Added to YB: 2026-03-06
Pitch date: 2026-03-04
WEB.AX [bullish]
Web Travel Group Limited
Author Info
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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
N/A
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
turnaround
Walden 3 Research | February Portfolio New Position: Web Travel Group Limited
WEB.AX (new position): Down 37% on Spanish tax audit at Mundo subsidiary (2021-2025). Reaction overdone: audit early stage (questionnaire only), 1 of 2 Spanish entities. Mgmt reaffirmed FY guide AUD 147-155M EBITDA, ~AUD 450M cash. Each AUD 100M tax liability = only ~5% fair value decline (AUD 0.30/share). Prior margin compression & restatement created asymmetric selloff.
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