Webjet Limited (WEB)
Views and News
Essentials
Half-year Performance & Estimates - WEB
| Year-end June | 1H12A | FY12A | 1H13A | FY13A | 1H14A | FY14E | FY15E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 28.2 | 57.7 | 31.9 | 72.9 | 50.0 | 104.0 | 112.0 |
| EBITDA, $m | 8.9 | 18.3 | 9.1 | 12.3 | 12.8 | 22.8 | 26.9 |
| EBIT, $m | 8.5 | 17.7 | 8.5 | 10.3 | 11.4 | 19.9 | 23.5 |
| Report NPAT, $m | 5.9 | 13.7 | 5.7 | 6.5 | 9.1 | ||
| Adj. NPAT, $m | 9.1 | 16.1 | 18.2 | ||||
| Reported EPS, ¢ | 8.00 | 19.00 | 8.00 | 9.00 | 12.00 | ||
| Adjusted EPS, ¢ | 12.00 | 19.90 | 22.00 | ||||
| EPS %FY/Growth | 42% | 89% | -53% | 50% | 121% | 11% | |
| Dividend, ¢ | 6.0 | 13.0 | 6.0 | 13.0 | 6.25 | 14.00 | 16.00 |
| Franking, % | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| EBITDA Margin | 0 | 32% | 28% | 17% | 26% | 21.9% | 24.0% |
| NPAT Margin | 0 | 24% | 18% | 9% | 18% | 15.5% | 16.3% |
| ROE, % | 0 | 42% | 10% | 11% | 14% | ||
| EBIT/Interest | 0.0 | -11.1 | 0.0 | -8.6 | 139.1 | ||
| Net Debt / Equity | 0 | -1.02 | -0.93 | -1.1 | -0.70 | ||
| CashFlow/Sh, ¢ | 7.5 | 24.2 | 4.7 | 32.6 | -14.1 | 25.1 | 30.0 |
| Y/E Shares, m | 73.0 | 71.1 | 78.1 | 79.4 | 79.4 |
| Notes |
| Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns except the first half years which show their percentage of full year EPS. In a handful of cases, unadjusted share splits, or changes between positive and negative values, may give strange changes in ratios. |
Recent News Highlights
As at 29/06/2012 : see details at www.webjet.com.au (new window? Shift+Click)
| 28/06/2012 Launch B2B MidEast Hotel Aggregation Platform (aim $20m TTV 1st full year, invest $1.5m) |
| 08/01/2012 Results 1H12: strong growth on all metrics, TTV (Total Ticketing Value) growth outstripping competitors |
| 27/01/2012 Share Buy-back Continuing Nov 2011-Jan-12 |
Russell Research in the media
Stock Picks for Sunday Herald Sun – 28 July 2013
BUY Webjet (WEB), $4.72
Online travel brand Webjet is debt-free and an achiever. In 2014 it expects profits in Asia, US, South Africa, Middle East, Hotels and more again in Australia.
Stock Picks for Sunday Herald Sun – 4 November 2012
BUY Webjet Limited, WEB, $3.94
Australia's largest online travel agency has grown at over 20 per cent for years. Its website innovation will continue this.
Stock Picks for Sunday Herald Sun - 12 February 2012
BUY: Webjet Limited, WEB, $2.90
Australia’s leading online travel service is setting new ticketing and profit records and outstrips competition.
Wave Chart
Company Overview
Profile
Webjet
Rating: ♣
Category: Potent Stock ; Midcaps
Action:
Website: www.webjet.com.au
| ASX code: | WEB |
| Closing Price, 20/06/14: | $ 2.360 |
| Market Capitalisation: | $ 187 million |
| 52 Week High: | $ 4.82 |
| 52 Week Low: | $ 2.22 |
| Sector: | Internet Retail |
| Index: | S&P/ASX 300 Index |
Summary of Fundamentals
| Year-end June | FY12A | FY13A | FY14E | FY15E |
|---|---|---|---|---|
| NPAT, $m | 13.7 | 6.5 | 16.1 | 18.2 |
| Reported EPS, ¢ | 19.00 | 9.00 | ||
| Adjusted EPS, ¢ | 14.40 | 19.90 | 22.00 | |
| EPS Growth, % | 36% | -24% | 38% | 11% |
| P/E Ratio, x | 12.42 | 16.39 | 11.86 | 10.73 |
| Dividend, ¢ | 13.0 | 13.0 | 14.00 | 16.00 |
| Franking, % | 100% | 100% | 100% | 100% |
| Div. Yield, % | 5.51 | 5.51 | 5.93 | 6.78 |
Notes
| Our Adjusted EPS is used for the last year and forward estimates and as basis for EPS Growth and P/E Ratio. We currently use Reported data for all historic NPAT, for the prior year EPS and as base for last year EPS growth. |
| Data & Chart sourced from IRESS Market Technology Ltd. |
One Year Chart
As at 23 June 2014
Other Highlights
| Sector: | Internet Retail |
| Return on Equity, FY13 : | 11% |
| Net Debt to Equity, FY13 : | -110 % |
| EBIT / Interest Cover, FY13 : | -8.62 x |
| Gicscode: | 25502020 |
| First Listed: | 18-Dec-97 |
Business Activities
Webjet Limited (WEB) is an online travel service provider, offering flight bookings, hotel, car and other services. Operating mainly through its well-known website, it is a licensed travel agent and member of IATA .
Glossary:
| ♠ | "A Core Stock" - reliable long-term yield & growth |
| ♥ | "We like it" - a seasoned performer, growth & yield |
| ♦ | "A tough scout" - creating a potential breakthrough |
| ♣ | "A steady performer" - giving reliable yield or growth |
| Best Stocks | Portfolio of selected attractive investments |
| Potential | Stocks that may have good improvement prospects |
| Speculative | More risky usually smaller stocks with spec. upside |
| Midcaps | In RR Midcap Index, $ 70m to 1,500m market cap. |
| Large Stocks | Larger Stocks upwards of $ 1,500m market cap |