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WEBJET GRP FPO [WJL]
Consumer Cyclical · Travel Services
Updated just now
$0.39
MARKET CAP
$150.96M
P/E RATIO
30.1
DIV. YIELD
10.3%
FRANKING
100%
Webjet Group Limited engages in B2C online travel business. It offers Webjet OTA, an online travel agency that enables customers to compare, combine, and book domestic and international travel flight deals, hotel accommodation, holiday package deals, travel insurance, and car hire worldwide.
View full descriptionThe Warsi Rating combines two proven approaches: value investing principles and dividend strategy. A stock must score 70+ on both to be rated Solid or higher.
Business quality and balance-sheet durability.
How much the company owes vs. what it owns
Excellent. Very low debt (0.02) means strong financial flexibility and minimal bankruptcy risk.
Current Snapshot
Current D/E
0.02x
Industry Limit
1.50x
Headroom
+1.48x
Why It Matters
Debt-to-equity shows balance-sheet risk. Lower leverage usually means more flexibility when earnings soften.
Formula
Total Debt / Shareholders' EquityMethod
Compare current D/E against the industry threshold used in the scoring framework, then assess remaining headroom.
Worked Example
This company's D/E is 0.02, meaning it carries 2 cents of debt for every $1 of equity. The consumer cyclical & retail limit is 1.50, leaving 1.48 of headroom.
How to Interpret
Lower values generally imply lower refinancing pressure and lower dividend stress in downturns.
Very low debt means this company has maximum flexibility. They won't need to cut dividends to service loans during downturns - your income stream is protected by a fortress balance sheet.
Sources
Profit after production costs, before overhead
Exceptional 100.0% margins indicate strong pricing power and brand value.
Current Snapshot
10Y Avg
100.0%
Threshold
40%
Worst Year
100.0%
Why It Matters
Gross margin indicates how much room a business has to absorb costs and still generate profit.
Formula
(Revenue - Cost of Goods Sold) / Revenue x 100Method
Assess both the long-term average and the weakest year. The framework checks for both level and consistency.
Worked Example
This company's 2-year average gross margin is 100.0% — it keeps 100 cents of every revenue dollar after production costs. The threshold is 40%, and the weakest year was 100.0%.
How to Interpret
Sources
Short-term assets vs. short-term debts
Profit generated per $1 of shareholder investment
3.0% average is below the 15% threshold. This suggests the business may lack a durable competitive advantage.
Current Snapshot
10Y Avg
3.0%
Threshold
15.0%
Worst Year
2.5%
Why It Matters
ROE shows how effectively management turns shareholder capital into profit. High and stable ROE can signal pricing power, cost discipline, or both.
Formula
Net Income / Shareholders' Equity x 100Method
Use the 10-year average ROE and review the weakest year to check whether returns stayed resilient across cycles.
Worked Example
This company's 10-year average ROE is 3.0%, meaning each $1 of shareholder equity generates $0.03 in annual profit. The threshold is 15%, and the worst single year was 2.5%.
How to Interpret
Sources
Real cash left after running the business
Negative free cash flow means the company is consuming cash. May need to raise debt or equity to fund operations.
Current Snapshot
Current FCF
$-26M
Pass Rule
> $0
Status
Negative
Why It Matters
Free cash flow is the cash available after core operating and capital needs. It is central to dividend capacity.
Formula
Operating Cash Flow - Capital ExpendituresMethod
Review whether free cash flow is consistently positive and whether it is sufficient relative to dividends and debt needs.
Worked Example
This company generated $-26M in free cash flow — cash left after operating costs and capital expenditure. Negative FCF means the company is consuming more cash than it generates.
How to Interpret
Persistently negative free cash flow can force reliance on borrowing or equity issuance to maintain payouts.
Negative cash flow means dividends may require borrowing - an unsustainable situation. The company is spending more cash than it generates, which can't continue indefinitely.
Sources
Price versus estimated intrinsic value and required return thresholds.
What percentage of the stock price comes back as earnings each year
How efficiently the company turns money into profit
Exceptional 37.8% ROIC indicates a strong competitive advantage and efficient use of capital.
Current Snapshot
5Y Avg
37.8%
Threshold
11.0%
WACC Delta
+28.8pp
Why It Matters
ROIC measures capital efficiency. Businesses that repeatedly earn above their funding cost can compound value more effectively.
Formula
After-Tax Operating Profit / Invested Capital x 100Method
Use the 5-year average ROIC and compare it with industry WACC plus the required spread in this framework.
Worked Example
This company's 5-year average ROIC is 37.8%, with a cost of capital (WACC) of 9.0%. The +28.8pp spread above WACC suggests it creates value on each dollar invested.
