MAKEMYTRIP LTD (MMYT) Stock Fundamental Analysis
NASDAQ:MMYT - Nasdaq - MU0295S00016 - Common Stock
MMYT gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 134 industry peers in the Hotels, Restaurants & Leisure industry. While MMYT has a great health rating, its profitability is only average at the moment. MMYT is valued quite expensively, but it does show have an excellent growth rating. These ratings would make MMYT suitable for growth investing!
1. Profitability
1.1 Basic Checks
In the past year MMYT was profitable.
MMYT had a positive operating cash flow in the past year.
In the past 5 years MMYT reported 4 times negative net income.
Of the past 5 years MMYT 4 years had a positive operating cash flow.
1.2 Ratios
MMYT has a Return On Assets of 13.22%. This is amongst the best in the industry. MMYT outperforms 90.08% of its industry peers.
MMYT has a Return On Equity of 20.17%. This is in the better half of the industry: MMYT outperforms 79.39% of its industry peers.
MMYT has a Return On Invested Capital (5.78%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.22% | ||
| ROE | 20.17% | ||
| ROIC | 5.78% |
ROA(3y)2.93%
ROA(5y)-7.36%
ROE(3y)4.38%
ROE(5y)-9.06%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 26.64%, MMYT belongs to the top of the industry, outperforming 98.47% of the companies in the same industry.
Looking at the Operating Margin, with a value of 11.83%, MMYT is in line with its industry, outperforming 58.02% of the companies in the same industry.
The Gross Margin of MMYT (71.67%) is better than 87.79% of its industry peers.
MMYT's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.83% | ||
| PM (TTM) | 26.64% | ||
| GM | 71.67% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.66%
GM growth 5Y2.43%
2. Health
2.1 Basic Checks
MMYT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, MMYT has more shares outstanding
MMYT has more shares outstanding than it did 5 years ago.
MMYT has a better debt/assets ratio than last year.
2.2 Solvency
MMYT has an Altman-Z score of 11.05. This indicates that MMYT is financially healthy and has little risk of bankruptcy at the moment.
MMYT has a Altman-Z score of 11.05. This is amongst the best in the industry. MMYT outperforms 98.47% of its industry peers.
The Debt to FCF ratio of MMYT is 1.38, which is an excellent value as it means it would take MMYT, only 1.38 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.38, MMYT belongs to the top of the industry, outperforming 87.79% of the companies in the same industry.
MMYT has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.19, MMYT is in the better half of the industry, outperforming 78.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 1.38 | ||
| Altman-Z | 11.05 |
ROIC/WACC0.6
WACC9.61%
2.3 Liquidity
MMYT has a Current Ratio of 2.82. This indicates that MMYT is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.82, MMYT belongs to the top of the industry, outperforming 93.89% of the companies in the same industry.
A Quick Ratio of 2.81 indicates that MMYT has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.81, MMYT belongs to the top of the industry, outperforming 95.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.82 | ||
| Quick Ratio | 2.81 |
3. Growth
3.1 Past
MMYT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 195.41%, which is quite impressive.
Looking at the last year, MMYT shows a very strong growth in Revenue. The Revenue has grown by 28.96%.
Measured over the past years, MMYT shows a quite strong growth in Revenue. The Revenue has been growing by 9.99% on average per year.
EPS 1Y (TTM)195.41%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%44%
Revenue 1Y (TTM)28.96%
Revenue growth 3Y68.56%
Revenue growth 5Y9.99%
Sales Q2Q%25.08%
3.2 Future
MMYT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.03% yearly.
The Revenue is expected to grow by 21.79% on average over the next years. This is a very strong growth
EPS Next Y18.88%
EPS Next 2Y28.83%
EPS Next 3Y29.03%
EPS Next 5YN/A
Revenue Next Year24.34%
Revenue Next 2Y22.59%
Revenue Next 3Y21.79%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 67.29, the valuation of MMYT can be described as expensive.
MMYT's Price/Earnings is on the same level as the industry average.
MMYT's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.29.
MMYT is valuated quite expensively with a Price/Forward Earnings ratio of 52.18.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MMYT indicates a slightly more expensive valuation: MMYT is more expensive than 61.83% of the companies listed in the same industry.
MMYT is valuated expensively when we compare the Price/Forward Earnings ratio to 24.44, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 67.29 | ||
| Fwd PE | 52.18 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MMYT is valued more expensive than 83.21% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as MMYT.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 65.66 | ||
| EV/EBITDA | 76.97 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MMYT does not grow enough to justify the current Price/Earnings ratio.
