wmt FOB Geraldton.Analysis Article • Aug 30
Earnings Miss: Fenix Resources Limited Missed EPS By 72% And Analysts Are Revising Their Forecasts
The analysts might have been a bit too bullish on Fenix Resources Limited ( ASX:FEX ), given that the company fell...New Narrative • Jul 27
Production Expansion And Sinosteel Partnership Will Unlock Future Potential
Planned production expansion, infrastructure upgrades, and premium product focus position the company for higher efficiency, better margins, and sustainable long-term revenue growth.Analysis Article • Sep 27
Fenix Resources (ASX:FEX) Has A Rock Solid Balance Sheet
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Aug 09
Fenix Resources Limited's (ASX:FEX) Shares Not Telling The Full Story
With a price-to-earnings (or "P/E") ratio of 6.2x Fenix Resources Limited ( ASX:FEX ) may be sending very bullish...Analysis Article • Aug 31
Fenix Resources (ASX:FEX) Has A Pretty Healthy Balance Sheet
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Jan 13
Fenix Resources Limited's (ASX:FEX) Low P/E No Reason For Excitement
With a price-to-earnings (or "P/E") ratio of 3.1x Fenix Resources Limited ( ASX:FEX ) may be sending very bullish...Analysis Article • Sep 20
We Think Fenix Resources' (ASX:FEX) Healthy Earnings Might Be Conservative
Fenix Resources Limited's ( ASX:FEX ) recent earnings report didn't offer any surprises, with the shares unchanged over...Analysis Article • Aug 02
We're Hopeful That Fenix Resources (ASX:FEX) Will Use Its Cash Wisely
There's no doubt that money can be made by owning shares of unprofitable businesses. Indeed, Fenix Resources ( ASX:FEX...Analysis Article • Mar 17
Fenix Resources (ASX:FEX) Is In A Good Position To Deliver On Growth Plans
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...Shareholder Returns
| FEX | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | -3.7% | 1.1% | 2.0% |
| 1Y | -17.5% | 43.1% | 2.4% |
Return vs Industry: FEX underperformed the Australian Metals and Mining industry which returned 43.1% over the past year.
Return vs Market: FEX underperformed the Australian Market which returned 2.4% over the past year.
Price Volatility
| FEX volatility | |
|---|---|
| FEX Average Weekly Movement | 7.2% |
| Metals and Mining Industry Average Movement | 11.4% |
| Market Average Movement | 9.6% |
| 10% most volatile stocks in AU Market | 17.1% |
| 10% least volatile stocks in AU Market | 3.9% |
Stable Share Price: FEX has not had significant price volatility in the past 3 months compared to the Australian market.
Volatility Over Time: FEX's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | n/a | n/a | fenix.com.au |
Fenix Resources Limited provides mining, logistics, and port services in Western Australia. The company’s flagship property is the 100% owned Iron Ridge Iron Ore project located in Western Australia. It operates three iron ore mines in the Mid-West region of Western Australia.
Fenix Resources Limited Fundamentals Summary
| FEX fundamental statistics | |
|---|---|
| Market cap | AU$206.54m |
| Earnings (TTM) | AU$13.25m |
| Revenue (TTM) | AU$479.31m |
15.0x
P/E Ratio0.4x
P/S RatioIs FEX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FEX income statement (TTM) | |
|---|---|
| Revenue | AU$479.31m |
| Cost of Revenue | AU$433.54m |
| Gross Profit | AU$45.77m |
| Other Expenses | AU$32.52m |
| Earnings | AU$13.25m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.017 |
| Gross Margin | 9.55% |
| Net Profit Margin | 2.76% |
| Debt/Equity Ratio | 45.0% |
How did FEX perform over the long term?
See historical performance and comparisonDividends
3.8%
Current Dividend Yield56%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/03 14:33 |
| End of Day Share Price | 2026/08/03 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Fenix Resources Limited is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James Williamson | Bell Potter |
| Michael Bentley | MST Financial Services Pty Limited |