Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

Equity, Bottom-up Analyst

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

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<a href="https://www.smartkarma.com/entities/fenix-resources-ltd" target="_blank" data-smartkarma-citation="entities:7405:1" rel="noopener">Fenix Resources (FEX AU)</a> is a small-cap iron ore miner/logistics provider with massive upside based on an increasing sales profile from 1.3 to 4 million tons over FY25/26. </li>
<li>The company is also positioning itself as a logistics provider with the potential to transport 10 million tons of material through the Geraldton Port with its infrastructure in place. </li>
<li>Trading at 5.4x FY25e PE with a 1.8 EV-EBITDA, &gt;38% of the market cap in cash, this is a stock worth exploring.</li>
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Fenix Resources (FEX AU) is a small-cap iron ore miner/logistics provider with massive upside based on an increasing sales profile from 1.3 to 4 million tons over FY25/26. 
The company is also positioning itself as a logistics provider with the potential to transport 10 million tons of material through the Geraldton Port with its infrastructure in place. 
Trading at 5.4x FY25e PE with a 1.8 EV-EBITDA, &gt;38% of the market cap in cash, this is a stock worth exploring.


Fenix Resources (FEX AU): Small Cap Iron Ore Miner With Great Upside

Australia

Apollo Minerals Limited focuses on exploring for and developing uranium, iron-ore and base metal deposits. The Company also looks to invest directly or indirectly in mineral resource projects in Australia and overseas.

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Apollo Minerals (AON AU)

Fenix Resources (FEX AU): Small Cap Iron Ore Miner With Great Upside

We initiate coverage on Fenix Resources (FEX AU), a 200 mn AUD small-cap iron ore miner trading at 5.4x FY25e PE with a 1.8 EV-EBITDA, >38% of the...

Sameer Taneja

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