Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

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Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

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<li>
<a href="https://www.smartkarma.com/entities/champion-iron-ltd" target="_blank" data-smartkarma-citation="entities:19734:1" rel="noopener">Champion Iron (CIA AU)</a>'s acquisition of Rana Gruber at 5.3x EV-EBITDA (vs. the company trading at 5.9x EV-EBITDA) is expected to be accretive and open up sales opportunities in Europe.</li>
<li>Champion Iron's Direct Reduction Pellet Feed (DRPF) project at Bloom Lake has commenced initial commissioning on Jan 28th 2026. We expect it to boost earnings in FY27.</li>
<li>The stock trades at 13.3x FY26e and 5.9x EV-EBITDA, but we will monitor the uplift in earnings post these two catalysts for this iron ore stock. </li>
</ul>



Champion Iron (CIA AU)'s acquisition of Rana Gruber at 5.3x EV-EBITDA (vs. the company trading at 5.9x EV-EBITDA) is expected to be accretive and open up sales opportunities in Europe.
Champion Iron's Direct Reduction Pellet Feed (DRPF) project at Bloom Lake has commenced initial commissioning on Jan 28th 2026. We expect it to boost earnings in FY27.
The stock trades at 13.3x FY26e and 5.9x EV-EBITDA, but we will monitor the uplift in earnings post these two catalysts for this iron ore stock. 


Champion Iron (CIA CN): Rana Gruber Acquisition and DRPF To Drive Earnings Uplift