WEB Travel Group (WEB) AI Stock Analysis

• Market Cap: AU$931.00M
• Dividend Yield: N/A
• Average Volume (3M): 2.57M
• Price to Earnings (P/E): 13.3
• Beta (1Y): 2.02
• Revenue Growth: -8.73%
• EPS Growth: -99.88%
• Country: AU
• Employees: 1,800
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Travel Services
• EPS (TTM): 0.07
• Shares Outstanding: 361,340,670
• 10 Day Avg. Volume: 1,824,999
• 30 Day Avg. Volume: 2,573,393
• PEG Ratio: 0.04
• Price to Book (P/B): 2.87
• Price to Sales (P/S): 5.02
• P/FCF Ratio: 48.32
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$5.32
• Price Target Upside: 76.10% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): 0.25
• Revenue Forecast (FY): AU$388.28M

• Rating: 54 Neutral
• Price Target: AU$2.50 ▼(-17.22% Downside)
• Action: Reiterated Date: 02/07/26
• Date: Action: Reiterated 02/07/26

The score is held back primarily by very weak technicals (clear downtrend with bearish momentum) and an extremely elevated P/E valuation. Financial performance is comparatively stronger due to profitability recovery, improved margins, and positive free cash flow, which partially offsets the market/valuation risks.

Positive Factors

Positive free cash flow

Consistent positive free cash flow is a durable strength: it funds operations, supports debt reduction or strategic investment without needing external capital, and provides a cushion through travel cycles. This underpins long‑term financial flexibility and resilience.

Profitability recovery & margin improvement

A shift from prior losses to solid profit and improved margins indicates sustainable operational improvements such as better pricing, cost control, or higher take rates. Durable margin gains increase cash conversion and strengthen competitive positioning over months.

Improving leverage and strong equity base

A stronger equity position and falling debt-to-equity ratio enhance financial stability, lowering default risk and borrowing costs. This structural improvement increases optionality for M&A or technology investment and helps absorb industry downturns over the medium term.

Negative Factors

Revenue decline and volatility

Falling and volatile revenue reduces predictability of earnings and cash flow, making it harder to sustain investments and margins. For a distribution business tied to booking volumes, revenue swings materially affect long‑term planning, supplier contracts and profitability stability.

High exposure to travel demand cyclicality

As a B2B accommodation distributor, the company’s revenue is closely tied to travel volumes and macro cycles. Structural sensitivity to economic downturns, travel restrictions or shifts in booking patterns raises persistent demand risk that can depress volumes for months.

Operating cash flow weakness and financing variability

Declining operating cash flow combined with variable financing cash flows signals weaker internal funding reliability. Over time this may force higher-cost external financing or constrain capital allocation, reducing the firm’s ability to invest during recovery periods.

WEB Travel Group Business Overview & Revenue Model

Company Description

Webjet Limited provides online travel booking services in Australia, New Zealand, the United Arab Emirates, the United Kingdom, and internationally. It operates through Business to Consumer Travel and Business to Business Travel segments. The company enables its customers to compare, combine, and book domestic and international travel flight deals, hotel accommodation packages, travel insurances, rental cars, and motorhomes. Its brands include Webjet, GoSee, Trip Ninja, Rezchain, Roomdex, LockTrip.com, JacTravel, Sunhotels, Lots of Hotels, Totalstay, Destinations of the World, FIT Ruums, and Umrah Holidays International. The company serves retail and corporate travel agents, online travel agencies, wholesalers, and tour operators. Webjet Limited was incorporated in 1980 and is based in Melbourne, Australia.

How the Company Makes Money

WEB primarily makes money by facilitating accommodation bookings and charging for distribution and connectivity. Key revenue streams include: (1) B2B accommodation distribution margins: WEB sources hotel/accommodation inventory (directly from properties and/or via suppliers), distributes it to travel buyers, and earns a margin/commission on each completed booking (often expressed as the spread between the net rate it secures and the sell rate charged to the buyer, or as an agreed commission/markup). (2) Transaction-based fees: In addition to or instead of a pure margin, WEB may earn per-booking/transaction fees for processing reservations, providing access to inventory, or enabling specific booking/servicing features; if specific fee structures are not publicly disclosed, this data point is null. (3) Connectivity/technology services: WEB provides technology that connects accommodation partners and travel sellers (e.g., channel/connectivity services, integrations, and related tools) and can earn revenue through service fees, implementation fees, and/or ongoing platform charges; if product-specific pricing details are not publicly disclosed, this data point is null. (4) Value-added services to partners: WEB can generate incremental revenue from ancillary or support services tied to distribution (e.g., account management, data/insights, or marketing support) where offered; if such offerings are not publicly detailed for WEB, this data point is null. Earnings are influenced by booking volumes, take rate (margin/commission), mix of higher-margin channels, supply contracting terms with hotels, and demand from travel intermediaries; specific material partnership terms are null unless publicly disclosed.

