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 5,615 - -
Change - -8.33% 200.81% 38.82% -67.12% 58.73% - -
Enterprise Value (EV) 1 2,549 2,330 7,364 10,233 4,179 6,048 5,820 5,526
Change - -8.59% 216.03% 38.96% -59.16% 44.73% -3.76% -5.06%
P/E -63.9x -245x 40.8x 118x 104x 123x 58.8x 32.7x
PBR 3.25x 3.09x 7.11x 9.17x - 129x 28.8x 9.34x
PEG - 3.2x -0x -2.3x -1.8x 3.5x 1x 0.4x
Capitalization / Revenue 7.88x 3.96x 9.48x 10.7x 3.1x 4.65x 3.97x 3.27x
EV / Revenue 7.15x 3.58x 9.01x 10.2x 3.66x 5.01x 4.11x 3.22x
EV / EBITDA -2,930x 45.7x 79.6x 69.6x 22.7x 28.2x 21.2x 15.7x
EV / EBIT -83.9x 98.7x 113x 85.4x 26.8x 32.3x 23.5x 16.4x
EV / FCF -35.6x 154x 65.2x 59x - 25.1x 21x 19.9x
FCF Yield -2.81% 0.65% 1.53% 1.7% - 3.98% 4.77% 5.01%
Dividend per Share 2 - - - - - 0.00249 0.00252 -
Rate of return - - - - - 0% 0% -
EPS 2 -0.42 -0.1 1.74 0.83 0.36 0.4871 1.016 1.823
Distribution rate - - - - - 0.51% 0.25% -
Net sales 1 356.4 651.2 817.4 1,006 1,143 1,207 1,415 1,715
EBITDA 1 -0.87 51 92.48 147 183.8 214.8 274.7 352.2
EBIT 1 -30.37 23.6 65.21 119.9 156 187.1 247.7 336.3
Net income 1 -45.4 -11.32 216.8 95.1 51.8 49.36 99.36 227.6
Net Debt 1 -260.9 -245.9 -385.2 -524.6 641.3 432.6 205 -89.49
Reference price 2 26.83 24.47 71.05 97.99 37.29 59.70 59.70 59.70
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.($)
124.04x5.07x28.47x0% 5.68B
20.19x5.57x15.02x0.79% 159B
18.19x2.34x9.25x0.57% 39.93B
16.12x1.85x7x0.78% 28.32B
8.28x0.83x3.19x2.56% 3.94B
16.82x0.79x4.87x3.11% 1.9B
45.88x4.23x26.75x-.--% 1.82B
45.35x1.31x7.27x0.4% 1.46B
39.77x0.84x5.79x-.--% 1.26B
11.77x2.37x5.8x-.--% 1.19B
Average 34.64x 2.52x 11.34x 0.82% 24.48B
Weighted average by Cap. 21.99x 4.41x 13.14x 0.77%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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