MAKEMYTRIP LTD (MMYT) Stock Fundamental Analysis
USA - NASDAQ:MMYT - MU0295S00016 - Common Stock
80.92 USD
+3.62 (+4.68%)
80.8 USD
-0.12 (-0.15%)
MMYT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 133 industry peers in the Hotels, Restaurants & Leisure industry. While MMYT has a great health rating, its profitability is only average at the moment. While showing a medium growth rate, MMYT is valued expensive at the moment.
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 multiple years MMYT reported negative net income over the last 5 years.
MMYT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of MMYT (5.20%) is better than 69.17% of its industry peers.
MMYT's Return On Equity of 7.91% is fine compared to the rest of the industry. MMYT outperforms 63.91% of its industry peers.
MMYT's Return On Invested Capital of 7.97% is fine compared to the rest of the industry. MMYT outperforms 64.66% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MMYT is significantly below the industry average of 10.67%.
The 3 year average ROIC (4.91%) for MMYT is below the current ROIC(7.97%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.2% | ||
| ROE | 7.91% | ||
| ROIC | 7.97% |
ROA(3y)5.81%
ROA(5y)1.95%
ROE(3y)8.71%
ROE(5y)2.96%
ROIC(3y)4.91%
ROIC(5y)N/A
1.3 Margins
MMYT has a Profit Margin of 9.72%. This is in the better half of the industry: MMYT outperforms 74.44% of its industry peers.
MMYT's Operating Margin of 12.41% is fine compared to the rest of the industry. MMYT outperforms 66.17% of its industry peers.
The Gross Margin of MMYT (71.96%) is better than 87.22% of its industry peers.
MMYT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.41% | ||
| PM (TTM) | 9.72% | ||
| GM | 71.96% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.74%
GM growth 5Y0.6%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MMYT is destroying value.
MMYT has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, MMYT has more shares outstanding
The debt/assets ratio for MMYT has been reduced compared to a year ago.
2.2 Solvency
MMYT has an Altman-Z score of 7.51. This indicates that MMYT is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 7.51, MMYT belongs to the best of the industry, outperforming 90.98% of the companies in the same industry.
The Debt to FCF ratio of MMYT is 1.36, which is an excellent value as it means it would take MMYT, only 1.36 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.36, MMYT belongs to the top of the industry, outperforming 87.97% of the companies in the same industry.
A Debt/Equity ratio of 0.01 indicates that MMYT is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.01, MMYT belongs to the best of the industry, outperforming 86.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 1.36 | ||
| Altman-Z | 7.51 |
ROIC/WACC0.84
WACC9.54%
2.3 Liquidity
MMYT has a Current Ratio of 1.85. This is a normal value and indicates that MMYT is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.85, MMYT belongs to the top of the industry, outperforming 81.95% of the companies in the same industry.
A Quick Ratio of 1.85 indicates that MMYT should not have too much problems paying its short term obligations.
MMYT has a better Quick ratio (1.85) than 83.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.85 |
3. Growth
3.1 Past
MMYT shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.11%.
MMYT shows a strong growth in Revenue. In the last year, the Revenue has grown by 25.02%.
MMYT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.85% yearly.
EPS 1Y (TTM)-8.11%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%2.78%
Revenue 1Y (TTM)25.02%
Revenue growth 3Y47.66%
Revenue growth 5Y13.85%
Sales Q2Q%8.7%
3.2 Future
The Earnings Per Share is expected to grow by 20.11% on average over the next years. This is a very strong growth
Based on estimates for the next years, MMYT will show a very strong growth in Revenue. The Revenue will grow by 20.06% on average per year.
EPS Next Y9.26%
EPS Next 2Y15.57%
EPS Next 3Y20.11%
EPS Next 5YN/A
Revenue Next Year18.54%
Revenue Next 2Y19.95%
Revenue Next 3Y20.06%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 59.50 indicates a quite expensive valuation of MMYT.
The rest of the industry has a similar Price/Earnings ratio as MMYT.
MMYT's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.19.
The Price/Forward Earnings ratio is 39.86, which means the current valuation is very expensive for MMYT.
The rest of the industry has a similar Price/Forward Earnings ratio as MMYT.
When comparing the Price/Forward Earnings ratio of MMYT to the average of the S&P500 Index (22.50), we can say MMYT is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 59.5 | ||
| Fwd PE | 39.86 |
4.2 Price Multiples
80.45% of the companies in the same industry are cheaper than MMYT, based on the Enterprise Value to EBITDA ratio.
MMYT's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.37 | ||
| EV/EBITDA | 40.99 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of MMYT may justify a higher PE ratio.
