MAKEMYTRIP LTD (MMYT) Stock Fundamental Analysis
NASDAQ:MMYT - Nasdaq - MU0295S00016 - Common Stock - Currency: USD
MMYT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 134 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 expensively, but it does show have an excellent growth rating. These ratings would make MMYT suitable for growth investing!
1. Profitability
1.1 Basic Checks
In the past year MMYT was profitable.
MMYT had a positive operating cash flow in the past year.
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 5.20% is fine compared to the rest of the industry. MMYT outperforms 70.90% of its industry peers.
MMYT has a better Return On Equity (7.91%) than 67.16% of its industry peers.
With a decent Return On Invested Capital value of 7.87%, MMYT is doing good in the industry, outperforming 64.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.2% | ||
| ROE | 7.91% | ||
| ROIC | 7.87% |
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
Looking at the Profit Margin, with a value of 9.72%, MMYT is in the better half of the industry, outperforming 73.13% of the companies in the same industry.
MMYT's Operating Margin of 12.25% is fine compared to the rest of the industry. MMYT outperforms 62.69% of its industry peers.
MMYT's Gross Margin of 71.96% is amongst the best of the industry. MMYT outperforms 88.06% of its industry peers.
In the last couple of years the Gross Margin of MMYT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.25% | ||
| 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
MMYT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
There is no outstanding debt for MMYT. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
An Altman-Z score of 9.99 indicates that MMYT is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 9.99, MMYT belongs to the best of the industry, outperforming 96.27% of the companies in the same industry.
MMYT has a debt to FCF ratio of 1.28. This is a very positive value and a sign of high solvency as it would only need 1.28 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.28, MMYT belongs to the top of the industry, outperforming 88.81% of the companies in the same industry.
A Debt/Equity ratio of 0.01 indicates that MMYT is not too dependend on debt financing.
The Debt to Equity ratio of MMYT (0.01) is better than 87.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 1.28 | ||
| Altman-Z | 9.99 |
ROIC/WACC0.82
WACC9.6%
2.3 Liquidity
A Current Ratio of 1.85 indicates that MMYT should not have too much problems paying its short term obligations.
The Current ratio of MMYT (1.85) is better than 79.85% of its industry peers.
MMYT has a Quick 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 Quick ratio of MMYT (1.85) is better than 81.34% 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 has grown by an impressive 32.17% over the past year.
Looking at the last year, MMYT shows a very strong growth in Revenue. The Revenue has grown by 25.03%.
The Revenue has been growing by 13.85% on average over the past years. This is quite good.
EPS 1Y (TTM)32.17%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%10.53%
Revenue 1Y (TTM)25.03%
Revenue growth 3Y47.66%
Revenue growth 5Y13.85%
Sales Q2Q%20.98%
3.2 Future
The Earnings Per Share is expected to grow by 22.46% on average over the next years. This is a very strong growth
Based on estimates for the next years, MMYT will show a very strong growth in Revenue. The Revenue will grow by 20.97% on average per year.
EPS Next Y16.21%
EPS Next 2Y25.27%
EPS Next 3Y22.46%
EPS Next 5YN/A
Revenue Next Year20.61%
Revenue Next 2Y21.02%
Revenue Next 3Y20.97%
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
MMYT is valuated quite expensively with a Price/Earnings ratio of 62.13.
MMYT's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.34, MMYT is valued quite expensively.
MMYT is valuated quite expensively with a Price/Forward Earnings ratio of 53.46.
63.43% of the companies in the same industry are cheaper than MMYT, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, MMYT is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 62.13 | ||
| Fwd PE | 53.46 |
4.2 Price Multiples
The rest of the industry has a similar Price/Free Cash Flow ratio as MMYT.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 55.95 | ||
| EV/EBITDA | N/A |
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 22.46% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.83
PEG (5Y)N/A
EPS Next 2Y25.27%
EPS Next 3Y22.46%
5. Dividend
5.1 Amount
No dividends for MMYT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
94.43
+2.94 (+3.21%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners85.84%
Inst Owner Change55.36%
Ins Owners2.2%
Ins Owner ChangeN/A
Market Cap10.37B
Analysts83.75
Price Target123.9 (31.21%)
Short Float %4.08%
Short Ratio3.06
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)1.93%
PT rev (3m)1.32%
EPS NQ rev (1m)4.74%
EPS NQ rev (3m)-10.88%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.95%
Revenue NQ rev (1m)-1.29%
Revenue NQ rev (3m)-3.81%
Revenue NY rev (1m)-0.41%
Revenue NY rev (3m)-0.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 62.13 | ||
| Fwd PE | 53.46 | ||
| P/S | 10.6 | ||
| P/FCF | 55.95 | ||
| P/OCF | 55.95 | ||
| P/B | 8.62 | ||
| P/tB | 17.14 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.52
EY1.61%
EPS(NY)1.77
Fwd EY1.87%
FCF(TTM)1.69
FCFY1.79%
OCF(TTM)1.69
OCFY1.79%
SpS8.91
BVpS10.95
TBVpS5.51
PEG (NY)3.83
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.2% | ||
| ROE | 7.91% | ||
| ROCE | 9.58% | ||
| ROIC | 7.87% | ||
| ROICexc | 20.07% | ||
| ROICexgc | N/A | ||
| OM | 12.25% | ||
| PM (TTM) | 9.72% | ||
| GM | 71.96% | ||
| FCFM | 18.94% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
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-Score5
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 1.28 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 194.83% | ||
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.85 | ||
| Altman-Z | 9.99 |
F-Score5
WACC9.6%
ROIC/WACC0.82
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)32.17%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%10.53%
EPS Next Y16.21%
EPS Next 2Y25.27%
EPS Next 3Y22.46%
EPS Next 5YN/A
Revenue 1Y (TTM)25.03%
Revenue growth 3Y47.66%
Revenue growth 5Y13.85%
Sales Q2Q%20.98%
Revenue Next Year20.61%
Revenue Next 2Y21.02%
Revenue Next 3Y20.97%
Revenue Next 5YN/A
EBIT growth 1Y57.27%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year50.19%
EBIT Next 3Y36.28%
EBIT Next 5YN/A
FCF growth 1Y64.09%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y47.36%
OCF growth 3Y213.74%
OCF growth 5YN/A