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No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
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Ranked against 11 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RCL | $83.1B | 19.9× | — | 4.6× | 8.8% | 49.4% | 23.8% | 42.5% | 13.6% | — | 340 |
| CCL | $38.8B | 14.3× | — | 1.5× | 6.4% | — | 10.4% | 22.5% | 7.1% | — | 6 |
| NCLH | $8.4B | 19.8× | 8.4× | 0.8× | 3.7% | 42.6% | 4.3% | 19.2% | 2.5% | 5.3× | 158 |
| KEX | $7.7B | 23.1× | 11.2× | 2.3× | 3.0% | — | 10.5% | 10.5% | 8.3% | 1.1× | 104 |
| MATX | $6.8B | 16.4× | 10.8× | 2.0× | -2.3% | — | 13.3% | 16.1% | 14.3% | 0.3× | 104 |
| INSW | $5.8B | 18.2× | 12.3× | 6.9× | -11.4% | — | 36.7% | 15.3% | 12.0% | 0.9× | 85 |
| GLNG | $4.8B | — | 43.1× | 12.1× | 51.1% | — | 16.7% | 3.6% | 1.4% | 10.8× | 41 |
| TDW | $4.2B | 12.8× | 10.0× | 3.1× | 0.5% | — | 24.7% | 24.5% | 16.6% | 0.2× | 76 |
| TNK | $3.5B | 10.0× | 6.8× | 3.7× | -22.6% | 66.7% | 36.9% | 17.2% | 17.2% | -2.1× | 36 |
| NAT | $1.7B | 135.2× | 20.1× | 5.9× | -16.6% | 62.3% | 4.2% | 2.8% | 1.4% | 3.6× | 62 |
| FLNG | $1.5B | 20.8× | 11.7× | 4.5× | -2.4% | — | 21.5% | 10.4% | 2.9% | 5.6× | 38 |
| RUBI | $34M | 0.1× | — | 1.5× | -2.8% | — | 11.2% | 5.8% | 2.1% | — | — |
Peers = companies sharing RUBI's sector (Water Transportation) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on -$8.6M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
EOD close · as of 2026-10-30
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $23.5M 100.0% | $24.2M 100.0% | $24.5M 100.0% |
| Selling, General & Admin | $1.3M 5.4% | $1.9M 7.8% | $1.7M 6.9% |
| Operating Income | $12.4M 52.7% | $12.4M 51.3% | $12.4M 50.8% |
| Interest Expense | $8.3M 35.1% | $6.5M 26.9% | $5.9M 24.0% |
| Interest & Investment Income | $62K 0.3% | $25K 0.1% | $62K 0.3% |
| Other Income (Expense), net | -$9.8M -41.5% | -$6.5M -26.8% | -$5.8M -23.7% |
| Net Income | $2.6M 11.2% | $5.9M 24.6% | $6.6M 27.1% |
| Per Share | |||
| EPS (Basic) | $49.07 | $454.96 | $507.54 |
| EPS (Diluted) | $49.07 | $454.96 | $507.54 |
| Weighted Avg Shares (Basic) | 54K | 13K | 13K |
| Weighted Avg Shares (Diluted) | 54K | 13K | 13K |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $4.0M is below the $4.5M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (20-F).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~10.0% on $82.3M of debt.
Cash of $4.0M is below short-term debt of $4.3M — relies on refinancing/operations.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 2 positive fiscal years (FY2023, FY2024). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $2.03 today, the market must believe free cash flow compounds -6.7%/yr for a decade (off $11.2M on the 3-yr avg basis).
Default is 10.0% — this company's computed cost of capital (published default — this company's cost of capital could not be computed), the same rate the Analysis tab discounts at.
2-stage DCF · 0.00B shares (market data) · net debt $78.3M
Today's price is outside this grid at every discount rate shown — the assumptions it requires lie beyond the plotted range, which is itself the finding.
mean -96.5% · volatility σ 121% · implied rate exceeded in 0/2 yrs
Central path = implied -6.7%/yr growth; shaded band = ±1σ (121%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
EOD close · as of 2026-10-30
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 6% against ROIC 2% — 4% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| SG&A | 6.9 | 7.8 | 5.4 |
| Operating Income | 50.8 | 51.3 | 52.7 |
| Net Income | 27.1 | 24.6 | 11.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on RUBI: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Cost of capital cannot be computed, so the spread is unknown.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2023 | not reported | 50.8% | 27.1% |
| FY2024 | not reported | 51.3% | 24.6% |
| FY2025 | not reported | 52.7% | 11.2% |
Leverage and buybacks account for 4 points of the 6% return on equity in FY2025. The business earns 2% on the capital it employs; the rest is balance sheet.
ROE is on average equity; ROIC is NOPAT over average invested capital (debt plus equity less excess cash). The gap is not a single adjustment.
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: tax_rate.
Cash conversion of 0.10x sits below the level that would make the earnings clearly cash-backed.
Shares outstanding are up 2851% since FY2023 — per-share cash flow has grown more slowly than the totals above, and the gap is the owners'.
Missing from our data, so excluded from this answer: share_based_compensation.
Debt is present but there is no positive EBITDA or no reported interest expense, so coverage cannot be measured.
Ladder as of 2025-12-31 (20-F); cash from the 2025-12-31 balance sheet; FCF from FY2025. Free cash flow is negative, so projected resources fall rather than accumulate.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
No material counter-signal in the checked set: net debt / EBITDA, interest coverage, stressed coverage, maturity schedule vs cash and one year of FCF, liquidity ratios.
Missing from our data, so excluded from this answer: ebitda.
At $2.73, free cash flow must compound -1.71%/yr for 10 years. It has no positive compounding record to compare against.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2024 | −11.1% | −1.7% |
| FY2025 | −181.9% | −1.7% |
The cost of capital could not be computed for this company, so the requirement is solved at the published 10% default — a different rate would move it materially.
| Step | Amount | Running total |
|---|---|---|
| Net income | $3M | $3M |
| Share-based comp | not reported | not reported |
| Other non-cash & working capital | $9M | $11M |
| Operating cash flow | $11M | $11M |
| Capex | −$20M | −$9M |
| Free cash flow | −$9M | −$9M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2024 | -1.1% | not reported | not reported |
| FY2025 | -2.8% | 347.2% | 350.0 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2023 | not reported | not reported | not reported | not reported |
| FY2024 | 3.5 days | not reported | not reported | not reported |
| FY2025 | 15.9 days | not reported | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2023 | not reported |
| FY2024 | -4.0 percent |
| FY2025 | -6.5 percent |