MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, and Indonesia.
No risks detected for MMYT from our risk checks.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$30.57|
|52 Week High||US$17.80|
|52 Week Low||US$39.02|
|1 Month Change||26.53%|
|3 Month Change||5.89%|
|1 Year Change||59.30%|
|3 Year Change||31.03%|
|5 Year Change||7.64%|
|Change since IPO||15.58%|
Recent News & Updates
Are MakeMyTrip Limited (NASDAQ:MMYT) Investors Paying Above The Intrinsic Value?
How far off is MakeMyTrip Limited ( NASDAQ:MMYT ) from its intrinsic value? Using the most recent financial data, we'll...
MakeMyTrip: Potential Play On Indian Travel Market Recovery, But Strong Earnings Growth Needed
MakeMyTrip has seen a significant revenue hit in 2021 as a result of travel restrictions. However, the company has strong potential for growth, given its exposure to a large travel market across India with high growth potential. That said, earnings growth would need to be quite high to justify significant upside from here.
|MMYT||US Hospitality||US Market|
Return vs Industry: MMYT exceeded the US Hospitality industry which returned 40% over the past year.
Return vs Market: MMYT exceeded the US Market which returned 30% over the past year.
Stable Share Price: MMYT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MMYT's weekly volatility (6%) has been stable over the past year.
About the Company
MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. Its services and products include air tickets; hotels; packages; rail tickets; bus tickets; and car hire, as well as ancillary travel requirements, such as visa processing and facilitating access to travel insurance.
MakeMyTrip Fundamentals Summary
|MMYT fundamental statistics|
Is MMYT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MMYT income statement (TTM)|
|Cost of Revenue||US$135.42m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.43|
|Net Profit Margin||-23.98%|
How did MMYT perform over the long term?See historical performance and comparison
Is MakeMyTrip undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MMYT ($30.57) is trading below our estimate of fair value ($32.65)
Significantly Below Fair Value: MMYT is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MMYT is unprofitable, so we can't compare its PE Ratio to the US Hospitality industry average.
PE vs Market: MMYT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MMYT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MMYT is good value based on its PB Ratio (3.6x) compared to the US Hospitality industry average (3.8x).
How is MakeMyTrip forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MMYT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: MMYT is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MMYT's is expected to become profitable in the next 3 years.
Revenue vs Market: MMYT's revenue (53.1% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: MMYT's revenue (53.1% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MMYT's Return on Equity is forecast to be low in 3 years time (11.7%).
How has MakeMyTrip performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MMYT is currently unprofitable.
Growing Profit Margin: MMYT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MMYT is unprofitable, and losses have increased over the past 5 years at a rate of 15% per year.
Accelerating Growth: Unable to compare MMYT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MMYT is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (81.9%).
Return on Equity
High ROE: MMYT has a negative Return on Equity (-5.17%), as it is currently unprofitable.
How is MakeMyTrip's financial position?
Financial Position Analysis
Short Term Liabilities: MMYT's short term assets ($460.7M) exceed its short term liabilities ($157.9M).
Long Term Liabilities: MMYT's short term assets ($460.7M) exceed its long term liabilities ($227.0M).
Debt to Equity History and Analysis
Debt Level: MMYT's debt to equity ratio (21.6%) is considered satisfactory.
Reducing Debt: MMYT's debt to equity ratio has reduced from 276.6% to 21.6% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MMYT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MMYT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 7.9% per year.
What is MakeMyTrip current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MMYT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MMYT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MMYT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MMYT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MMYT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rajesh Magow (52 yo)
Mr. Rajesh Magow is Group Chief Executive Officer at MakeMyTrip Limited since February 2020. Mr. Magow is a Co-Founder of MakeMyTrip (India) Private Limited and serves as its Chief Executive Officer. Mr. M...
Experienced Management: MMYT's management team is considered experienced (2.5 years average tenure).
Experienced Board: MMYT's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
MakeMyTrip Limited's employee growth, exchange listings and data sources
- Name: MakeMyTrip Limited
- Ticker: MMYT
- Exchange: NasdaqGS
- Founded: 2000
- Industry: Hotels, Resorts and Cruise Lines
- Sector: Consumer Services
- Market Cap: US$3.202b
- Shares outstanding: 104.73m
- Website: https://www.makemytrip.com
Number of Employees
- MakeMyTrip Limited
- Building No. 5
- 19th Floor
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 23:48|
|End of Day Share Price||2021/10/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.