MAKEMYTRIP LTD (MMYT) Stock Fundamental Analysis
USA - NASDAQ:MMYT - MU0295S00016 - Common Stock
76.08 USD
-1.22 (-1.58%)
76.2 USD
+0.12 (+0.16%)
MMYT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 132 industry peers in the Hotels, Restaurants & Leisure industry. Both the profitability and the financial health of MMYT get a neutral evaluation. Nothing too spectacular is happening here. 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.
The reported net income has been mixed in the past 5 years: MMYT reported negative net income in multiple years.
Each year in the past 5 years MMYT had a positive operating cash flow.
1.2 Ratios
MMYT has a better Return On Assets (4.12%) than 61.36% of its industry peers.
MMYT has a Return On Equity of 300.04%. This is amongst the best in the industry. MMYT outperforms 100.00% of its industry peers.
MMYT has a Return On Invested Capital of 9.25%. This is in the better half of the industry: MMYT outperforms 69.70% of its industry peers.
MMYT had an Average Return On Invested Capital over the past 3 years of 4.91%. This is significantly below the industry average of 10.74%.
The last Return On Invested Capital (9.25%) for MMYT is above the 3 year average (4.91%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.12% | ||
| ROE | 300.04% | ||
| ROIC | 9.25% |
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
With a decent Profit Margin value of 7.57%, MMYT is doing good in the industry, outperforming 64.39% of the companies in the same industry.
MMYT has a better Operating Margin (14.06%) than 65.91% of its industry peers.
The Gross Margin of MMYT (73.70%) is better than 90.15% 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 | 14.06% | ||
| PM (TTM) | 7.57% | ||
| GM | 73.7% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MMYT is destroying value.
MMYT has more shares outstanding than it did 1 year ago.
MMYT has more shares outstanding than it did 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 1.39. This is a bad value and indicates that MMYT is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of MMYT (1.39) is comparable to the rest of the industry.
MMYT has a debt to FCF ratio of 8.27. This is a slightly negative value and a sign of low solvency as MMYT would need 8.27 years to pay back of all of its debts.
MMYT has a better Debt to FCF ratio (8.27) than 66.67% of its industry peers.
MMYT has a Debt/Equity ratio of 45.37. This is a high value indicating a heavy dependency on external financing.
MMYT has a Debt to Equity ratio of 45.37. This is in the lower half of the industry: MMYT underperforms 70.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 45.37 | ||
| Debt/FCF | 8.27 | ||
| Altman-Z | 1.39 |
ROIC/WACC0.97
WACC9.52%
2.3 Liquidity
MMYT has a Current Ratio of 1.91. 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 Current ratio of 1.91. This is amongst the best in the industry. MMYT outperforms 84.09% of its industry peers.
MMYT has a Quick Ratio of 1.91. 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 better Quick ratio (1.91) than 85.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.91 | ||
| Quick Ratio | 1.91 |
3. Growth
3.1 Past
MMYT shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.41%.
The Revenue has grown by 14.55% in the past year. This is quite good.
The Revenue has been growing by 13.85% on average over the past years. This is quite good.
EPS 1Y (TTM)5.41%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%2.78%
Revenue 1Y (TTM)14.55%
Revenue growth 3Y47.65%
Revenue growth 5Y13.85%
Sales Q2Q%8.7%
3.2 Future
The Earnings Per Share is expected to grow by 22.11% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 18.42% on average over the next years. This is quite good.
EPS Next Y-8.49%
EPS Next 2Y9.44%
EPS Next 3Y22.11%
EPS Next 5YN/A
Revenue Next Year16.08%
Revenue Next 2Y17.92%
Revenue Next 3Y18.42%
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
MMYT is valuated quite expensively with a Price/Earnings ratio of 48.77.
The rest of the industry has a similar Price/Earnings ratio as MMYT.
When comparing the Price/Earnings ratio of MMYT to the average of the S&P500 Index (25.91), we can say MMYT is valued expensively.
With a Price/Forward Earnings ratio of 41.79, MMYT can be considered very expensive at the moment.
MMYT's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 34.57. MMYT is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.77 | ||
| Fwd PE | 41.79 |
4.2 Price Multiples
81.06% 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 | 43.13 | ||
| EV/EBITDA | 44.22 |
4.3 Compensation for Growth
The decent profitability rating of MMYT may justify a higher PE ratio.
