Company Valuation: MakeMyTrip Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 2,810 2,576 7,749 10,758 3,538 4,383 - -
Change - -8.33% 200.81% 38.82% -67.12% 23.89% - -
Enterprise Value (EV) 1 2,549 2,330 7,364 10,233 4,179 4,845 4,620 4,325
Change - -8.59% 216.03% 38.96% -59.16% 15.95% -4.66% -6.37%
P/E -63.9x -245x 40.8x 118x 104x 96.8x 46.2x 26.1x
PBR 3.25x 3.09x 7.11x 9.17x -56.1x 176x 23.1x 6.79x
PEG - 3.2x -0x -2.3x -1.8x 2.9x 0x 0.3x
Capitalization / Revenue 7.88x 3.96x 9.48x 10.7x 3.1x 3.66x 3.12x 2.58x
EV / Revenue 7.15x 3.58x 9.01x 10.2x 3.66x 4.05x 3.29x 2.54x
EV / EBITDA -2,930x 45.7x 79.6x 69.6x 22.7x 22.3x 16.6x 11.8x
EV / EBIT -83.9x 98.7x 113x 85.4x 26.8x 26x 18.8x 13x
EV / FCF -35.6x 154x 65.2x 59x 24.9x 20.1x 16.6x 15.6x
FCF Yield -2.81% 0.65% 1.53% 1.7% 4.02% 4.97% 6.01% 6.4%
Dividend per Share 2 - - - - - 0.00116 0.00304 -
Rate of return - - - - - 0% 0.01% -
EPS 2 -0.42 -0.1 1.74 0.83 0.36 0.4816 1.008 1.785
Distribution rate - - - - - 0.24% 0.3% -
Net sales 1 356.4 651.2 817.4 1,006 1,143 1,197 1,403 1,700
EBITDA 1 -0.87 51 92.48 147 183.8 217.4 278.5 366.1
EBIT 1 -30.37 23.6 65.21 119.9 156 186.1 246 331.7
Net income 1 -45.4 -11.32 216.8 95.1 51.8 47.87 95.43 236.3
Net Debt 1 -260.9 -245.9 -385.2 -524.6 641.3 462.8 237.1 -57.36
Reference price 2 26.83 24.47 71.05 97.99 37.29 46.60 46.60 46.60
Nbr of stocks (in thousands) 104,733 105,274 109,065 109,782 94,867 94,059 - -
Announcement Date 5/25/22 5/16/23 5/15/24 5/14/25 5/19/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
96.75x4.05x22.29x0% 4.38B
15.57x4.34x11.69x1.03% 123B
25.91x5.32x18.75x-.--% 37.26B
15.53x2.02x7.91x0.66% 34.68B
39.36x6.6x19.83x0.53% 32.89B
24.79x1.83x7.6x0.81% 25.19B
40.97x5.91x25.42x-.--% 22.56B
25.38x3.06x10.85x-.--% 9.05B
26.95x2.74x10.18x5.89% 5.38B
Average 34.58x 3.99x 14.95x 0.99% 32.69B
Weighted average by Cap. 23.99x 4.27x 13.86x 0.74%

Y-o-Y evolution of P/E

Valuation ratios - P/E - MakeMyTrip Limited

Historical PBR trend

Valuation ratios - PBR - MakeMyTrip Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - MakeMyTrip Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - MakeMyTrip Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - MakeMyTrip Limited
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