Professional
Added to YB: 2025-01-13
Pitch date: 2025-01-11
RUI.PA [neutral]
Rubis
+42.86%
current return
Author Info
Special Situation Investments focuses on event-driven trades and low risk arbitrage opportunities with short term catalysts. Sign up for the newsletter.
Company Info
Rubis engages in the operation of bulk liquid storage facilities for commercial and industrial customers in Europe, Africa, and the Caribbean.
Market Cap
EUR 2.9B
Pitch Price
EUR 22.33
Price Target
31.20 (-1%)
Dividend
7.21%
EV/EBITDA
6.51
P/E
7.76
EV/Sales
0.71
Sector
Gas Utilities
Category
special_situation
Rubis (RUI.PA): Activists Eye Value Unlock in French Distribution Giant
RUI.PA (activist campaign): Activist campaign & strategic review with 20-30% upside. 15% owned by activists, one secured board seat. Cheap at 5.4-5.7x EV/2024E EBITDA ex-Photosol. Valued at 6.5-7x EBITDA, below 7.5x peer UGI. Risks: French-listed, MLP structure, Africa/Caribbean exposure. Sale rumors, but no explicit activist call.
Read full article (2 min)