Rubicon Water Limited

ASX:RWL Stock Report

Market Cap: AU$22.9m

Rubicon Water Management

Management criteria checks 4/4

Rubicon Water's CEO is Bruce Rodgerson, appointed in Jan 2010, has a tenure of 16.33 years. total yearly compensation is A$495.87K, comprised of 79.5% salary and 20.5% bonuses, including company stock and options. directly owns 9.28% of the company’s shares, worth A$2.12M. The average tenure of the management team and the board of directors is 4.8 years and 13.8 years respectively.

Key information

Bruce Rodgerson

Chief executive officer

AU$495.9k

Total compensation

CEO salary percentage79.46%
CEO tenure16.3yrs
CEO ownership9.3%
Management average tenure4.8yrs
Board average tenure13.8yrs

Recent management updates

Recent updates

New Narrative Mar 01

Long Term Water Security And ESG Stewardship Will Support This Undervalued Irrigation Supplier

Catalysts About Rubicon Water Rubicon Water provides technology and infrastructure solutions to modernize gravity fed irrigation networks and improve water efficiency worldwide. What are the underlying business or industry changes driving this perspective?
Analysis Article Jan 28

Rubicon Water Limited (ASX:RWL) Surges 31% Yet Its Low P/S Is No Reason For Excitement

Rubicon Water Limited ( ASX:RWL ) shareholders are no doubt pleased to see that the share price has bounced 31% in the...
Analysis Article Dec 24

Is Rubicon Water (ASX:RWL) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Nov 01

Rubicon Water Limited (ASX:RWL) Held Back By Insufficient Growth Even After Shares Climb 50%

Rubicon Water Limited ( ASX:RWL ) shares have had a really impressive month, gaining 50% after a shaky period...
Analysis Article Sep 17

It's Down 26% But Rubicon Water Limited (ASX:RWL) Could Be Riskier Than It Looks

Rubicon Water Limited ( ASX:RWL ) shares have had a horrible month, losing 26% after a relatively good period...
Analysis Article Aug 26

Rubicon Water (ASX:RWL) Is Making Moderate Use Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Jun 24

It's Down 29% But Rubicon Water Limited (ASX:RWL) Could Be Riskier Than It Looks

Rubicon Water Limited ( ASX:RWL ) shareholders that were waiting for something to happen have been dealt a blow with a...
Analysis Article Mar 07

Market Cool On Rubicon Water Limited's (ASX:RWL) Revenues Pushing Shares 34% Lower

Rubicon Water Limited ( ASX:RWL ) shares have had a horrible month, losing 34% after a relatively good period...
Analysis Article Dec 08

Positive Sentiment Still Eludes Rubicon Water Limited (ASX:RWL) Following 29% Share Price Slump

The Rubicon Water Limited ( ASX:RWL ) share price has softened a substantial 29% over the previous 30 days, handing...
Analysis Article Oct 23

Subdued Growth No Barrier To Rubicon Water Limited (ASX:RWL) With Shares Advancing 35%

Rubicon Water Limited ( ASX:RWL ) shares have had a really impressive month, gaining 35% after a shaky period...
Analysis Article Aug 08

Rubicon Water Limited (ASX:RWL) Shares May Have Slumped 33% But Getting In Cheap Is Still Unlikely

To the annoyance of some shareholders, Rubicon Water Limited ( ASX:RWL ) shares are down a considerable 33% in the last...
Analysis Article May 28

What Rubicon Water Limited's (ASX:RWL) P/S Is Not Telling You

It's not a stretch to say that Rubicon Water Limited's ( ASX:RWL ) price-to-sales (or "P/S") ratio of 1.2x right now...
Analysis Article Mar 06

Is Rubicon Water (ASX:RWL) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jan 31

Pinning Down Rubicon Water Limited's (ASX:RWL) P/S Is Difficult Right Now

With a median price-to-sales (or "P/S") ratio of close to 1.6x in the Electronic industry in Australia, you could be...
Analysis Article Sep 06

There's Reason For Concern Over Rubicon Water Limited's (ASX:RWL) Price

It's not a stretch to say that Rubicon Water Limited's ( ASX:RWL ) price-to-sales (or "P/S") ratio of 1.9x right now...
Analysis Article Mar 02

We Believe That Rubicon Water's (ASX:RWL) Weak Earnings Are A Good Indicator Of Underlying Profitability

The market shrugged off Rubicon Water Limited's ( ASX:RWL ) weak earnings report. Despite the strength in the stock, we...

