Is Web Travel Group’s 38% Share Price Decline a Mispricing Opportunity?
Web Travel Group (ASX:WEB) has experienced a 38% decline in its share price over the past year, raising questions about whether this represents a mispricing opportunity for value investors. The stock’s underperformance contrasts sharply with its underlying financial performance, which includes robust growth in Total Travel Value (TTV) and a disciplined capital structure. However, recent accounting restatements and margin compression complicate the valuation picture. This analysis evaluates whether the stock’s current price reflects fundamental dislocation or a warranted correction.
Fundamental Resilience Amid Share Price Weakness
Web Travel Group’s FY25 results, released in April 2025, revealed a 22% increase in WebBeds TTV to…