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MakeMyTrip Ltd
NASDAQ:MMYT

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MakeMyTrip Ltd
NASDAQ:MMYT
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Price: 46.02 USD 0.83% Market Closed
Market Cap: $4.4B

EV/OCF

24.8
Current
55%
Cheaper
vs 3-y average of 55.4

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
24.8
=
Enterprise Value
$6.5B
/
Operating Cash Flow
$223.9m

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
24.8
=
Enterprise Value
$6.5B
/
Operating Cash Flow
$223.9m

Valuation Scenarios

MakeMyTrip Ltd is trading below its 3-year average

If EV/OCF returns to its 3-Year Average (55.4), the stock would be worth $102.85 (123% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-9%
Maximum Upside
+144%
Average Upside
63%
Scenario EV/OCF Value Implied Price Upside/Downside
Current Multiple 24.8 $46.02
0%
3-Year Average 55.4 $102.85
+123%
5-Year Average 60.5 $112.46
+144%
Industry Average 22.6 $41.96
-9%
Country Average 23.4 $43.51
-5%

Forward EV/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward EV/OCF

Peer Comparison

All Multiples
EV/OCF
P/E
All Countries
Close
Market Cap EV/OCF P/E
IN
MakeMyTrip Ltd
NASDAQ:MMYT
4.4B USD 24.8 77
CN
H World Group Ltd
BMV:HTHTN
2.7T MXN 123.9 206.7
US
Booking Holdings Inc
NASDAQ:BKNG
143.7B USD 15.2 26.6
US
Marriott International Inc
NASDAQ:MAR
97.6B USD 34.6 37.5
US
Airbnb Inc
NASDAQ:ABNB
87.3B USD 16 34.8
US
Hilton Worldwide Holdings Inc
NYSE:HLT
77.3B USD 41.7 53.1
US
Royal Caribbean Cruises Ltd
NYSE:RCL
71.9B USD 13.8 16.8
US
Carnival Corp
NYSE:CCL
37.6B USD 9.2 12.2
US
Viking Holdings Ltd
NYSE:VIK
36.5B USD 0 0
UK
Carnival PLC
LSE:CCL
26.3B GBP 9 12.4
CN
Trip.com Group Ltd
HKEX:9961
271.8B HKD 8.7 7.1

Market Distribution

In line with most companies in India
Percentile
52st
Based on 2 183 companies
52st percentile
24.8
Low
0.1 — 14.7
Typical Range
14.7 — 39.6
High
39.6 —
Distribution Statistics
India
Min 0.1
30th Percentile 14.7
Median 23.4
70th Percentile 39.6
Max 28 676

MakeMyTrip Ltd
Glance View

Amid the technological surge of the early 2000s, MakeMyTrip Ltd. emerged as a digital disruptor in the Indian travel industry, founded in 2000 by Deep Kalra. The company's vision was clear: to make travel simpler, more accessible, and affordable for millions of internet users in India and abroad. By harnessing the burgeoning internet penetration, MakeMyTrip carved a niche as a comprehensive platform facilitating everything from flight bookings and hotel reservations to holiday packages. It expanded into bus and rail bookings and international travel, positioning itself as a one-stop hub for travel needs. The blend of a user-friendly interface with competitive pricing created a loyal customer base and transformed the company into India's leading online travel agency. At its core, MakeMyTrip operates on a commission-based model, earning revenues from suppliers like hotels, airlines, and transportation providers for the reservations made through its platform. By leveraging its scale and market position, it negotiates deals benefitting both travelers and suppliers, ensuring value in its offerings. Moreover, technology is pivotal in its operation, focusing on mobile application ecosystems and a dynamic online presence that responds swiftly to consumer behavior shifts. Through strategic mergers and collaborations, such as the notable acquisition of rival Ibibo and a partnership with Ctrip, MakeMyTrip has continuously expanded its reach and influence. As travel preferences evolve and the digital economy grows, MakeMyTrip stays attuned to emerging trends to maintain its status as an industry stalwart.

MMYT Intrinsic Value
57.47 USD
Undervaluation 20%
Intrinsic Value
Price $46.02
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