CEO Compensation Analysis

How has Bruce Rodgerson's remuneration changed compared to Rubicon Water's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

-AU$12m

Sep 30 2025n/an/a

-AU$9m

Jun 30 2025AU$496kAU$394k

-AU$7m

Mar 31 2025n/an/a

-AU$7m

Dec 31 2024n/an/a

-AU$7m

Sep 30 2024n/an/a

-AU$9m

Jun 30 2024AU$523kAU$422k

-AU$11m

Mar 31 2024n/an/a

-AU$11m

Dec 31 2023n/an/a

-AU$11m

Sep 30 2023n/an/a

-AU$11m

Jun 30 2023AU$402kAU$319k

-AU$11m

Mar 31 2023n/an/a

-AU$9m

Dec 31 2022n/an/a

-AU$7m

Sep 30 2022n/an/a

-AU$4m

Jun 30 2022AU$338kAU$280k

-AU$438k

Mar 31 2022n/an/a

AU$2m

Dec 31 2021n/an/a

AU$4m

Sep 30 2021n/an/a

AU$6m

Jun 30 2021AU$336kAU$309k

AU$8m

Mar 31 2021n/an/a

AU$9m

Dec 31 2020n/an/a

AU$9m

Sep 30 2020n/an/a

AU$5m

Jun 30 2020AU$302kAU$276k

AU$1m

Compensation vs Market: Bruce's total compensation ($USD355.82K) is about average for companies of similar size in the Australian market ($USD329.52K).

Compensation vs Earnings: Bruce's compensation has been consistent with company performance over the past year.


CEO

Bruce Rodgerson

16.3yrs
Tenure
AU$495,870
Compensation

Mr. Bruce Rodgerson has been a Director of Rubicon Water Limited since December 10, 2003 and its Chief Executive Officer since 2010. Previously, as Operations Manager he was responsible for the establishme...


Leadership Team

NamePositionTenureCompensationOwnership
Bruce Rodgerson
CEO & Executive Director16.3yrsAU$495.87k9.28%
A$ 2.1m
Andrew Bendall
Chief Financial Officer3yrsAU$429.36kno data
David Aughton
Executive Directorno dataAU$365.78k10.68%
A$ 2.4m
Matt Ryan
General Manager of Technical Servicesno datano datano data
Caroline Sabolek
General Manager of Human Resourcesno datano datano data
Robert Walker
Company Secretary4.8yrsno datano data
Oliver Carton
Company Secretaryno datano datano data
4.8yrs
Average Tenure

Experienced Management: RWL's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bruce Rodgerson
CEO & Executive Director22.4yrsAU$495.87k9.28%
A$ 2.1m
David Aughton
Executive Director22.7yrsAU$365.78k10.68%
A$ 2.4m
Lynda Kathryn O'Grady
Independent Non-Executive Director4.8yrsAU$112.61k0.24%
A$ 55.6k
Gordon Dickinson
Deputy Chair22.4yrsAU$120.03k18.33%
A$ 4.2m
Anthony Morganti
Independent Chair5.1yrsAU$121.87k0.20%
A$ 46.5k
Iven Mareels
Independent Non-Executive Director4.8yrsAU$91.35k0.12%
A$ 28.5k
13.8yrs
Average Tenure

Experienced Board: RWL's board of directors are seasoned and experienced ( 13.8 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/26 13:02
End of Day Share Price 2026/05/26 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Rubicon Water Limited is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James FerrierCanaccord Genuity
James FerrierCanaccord Genuity Historic (Wilsons Advisory and Stockbroking Ltd.