How to Interpret
Sources
Is the business growing — and is debt being managed responsibly?
Current Snapshot
Revenue Change
-2.2%
Debt Change
+25.9%
Trend State
Mixed
Why It Matters
Revenue trend shows whether the business is expanding or contracting. Debt trend adds context on whether growth is being funded conservatively.
Formula
Revenue Change (%) = (Latest Revenue - Earliest Revenue) / |Earliest Revenue| x 100; Debt Change (%) = (Latest Debt - Earliest Debt) / |Earliest Debt| x 100Method
Map annual revenue history and, where relevant, annual debt history. For financial companies, debt is excluded because deposits and reserves distort this signal.
Worked Example
Revenue changed by -2.2% across the displayed period, while debt changed by +25.9%.
How to Interpret
Rising revenue with stable or falling debt is typically stronger than rising revenue funded by rapidly rising leverage.
Review revenue and debt direction together with cash-flow and payout metrics to assess dividend durability.
Sources
Annual dividends as percentage of stock price
Webjet Group Limited engages in B2C online travel business. It offers Webjet OTA, an online travel agency that enables customers to compare, combine, and book domestic and international travel flight deals, hotel accommodation, holiday package deals, travel insurance, and car hire worldwide. It also provides Airport Rentals, a car rental booking; Motorhome Republic that compares motorhome rental brands; Webjet Business Travel, a tech-first, client-centric corporate travel provider for Australian and New Zealand; and Trip Ninja, a technology which automates the manual process of selling multi-stop travel itineraries. Webjet Group Limited was founded in 1998 and is based in Melbourne, Australia.
Webjet Group Limited was formerly a subsidiary of Webjet Limited.
Who owns the company's shares and how much leadership has at stake
When leaders own 20%+, they win when you win and lose when you lose
A handful of professional investors are watching
Shares freely traded on the ASX by individual investors like you
The people running this company own a large chunk of it (28.1%). When leadership has their own money on the line, they tend to make decisions that benefit all shareholders — not just their salary. Professional fund managers also hold shares, which is a vote of confidence in the business.
Current Snapshot
Insider %
28.1%
Institutional %
25.9%
Float %
46.0%
Why It Matters
Ownership mix affects governance incentives, liquidity, and share-price behaviour under large portfolio rebalancing flows.
Formula
Public Float (%) = 100 - Insider Ownership (%) - Institutional Ownership (%)Method
Use reported ownership percentages, convert to percentage terms, and compute remaining public float as the residual.
Worked Example
If insiders own 28.1% and institutions own 25.9%, public float is 46.0%.
How to Interpret
Higher insider ownership can improve alignment of incentives, while dominant institutional concentration can amplify short-term price moves.
The people running this company own a large chunk of it (28.1%). When leadership has their own money on the line, they tend to make decisions that benefit all shareholders — not just their salary. Professional fund managers also hold shares, which is a vote of confidence in the business.
Sources
| Date | Insider | Type | Shares | Value |
|---|---|---|---|---|
| 19 May 2026 | Clarke (Donald) Retired | Unknown | 165K | — |
| 19 May 2026 | Weiss (Gary Hilton) Director (Non-Executive) | Unknown | 52.1M | — |
| 1 May 2026 | Weiss (Gary Hilton) Director (Non-Executive) | Unknown | 71.7M | — |
| 30 June 2025 | Holman (Bradley) Former | Unknown | 272K | — |
Company insiders have been net buyers of shares over the past 12 months. This may indicate management confidence in future prospects.
There isn't enough financial data available for WEBJET GRP FPO [WJL] to calculate value or dividend scores.
•Value: Missing core financial metrics (ROE, debt, margins)
•Dividend: No dividend history available
This is common for small-cap companies, recent listings, or exploration-stage companies.
Market data sourced from third-party financial data providers. Analysis generated using Warsi Criteria — proprietary scoring algorithms for value investing and dividend income analysis. Not financial advice. Learn how we analyse stocks →
Sustained high margins usually support durability. Sharp margin swings can signal weaker control or cyclical pressure.
Exceptional margins mean the company has strong pricing power - customers pay premium prices even when cheaper alternatives exist. This buffer protects profits (and dividends) even if costs rise.
Adequate liquidity. 1.58 ratio meets Buffett's 1.5 target.
Current Snapshot
Current Ratio
1.58x
Warning Floor
1.00x
Target
1.50x
Why It Matters
Liquidity supports operational stability. Companies with weak liquidity can face pressure even when long-term fundamentals are sound.
