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 quite expensive at the moment. It does show a decent growth rate.
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.
The reported net income has been mixed in the past 5 years: MMYT reported negative net income in multiple years.
Each year in the past 5 years MMYT had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.12%, MMYT is in the better half of the industry, outperforming 61.65% of the companies in the same industry.
MMYT has a Return On Equity of 300.04%. This is amongst the best in the industry. MMYT outperforms 100.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.25%, MMYT is in the better half of the industry, outperforming 70.68% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MMYT is significantly below the industry average of 10.39%.
The 3 year average ROIC (4.91%) for MMYT is below the current ROIC(9.25%), indicating increased profibility in the last year.
| 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
Looking at the Profit Margin, with a value of 7.57%, MMYT is in the better half of the industry, outperforming 66.17% of the companies in the same industry.
MMYT's Operating Margin of 14.06% is fine compared to the rest of the industry. MMYT outperforms 66.92% of its industry peers.
MMYT has a better Gross Margin (73.70%) than 90.23% of its industry peers.
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
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.
Compared to 5 years ago, MMYT has more shares outstanding
The debt/assets ratio for MMYT has been reduced compared to a year ago.
2.2 Solvency
MMYT has an Altman-Z score of 1.61. This is a bad value and indicates that MMYT is not financially healthy and even has some risk of bankruptcy.
MMYT has a Altman-Z score (1.61) which is in line with its industry peers.
MMYT has a debt to FCF ratio of 8.27. This is a slightly negative value and a sign of low solvency as MMYT would need 8.27 years to pay back of all of its debts.
MMYT's Debt to FCF ratio of 8.27 is fine compared to the rest of the industry. MMYT outperforms 67.67% of its industry peers.
A Debt/Equity ratio of 45.37 is on the high side and indicates that MMYT has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 45.37, MMYT is doing worse than 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 45.37 | ||
| Debt/FCF | 8.27 | ||
| Altman-Z | 1.61 |
ROIC/WACC0.97
WACC9.54%
2.3 Liquidity
A Current Ratio of 1.91 indicates that MMYT should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.91, MMYT belongs to the top of the industry, outperforming 83.46% of the companies in the same industry.
A Quick Ratio of 1.91 indicates that MMYT should not have too much problems paying its short term obligations.
MMYT has a Quick ratio of 1.91. This is amongst the best in the industry. MMYT outperforms 84.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.91 | ||
| Quick Ratio | 1.91 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.41% over the past year.
Looking at the last year, MMYT shows a quite strong growth in Revenue. The Revenue has grown by 14.55% in the last year.
The Revenue has been growing by 13.85% on average over the past years. This is quite good.
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
MMYT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.53% yearly.
MMYT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 18.28% yearly.
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
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 53.37, MMYT can be considered very expensive at the moment.
MMYT's Price/Earnings ratio is in line with the industry average.
MMYT's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.92.
The Price/Forward Earnings ratio is 42.52, which means the current valuation is very expensive for MMYT.
MMYT's Price/Forward Earnings is on the same level as the industry average.
MMYT is valuated expensively when we compare the Price/Forward Earnings ratio to 23.46, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 53.37 | ||
| Fwd PE | 42.52 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MMYT indicates a rather expensive valuation: MMYT more expensive than 80.45% of the companies listed 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 | 47.2 | ||
| EV/EBITDA | 48.25 |
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 has a very decent profitability rating, which 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
No dividends for MMYT!.
| 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)-2.11%
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)-9.13%
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 | 48.25 |
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 | 1.61 |
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.