WEB Travel Group Financial Statement Overview

Summary

Income statement strength (profit recovery and improved margins) and positive free cash flow support a solid score, but revenue volatility and lower operating cash flow versus last year temper overall financial quality. Balance sheet metrics show improving leverage, though the slightly lower equity ratio warrants monitoring.

Income Statement

The company shows strong recovery in revenue with a significant improvement in net income from losses in prior years to a solid profit in the latest period. The net profit margin improved notably, indicating enhanced profitability. However, the decline in revenue from the previous year suggests volatility, which is common in the travel industry.

Balance Sheet

The balance sheet highlights a strong equity position with a decreasing debt-to-equity ratio, showing improved financial stability. While total debt has remained relatively stable, the increase in stockholders' equity suggests effective management of resources. However, the equity ratio has declined slightly, indicating a need to monitor asset management closely.

Cash Flow

Positive free cash flow growth demonstrates effective cash management. Although operating cash flow has decreased compared to the previous year, the company maintains a healthy free cash flow to net income ratio, signaling efficient operations. However, fluctuations in cash flow from financing activities present potential risks.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	362.60M	328.40M	320.00M	364.30M	138.00M	51.33M
Gross Profit	190.40M	328.40M	126.10M	104.30M	-36.40M	-100.53M
EBITDA	124.60M	76.40M	162.50M	110.10M	-41.90M	-80.13M
Net Income	-190.10M	201.50M	72.70M	14.50M	-85.00M	-208.80M
Balance Sheet
Total Assets	1.70B	1.53B	1.80B	1.59B	1.42B	1.18B
Cash, Cash Equivalents and Short-Term Investments	481.10M	401.70M	673.40M	513.90M	433.70M	261.00M
Total Debt	250.60M	246.50M	239.50M	240.40M	316.00M	263.50M
Total Liabilities	1.10B	950.00M	859.50M	754.00M	673.00M	572.90M
Stockholders Equity	603.30M	575.10M	940.80M	834.20M	746.00M	607.10M
Cash Flow
Free Cash Flow	112.20M	34.10M	142.40M	12.70M	21.90M	-46.50M
Operating Cash Flow	113.10M	77.80M	183.80M	14.50M	43.30M	-32.10M
Investing Cash Flow	-32.55M	-62.70M	-76.80M	-34.00M	-48.40M	-14.40M
Financing Cash Flow	-227.55M	-295.00M	1.80M	-83.50M	153.90M	101.90M

WEB Travel Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WEB, the sentiment is Negative. The current price of 3.02 is below the 20-day moving average (MA) of 3.04, below the 50-day MA of 3.81, and below the 200-day MA of 4.29, indicating a bearish trend. The MACD of -0.32 indicates Negative momentum. The RSI at 24.96 is Positive, neither overbought nor oversold. The STOCH value of 16.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WEB.

WEB Travel Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CTD	74 Outperform	AU$2.35B	36.55	7.19%	1.37%	-4.98%	-42.11%
HLO	66 Neutral	AU$240.61M	2.44	9.92%	7.57%	-14.10%	-5.99%
FLT	62 Neutral	AU$2.50B	13.27	8.85%	2.63%	2.70%	-22.30%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
WEB	54 Neutral	AU$931.00M	13.26	-12.34%	―	-8.73%	-99.88%
SDR	47 Neutral	AU$872.83M	-86.22	-26.22%	―	17.65%	3.70%
JAY	42 Neutral	AU$8.69M	-0.19	62.83%	―	-55.08%	65.45%

WEB Travel Group Corporate Events

UBS Exits Substantial Shareholding in WEB Travel Group

UBS Group AG and its related entities have notified WEB Travel Group Limited that they have ceased to be a substantial shareholder in the company as of 11 March 2026, following changes in their relevant interest in the firm’s voting securities. The exit of a major institutional holder may alter the company’s share register dynamics and could affect market perceptions of its stock, although the filing does not provide detail on the rationale or the new holders of the released shares.

The notice confirms that there have been no new or changed associate relationships linked to UBS’s holding in WEB Travel Group, and no other parties are disclosed as acting in concert regarding these voting interests. This simplifies the ownership structure around this stake and leaves open questions for investors about which institutions or investors may have increased their positions as UBS reduced its exposure below the substantial holding threshold.

The most recent analyst rating on (AU:WEB) stock is a Buy with a A$6.40 price target. To see the full list of analyst forecasts on WEB Travel Group stock, see the AU:WEB Stock Forecast page.

Australian Retirement Trust Exits Substantial Holder Position in WEB Travel Group

Australian Retirement Trust Pty Ltd, acting as trustee for Australian Retirement Trust, has notified WEB Travel Group Limited that it has ceased to be a substantial holder in the company as of 2 March 2026. The change follows a previous substantial holding notice lodged in November 2025 and reflects a reduction in its voting interest below the regulatory disclosure threshold, signaling a shift in the company’s institutional investor mix and potentially altering the balance of influence among major shareholders.