MMYT's earnings are expected to grow with 29.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.56
PEG (5Y)N/A
EPS Next 2Y28.83%
EPS Next 3Y29.03%
5. Dividend
5.1 Amount
No dividends for MMYT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
MAKEMYTRIP LTD
NASDAQ:MMYT (1/21/2025, 8:14:53 PM)
Premarket: 102.74 +3.15 (+3.16%)99.59
-7.21 (-6.75%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners84.13%
Inst Owner Change0.81%
Ins Owners2.71%
Ins Owner ChangeN/A
Market Cap10.93B
Analysts82.67
Price Target113.33 (13.8%)
Short Float %4.91%
Short Ratio5.21
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)36.52%
Min EPS beat(2)35.75%
Max EPS beat(2)37.29%
EPS beat(4)4
Avg EPS beat(4)52.08%
Min EPS beat(4)35.75%
Max EPS beat(4)90.08%
EPS beat(8)7
Avg EPS beat(8)46.44%
EPS beat(12)9
Avg EPS beat(12)-11.97%
EPS beat(16)13
Avg EPS beat(16)4.28%
Revenue beat(2)1
Avg Revenue beat(2)-0.38%
Min Revenue beat(2)-3.79%
Max Revenue beat(2)3.03%
Revenue beat(4)3
Avg Revenue beat(4)0.17%
Min Revenue beat(4)-3.79%
Max Revenue beat(4)3.03%
Revenue beat(8)5
Avg Revenue beat(8)1.8%
Revenue beat(12)8
Avg Revenue beat(12)2.24%
Revenue beat(16)9
Avg Revenue beat(16)0.65%
PT rev (1m)0%
PT rev (3m)7.18%
EPS NQ rev (1m)0%
EPS NQ rev (3m)16.88%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.93%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.43%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 67.29 | ||
| Fwd PE | 52.18 | ||
| P/S | 12.39 | ||
| P/FCF | 65.66 | ||
| P/OCF | 60.96 | ||
| P/B | 9.38 | ||
| P/tB | 19.47 | ||
| EV/EBITDA | 76.97 |
EPS(TTM)1.48
EY1.49%
EPS(NY)1.91
Fwd EY1.92%
FCF(TTM)1.52
FCFY1.52%
OCF(TTM)1.63
OCFY1.64%
SpS8.04
BVpS10.62
TBVpS5.11
PEG (NY)3.56
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.22% | ||
| ROE | 20.17% | ||
| ROCE | 7.32% | ||
| ROIC | 5.78% | ||
| ROICexc | 11.62% | ||
| ROICexgc | 78.53% | ||
| OM | 11.83% | ||
| PM (TTM) | 26.64% | ||
| GM | 71.67% | ||
| FCFM | 18.87% |
ROA(3y)2.93%
ROA(5y)-7.36%
ROE(3y)4.38%
ROE(5y)-9.06%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.66%
GM growth 5Y2.43%
F-Score6
Asset Turnover0.5
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 1.38 | ||
| Debt/EBITDA | 1.7 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 136.24% | ||
| Profit Quality | 70.81% | ||
| Current Ratio | 2.82 | ||
| Quick Ratio | 2.81 | ||
| Altman-Z | 11.05 |
F-Score6
WACC9.61%
ROIC/WACC0.6
Cap/Depr(3y)51.02%
Cap/Depr(5y)43.5%
Cap/Sales(3y)2.91%
Cap/Sales(5y)3.32%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)195.41%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%44%
EPS Next Y18.88%
EPS Next 2Y28.83%
EPS Next 3Y29.03%
EPS Next 5YN/A
Revenue 1Y (TTM)28.96%
Revenue growth 3Y68.56%
Revenue growth 5Y9.99%
Sales Q2Q%25.08%
Revenue Next Year24.34%
Revenue Next 2Y22.59%
Revenue Next 3Y21.79%
Revenue Next 5YN/A
EBIT growth 1Y152.67%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year54.63%
EBIT Next 3Y37.8%
EBIT Next 5YN/A
FCF growth 1Y111107%
FCF growth 3Y26.52%
FCF growth 5YN/A
OCF growth 1Y119657%
OCF growth 3Y24.9%
OCF growth 5YN/A