MakeMyTrip Limited (MMYT) vs TripAdvisor, Inc. (TRIP)

MakeMyTrip Limited and TripAdvisor, Inc. are both Travel Services companies. MakeMyTrip Limited is the larger, with a market value of $4.4B against $1.0B — 4.4× the size. MakeMyTrip Limited trades at the lower P/E: 134× against 210×. MakeMyTrip Limited grew revenue faster over the last twelve months: 6.86% against 1.32%. MakeMyTrip Limited has the higher net margin (3.23% vs 0.27%) and the higher return on invested capital (16.6% vs 4.65%). Across the 20 metrics below, MakeMyTrip Limited leads on 12 and TripAdvisor, Inc. on 8.

Valuation

Metric MMYT TRIP Travel Services median
P/E 133.57 210.25 17.52
P/S 4.27 0.53 2.24
P/B n/m 1.48 2.61
Price to free cash flow 39.75 7.39 12.40
EV/EBITDA 32.56 6.86 12.77
EV/Sales 4.89 0.54 2.38
Earnings yield 0.75% 0.48% 3.30%
Free cash flow yield 2.52% 13.53% 3.22%

Profitability

Metric MMYT TRIP Travel Services median
Gross margin 76.78% 92.10% 67.64%
Operating margin 15.02% 2.73% 15.06%
Net margin 3.23% 0.27% 6.64%
Free cash flow margin 15.78% 7.21% 3.21%
Return on equity 2,808.04% 0.78% 7.53%
Return on assets 1.03% 0.19% 3.40%
Return on invested capital 16.60% 4.65% 4.65%

Growth

Metric MMYT TRIP Travel Services median
Revenue growth (TTM) 6.86% 1.32% 13.25%
EPS growth (last fiscal year) (56.63%) 675.00% —
Revenue growth, 5-year CAGR 44.90% 25.64% 28.66%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MMYT TRIP Travel Services median
Debt to equity (24.20) 1.29 0.32
Current ratio 3.13 1.56 1.20
Net debt to EBITDA 3.48 1.01 1.07

Dividend

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

Size

Metric MMYT TRIP Travel Services median
Market cap 4.41b 1.00b 4.41b

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