Professional
Added to YB: 2024-06-11
Pitch date: 2024-06-10
WEB.AX [bullish]
Web Travel Group Limited
-52.92%
current return
Author Info
Sweet Stocks is a former portfolio manager at an international small cap fund who shares pitches for international equities. Sign up for his blog.
Company Info
Web Travel Group Limited provides online travel booking services in Australia, the United Arab Emirates, the United Kingdom, and internationally.
Market Cap
AUD 1.1B
Pitch Price
AUD 7.71
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.82
P/E
2.2K
EV/Sales
2.22
Sector
Hotels, Restaurants and Leisure
Category
special_situation
Webjet – don’t stop me now
WEB.AX: WebBeds (B2B hotel bedbank) & Webjet (Aus flight OTA) to separate. WebBeds: Grown TTV from A$0 to A$4B, 59% USD EBITDA growth '19-24E w/ global expansion. Webjet: Mature but 50%+ Aus flight OTA share, 39% EBITDA margin. 15x Mar'27E P/E w/ 23% WebBeds & 3% Webjet earnings growth. Risks: execution, competition.
Read full article (21 min)