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

$5.55

06 Nov
2025

0.050

OPEN

$5.52

0.91%

HIGH

$5.55

1,269,225

LOW

$5.36

TARGET
$5.325 -4.1% downside
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) 44.7 xxx
DPS (cps) 10.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 12.1 xxx
Dividend Yield 1.8% xxx
Div Pay Ratio(%) 22.4% 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 :

 4.05

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

0.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Bell Potter

31/10/2025

3

Downgrade to Hold from Buy

$5.65

1.80%

Bell Potter raises its target price for Champion Iron to $5.65 from $5.40 and downgrades to Hold from Buy. The company reported a strong September quarter, according to the analysts, with production of 3.6mt and record sales of 3.9mt.

Revenue reached CA$493m and first-half earnings (EBITDA) totalled CA$233m, while net income was CA$81m.

Costs fell 7% to -CA$76/t, the first quarterly decline in over a year, highlights the broker, despite scheduled maintenance and rail disruptions.

Bell Potter notes the CA$500m Direct Reduction Pellet Feed (DRPF) project remains on track for December commissioning, with first shipments expected mid-2026.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 22.60 cents and EPS of 43.12 cents.
Bell Potter forecasts a full year FY27 dividend of 21.90 cents and EPS of 62.91 cents.
Access Stockbroker Research History >
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

Canaccord Genuity

xx/xx/xxxx

1

xxx

-

xx.xx%

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Jarden

06/11/2025

1

Buy

$5.55

0%

Jarden comments Champion Iron delivered a strong 1Q26, with record sales of 3.85Mt, about 5% ahead of consensus and supported by improved rail logistics and inventory drawdown despite a scheduled shutdown. Production rose 1% q/q to 3.55Mt.

C1 costs of CA$76/t were -4% below consensus, reflecting sustained operational efficiencies and stronger ore recovery, Jarden notes.

Revenue of CA$493m and earnings (EBITDA) of CA$175m materially exceeded expectations, lifting cash to CA$326m.

The DRPF project remains on track for commissioning in December 2025, with capex slightly above plan at CA$508m. Jarden expects the higher-grade 69% Fe product to achieve a US$15/t premium once in full production.

Jarden lifts its earnings (EBITDA) forecasts with FY26 raised 25% to CA$476m and FY27–FY28 lifted modestly on stronger realised pricing and continued cost discipline.

Buy. Target moved down to $5.55 from $6.

FORECAST
Jarden forecasts a full year FY26 EPS of 33.68 cents.
Jarden forecasts a full year FY27 EPS of 47.46 cents.
Access Extra Coverage Research History >

CIA STOCK CHART

FNArena News on CIA

1
Australian Broker Call *Extra* Edition – Nov 06, 2025

Nov 06 2025 - Daily Market Reports
2
FNArena Corporate Results Monitor – 03-11-2025

Nov 03 2025 - Australia
3
Weekly Ratings, Targets, Forecast Changes – 31-10-25

Nov 03 2025 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Aug 28, 2025

Aug 28 2025 - Daily Market Reports
5
Rudi Interviewed: Is August Too Early?

Aug 13 2025 - Rudi's View

Latest Iron Ore News

1
Risk Has Shifted To More Upside For MinRes

Oct 16 2025 - Technicals
2
Mineral Resources Shares Targeting $45

Sep 10 2025 - Technicals
3
Can Champion Iron Deliver On Growth Projects?

Aug 06 2025 - Commodities
4
Execution Remains Key For Mineral Resources

Aug 01 2025 - Commodities
5
Iron Ore Worries Overshadow Fortescue’s FY26

Jul 28 2025 - Australia
6
Bargain Hunters Interest For Champion Iron?

May 08 2025 - Technicals
7
Positive Reversal For Fortescue

May 06 2025 - Technicals
8
Fortescue: Quo Vadis The Dividend?

Feb 24 2025 - Commodities
9
Fortescue Looks Poised

Nov 05 2024 - Technicals
10
Quality Ore Elevates A Champion

Oct 10 2024 - ESG Focus