WEB TRAVEL GROUP LIMITED (WEB)
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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

$4.04

02 Oct
2025

0.090

OPEN

$3.99

2.28%

HIGH

$4.06

1,779,719

LOW

$3.96

TARGET
$5.827 44.2% 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 23.8 xxx
DPS (cps) xxx 99.5 1.3 xxx
EPS Growth xxx 100.0% - 54.3% xxx
DPS Growth xxx N/A - 98.7% xxx
PE Ratio xxx N/A 16.9 xxx
Dividend Yield xxx N/A 0.3% xxx
Div Pay Ratio(%) xxx 190.8% 5.4% xxx

Dividend yield today if purchased 3 years ago: 21.44%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

24.75

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 xxxxxxxxxxxxxxx159.2
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 xxxxxxxxxxxxxxx2.87

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

Citi

xx/xx/xxxx

1

xxx, xxxx xxxx

$xx.xx

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

27/08/2025

1

Buy

$5.75

42.33%

UBS knew that operating conditions had deteriorated over the last few months, yet despite this Web Travel is still guiding to first half total transaction value of at least $1.3bn, which would represent 20% year on year growth.

Maintaining FY26 guidance of "at least" a 6.5% revenue/TTV margin, despite having headwinds in the two highest margin regions (MiddleEast/Africa and Europe) suggests that under normal conditions TTV should be higher, the broker notes.

In UBS' view, valuation remains appealing, with Web Travel trading on a one-year forward PE of 15.2x while offering a 21% three-year earnings CAGR. Target falls to $5.75 from $6.20, Buy retained.

FORECAST
UBS forecasts a full year FY26 dividend of 9.00 cents and EPS of 21.00 cents.
UBS forecasts a full year FY27 dividend of 12.00 cents and EPS of 28.00 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$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

03/09/2025

2

Overweight

$5.30

31.19%

Web Travel's AGM produced a softer-than-anticipated update, with TTV growth weakening since the FY25 result due to forex headwinds of -4% and challenges in the Middle East. TTV for FY26 is expected to be in the mid-high teens, at least $3.1bn versus consensus at $3.2bn.

There were no changes to the long-term TTV target of $10bn. News flow is expected to improve from here, with indications the global travel market is bottoming out.

Jarden lowers its net profit after tax forecasts by -9% for FY26 and -3% for FY27.

Overweight retained. Target slips to $5.30 from $5.40.

FORECAST
Jarden forecasts a full year FY26 dividend of 9.00 cents and EPS of 26.00 cents.
Jarden forecasts a full year FY27 dividend of 10.00 cents and EPS of 31.70 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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WEB STOCK CHART