NasdaqGS:MMYT

Stock Analysis Report

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.

Snowflake

Fundamentals

Excellent balance sheet with limited growth.


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


Market Performance


7 Day Return

-7.1%

MMYT

0.2%

US Online Retail

0.4%

US Market


1 Year Return

-11.1%

MMYT

6.9%

US Online Retail

6.9%

US Market

Return vs Industry: MMYT underperformed the US Online Retail industry which returned 6.9% over the past year.

Return vs Market: MMYT underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

MMYTIndustryMarket
7 Day-7.1%0.2%0.4%
30 Day-8.8%-4.2%-1.2%
90 Day-22.7%-6.7%-0.4%
1 Year-11.1%-11.1%6.9%6.9%9.3%6.9%
3 Year-24.5%-24.5%76.1%75.9%45.8%36.4%
5 Year-17.8%-17.8%175.3%163.3%62.9%45.1%

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?

1.72x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate MMYT's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate MMYT's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MMYT is unprofitable, so we can't compare its PE Ratio to the 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

Low 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 (1.7x) compared to the US Online Retail industry average (2.6x).


Next Steps

Future Growth

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

87.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MMYT is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: MMYT is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: MMYT is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: MMYT's revenue (27.3% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: MMYT's revenue (27.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: MMYT's Return on Equity is forecast to be low in 3 years time (2.8%).


Next Steps

Past Performance

How has MakeMyTrip performed over the past 5 years?

-39.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MMYT is unprofitable, and losses have increased over the past 5 years at a rate of -39.3% 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 (-15.1%).


Return on Equity

High ROE: MMYT has a negative Return on Equity (-12.09%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: MMYT is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: MMYT is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is MakeMyTrip's financial position?


Financial Position Analysis

Short Term Liabilities: MMYT's short term assets ($403.0M) exceeds its short term liabilities ($218.6M)

Long Term Liabilities: MMYT's short term assets (403.0M) exceeds its long term liabilities (46.2M)


Debt to Equity History and Analysis

Debt Level: MMYT's debt to equity ratio (2%) is considered satisfactory

Reducing Debt: MMYT's debt to equity ratio has increased from 0.2% to 2% over the past 5 years.


Balance Sheet

Inventory Level: MMYT has a low level of unsold assets or inventory.

Debt Coverage by Assets: MMYT's debt is covered by short term assets (assets are 15.131610x debt).


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: MMYT has sufficient cash runway for 2.622948 years if free cash flow continues to grow at historical rates of 1.8% each year.


Next Steps

Dividend

What is MakeMyTrip's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.0%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate MMYT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MMYT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

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

What is the CEO of MakeMyTrip's salary, the management and board of directors tenure and is there insider trading?

3.3yrs

Average management tenure


CEO

Deep Kalra (50yo)

18yrs

Tenure

0

Mr. Deep Kalra served as the President of The IndUS Entrepreneurs’ New Delhi – NCR Chapter (TiE Delhi-NCR) and serves as its Director. Mr. Kalra is the Founder of Makemytrip.com Inc. and serves as its Chie ...


Management Age and Tenure

3.3yrs

Average Tenure

49yo

Average Age

Experienced Management: MMYT's management team is considered experienced (3.3 years average tenure).


Board Age and Tenure

2.6yrs

Average Tenure

50yo

Average Age

Experienced Board: MMYT's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Deep Kalra (50yo)

    Founder

    • Tenure: 18yrs
  • Rajesh Magow (50yo)

    Co-Founder

    • Tenure: 6.9yrs
  • Mohit Kabra (48yo)

    Group Chief Financial Officer

    • Tenure: 6.2yrs
  • Jonathan Huang

    Vice President of Investor Relations

    • Tenure: 3.3yrs
  • Saujanya Shrivastava (45yo)

    Chief Business Officer

    • Tenure: 0.2yrs
  • Vipul Prakash

    Chief Operating Officer

    • Tenure: 0.9yrs
  • Sunil Suresh

    Chief Marketing Officer

    • Tenure: 0.2yrs

Board Members

  • Tim Guleri (54yo)

    Independent Director

    • Tenure: 12.5yrs
  • James Liang (49yo)

    Director

    • Tenure: 3.8yrs
  • Jane Jie Sun (50yo)

    Director

    • Tenure: 0.2yrs
  • Deep Kalra (50yo)

    Founder

    • Tenure: 18yrs
  • Rajesh Magow (50yo)

    Co-Founder

    • Tenure: 6.9yrs
  • Gary Gowrea (53yo)

    Director

    • Tenure: 10.7yrs
  • Cindy Wang (44yo)

    Director

    • Tenure: 0.2yrs
  • Paul Halpin (59yo)

    Independent Director

    • Tenure: 1.5yrs
  • Xiong Xing (45yo)

    Director

    • Tenure: 0.2yrs
  • Xiangrong Li (46yo)

    Independent Director

    • Tenure: 0.08yrs

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$2.217b
  • Shares outstanding: 102.99m
  • 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 Analysis2019/10/19 00:16
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.