Champion Iron Limited

ASX:CIA Stock Report

Market Cap: AU$1.9b

Champion Iron Past Earnings Performance

Past criteria checks 3/6

Champion Iron's earnings have been declining at an average annual rate of -32.3%, while the Metals and Mining industry saw earnings growing at 15.2% annually. Revenues have been growing at an average rate of 4.5% per year. Champion Iron's return on equity is 6.4%, and it has net margins of 6%.

Key information

-32.25%

Earnings growth rate

-33.62%

EPS growth rate

Metals and Mining Industry Growth22.33%
Revenue growth rate4.45%
Return on equity6.42%
Net Margin5.96%
Next Earnings Update28 Oct 2026

Recent past performance updates

Recent updates

Narrative Update Jul 24

CIA: Future Upside Will Rely On Successful High Grade Product Ramp-Up

Analysts have trimmed their price targets for Champion Iron, with the updated fair value estimate moving from A$4.87 to A$4.38 as they factor in more conservative revenue growth expectations, firmer profit margin assumptions, and a lower future P/E multiple. Analyst Commentary on Champion Iron Recent Street research on Champion Iron points to a more cautious stance, with several bearish analysts cutting price targets and rethinking near term expectations following the latest fiscal results and updated production and cost assumptions.
Narrative Update Jul 10

CIA: Higher Outlook Will Hinge On European Expansion And DR Quality Ramp-Up

Champion Iron's analyst price target has been revised lower by A$0.56 as analysts factor in more conservative assumptions on product ramp up, pricing realization and profitability following recent research updates. Analyst Commentary Recent research on Champion Iron points to a more cautious stance, with several bearish analysts trimming price targets and reassessing expectations around growth, pricing and execution following the latest fiscal Q4 results and updated project assumptions.
Narrative Update Jun 26

CIA: Production Delivery And Dividend Payout Will Support Future Upside Potential

Champion Iron's updated analyst price target edges higher to A$7.12 from A$6.61, even as several firms recently trimmed their A$4.50 to A$6 range targets on the stock. Analysts cited slower expected ramp up and softer near term demand for its higher grade DRPF product.
Narrative Update Jun 01

CIA: Higher Discount Rate Yet Production Execution And Dividend Policy Will Support Upside

Analysts have reduced their price target on Champion Iron to A$6.00 from A$6.25, citing updated views on discount rates, revenue growth, profit margins and a lower assumed future P/E multiple. Analyst Commentary Recent research points to a more cautious stance on Champion Iron, with price targets adjusted to C$6.00 from C$6.25 and, in a separate report, reduced by C$2.75.
Narrative Update May 06

CIA: Higher Discount Rate Yet Iron Ore Asset Quality Will Support Upside

Analysts have trimmed their A$ price targets for Champion Iron, citing updated assumptions for fair value, discount rate, revenue growth and profit margins, alongside recent target cuts from Scotiabank and Canaccord. Analyst Commentary Recent research points to a more cautious stance on headline price targets for Champion Iron, with some analysts fine tuning their fair value estimates by C$0.25 and C$2.75.
Analysis Article Apr 21

Bullish: Analysts Just Made A Huge Upgrade To Their Champion Iron Limited (ASX:CIA) Forecasts

Champion Iron Limited ( ASX:CIA ) shareholders will have a reason to smile today, with the analysts making substantial...
Narrative Update Apr 21

CIA: Future Upside Will Rely On P/E Support And La Caisse Placement

Analysts have lowered their price target on Champion Iron to A$6.07 from A$6.30 to reflect updated views on its fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Champion Iron Limited closed a private placement on February 4, 2026, with La Caisse set to hold about 8.5% of the ordinary shares on a non diluted basis after the transaction and conversion of subscription receipts (Key Developments).
Narrative Update Apr 06

CIA: Future Upside Will Rely On P/E Support And Rail Shipment Normalization

Analysts have modestly lifted their A$ price target for Champion Iron, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E, and signalling a slightly higher valuation anchor for the stock. What's in the News Champion Iron closed a private placement on February 4, 2026, after which institutional investor La Caisse is set to hold about 8.5% of the ordinary shares on a non diluted basis, highlighting a larger pooled stake from this shareholder group (Key Developments).
Narrative Update Mar 23