Formula
Current Assets / Current LiabilitiesMethod
Compare the current ratio to the warning floor and target level used in the framework.
Worked Example
This company's current ratio is 1.58x — it has $1.58 in short-term assets for every $1 of short-term liabilities. The target is 1.5x, with a warning floor at 1.0x.
How to Interpret
Ratios above the target suggest healthier short-term resilience; ratios below 1.0x can indicate immediate funding risk.
Ample cash reserves mean the company can pay dividends even during temporary revenue drops. Your income has a buffer against short-term disruptions.
Sources
Higher and steadier ROE generally supports stronger long-term compounding. Large drawdowns in weak years can point to fragility.
Lower ROE means your investment compounds more slowly. At 3.0%, this business needs more capital to generate the same returns as competitors. Consider whether other strengths (yield, stability) compensate for weaker profitability.
3.3% earnings yield is below the 7.5% threshold. You'd earn nearly as much from safer government bonds, which means the extra risk of owning shares isn't being compensated.
Current Snapshot
Current Yield
3.3%
Required Yield
7.5%
Spread
-4.2pp
Why It Matters
Earnings yield reframes valuation as return on price paid. It helps compare equity earnings power against lower-risk alternatives.
Formula
(Earnings per Share / Stock Price) x 100Method
Calculate current earnings yield, then compare it to the required yield for the stock's industry setting.
Worked Example
With EPS of $0.01 and a share price of $0.39, earnings yield is 3.3%. The required yield for this industry is 7.5% (based on 4.5% government bond rate plus a risk premium).
How to Interpret
A yield above the required level suggests better valuation support; below it indicates thinner compensation for equity risk.
Returns don't justify the added risk compared to safe bonds. Consider whether the dividend yield alone compensates, or wait for a better price.
Sources
A healthy spread above WACC suggests value creation; a narrow or negative spread points to weaker capital efficiency.
Exceptional returns on capital mean every dollar reinvested creates significant value. This is the engine that can power both capital appreciation and growing dividends.
Consistency of profits over time
1/1 positive EPS years. Limited data - full evaluation requires 8+ years. Monitor closely for consistency.
Current Snapshot
Positive Years
1/1
Allowed Losses
0 (limited)
EPS CAGR
N/A
Why It Matters
Consistency in EPS helps distinguish resilient earnings power from one-off performance spikes.
Formula
Positive EPS Years / Available EPS YearsMethod
For 8+ years of data, apply industry-specific loss tolerance. For limited data, every available year must be positive.
Worked Example
This company reported positive earnings in 1 of the last 1 years. With only 1 years of data, every year must be positive.
How to Interpret
Fewer loss years and stronger EPS continuity generally improve confidence in future dividend and valuation assumptions.
So far so good, but limited history means we haven't seen how this company handles a full economic cycle. Monitor closely for continued consistency.
Sources
Percentage of revenue that becomes profit after all expenses
2.6% net margin is below the 5% threshold. May reflect this sector's structural characteristics.
Current Snapshot
Current Margin
2.6%
Threshold
5.0%
Relative Position
-2.4%
Why It Matters
Net income margin shows how much profit the business keeps from each dollar of revenue after all costs.
Formula
Net Income / Total Revenue x 100Method
Compare current margin with the industry-specific threshold to avoid cross-sector distortions.
Worked Example
This company's net income margin is 2.6% — it keeps 3 cents of every revenue dollar as profit after all expenses. The consumer cyclical & retail threshold is 5%, putting it 2.4% below the requirement.
How to Interpret
Margins that are both strong and stable can indicate competitive strength; persistent weakness may limit reinvestment and payout capacity.
Lower margins in this sector are common, but they leave less cushion if costs rise or revenue drops. Monitor whether margins are stable over time — consistency matters more than the absolute level.
Sources
How much earnings are consumed by capital expenditure
CapEx consumes 511% of cumulative earnings — above the 50% threshold. This business requires heavy reinvestment just to maintain operations.
Current Snapshot
10Y CapEx Intensity
511%
Threshold
50%
Buffer
-461%
Why It Matters
CapEx intensity estimates how much of earnings must be reinvested just to sustain operations.
Formula
Cumulative CapEx (10yr) / Cumulative Net Income (10yr) x 100Method
Aggregate 10-year CapEx and net income, then compare the ratio with the sector threshold in the framework.
Worked Example
Over 10 years, 511% of this company's cumulative earnings were consumed by capital expenditure. The consumer cyclical & retail threshold is 50%, leaving a buffer of -461% (over threshold).
How to Interpret
Lower ratios usually indicate better cash conversion. Higher ratios can reduce room for dividends and buybacks.
