MAKEMYTRIP LTD (MMYT) Stock Fundamental Analysis
USA - NASDAQ:MMYT - MU0295S00016 - Common Stock
99.28 USD
+2.28 (+2.35%)
99.28 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to MMYT. MMYT was compared to 133 industry peers in the Hotels, Restaurants & Leisure industry. MMYT has an excellent financial health rating, but there are some minor concerns on its profitability. MMYT is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year MMYT was profitable.
MMYT had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: MMYT reported negative net income in multiple years.
MMYT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MMYT's Return On Assets of 5.20% is fine compared to the rest of the industry. MMYT outperforms 69.92% of its industry peers.
MMYT has a Return On Equity of 7.91%. This is in the better half of the industry: MMYT outperforms 63.16% of its industry peers.
The Return On Invested Capital of MMYT (7.97%) is better than 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 15.68%.
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 better Profit Margin (9.72%) than 73.68% of its industry peers.
Looking at the Operating Margin, with a value of 12.41%, MMYT is in the better half of the industry, outperforming 66.17% of the companies in the same industry.
MMYT's Gross Margin of 71.96% is amongst the best of the industry. MMYT outperforms 86.47% of its industry peers.
In the last couple of years the Gross Margin of MMYT has remained more or less at the same level.
| 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.
Compared to 1 year ago, MMYT has more shares outstanding
The number of shares outstanding for MMYT has been increased compared to 5 years ago.
Compared to 1 year ago, MMYT has an improved debt to assets ratio.
2.2 Solvency
MMYT has an Altman-Z score of 9.51. This indicates that MMYT is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of MMYT (9.51) is better than 96.24% of its industry peers.
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.
MMYT has a Debt to FCF ratio of 1.36. This is amongst the best in the industry. MMYT outperforms 87.97% of its industry peers.
MMYT has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
MMYT has a better Debt to Equity ratio (0.01) than 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 1.36 | ||
| Altman-Z | 9.51 |
ROIC/WACC0.81
WACC9.85%
2.3 Liquidity
A Current Ratio of 1.85 indicates that MMYT should not have too much problems paying its short term obligations.
With an excellent Current ratio value of 1.85, MMYT belongs to the best of the industry, outperforming 81.95% of the companies in the same industry.
MMYT has a Quick 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.
MMYT has a Quick ratio of 1.85. This is amongst the best in the industry. MMYT outperforms 83.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.85 |
3. Growth
3.1 Past
The earnings per share for MMYT have decreased by -1.46% in the last year.
MMYT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.13%.
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)-1.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-43.59%
Revenue 1Y (TTM)18.13%
Revenue growth 3Y47.66%
Revenue growth 5Y13.85%
Sales Q2Q%5.63%
3.2 Future
The Earnings Per Share is expected to grow by 21.61% on average over the next years. This is a very strong growth
MMYT is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 20.22% yearly.
EPS Next Y10.93%
EPS Next 2Y16.9%
EPS Next 3Y21.61%
EPS Next 5YN/A
Revenue Next Year19.13%
Revenue Next 2Y20.28%
Revenue Next 3Y20.22%
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
Based on the Price/Earnings ratio of 73.54, the valuation of MMYT can be described as expensive.
60.90% of the companies in the same industry are cheaper than MMYT, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of MMYT to the average of the S&P500 Index (27.41), we can say MMYT is valued expensively.
Based on the Price/Forward Earnings ratio of 47.79, the valuation of MMYT can be described as expensive.
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 60.90% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.88. MMYT is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 73.54 | ||
| Fwd PE | 47.79 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MMYT indicates a rather expensive valuation: MMYT more expensive than 81.20% of the companies listed 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 | 54.44 | ||
| EV/EBITDA | 55.08 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
MMYT has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as MMYT's earnings are expected to grow with 21.61% in the coming years.
PEG (NY)6.73
PEG (5Y)N/A
EPS Next 2Y16.9%
EPS Next 3Y21.61%
5. Dividend
5.1 Amount
MMYT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
99.28
+2.28 (+2.35%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners77.16%
Inst Owner Change-14.23%
Ins Owners1.48%
Ins Owner ChangeN/A
Market Cap9.45B
Analysts85
Price Target122.75 (23.64%)
Short Float %6.32%
Short Ratio4.74
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)-0.92%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.73%
EPS NY rev (1m)-4.98%
EPS NY rev (3m)-4.55%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.16%
Revenue NY rev (1m)-0.17%
Revenue NY rev (3m)-1.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 73.54 | ||
| Fwd PE | 47.79 | ||
| P/S | 9.66 | ||
| P/FCF | 54.44 | ||
| P/OCF | 50.98 | ||
| P/B | 7.85 | ||
| P/tB | 15.62 | ||
| EV/EBITDA | 55.08 |
EPS(TTM)1.35
EY1.36%
EPS(NY)2.08
Fwd EY2.09%
FCF(TTM)1.82
FCFY1.84%
OCF(TTM)1.95
OCFY1.96%
SpS10.28
BVpS12.64
TBVpS6.36
PEG (NY)6.73
PEG (5Y)N/A
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
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-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 | 9.51 |
F-Score6
WACC9.85%
ROIC/WACC0.81
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)-1.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-43.59%
EPS Next Y10.93%
EPS Next 2Y16.9%
EPS Next 3Y21.61%
EPS Next 5YN/A
Revenue 1Y (TTM)18.13%
Revenue growth 3Y47.66%
Revenue growth 5Y13.85%
Sales Q2Q%5.63%
Revenue Next Year19.13%
Revenue Next 2Y20.28%
Revenue Next 3Y20.22%
Revenue Next 5YN/A
EBIT growth 1Y59.21%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year49.67%
EBIT Next 3Y34.33%
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