MAKEMYTRIP LTD (MMYT) Stock Fundamental Analysis
USA - NASDAQ:MMYT - MU0295S00016 - Common Stock
72.83 USD
-0.77 (-1.05%)
72.83 USD
0 (0%)
Taking everything into account, MMYT scores 4 out of 10 in our fundamental rating. MMYT was compared to 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. While showing a medium growth rate, MMYT is valued expensive at the moment.
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.
In multiple years MMYT reported negative net income over the last 5 years.
Each year in the past 5 years MMYT had a positive operating cash flow.
1.2 Ratios
The Return On Assets of MMYT (4.12%) is better than 61.36% of its industry peers.
MMYT's Return On Equity of 300.04% is amongst the best of the industry. MMYT outperforms 100.00% of its industry peers.
With a decent Return On Invested Capital value of 9.25%, MMYT is doing good in the industry, outperforming 69.70% 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 10.61%.
The last Return On Invested Capital (9.25%) for MMYT is above the 3 year average (4.91%), which is a sign of increasing profitability.
| 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
The Profit Margin of MMYT (7.57%) is better than 64.39% of its industry peers.
MMYT's Operating Margin of 14.06% is fine compared to the rest of the industry. MMYT outperforms 65.91% of its industry peers.
Looking at the Gross Margin, with a value of 73.70%, MMYT belongs to the top of the industry, outperforming 90.15% of the companies in the same industry.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MMYT is destroying value.
MMYT has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, MMYT has more shares outstanding
Compared to 1 year ago, MMYT has an improved debt to assets ratio.
2.2 Solvency
MMYT has an Altman-Z score of 1.31. This is a bad value and indicates that MMYT is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of MMYT (1.31) is comparable to the rest of the industry.
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.
The Debt to FCF ratio of MMYT (8.27) is better than 65.91% 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.
The Debt to Equity ratio of MMYT (45.37) is worse than 70.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 45.37 | ||
| Debt/FCF | 8.27 | ||
| Altman-Z | 1.31 |
ROIC/WACC0.97
WACC9.51%
2.3 Liquidity
MMYT has a Current Ratio of 1.91. 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 better Current ratio (1.91) than 84.09% of its industry peers.
MMYT has a Quick Ratio of 1.91. This is a normal value and indicates that MMYT is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of MMYT (1.91) is better than 85.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.91 | ||
| Quick Ratio | 1.91 |
3. Growth
3.1 Past
MMYT shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.41%.
Looking at the last year, MMYT shows a quite strong growth in Revenue. The Revenue has grown by 14.55% in the last year.
Measured over the past years, MMYT shows a quite strong growth in Revenue. The Revenue has been growing by 13.85% on average per year.
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 a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.11% yearly.
The Revenue is expected to grow by 18.42% on average over the next years. This is quite good.
EPS Next Y-8.49%
EPS Next 2Y9.44%
EPS Next 3Y22.11%
EPS Next 5YN/A
Revenue Next Year16.08%
Revenue Next 2Y17.92%
Revenue Next 3Y18.42%
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
Based on the Price/Earnings ratio of 46.69, the valuation of MMYT can be described as expensive.
MMYT's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 25.47. MMYT is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 40.01 indicates a quite expensive valuation of MMYT.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MMYT is on the same level as its industry peers.
MMYT is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 35.42, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.69 | ||
| Fwd PE | 40.01 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MMYT is valued expensively inside the industry as 81.06% of the companies are valued cheaper.
The rest of the industry has a similar Price/Free Cash Flow ratio as MMYT.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.29 | ||
| EV/EBITDA | 42.83 |
4.3 Compensation for Growth
The decent profitability rating of MMYT may justify a higher PE ratio.
MMYT's earnings are expected to grow with 22.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y9.44%
EPS Next 3Y22.11%
5. Dividend
5.1 Amount
No dividends for MMYT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
72.83
-0.77 (-1.05%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners96.71%
Inst Owner Change-2.08%
Ins Owners1.48%
Ins Owner ChangeN/A
Market Cap6.93B
Revenue(TTM)1.01B
Net Income(TTM)76.53M
Analysts86.25
Price Target120.71 (65.74%)
Short Float %6.42%
Short Ratio4.18
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)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)-1.66%
PT rev (3m)-1.66%
EPS NQ rev (1m)25.6%
EPS NQ rev (3m)13.7%
EPS NY rev (1m)-17%
EPS NY rev (3m)-21.61%
Revenue NQ rev (1m)-3.11%
Revenue NQ rev (3m)-3.02%
Revenue NY rev (1m)-2.49%
Revenue NY rev (3m)-2.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.69 | ||
| Fwd PE | 40.01 | ||
| P/S | 6.85 | ||
| P/FCF | 41.29 | ||
| P/OCF | 41.29 | ||
| P/B | 271.69 | ||
| P/tB | N/A | ||
| EV/EBITDA | 42.83 |
EPS(TTM)1.56
EY2.14%
EPS(NY)1.82
Fwd EY2.5%
FCF(TTM)1.76
FCFY2.42%
OCF(TTM)1.76
OCFY2.42%
SpS10.63
BVpS0.27
TBVpS-5.73
PEG (NY)N/A
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 | 1.31 |
F-Score5
WACC9.51%
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 Y-8.49%
EPS Next 2Y9.44%
EPS Next 3Y22.11%
EPS Next 5YN/A
Revenue 1Y (TTM)14.55%
Revenue growth 3Y47.65%
Revenue growth 5Y13.85%
Sales Q2Q%8.7%
Revenue Next Year16.08%
Revenue Next 2Y17.92%
Revenue Next 3Y18.42%
Revenue Next 5YN/A
EBIT growth 1Y36.22%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year49.67%
EBIT Next 3Y32.23%
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 decline by -8.49% in the next year.