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. MMYT is quite expensive at the moment. It does show a decent growth rate.

Quickly go to:

1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

MMYT had positive earnings in the past year.
In the past year MMYT had a positive cash flow from operations.
In multiple years MMYT reported negative net income over the last 5 years.
In the past 5 years MMYT always reported a positive cash flow from operatings.

1.2 Ratios

With a Return On Assets value of 3.05%, MMYT perfoms like the industry average, outperforming 56.06% of the companies in the same industry.
With a decent Return On Invested Capital value of 9.83%, MMYT is doing good in the industry, outperforming 71.97% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for MMYT is significantly below the industry average of 10.37%.
The 3 year average ROIC (4.91%) for MMYT is below the current ROIC(9.83%), indicating increased profibility in the last year.

		Industry Rank	Sector Rank
ROA	3.05%
ROE	N/A
ROIC	9.83%

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 5.46%, MMYT is doing good in the industry, outperforming 60.61% of the companies in the same industry.
MMYT has a better Operating Margin (14.28%) than 66.67% of its industry peers.
MMYT's Gross Margin of 73.41% is amongst the best of the industry. MMYT outperforms 89.39% of its industry peers.
MMYT's Gross Margin has been stable in the last couple of years.

		Industry Rank	Sector Rank
OM	14.28%
PM (TTM)	5.46%
GM	73.41%

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%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MMYT is creating some 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

Based on the Altman-Z score of 0.93, we must say that MMYT is in the distress zone and has some risk of bankruptcy.
MMYT's Altman-Z score of 0.93 is on the low side compared to the rest of the industry. MMYT is outperformed by 64.39% of its industry peers.
MMYT has a debt to FCF ratio of 6.30. This is a slightly negative value and a sign of low solvency as MMYT would need 6.30 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.30, MMYT is in the better half of the industry, outperforming 72.73% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	N/A
Debt/FCF	6.3
Altman-Z	0.93

ROIC/WACC1.04

WACC9.46%

2.3 Liquidity

A Current Ratio of 1.85 indicates that MMYT should not have too much problems paying its short term obligations.
MMYT's Current ratio of 1.85 is amongst the best of the industry. MMYT outperforms 81.82% 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 83.33% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.85
Quick Ratio	1.85

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 8.11% over the past year.
MMYT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.07%.
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)8.11%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%11.43%

Revenue 1Y (TTM)11.07%

Revenue growth 3Y47.65%

Revenue growth 5Y13.85%

Sales Q2Q%10.59%

3.2 Future

The Earnings Per Share is expected to grow by 16.03% on average over the next years. This is quite good.
MMYT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.29% yearly.

EPS Next Y11.39%

EPS Next 2Y14.56%

EPS Next 3Y16.03%

EPS Next 5YN/A

Revenue Next Year13.51%

Revenue Next 2Y15.56%

Revenue Next 3Y17.29%

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.

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4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 38.99 indicates a quite expensive valuation of MMYT.
Compared to the rest of the industry, the Price/Earnings ratio of MMYT is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 28.30, MMYT is valued a bit more expensive.
The Price/Forward Earnings ratio is 31.27, which means the current valuation is very expensive for MMYT.
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 (25.57), we can say MMYT is valued slightly more expensively.

		Industry Rank	Sector Rank
PE	38.99
Fwd PE	31.27

4.2 Price Multiples

MMYT's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. MMYT is more expensive than 79.55% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MMYT indicates a somewhat cheap valuation: MMYT is cheaper than 64.39% of the companies listed in the same industry.

		Industry Rank	Sector Rank
P/FCF	26.5
EV/EBITDA	41.68

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.
A more expensive valuation may be justified as MMYT's earnings are expected to grow with 16.03% in the coming years.