Insights

How has the Webjet (ASX:WEB) share price performed since reporting FY21 results?

The company’s FY21 revenues took a big hit from pandemic travel restrictions.
The post How has the Webjet (ASX:WEB) share price performed since reporting FY21 results? appeared first on The Motley Fool Australia. –

The Webjet Limited (ASX: WEB) share price is tumbling, down 2.5% in late afternoon trade to $5.77 per share.

It’s not just Webjet’s share price in retreat though. The S&P/ASX 200 Index (ASX: XJO) is down 2.3% at this same time.

With 4 months now having come and gone since Webjet reported its full 2021 financial year results (FY21), we take a look at how the travel agency has been faring since reporting.

Along with a brief recap of its results…

What FY21 results did the ASX 200 travel share report?

The Webjet share price was in sharp focus on 19 May, the day the company reported its FY21 results before market open.

Among the core results, Webjet saw its revenues plunge, falling from $266.1 million in FY20 to $38.5 million in FY21.

The travel company’s underlying losses more than doubled year-on-year, to an $88.8 million loss, compared to an underlying loss of $42.3 million the previous financial year.

On the positive end of the ledger, Webjet’s balance sheet was strong, with $431 million pro forma cash on hand.

Webjet did not pay an interim or final dividend in FY21.

Commenting on the pandemic stymied results and the company’s ability to bounce back quickly when travel resumes, Webjet’s managing director, John Guscic said:

We know there is strong demand for travel – we’ve seen that with the performance of Webjet OTA, with Australian domestic bookings reaching 95% of pre- Covid bookings in April. Webjet OTA has always had a key strength in servicing the domestic leisure market and our ability to scale costs in line with demand meant it was profitable as soon as borders opened.

How has the Webjet share price performed since reporting results?

The Webjet share price gained 0.6% on 19 May, following the release of its FY21 results. Since then, Webjet shares are up 24%.

By comparison the ASX 200 is up 3% over that same period.

The post How has the Webjet (ASX:WEB) share price performed since reporting FY21 results? appeared first on The Motley Fool Australia.

Should you invest $1,000 in Webjet right now?

Before you consider Webjet, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Webjet wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Leading brokers name 3 ASX shares to buy today

How have these 3 ASX 200 travel shares performed since reporting results?

2 ASX travel shares to consider buying

Is it too late to buy Qantas (ASX:QAN) and other ASX travel shares?
To buy, hold or sell? Experts weigh in on the Webjet (ASX:WEB) share price

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!