CHAMPION IRON LIMITED (CIA)
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CIA - CHAMPION IRON LIMITED

FNArena Sector : Iron Ore
Year End: March
GICS Industry Group : Materials
Debt/EBITDA: 1.12
Index: ASX200 | ASX300 | ALL-ORDS

Champion Iron is engaged in the exploration, development and production of iron ore in Quebec, Canada. The company has been listed on the ASX since 2007.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.49

21 Nov
2024

0.160

OPEN

$5.45

3.00%

HIGH

$5.58

1,880,156

LOW

$5.45

TARGET
$6.90 25.7% upside
OTHER COMPANIES IN THE SAME SECTOR
ARI . BCI . DRR . FEX . FMG . GEN . GRR . MGX . MIN . RHK .
FNARENA'S MARKET CONSENSUS FORECASTS
CIA: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 50.9 xxx
DPS (cps) 21.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.0 xxx
Dividend Yield 3.8% xxx
Div Pay Ratio(%) 41.3% xxx
This company reports in CAD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 11/11 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx51.0
DPS All xxxxxxxxxxxxxxx22.2
Sales/Revenue xxxxxxxxxxxxxxx1,719.0 M
Book Value Per Share xxxxxxxxxxxxxxx305.3
Net Operating Cash Flow xxxxxxxxxxxxxxx535.2 M
Net Profit Margin xxxxxxxxxxxxxxx15.36 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx17.76 %
Return on Invested Capital xxxxxxxxxxxxxxx12.56 %
Return on Assets xxxxxxxxxxxxxxx9.21 %
Return on Equity xxxxxxxxxxxxxxx17.76 %
Return on Total Capital xxxxxxxxxxxxxxx22.55 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx48.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx42 M
Long Term Debt xxxxxxxxxxxxxxx656 M
Total Debt xxxxxxxxxxxxxxx698 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx453 M
Price To Book Value xxxxxxxxxxxxxxx2.43

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx387.1 M
Capex % of Sales xxxxxxxxxxxxxxx22.52 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,145 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx90 M
Research & Development xxxxxxxxxxxxxxx13 M
Investments - Total xxxxxxxxxxxxxxx16 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

01/11/2024

1

Buy

$6.80

23.86%

Ater a further review of yesterday's September quarterly, Citi lowers its target for Champion Iron to $6.80 from $7.20 as lower forecast earnings are partly offset by a favourable currency movement. The Buy rating is maintained.

Yesterday's Broker Report noted: Citi observes Champion Iron missed EBITDA for Sept quarter trading update versus consensus, a fall of -59% on the previous quarter and down -52% year-on-year.

Revenues came in lower than the analyst's forecast by -7% and concentrate sales -2% lower. Net income fell -76% on the previous quarter and -70% annually.

FORECAST
Citi forecasts a full year FY25 dividend of 22.14 cents and EPS of 43.16 cents.
Citi forecasts a full year FY26 dividend of 22.14 cents and EPS of 67.52 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

10/10/2024

2

Downgrade to Overweight from Buy

$6.91

25.87%

Jarden lowers its target for Champion Iron to $6.91 from $7.47 and downgrades to Overweight from Buy.

The target falls due to a - 7% reduction in the broker's FY27 P65 grade (65% iron content) price average forecast, offset marginally by a lower assumed weighted average cost of capital (WACC).

The analysts forecast a price realisation for 66.2% Bloom Lake concentrate of US$120.8/dmt compared to the US$126.1/dmt average for the June quarter.

Underpinning the broker's Overweight rating, is the new DRPF 69% iron project which is progressing well, notes the broker. The low impurity DRPF product is a strategic differentiator helping achieve materially improved prices, explains Jarden.

FORECAST
Jarden forecasts a full year FY25 dividend of 28.78 cents and EPS of 63.64 cents.
Jarden forecasts a full year FY26 dividend of 15.49 cents and EPS of 41.95 cents.
Access Extra Coverage Research History >

CIA STOCK CHART

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