No new associates were disclosed in connection with this change, and the cessation appears limited to adjustments in relevant interests rather than changes in broader ownership structures. The move may affect perceptions of institutional support for WEB Travel Group, though the detailed transaction history and consideration involved are contained in an annexure and not disclosed in this notice.

The most recent analyst rating on (AU:WEB) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on WEB Travel Group stock, see the AU:WEB Stock Forecast page.

Web Travel Group CFO Reverses Resignation to Support Growth Strategy

Web Travel Group has announced that Chief Financial Officer Tony Ristevski has withdrawn his resignation and will continue in the role, reversing his previously flagged departure. The company’s managing director and board emphasized that his deep institutional knowledge and continuity are critical as the group executes its growth strategy, underscoring the importance of stable financial leadership for its long-term expansion plans.

Ristevski said his decision followed further discussions with the managing director and the board about the company’s future and his role in supporting it. His retention is expected to provide stability for stakeholders and maintain momentum behind Web Travel Group’s strategic and long-term growth objectives at a time when consistent executive oversight is seen as vital to the business.

The most recent analyst rating on (AU:WEB) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on WEB Travel Group stock, see the AU:WEB Stock Forecast page.

Macquarie Group Exits Substantial Holding in Web Travel Group

Macquarie Group Limited and its controlled entities have notified Web Travel Group that they have ceased to be a substantial shareholder in the company as of 6 February 2026. The change in Macquarie’s relevant interest and association status, formally lodged under Australia’s Corporations Act, signals a reduction of institutional ownership that may alter Web Travel Group’s share register dynamics and potentially affect market perceptions of its institutional backing.

The notice, signed by Macquarie’s assistant company secretary, confirms that various Macquarie Group entities have changed or ended their association in relation to Web Travel Group’s voting securities. While the filing does not detail the commercial rationale, the exit of a major financial institution from a substantial holding can influence liquidity, future governance alignments, and the balance of influence between institutional and other investors in the company.

The most recent analyst rating on (AU:WEB) stock is a Hold with a A$4.40 price target. To see the full list of analyst forecasts on WEB Travel Group stock, see the AU:WEB Stock Forecast page.

Web Travel Group Schedules Investor Briefing on Audit Notice and Trading Update

Web Travel Group has scheduled an investor and analyst conference call to discuss an audit notice recently advised to the ASX and to provide an update on current trading conditions. The briefing will be delivered via webcast and conference call, with pre-registration encouraged, and is accompanied by a presentation intended to give additional background and facilitate Q&A with stakeholders.

The company is emphasizing accessibility for participants by offering both streaming and dial-in options, allowing investors who wish to pose questions to join by phone during the Q&A segment. This structured communication effort signals management’s intention to address market concerns around the audit notice and maintain active dialogue with investors regarding operational and financial performance.

The most recent analyst rating on (AU:WEB) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on WEB Travel Group stock, see the AU:WEB Stock Forecast page.

Web Travel Group Says No Undisclosed Information Behind Share Price Moves

Web Travel Group has responded to an ASX price query, stating it is not aware of any undisclosed information that could explain recent volatility in its share price and confirming that its earnings for the year ending 31 March 2026 are not expected to differ materially from existing market expectations or guidance. The company maintains that its recent announcement about a Spanish tax audit is not market sensitive under ASX rules, characterising the disclosure as a proactive response to overseas media coverage rather than a reaction to investor concerns, and has affirmed its ongoing compliance with ASX continuous disclosure obligations and that its responses were duly authorised.

The most recent analyst rating on (AU:WEB) stock is a Buy with a A$6.15 price target. To see the full list of analyst forecasts on WEB Travel Group stock, see the AU:WEB Stock Forecast page.

Web Travel Group Faces Spanish Tax Audit of Local Subsidiary

Web Travel Group Limited has disclosed that the Special Delegation of the Balearic Islands of the Spanish Tax Agency has initiated an audit of its Spanish subsidiary, covering direct taxes from April 2021 to March 2024 and indirect taxes from January 2022 to December 2025. The company stated it is cooperating with the authorities and committed to meeting its continuous disclosure obligations, indicating that further updates will be provided as necessary, which may have implications for its tax position in Spain and will be closely watched by investors and other stakeholders.

The most recent analyst rating on (AU:WEB) stock is a Buy with a A$6.15 price target. To see the full list of analyst forecasts on WEB Travel Group stock, see the AU:WEB Stock Forecast page.

WEB Travel Group Issues 111,500 New Ordinary Shares on Option Conversion

WEB Travel Group Limited has notified the ASX of the issue of 111,500 new ordinary fully paid shares, following the exercise or conversion of previously unquoted options or convertible securities. The new shares, issued on 31 December 2025, modestly increase the company’s share capital and reflect the utilisation of existing equity-linked incentives, which may slightly dilute existing shareholders while signalling underlying confidence from holders of those securities.

The most recent analyst rating on (AU:WEB) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on WEB Travel Group stock, see the AU:WEB Stock Forecast page.