MAKEMYTRIP LTD (MMYT)
MU0295S00016 - Common Stock
Taking everything into account, MMYT scores 6 out of 10 in our fundamental rating. MMYT was compared to 134 industry peers in the Hotels, Restaurants & Leisure industry. MMYT is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. 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.
1. Profitability
1.1 Basic Checks
In the past year MMYT was profitable.
In the past year MMYT had a positive cash flow from operations.
In the past 5 years MMYT reported 4 times negative net income.
Of the past 5 years MMYT 4 years had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 13.22%, MMYT belongs to the best of the industry, outperforming 90.30% of the companies in the same industry.
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.
With a Return On Invested Capital value of 5.78%, MMYT perfoms like the industry average, outperforming 52.99% of the companies in the same industry.
| Industry Rank | Sector 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 has a Profit Margin of 26.64%. This is amongst the best in the industry. MMYT outperforms 98.51% of its industry peers.
MMYT has a Operating Margin (11.83%) which is comparable to the rest of the industry.
With an excellent Gross Margin value of 71.67%, MMYT belongs to the best of the industry, outperforming 87.31% of the companies in the same industry.
MMYT's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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.
MMYT has a better debt/assets ratio than last year.
2.2 Solvency
MMYT has an Altman-Z score of 12.27. This indicates that MMYT is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 12.27, MMYT belongs to the top of the industry, outperforming 98.51% of the companies in the same industry.
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.
With an excellent Debt to FCF ratio value of 1.38, MMYT belongs to the best of the industry, outperforming 88.06% of the companies in the same industry.
A Debt/Equity ratio of 0.19 indicates that MMYT is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.19, MMYT is doing good in the industry, outperforming 77.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 1.38 | ||
| Altman-Z | 12.27 |
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.
MMYT has a Current ratio of 2.82. This is amongst the best in the industry. MMYT outperforms 94.78% of its industry peers.
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.
Looking at the Quick ratio, with a value of 2.81, MMYT belongs to the top of the industry, outperforming 96.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.82 | ||
| Quick Ratio | 2.81 |
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.
The Revenue has grown by 28.96% in the past year. This is a very strong growth!
Measured over the past years, MMYT shows a quite strong growth in Revenue. The Revenue has been growing by 9.99% on average per year.
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
Based on estimates for the next years, MMYT will show a very strong growth in Earnings Per Share. The EPS will grow by 29.03% on average per year.
Based on estimates for the next years, MMYT will show a very strong growth in Revenue. The Revenue will grow by 21.79% on average per year.
EPS Next Y18.88%
EPS Next 2Y28.83%
EPS Next 3Y29.03%
EPS Next 5YN/A
Revenue Next Year24.34%
Revenue Next 2Y22.59%
Revenue Next 3Y21.79%
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
A Price/Earnings ratio of 75.00 indicates a quite expensive valuation of MMYT.
MMYT's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of MMYT to the average of the S&P500 Index (27.73), we can say MMYT is valued expensively.
Based on the Price/Forward Earnings ratio of 58.16, the valuation of MMYT can be described as expensive.
Based on the Price/Forward Earnings ratio, MMYT is valued a bit more expensive than the industry average as 60.45% of the companies are valued more cheaply.
MMYT is valuated expensively when we compare the Price/Forward Earnings ratio to 22.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 75 | ||
| Fwd PE | 58.16 |
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.
The rest of the industry has a similar Price/Free Cash Flow ratio as MMYT.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 73.18 | ||
| EV/EBITDA | 86.49 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as MMYT's earnings are expected to grow with 29.03% in the coming years.
