Executive Summary
Fenix Resources Limited engages in the exploration of metal properties in Western Australia.
Rewards
Risk Analysis
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
24.3%
FEX
0.7%
AU Metals and Mining
5.0%
AU Market
1 Year Return
-17.1%
FEX
3.4%
AU Metals and Mining
-10.3%
AU Market
Return vs Industry: FEX underperformed the Australian Metals and Mining industry which returned 3.4% over the past year.
Return vs Market: FEX underperformed the Australian Market which returned -10.3% over the past year.
Shareholder returns
| FEX | Industry | Market | |
|---|---|---|---|
| 7 Day | 24.3% | 0.7% | 5.0% |
| 30 Day | 67.3% | 12.1% | 8.8% |
| 90 Day | 107.1% | 9.1% | -9.9% |
| 1 Year | -17.1%-17.1% | 8.6%3.4% | -6.6%-10.3% |
| 3 Year | 117.5%117.5% | 59.8%39.1% | 11.1%-3.5% |
| 5 Year | 24.3%24.3% | 99.9%62.0% | 28.9%1.1% |
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
1 month ago | Simply Wall St
Could The Fenix Resources Limited (ASX:FEX) Ownership Structure Tell Us Something Useful?2 months ago | Simply Wall St
Are Insiders Buying Fenix Resources Limited (ASX:FEX) Stock?3 months ago | Simply Wall St
We're Keeping An Eye On Fenix Resources's (ASX:FEX) Cash Burn RateValuation
Is Fenix Resources undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FEX (A$0.09) is trading below our estimate of fair value (A$0.67)
Significantly Below Fair Value: FEX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FEX is unprofitable, so we can't compare its PE Ratio to the 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 (3.1x) compared to the AU Metals and Mining industry average (1.4x).
Next Steps
Future Growth
How is Fenix Resources forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
70.5%
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: FEX's Return on Equity is forecast to be low in 3 years time (18%).
Next Steps
Past Performance
How has Fenix Resources performed over the past 5 years?
8.7%
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 8.7% 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 (-7.9%).
Return on Equity
High ROE: FEX has a negative Return on Equity (-21.48%), 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$2.3M) exceed its short term liabilities (A$52.9K).
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 41.1% 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?
1.7yrs
Average board tenure
CEO
Rob Brierley (53yo)
1.17yrs
Tenure
AU$589,288
Compensation
Mr. Robert James Shaw Brierley, also known as Rob, BEng(Mining), Grad Dip., GA, serves as Director and Managing director of Fenix Resources Limited since April 2019 and was its Executive Chairman until Apr ...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD391.24K) is above average for companies of similar size in the Australian market ($USD253.20K).
Compensation vs Earnings: Rob's compensation has increased whilst the company is unprofitable.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 1.17yrs | AU$589.29k | 1.84% A$456.8k | |
| Executive Director | 1.67yrs | AU$115.09k | 1.78% A$443.1k | |
| Non-Executive Chairman | 0.33yr | no data | no data |
1.7yrs
Average Tenure
Experienced Board: FEX's board of directors are not considered experienced ( 1.7 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 14.4%.
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$24.862m
- Shares outstanding: 285.77m
- Website: https://fenixresources.com.au
Location
- Fenix Resources Limited
- 89 St Georges Terrace
- Level 1
- Perth
- Western Australia
- 6000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FEX | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Aug 2008 |
| FEX | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Aug 2008 |
Biography
Fenix Resources Limited engages in the exploration of metal properties in Western Australia. The company’s flagship property is the Ridge iron ore project located in Perth. It also explores for vanadium and manganese deposits. The company was formerly known as Emergent Resources Limited. Fenix Resources Limited was incorporated in 2007 and is based in Perth, Australia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/30 10:38 |
| End of Day Share Price | 2020/05/29 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/06/30 |
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.