Financials MakeMyTrip Limited

Equities

MMYT

MU0295S00016

Leisure & Recreation

Market Closed - Nasdaq 04:00:00 2024-07-22 pm EDT 5-day change 1st Jan Change
89.62 USD +0.72% Intraday chart for MakeMyTrip Limited -1.78% +90.76%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 1,231 3,261 2,810 2,576 7,749 9,839 - -
Enterprise Value (EV) 1 1,089 3,040 2,549 2,330 7,364 9,317 9,124 8,883
P/E ratio -2.81 x -60.7 x -63.9 x -245 x 40.8 x 90.6 x 56 x 42.5 x
Yield - - - - - - 0% -
Capitalization / Revenue 1.7 x 17.7 x 7.88 x 3.96 x 9.48 x 10 x 8.25 x 6.88 x
EV / Revenue 1.51 x 16.5 x 7.15 x 3.58 x 9.01 x 9.49 x 7.65 x 6.21 x
EV / EBITDA -11.8 x -87.7 x -2,930 x 45.7 x 79.6 x 56.8 x 39.2 x 29.3 x
EV / FCF - 54.5 x -35.6 x 154 x 65.2 x 65.6 x 44 x 32.4 x
FCF Yield - 1.83% -2.81% 0.65% 1.53% 1.52% 2.27% 3.08%
Price to Book 1.47 x 3.87 x 3.25 x 3.09 x 7.11 x 8.42 x 7.45 x 6.44 x
Nbr of stocks (in thousands) 102,990 103,255 104,733 105,274 109,065 109,782 - -
Reference price 2 11.96 31.58 26.83 24.47 71.05 89.62 89.62 89.62
Announcement Date 6/26/20 5/25/21 5/25/22 5/16/23 5/15/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 723.4 184.1 356.4 651.2 817.4 981.8 1,192 1,431
EBITDA 1 -92.44 -34.67 -0.87 51 92.48 164.2 233 303
EBIT 1 -429.4 -67.68 -30.37 23.6 65.21 130.7 191.8 265.2
Operating Margin -59.36% -36.76% -8.52% 3.62% 7.98% 13.31% 16.09% 18.53%
Earnings before Tax (EBT) 1 -447.5 -60.55 -46.67 -12.14 92.94 130.7 208.6 294.7
Net income 1 -447.8 -55.64 -45.4 -11.32 216.8 116.9 185.2 254.9
Net margin -61.9% -30.22% -12.74% -1.74% 26.52% 11.91% 15.53% 17.82%
EPS 2 -4.260 -0.5200 -0.4200 -0.1000 1.740 0.9895 1.602 2.109
Free Cash Flow 1 - 55.73 -71.61 15.16 112.9 142 207.5 274
FCF margin - 30.26% -20.09% 2.33% 13.81% 14.46% 17.4% 19.15%
FCF Conversion (EBITDA) - - - 29.73% 122.1% 86.5% 89.05% 90.43%
FCF Conversion (Net income) - - - - 52.08% 121.43% 112.04% 107.49%
Dividend per Share 2 - - - - - - 0.003310 -
Announcement Date 6/26/20 5/25/21 5/25/22 5/16/23 5/15/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1
Net sales 1 127 105.1 156.2 156.8 172.1 166.1 198.3 188.7 217.9 212.5 242.2 217.7 259.9 246.1 303
EBITDA 1 - - - 8.232 14.11 14.87 25.94 13.45 29.32 23.71 31.74 28.32 44.9 39.65 56.12
EBIT 1 -8.774 3.353 4.266 1.459 7.31 7.973 19.13 6.507 22.59 16.72 30.01 23.52 38.62 32.69 48.38
Operating Margin -6.91% 3.19% 2.73% 0.93% 4.25% 4.8% 9.65% 3.45% 10.37% 7.87% 12.39% 10.8% 14.86% 13.28% 15.97%
Earnings before Tax (EBT) 1 - - - -7.17 -0.207 5.356 18.59 2.184 24.17 48 29.15 25.73 42.31 37.06 55.17
Net income 1 - - - -6.98 0.093 5.664 18.46 2.071 24.26 172 21.86 19.3 31.73 27.79 41.38
Net margin - - - -4.45% 0.05% 3.41% 9.31% 1.1% 11.14% 80.93% 9.03% 8.86% 12.21% 11.29% 13.66%
EPS 2 -0.0800 -0.0400 -0.0900 -0.0600 0.001000 0.0500 0.1700 0.0200 0.2200 1.260 0.1842 0.1626 0.2674 0.2342 0.3487
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 1/25/22 5/25/22 7/27/22 11/1/22 1/31/23 5/16/23 8/1/23 10/31/23 1/23/24 5/15/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 - - - - - - - -
Net Cash position 1 142 221 261 246 385 522 715 955
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 55.7 -71.6 15.2 113 142 208 274
ROE (net income / shareholders' equity) -40.4% -6.37% -5.1% 6% 13.9% 13.3% 17.2% 19.4%
ROA (Net income/ Total Assets) - - - 3.95% 9.09% 10.7% 13.6% 15.3%
Assets 1 - - - -286.9 2,386 1,097 1,362 1,669
Book Value Per Share 2 8.160 8.160 8.240 7.930 10.00 10.60 12.00 13.90
Cash Flow per Share 2 - - - 0.7700 1.060 1.090 1.610 2.170
Capex 1 12.8 8.8 77.6 16.9 12.8 4.5 4 4
Capex / Sales 1.77% 4.78% 21.77% 2.6% 1.57% 0.46% 0.34% 0.28%
Announcement Date 6/26/20 5/25/21 5/25/22 5/16/23 5/15/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
89.62 USD
Average target price
94.11 USD
Spread / Average Target
+5.01%
Consensus
  1. Stock Market
  2. Equities
  3. MMYT Stock
  4. Financials MakeMyTrip Limited