Champion Iron (ASX: CIA) $1.87
CIA –17.26%: Posted a weak second quarter result this morning, with lower iron ore prices and higher freight and fuel costs hitting earnings despite stronger sales volumes.
Champion Iron (CIA)
CIA $2.02
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Performance
Advanced charting functionality with the ability to amend timeframes, chart type & indicator selection, powered by TradingView.
Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 2.02
- Change
- ▲ 0.26 (14.45)
- Bid / Ask
- 2.01 - 2.03
- Volume
- 2,861,219
- Turnover
- 5,517,056
- Open
- 1.90
- Day Range
- 1.90 - 2.04
- VWAP
- 1.98
- Prev Close
- 1.77
- Last Trade
- 05/11 12:20pm
Key information
Displays key information on the security, sourced from Morningstar.
- Sector
- Basic Materials
- Shares Issued
- 560,046,922
- NTA/Share
- 2.87
- Last Dividend
- 0.02
- Dividend Ex Date
- 11 JUN 2026
- Dividend Pay Date
- 8 JUL 2026
Current (CAD) · FY2026
Displays key financial data for the most recent fiscal year, in millions. Note - Per share data is in local currency terms irrespective of reporting currency, and may be different to the stated currency, sourced from Morningstar.
- Revenue
- 1,769.73
- EBITDA
- 490.57
- Profit
- 168.74
- Earnings Per Share (EPS)
- 0.32
- Dividend Per Share (DPS)
- 0.20
- Yield %
- 6.81
- Market Cap
- 1,134.10
- Price to Earnings Ratio (P/E)
- 197.62
Estimates (CAD) · FY2027
Displays consensus analyst’s estimates for key measures for the next fiscal year, sourced from Morningstar.
- Revenue
- —
- EBITDA
- 355.00
- Profit
- —
- Earnings Per Share (EPS)
- 0.00
- Dividend Per Share (DPS)
- —
Quantitative rating
Displays Morningstar’s Quantitative Equity Research Rating for the security: a star rating from 1 (overvalued) to 5 (undervalued) from the share price against a fair value estimated by a statistical model of Morningstar’s analyst ratings, with the model’s economic moat, financial health and fair value uncertainty, sourced from Morningstar.
Undervalued
- Economic Moat
- None
- Financial Health
- Moderate
- Uncertainty
- High
Morningstar Quantitative Rating as of 30 OCT 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Displays Morningstar’s quantitative fair value estimate for the security against the current share price, with the band around it: the five-star price below which the model would rate the stock five stars and the one-star price above which it would rate it one star, sourced from Morningstar.
Five-star price 2.85 Fair value 3.72 One-star price 4.85
Morningstar Quantitative Rating as of 30 OCT 2026.
Quantitative valuation
Displays where the share price sits in Morningstar’s quantitative fair value band, from the five-star price (undervalued) to the one-star price (overvalued), with the fair value estimate, the price to fair value ratio, the model’s valuation label and its uncertainty rating, sourced from Morningstar.
Buy
Sell
- Fair Value
- 3.72
- Price / Fair Value
- 0.51
- Valuation
- Undervalued
- Uncertainty
- High
Morningstar Quantitative Rating as of 30 OCT 2026. The slider runs from the five-star price (2.85) to the one-star price (4.85).
Displays useful ratios for the security, NB the pricing date used, sourced from Morningstar.
| Ratios |
|---|
| Currency (Price/reporting): AUD/CAD |
| Exchange Rate: 1.0229 |
Price, volume and trading statistics for the security, sourced from Morningstar.
| Price - closing or last bid | 1.92 |
| Price - 12 month high | 6.69 |
| Price - 12 month low | 1.84 |
| Pricing date | 29 OCT 2026 |
| Volume - avg. trading volume for the last ten days | 3.09 |
| Market capitalization | 1,072.49 |
| 12 Month High price date | 16 JAN 2026 |
| 12 Month Low price date | 29 OCT 2026 |
| Volume - avg. trading volume for the last 3 months | 2.67 |
| Price - 1 Day % Change | 2.41% |
| Price - 13 week price percent change | -51.76% |
| Price - 26 week price percent change | -61.31% |
| Price - 5 Day % Change | -17.46% |
| Price - 52 week price percent change | -60.27% |
| Price - YTD price percent change | -68.45% |
| Price % Change Month To Date | -37.62% |
Earnings, dividends, cash flow and book value per share, sourced from Morningstar.
