WEB TRAVEL GROUP LIMITED (WEB)
Share Price Analysis and Chart

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WEB

WEB - WEB TRAVEL GROUP LIMITED

FNArena Sector : Travel, Leisure & Tourism
Year End: March
GICS Industry Group : Retailing
Debt/EBITDA: 2.09
Index: ASX200 | ASX300 | ALL-ORDS

The former Webjet has separated its online travel agency and operates now under the new name of Web Travel Group. Established in 1998, it listed on the ASX in 2000 through a reverse takeover of Roper River Resources.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.78

14 Jul
2025

-0.020

OPEN

$4.78

-0.42%

HIGH

$4.85

1,874,898

LOW

$4.76

TARGET
$6.279 31.4% 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 . VRL . VVA . WJL .
FNARENA'S MARKET CONSENSUS FORECASTS
WEB: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 52.1 27.0 xxx
DPS (cps) xxx 99.5 1.6 xxx
EPS Growth xxx 100.0% - 48.3% xxx
DPS Growth xxx N/A - 98.4% xxx
PE Ratio xxx N/A 17.7 xxx
Dividend Yield xxx N/A 0.3% xxx
Div Pay Ratio(%) xxx 190.8% 5.8% xxx

Dividend yield today if purchased 3 years ago: 19.36%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 20.73

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 © 2025 FactSet UK Limited. All rights reserved
Title 201920212022202320242025
EPS Basic xxxxxxxxxxxxxxx52.1
DPS All xxxxxxxxxxxxxxx99.5
Sales/Revenue xxxxxxxxxxxxxxx328.4 M
Book Value Per Share xxxxxxxxxxxxxxx174.2
Net Operating Cash Flow xxxxxxxxxxxxxxx77.8 M
Net Profit Margin xxxxxxxxxxxxxxx3.38 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx1.46 %
Return on Invested Capital xxxxxxxxxxxxxxx1.11 %
Return on Assets xxxxxxxxxxxxxxx0.67 %
Return on Equity xxxxxxxxxxxxxxx1.46 %
Return on Total Capital xxxxxxxxxxxxxxx7.97 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx76.8 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 201920212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxxxxx243 M
Total Debt xxxxxxxxxxxxxxx247 M
Goodwill - Gross xxxxxxxxxxxxxxx540 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx364 M
Price To Book Value xxxxxxxxxxxxxxx2.62

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920212022202320242025
Capex xxxxxxxxxxxxxxx43.7 M
Capex % of Sales xxxxxxxxxxxxxxx13.31 %
Cost of Goods Sold xxxxxxxxxxxxxxx220 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx29 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

0.6

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx 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

29/05/2025

5

Underweight

$4.25

-11.09%

Morgan Stanley's bearish view on Web Travel hasn't changed despite FY25 results slightly beating its forecasts, resulting in a 6-7% lift in its EPS estimates for FY26-FY27.

A roll forward in valuation led to an increase in the target price to $4.25 from $3.40. Underweight maintained.

The broker re-iterated high conviction on its thesis around the competitive position and long-term earnings power, stating the company's offer is substitutable and lacks scale.

The analyst also raised concerns about the lack of balance sheet flexibility and cited it as the reason for the additional facility taken on by the company.

With potential for 2021 notes redemption, the company would find itself in a similar situation to 2020 when working capital unwind resulted in three capital raisings, the broker highlights.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 0.00 cents and EPS of 29.00 cents.
Morgan Stanley forecasts a full year FY27 dividend of 0.00 cents and EPS of 39.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Shaw and Partners

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

02/06/2025

2

Overweight

$5.40

12.97%

Jarden is positive about Web Travel's outlook due to accelerating total transaction value (TTV) after a tough FY25. The broker notes conversion rates are increasing, and the company appears to be on track for a 50% EBITDA margin in FY27.

For FY26, though, the company expects an EBITDA margin of 44-47% vs the consensus of 49%, but expects this to be offset by TTV upgrades.

The broker is forecasting a 28% y/y increase in FY26 TTV and a slightly higher margin than the company's guidance, with FY27 margin estimated at 50%.

Overweight. Target cut to $5.40 from $5.60 on roll-forward and higher risk-free rate, partly offset by upgrades to earnings forecasts.

FORECAST
Jarden forecasts a full year FY26 dividend of 10.00 cents and EPS of 30.20 cents.
Jarden forecasts a full year FY27 dividend of 12.00 cents and EPS of 39.90 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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WEB STOCK CHART

FNArena News on WEB

1
Rudi’s View: How Expensive Is Expensive?

Jun 04 2025 - Rudi's View
2
Australian Broker Call *Extra* Edition – Jun 02, 2025

Jun 02 2025 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 30-05-25

Jun 02 2025 - Weekly Reports
4
FNArena Corporate Results Monitor – 30-05-2025

May 30 2025 - Australia
5
In Brief: Webjet, Myer & Goodman Group

May 30 2025 - Weekly Reports

Latest Travel, Leisure & Tourism News

1
Smart Platform Underpins SiteMinder Optimism

Jun 18 2025 - Small Caps
2
Corporate Travel: Happy Above Downtrend Line

May 20 2025 - Technicals
3
Flight Centre: A Downgrade Anticipated

May 02 2025 - Australia
4
Corporate Travel Eyes Strong Growth Rebound

Mar 07 2025 - Small Caps
5
Is SiteMinder’s Re-Rating Just A Matter of Time?

Mar 06 2025 - Small Caps
6
Diverging Margins In Webjets’ Results

Dec 02 2024 - Australia
7
What Happened To WEB Travel’s Growth Outlook?

Oct 17 2024 - Small Caps
8
Upside For The New Webjet(s)

Sep 26 2024 - Australia
9
SiteMinder To Thrive On New Product Launches

Aug 06 2024 - Small Caps
10
In Brief: It’s Not The Economy, Stupid!

Jul 05 2024 - Weekly Reports