MAKEMYTRIP LTD (MMYT) Stock Fundamental Analysis
NASDAQ:MMYT - Nasdaq - MU0295S00016 - Common Stock - Currency: USD
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. While showing a medium growth rate, MMYT is valued expensive at the moment.
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 the past 5 years MMYT reported 4 times negative net income.
MMYT had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
MMYT has a better Return On Assets (13.13%) than 89.63% of its industry peers.
Looking at the Return On Equity, with a value of 20.06%, MMYT is in the better half of the industry, outperforming 78.52% of the companies in the same industry.
MMYT has a Return On Invested Capital of 6.35%. This is comparable to the rest of the industry: MMYT outperforms 56.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.13% | ||
| ROE | 20.06% | ||
| ROIC | 6.35% |
ROA(3y)2.93%
ROA(5y)-7.36%
ROE(3y)4.38%
ROE(5y)-9.06%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
MMYT has a better Profit Margin (25.42%) than 97.78% of its industry peers.
MMYT has a better Operating Margin (12.44%) than 62.22% of its industry peers.
With an excellent Gross Margin value of 71.67%, MMYT belongs to the best of the industry, outperforming 87.41% of the companies in the same industry.
In the last couple of years the Gross Margin of MMYT has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.44% | ||
| PM (TTM) | 25.42% | ||
| GM | 71.67% |
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
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
MMYT has an Altman-Z score of 11.36. This indicates that MMYT is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 11.36, MMYT belongs to the best of the industry, outperforming 97.78% of the companies in the same industry.
MMYT has a debt to FCF ratio of 2.77. This is a good value and a sign of high solvency as MMYT would need 2.77 years to pay back of all of its debts.
The Debt to FCF ratio of MMYT (2.77) is better than 82.22% of its industry peers.
MMYT has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
MMYT has a Debt to Equity ratio of 0.19. This is in the better half of the industry: MMYT outperforms 78.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 2.77 | ||
| Altman-Z | 11.36 |
ROIC/WACC0.66
WACC9.62%
2.3 Liquidity
A Current Ratio of 2.88 indicates that MMYT has no problem at all paying its short term obligations.
MMYT has a Current ratio of 2.88. This is amongst the best in the industry. MMYT outperforms 93.33% of its industry peers.
A Quick Ratio of 2.88 indicates that MMYT has no problem at all paying its short term obligations.
MMYT has a Quick ratio of 2.88. This is amongst the best in the industry. MMYT outperforms 94.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.88 | ||
| Quick Ratio | 2.88 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 32.17% over the past year.
EPS 1Y (TTM)32.17%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%10.53%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%20.98%
3.2 Future
The Earnings Per Share is expected to grow by 22.32% 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 21.44% on average per year.
EPS Next Y16.21%
EPS Next 2Y25.27%
EPS Next 3Y22.32%
EPS Next 5YN/A
Revenue Next Year21.1%
Revenue Next 2Y20.93%
Revenue Next 3Y21.44%
Revenue Next 5YN/A
3.3 Evolution
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 68.26, the valuation of MMYT can be described as expensive.
The rest of the industry has a similar Price/Earnings ratio as MMYT.
Compared to an average S&P500 Price/Earnings ratio of 26.60, MMYT is valued quite expensively.
The Price/Forward Earnings ratio is 58.74, which means the current valuation is very expensive for MMYT.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MMYT indicates a slightly more expensive valuation: MMYT is more expensive than 62.96% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.43. MMYT is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 68.26 | ||
| Fwd PE | 58.74 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MMYT indicates a rather expensive valuation: MMYT more expensive than 82.96% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MMYT indicates a slightly more expensive valuation: MMYT is more expensive than 64.44% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 135.63 | ||
| EV/EBITDA | 73.81 |
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.
A more expensive valuation may be justified as MMYT's earnings are expected to grow with 22.32% in the coming years.
PEG (NY)4.21
PEG (5Y)N/A
EPS Next 2Y25.27%
EPS Next 3Y22.32%
5. Dividend
5.1 Amount
MMYT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
103.75
-1.06 (-1.01%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners84.96%
Inst Owner Change55.85%
Ins Owners2.2%
Ins Owner ChangeN/A
Market Cap11.39B
Analysts83.75
Price Target121.55 (17.16%)
Short Float %4.46%
Short Ratio2.73
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)21.16%
Min EPS beat(2)6.56%
Max EPS beat(2)35.75%
EPS beat(4)4
Avg EPS beat(4)42.42%
Min EPS beat(4)6.56%
Max EPS beat(4)90.08%
EPS beat(8)8
Avg EPS beat(8)59.28%
EPS beat(12)10
Avg EPS beat(12)23.81%
EPS beat(16)13
Avg EPS beat(16)-0.59%
Revenue beat(2)0
Avg Revenue beat(2)-2.47%
Min Revenue beat(2)-3.79%
Max Revenue beat(2)-1.15%
Revenue beat(4)2
Avg Revenue beat(4)-0.29%
Min Revenue beat(4)-3.79%
Max Revenue beat(4)3.03%
Revenue beat(8)5
Avg Revenue beat(8)1.87%
Revenue beat(12)7
Avg Revenue beat(12)2.12%
Revenue beat(16)9
Avg Revenue beat(16)1.1%
PT rev (1m)0.33%
PT rev (3m)-1.24%
EPS NQ rev (1m)-10.86%
EPS NQ rev (3m)-10.55%
EPS NY rev (1m)8.37%
EPS NY rev (3m)5.73%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 68.26 | ||
| Fwd PE | 58.74 | ||
| P/S | 12.17 | ||
| P/FCF | 135.63 | ||
| P/OCF | 117.66 | ||
| P/B | 9.6 | ||
| P/tB | 19.03 | ||
| EV/EBITDA | 73.81 |
EPS(TTM)1.52
EY1.47%
EPS(NY)1.77
Fwd EY1.7%
FCF(TTM)0.76
FCFY0.74%
OCF(TTM)0.88
OCFY0.85%
SpS8.52
BVpS10.81
TBVpS5.45
PEG (NY)4.21
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.13% | ||
| ROE | 20.06% | ||
| ROCE | 8.04% | ||
| ROIC | 6.35% | ||
| ROICexc | 12.35% | ||
| ROICexgc | 58.69% | ||
| OM | 12.44% | ||
| PM (TTM) | 25.42% | ||
| GM | 71.67% | ||
| FCFM | 8.97% |
ROA(3y)2.93%
ROA(5y)-7.36%
ROE(3y)4.38%
ROE(5y)-9.06%
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-5.66%
GM growth 5Y2.43%
F-Score5
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 2.77 | ||
| Debt/EBITDA | 1.58 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 67.38% | ||
| Profit Quality | 35.3% | ||
| Current Ratio | 2.88 | ||
| Quick Ratio | 2.88 | ||
| Altman-Z | 11.36 |
F-Score5
WACC9.62%
ROIC/WACC0.66
Cap/Depr(3y)51.02%
Cap/Depr(5y)43.5%
Cap/Sales(3y)2.91%
Cap/Sales(5y)3.32%
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 3Y22.32%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%20.98%
Revenue Next Year21.1%
Revenue Next 2Y20.93%
Revenue Next 3Y21.44%
Revenue Next 5YN/A
EBIT growth 1Y106.22%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year53.13%
EBIT Next 3Y40.53%
EBIT Next 5YN/A
FCF growth 1Y706.35%
FCF growth 3Y26.52%
FCF growth 5YN/A
OCF growth 1Y798.94%
OCF growth 3Y24.9%
OCF growth 5YN/A