Global Business Travel Group, Inc. (GBTG) vs MakeMyTrip Limited (MMYT)

Global Business Travel Group, Inc. and MakeMyTrip Limited are both Travel Services companies. Global Business Travel Group, Inc. is the larger, with a market value of $5.0B against $4.4B — 1.1× the size. Global Business Travel Group, Inc. trades at the lower P/E: 55.9× against 134×. Global Business Travel Group, Inc. grew revenue faster over the last twelve months: 30.2% against 6.86%. MakeMyTrip Limited has the higher net margin (3.23% vs 2.77%) and the higher return on invested capital (16.6% vs 1.61%). Across the 20 metrics below, MakeMyTrip Limited leads on 11 and Global Business Travel Group, Inc. on 9.

Valuation

Metric GBTG MMYT Travel Services median
P/E 55.88 133.57 17.52
P/S 1.54 4.27 2.24
P/B 2.97 n/m 2.61
Price to free cash flow 47.85 39.75 12.40
EV/EBITDA 20.05 32.56 12.77
EV/Sales 1.85 4.89 2.38
Earnings yield 1.79% 0.75% 3.30%
Free cash flow yield 2.09% 2.52% 3.22%

Profitability

Metric GBTG MMYT Travel Services median
Gross margin 58.50% 76.78% 67.64%
Operating margin 2.14% 15.02% 15.06%
Net margin 2.77% 3.23% 6.64%
Free cash flow margin 3.21% 15.78% 3.21%
Return on equity 6.17% 2,808.04% 7.53%
Return on assets 1.97% 1.03% 3.40%
Return on invested capital 1.61% 16.60% 4.65%

Growth

Metric GBTG MMYT Travel Services median
Revenue growth (TTM) 30.16% 6.86% 13.25%
EPS growth (last fiscal year) 173.33% (56.63%) —
Revenue growth, 5-year CAGR 27.94% 44.90% 28.66%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GBTG MMYT Travel Services median
Debt to equity 0.92 (24.20) 0.32
Current ratio 1.20 3.13 1.20
Net debt to EBITDA 3.06 3.48 1.07

Dividend

Metric GBTG MMYT Travel Services median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric GBTG MMYT Travel Services median
Market cap 4.95b 4.41b 4.41b

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