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: 2.33
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

$2.32

22 Oct
2026

0.000

OPEN

$2.28

0.000

HIGH

$2.32

3,460,313

LOW

$2.24

TARGET
$3.633 56.6% upside
OTHER COMPANIES IN THE SAME SECTOR
ARI . DRR . FEX . FMG . GEN . GRR . MGX . MIN .
FNARENA'S MARKET CONSENSUS FORECASTS
CIA: 1
Title FY27
Forecast		 FY28
Forecast
EPS (cps) 9.7 xxx
DPS (cps) 3.6 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 22.7 xxx
Dividend Yield 1.6% xxx
Div Pay Ratio(%) 37.2% 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: 1.96%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.52

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: 11/06 - (franking ex-div 2.02c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx34.8
DPS All xxxxxxxxxxxxxxx13.0
Sales/Revenue xxxxxxxxxxxxxxx1,938.1 M
Book Value Per Share xxxxxxxxxxxxxxx301.0
Net Operating Cash Flow xxxxxxxxxxxxxxx477.4 M
Net Profit Margin xxxxxxxxxxxxxxx9.53 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx11.53 %
Return on Invested Capital xxxxxxxxxxxxxxx7.25 %
Return on Assets xxxxxxxxxxxxxxx5.12 %
Return on Equity xxxxxxxxxxxxxxx11.53 %
Return on Total Capital xxxxxxxxxxxxxxx10.91 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-72.4 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx68 M
Long Term Debt xxxxxxxxxxxxxxx1,063 M
Total Debt xxxxxxxxxxxxxxx1,130 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx311 M
Price To Book Value xxxxxxxxxxxxxxx1.75

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx453.2 M
Capex % of Sales xxxxxxxxxxxxxxx23.39 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,494 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx159 M
Research & Development xxxxxxxxxxxxxxx11 M
Investments - Total xxxxxxxxxxxxxxx110 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

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

16/10/2026

3

Hold

$2.50

7.76%

Champion Iron delivered partial unaudited second quarter results which included production of iron ore concentrate of 3.9mt and revenue of CAD403.9m.

Production was largely in line with expectations and Bell Potter also marks to market iron ore prices for the September quarter, downgrading the outlook for prices by around -5%.

The company expects to ramp up high-grade concentrate production and free cash flow should improve from FY27. Hold rating maintained. Target is reduced to $2.50 from $3.40.

FORECAST
Bell Potter forecasts a full year FY27 dividend of 5.10 cents and EPS of minus -0.10 cents.
Bell Potter forecasts a full year FY28 dividend of 16.60 cents and EPS of 26.50 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

04/08/2026

2

Upgrade to Overweight from Neutral

$4.60

98.28%

Jarden upgrades to an Overweight rating for Champion Iron with its target price lowered to $4.60 from $5.00 following June quarter operations affected by Direct Reduction Pellet Feed transition timing.

EBITDA reached CAD32.8m against a net loss of -CAD41.5m, while Bloom Lake production of 3.5Mwmt exceeded broker expectations despite sales of 3.1Mdmt falling -11% short due to rail shutdowns, shipment sequencing, and deliberate contract withdrawals.

Unit operating costs of CAD83.4/dmt aligned with forecasts, whereas sustaining capital expenditure reached -CAD65.7m.

Forecast FY27 EBITDA is reduced -45% to CAD234m, driven by a 10% revenue reduction on lower premium realisation and higher freight expenses.

Expecting subsequent FY28 and FY29 EBITDA cuts of -11% and -6% to be progressively offset by processing plant ramp-up, the analyst retains a positive long-term view.
Access Extra Coverage Research History >

CIA STOCK CHART

FNArena News on CIA

1
Champion Iron’s Premium Promise

Oct 21 2026 - Commodities
2
Rudi’s View: Bravura, Capricorn Metals, Downer EDI, PLS, Symal & More

Oct 08 2026 - Rudi's View
3
Rudi’s View: Resilient, But August Fails To Excite

Sep 02 2026 - Rudi's View
4
Rudi’s View: Upside Risk In Crowded Shorts

Aug 12 2026 - Rudi's View
5
In Case You Missed It – BC Extra Upgrades & Downgrades – 07-08-26

Aug 07 2026 - Weekly Reports

Latest Iron Ore News

1
Champion Iron’s Premium Promise

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