MAKEMYTRIP LTD (MMYT) Stock Fundamental Analysis
NASDAQ:MMYT - Nasdaq - MU0295S00016 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to MMYT. MMYT was compared to 136 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 shows excellent growth, but is valued quite expensive already. This makes MMYT very considerable for growth investing!
1. Profitability
1.1 Basic Checks
In the past year MMYT was profitable.
MMYT had a positive operating cash flow in the past year.
MMYT had negative earnings in 4 of the past 5 years.
Of the past 5 years MMYT 4 years had a positive operating cash flow.
1.2 Ratios
MMYT's Return On Assets of 13.13% is amongst the best of the industry. MMYT outperforms 89.71% of its industry peers.
With a decent Return On Equity value of 20.06%, MMYT is doing good in the industry, outperforming 77.94% of the companies in the same industry.
With a Return On Invested Capital value of 6.35%, MMYT perfoms like the industry average, outperforming 55.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.13% | ||
| ROE | 20.06% | ||
| ROIC | 6.35% |
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 25.42%. This is amongst the best in the industry. MMYT outperforms 98.53% of its industry peers.
MMYT has a Operating Margin of 12.44%. This is in the better half of the industry: MMYT outperforms 61.76% of its industry peers.
Looking at the Gross Margin, with a value of 71.67%, MMYT belongs to the top of the industry, outperforming 88.24% of the companies in the same industry.
In the last couple of years the Gross Margin of MMYT has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.44% | ||
| PM (TTM) | 25.42% | ||
| 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
MMYT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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 11.31. This indicates that MMYT is financially healthy and has little risk of bankruptcy at the moment.
MMYT has a Altman-Z score of 11.31. This is amongst the best in the industry. MMYT outperforms 98.53% of its industry peers.
The Debt to FCF ratio of MMYT is 2.77, which is a good value as it means it would take MMYT, 2.77 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.77, MMYT belongs to the top of the industry, outperforming 83.09% of the companies in the same industry.
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 better Debt to Equity ratio (0.19) than 78.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 2.77 | ||
| Altman-Z | 11.31 |
ROIC/WACC0.66
WACC9.61%
2.3 Liquidity
A Current Ratio of 2.88 indicates that MMYT has no problem at all paying its short term obligations.
MMYT has a better Current ratio (2.88) than 93.38% of its industry peers.
MMYT has a Quick Ratio of 2.88. 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 2.88, MMYT belongs to the top of the industry, outperforming 94.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.88 | ||
| Quick Ratio | 2.88 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 74.12% over the past year.
The Revenue has grown by 28.52% 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)74.12%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
Revenue 1Y (TTM)28.52%
Revenue growth 3Y68.56%
Revenue growth 5Y9.99%
Sales Q2Q%24.81%
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 28.46% on average per year.
The Revenue is expected to grow by 22.10% on average over the next years. This is a very strong growth
EPS Next Y7.68%
EPS Next 2Y24.64%
EPS Next 3Y28.46%
EPS Next 5YN/A
Revenue Next Year24.71%
Revenue Next 2Y22.69%
Revenue Next 3Y22.1%
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
The Price/Earnings ratio is 67.82, which means the current valuation is very expensive for MMYT.
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 27.63.
MMYT is valuated quite expensively with a Price/Forward Earnings ratio of 56.18.
MMYT's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. MMYT is more expensive than 60.29% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.85. MMYT is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 67.82 | ||
| Fwd PE | 56.18 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MMYT is valued expensively inside the industry as 80.15% of the companies are valued cheaper.
Based on the Price/Free Cash Flow ratio, MMYT is valued a bit more expensive than 61.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 131.22 | ||
| EV/EBITDA | 73.47 |
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 28.46% in the coming years. This may justify a more expensive valuation.
PEG (NY)8.84
PEG (5Y)N/A
EPS Next 2Y24.64%
EPS Next 3Y28.46%
5. Dividend
5.1 Amount
No dividends for MMYT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
100.38
-2.92 (-2.83%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners84.96%
Inst Owner Change-0.6%
Ins Owners2.2%
Ins Owner ChangeN/A
Market Cap11.02B
Analysts82.67
Price Target121.15 (20.69%)
Short Float %4.77%
Short Ratio2.92
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)21.16%
Min EPS beat(2)6.56%
Max EPS beat(2)35.75%
EPS beat(4)4
Avg EPS beat(4)42.42%
Min EPS beat(4)6.56%
Max EPS beat(4)90.08%
EPS beat(8)8
Avg EPS beat(8)59.28%
EPS beat(12)10
Avg EPS beat(12)23.81%
EPS beat(16)13
Avg EPS beat(16)-0.59%
Revenue beat(2)0
Avg Revenue beat(2)-2.47%
Min Revenue beat(2)-3.79%
Max Revenue beat(2)-1.15%
Revenue beat(4)2
Avg Revenue beat(4)-0.29%
Min Revenue beat(4)-3.79%
Max Revenue beat(4)3.03%
Revenue beat(8)5
Avg Revenue beat(8)1.87%
Revenue beat(12)7
Avg Revenue beat(12)2.12%
Revenue beat(16)9
Avg Revenue beat(16)1.1%
PT rev (1m)-0.93%
PT rev (3m)6.9%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-23.26%
EPS NY rev (1m)-2.44%
EPS NY rev (3m)-9.43%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.62%
Revenue NY rev (1m)0.1%
Revenue NY rev (3m)0.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 67.82 | ||
| Fwd PE | 56.18 | ||
| P/S | 11.78 | ||
| P/FCF | 131.22 | ||
| P/OCF | 113.84 | ||
| P/B | 9.29 | ||
| P/tB | 18.41 | ||
| EV/EBITDA | 73.47 |
EPS(TTM)1.48
EY1.47%
EPS(NY)1.79
Fwd EY1.78%
FCF(TTM)0.76
FCFY0.76%
OCF(TTM)0.88
OCFY0.88%
SpS8.52
BVpS10.81
TBVpS5.45
PEG (NY)8.84
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.13% | ||
| ROE | 20.06% | ||
| ROCE | 8.04% | ||
| ROIC | 6.35% | ||
| ROICexc | 12.35% | ||
| ROICexgc | 58.69% | ||
| OM | 12.44% | ||
| PM (TTM) | 25.42% | ||
| GM | 71.67% | ||
| FCFM | 8.97% |
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-Score5
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 2.77 | ||
| Debt/EBITDA | 1.58 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 67.38% | ||
| Profit Quality | 35.3% | ||
| Current Ratio | 2.88 | ||
| Quick Ratio | 2.88 | ||
| Altman-Z | 11.31 |
F-Score5
WACC9.61%
ROIC/WACC0.66
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)74.12%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
EPS Next Y7.68%
EPS Next 2Y24.64%
EPS Next 3Y28.46%
EPS Next 5YN/A
Revenue 1Y (TTM)28.52%
Revenue growth 3Y68.56%
Revenue growth 5Y9.99%
Sales Q2Q%24.81%
Revenue Next Year24.71%
Revenue Next 2Y22.69%
Revenue Next 3Y22.1%
Revenue Next 5YN/A
EBIT growth 1Y106.22%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year53.13%
EBIT Next 3Y40.53%
EBIT Next 5YN/A
FCF growth 1Y706.35%
FCF growth 3Y26.52%
FCF growth 5YN/A
OCF growth 1Y798.94%
OCF growth 3Y24.9%
OCF growth 5YN/A