MMYT's earnings are expected to grow with 20.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)6.42
PEG (5Y)N/A
EPS Next 2Y15.57%
EPS Next 3Y20.11%
5. Dividend
5.1 Amount
MMYT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
80.92
+3.62 (+4.68%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners96.71%
Inst Owner Change-2.11%
Ins Owners1.48%
Ins Owner ChangeN/A
Market Cap7.70B
Revenue(TTM)978.34M
Net Income(TTM)95.10M
Analysts85
Price Target120.71 (49.17%)
Short Float %6.59%
Short Ratio5.73
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)21.68%
Min EPS beat(2)6.56%
Max EPS beat(2)36.8%
EPS beat(4)4
Avg EPS beat(4)29.1%
Min EPS beat(4)6.56%
Max EPS beat(4)37.29%
EPS beat(8)8
Avg EPS beat(8)56.78%
EPS beat(12)10
Avg EPS beat(12)20.8%
EPS beat(16)13
Avg EPS beat(16)-3.07%
Revenue beat(2)0
Avg Revenue beat(2)-3.56%
Min Revenue beat(2)-5.97%
Max Revenue beat(2)-1.15%
Revenue beat(4)1
Avg Revenue beat(4)-1.97%
Min Revenue beat(4)-5.97%
Max Revenue beat(4)3.03%
Revenue beat(8)5
Avg Revenue beat(8)2.5%
Revenue beat(12)6
Avg Revenue beat(12)1.29%
Revenue beat(16)8
Avg Revenue beat(16)0.66%
PT rev (1m)0%
PT rev (3m)0.56%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.9%
EPS NY rev (3m)-6.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.86%
Revenue NY rev (1m)-0.5%
Revenue NY rev (3m)-1.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 59.5 | ||
| Fwd PE | 39.86 | ||
| P/S | 7.87 | ||
| P/FCF | 44.37 | ||
| P/OCF | 41.55 | ||
| P/B | 6.4 | ||
| P/tB | 12.73 | ||
| EV/EBITDA | 40.99 |
EPS(TTM)1.36
EY1.68%
EPS(NY)2.03
Fwd EY2.51%
FCF(TTM)1.82
FCFY2.25%
OCF(TTM)1.95
OCFY2.41%
SpS10.28
BVpS12.64
TBVpS6.36
PEG (NY)6.42
PEG (5Y)N/A
Graham Number19.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.2% | ||
| ROE | 7.91% | ||
| ROCE | 9.7% | ||
| ROIC | 7.97% | ||
| ROICexc | 40.62% | ||
| ROICexgc | N/A | ||
| OM | 12.41% | ||
| PM (TTM) | 9.72% | ||
| GM | 71.96% | ||
| FCFM | 17.74% |
ROA(3y)5.81%
ROA(5y)1.95%
ROE(3y)8.71%
ROE(5y)2.96%
ROIC(3y)4.91%
ROIC(5y)N/A
ROICexc(3y)11.07%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)5.97%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc 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-3.74%
GM growth 5Y0.6%
F-Score6
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 1.36 | ||
| Debt/EBITDA | 0.1 | ||
| Cap/Depr | 43.37% | ||
| Cap/Sales | 1.2% | ||
| Interest Coverage | 42.77 | ||
| Cash Conversion | 124.78% | ||
| Profit Quality | 182.46% | ||
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.85 | ||
| Altman-Z | 7.51 |
F-Score6
WACC9.54%
ROIC/WACC0.84
Cap/Depr(3y)50.82%
Cap/Depr(5y)44.6%
Cap/Sales(3y)1.9%
Cap/Sales(5y)3.06%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-8.11%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%2.78%
EPS Next Y9.26%
EPS Next 2Y15.57%
EPS Next 3Y20.11%
EPS Next 5YN/A
Revenue 1Y (TTM)25.02%
Revenue growth 3Y47.66%
Revenue growth 5Y13.85%
Sales Q2Q%8.7%
Revenue Next Year18.54%
Revenue Next 2Y19.95%
Revenue Next 3Y20.06%
Revenue Next 5YN/A
EBIT growth 1Y59.21%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year49.67%
EBIT Next 3Y34.23%
EBIT Next 5YN/A
FCF growth 1Y53.68%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y47.36%
OCF growth 3Y213.74%
OCF growth 5YN/A
MAKEMYTRIP LTD / MMYT FAQ
What is the ChartMill fundamental rating of MAKEMYTRIP LTD (MMYT) stock?
ChartMill assigns a fundamental rating of 5 / 10 to MMYT.
What is the valuation status for MMYT stock?
ChartMill assigns a valuation rating of 2 / 10 to MAKEMYTRIP LTD (MMYT). This can be considered as Overvalued.
How profitable is MAKEMYTRIP LTD (MMYT) stock?
MAKEMYTRIP LTD (MMYT) has a profitability rating of 6 / 10.
What is the financial health of MAKEMYTRIP LTD (MMYT) stock?
The financial health rating of MAKEMYTRIP LTD (MMYT) is 7 / 10.
What is the expected EPS growth for MAKEMYTRIP LTD (MMYT) stock?
The Earnings per Share (EPS) of MAKEMYTRIP LTD (MMYT) is expected to grow by 9.26% in the next year.