ASX:FEX

Stock Analysis Report

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Executive Summary

Fenix Resources Limited engages in the exploration of mineral tenements in Western Australia. More Details


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Fenix Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FEX is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: FEX's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Australian stocks.


Market Performance


7 Day Return

6.3%

FEX

0.9%

AU Metals and Mining

-1.1%

AU Market


1 Year Return

335.9%

FEX

18.9%

AU Metals and Mining

1.7%

AU Market

Return vs Industry: FEX exceeded the Australian Metals and Mining industry which returned 15.6% over the past year.

Return vs Market: FEX exceeded the Australian Market which returned 0% over the past year.


Shareholder returns

FEXIndustryMarket
7 Day6.3%0.9%-1.1%
30 Day41.7%10.6%10.8%
90 Day13.3%3.5%8.1%
1 Year335.9%335.9%25.3%18.9%5.2%1.7%
3 Year78.9%78.9%64.2%41.5%24.1%8.7%
5 Year161.5%161.5%213.6%154.2%58.8%26.5%

Long-Term Price Volatility Vs. Market

How volatile is Fenix Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Fenix Resources undervalued compared to its fair value and its price relative to the market?

6.52x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FEX's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FEX's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FEX is unprofitable, so we can't compare its PE Ratio to the AU Metals and Mining industry average.

PE vs Market: FEX is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FEX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FEX is overvalued based on its PB Ratio (6.5x) compared to the AU Metals and Mining industry average (2.5x).


Next Steps

Future Growth

How is Fenix Resources forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-49.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FEX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: FEX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: FEX's is expected to become profitable in the next 3 years.

Revenue vs Market: Insufficient data to determine if FEX's revenue is forecast to grow faster than the Australian market.

High Growth Revenue: Insufficient data to determine if FEX's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FEX's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Fenix Resources performed over the past 5 years?

16.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FEX is currently unprofitable.

Growing Profit Margin: FEX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FEX is unprofitable, but has reduced losses over the past 5 years at a rate of 16.6% per year.

Accelerating Growth: Unable to compare FEX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FEX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (38%).


Return on Equity

High ROE: FEX has a negative Return on Equity (-17.1%), as it is currently unprofitable.


Next Steps

Financial Health

How is Fenix Resources's financial position?


Financial Position Analysis

Short Term Liabilities: FEX's short term assets (A$1.4M) exceed its short term liabilities (A$143.3K).

Long Term Liabilities: FEX has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: FEX is debt free.

Reducing Debt: FEX had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: FEX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: FEX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 43% each year


Next Steps

Dividend

What is Fenix Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FEX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FEX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FEX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FEX's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.6yrs

Average board tenure


CEO

Rob Brierley (54 yo)

1.75yrs

Tenure

AU$569,255

Compensation

Mr. Robert James Shaw Brierley, also known as Rob, BEng(Mining), Grad Dip., GA, has been Managing director of Fenix Resources Limited since March 1, 2019 and its Executive Director since November 21, 2018....


CEO Compensation Analysis

Compensation vs Market: Rob's total compensation ($USD419.06K) is above average for companies of similar size in the Australian market ($USD280.56K).

Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Robert James Brierley
MD & Executive Director1.75yrsAU$569.26k1.72%
A$ 1.1m
Garry Plowright
Executive Director2.25yrsAU$79.45k1.28%
A$ 855.0k
Garret Dixon
Independent Non-Executive Chairman0.92yrAU$245.32kno data
Warwick Davies
Non-Executive Director0.083yrno datano data

1.6yrs

Average Tenure

Experienced Board: FEX's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 43.5%.


Top Shareholders

Company Information

Fenix Resources Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fenix Resources Limited
  • Ticker: FEX
  • Exchange: ASX
  • Founded: 2007
  • Industry: Steel
  • Sector: Materials
  • Market Cap: AU$66.846m
  • Shares outstanding: 393.21m
  • Website: https://fenixresources.com.au

Location

  • Fenix Resources Limited
  • Emerald House
  • Office 10
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FEXASX (Australian Securities Exchange)YesOrdinary SharesAUAUDAug 2008
FEXCHIA (Chi-X Australia)YesOrdinary SharesAUAUDAug 2008

Biography

Fenix Resources Limited engages in the exploration of mineral tenements in Western Australia. The company’s flagship property is the 100% owned Iron Ridge project located in Perth. It also explores for van...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 07:01
End of Day Share Price2020/12/02 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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 here.