CIA: Higher C$7 Outlook Will Depend On Execution And Railway Reliability

Analysts have raised their price target on Champion Iron by A$1 to A$7, citing updated assumptions around discount rates, long term revenue growth, profit margins and the stock's forward P/E. Analyst Commentary The updated A$7 price target on Champion Iron reflects refreshed views on discount rates, long term revenue assumptions, profitability and the stock's forward P/E, but it does not remove all of the concerns that more cautious voices in the market continue to flag.
Narrative Update Mar 08

CIA: Higher C$7 Outlook Will Rely On Execution Of Expansion Plans

Analysts now see a slightly lower fair value for Champion Iron, trimming their price target while still reflecting supportive research. This includes a recent A$1 increase in one broker's target to A$7, based on updated views of discount rates, revenue growth and P/E assumptions.
Narrative Update Feb 22

CIA: Higher C$7 Outlook Will Balance Execution Risks And Earnings Resilience

Analysts have lifted their A$ price target on Champion Iron by A$1 to A$7, citing updated assumptions around discount rates, slightly softer revenue growth and margins, and a higher future P/E multiple. Analyst Commentary While the latest research includes a higher stated price target for Champion Iron in Canadian dollars, some commentary around the name still leans cautious, particularly regarding execution and valuation risks.
Narrative Update Feb 07

CIA: Higher C$7 Outlook Will Test Profitability Assumptions And Execution Risk

Narrative Update on Champion Iron The analyst price target on Champion Iron was lifted from C$6 to C$7, with analysts pointing to updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as key drivers of the change. Analyst Commentary Even with the updated C$7 price target, some research commentary still flags risks that readers should keep in mind when assessing Champion Iron.
Narrative Update Jan 24

CIA: Future Upside Will Depend On P/E Support And Operational Execution

Analysts have lifted their price target on Champion Iron to C$7 from C$6, reflecting updated assumptions on fair value, discount rate, growth and margins that feed into a higher expected future P/E multiple. Analyst Commentary Analysts lifting the price target to C$7 signals a shift in how they view Champion Iron's earnings power and risk profile, even though the formal rating remains unchanged.
Narrative Update Jan 10

CIA: Rising P/E Assumptions Will Heighten Execution Risk At C$7

Analysts have lifted their price target on Champion Iron to C$7 from C$6, reflecting updated views on fair value, discount rates, revenue growth, profit margins, and future P/E assumptions. Analyst Commentary The move to a C$7 price target signals that some research desks still see upside in Champion Iron at current levels, but that does not mean the analyst community is uniformly positive.
Analysis Article Dec 29

Market Participants Recognise Champion Iron Limited's (ASX:CIA) Earnings

When close to half the companies in Australia have price-to-earnings ratios (or "P/E's") below 21x, you may consider...
Narrative Update Dec 19

CIA: Iron Ore Prices And Project Execution Will Shape Future Upside

Analysts have modestly reduced their price target on Champion Iron, trimming it by C$0.25 to C$6.50 as they update forecasts to reflect revised commodity price expectations across the metals complex. Analyst Commentary Bullish analysts acknowledge that the trimmed target still implies meaningful upside from current levels, reflecting confidence in Champion Iron's underlying asset quality and long term cash generation potential despite a softer commodity tape.
Narrative Update Dec 05

CIA: Future Iron Ore Prices Will Shape Upside And Project Economics

Analysts have trimmed their price target on Champion Iron by C$0.25 to C$6.50, reflecting updated commodity price forecasts across the metals complex. Analyst Commentary Analysts view the modest reduction in the price target as primarily a reflection of updated commodity assumptions rather than a deterioration in Champion Iron's fundamentals, and they continue to see upside potential relative to the current share price.
Narrative Update Oct 03

Bloom Lake Commissioning Will Unlock Premium Iron Ore Pricing

Analysts have slightly reduced their price target for Champion Iron, lowering it from C$5.50 to a range of C$5.00 to C$5.25, citing minor adjustments in projected revenue growth and profit margins. Analyst Commentary Following recent target price revisions, analysts have weighed in on both the positive aspects and potential risks facing Champion Iron’s outlook.
Analysis Article Sep 18

Getting In Cheap On Champion Iron Limited (ASX:CIA) Might Be Difficult

Champion Iron Limited's ( ASX:CIA ) price-to-earnings (or "P/E") ratio of 26.8x might make it look like a sell right...
Analysis Article Jun 24

Is Champion Iron (ASX:CIA) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article May 28

