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FEX

Fenix ResourcesASX:FEX Stock Report

Market Cap

AU$108.6m

7D

-23.7%

1Y

73.1%

Updated

24 Sep, 2021

Data

Company Financials
FEX fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends3/6

FEX Overview

Fenix Resources Limited engages in the exploration, development, and mining of mineral tenements.

Fenix Resources Competitors

Mount Gibson Iron

ASX:MGX

AU$582.1m

BHP Group

ASX:BHP

AU$188.4b

GWR Group

ASX:GWR

AU$42.4m

Price History & Performance

Summary of all time highs, changes and price drops for Fenix Resources
Historical stock prices
Current Share PriceAU$0.23
52 Week HighAU$0.12
52 Week LowAU$0.46
Beta2.9
1 Month Change-22.41%
3 Month Change-31.82%
1 Year Change73.08%
3 Year Changen/a
5 Year Change350.00%
Change since IPO-77.50%

Recent News & Updates

Shareholder Returns

FEXAU Metals and MiningAU Market
7D-23.7%-1.5%-0.5%
1Y73.1%11.5%24.9%

Return vs Industry: FEX exceeded the Australian Metals and Mining industry which returned 13% over the past year.

Return vs Market: FEX exceeded the Australian Market which returned 25.4% over the past year.

Price Volatility

Is FEX's price volatile compared to industry and market?
FEX volatility
FEX Beta2.9
Industry Beta0.93
Market Beta1

Stable Share Price: FEX is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: FEX's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007n/aRob Brierleyhttps://fenixresources.com.au

Fenix Resources Limited engages in the exploration, development, and mining of mineral tenements. It operates through two segments, Iron Ridge Project and Trucking Joint Venture. The company’s flagship property is the 100% owned Iron Ridge Iron Ore project located in Western Australia.

Fenix Resources Fundamentals Summary

How do Fenix Resources's earnings and revenue compare to its market cap?
FEX fundamental statistics
Market CapAU$108.61m
Earnings (TTM)AU$49.04m
Revenue (TTM)AU$114.38m

2.2x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FEX income statement (TTM)
RevenueAU$114.38m
Cost of RevenueAU$51.56m
Gross ProfitAU$62.82m
ExpensesAU$13.78m
EarningsAU$49.04m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.10
Gross Margin54.92%
Net Profit Margin42.88%
Debt/Equity Ratio0%

How did FEX perform over the long term?

See historical performance and comparison

Dividends

23.3%

Current Dividend Yield

44%

Payout Ratio

Valuation

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$0.23) is trading below our estimate of fair value (A$30.76)

Significantly Below Fair Value: FEX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FEX is good value based on its PE Ratio (2.2x) compared to the Australian Metals and Mining industry average (12.1x).

PE vs Market: FEX is good value based on its PE Ratio (2.2x) compared to the Australian market (18.7x).


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 good value based on its PB Ratio (1.4x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Fenix Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

0.6%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Fenix Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Fenix Resources performed over the past 5 years?

76.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FEX has high quality earnings.

Growing Profit Margin: FEX became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: FEX has become profitable over the past 5 years, growing earnings by 76.3% per year.

Accelerating Growth: FEX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: FEX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (44.4%).


Return on Equity

High ROE: FEX's Return on Equity (63.5%) is considered outstanding.


Financial Health

How is Fenix Resources's financial position?


Financial Position Analysis

Short Term Liabilities: FEX's short term assets (A$88.8M) exceed its short term liabilities (A$29.3M).

Long Term Liabilities: FEX's short term assets (A$88.8M) exceed its long term liabilities (A$8.3M).


Debt to Equity History and Analysis

Debt Level: FEX is debt free.

Reducing Debt: FEX had no debt 5 years ago.

Debt Coverage: FEX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FEX has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

23.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FEX's dividend (22.83%) is higher than the bottom 25% of dividend payers in the Australian market (2.34%).

High Dividend: FEX's dividend (22.83%) is in the top 25% of dividend payers in the Australian market (5.42%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether FEX's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if FEX's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (43.5%), FEX's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

1.2yrs

Average management tenure


CEO

Rob Brierley (55 yo)

2.5yrs

Tenure

AU$613,846

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 ($USD445.75K) is above average for companies of similar size in the Australian market ($USD281.32K).

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


Leadership Team

Experienced Management: FEX's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: FEX's board of directors are not considered experienced ( 1.8 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: FEX insiders have sold more shares than they have bought 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 32.2%.


Top Shareholders

Company Information

Fenix Resources Limited's 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$108.609m
  • Shares outstanding: 472.21m
  • Website: https://fenixresources.com.au

Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 08:05
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.