Webjet Ltd WEB

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A$8.25 +0.15 (1.85%)

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As of Apr 29, 2024 6:10am Delayed Price Closed

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Company Report

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Webjet Sets a Big Goal for WebBeds

Brian Han Mar 21, 2024

Webjet’s biggest operating unit is its B2B booking platform, WebBeds. The business contracts supply from independent hotels, chains and third-party providers, aggregates and supplies the inventory to travel retailers. The business allows smaller hotels to increase distribution channels. For travel intermediaries, WebBeds increases the available inventory for end customers.

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Price vs Fair Value

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WEB is trading at a 20% premium.

Price

A$8.15

Apr 24, 2024

Fair Value

A$5.50

May 24, 2023

Uncertainty

High

1-Star Price: A$79.95
5-Star Price: A$5.41
Economic Moat: Dywv
Capital Allocation: Pcjnqqv

Bulls Say, Bears Say

Bulls

In an increasing complex post-pandemic travel environment, the value add of an online travel agent may increase as swift border closures and travel restrictions require customers to quickly change their itineraries or cancel bookings.

Bears

Travel conditions are likely to remain volatile due to uncertain economic conditions.

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Trading Information

Previous Close Price: A$8.10
Day Range: A$8.15–8.27
52-Week Range: A$5.92–8.98
Bid/Ask: A$8.12 / A$8.30
Market Cap: A$3.21 Bil
Volume/Avg: 588,655 / 1.4 Mil

Key Statistics

Price/Earnings (Normalized): 32.02
Price/Sales: 7.31
Dividend Yield (Trailing): —
Dividend Yield (Forward): —
Total Yield: —

Company Profile

Webjet provides online travel bookings across Europe, Asia-Pacific, the Middle East, and Africa, as well as Americas. The group operates in both the business to consumer, or B2C, and business to business, or B2B, segments. The B2B business, WebBeds, acts as an intermediary between hotels and wholesale/retail travel service providers. WebBeds is currently the world’s second largest B2B accommodation booking provider despite only a circa 4% market share of the fragmented AUD 70 billion global B2B accommodation market. The company’s B2C units, Webjet Online Travel Agent, or OTA, and GoSee allow retail customers to book flights, hotel accommodation, holiday packages, travel insurance, rental cars and caravans online.

Sector: Consumer Cyclical
Industry: Travel Services
Stock Style Box: Mid Core
Total Number of Employees: 19
Website: https://www.webjetlimited.com

Competitors

Valuation

Metric	WEB	CTD	FLT
Price/Earnings (Normalized)	32.02	23.53	31.20
Price/Book Value	3.52	1.94	4.00
Price/Sales	7.31	3.18	1.82
Price/Cash Flow	17.88	18.44	18.04

Price/Earnings

WEB

CTD

FLT

Financial Strength

Metric	WEB	CTD	FLT
Quick Ratio	1.05	1.33	0.79
Current Ratio	1.05	1.38	1.04
Interest Coverage	2.54	61.93	3.05

Quick Ratio

WEB

CTD

FLT

Profitability

Metric	WEB	CTD	FLT
Return on Assets (Normalized)	6.51%	6.95%	3.73%
Return on Equity (Normalized)	12.86%	9.91%	14.47%
Return on Invested Capital (Normalized)	11.94%	9.60%	9.08%

Return on Assets

WEB

CTD

FLT

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