NasdaqGS:MMYT

Stock Analysis Report

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Executive Summary

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. More Details

Rewards

Earnings are forecast to grow 114.78% per year

Risk Analysis

No risks detected for MMYT from our risk checks.


Snowflake Analysis

Excellent balance sheet with high growth potential.


Similar Companies

Share Price & News

How has MakeMyTrip's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MMYT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: MMYT's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

1.7%

MMYT

-7.3%

US Online Retail

-3.6%

US Market


1 Year Return

45.8%

MMYT

63.0%

US Online Retail

36.5%

US Market

Return vs Industry: MMYT underperformed the US Online Retail industry which returned 63% over the past year.

Return vs Market: MMYT exceeded the US Market which returned 36.4% over the past year.


Shareholder returns

MMYTIndustryMarket
7 Day1.7%-7.3%-3.6%
30 Day17.6%-2.3%2.7%
90 Day35.2%0.5%7.5%
1 Year45.8%45.8%63.2%63.0%39.5%36.5%
3 Year2.1%2.1%76.0%75.8%53.5%43.6%
5 Year82.8%82.8%304.3%303.3%117.5%93.2%

Long-Term Price Volatility Vs. Market

How volatile is MakeMyTrip's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

4.22x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: MMYT ($33.55) is trading above our estimate of fair value ($20.78)

Significantly Below Fair Value: MMYT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MMYT is unprofitable, so we can't compare its PE Ratio to the US Online Retail 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 (4.2x) compared to the US Online Retail industry average (4.6x).


Next Steps

Future Growth

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

114.8%

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 (73.6% per year) is forecast to grow faster than the US market (10.4% per year).

High Growth Revenue: MMYT's revenue (73.6% 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 (0.9%).


Next Steps

Past Performance

How has MakeMyTrip performed over the past 5 years?

-30.4%

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 30.4% 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 Online Retail industry (64.6%).


Return on Equity

High ROE: MMYT has a negative Return on Equity (-46.65%), as it is currently unprofitable.


Next Steps

Financial Health

How is MakeMyTrip's financial position?


Financial Position Analysis

Short Term Liabilities: MMYT's short term assets ($294.5M) exceed its short term liabilities ($196.9M).

Long Term Liabilities: MMYT's short term assets ($294.5M) exceed its long term liabilities ($32.8M).


Debt to Equity History and Analysis

Debt Level: MMYT's debt to equity ratio (0.09%) is considered satisfactory.

Reducing Debt: MMYT's debt to equity ratio has reduced from 1.5% to 0.09% 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: MMYT has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if MMYT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

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?

1.9yrs

Average management tenure


CEO

Rajesh Magow (51 yo)

1

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

NamePositionTenureCompensationOwnership
Rajesh Magow
Co-Founder1yrno data0.83%
$ 28.8m
Deep Kalra
Founder & Group Executive Chairman19.33yrsno data0.79%
$ 27.2m
Mohit Kabra
Group Chief Financial Officer7.5yrsno data0.11%
$ 3.7m
Vipul Prakash
Chief Operating Officer2.25yrsno datano data
Ravi Tyagi
Vice President of Administrationno datano datano data
Jonathan Huang
Vice President of Investor Relations4.67yrsno datano data
Sunil Suresh
Chief Marketing Officer1.5yrsno datano data
Saujanya Shrivastava
Chief Business Officer1.5yrsno datano data

1.9yrs

Average Tenure

50yo

Average Age

Experienced Management: MMYT's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Rajesh Magow
Co-Founder1yrno data0.83%
$ 28.8m
Deep Kalra
Founder & Group Executive Chairman19.33yrsno data0.79%
$ 27.2m
Aditya Guleri
Independent Director13.83yrsno datano data
Jianzhang Liang
Director5.08yrsno datano data
Jie Sun
Director1.5yrsno datano data
Xiaofan Wang
Director1.5yrsno datano data
Paul Halpin
Independent Director2.83yrsno datano data
Xiong Xing
Director1.5yrsno datano data
Xiangrong Li
Independent Director1.42yrsno datano data
Hyder Aboobakar
Director0.50yrno datano data

2.2yrs

Average Tenure

51yo

Average Age

Experienced Board: MMYT's board of directors are not considered experienced ( 2.2 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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MakeMyTrip Limited
  • Ticker: MMYT
  • Exchange: NasdaqGS
  • Founded: 2000
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: US$3.464b
  • Shares outstanding: 103.25m
  • Website: https://www.makemytrip.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MMYTNasdaqGS (Nasdaq Global Select)YesOrdinary SharesUSUSDAug 2010
MY1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURAug 2010

Biography

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 co...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/28 23:33
End of Day Share Price2021/02/26 00:00
Earnings2020/12/31
Annual Earnings2020/03/31


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.