MakeMyTrip (MMYT) Stock Price, News & Analysis

Company Overview

MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. Its services and products include air tickets; hotels and packages; rail tickets; bus tickets; and car hire, as well as ancillary travel requirements, such as visa processing and facilitating access to travel insurance. The company allows travelers to research, plan, book, and purchase travel services and products through its websites, such as makemytrip.com, goibibo.com, redbus.in, makemytrip.com.sg, and makemytrip.ae; and other technology-enhanced distribution channels, such as call centers, travel stores, and travel agents network, as well as mobile service platform. The company serves leisure and corporate travelers. MakeMyTrip Limited was incorporated in 2000 and is based in Gurugram, India.

Key Stats

• Today's Range: $94.56 to $103.58
• 50-Day Range: $86.91 to $110.24
• 52-Week Range: $36.81 to $110.49
• Volume: 842,407 shs
• Average Volume: 740,503 shs
• Market Capitalization: $10.88 billion
• P/E Ratio: 58.67
• Dividend Yield: N/A
• Price Target: $95.67
• Consensus Rating: Moderate Buy

MakeMyTrip Stock Analysis - MarketRank™

MakeMyTrip scored higher than 51% of companies evaluated by MarketBeat, and ranked 385th out of 658 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

MakeMyTrip has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

MakeMyTrip has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 34.65%

Earnings Growth

Earnings for MakeMyTrip are expected to grow by 34.65% in the coming year, from $1.27 to $1.71 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of MakeMyTrip is 58.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.40.

Price to Earnings Ratio vs. Sector

The P/E ratio of MakeMyTrip is 58.67, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 249.96.

Price to Earnings Growth Ratio

MakeMyTrip has a PEG Ratio of 5.65. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

MakeMyTrip has a P/B Ratio of 9.75. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.56% of the outstanding shares of MakeMyTrip have been sold short.

Short Interest Ratio / Days to Cover

MakeMyTrip has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in MakeMyTrip has recently increased by 11.95%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

MakeMyTrip does not currently pay a dividend.

Dividend Growth

MakeMyTrip does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.56% of the outstanding shares of MakeMyTrip have been sold short.

Short Interest Ratio / Days to Cover

MakeMyTrip has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in MakeMyTrip has recently increased by 11.95%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.52

News Sentiment

MakeMyTrip has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for MakeMyTrip this week, compared to 5 articles on an average week.

Search Interest

4 people have searched for MMYT on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

12 people have added MakeMyTrip to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, MakeMyTrip insiders have not sold or bought any company stock.

Percentage Held by Insiders

10.30% of the stock of MakeMyTrip is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

51.89% of the stock of MakeMyTrip is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MMYT Stock Analysis - Frequently Asked Questions

How have MMYT shares performed this year?

MakeMyTrip's stock was trading at $46.98 at the start of the year. Since then, MMYT stock has increased by 111.0% and is now trading at $99.1450.
View the best growth stocks for 2024 here.

How were MakeMyTrip's earnings last quarter?

MakeMyTrip Limited (NASDAQ:MMYT) posted its quarterly earnings data on Tuesday, October, 26th. The technology company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.07. The technology company had revenue of $67.48 million for the quarter. MakeMyTrip had a trailing twelve-month return on equity of 11.04% and a net margin of 26.11%.

Does MakeMyTrip have any subsidiaries?

The following companies are subsidiaries of MakeMyTrip: Ibibo Group Holdings (Singapore) Pte. Ltd., Ibibo Group Private Limited, and MakeMyTrip (India) Private Limited.

Who are MakeMyTrip's major shareholders?

Top institutional shareholders of MakeMyTrip include Carrhae Capital LLP (0.32%), Mirae Asset Global Investments Co. Ltd. (0.23%), U S Global Investors Inc. (0.10%) and Handelsbanken Fonder AB (0.04%).

How do I buy shares of MakeMyTrip?

Shares of MMYT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of MakeMyTrip own?

Based on aggregate information from My MarketBeat watchlists, some other companies that MakeMyTrip investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Humana (HUM), Adobe (ADBE) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 10/26/2021
• Today: 10/24/2024
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Transportation services
• Sub-Industry: Transportation
• Current Symbol: NASDAQ:MMYT
• CUSIP: N/A
• CIK: 1495153
• Web: www.makemytrip.com
• Phone: 911244395000
• Fax: N/A
• Employees: 4,576
• Year Founded: 2000

Price Target and Rating

• Average Stock Price Target: $95.67
• High Stock Price Target: $115.00
• Low Stock Price Target: $60.00
• Potential Upside/Downside: -3.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.67
• Trailing P/E Ratio: 58.67
• Forward P/E Ratio: 78.07
• P/E Growth: 5.65
• Net Income: $216.80 million
• Net Margins: 26.11%
• Pretax Margin: 12.36%
• Return on Equity: 11.04%
• Return on Assets: 7.11%

Debt

• Debt-to-Equity Ratio: 0.19
• Current Ratio: 2.78
• Quick Ratio: 2.77

Sales & Book Value

• Annual Sales: $840.31 million
• Price / Sales: 12.95
• Cash Flow: $1.23 per share
• Price / Cash Flow: 80.30
• Book Value: $10.17 per share
• Price / Book: 9.75

Miscellaneous

• Outstanding Shares: 109,782,000
• Free Float: 98,474,000
• Market Cap: $10.88 billion
• Optionable: Optionable
• Beta: 1.28