MAKEMYTRIP LTD (MMYT)
MU0295S00016 - Common Stock
Taking everything into account, MMYT scores 6 out of 10 in our fundamental rating. MMYT was compared to 135 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 expensive, but it does show an excellent growth. These ratings could make MMYT a good candidate for growth investing.
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.
MMYT had negative earnings in 4 of the past 5 years.
MMYT had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
MMYT has a Return On Assets of 12.66%. This is amongst the best in the industry. MMYT outperforms 87.31% of its industry peers.
MMYT's Return On Equity of 19.23% is fine compared to the rest of the industry. MMYT outperforms 77.61% of its industry peers.
With a Return On Invested Capital value of 4.81%, MMYT perfoms like the industry average, outperforming 47.01% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.66% | ||
| ROE | 19.23% | ||
| ROIC | 4.81% |
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
The Profit Margin of MMYT (26.11%) is better than 97.01% of its industry peers.
MMYT has a Operating Margin (10.11%) which is in line with its industry peers.
Looking at the Gross Margin, with a value of 71.37%, MMYT belongs to the top of the industry, outperforming 85.82% 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 | 10.11% | ||
| PM (TTM) | 26.11% | ||
| GM | 71.37% |
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.
The number of shares outstanding for MMYT has been increased compared to 1 year ago.
MMYT has more shares outstanding than it did 5 years ago.
The debt/assets ratio for MMYT has been reduced compared to a year ago.
2.2 Solvency
MMYT has an Altman-Z score of 11.87. This indicates that MMYT is financially healthy and has little risk of bankruptcy at the moment.
MMYT's Altman-Z score of 11.87 is amongst the best of the industry. MMYT outperforms 98.51% of its industry peers.
MMYT has a debt to FCF ratio of 1.51. This is a very positive value and a sign of high solvency as it would only need 1.51 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.51, MMYT belongs to the top of the industry, outperforming 86.57% 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's Debt to Equity ratio of 0.19 is fine compared to the rest of the industry. MMYT outperforms 77.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 1.51 | ||
| Altman-Z | 11.87 |
ROIC/WACC0.5
WACC9.62%
2.3 Liquidity
A Current Ratio of 2.78 indicates that MMYT has no problem at all paying its short term obligations.
MMYT has a Current ratio of 2.78. This is amongst the best in the industry. MMYT outperforms 94.03% of its industry peers.
A Quick Ratio of 2.77 indicates that MMYT has no problem at all paying its short term obligations.
MMYT has a better Quick ratio (2.77) than 95.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.78 | ||
| Quick Ratio | 2.77 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 617.28% over the past year.
Looking at the last year, MMYT shows a very strong growth in Revenue. The Revenue has grown by 29.88%.
MMYT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.99% yearly.
EPS 1Y (TTM)617.28%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%129.41%
Revenue 1Y (TTM)29.88%
Revenue growth 3Y68.56%
Revenue growth 5Y9.99%
Sales Q2Q%29.37%
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 28.72% on average per year.
The Revenue is expected to grow by 21.43% on average over the next years. This is a very strong growth
EPS Next Y21.22%
EPS Next 2Y28.18%
EPS Next 3Y28.72%
EPS Next 5YN/A
Revenue Next Year23.48%
Revenue Next 2Y22.14%
Revenue Next 3Y21.43%
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 76.28 indicates a quite expensive valuation of MMYT.
MMYT's Price/Earnings ratio is a bit more expensive when compared to the industry. MMYT is more expensive than 60.45% of the companies in the same industry.
MMYT is valuated expensively when we compare the Price/Earnings ratio to 31.73, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 55.31, which means the current valuation is very expensive for MMYT.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MMYT indicates a slightly more expensive valuation: MMYT is more expensive than 63.43% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.71, MMYT is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 76.28 | ||
| Fwd PE | 55.31 |
4.2 Price Multiples
83.58% of the companies in the same industry are cheaper than MMYT, based on the Enterprise Value to EBITDA ratio.
MMYT's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 77.15 | ||
| EV/EBITDA | 95.3 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MMYT does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as MMYT's earnings are expected to grow with 28.72% in the coming years.
PEG (NY)3.59
PEG (5Y)N/A
EPS Next 2Y28.18%
EPS Next 3Y28.72%
5. Dividend
5.1 Amount
MMYT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
MAKEMYTRIP LTD
NASDAQ:MMYT (10/14/2024, 8:00:02 PM)
After market: 104.5 0 (0%)104.5
+3.51 (+3.48%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap11.47B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 76.28 | ||
| Fwd PE | 55.31 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)3.59
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.66% | ||
| ROE | 19.23% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 10.11% | ||
| PM (TTM) | 26.11% | ||
| GM | 71.37% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.48
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.78 | ||
| Quick Ratio | 2.77 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)617.28%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y21.22%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)29.88%
Revenue growth 3Y68.56%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y