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Web Travel Group (WEB) Fair Value & Analysis

Consumer Cyclical · AU · Market cap A$925M

WT Web Travel Group WEB · AU
PriceA$3.43
Fair ValueA$2.16
Upside-37.0%
Quality64/100
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Mixed Growth
Thin margins · 9.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/14)
Moderate moat 51/100
Evidence: High Range A$1.62 – A$2.70 Share as image

Fair value as of: Jul 14, 2026

From 24 valuation models · updated 26 days ago

Fair value updated Jul 14, 2026, revised from A$4.90 to A$2.16 (−55.9%) since Jun 24, 2026. Share price +25.2% over the past month.

A solid business, but screening 37% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (A$2.70). The favourable scenario is already priced in.
  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

A$9.25 A$2.23 Fair Value A$2.16 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range A$2.23 – A$9.25 · fair‑value band A$1.62 – A$2.70 · the A$3.43 price screens above the A$2.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Web Travel Group (WEB) currently trades at A$3.43, while our model-based Fair Value estimate is A$2.16, implying the stock looks roughly 37.0% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Web Travel Group generated revenue of A$394M at a net margin of 9.0%. Revenue grew 19.9% year over year. It earns a return on equity of 6.1%. The balance sheet holds a net cash position of A$193M. Fundamentals as of Jul 14, 2026

Our scenario range runs from A$1.62 (bear case) to A$2.70 (bull case); at A$3.43, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 33% below its 52-week high and 58% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -16% fair-value upside, at -37%, WEB screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF A$3.94 A$6.38 A$10.22 80
Residual Income A$1.19 A$1.20 A$1.14 76
Rev-Margin DCF A$2.51 A$3.70 A$6.08 74
All 24 models by family
DCF Models
FCF DCF A$4.16 A$5.81 A$10.73 38
Owner Earnings A$2.06 A$3.63 A$6.56 31
5Y Revenue Exit A$2.41 A$3.30 A$5.13 39
5Y EBITDA Exit A$4.18 A$6.88 A$12.17 41
5Y P/E Exit A$2.85 A$5.02 A$7.86 38
10Y Revenue Exit A$2.98 A$4.80 A$5.66 36
10Y EBITDA Exit A$4.20 A$8.29 A$15.32 37
10Y P/E Exit A$3.31 A$5.67 A$9.31 35
Earnings-Based
Graham-Dodd A$0.6700 A$4.65 A$6.53 54
Lynch FV A$2.08 A$2.98 A$3.87 50
PEG = 1.0 A$2.08 A$2.98 A$3.87 46
EPV A$2.41 A$2.66 A$2.87 59
Multiples
P/E Multiple A$1.62 A$2.16 A$2.70 63
P/S Multiple A$0.9800 A$1.31 A$1.63 58
P/B Multiple A$1.25 A$1.67 A$2.08 55
EV/EBIT A$4.28 A$5.52 A$6.75 53
EV/EBITDA A$4.13 A$5.32 A$6.50 54
EV/Revenue A$1.50 A$1.89 A$2.28 43
Asset-Based
NCAV (Graham) A$0.8000 A$1.08 A$1.61 50
Growth DCF
Growth DCF A$3.94 A$6.38 A$10.22 80
Rev-Margin DCF A$2.51 A$3.70 A$6.08 74
Economic Profit
Residual Income A$1.19 A$1.20 A$1.14 76
ROIC Compounder A$2.94 A$4.12 A$4.76 72
Growth Earnings
Growth-Adj P/E A$2.85 A$4.07 A$5.29 68

Widest divergence: DCF Models (A$5.02) versus Asset-Based (A$1.08). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) A$394M
Revenue growth (YoY) +19.9%
Net margin 9.0%
Return on equity 6.1%
Free cash flow A$95.2M FY2026
P/E ratio 23.8
More key figures
Operating margin 22.8%
EPS (TTM) A$0.1000
EPS growth (YoY) -86.0%
Net cash A$193M FY2026

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 61 · Market factors (momentum, volatility) 29

Profitability 27
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 90
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 29
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Web Travel Group Limited provides online travel booking services in Australia, the United Arab Emirates, the United Kingdom, Spain, and internationally.

Full company description

Web Travel Group Limited provides online travel booking services in Australia, the United Arab Emirates, the United Kingdom, Spain, and internationally. It offers WebBeds, an online marketplace for the travel trade that sources hotel inventory from hotel and travel suppliers, connects, and aggregates that content in their platform and distributes it to a network of travel buyers who sell to the travelling public. The company was formerly known as Webjet Limited and changed its name to Web Travel Group Limited in September 2024. Web Travel Group Limited was incorporated in 1980 and is based in Melbourne, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Web Travel Group reported revenue of A$394M in FY2026 versus A$138M in FY2022, a compound +30.0%/yr. Reported net income was A$35.5M in FY2026.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
A$394M
Latest YoY
+20.0%
Avg. growth/yr (3Y)
+2.7%
Avg. growth/yr (25Y)
+30.5%
Revenue +30.0%/yr
FY22 A$138M
FY23 A$364M
FY24 A$320M
FY25 A$328M
FY26 A$394M
Net income
FY22 −A$85.0M
FY23 A$14.5M
FY24 A$72.7M
FY25 A$202M
FY26 A$35.5M

WEB screens 37% overvalued. Compare with Booking Holdings →

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Cite: Fair Value Calculator (2026). "Web Travel Group Fair Value". https://www.fairvalue-calculator.com/stock/WEB

Peer Group

Travel Services · 90 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 64 · Top 25%
Fair Value upside −37% · Below median
Return on equity (TTM) 6% · Below median
Return on assets 4% · Above median
Net margin (TTM) 9% · Above median
Operating margin (TTM) 23% · Top 25%
Revenue growth 20% · Top 25%
Debt / equity 0.41× · Higher than median

Valuation Multiples vs Travel Services median · lower = cheaper

P/E (TTM) 25.6× · Pricier than median
P/B 1.12× · Cheaper than median
P/S (TTM) 1.66× · Pricier than median
P/FCF 6.9× · Pricier than median
EV/EBITDA 3.8× · Cheaper than 75% of peers
PEG 2.42× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 22
FUTURE 100 · sector 25
PAST 25 · sector 36
HEALTH 80 · sector 97
DIVIDEND 0 · sector 36

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Travel Services stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Booking Holdings BKNG $182.80 $152.94 -16%
Airbnb, Inc ABNB $148.62 $57.47 -61%
Royal Caribbean Cruises Ltd RCL $286.96 $215.19 -25%
Viking Holdings VIK $100.69 $43.51 -57%
Carnival Corporation CCL $26.41 $31.36 +19%
Expedia Group EXPE $268.77 $248.63 -7%
Trip.com Group TCOM $42.45 $88.82 +109%
Norwegian Cruise Line Holdings NCLH $19.46 $20.28 +4%
Global Business Travel Group GBTG $9.40 $4.17 -56%
Travel + Leisure Co TNL $73.27 $27.29 -63%

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Frequently asked questions

Is Web Travel Group (WEB) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of A$2.16 versus a price of A$3.43, about −37% (overvalued).
What is the fair value of WEB?
Our model-based fair value for Web Travel Group is A$2.16 (as of Jul 14, 2026), built from audited fundamentals. The current price is A$3.43.
What is the quality score of WEB?
Web Travel Group has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Web Travel Group (WEB)?
Web Travel Group reported trailing-twelve-month revenue of about A$394M (latest available figure, as of Jul 14, 2026).
What is the net profit margin of WEB?
The net profit margin of Web Travel Group is about 9.0%, meaning it keeps roughly 9.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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