MAKEMYTRIP LTD (MMYT) Stock Fundamental Analysis
USA - NASDAQ:MMYT - MU0295S00016 - Common Stock
92.34 USD
-1.26 (-1.35%)
92.34 USD
0 (0%)
Taking everything into account, MMYT scores 5 out of 10 in our fundamental rating. MMYT was compared to 135 industry peers in the Hotels, Restaurants & Leisure industry. While MMYT has a great health rating, its profitability is only average at the moment. MMYT is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year MMYT was profitable.
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
With a decent Return On Assets value of 5.20%, MMYT is doing good in the industry, outperforming 69.63% of the companies in the same industry.
With a decent Return On Equity value of 7.91%, MMYT is doing good in the industry, outperforming 64.44% of the companies in the same industry.
MMYT's Return On Invested Capital of 7.97% is fine compared to the rest of the industry. MMYT outperforms 65.19% of its industry peers.
MMYT had an Average Return On Invested Capital over the past 3 years of 4.91%. This is significantly below the industry average of 15.67%.
The 3 year average ROIC (4.91%) for MMYT is below the current ROIC(7.97%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.2% | ||
| ROE | 7.91% | ||
| ROIC | 7.97% |
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
With a decent Profit Margin value of 9.72%, MMYT is doing good in the industry, outperforming 74.07% of the companies in the same industry.
The Operating Margin of MMYT (12.41%) is better than 66.67% of its industry peers.
MMYT has a better Gross Margin (71.96%) than 86.67% of its industry peers.
MMYT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.41% | ||
| PM (TTM) | 9.72% | ||
| GM | 71.96% |
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.
The number of shares outstanding for MMYT has been increased compared to 1 year ago.
Compared to 5 years ago, MMYT has more shares outstanding
MMYT has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 8.88 indicates that MMYT is not in any danger for bankruptcy at the moment.
The Altman-Z score of MMYT (8.88) is better than 92.59% of its industry peers.
MMYT has a debt to FCF ratio of 1.36. This is a very positive value and a sign of high solvency as it would only need 1.36 years to pay back of all of its debts.
MMYT's Debt to FCF ratio of 1.36 is amongst the best of the industry. MMYT outperforms 88.15% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that MMYT is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.01, MMYT belongs to the top of the industry, outperforming 85.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 1.36 | ||
| Altman-Z | 8.88 |
ROIC/WACC0.82
WACC9.74%
2.3 Liquidity
MMYT has a Current Ratio of 1.85. This is a normal value and indicates that MMYT is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of MMYT (1.85) is better than 82.22% of its industry peers.
A Quick Ratio of 1.85 indicates that MMYT should not have too much problems paying its short term obligations.
MMYT's Quick ratio of 1.85 is amongst the best of the industry. MMYT outperforms 83.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.85 |
3. Growth
3.1 Past
The earnings per share for MMYT have decreased by -1.46% in the last year.
MMYT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.13%.
MMYT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.85% yearly.
EPS 1Y (TTM)-1.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-43.59%
Revenue 1Y (TTM)18.13%
Revenue growth 3Y47.66%
Revenue growth 5Y13.85%
Sales Q2Q%5.63%
3.2 Future
MMYT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.69% yearly.
Based on estimates for the next years, MMYT will show a very strong growth in Revenue. The Revenue will grow by 20.22% on average per year.
EPS Next Y10.25%
EPS Next 2Y16.87%
EPS Next 3Y20.69%
EPS Next 5YN/A
Revenue Next Year19.13%
Revenue Next 2Y20.28%
Revenue Next 3Y20.22%
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
A Price/Earnings ratio of 68.40 indicates a quite expensive valuation of MMYT.
The rest of the industry has a similar Price/Earnings ratio as MMYT.
When comparing the Price/Earnings ratio of MMYT to the average of the S&P500 Index (27.79), we can say MMYT is valued expensively.
Based on the Price/Forward Earnings ratio of 44.48, the valuation of MMYT can be described as expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as MMYT.
