Rubis SCA RBSFY

UtilitiesOil & GasFrance

Last close 7.94 USD on Nov 3, 2026, +11.9% year to date

Quant rating

Quant rating B Rank 26 of 89 in Utilities

Growth C 58 of 89
Valuation A 11 of 89
Quality C 60 of 89
Revisions B 25 of 89
Momentum B 20 of 89

Wall Street consensus Buy (1.83)Average target 45.65 USD +475.0%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 4.1B
Enterprise value: 6.2B
52-week range: 6.54 – 8.76
3-year range: 4.27 – 8.76
Dividend yield: 5.83%
Beta (5 years): 0.48
Shares outstanding: 103M
Next earnings: Nov 2, 2026

About the company

Rubis SCA is a France-based company. The Company is operating in the energy sector to provide supportable access to energy. It has diversified into the production of renewable electricity to adapt to changes in demand and climate issues. The Company is structured around operational divisions, such as Energy distribution (Rubis Energie) specialized in the products marketed: liquefied gases, fuels and biofuels in service stations, hotels, aviation, marine, public works, and others. Renewable electricity production (Rubis Renouvelables) focuses on bringing together the activities of Photosol which is into development, financing, operation and maintenance of the ground-based photovoltaic installations as well as shade structures.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	7,675	6,878	7,317	7,636	5,217	–
Revenue growth	11.6%	−6.0%	−4.2%	46.4%	9.5%	10.0%
EPS (basic, normalized)	3.43	3.58	3.63	3.35	3.14	–
EPS growth	−4.2%	−1.5%	8.4%	6.7%	–	–
Gross margin	26.7%	25.7%	25.3%	20.5%	27.6%	25.2%
Net margin	4.7%	5.2%	5.3%	3.7%	6.4%	5.1%
ROE	11.0%	12.5%	13.2%	9.8%	11.4%	11.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	7,675	+11.6%	0.8x	853	+16.7%	7.3x	3.43	−4.2%	2.3x
2026	8,692	+13.3%	0.7x	890	+4.4%	7.0x	3.72	+8.4%	2.1x
2027	8,778	+1.0%	0.7x	933	+4.9%	6.7x	3.93	+5.6%	2.0x
2028	9,075	+3.4%	0.7x	969	+3.8%	6.4x	4.21	+7.3%	1.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	8,692	+1.3%	+8.6%	+8.6%	3.72	+0.5%	+4.3%	+5.3%
2027	8,778	+1.2%	+7.7%	+7.7%	3.93	−1.4%	+3.5%	+3.5%
2028	9,075	+1.5%	+8.0%	+8.0%	4.21	+1.8%	+6.6%	+6.6%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Oil & Gas

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
RBSFY Rubis SCA	4.1B	–	4.7%	1.29x	2.1x	2.0x	7.0x	6.7x
GEI Gibson Energy Inc.	4.2B	5.07x	1.8%	5.74x	28.1x	22.0x	13.2x	11.8x
CLMT Calumet, Inc.	4.2B	13.63x	−0.8%	−3.66x	−23.3x	16.6x	10.1x	9.5x
CRK Comstock Resources, Inc.	4.1B	3.37x	20.5%	1.58x	42.4x	30.8x	7.1x	6.5x
ATH Athabasca Oil Corporation	4.0B	0.06x	18.7%	2.93x	20.9x	12.8x	10.4x	7.6x
TOIPY Thai Oil Public Company Limited	4.0B	3.05x	3.7%	0.61x	34.9x	74.8x	3.5x	6.0x
Mean		5.04x	8.1%	1.42x	17.5x	26.5x	8.6x	8.0x
Median		3.37x	4.2%	1.43x	24.5x	19.3x	8.6x	7.1x

