MAKEMYTRIP LTD (MMYT) Stock Fundamental Analysis
NASDAQ:MMYT - Nasdaq - MU0295S00016 - Common Stock - Currency: USD
Taking everything into account, MMYT scores 5 out of 10 in our fundamental rating. MMYT was compared to 503 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 valued quite expensive, but it does show an excellent growth. With these ratings, MMYT could be worth investigating further for growth investing!.
1. Profitability
1.1 Basic Checks
MMYT had positive earnings in the past year.
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
MMYT's Return On Assets of 5.20% is fine compared to the rest of the industry. MMYT outperforms 70.68% of its industry peers.
MMYT's Return On Equity of 7.91% is fine compared to the rest of the industry. MMYT outperforms 67.67% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.87%, MMYT is in the better half of the industry, outperforming 63.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.2% | ||
| ROE | 7.91% | ||
| ROIC | 7.87% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
MMYT's Profit Margin of 9.72% is fine compared to the rest of the industry. MMYT outperforms 72.93% of its industry peers.
MMYT has a better Operating Margin (12.25%) than 63.91% of its industry peers.
MMYT has a better Gross Margin (71.96%) than 87.97% of its industry peers.
MMYT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.25% | ||
| 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 no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
MMYT has an Altman-Z score of 10.33. This indicates that MMYT is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of MMYT (10.33) is better than 96.24% of its industry peers.
MMYT has a debt to FCF ratio of 1.28. This is a very positive value and a sign of high solvency as it would only need 1.28 years to pay back of all of its debts.
MMYT's Debt to FCF ratio of 1.28 is amongst the best of the industry. MMYT outperforms 88.72% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that MMYT is not too dependend on debt financing.
MMYT's Debt to Equity ratio of 0.01 is amongst the best of the industry. MMYT outperforms 87.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 1.28 | ||
| Altman-Z | 10.33 |
ROIC/WACC0.82
WACC9.61%
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.
MMYT has a better Current ratio (1.85) than 80.45% of its industry peers.
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 81.95% 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 has grown by an impressive 32.17% over the past year.
Looking at the last year, MMYT shows a very strong growth in Revenue. The Revenue has grown by 25.03%.
The Revenue has been growing by 13.85% on average over the past years. This is quite good.
EPS 1Y (TTM)32.17%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%10.53%
Revenue 1Y (TTM)25.03%
Revenue growth 3Y47.66%
Revenue growth 5Y13.85%
Sales Q2Q%20.98%
3.2 Future
MMYT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.61% yearly.
Based on estimates for the next years, MMYT will show a very strong growth in Revenue. The Revenue will grow by 20.97% on average per year.
EPS Next Y16.42%
EPS Next 2Y21.53%
EPS Next 3Y22.61%
EPS Next 5YN/A
Revenue Next Year20.61%
Revenue Next 2Y20.81%
Revenue Next 3Y20.97%
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 61.92.
MMYT's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 27.28. MMYT is valued rather expensively when compared to this.
The Price/Forward Earnings ratio is 53.19, which means the current valuation is very expensive for MMYT.
Based on the Price/Forward Earnings ratio, MMYT is valued a bit more expensive than the industry average as 63.16% of the companies are valued more cheaply.
MMYT's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 61.92 | ||
| Fwd PE | 53.19 |
4.2 Price Multiples
MMYT's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 55.77 | ||
| EV/EBITDA | N/A |
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 22.61% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.77
PEG (5Y)N/A
EPS Next 2Y21.53%
EPS Next 3Y22.61%
5. Dividend
5.1 Amount
No dividends for MMYT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
94.12
-0.61 (-0.64%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners85.84%
Inst Owner Change55.36%
Ins Owners2.2%
Ins Owner ChangeN/A
Market Cap10.33B
Analysts83.75
Price Target124.51 (32.29%)
Short Float %3.88%
Short Ratio1.71
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)2.43%
PT rev (3m)1.82%
EPS NQ rev (1m)22.31%
EPS NQ rev (3m)-10.88%
EPS NY rev (1m)0.18%
EPS NY rev (3m)-3.78%
Revenue NQ rev (1m)-1.16%
Revenue NQ rev (3m)-3.81%
Revenue NY rev (1m)-0.41%
Revenue NY rev (3m)-0.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 61.92 | ||
| Fwd PE | 53.19 | ||
| P/S | 10.56 | ||
| P/FCF | 55.77 | ||
| P/OCF | 55.77 | ||
| P/B | 8.59 | ||
| P/tB | 17.08 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.52
EY1.61%
EPS(NY)1.77
Fwd EY1.88%
FCF(TTM)1.69
FCFY1.79%
OCF(TTM)1.69
OCFY1.79%
SpS8.91
BVpS10.95
TBVpS5.51
PEG (NY)3.77
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.2% | ||
| ROE | 7.91% | ||
| ROCE | 9.58% | ||
| ROIC | 7.87% | ||
| ROICexc | 20.07% | ||
| ROICexgc | N/A | ||
| OM | 12.25% | ||
| PM (TTM) | 9.72% | ||
| GM | 71.96% | ||
| FCFM | 18.94% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
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-3.74%
GM growth 5Y0.6%
F-Score5
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 1.28 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 194.83% | ||
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.85 | ||
| Altman-Z | 10.33 |
F-Score5
WACC9.61%
ROIC/WACC0.82
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)32.17%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%10.53%
EPS Next Y16.42%
EPS Next 2Y21.53%
EPS Next 3Y22.61%
EPS Next 5YN/A
Revenue 1Y (TTM)25.03%
Revenue growth 3Y47.66%
Revenue growth 5Y13.85%
Sales Q2Q%20.98%
Revenue Next Year20.61%
Revenue Next 2Y20.81%
Revenue Next 3Y20.97%
Revenue Next 5YN/A
EBIT growth 1Y57.27%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year50.19%
EBIT Next 3Y36.28%
EBIT Next 5YN/A
FCF growth 1Y64.09%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y47.36%
OCF growth 3Y213.74%
OCF growth 5YN/A