WEBJET LIMITED (WEB)
Share Price Analysis and Chart

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WEB - WEBJET LIMITED

FNArena Sector : Travel, Leisure & Tourism
Year End: March
GICS Industry Group : Retailing
Debt/EBITDA: 1.28
Index: ASX200 | ASX300 | ALL-ORDS

Webjet is an Australian online travel group operating in the consumer and wholesale markets in several countries. Established in 1998, it listed on the ASX in 2000 through a reverse takeover of Roper River Resources.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$7.48

12 Sep
2024

0.030

OPEN

$7.56

0.40%

HIGH

$7.58

840,022

LOW

$7.44

TARGET
$9.864 31.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AIA . AIZ . CEH . CHL . CTD . EVT . EXP . FLT . HLO . KLS . QAN . SDR . SKO . SST . THL . VGL . VVA .
FNARENA'S MARKET CONSENSUS FORECASTS
WEB: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 18.9 37.1 xxx
DPS (cps) xxx 0.0 6.0 xxx
EPS Growth xxx 100.0% 96.7% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 20.3 xxx
Dividend Yield xxx N/A 0.8% xxx
Div Pay Ratio(%) xxx N/A 16.2% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 25/03 - ex-div 9c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192021202220232024
EPS Basic xxxxxxxxxxxxxxx18.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx471.3 M
Book Value Per Share xxxxxxxxxxxxxxx245.9
Net Operating Cash Flow xxxxxxxxxxxxxxx183.9 M
Net Profit Margin xxxxxxxxxxxxxxx15.43 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx8.19 %
Return on Invested Capital xxxxxxxxxxxxxxx6.47 %
Return on Assets xxxxxxxxxxxxxxx4.29 %
Return on Equity xxxxxxxxxxxxxxx8.19 %
Return on Total Capital xxxxxxxxxxxxxxx12.60 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx179.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192021202220232024
Short-Term Debt xxxxxxxxxxxxxxx4 M
Long Term Debt xxxxxxxxxxxxxxx236 M
Total Debt xxxxxxxxxxxxxxx240 M
Goodwill - Gross xxxxxxxxxxxxxxx541 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx630 M
Price To Book Value xxxxxxxxxxxxxxx3.59

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192021202220232024
Capex xxxxxxxxxxxxxxx41.4 M
Capex % of Sales xxxxxxxxxxxxxxx8.78 %
Cost of Goods Sold xxxxxxxxxxxxxxx284 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx45 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

30/08/2024

3

Equal-weight

$8.15

8.96%

Webjet reported a "soft" trading update at its AGM which revealed volume headwinds across consumer and business with a deterioration in B2B yields, Morgan Stanley notes.

Management explained the weakness via timing issues,  Olympics, Euros alongside industry insolvencies, but B2B total transaction values remains lower than FY18 and take rates have decline to around 7% from 9.7% in FY25 for 1H25.

The broker believes for B2B to deliver earnings growth it requires substantial capital investment. The analyst also questions management's market share claims against peers, Flight Centre ((FLT) and Booking.com.

Morgan Stanley cuts EPS forecasts by -8% in FY25 out to -10% in FY27. The de merger is viewed positively.

Equal-weight rating. The target moves to $8.15 from $9.30. Industry View: In-line.

FORECAST
Morgan Stanley forecasts a full year FY25 EPS of 38.00 cents.
Morgan Stanley forecasts a full year FY26 EPS of 46.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Jarden

04/09/2024

1

Buy

$9.45

26.34%

Jarden found the AGM update from Webjet soft, as weak transaction trends continued in B2C, while B2B was weaker on a customer insolvency and the impact of two major events.

As a result the broker reduces FY25 EBITDA estimates by -10% and rebased medium-term revenue margins for WebBeds. WebBeds has been affected by the collapse of Europe's third-largest tour operator while the Paris Olympics had resulted in less in-month purchases.

The broker remains positive on the stock and considers the business undervalued given its growth profile, with the demerger likely to be a catalyst. Buy rating. Target is reduced to $9.45 from $10.30.

FORECAST
Jarden forecasts a full year FY25 dividend of 11.00 cents and EPS of 32.70 cents.
Jarden forecasts a full year FY26 dividend of 14.00 cents and EPS of 42.00 cents.

Goldman Sachs

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Access Extra Coverage Research History >

WEB STOCK CHART

FNArena News on WEB

1
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2
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Australian Broker Call *Extra* Edition – Sep 04, 2024

Sep 04 2024 - Daily Market Reports
4
Rudi’s View: Model Portfolios, Best Ideas & Conviction Calls

Aug 15 2024 - Rudi's View
5
Rudi’s View: First Relief, Then More Selling?

Aug 08 2024 - Rudi's View

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