73.69 USD
-1.15 (-1.54%)
73.69 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to MMYT. 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.
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.
Each year in the past 5 years MMYT had a positive operating cash flow.
1.2 Ratios
MMYT has a better Return On Assets (4.12%) than 60.61% 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.
MMYT has a Return On Invested Capital of 9.25%. This is in the better half of the industry: MMYT outperforms 70.45% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MMYT is significantly below the industry average of 10.42%.
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
MMYT has a better Profit Margin (7.57%) than 64.39% of its industry peers.
MMYT has a better Operating Margin (14.06%) than 66.67% of its industry peers.
MMYT's Gross Margin of 73.70% is amongst the best of the industry. MMYT outperforms 90.15% 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.
The number of shares outstanding for MMYT has been increased compared to 5 years ago.
The debt/assets ratio for MMYT has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.35, we must say that MMYT is in the distress zone and has some risk of bankruptcy.
MMYT's Altman-Z score of 1.35 is in line compared to the rest of the industry. MMYT outperforms 42.42% of 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 66.67% of its industry peers.
MMYT has a Debt/Equity ratio of 45.37. This is a high value indicating a heavy dependency on external financing.
MMYT has a Debt to Equity ratio of 45.37. This is in the lower half of the industry: MMYT underperforms 69.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 45.37 | ||
| Debt/FCF | 8.27 | ||
| Altman-Z | 1.35 |
ROIC/WACC0.97
WACC9.51%
2.3 Liquidity
A Current Ratio of 1.91 indicates that MMYT should not have too much problems paying its short term obligations.
MMYT has a Current ratio of 1.91. This is amongst the best in the industry. MMYT outperforms 84.85% 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.
With an excellent Quick ratio value of 1.91, MMYT belongs to the best of the industry, outperforming 85.61% of the companies in the same industry.
| 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%.
The Revenue has grown by 14.55% in the past year. This is quite good.
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
The Earnings Per Share is expected to grow by 18.03% on average over the next years. This is quite good.
Based on estimates for the next years, MMYT will show a quite strong growth in Revenue. The Revenue will grow by 18.42% on average per year.
EPS Next Y-8.49%
EPS Next 2Y9.44%
EPS Next 3Y18.03%
EPS Next 5YN/A
Revenue Next Year16.08%
Revenue Next 2Y17.92%
Revenue Next 3Y18.42%
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
Based on the Price/Earnings ratio of 47.24, the valuation of MMYT can be described as expensive.
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 (26.46), we can say MMYT is valued expensively.
A Price/Forward Earnings ratio of 40.48 indicates a quite expensive valuation of MMYT.
MMYT's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of MMYT to the average of the S&P500 Index (36.10), we can say MMYT is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.24 | ||
| Fwd PE | 40.48 |
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 78.79% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MMYT is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.78 | ||
| EV/EBITDA | 43.53 |
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 18.03% 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 3Y18.03%
5. Dividend
5.1 Amount
No dividends for MMYT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
73.69
-1.15 (-1.54%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners96.71%
Inst Owner Change-2.49%
Ins Owners1.48%
Ins Owner ChangeN/A
Market Cap7.01B
Revenue(TTM)1.01B
Net Income(TTM)76.53M
Analysts86.25
Price Target116.29 (57.81%)
Short Float %7.48%
Short Ratio5.09
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)-3.66%
PT rev (3m)-5.26%
EPS NQ rev (1m)25.6%
EPS NQ rev (3m)13.7%
EPS NY rev (1m)-16.24%
EPS NY rev (3m)-17.5%
Revenue NQ rev (1m)-3.11%
Revenue NQ rev (3m)-3.02%
Revenue NY rev (1m)-2.08%
Revenue NY rev (3m)-2.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.24 | ||
| Fwd PE | 40.48 | ||
| P/S | 6.94 | ||
| P/FCF | 41.78 | ||
| P/OCF | 41.78 | ||
| P/B | 274.9 | ||
| P/tB | N/A | ||
| EV/EBITDA | 43.53 |
EPS(TTM)1.56
EY2.12%
EPS(NY)1.82
Fwd EY2.47%
FCF(TTM)1.76
FCFY2.39%
OCF(TTM)1.76
OCFY2.39%
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 | 1.35 |
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 3Y18.03%
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.