` MMYT (MakeMyTrip Ltd) vs BKNG (Booking Holdings Inc) Comparison - Alpha Spread

MMYT
vs
BKNG

Over the past 12 months, MMYT has underperformed BKNG, delivering a return of +2% compared to the BKNG's +43% growth.

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MMYT
BKNG
One-click summary across all key metrics.
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One-click summary across all key metrics.
Ranked results with clear takeaways.
No spreadsheets, no guesswork.
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Valuation
Growth
Profitability
Solvency
Comparing Valuation
Running a multi-layered valuation analysis to compare how attractive each stock is.
Comparing Growth
Financial growth, forecasts, volatility, and historical drawdowns.
Comparing Profitability
Margins, returns on capital, and the consistency of profitability.
Comparing Solvency
Debt levels, liquidity, interest coverage, and bankruptcy risk.
Summarizing...
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Valuation Comparison

MMYT Intrinsic Value
45.99 USD
Overvaluation 50%
Intrinsic Value
Price
BKNG Intrinsic Value
4 945.56 USD
Overvaluation 14%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
MakeMyTrip Ltd
NASDAQ:MMYT
92.12 USD
Booking Holdings Inc
NASDAQ:BKNG
5 718.51 USD
Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
MMYT vs BKNG

MMYT
BKNG
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
MakeMyTrip Ltd
Revenue
Booking Holdings Inc
Revenue

All metrics are calculated based on data from the last 10 years.

Profitability Comparison

Free Cash Flow
MMYT vs BKNG

MMYT
BKNG
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
MakeMyTrip Ltd
NASDAQ:MMYT
Booking Holdings Inc
NASDAQ:BKNG
What is Free Cash Flow?

Gross Margin

MMYT
72%
BKNG
0%

Operating Margin

MMYT
12.3%
BKNG
32.8%

Net Margin

MMYT
9.7%
BKNG
22.6%

FCF Margin

MMYT
18.9%
BKNG
35.2%

ROE

MMYT
8.2%
BKNG
-107%

ROA

MMYT
5.5%
BKNG
19.8%

ROIC

MMYT
10.6%
BKNG
75.7%

ROCE

MMYT
9.2%
BKNG
72.8%

Solvency Comparison

Balance Sheet Comparison

Stocks Performance

Stocks Performance
MMYT vs BKNG

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Performance Gap
MMYT vs BKNG

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MMYT
BKNG
Difference
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Performance By Year
MMYT vs BKNG

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MMYT
BKNG
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