MakeMyTrip Limited (MMYT) vs NextTrip, Inc. (NTRP)

MakeMyTrip Limited and NextTrip, Inc. are both Travel Services companies. MakeMyTrip Limited is the larger, with a market value of $4.8B against $16.5M — 293.0× the size. NextTrip, Inc. has negative trailing earnings, so its P/E is not meaningful; MakeMyTrip Limited trades at 120×. NextTrip, Inc. grew revenue faster over the last twelve months: 356.8% against 5.49%. MakeMyTrip Limited has the higher net margin (3.91% vs −322.6%) and the higher return on invested capital (17.6% vs −198.6%). Across the 17 metrics below, MakeMyTrip Limited leads on 12 and NextTrip, Inc. on 5.

Valuation

Metric MMYT NTRP Travel Services median
P/E 119.75 n/m 19.05
P/S 4.66 3.29 2.64
P/B n/m 3.31 2.71
Price to free cash flow 42.90 n/m 13.14
EV/EBITDA 34.80 n/m 13.28
EV/Sales 5.27 3.26 3.26
Earnings yield 0.84% (118.69%) 4.29%
Free cash flow yield 2.33% (64.55%) 4.65%

Profitability

Metric MMYT NTRP Travel Services median
Gross margin 77.26% 17.27% 52.17%
Operating margin 15.15% (306.26%) 15.57%
Net margin 3.91% (322.62%) 8.07%
Free cash flow margin 15.87% (208.64%) 7.89%
Return on equity (162.39%) (288.69%) 1.26%
Return on assets 2.26% (116.33%) 3.81%
Return on invested capital 17.58% (198.62%) 5.65%

Growth

Metric MMYT NTRP Travel Services median
Revenue growth (TTM) 5.49% 356.84% 11.33%
EPS growth (last fiscal year) (56.63%) 18.39% 5.97%
Revenue growth, 5-year CAGR 44.90% 17.60% 29.37%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MMYT NTRP Travel Services median
Debt to equity (18.05) 0.21 0.21
Current ratio 2.94 0.49 1.33
Net debt to EBITDA 3.48 0.11 1.01

Dividend

Metric MMYT NTRP Travel Services median
Dividend yield — — 1.52%
Payout ratio — — 0.20

Size

Metric MMYT NTRP Travel Services median
Market cap 4.82b 16.45m 4.77b

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