Rubicon Water Limited (AU:RWL)
ASX:RWL
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Rubicon Water Limited
(Sydney:RWL)
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Rating:43Neutral
Price Target:
AU$0.12
▼(-13.57% Downside)
Action:ReiteratedDate:03/25/26
The score is pressured primarily by ongoing profitability issues (negative margins and ROE) despite solid revenue growth and some cash flow improvement. Technicals add further downside risk with a clear downtrend and bearish MACD, while valuation is constrained by losses and the lack of a dividend yield.
Positive Factors
Revenue Growth
Sustained ~21% revenue growth demonstrates durable market demand for Rubicon's irrigation hardware, control systems, and project services. Over 2-6 months this supports scale benefits, a growing installed base for recurring support revenues, and stronger positioning in tendering for large network upgrades.
Negative Factors
Negative Profitability Margins
Persistent negative EBIT and net margins mean Rubicon is not yet converting revenue growth into sustainable profits. Over several months this constrains retained earnings, limits reinvestment capacity, and raises the risk that continued losses will erode capital or require structural cost or pricing changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained ~21% revenue growth demonstrates durable market demand for Rubicon's irrigation hardware, control systems, and project services. Over 2-6 months this supports scale benefits, a growing installed base for recurring support revenues, and stronger positioning in tendering for large network upgrades.
Read all positive factors
Rubicon Water Limited (RWL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$36.12M
Dividend YieldN/A
Average Volume (3M)103.37K
Price to Earnings (P/E)―
Beta (1Y)0.52
Revenue Growth18.27%
EPS Growth53.69%
CountryAU
Employees300
SectorUtilities
Sector Strength65
IndustryRegulated Water
Share Statistics
EPS (TTM)-0.03
Shares Outstanding240,795,100
10 Day Avg. Volume161,238
30 Day Avg. Volume103,367
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.61
Price to Sales (P/S)0.57
P/FCF Ratio8.42
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.33Price Target Upside135.71% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$82.30M
Rubicon Water Limited Business Overview & Revenue Model
Company Description
Rubicon Water Limited designs, manufactures, installs, and maintains irrigation automation software and hardware in Australia, New Zealand, Asia, and internationally. The company offers network control solutions, such as total channel control, low...
How the Company Makes Money
RWL makes money primarily by selling water-management and irrigation technology products and associated project delivery to customers that operate or manage irrigation distribution networks (e.g., irrigation districts/operators and large-scale agr...
Rubicon Water Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
50
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 66.07M | 69.07M | 58.40M | 55.22M | 65.29M | 81.53M |
| Gross Profit | 12.80M | 28.48M | 23.46M | -2.00M | 27.06M | 14.38M |
| EBITDA | -11.25M | -6.82M | -6.45M | -7.99M | 2.28M | 10.55M |
| Net Income | -11.71M | -6.79M | -10.71M | -10.93M | -438.00K | 8.32M |
Balance Sheet | ||||||
| Total Assets | 101.17M | 103.94M | 106.40M | 111.58M | 125.81M | 106.95M |
| Cash, Cash Equivalents and Short-Term Investments | 2.76M | 5.51M | 1.69M | 8.49M | 11.23M | 9.03M |
| Total Debt | 26.14M | 23.13M | 37.13M | 30.69M | 29.50M | 32.69M |
| Total Liabilities | 44.07M | 39.98M | 51.54M | 45.78M | 49.66M | 57.80M |
| Stockholders Equity | 57.66M | 64.42M | 55.13M | 65.75M | 75.86M | 48.53M |
Cash Flow | ||||||
| Free Cash Flow | -540.00K | 4.70M | -9.13M | -3.92M | -20.48M | -12.06M |
| Operating Cash Flow | 333.00K | 5.45M | -6.95M | -1.36M | -16.81M | -10.45M |
| Investing Cash Flow | -2.92M | -2.44M | -2.10M | -2.60M | -3.38M | -2.87M |
| Financing Cash Flow | -1.66M | 1.04M | 1.28M | 1.09M | 26.18M | -4.20M |
Rubicon Water Limited Technical Analysis
Negative
0.14
Price Trends
0.17
Negative
0.18
Negative
0.18
Negative
Market Momentum
>-0.01
Positive
42.30
Neutral
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RWL, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.17, and below the 200-day MA of 0.18, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.30 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:RWL.
Rubicon Water Limited Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
58 Neutral | AU$196.97M | 6.61 | 5.98% | 2.95% | 4.52% | -31.16% | |
58 Neutral | AU$16.62M | 3.47 | -45.61% | ― | 2.69% | -273.87% | |
54 Neutral | AU$78.00M | -82.07 | 10.86% | ― | 13.51% | 5.08% | |
44 Neutral | AU$23.65M | -3.24 | -13.64% | ― | -8.52% | 13.51% | |
43 Neutral | AU$36.12M | -1.39 | -19.18% | ― | 18.27% | 53.69% | |
43 Neutral | AU$20.93M | -4.53 | -129.44% | ― | -29.97% | -284.16% |
* Utilities Sector Average
AU:RWL
Rubicon Water Limited
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-45.45%
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Rubicon Water Limited Corporate Events
Rubicon Water Limits Access to H1 FY26 Results Presentation
Feb 27, 2026
Rubicon Water Limited has released a presentation covering its H1 FY26 results, framed primarily as a confidential, background information document for professional or sophisticated investors. The company stresses that the material is not a prospe...
Rubicon Water Deepens Half-Year Loss as ANZ Sales Slide and FX Turns Adverse
Feb 27, 2026
Rubicon Water Limited reported a 9.4% decline in half-year revenue to $29.0 million for the period ended 31 December 2025, with weakness concentrated in the Australia and New Zealand segment due to lower hardware and spare parts sales. Revenue in ...
Rubicon Water to Host Investor Webinar on 1H FY26 Results
Feb 10, 2026
Rubicon Water Limited will brief investors on its first-half fiscal 2026 results via a webinar hosted by Chief Executive Officer Bruce Rodgerson and Chief Financial Officer Andrew Bendall. The session, scheduled for 10:30 a.m. AEDT on 27 February ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.