MAKEMYTRIP LTD (MMYT)

MU0295S00016 - Common Stock

109.69  +2.42 (+2.26%)

After market: 109.73 +0.04 (+0.04%)

Fundamental Rating

6

Overall MMYT gets a fundamental rating of 6 out of 10. We evaluated MMYT against 135 industry peers in the Hotels, Restaurants & Leisure industry. While MMYT has a great health rating, its profitability is only average at the moment. MMYT is valued quite expensively, but it does show have an excellent growth rating. These ratings could make MMYT a good candidate for growth investing.



5

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.
MMYT had negative earnings in 4 of the past 5 years.
MMYT had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

MMYT's Return On Assets of 13.22% is amongst the best of the industry. MMYT outperforms 90.30% of its industry peers.
With a decent Return On Equity value of 20.17%, MMYT is doing good in the industry, outperforming 79.85% of the companies in the same industry.
MMYT has a Return On Invested Capital of 5.78%. This is comparable to the rest of the industry: MMYT outperforms 50.75% of its industry peers.
Industry RankSector Rank
ROA 13.22%
ROE 20.17%
ROIC 5.78%
ROA(3y)2.93%
ROA(5y)-7.36%
ROE(3y)4.38%
ROE(5y)-9.06%
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

MMYT's Profit Margin of 26.64% is amongst the best of the industry. MMYT outperforms 98.51% of its industry peers.
Looking at the Operating Margin, with a value of 11.83%, MMYT is in line with its industry, outperforming 58.21% of the companies in the same industry.
The Gross Margin of MMYT (71.67%) is better than 88.06% of its industry peers.
In the last couple of years the Gross Margin of MMYT has grown nicely.
Industry RankSector Rank
OM 11.83%
PM (TTM) 26.64%
GM 71.67%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.66%
GM growth 5Y2.43%

8

2. Health

2.1 Basic Checks

MMYT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
MMYT has more shares outstanding than it did 1 year ago.
The number of shares outstanding for MMYT has been increased compared to 5 years ago.
MMYT has a better debt/assets ratio than last year.

2.2 Solvency

An Altman-Z score of 11.87 indicates that MMYT is not in any danger for bankruptcy at the moment.
MMYT has a Altman-Z score of 11.87. This is amongst the best in the industry. MMYT outperforms 98.51% of its industry peers.
The Debt to FCF ratio of MMYT is 1.38, which is an excellent value as it means it would take MMYT, only 1.38 years of fcf income to pay off all of its debts.
MMYT has a Debt to FCF ratio of 1.38. This is amongst the best in the industry. MMYT outperforms 88.81% of its industry peers.
MMYT has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
MMYT has a Debt to Equity ratio of 0.19. This is in the better half of the industry: MMYT outperforms 77.61% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 1.38
Altman-Z 11.87
ROIC/WACC0.6
WACC9.63%

2.3 Liquidity

MMYT has a Current Ratio of 2.82. This indicates that MMYT is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.82, MMYT belongs to the top of the industry, outperforming 94.03% of the companies in the same industry.
MMYT has a Quick Ratio of 2.81. This indicates that MMYT is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of MMYT (2.81) is better than 95.52% of its industry peers.
Industry RankSector Rank
Current Ratio 2.82
Quick Ratio 2.81

8

3. Growth

3.1 Past

MMYT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 195.41%, which is quite impressive.
Looking at the last year, MMYT shows a very strong growth in Revenue. The Revenue has grown by 28.96%.
The Revenue has been growing by 9.99% on average over the past years. This is quite good.
EPS 1Y (TTM)195.41%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%44%
Revenue 1Y (TTM)28.96%
Revenue growth 3Y68.56%
Revenue growth 5Y9.99%
Sales Q2Q%25.08%

3.2 Future

MMYT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 30.80% yearly.
Based on estimates for the next years, MMYT will show a very strong growth in Revenue. The Revenue will grow by 21.93% on average per year.
EPS Next Y19.32%
EPS Next 2Y31.67%
EPS Next 3Y30.8%
EPS Next 5YN/A
Revenue Next Year24.59%
Revenue Next 2Y22.84%
Revenue Next 3Y21.93%
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.

2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 74.11, which means the current valuation is very expensive for MMYT.
MMYT's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 28.96, MMYT is valued quite expensively.
With a Price/Forward Earnings ratio of 55.02, MMYT can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, MMYT is valued a bit more expensive than 61.19% of the companies in the same industry.
MMYT's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.82.
Industry RankSector Rank
PE 74.11
Fwd PE 55.02

4.2 Price Multiples

MMYT's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. MMYT is more expensive than 83.58% of the companies in the same industry.
MMYT's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 72.32
EV/EBITDA 83.38

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's earnings are expected to grow with 30.80% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.84
PEG (5Y)N/A
EPS Next 2Y31.67%
EPS Next 3Y30.8%

0

5. Dividend

5.1 Amount

MMYT does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

MAKEMYTRIP LTD

NASDAQ:MMYT (11/21/2024, 8:00:01 PM)

After market: 109.73 +0.04 (+0.04%)

109.69

+2.42 (+2.26%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap12.04B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield N/A
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 74.11
Fwd PE 55.02
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)3.84
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 13.22%
ROE 20.17%
ROCE
ROIC
ROICexc
ROICexgc
OM 11.83%
PM (TTM) 26.64%
GM 71.67%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.5
Health
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 2.82
Quick Ratio 2.81
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)195.41%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y19.32%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)28.96%
Revenue growth 3Y68.56%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y