CHAMPION IRON LIMITED (CIA)
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CIA

CIA - CHAMPION IRON LIMITED

FNArena Sector : Iron Ore
Year End: March
GICS Industry Group : Materials
Debt/EBITDA: 1.72
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

$4.38

03 Sep
2025

-0.060

OPEN

$4.42

-1.35%

HIGH

$4.47

1,068,676

LOW

$4.36

TARGET
$5.533 26.3% upside
OTHER COMPANIES IN THE SAME SECTOR
ARI . DRR . FEX . FMG . GEN . GRR . MGX . MIN .
FNARENA'S MARKET CONSENSUS FORECASTS
CIA: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 40.0 xxx
DPS (cps) 16.1 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.2 xxx
Dividend Yield 3.6% xxx
Div Pay Ratio(%) 40.3% 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: 4.40%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.94

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 © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx30.2
DPS All xxxxxxxxxxxxxxx22.2
Sales/Revenue xxxxxxxxxxxxxxx1,771.3 M
Book Value Per Share xxxxxxxxxxxxxxx308.8
Net Operating Cash Flow xxxxxxxxxxxxxxx335.2 M
Net Profit Margin xxxxxxxxxxxxxxx8.84 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx9.84 %
Return on Invested Capital xxxxxxxxxxxxxxx6.71 %
Return on Assets xxxxxxxxxxxxxxx4.75 %
Return on Equity xxxxxxxxxxxxxxx9.84 %
Return on Total Capital xxxxxxxxxxxxxxx14.81 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-414.5 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx61 M
Long Term Debt xxxxxxxxxxxxxxx831 M
Total Debt xxxxxxxxxxxxxxx892 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx131 M
Price To Book Value xxxxxxxxxxxxxxx1.57

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx667.7 M
Capex % of Sales xxxxxxxxxxxxxxx37.69 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,334 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx84 M
Research & Development xxxxxxxxxxxxxxx9 M
Investments - Total xxxxxxxxxxxxxxx17 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

0.7

No. Of Recommendations

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

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

31/07/2025

3

Downgrade to Neutral from Outperform

$5.00

14.16%

Champion Iron's 1Q26 production missed Macquarie and consensus forecasts by an average -5% but shipments beat the consensus on higher inventory drawdown.

The disappointment was on the cost side which was 10% higher than the broker's estimate, and contributed to the -44% miss to the EBITDA forecast. Net debt was in line due to CA$36m proceeds from warrants.

The broker made significant cuts to FY26-28 EPS forecasts on higher costs and share count.

Target cut to $5.00 from $5.60. Rating downgraded to Neutral from Outperform.

FORECAST
Macquarie forecasts a full year FY26 dividend of 9.99 cents and EPS of 43.30 cents.
Macquarie forecasts a full year FY27 dividend of 13.32 cents and EPS of 33.31 cents.

Citi

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

Jarden

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Canaccord Genuity

06/08/2025

1

Buy

-

-

Canaccord Genuity views Champion Iron’s June quarter result as neutral, with financials ahead of the broker’s estimates due to higher sales from inventory and a stronger realised price. 

Earnings (EBITDA) of CA$58m beat the analysts' CA$35m but trailed consensus.

Production of 3.52m wmt iron 66% concentrate exceeded the broker's expectations on improved mill throughput, while costs (AISC) of CA$96/dmt were in line with prior quarters but left a narrow pre-tax margin of just CA$6/t.

Record shipments of 3.83m dmt helped reduce finished inventory to 2.1m wmt from 3.0m wmt. Higher-cost stockpiles fed through the mill raised unit costs, explains the broker. while hard ore conditions are expected to persist short-term.

The 8mtpa DRPF upgrade remains on schedule for completion by end-2025, highlights Canaccord, with -CA$387m of the -CA$470m capex spent to date.

The broker modestly lowers its target to CA$5.25 from CA$5.50 and reiterates a Buy rating.

FORECAST
Canaccord Genuity forecasts a full year FY26 EPS of 7.77 cents.
Canaccord Genuity forecasts a full year FY27 EPS of 33.31 cents.
Access Extra Coverage Research History >

CIA STOCK CHART

FNArena News on CIA

1
Australian Broker Call *Extra* Edition – Aug 28, 2025

Aug 28 2025 - Daily Market Reports
2
Rudi Interviewed: Is August Too Early?

Aug 13 2025 - Rudi's View
3
Can Champion Iron Deliver On Growth Projects?

Aug 06 2025 - Commodities
4
Australian Broker Call *Extra* Edition – Aug 06, 2025

Aug 06 2025 - Daily Market Reports
5
Rudi’s View: Five Bellwethers For August

Aug 06 2025 - Rudi's View

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