A more expensive valuation may be justified as MMYT's earnings are expected to grow with 22.11% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y9.44%
EPS Next 3Y22.11%
5. Dividend
5.1 Amount
No dividends for MMYT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
76.08
-1.22 (-1.58%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners96.71%
Inst Owner Change0.62%
Ins Owners1.48%
Ins Owner ChangeN/A
Market Cap7.24B
Revenue(TTM)1.01B
Net Income(TTM)76.53M
Analysts86.25
Price Target120.71 (58.66%)
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)13.56%
Min EPS beat(2)11.59%
Max EPS beat(2)15.52%
EPS beat(4)4
Avg EPS beat(4)17.62%
Min EPS beat(4)6.56%
Max EPS beat(4)36.8%
EPS beat(8)8
Avg EPS beat(8)34.85%
EPS beat(12)11
Avg EPS beat(12)36.83%
EPS beat(16)13
Avg EPS beat(16)-4.57%
Revenue beat(2)0
Avg Revenue beat(2)-12.16%
Min Revenue beat(2)-15.21%
Max Revenue beat(2)-9.11%
Revenue beat(4)0
Avg Revenue beat(4)-7.86%
Min Revenue beat(4)-15.21%
Max Revenue beat(4)-1.15%
Revenue beat(8)3
Avg Revenue beat(8)-3.85%
Revenue beat(12)5
Avg Revenue beat(12)-1.42%
Revenue beat(16)8
Avg Revenue beat(16)-0.28%
PT rev (1m)-1.66%
PT rev (3m)-1.11%
EPS NQ rev (1m)13.7%
EPS NQ rev (3m)13.7%
EPS NY rev (1m)-17%
EPS NY rev (3m)-21.61%
Revenue NQ rev (1m)-3.11%
Revenue NQ rev (3m)-3.02%
Revenue NY rev (1m)-2.49%
Revenue NY rev (3m)-2.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.77 | ||
| Fwd PE | 41.79 | ||
| P/S | 7.16 | ||
| P/FCF | 43.13 | ||
| P/OCF | 43.13 | ||
| P/B | 283.82 | ||
| P/tB | N/A | ||
| EV/EBITDA | 44.22 |
EPS(TTM)1.56
EY2.05%
EPS(NY)1.82
Fwd EY2.39%
FCF(TTM)1.76
FCFY2.32%
OCF(TTM)1.76
OCFY2.32%
SpS10.63
BVpS0.27
TBVpS-5.73
PEG (NY)N/A
PEG (5Y)N/A
Graham Number3.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.12% | ||
| ROE | 300.04% | ||
| ROCE | 11.25% | ||
| ROIC | 9.25% | ||
| ROICexc | 26.9% | ||
| ROICexgc | N/A | ||
| OM | 14.06% | ||
| PM (TTM) | 7.57% | ||
| GM | 73.7% | ||
| FCFM | 16.6% |
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-Score5
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 45.37 | ||
| Debt/FCF | 8.27 | ||
| Debt/EBITDA | 6.83 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 99.13% | ||
| Profit Quality | 219.32% | ||
| Current Ratio | 1.91 | ||
| Quick Ratio | 1.91 | ||
| Altman-Z | 1.39 |
F-Score5
WACC9.52%
ROIC/WACC0.97
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)5.41%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%2.78%
EPS Next Y-8.49%
EPS Next 2Y9.44%
EPS Next 3Y22.11%
EPS Next 5YN/A
Revenue 1Y (TTM)14.55%
Revenue growth 3Y47.65%
Revenue growth 5Y13.85%
Sales Q2Q%8.7%
Revenue Next Year16.08%
Revenue Next 2Y17.92%
Revenue Next 3Y18.42%
Revenue Next 5YN/A
EBIT growth 1Y36.22%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year49.67%
EBIT Next 3Y32.23%
EBIT Next 5YN/A
FCF growth 1Y84.96%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y84.96%
OCF growth 3Y210.31%
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 4 / 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 4 / 10.
What is the expected EPS growth for MAKEMYTRIP LTD (MMYT) stock?
The Earnings per Share (EPS) of MAKEMYTRIP LTD (MMYT) is expected to decline by -8.49% in the next year.