A Business at a Glance
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Rubicon Technology, Inc.
RBCN
$13M
Mkt Cap
$5.32
+0.00%
Rubicon Technology, Inc. (RBCN) has a 5-year average return on invested capital (ROIC) of 6.8%. This is below average and may indicate limited pricing power.
Rubicon Technology, Inc. (RBCN) has a market capitalization of $13M. It is classified as a small-cap stock.
Rubicon Technology, Inc. (RBCN) does not currently pay a regular dividend.
Rubicon Technology, Inc. (RBCN) operates in the Semiconductors & Related Devices industry, within the Technology sector.
Rubicon Technology, Inc. (RBCN) reported annual revenue of $4 million in its most recent fiscal year, based on SEC EDGAR filings.
Rubicon Technology, Inc. (RBCN) has a net profit margin of 26.1%. This is a strong margin indicating high profitability.
Rubicon Technology, Inc. (RBCN) generated $-521 thousand in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
ITEM 1. BUSINESS OVERVIEW Rubicon currently consists of two subsidiaries, Rubicon Worldwide LLC, doing business as Rubicon Technology Worldwide LLC (“RTW”) and Rubicon Technology BP LLC (“BP”). In June 2021 the operations of Rubicon DTP LLC, doing business as Direct Dose Rx (“Direct Dose”) were discontinued. RTW is an advanced materials provider specializing in monocrystalline sapphire for applications in optical and industrial systems. Sapphire is a desirable material for high-performance applications due to its hardness and strength, transparency in the visible and infrared spectrum, thermal conductivity, thermal shock resistance, abrasion resistance, high melting point and chemical inertness. As a result, it is ideally suited for extreme environments in a range of industries where material durability is just as important as optical clarity. We believe that we continue to have a reputation as one of the highest quality sapphire sources in the market.
| Metric | TTM | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|
| Revenue | 3.6M | 3.6M | 4.1M | 3.6M | 3.5M | 3.9M |
| Net Income | 935K | 935K | -730K | -1.1M | -1.1M | 963K |
| EPS | $0.37 | $0.37 | $-0.19 | $-0.43 | $-0.42 | $0.35 |
| Free Cash Flow | -521K | -521K | -61K | 295K | -1.3M | -3.3M |
| ROIC | 18.3% | 36.7% | -2.5% | 1.7% | -3.6% | 1.7% |
| Gross Margin | 40.1% | 40.1% | 31.1% | 27.9% | 30.7% | 0.4% |
| Debt/Equity | 0.50 | 0.50 | 0.00 | - | - | - |
| Dividends/Share | $0.00 | $0.00 | $0.00 | - | - | - |
| Operating Income | 585K | 585K | -464K | 530K | -1.3M | 635K |
| Operating Margin | 16.3% | 16.3% | -11.4% | 14.7% | -35.5% | 16.4% |
| ROE | 29.2% | 5.7% | -2.5% | - | - | - |
| Shares Outstanding | 3M | 3M | 4M | 2M | 3M | 3M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 134M | 67M | 42M | 46M | N/A | N/A | N/A | 3.9M | 3.5M | 3.6M | 4.1M | 3.6M | 3.6M |
| Gross Margin | 52.0% | -0.1% | -52.8% | -65.0% | N/A | N/A | N/A | 0.4% | 30.7% | 27.9% | 31.1% | 40.1% | 40.1% |
| R&D | 1.8M | 2.3M | 2.3M | 1.9M | 2.2M | 2.6M | 962K | 122K | N/A | N/A | 662K | 662K | 662K |
| SG&A | 11M | 9.0M | 8.6M | 9.9M | 9.6M | 7.7M | 4.5M | 2.3M | 2.5M | 1.9M | 2.1M | 2.3M | 2.3M |
| EBIT | 55M | -13M | -35M | -44M | -76M | -63M | -18M | 635K | -1.3M | 530K | -464K | 585K | 585K |
| Op. Margin | 40.9% | -19.4% | -84.0% | -95.5% | N/A | N/A | N/A | 16.4% | -35.5% | 14.7% | -11.4% | 16.3% | 16.3% |
| Net Income | 38M | -5.5M | -30M | -44M | -78M | -63M | -18M | 963K | -1.1M | -1.1M | -730K | 935K | 935K |
| Net Margin | 28.4% | -8.2% | -73.1% | -96.3% | N/A | N/A | N/A | 24.8% | -32.5% | -29.4% | -18.0% | 26.1% | 26.1% |
| Non-Recurring | -84K | -19K | -550K | -734K | 40M | 28M | 3.9M | 3.4M | 577K | 2.1M | 613K | 1.4M | 1.4M |
| Returns on Capital | |||||||||||||
| ROIC | 26.2% | -2.5% | -17.2% | -22.4% | -69.5% | N/A | -51.1% | 1.7% | -3.6% | 1.7% | -2.5% | 36.7% | 18.3% |
| ROE | 18.1% | -2.4% | N/A | N/A | -51.8% | N/A | N/A | N/A | N/A | N/A | -2.5% | 5.7% | 29.2% |
| ROA | 16.3% | -2.2% | -13.5% | -22.1% | -49.5% | -73.0% | -40.5% | 2.7% | -3.2% | -3.2% | -2.3% | 5.1% | 15.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 25M | -2.7M | 412K | -19M | -17M | -15M | -2.0M | -1.1M | -1.2M | 297K | -61K | -521K | -521K |
| Free Cash Flow | -24M | -14M | -8.3M | -26M | -18M | -16M | -2.0M | -3.3M | -1.3M | 295K | -61K | -521K | -521K |
| Owner Earnings | -12M | -50M | -59M | -90M | -51M | -34M | -4.1M | -1.8M | -1.9M | -54K | -572K | -823K | -823K |
| CapEx | 48M | 11M | 8.7M | 6.8M | 941K | 704K | 0 | 2.3M | 64K | 2K | 0 | 0 | 0 |
