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. MMYT has an average financial health and profitability rating. MMYT is quite expensive at the moment. It does show a decent growth rate.

Quickly go to:

1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

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.
The reported net income has been mixed in the past 5 years: MMYT reported negative net income in multiple years.
In the past 5 years MMYT always reported a positive cash flow from operatings.

1.2 Ratios

MMYT's Return On Assets of 3.05% is in line compared to the rest of the industry. MMYT outperforms 56.06% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.83%, MMYT is in the better half of the industry, outperforming 71.97% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for MMYT is significantly below the industry average of 10.37%.
The 3 year average ROIC (4.91%) for MMYT is below the current ROIC(9.83%), indicating increased profibility in the last year.

		Industry Rank	Sector Rank
ROA	3.05%
ROE	N/A
ROIC	9.83%

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 (5.46%) is better than 60.61% of its industry peers.
Looking at the Operating Margin, with a value of 14.28%, MMYT is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
MMYT has a better Gross Margin (73.41%) than 89.39% of its industry peers.
MMYT's Gross Margin has been stable in the last couple of years.

		Industry Rank	Sector Rank
OM	14.28%
PM (TTM)	5.46%
GM	73.41%

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%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MMYT is still creating some value.
Compared to 1 year ago, MMYT has more shares outstanding
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 0.96, we must say that MMYT is in the distress zone and has some risk of bankruptcy.
MMYT has a Altman-Z score of 0.96. This is in the lower half of the industry: MMYT underperforms 63.64% of its industry peers.
The Debt to FCF ratio of MMYT is 6.30, which is on the high side as it means it would take MMYT, 6.30 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 6.30, MMYT is doing good in the industry, outperforming 72.73% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	N/A
Debt/FCF	6.3
Altman-Z	0.96

ROIC/WACC1.04

WACC9.45%

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.
MMYT has a better Current ratio (1.85) than 81.82% 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 has a better Quick ratio (1.85) than 83.33% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.85
Quick Ratio	1.85

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

MMYT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.11%, which is quite good.
MMYT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.07%.
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)8.11%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%11.43%

Revenue 1Y (TTM)11.07%

Revenue growth 3Y47.65%

Revenue growth 5Y13.85%

Sales Q2Q%10.59%

3.2 Future

MMYT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.03% yearly.
The Revenue is expected to grow by 17.29% on average over the next years. This is quite good.

EPS Next Y11.39%

EPS Next 2Y14.56%

EPS Next 3Y16.03%

EPS Next 5YN/A

Revenue Next Year13.51%

Revenue Next 2Y15.56%

Revenue Next 3Y17.29%

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.

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4. Valuation

4.1 Price/Earnings Ratio

MMYT is valuated quite expensively with a Price/Earnings ratio of 37.67.
MMYT's Price/Earnings ratio is in line with the industry average.
MMYT's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 28.60.
Based on the Price/Forward Earnings ratio of 30.21, the valuation of MMYT can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MMYT is on the same level as its industry peers.
MMYT's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.83.

		Industry Rank	Sector Rank
PE	37.67
Fwd PE	30.21

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, MMYT is valued a bit more expensive than 79.55% of the companies in the same industry.
64.39% of the companies in the same industry are more expensive than MMYT, based on the Price/Free Cash Flow ratio.

		Industry Rank	Sector Rank
P/FCF	25.61
EV/EBITDA	42.06

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.
MMYT's earnings are expected to grow with 16.03% in the coming years. This may justify a more expensive valuation.