$RUI (-1.37%)
Rubis - Energy logistics between stability and growth
Company & business model
- Founded in1990 in Paris.
- Market capitalizationapprox. 3.3 billion €.
- Presence: over 40 countries, mainly France, Caribbean, Africa.
- Special featureControl of the entire value chain (own tank farms, ships, terminals, distribution).
- Three pillars:
Energy distribution (liquid gas, diesel, heating oil).
Infrastructure & storage (tank farms, terminals, logistics).
Supplementary activities(special logistics such as airport refueling, joint ventures).
- PartnerClose cooperation with Trafiguraone of the world's largest commodity traders.
Future fields
- Renewable energiesExpansion of photovoltaics (open spaces, commercial roofs, carports, agricultural land).
- Hydrogen: Participation in HDF Energy, development of green hybrid/hydrogen power plants, focus on Africa and Europe.
- Strategy: Full integration of the value chain, including in the renewables sector.
Financial attractiveness
- Dividend policy:
- Almost uninterrupted dividend distribution since IPO in 1995.
- Continuous increases since 2006.
- 2024: Dividend of € 2.03 per share + special dividend of € 0.75.
- Current yield: approx. 6.4 %.
- Valuation:
- P/E ratio approx. 10 → favorable.
- P/E ratio 0.7 → undervaluation compared to the sector.
- Profits:
- 2023: € 3.13 per share.
- Forecasts: € 3.31 (2026) → € 3.52 (2027).
- Healthy earnings growth.
Current market drivers
- Takeover rumors:
- Interest from CVC (private equity) and Trafigura.
- Potential bidding war → price fantasy.
- Chart technique:
- Breakout above annual high → strong buy signal.
- Next resistance: € 32 in sight.
Investment summary
- Defensive strength:
- Crisis-resistant business model (energy supply, storage, logistics).
- Broad geographical diversification.
- Attractive key figures:
- High and steadily rising dividend.
- Favorable valuation with growth potential.
- Speculative potential:
- Takeover speculation and strategic partnerships can generate significant share price fantasy.
👉 Rubis offers investors a rare combination of stability, dividend strength and speculative potential. Just as exciting for dividend hunters as for growth and takeover speculators.
What is your opinion?
