83.25 USD
-1.46 (-1.72%)
83.25 USD
0 (0%)
Taking everything into account, MMYT scores 4 out of 10 in our fundamental rating. MMYT was compared to 133 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. MMYT is valied quite expensively at the moment, while 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.
In multiple years MMYT reported negative net income over the last 5 years.
Each year in the past 5 years MMYT had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 4.12%, MMYT is doing good in the industry, outperforming 60.15% of the companies in the same industry.
The Return On Equity of MMYT (300.04%) is better than 100.00% of its industry peers.
MMYT's Return On Invested Capital of 9.25% is fine compared to the rest of the industry. MMYT outperforms 70.68% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MMYT is significantly below the industry average of 10.41%.
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
MMYT has a better Profit Margin (7.57%) than 64.66% of its industry peers.
The Operating Margin of MMYT (14.06%) is better than 66.92% of its industry peers.
With an excellent Gross Margin value of 73.70%, MMYT belongs to the best of the industry, outperforming 90.23% of the companies in the same industry.
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
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.
The debt/assets ratio for MMYT has been reduced compared to a year ago.
2.2 Solvency
MMYT has an Altman-Z score of 1.66. This is a bad value and indicates that MMYT is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.66, MMYT is in line with its industry, outperforming 51.88% of the companies in the same industry.
The Debt to FCF ratio of MMYT is 8.27, which is on the high side as it means it would take MMYT, 8.27 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of MMYT (8.27) is better than 67.67% 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.
The Debt to Equity ratio of MMYT (45.37) is worse than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 45.37 | ||
| Debt/FCF | 8.27 | ||
| Altman-Z | 1.66 |
ROIC/WACC0.97
WACC9.54%
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 better Current ratio (1.91) than 84.21% of its industry peers.
A Quick Ratio of 1.91 indicates that MMYT should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.91, MMYT belongs to the top of the industry, outperforming 84.96% of the companies in the same industry.
| 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%.
MMYT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.55%.
Measured over the past years, MMYT shows a quite strong growth in Revenue. The Revenue has been growing by 13.85% on average per year.
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 15.53% on average over the next years. This is quite good.
The Revenue is expected to grow by 18.28% on average over the next years. This is quite good.
EPS Next Y0.19%
EPS Next 2Y13.5%
EPS Next 3Y15.53%
EPS Next 5YN/A
Revenue Next Year14.89%
Revenue Next 2Y17.12%
Revenue Next 3Y18.28%
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
MMYT is valuated quite expensively with a Price/Earnings ratio of 53.37.
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 26.57.
MMYT is valuated quite expensively with a Price/Forward Earnings ratio of 42.52.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MMYT is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of MMYT to the average of the S&P500 Index (24.04), we can say MMYT is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 53.37 | ||
| Fwd PE | 42.52 |
4.2 Price Multiples
MMYT's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. MMYT is more expensive than 80.45% of the companies in the same industry.
MMYT's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 47.2 | ||
| EV/EBITDA | 49.07 |
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 15.53% in the coming years. This may justify a more expensive valuation.
PEG (NY)283.62
PEG (5Y)N/A
EPS Next 2Y13.5%
EPS Next 3Y15.53%
5. Dividend
5.1 Amount
MMYT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
83.25
-1.46 (-1.72%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners96.82%
Inst Owner Change-2.48%
Ins Owners1.48%
Ins Owner ChangeN/A
Market Cap7.92B
Revenue(TTM)1.01B
Net Income(TTM)76.53M
Analysts86.25
Price Target113.84 (36.74%)
Short Float %7.25%
Short Ratio4.62
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)-5.69%
PT rev (3m)-7.26%
EPS NQ rev (1m)0%
EPS NQ rev (3m)13.7%
EPS NY rev (1m)9.48%
EPS NY rev (3m)-9.68%
Revenue NQ rev (1m)-0.48%
Revenue NQ rev (3m)-3.48%
Revenue NY rev (1m)-1.02%
Revenue NY rev (3m)-3.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 53.37 | ||
| Fwd PE | 42.52 | ||
| P/S | 7.83 | ||
| P/FCF | 47.2 | ||
| P/OCF | 47.2 | ||
| P/B | 310.56 | ||
| P/tB | N/A | ||
| EV/EBITDA | 49.07 |
EPS(TTM)1.56
EY1.87%
EPS(NY)1.96
Fwd EY2.35%
FCF(TTM)1.76
FCFY2.12%
OCF(TTM)1.76
OCFY2.12%
SpS10.63
BVpS0.27
TBVpS-5.73
PEG (NY)283.62
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 | 1.66 |
F-Score5
WACC9.54%
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 Y0.19%
EPS Next 2Y13.5%
EPS Next 3Y15.53%
EPS Next 5YN/A
Revenue 1Y (TTM)14.55%
Revenue growth 3Y47.65%
Revenue growth 5Y13.85%
Sales Q2Q%8.7%
Revenue Next Year14.89%
Revenue Next 2Y17.12%
Revenue Next 3Y18.28%
Revenue Next 5YN/A
EBIT growth 1Y36.22%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year36.62%
EBIT Next 3Y33.12%
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 grow by 0.19% in the next year.