MMYT Valuation

MakeMyTrip Ltd

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98.750

-1.7(-1.692%)1D

Overview
Forecast
Valuation
Earnings

MMYT Relative Valuation

MMYT's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, MMYT is overvalued; if below, it's undervalued.

Historical Valuation

MakeMyTrip Ltd (MMYT) is now in the Fair zone, suggesting that its current forward PS ratio of 7.98 is considered Fairly compared with the five-year average of 128.73. The fair price of MakeMyTrip Ltd (MMYT) is between 62.82 to 112.51 according to relative valuation methord.

Relative Value

Fair Zone

62.82-112.51

Current Price：100.45

Fair

71.70

Trailing

Forward

44.01

EV/EBITDA

MakeMyTrip Ltd. (MMYT) has a current EV/EBITDA of 44.01. The 5-year average EV/EBITDA is 35.26. The thresholds are as follows: Strongly Undervalued below -80.91, Undervalued between -80.91 and -22.82, Fairly Valued between 93.35 and -22.82, Overvalued between 93.35 and 151.44, and Strongly Overvalued above 151.44. The current Forward EV/EBITDA of 44.01 falls within the Historic Trend Line -Fairly Valued range.

50.53

EV/EBIT

MakeMyTrip Ltd. (MMYT) has a current EV/EBIT of 50.53. The 5-year average EV/EBIT is 48.72. The thresholds are as follows: Strongly Undervalued below -55.31, Undervalued between -55.31 and -3.29, Fairly Valued between 100.74 and -3.29, Overvalued between 100.74 and 152.76, and Strongly Overvalued above 152.76. The current Forward EV/EBIT of 50.53 falls within the Historic Trend Line -Fairly Valued range.

7.98

MakeMyTrip Ltd. (MMYT) has a current PS of 7.98. The 5-year average PS is 6.63. The thresholds are as follows: Strongly Undervalued below 1.70, Undervalued between 1.70 and 4.16, Fairly Valued between 9.10 and 4.16, Overvalued between 9.10 and 11.56, and Strongly Overvalued above 11.56. The current Forward PS of 7.98 falls within the Historic Trend Line -Fairly Valued range.

44.00

P/OCF

MakeMyTrip Ltd. (MMYT) has a current P/OCF of 44.00. The 5-year average P/OCF is 94.75. The thresholds are as follows: Strongly Undervalued below -455.92, Undervalued between -455.92 and -180.59, Fairly Valued between 370.08 and -180.59, Overvalued between 370.08 and 645.41, and Strongly Overvalued above 645.41. The current Forward P/OCF of 44.00 falls within the Historic Trend Line -Fairly Valued range.

46.25

P/FCF

MakeMyTrip Ltd. (MMYT) has a current P/FCF of 46.25. The 5-year average P/FCF is 26.94. The thresholds are as follows: Strongly Undervalued below -86.95, Undervalued between -86.95 and -30.01, Fairly Valued between 83.88 and -30.01, Overvalued between 83.88 and 140.83, and Strongly Overvalued above 140.83. The current Forward P/FCF of 46.25 falls within the Historic Trend Line -Fairly Valued range.

MakeMyTrip Ltd (MMYT) has a current Price-to-Book (P/B) ratio of 204.65. Compared to its 3-year average P/B ratio of 15.77 , the current P/B ratio is approximately 1198.03% higher. Relative to its 5-year average P/B ratio of 10.75, the current P/B ratio is about 1803.59% higher. MakeMyTrip Ltd (MMYT) has a Forward Free Cash Flow (FCF) yield of approximately 1.53%. Compared to its 3-year average FCF yield of 1.23%, the current FCF yield is approximately 24.39% lower. Relative to its 5-year average FCF yield of 0.82% , the current FCF yield is about 86.44% lower.

204.65

P/B

Median3y

15.77

Median5y

10.75

1.53

FCF Yield

Median3y

1.23

Median5y

0.82

Competitors Valuation Multiple

The average P/S ratio for MMYT's competitors is 5.01, providing a benchmark for relative valuation. MakeMyTrip Ltd Corp (MMYT) exhibits a P/S ratio of 7.77, which is 55.10% above the industry average. Given its robust revenue growth of 5.63%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of MMYT increased by 4.45% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 8.27 to 9.60.

The secondary factor is the Revenue Growth, contributed 5.63%to the performance.

Overall, the performance of MMYT in the past 1 year is driven by Margin Expansion. Which is more sustainable.

5.63%

254.52M → 268.85M

Revenue Growth

16.08%

8.27 → 9.60

Margin Expansion

-17.26%

141.19 → 116.82

P/E Change

4.45%