| Maint. CapEx | 34M | 46M | 57M | 70M | 33M | 17M | 1.2M | 355K | 169K | 152K | 140K | 120K | 120K |
| Growth CapEx | 14M | 0 | 0 | 0 | 0 | 0 | N/A | 1.9M | 0 | 0 | N/A | N/A | 0 |
| D&A | 34M | 46M | 57M | 70M | 33M | 17M | 1.2M | 355K | 169K | 152K | 140K | 120K | 120K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.7% | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 6.5M | 6.5M | 6.5M | 0 | 0 | 0 | 0 | 65K | 536K | 2.4M | 0 | 0 | 0 |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 3.2% | 25.2% | 113.5% | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | 2.3M | 1.8M | 1.6M | 1.4M | 1.3M | 1.3M | 897K | 381K | 523K | 199K | 371K | 182K | 182K |
| Debt Repayment | 0 | 0 | 0 | 0 | 1.5M | 1.5M | 1.5M | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | -29M | -19M | N/A | N/A | -24M | -26M | -26M | -1.6M | 0 |
| Cash & Equiv. | 4.3M | 20M | 21M | 24M | 21M | 18M | 12M | 11M | 8.7M | 11M | 11M | 1.6M | 1.6M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.6M | 1.6M |
| Debt/Equity | 0.14 | 0.10 | N/A | N/A | 0.01 | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.50 | 0.50 |
| Interest Coverage | 27375.5 | N/A | -367.2 | -459.1 | -696.8 | -633.5 | N/A | N/A | N/A | 13.9 | -15.5 | 15.0 | 15.0 |
| Equity | 228M | 225M | N/A | N/A | 112M | N/A | N/A | N/A | N/A | N/A | 29M | 3.2M | 3.2M |
| Total Assets | 260M | 248M | 203M | 195M | 119M | 53M | 35M | 36M | 35M | 31M | 31M | 6.0M | 6.0M |
| Total Liabilities | 32M | 23M | N/A | N/A | 7.3M | N/A | N/A | N/A | N/A | N/A | 1.6M | 2.8M | 2.8M |
| Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | N/A | N/A | N/A | 0 | 0 | 0 |
| Retained Earnings | -92M | -97M | -128M | -172M | -249M | -312M | -330M | -329M | -330M | -331M | -332M | -331M | -331M |
| Working Capital | 119M | 114M | 80M | 80M | 54M | 43M | 33M | 32M | 30M | 27M | 27M | 1.7M | 1.7M |
| Current Assets | 136M | 127M | 86M | 85M | 60M | 46M | 34M | 33M | 32M | 28M | 28M | 2.9M | 2.9M |
| Current Liabilities | 17M | 12M | 6.6M | 5.8M | 6.7M | 2.6M | 1.7M | 1.2M | 1.6M | 1.3M | 1.6M | 1.2M | 1.2M |
| Per Share Data | |||||||||||||
| EPS | 1.61 | -0.25 | -1.35 | -1.70 | -2.98 | -23.86 | -6.60 | 0.35 | -0.42 | -0.43 | -0.19 | 0.37 | 0.37 |
| Owner EPS | -0.49 | -2.26 | -2.61 | -3.49 | -1.97 | -12.85 | -1.52 | -0.65 | -0.70 | -0.02 | -0.15 | -0.33 | -0.33 |
| Book Value | 9.65 | 10.17 | N/A | N/A | 4.29 | N/A | N/A | N/A | N/A | N/A | 7.65 | 1.27 | 1.27 |
| Cash Flow/Share | 1.04 | -0.12 | 0.02 | -0.74 | -0.64 | -5.80 | -0.75 | -0.39 | -0.45 | 0.12 | -0.02 | -0.21 | 0.42 |
| Dividends/Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | N/A | N/A | N/A | 0.00 | 0.00 | 0.00 |
| Shares Out. | 23.6M | 22.2M | 22.5M | 25.9M | 26.1M | 2.6M | 2.7M | 2.8M | 2.7M | 2.5M | 3.8M | 2.5M | 2.5M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.1 | N/A | N/A | N/A | N/A | 14.4 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 7.2 | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 23.0 |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 4.2 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.5 | 0.6 | 0.4 | N/A | N/A | 3.7 |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -167.1% | -60.9% | 14.0% | N/A | N/A | -3.9% |
| Market Cap | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.0M | 2.1M | 2.1M | 0 | 0 | 13M |
| Avg. Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.73 | 0.78 | 0.77 | 0.00 | 0.00 | 5.32 |
| Year-End Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.73 | 0.78 | 0.86 | 0.00 | 0.00 | 5.32 |
Rubicon Technology, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 44.6x vs a median of 7.2x. The company's 5-year average ROIC is 6.8% with a gross margin of 26.0%. At current prices, the estimated annualized return to fair value is +4.4%.
Rubicon Technology, Inc. (RBCN) has a debt-to-equity ratio of 0.50. This indicates a conservatively financed balance sheet.
Rubicon Technology, Inc. (RBCN) reported earnings per share (EPS) of $0.37 in its most recent fiscal year.
Rubicon Technology, Inc. (RBCN) has a return on equity (ROE) of 5.7%. This indicates moderate shareholder returns.
Rubicon Technology, Inc. (RBCN) has a 5-year average gross margin of 26.0%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 14 years of financial data for Rubicon Technology, Inc. (RBCN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Rubicon Technology, Inc. (RBCN) has a book value per share of $1.27, based on its most recent annual SEC filing.
No recent press releases.