Technical analysis

1M+2.1%
3M+4.5%
1Y+12.4%
3Y+114.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Rubis SCA, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	7,675	6,878	7,317	7,636	5,217	4,766
Cost of revenue	5,622	5,113	5,463	6,073	3,775	3,301
Gross profit	2,052	1,765	1,854	1,563	1,442	1,465
Selling, general & administrative expenses	1,169	1,014	978	829	838	847
Research & development	–	–	–	–	–	–
Depreciation/amortization	283	220	207	179	164	171
Interest expense (income), operating	−2.0	−7.0	−16.5	−6.1	−6.7	−5.2
Unusual expense (income)	−1.8	−89.4	−8.1	62.2	−5.5	95.2
Other operating expenses	28.6	9.5	−17.3	9.1	−5.3	−0.6
Operating income	575	618	710	489	458	357
Net interest income (expense)	−89.6	−148	−209	−127	−39.3	−41.6
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−12.5	−22.0	−32.1	−2.4	2.3	−3.8
Net income before taxes	473	448	469	359	421	311
Provision for taxes	108	84.3	63.9	68.3	74.1	72.6
Minority interest	−2.8	−9.1	−14.7	−9.6	−13.8	−20.2
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	363	354	390	281	333	219
Extraordinary items	–	–	–	–	–	124
Net income	363	354	390	281	333	342
EBIT, normalized	571	522	686	545	445	447
EBITDA, normalized	839	742	894	725	610	618
Basic EPS, normalized	3.43	3.58	3.63	3.35	3.14	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Rubis SCA, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	889	703	651	861	999	1,322
Receivables	974	954	922	865	734	614
Total inventory	754	741	719	659	618	407
Prepaid expenses	34.9	27.2	24.6	21.3	21.0	21.4
Other current assets	0	0	0	0	0	0
Total current assets	2,651	2,426	2,317	2,407	2,372	2,365
Property, plant & equipment	2,672	2,220	2,182	2,016	1,631	1,620
Goodwill	2,011	1,826	1,831	1,840	1,400	1,490
Intangibles	150	118	100	85.4	35.9	37.9
Long-term investments	181	159	499	507	468	421
Note receivable	−37.6	3.9	29.7	38.8	48.8	54.0
Other long-term assets	153	221	44.4	30.5	26.5	30.7
Total assets	7,781	6,972	7,004	6,924	5,982	6,019
Liabilities
Accounts payable	626	564	573	489	461	348
Payable/accrued	–	–	–	–	–	–
Accrued expenses	80.7	71.8	69.3	56.3	52.8	50.0
Short-term debt	160	321	351	501	314	117
Current portion of long-term debt	340	499	547	371	287	365
Other current liabilities	338	324	286	337	205	203
Total current liabilities	1,545	1,780	1,826	1,755	1,320	1,083
Long-term debt	2,080	1,477	1,508	1,602	1,073	1,264
Minority interest	135	132	145	136	136	146
Other liabilities	728	649	621	507	479	471
Total liabilities	4,487	4,038	4,100	3,999	3,008	2,965
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	152	134	142	138	146	158
Additional paid-in capital	1,800	1,592	1,715	1,659	1,759	1,947
Retained earnings (accumulated deficit)	1,851	1,427	1,456	1,335	1,281	1,236
Treasury stock	−1.2	−2.2	−1.5	−2.1	−2.2	−2.5
Other equity	−507	−217	−408	−204	−208	−284
Total equity	3,294	2,934	2,904	2,925	2,975	3,055
Total liabilities & shareholders' equity	7,781	6,972	7,004	6,924	5,982	6,019

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Rubis SCA, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	365	363	405	291	346	239
Depreciation, depletion & amortization	343	259	245	108	186	231
Deferred taxes	–	–	–	–	–	–
Non-cash items	212	99.4	150	176	94.6	240
Changes in working capital	−57.5	−33.3	−179	−124	−292	53.8
Cash from operations	863	689	621	451	335	764
Investing activities
Capital expenditures	−442	−257	−313	−277	−234	−300
Other investing cash flows	162	141	−32.8	−260	−60.6	304
Cash from investing	−279	−115	−345	−536	−294	4.7
Financing activities
Financing cash flow items	−124	−141	−112	−104	−38.8	−49.4
Cash dividends paid	−259	−292	−218	−204	−95.0	−242
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−79.5	−60.2	−106	335	−152	−164
Cash from financing	−463	−494	−435	26.7	−286	−455
Foreign exchange effects	−26.3	10.1	−77.4	−15.8	10.0	−42.9
Net change in cash	94.4	89.7	−238	−74.9	−235	270
Free cash flow	421	432	308	174	101	464

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 3, 2026 after market close.