MakeMyTrip Limited (MMYT) vs Pursuit Attractions and Hospitality, Inc. (PRSU)

MakeMyTrip Limited and Pursuit Attractions and Hospitality, Inc. are both Travel Services companies. MakeMyTrip Limited is the larger, with a market value of $4.4B against $1.3B — 3.3× the size. Pursuit Attractions and Hospitality, Inc. trades at the lower P/E: 36.5× against 134×. Pursuit Attractions and Hospitality, Inc. grew revenue faster over the last twelve months: 26.4% against 6.86%. Pursuit Attractions and Hospitality, Inc. has the higher net margin (7.94% vs 3.23%) and the lower return on invested capital (5.65% vs 16.6%). Across the 19 metrics below, Pursuit Attractions and Hospitality, Inc. leads on 11 and MakeMyTrip Limited on 8.

Valuation

Metric MMYT PRSU Travel Services median
P/E 133.57 36.50 17.52
P/S 4.27 2.83 2.24
P/B n/m 2.24 2.61
Price to free cash flow 39.75 n/m 12.40
EV/EBITDA 32.56 12.26 12.77
EV/Sales 4.89 3.24 2.38
Earnings yield 0.75% 2.74% 3.30%
Free cash flow yield 2.52% (0.40%) 3.22%

Profitability

Metric MMYT PRSU Travel Services median
Gross margin 76.78% 92.54% 67.64%
Operating margin 15.02% 17.48% 15.06%
Net margin 3.23% 7.94% 6.64%
Free cash flow margin 15.78% (1.13%) 3.21%
Return on equity 2,808.04% 6.24% 7.53%
Return on assets 1.03% 4.01% 3.40%
Return on invested capital 16.60% 5.65% 4.65%

Growth

Metric MMYT PRSU Travel Services median
Revenue growth (TTM) 6.86% 26.37% 13.25%
EPS growth (last fiscal year) (56.63%) (93.77%) —
Revenue growth, 5-year CAGR 44.90% 1.72% 28.66%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MMYT PRSU Travel Services median
Debt to equity (24.20) 0.38 0.32
Current ratio 3.13 1.61 1.20
Net debt to EBITDA 3.48 1.13 1.07

Dividend

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

Size

Metric MMYT PRSU Travel Services median
Market cap 4.41b 1.32b 4.41b

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