Rubicon Water Limited (AU:RWL)
ASX:RWL
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Rubicon Water Limited
(Sydney:RWL)
Select Model
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Rating:44Neutral
Price Target:
AU$0.09
▼(-35.71% Downside)
Action:Reiterated
Date:05/28/26
The score is primarily held down by weak profitability (negative margins and ROE) despite strong recent revenue growth, alongside bearish technicals with the price below all major moving averages and negative MACD. Valuation is difficult to support due to negative earnings and no stated dividend yield.
Positive Factors
Sustained Revenue Growth
A recurring ~21% revenue growth rate indicates sustained demand for Rubicon's irrigation and water-management solutions. Over 2-6 months this trend supports expanding contract pipeline, deeper customer adoption and scale benefits that can drive future recurring services and aftermarket revenue.
Negative Factors
Negative Profitability
Persistent negative EBIT and net margins indicate underlying operational or scale issues. Over the medium term this limits internal cash generation, constrains reinvestment capacity, and requires either margin recovery or external financing to support growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
A recurring ~21% revenue growth rate indicates sustained demand for Rubicon's irrigation and water-management solutions. Over 2-6 months this trend supports expanding contract pipeline, deeper customer adoption and scale benefits that can drive future recurring services and aftermarket revenue.
Read all positive factors
Rubicon Water Limited (RWL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$19.75M
Dividend YieldN/A
Average Volume (3M)103.37K
Price to Earnings (P/E)―
Beta (1Y)0.58
Revenue Growth15.74%
EPS Growth-31.98%
CountryAU
Employees300
SectorUtilities
Sector Strength65
IndustryRegulated Water
Share Statistics
EPS (TTM)-0.05
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.03
Revenue Forecast (FY)AU$71.00M
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 and delivering water management and irrigation control solutions to customers such as irrigation districts, water authorities, and agricultural operators. Key revenue streams typically include: (1) product and ...
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
0.13
Negative
0.15
Negative
0.16
Negative
Market Momentum
-0.01
Positive
34.21
Neutral
8.33
Positive
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 above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.13, and below the 200-day MA of 0.16, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 34.21 is Neutral, neither overbought nor oversold. The STOCH value of 8.33 is Positive, 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$179.42M | 20.95 | 5.98% | 2.95% | -2.87% | -18.36% | |
58 Neutral | AU$16.07M | -4.36 | -45.61% | ― | -2.45% | -211.48% | |
51 Neutral | AU$37.67M | 12.43 | 6.56% | ― | 9.57% | -21.00% | |
49 Neutral | AU$53.00M | -19.06 | -13.64% | ― | 16.99% | ― | |
44 Neutral | AU$19.75M | -1.91 | -19.18% | ― | 15.74% | -31.98% | |
44 Neutral | AU$24.29M | -2.28 | -153.29% | ― | -58.56% | -313.17% |
* Utilities Sector Average
AU:RWL
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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.