MAKEMYTRIP LTD (MMYT)
MU0295S00016 - Common Stock
We assign a fundamental rating of 6 out of 10 to MMYT. 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 shows excellent growth, but is valued quite expensive already. These ratings could make MMYT a good candidate for growth investing.
1. Profitability
1.1 Basic Checks
In the past year MMYT was profitable.
In the past year MMYT had a positive cash flow from operations.
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
The Return On Assets of MMYT (13.06%) is better than 88.81% of its industry peers.
MMYT has a better Return On Equity (19.52%) than 73.88% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.78%, MMYT is in line with its industry, outperforming 41.04% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.06% | ||
| ROE | 19.52% | ||
| ROIC | 3.78% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of MMYT (27.71%) is better than 97.01% of its industry peers.
Looking at the Operating Margin, with a value of 8.33%, MMYT is in line with its industry, outperforming 50.00% of the companies in the same industry.
Looking at the Gross Margin, with a value of 72.51%, MMYT belongs to the top of the industry, outperforming 84.33% of the companies in the same industry.
MMYT's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.33% | ||
| PM (TTM) | 27.71% | ||
| GM | 72.51% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MMYT is destroying value.
MMYT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
MMYT has an Altman-Z score of 10.17. This indicates that MMYT is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of MMYT (10.17) is better than 98.51% of its industry peers.
MMYT has a debt to FCF ratio of 1.76. This is a very positive value and a sign of high solvency as it would only need 1.76 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.76, MMYT belongs to the top of the industry, outperforming 83.58% of the companies in the same industry.
A Debt/Equity ratio of 0.20 indicates that MMYT is not too dependend on debt financing.
MMYT has a Debt to Equity ratio of 0.20. This is in the better half of the industry: MMYT outperforms 77.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 1.76 | ||
| Altman-Z | 10.17 |
ROIC/WACC0.39
WACC9.57%
2.3 Liquidity
MMYT has a Current Ratio of 2.88. This indicates that MMYT is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 2.88, MMYT belongs to the best of the industry, outperforming 94.03% of the companies in the same industry.
A Quick Ratio of 2.88 indicates that MMYT has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 2.88, MMYT belongs to the best of the industry, outperforming 94.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.88 | ||
| Quick Ratio | 2.88 |
3. Growth
3.1 Past
MMYT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 1766.67%, which is quite impressive.
The Revenue has grown by 31.95% 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)1766.67%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q375%
Revenue 1Y (TTM)31.95%
Revenue growth 3Y68.56%
Revenue growth 5Y9.99%
Revenue growth Q2Q36.61%
3.2 Future
MMYT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.60% yearly.
The Revenue is expected to grow by 21.48% on average over the next years. This is a very strong growth
EPS Next Y17.69%
EPS Next 2Y24.6%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year22.8%
Revenue Next 2Y21.48%
Revenue Next 3YN/A
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 75.22, which means the current valuation is very expensive for MMYT.
Based on the Price/Earnings ratio, MMYT is valued a bit more expensive than the industry average as 63.43% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Earnings ratio of 28.60, MMYT is valued quite expensively.
A Price/Forward Earnings ratio of 63.91 indicates a quite expensive valuation of MMYT.
Based on the Price/Forward Earnings ratio, MMYT is valued a bit more expensive than the industry average as 65.67% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.15, MMYT is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 75.22 | ||
| Fwd PE | 63.91 |
4.2 Price Multiples
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 | 73.01 | ||
| EV/EBITDA | N/A |
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 24.60% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.25
PEG (5Y)N/A
EPS Next 2Y24.6%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MMYT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
MAKEMYTRIP LTD
NASDAQ:MMYT (5/17/2024, 7:13:55 PM)
After market: 86.45 -0.05 (-0.06%)86.5
+1.77 (+2.09%)
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 Cap9.18B
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(8)
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EPS 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)
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Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 75.22 | ||
| Fwd PE | 63.91 | ||
| 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)4.25
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.06% | ||
| ROE | 19.52% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 8.33% | ||
| PM (TTM) | 27.71% | ||
| GM | 72.51% | ||
| 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 Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.88 | ||
| Quick Ratio | 2.88 | ||
| 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)
Growth
EPS 1Y (TTM)1766.67%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y17.69%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)31.95%
Revenue growth 3Y68.56%
Revenue growth 5Y
Revenue growth 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