Rubis

€35.40As of Sun 8 Nov 2026, 12:00 UTC

EPA:RUIEnergy

Country France

PE (Fwd) •••

TSR 10Y CAGR 3.96%

Div yield 5.85%

ROE 12.00%

Oil & Gas Refining & Marketing

Beta (5Y) 0.84

PE TTM 10.89

TSR TTM 19.39%

Mkt cap €3.659B

ROIC 6.57%

SE Grade™

Value

Quality

Moat

Consensus

Reference

€42

19.59%

(46.77%)

Hold 6|5|7|4|6

TTM

FYE 31 Dec EUR

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

0.963

Revenue€B

0.655

0.705

0.759

0.789

0.821

0.854

0.917

0.989

1.021

1.061

1.019

5.27%

5.46%

27.24

Revenue growth%

13.22

15.27

12.82

11.61

9.02

6.43

8.87

8.17

9.05

7.68

24.80

8.17

9.03

9.85

Gross margin%

17.42

19.76

18.96

19.57

20.17

21.95

23.41

24.01

26.12

26.54

8.68

24.01

21.06

19.19

Operating margin%

14.31

13.03

11.04

10.00

12.73

11.78

13.35

14.71

16.95

19.05

5.64

14.71

13.19

16.80

Net margin%

11.18

12.00

11.83

13.23

10.42

8.52

8.55

7.89

6.22

3.63

29.81

7.89

9.48

31.67

P/E ratio (avg)x

29.11

26.55

26.49

28.07

32.09

29.46

29.83

32.40

32.45

33.26

14.99

32.40

29.64

7.277

EV/EBITx

20.43

18.42

19.64

21.80

23.21

23.16

23.31

26.09

23.57

23.85

29.35

23.57

23.19

11.53

FCF yield (avg)%

19.49

21.21

20.42

19.23

21.74

19.17

20.09

17.22

17.56

16.93

17.57

17.56

19.36

7.89

FCF margin%

20.33

18.28

17.87

17.92

20.71

20.50

19.85

20.22

17.99

18.05

8.12

19.85

19.06

0.759

FCF / Net incomex

1.845

1.807

1.863

2.052

1.970

1.918

1.914

2.020

1.835

1.920

1.724

1.918

1.916

28.18

ROIC%

10.75

9.40

8.99

10.94

13.74

12.28

11.07

9.14

11.85

11.46

7.55

11.46

11.00

9.70

Return on equity%

24.27

21.64

21.79

22.40

20.76

19.16

20.26

19.33

18.20

18.81

29.59

19.16

20.51

9.37

Return on assets%

18.97

20.66

23.43

22.92

25.69

27.15

30.02

27.59

30.30

29.99

22.56

29.99

26.42

3.30

EPS€

2.83

2.90

2.76

2.49

2.26

2.29

2.43

2.61

2.52

2.73

3.40

3.81%

(0.02%)

—

27.22

EPS growth%

10.74

12.72

12.82

13.10

11.17

13.25

14.09

12.36

10.07

8.53

12.23

12.36

12.54

3.14

Bookvalue per sh€

3.06

3.48

3.16

3.02

3.09

2.96

2.82

3.09

3.32

3.67

2.14

3.50%

2.62%

—

4.09

FCF per share€

3.55

3.85

3.67

3.39

3.75

3.72

3.40

3.44

3.56

3.70

1.21

(0.26%)

1.29%

—

3.79

Dividend per sh€

5.05

4.98

5.65

6.59

6.31

7.08

7.14

8.33

9.74

11.40

0.79

12.55%

10.21%

—

15.02

Div yield (avg)%

26.22

28.02

29.45

30.65

29.98

30.08

31.02

28.32

31.19

28.41

19.90

30.08

29.72

15.22

Payout ratio%

22.18

21.80

19.70

17.17

16.24

18.66

16.21

14.33

12.59

13.61

17.42

14.33

16.71

102.9

Shares (diluted)M

154.1

166.3

185.8

196.2

215.0

249.4

285.5

309.2

322.1

337.4

100.6

9.43%

9.91%

27.08

Buyback yield%

11.54

14.12

12.92

12.46

11.23

9.53

8.94

7.45

5.14

2.92

7.32

7.45

10.38

1.005

D/E ratiox

0.926

1.047

1.019

1.124

1.110

1.202

1.407

1.393

1.668

2.012

0.861

1.407

1.163

255.2

Enterprise value€M

452.7

477.6

487.8

479.5

505.9

562.1

658.2

698.6

698.8

780.7

458.9

9.07%

6.93%

1,365

LT debt€M

309.5

328.2

326.2

291.4

296.7

267.0

286.2

255.8

231.7

207.4

423.8

(6.91%)

(4.75%)

Peers (US$4.108B)

Cap (US$)

Gaztransport & Technig…

7.548B

15.19x

Compagnie de l'Odet

4.732B

38.97x

North Atlantic Energies

1.091B

—

CVR Energy, Inc.

4.234B

14.46x

Capital

TTM

10Y

Leveragex

1.094

(1.071)

(1.010)

EBIT/Intx

0.233

0.317

0.333

Own earn%

7.17

166.60

164.00

Sh yield%

42.10

36.33

39.78

Owners

Insiders/Inst%

1.68

30.72

Short interest%

4.76

SBC / revenue%

3.76

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

10–19

$1 testx

—

Incr. ROIC%

Rubis, together with its subsidiaries, engages in the energy distribution business in Europe, Africa, and the Caribbean. The company operates through Energy Distribution and Renewable Electricity Production segments. It retails and distributes aviation and marine fuel, heating oils, lubricants, liquefied gases, and bitumen; and provides trading, supply, refining, logistics, and shipping activities.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

€1.061B

5.46%

1.00×

Cost of revenue

€608.3M

5.62%

1.02×

Operating expenses

€107.5M

4.88%

0.95×