| EPS excluding extraordinary items - most recent fiscal year | 0.320 |
| EPS excluding extraordinary items - trailing 12 month | 0.010 |
| EPS Normalized - most recent fiscal year | 0.317 |
| Revenue/share - most recent fiscal year | 3.319 |
| Revenue/share - trailing 12 month | 3.013 |
| Book value per share - most recent fiscal year | 2.877 |
| Book value per share - most recent half-year | 2.811 |
| Book value (tangible) per share - most recent fiscal year | 2.870 |
| Book value (tangible) per share - most recent half-year | 2.802 |
| Cash per share - most recent fiscal year | 0.557 |
| Cash per share - most recent half-year | 0.383 |
| Cash Flow per share - most recent fiscal year | 0.807 |
| Cash Flow per share - trailing 12 month | 0.537 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.131 |
| EBITD per share - trailing 12 month | 0.501 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 0.320 |
| EPS Basic excluding extraordinary items - trailing 12 month | 0.010 |
| EPS including extraordinary items - most recent fiscal year | 0.320 |
| EPS including extraordinary items - trailing 12 month | 0.010 |
| Free Cash Flow per share - trailing 12 month | -0.139 |
Valuation multiples such as P/E, price to sales, price to book and enterprise value ratios, sourced from Morningstar.
| P/E excluding extraordinary items, most recent fiscal year | 183.57 |
| P/E Normalized, most recent fiscal year | 25.81 |
| Price to sales - most recent fiscal year | 0.61 |
| Price to Tangible Book - most fiscal year | 0.68 |
| Price to Free Cash Flow per Share - most recent fiscal year | — |
| Price to Cash Flow per share - trailing 12 month | 3.42 |
| Price to Book - most recent fiscal year | 0.68 |
| P/E excluding extraordinary items high, trailing 12 months | 183.57 |
| P/E excluding extraordinary items low, trailing 12 months | 9.76 |
| Net Debt, LFI | 1,237.79 |
| Net Debt, LFY | 783.74 |
| Dividend Yield - 5 Year Average | 3.40% |
| Dividend Yield - indicated annual dividend divided by closing price | 5.77% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 6.81% |
Cash flow, liquidity and leverage measures, sourced from Morningstar.
| Free Cash Flow - most recent fiscal year | 16.54 |
| LT debt/equity - most recent fiscal year | 66.22% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 70.43% |
| LT debt/equity - most recent half-year | 85.82% |
| Total debt/total equity - most recent half-year | 92.23% |
| Free Cash Flow - trailing 12 month | -75.85 |
| Payout ratio - trailing 12 month | — |
Key income statement lines for the most recent fiscal year, in millions, sourced from Morningstar.
| Revenue - most recent fiscal year | 1,769.73 |
| Revenue - trailing 12 month | 1,647.62 |
| EBITD - most recent fiscal year | 490.57 |
| EBITD - trailing 12 month | 274.19 |
| Earnings before taxes - most recent fiscal year | 284.82 |
| Earnings before taxes - trailing 12 month | 35.20 |
| Net Income available to common - most recent fiscal year | 168.74 |
| Net Income available to common - trailing 12 months | -1.73 |
| Earnings before taxes Normalized - most recent fiscal year | 282.72 |
| Net Income Available to Common, Normalized - most recent fiscal year | — |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 0.07 |
Profitability margins for the most recent fiscal year, sourced from Morningstar.
| Net Profit Margin % - 1st historical fiscal year | 9.53% |
| Net Profit Margin % - trailing 12 month | -0.10% |
| Operating margin - 1st historical fiscal year | 17.44% |
| Operating margin - trailing 12 month | 6.55% |
| Pretax margin - trailing 12 month | 2.14% |
| Pretax margin - 1st historical fiscal year | 16.09% |
| Operating Margin - 5 year average | 30.34% |
| Pretax Margin - 5 year average | 28.56% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 0.22% |
| Free Operating Cash Flow/Revenue, TTM | -4.60% |
| Net Profit Margin - 5 year average | 16.78% |
Returns on average assets and equity for the fiscal year, the trailing 12 months and as 5 year averages, and net income and revenue per employee in whole currency, sourced from Morningstar.
| Return on average assets - most recent fiscal year | 5.13% |
| Return on average assets - trailing 12 month | -0.05% |
| Return on average equity - most recent fiscal year | 11.40% |
| Return on average equity - trailing 12 month | -0.11% |
| Return on average assets - 5 year average | 10.32% |
| Return on average equity - 5 year average | 19.36% |
| Net Income/employee - most recent fiscal year | 119,840.91 |
| Revenue/employee - most recent fiscal year | 1,256,911.22 |
Growth in revenue, earnings, dividends and book value over recent periods, sourced from Morningstar.
| Revenue growth rate, 5 year | 6.66% |
| EPS growth rate, 5 year | -19.04% |
| Growth rate% - dividend, 3 year | -0.50% |
| Revenue/share (5 yr growth) | 5.56% |
| Growth rate% - Revenue, 3 year | 8.25% |
| Growth rate% - EPS, 3 year | -5.57% |
| Book value per share growth rate, 5 year | 11.33% |
| Capital Spending growth rate, 5 year | 18.52% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | -9.40% |
Displays analyst’s forecasts for key measures. The estimates can be expanded to see the spread of the calls. Full lines = reported, and dotted lines are forward estimates. Click a measure to add or remove it from the chart, sourced from Morningstar.
Financial forecast (CAD, millions except per share)
| Actuals | Estimates | |||||||
| 2026 | 2027 | 2028 | ||||||
| Estimate breakdown | ||||||||
Financial metrics can be plotted on the graph to see trends. Multiple metrics from multiple statements can be plotted against each other, sourced from Morningstar.
