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MMYT

MakeMyTripNasdaqGS:MMYT Stock Report

Market Cap

US$3.2b

7D

-0.2%

1Y

59.3%

Updated

19 Oct, 2021

Data

Company Financials +
MMYT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health6/6
Dividends0/6

MMYT Overview

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.

Rewards

Trading at 6.4% below our estimate of its fair value

Earnings are forecast to grow 101.81% per year

Risk Analysis

No risks detected for MMYT from our risk checks.

MakeMyTrip Competitors

Price History & Performance

Summary of all time highs, changes and price drops for MakeMyTrip
Historical stock prices
Current Share PriceUS$30.57
52 Week HighUS$17.80
52 Week LowUS$39.02
Beta1.18
1 Month Change26.53%
3 Month Change5.89%
1 Year Change59.30%
3 Year Change31.03%
5 Year Change7.64%
Change since IPO15.58%

Recent News & Updates

Sep 24
Are MakeMyTrip Limited (NASDAQ:MMYT) Investors Paying Above The Intrinsic Value?

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...

Aug 19

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.

Shareholder Returns

MMYTUS HospitalityUS Market
7D-0.2%-0.7%4.0%
1Y59.3%37.4%30.5%

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.

Price Volatility

Is MMYT's price volatile compared to industry and market?
MMYT volatility
MMYT Beta1.18
Industry Beta1.67
Market Beta1

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

FoundedEmployeesCEOWebsite
20003,256Rajesh Magowhttps://www.makemytrip.com

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

How do MakeMyTrip's earnings and revenue compare to its market cap?
MMYT fundamental statistics
Market CapUS$3.20b
Earnings (TTM)-US$45.55m
Revenue (TTM)US$189.91m

16.9x

P/S Ratio

-70.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MMYT income statement (TTM)
RevenueUS$189.91m
Cost of RevenueUS$135.42m
Gross ProfitUS$54.49m
ExpensesUS$100.04m
Earnings-US$45.55m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.43
Gross Margin28.69%
Net Profit Margin-23.98%
Debt/Equity Ratio21.6%

How did MMYT perform over the long term?

See historical performance and comparison

Valuation

Is MakeMyTrip undervalued compared to its fair value and its price relative to the market?

6.4%

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).


Future Growth

How is MakeMyTrip forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

101.8%

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%).


Past Performance

How has MakeMyTrip performed over the past 5 years?

-15.0%

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.


Financial Health

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.


Balance Sheet


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.


Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Rajesh Magow (52 yo)

1.67yrs

Tenure

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...


Leadership Team

Experienced Management: MMYT's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: MMYT's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

MakeMyTrip Limited's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • MakeMyTrip Limited
  • Building No. 5
  • 19th Floor
  • Gurugram
  • Haryana
  • 122002
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 23:48
End of Day Share Price2021/10/19 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.