High capital intensity means most earnings go back into equipment and infrastructure rather than dividends or growth. Buffett prefers businesses like See's Candies that generate cash without needing much reinvestment.
Sources
Insufficient dividend history. Barsi methodology requires 6 years of data to calculate average yield.
Current Snapshot
6Y Avg Yield
N/A
6% Requirement
6.0%
Gross Yield
N/A
Why It Matters
Yield translates dividend income into a percentage of the price paid, which is central to income-first screening.
Formula
Annual Dividends per Share / Stock Price x 100Method
Use the 6-year average annual dividend for consistency and compare the result with the 6% framework requirement.
Worked Example
If annual dividends are $0.60 and the share price is $10, dividend yield is 6.0%.
How to Interpret
Higher sustainable yield improves upfront income, but unusually high yields may reflect elevated risk or weak coverage.
Without 6 years of dividend history, we can't assess whether the yield is sustainable or a one-time spike. More data is needed to evaluate income potential.
Sources
Track record of consistent dividend payments
| Ex-Date | Pay Date | Gross | Franking | Net | Credit |
|---|---|---|---|---|---|
| 27 May 2026Final | 10 June 2026 | $0.03 | 100% | $0.02 | $0.01 |
| Ex-Date | Pay Date | Gross | Franking | Net | Credit |
|---|---|---|---|---|---|
| 27 Nov 2025Final | 25 Dec 2025 | $0.02 | 0% | $0.02 | $0.00 |
Only 2 years of dividend history available. Barsi methodology requires 6+ years to evaluate consistency.
Current Snapshot
History
2yr
Predictability
N/A
Payout Health
N/A
Why It Matters
Payment consistency is a direct test of dividend reliability. Large cuts or skips often appear before confidence recovers.
Formula
Consecutive Years = count of years with dividend payments and no disqualifying skip/cut eventsMethod
Require at least 6 years of history, then check for skipped years and large cuts, allowing approved systemic-event exceptions.
Worked Example
This company has 2 years of dividend history (2025–2026). No suspensions detected — 2 consecutive years of payments. Predictability: N/A. Payout health: N/A. The minimum requirement is 6 years.
How to Interpret
Longer uninterrupted records generally signal stronger income reliability than high yield alone.
Without 6 years of history, we can't verify this company maintained dividends through economic cycles. Longer track records provide confidence your income will continue.
Sources
Industry category of the business
Consumer Cyclical is not a BESST sector. Non-BESST stocks receive a lower base score but can still qualify with exceptional dividend metrics.
Current Snapshot
Industry
Travel Services
BESST Match
No
Score Impact
No bonus
Why It Matters
Sector classification helps contextualise risk and demand durability, which can materially affect dividend stability.
Formula
BESST Match = Sector in {Banks, Energy, Sanitation, Insurance, Telecom}Method
Match company sector or industry against BESST categories. A match adds scoring support but does not replace core dividend checks.
Worked Example
This company operates in Travel Services (Consumer Cyclical sector). It does not match a BESST sector, so it receives the standard base score. Non-BESST stocks can still qualify with strong dividend metrics.
How to Interpret
BESST alignment is a positive context signal. Non-BESST stocks can still qualify with strong yield and dividend consistency.
Non-essential businesses face demand drops during recessions — discretionary spending is first to be cut. This increases cyclical risk for dividends, but companies with decades of consistent payments can still demonstrate durability.
Sources
How much of a company's earnings are paid out as dividends
The company is paying out more in dividends than it earns (225%). This is unsustainable long-term and often signals a dividend cut ahead. An inflated payout also distorts the price ceiling calculation used in our analysis.
Current Snapshot
Latest Ratio
224.7%
Healthy Range
30%-75%
Zone
Unsustainable
Why It Matters
Payout ratio links dividends to earnings capacity and helps evaluate whether current distributions are likely to remain supportable.
Formula
Payout Ratio (%) = (Annual Dividend per Share / Earnings per Share) x 100Method
Calculate year-by-year payout ratios where EPS is positive, classify each year by sustainability zone, and compare with the current TTM ratio.
Worked Example
$0.02 dividend / $0.01 EPS equals 156.3% payout ratio.
How to Interpret
Ratios in the middle range are usually more sustainable than very high ratios. Values above 100% indicate dividends exceeded earnings in that period.
The company is paying out more in dividends than it earns (225%). This is unsustainable long-term and often signals a dividend cut ahead. An inflated payout also distorts the price ceiling calculation used in our analysis.
Sources
Helloworld Travel Limited
Flight Centre Travel Group Limited
Corporate Travel Management Limited
Cash Converters International Limited
MaxiPARTS Limited
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