Champion Iron (ASX:CIA) Is Reinvesting At Lower Rates Of Return

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...
Analysis Article Apr 29

Is Champion Iron Limited (ASX:CIA) Trading At A 49% Discount?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Champion Iron fair value estimate is AU$9.01 Champion Iron is...
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New Narrative Feb 17

Completion Of Flotation Plant By 2025 Will Enable Production Of Higher-Grade Material

Strategic partnerships and logistics improvements position Champion Iron for increased revenue, higher net margins, and new growth opportunities.
Analysis Article Dec 17

Calculating The Fair Value Of Champion Iron Limited (ASX:CIA)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Champion Iron fair value estimate is AU$6.02 Champion Iron's...
Analysis Article Dec 01

Some Investors May Be Worried About Champion Iron's (ASX:CIA) Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
Analysis Article Nov 01

Champion Iron Limited (ASX:CIA) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

Investors in Champion Iron Limited ( ASX:CIA ) had a good week, as its shares rose 4.8% to close at AU$6.14 following...
Analysis Article May 23

Champion Iron (ASX:CIA) Seems To Use Debt Quite Sensibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article May 09

A Look At The Intrinsic Value Of Champion Iron Limited (ASX:CIA)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Champion Iron fair value estimate is AU$6.47 With AU$7.14...
Analysis Article Apr 24

Earnings Working Against Champion Iron Limited's (ASX:CIA) Share Price

Champion Iron Limited's ( ASX:CIA ) price-to-earnings (or "P/E") ratio of 10.5x might make it look like a buy right now...
Analysis Article Mar 14

Champion Iron (ASX:CIA) Will Be Hoping To Turn Its Returns On Capital Around

There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Analysis Article Feb 14

We Think Champion Iron (ASX:CIA) Can Stay On Top Of Its Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jan 18

Champion Iron Limited (ASX:CIA) Shares Could Be 23% Below Their Intrinsic Value Estimate

Key Insights The projected fair value for Champion Iron is AU$10.41 based on 2 Stage Free Cash Flow to Equity Champion...
Analysis Article Jan 04

Pinning Down Champion Iron Limited's (ASX:CIA) P/E Is Difficult Right Now

With a median price-to-earnings (or "P/E") ratio of close to 19x in Australia, you could be forgiven for feeling...

Revenue & Expenses Breakdown

How Champion Iron makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

ASX:CIA Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 261,7371036510
31 Mar 261,7701696710
31 Dec 251,7811856010
30 Sep 251,671121499
30 Jun 251,53084529
31 Mar 251,607142549
31 Dec 241,514129577
30 Sep 241,6582536310
30 Jun 241,6942996110
31 Mar 241,5242345811
31 Dec 231,6562975913
30 Sep 231,5002225810
30 Jun 231,4131765213
31 Mar 231,3952015012
31 Dec 221,2632285611
30 Sep 221,164245579
30 Jun 221,195340637
31 Mar 221,461523626
31 Dec 211,526563524
30 Sep 211,603616394
30 Jun 211,583613313
31 Mar 211,282464281
31 Dec 201,061327261
30 Sep 20902236261
30 Jun 20752126240
31 Mar 2078589240
31 Dec 1979280210
30 Sep 1976871200
30 Jun 19782111180
31 Mar 1965583160
31 Dec 1847354170
30 Sep 18325-5160
30 Jun 18151-56150
31 Mar 180-74140
31 Dec 170-6380
30 Sep 170-3150
30 Jun 170-2640
31 Mar 170-2440
31 Dec 160-2030
30 Sep 160-1630
30 Jun 160-1230
31 Mar 160-820
31 Dec 150-840
30 Sep 150-940

Quality Earnings: CIA has high quality earnings.

Growing Profit Margin: CIA's current net profit margins (6%) are higher than last year (5.5%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: CIA's earnings have declined by 32.3% per year over the past 5 years.

Accelerating Growth: CIA's earnings growth over the past year (22.4%) exceeds its 5-year average (-32.3% per year).

Earnings vs Industry: CIA earnings growth over the past year (22.4%) did not outperform the Metals and Mining industry 59.9%.


Return on Equity

High ROE: CIA's Return on Equity (6.4%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/01 19:57
End of Day Share Price 2026/07/31 00:00
Earnings2026/06/30
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Champion Iron Limited is covered by 29 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stuart HoweBell Potter
David CoatesBell Potter
Alexander Robert PearceBMO Capital Markets Equity Research