64.2 USD
-2.15 (-3.24%)
MMYT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 133 industry peers in the Hotels, Restaurants & Leisure industry. MMYT has an average financial health and profitability rating. MMYT is valied quite expensively at the moment, while it does show a decent growth rate.
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.
- In multiple years MMYT reported negative net income over the last 5 years.
- MMYT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 4.12%, MMYT is in the better half of the industry, outperforming 62.41% of the companies in the same industry.
- MMYT has a better Return On Equity (300.04%) than 100.00% of its industry peers.
- With a decent Return On Invested Capital value of 9.25%, MMYT is doing good in the industry, outperforming 71.43% of the companies in the same industry.
- MMYT had an Average Return On Invested Capital over the past 3 years of 4.91%. This is significantly below the industry average of 10.34%.
- 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 66.17% of its industry peers.
- With a decent Operating Margin value of 14.06%, MMYT is doing good in the industry, outperforming 66.92% of the companies in the same industry.
- MMYT has a Gross Margin of 73.70%. This is amongst the best in the industry. MMYT outperforms 90.23% of its industry peers.
- MMYT's Gross Margin has been stable in the last couple of years.
| 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.
- Compared to 1 year ago, MMYT has more shares outstanding
- MMYT has more shares outstanding than it did 5 years ago.
- MMYT has a better debt/assets ratio than last year.
2.2 Solvency
- MMYT has an Altman-Z score of 1.09. This is a bad value and indicates that MMYT is not financially healthy and even has some risk of bankruptcy.
- With a Altman-Z score value of 1.09, MMYT is not doing good in the industry: 61.65% of the companies in the same industry are doing better.
- The Debt to FCF ratio of MMYT is 8.27, which is on the high side as it means it would take MMYT, 8.27 years of fcf income to pay off all of its debts.
- With a decent Debt to FCF ratio value of 8.27, MMYT is doing good in the industry, outperforming 67.67% of the companies in the same industry.
- A Debt/Equity ratio of 45.37 is on the high side and indicates that MMYT has dependencies on debt financing.
- Looking at the Debt to Equity ratio, with a value of 45.37, MMYT is doing worse than 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 45.37 | ||
| Debt/FCF | 8.27 | ||
| Altman-Z | 1.09 |
ROIC/WACC0.98
WACC9.48%
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 83.46% of its industry peers.
- A Quick Ratio of 1.91 indicates that MMYT should not have too much problems paying its short term obligations.
- With an excellent Quick ratio value of 1.91, MMYT belongs to the best of the industry, outperforming 84.21% 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 strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16.89%, which is quite good.
- Looking at the last year, MMYT shows a very strong growth in Revenue. The Revenue has grown by 25.02%.
- 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)16.89%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%48.57%
Revenue 1Y (TTM)25.02%
Revenue growth 3Y47.65%
Revenue growth 5Y13.85%
Sales Q2Q%10.6%
3.2 Future
- Based on estimates for the next years, MMYT will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.03% on average per year.
- MMYT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 18.07% yearly.
EPS Next Y11.39%
EPS Next 2Y14.56%
EPS Next 3Y16.03%
EPS Next 5YN/A
Revenue Next Year14.69%
Revenue Next 2Y16.83%
Revenue Next 3Y18.07%
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 37.11, the valuation of MMYT can be described as expensive.
- MMYT's Price/Earnings is on the same level as the industry average.
- MMYT is valuated rather expensively when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 32.18, the valuation of MMYT can be described as expensive.
- MMYT's Price/Forward Earnings is on the same level as the industry average.
- MMYT is valuated rather expensively when we compare the Price/Forward Earnings ratio to 24.32, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.11 | ||
| Fwd PE | 32.18 |
4.2 Price Multiples
- 78.20% 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 | 36.4 | ||
| EV/EBITDA | 38.76 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The decent profitability rating of MMYT may justify a higher PE ratio.
- A more expensive valuation may be justified as MMYT's earnings are expected to grow with 16.03% in the coming years.
PEG (NY)3.26
PEG (5Y)N/A
EPS Next 2Y14.56%
EPS Next 3Y16.03%
5. Dividend
5.1 Amount
- No dividends for MMYT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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 of MAKEMYTRIP LTD (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.
How financially healthy is MAKEMYTRIP LTD?
The financial health rating of MAKEMYTRIP LTD (MMYT) is 4 / 10.
What is the earnings growth outlook for MAKEMYTRIP LTD?
The Earnings per Share (EPS) of MAKEMYTRIP LTD (MMYT) is expected to grow by 11.39% in the next year.