The average S&P500 Price/Forward Earnings ratio is at 23.21. MMYT is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 68.4 | ||
| Fwd PE | 44.48 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MMYT is valued a bit more expensive than the industry average as 78.52% of the companies are valued more cheaply.
MMYT's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 50.63 | ||
| EV/EBITDA | 50.63 |
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.
The decent profitability rating of MMYT may justify a higher PE ratio.
MMYT's earnings are expected to grow with 20.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)6.67
PEG (5Y)N/A
EPS Next 2Y16.87%
EPS Next 3Y20.69%
5. Dividend
5.1 Amount
MMYT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
92.34
-1.26 (-1.35%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners96.71%
Inst Owner Change-14.23%
Ins Owners1.48%
Ins Owner ChangeN/A
Market Cap8.79B
Analysts85
Price Target122.75 (32.93%)
Short Float %6.37%
Short Ratio4.99
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)21.68%
Min EPS beat(2)6.56%
Max EPS beat(2)36.8%
EPS beat(4)4
Avg EPS beat(4)29.1%
Min EPS beat(4)6.56%
Max EPS beat(4)37.29%
EPS beat(8)8
Avg EPS beat(8)56.78%
EPS beat(12)10
Avg EPS beat(12)20.8%
EPS beat(16)13
Avg EPS beat(16)-3.07%
Revenue beat(2)0
Avg Revenue beat(2)-3.56%
Min Revenue beat(2)-5.97%
Max Revenue beat(2)-1.15%
Revenue beat(4)1
Avg Revenue beat(4)-1.97%
Min Revenue beat(4)-5.97%
Max Revenue beat(4)3.03%
Revenue beat(8)5
Avg Revenue beat(8)2.5%
Revenue beat(12)6
Avg Revenue beat(12)1.29%
Revenue beat(16)8
Avg Revenue beat(16)0.66%
PT rev (1m)0%
PT rev (3m)-1.41%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.73%
EPS NY rev (1m)-0.6%
EPS NY rev (3m)-5.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.16%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 68.4 | ||
| Fwd PE | 44.48 | ||
| P/S | 8.98 | ||
| P/FCF | 50.63 | ||
| P/OCF | 47.42 | ||
| P/B | 7.31 | ||
| P/tB | 14.53 | ||
| EV/EBITDA | 50.63 |
EPS(TTM)1.35
EY1.46%
EPS(NY)2.08
Fwd EY2.25%
FCF(TTM)1.82
FCFY1.97%
OCF(TTM)1.95
OCFY2.11%
SpS10.28
BVpS12.64
TBVpS6.36
PEG (NY)6.67
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.2% | ||
| ROE | 7.91% | ||
| ROCE | 9.7% | ||
| ROIC | 7.97% | ||
| ROICexc | 40.62% | ||
| ROICexgc | N/A | ||
| OM | 12.41% | ||
| PM (TTM) | 9.72% | ||
| GM | 71.96% | ||
| FCFM | 17.74% |
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
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-3.74%
GM growth 5Y0.6%
F-Score6
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 1.36 | ||
| Debt/EBITDA | 0.1 | ||
| Cap/Depr | 43.37% | ||
| Cap/Sales | 1.2% | ||
| Interest Coverage | 42.77 | ||
| Cash Conversion | 124.78% | ||
| Profit Quality | 182.46% | ||
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.85 | ||
| Altman-Z | 8.88 |
F-Score6
WACC9.74%
ROIC/WACC0.82
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)-1.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-43.59%
EPS Next Y10.25%
EPS Next 2Y16.87%
EPS Next 3Y20.69%
EPS Next 5YN/A
Revenue 1Y (TTM)18.13%
Revenue growth 3Y47.66%
Revenue growth 5Y13.85%
Sales Q2Q%5.63%
Revenue Next Year19.13%
Revenue Next 2Y20.28%
Revenue Next 3Y20.22%
Revenue Next 5YN/A
EBIT growth 1Y59.21%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year49.67%
EBIT Next 3Y37.38%
EBIT Next 5YN/A
FCF growth 1Y53.68%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y47.36%
OCF growth 3Y213.74%
OCF growth 5YN/A