PEG (NY)3.97
PEG (5Y)N/A
EPS Next 2Y28.83%
EPS Next 3Y29.03%
5. Dividend
5.1 Amount
MMYT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
MAKEMYTRIP LTD
NASDAQ:MMYT (12/20/2024, 8:25:05 PM)
After market: 111 0 (0%)111
-2 (-1.77%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners84.13%
Inst Owner Change2.66%
Ins Owners2.71%
Ins Owner ChangeN/A
Market Cap12.19B
Analysts82.67
Price Target113.33 (2.1%)
Short Float %5.44%
Short Ratio5.42
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/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)36.52%
Min EPS beat(2)35.75%
Max EPS beat(2)37.29%
EPS beat(4)4
Avg EPS beat(4)52.08%
Min EPS beat(4)35.75%
Max EPS beat(4)90.08%
EPS beat(8)7
Avg EPS beat(8)46.44%
EPS beat(12)9
Avg EPS beat(12)-11.97%
EPS beat(16)13
Avg EPS beat(16)4.28%
Revenue beat(2)1
Avg Revenue beat(2)-0.38%
Min Revenue beat(2)-3.79%
Max Revenue beat(2)3.03%
Revenue beat(4)3
Avg Revenue beat(4)0.17%
Min Revenue beat(4)-3.79%
Max Revenue beat(4)3.03%
Revenue beat(8)5
Avg Revenue beat(8)1.8%
Revenue beat(12)8
Avg Revenue beat(12)2.24%
Revenue beat(16)9
Avg Revenue beat(16)0.65%
PT rev (1m)1.73%
PT rev (3m)10.99%
EPS NQ rev (1m)0%
EPS NQ rev (3m)16.88%
EPS NY rev (1m)-0.37%
EPS NY rev (3m)-1.93%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.43%
Revenue NY rev (1m)-0.2%
Revenue NY rev (3m)0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 75 | ||
| Fwd PE | 58.16 | ||
| P/S | 13.81 | ||
| P/FCF | 73.18 | ||
| P/OCF | 67.95 | ||
| P/B | 10.45 | ||
| P/tB | 21.7 | ||
| EV/EBITDA | 86.49 |
EPS(TTM)1.48
EY1.33%
EPS(NY)1.91
Fwd EY1.72%
FCF(TTM)1.52
FCFY1.37%
OCF(TTM)1.63
OCFY1.47%
SpS8.04
BVpS10.62
TBVpS5.11
PEG (NY)3.97
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.22% | ||
| ROE | 20.17% | ||
| ROCE | 7.32% | ||
| ROIC | 5.78% | ||
| ROICexc | 11.62% | ||
| ROICexgc | 78.53% | ||
| OM | 11.83% | ||
| PM (TTM) | 26.64% | ||
| GM | 71.67% | ||
| FCFM | 18.87% |
ROA(3y)2.93%
ROA(5y)-7.36%
ROE(3y)4.38%
ROE(5y)-9.06%
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-5.66%
GM growth 5Y2.43%
F-Score6
Asset Turnover0.5
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 1.38 | ||
| Debt/EBITDA | 1.7 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 136.24% | ||
| Profit Quality | 70.81% | ||
| Current Ratio | 2.82 | ||
| Quick Ratio | 2.81 | ||
| Altman-Z | 12.27 |
F-Score6
WACC9.63%
ROIC/WACC0.6
Cap/Depr(3y)51.02%
Cap/Depr(5y)43.5%
Cap/Sales(3y)2.91%
Cap/Sales(5y)3.32%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)195.41%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%44%
EPS Next Y18.88%
EPS Next 2Y28.83%
EPS Next 3Y29.03%
EPS Next 5YN/A
Revenue 1Y (TTM)28.96%
Revenue growth 3Y68.56%
Revenue growth 5Y9.99%
Sales Q2Q%25.08%
Revenue Next Year24.34%
Revenue Next 2Y22.59%
Revenue Next 3Y21.79%
Revenue Next 5YN/A
EBIT growth 1Y152.67%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year64.88%
EBIT Next 3Y34.19%
EBIT Next 5YN/A
FCF growth 1Y111107%
FCF growth 3Y26.52%
FCF growth 5YN/A
OCF growth 1Y119657%
OCF growth 3Y24.9%
OCF growth 5YN/A