Financials (CAD, millions)
| Period end: | MAR 22 | MAR 23 | MAR 24 | MAR 25 | MAR 26 |
| Fiscal year: | 2022 | 2023 | 2024 | 2025 | 2026 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
Opinion
Champion Iron (ASX:CIA) $5.50
Champion Iron is a mid-cap iron ore producer focused on high-grade concentrate, with its core operations based in Canada’s Labrador Trough. To put things into perspective its iron ore revenue for FY25 was ~7% of BHPs before even considering copper, and coal.
Champion Iron Ltd (CIA) $5.07
CIA’s key asset is the Bloom Lake mining complex located in northern Quebec Canada. They acquired it in 2016 and restarted production in early 2018, currently producing around 15Mtpa of high-grade iron (+66% Fe) meaning they attract a higher price than the benchmark 62% Fe. For comparison, Fortescue (FMG) is low grade (57% Fe) and is subject to a discount. i.e. higher Iron content in the ore gets a better price, around ~$US110/Mt at their last quarterly.
Champion Iron Ltd (CIA) $6.23
CIA slipped -3.3% on Monday, extending its decline from early January highs to almost 30%, nearly identical to Fortescue’s' (FMG) performance. However, without the benefit of FMG’s yield, we will unlikely consider CIA in the foreseeable future.
Champion Iron Ltd (CIA) $6.38
CIA rallied +4.4% on Wednesday, helped by Dalian iron ore futures hitting a five-week high, buoyed by China's additional measures to spur economic growth. The stock has been trading around $6.40 for seven weeks, and although we ultimately believe it will go higher, it's not our pick for exposure to the bulk commodity.
Champion Iron Ltd (CIA) $6.00
CIA fell -4% on Thursday in line with falls by the better-known iron names i.e. FMG-3.4%, RIO -2.5% and BHP -1.5%. This NSW-based exploration company traded ex-div 10c last month but its share price has primarily tracked the iron price over the last few years, until further notice it’s probably our 4th or 5th pick for exposure to the bulk commodity.
Champion Iron Ltd (CIA) $6.90
The junior player out of the group is still a $3.6bn business today which as a stock has a very similar look and feel to its sector peers. The stock is priced more for relative growth trading on a P/E for 2023 of 13.6x while “only” being forecast to yield 3.2% over the coming 12 months.
Champion Iron Ltd (CIA) $6.45
CIA has recovered in tandem with the volatile iron ore price, we took advantage of the recovery in the bulk commodity through Fortescue Metals (FMG), after CIA’s more than 50% bounce we believe the easy money is now off the table although its should benefit if MM is correct with our view towards the $US. So far 2022 has illustrated perfectly...
Champion Iron (CIA) $4.77
Sydney based iron ore business CIA rallied 3.25% yesterday but it remains well below a number of broker valuations even assuming iron ore stabilises around $US80/MT over the next few years. We feel the risk / reward favours the next 20% being on the upside but no dividend detracts from CIA’s attraction considering the high yielding nature of its peers.
Champion Iron Ltd (CIA) $5.07 & Mineral Resources (MIN) $37.50.
As we said earlier MM is slowly becoming interested in the iron ore names into current market weakness but it feels like they have further to fall e.g. CIA has only corrected 25% of its aggressive rally over the last 12-months, most technical traders would be targeting a 38% or 50% correction before expecting the stock to recommence its bull side advance.
Action
Updated
29/10/2026
17:17
CIA
Updated 29/10/2026 17:17
MM is neutral towards CIA
Updated
08/04/2026
10:57
CIA
Updated 08/04/2026 10:57
MM is cautiously bullish toward CIA around $5.50
Updated
25/07/2025
09:55
CIA
Updated 25/07/2025 09:55
MM is bullish CIA ~$5, adding it to the Emerging Companies Hitlist
Updated
11/07/2024
09:56
CIA
Updated 11/07/2024 09:56
MM is neutral towards CIA
Updated
26/10/2023
09:03
CIA
Updated 26/10/2023 09:03
MM is neutral to bullish CIA
Updated
28/07/2023
09:53
CIA
Updated 28/07/2023 09:53
MM is neutral toward CIA ~$6
Updated
06/12/2022
09:23
CIA
Updated 06/12/2022 09:23
MM is mildly bullish towards CIA short-term
Updated
01/02/2022
16:46
CIA
Updated 01/02/2022 16:46
MM is neutral to slightly bullish FMG
Updated
26/10/2021
17:13
CIA
Updated 26/10/2021 17:13
MM likes the risk / reward on CIA below $5
Business Summary
Champion Iron Ltd is engaged in the exploration and development of iron ore properties in Quebec, Canada. The company projects include Fire Lake North, Powderhorn/Gullbridge, Moire, Quinto Claims, Harvey Tuttle, O'keefe-Purdy, and others. Its segment includes Iron Ore Concentrate, Exploration and Evaluation, and Corporate. The company generates the maximum of its revenue from the Iron Ore Concentrate segment.
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