RB Global Inc. RBA

Name: RBA Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored March 14, 2026

Price at analysis: $98.56

Crucible Score

50.3

Quality × Value Composite

KQI — Quality

54.7

Fundamental Quality Index

KVI — Value

44.9

Valuation Attractiveness Index

Crucible Verdict — RBA

RB Global Inc. delivers solid operational execution with an 89% earnings beat rate and strong 92% performance-based compensation alignment, but the business suffers from weak competitive positioning with a moat durability score of just 42. RBA trades at a modest 7% discount to fair value, offering limited upside despite consistent earnings delivery. Growth acceleration remains the key catalyst for meaningful outperformance.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

68.5

Growth Profile

45.2

Moat Durability⚠

42.0

Management Effectiveness⚠

58.2

Diversification & Resilience⚠

54.0

Market Position

68.0

Weakest dimension: Moat Durability (42.0)

◆ KVI Value Dimensions

DCF Margin of Safety

59.6

FCF Yield & Cash Returns

33.6

Relative Valuation

35.8

Growth-Adjusted Value

41.7

Historical Valuation

46.8

Macro Context

41.7

◆ DCF Valuation Scenarios

Bear Case

$72.50

Base Case

$105.80

Bull Case

$148.60

Price at Analysis

$98.56

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$72.50	5.0%	15.5%	7.9%
🟢 Base	$105.80	8.0%	17.5%	7.4%
🟢 Bull	$148.60	11.0%	19.5%	6.9%

Key Assumptions: RBA experienced a step-change in revenue from ~$1.4-1.7B to $3.7-4.7B likely due to a major acquisition, which also brought significant debt and goodwill. WACC is calculated using CAPM with beta of 0.55 and an equity risk premium of 5.5%, blended with a cost of debt of ~5.0% at a D/E ratio reflecting current capital structure (~48% debt weight). Operating margins have compressed from 26% pre-acquisition to 13-18% post-acquisition; base case assumes gradual margin recovery to 17.5% as integration synergies are realized, while capex intensity normalizes around 5.8% of revenue.

◆ Financial Snapshot

Profitability

Gross Margin45.4%

Operating Margin18.5%

Net Margin9.3%

ROIC5.9%

ROE12.9%

Balance Sheet

Balance SheetCR: 1.10

Cash ConversionFCF/EPS: 1.69x

Capital IntensityCapex/Rev: 5.6%

Altman Z-Score2.55 (Grey)

Piotroski F-Score5/9 (Mixed)

Growth

Revenue CAGR-24.6% CAGR

Earnings CAGR-27.1% CAGR (suspect)

Growth ConsistencyCV: 5.44

Segment Breadth2/2 growing (100%)

Quarterly TrendRev∆, Margin↓, WC↓

Earnings CredibilityConsistent Beater

◆ Analyst Consensus & Leadership

Leadership & Governance

Compensation92% performance-based

Insider ActivityNeutral

Capital AllocationROIC 5.9% vs WACC 2.8%

Earnings Beat Rate89% (18/22)

◆ Related Companies in Our Universe

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ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted March 14, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.