Bull Rankings model

MakeMyTrip Limited (MMYT) stock analysis

Travel Services. Scored on the same transparent model behind the daily rankings.

★
MMYT
MakeMyTrip Limited · Travel Services
31.5Score
$44.73Oct 9 close$4.2B
1Y Target$73.80Analyst consensus · 10 analysts
5Y Target$129.08Compound horizon
10Y Target$230.68Long-dated conviction
FCF$153mTTM · 06/26
C
FCF $153m — modest; watch for margin expansion · Trailing twelve months to 06/26 (operating cash flow − capex).
Rev+6.7%FY YoY
C+
Revenue +6.7% — steady but below market-beating range · Computed from the last two annual revenue figures (FY YoY).
D/ENegative equity
—
Shareholders' equity is below zero, usually after years of share buybacks, so debt-to-equity has no meaning here. When the company earns an operating profit, the score measures its debt as net debt against that profit instead.
P/S*4.0x
C
P/S 4.0x — expensive vs Consumer Cyclical peers (≈90th pctile)
PEG5.39
D
PEG 5.39 — very expensive; pricing in best-case scenarios

* P/S replaces P/E — no positive earnings to divide by

Targets: 1-year is analyst consensus where covered, 5- and 10-year are model estimates; the DCF is a cross-check, not a target. Methodology

Quality-growth score · 31.5
Quality59.5
Growth50.0
Value10.5
Why this score
  • Cyclical growth
Entry · Margin of safety
52-week rangeNear 52-week low
54% off the 12-month high
vs DCF fair value57% aboveest. fair value ~$29
What the price assumes: free cash flow growing about 21% next year, slowing to 4% a year by year ten — vs a starting rate of ~14% our model takes as the middle of three readings — analyst estimates, last year's revenue growth, and the company's own multi-year record.

Model-generatedFrom reported fundamentals, checked against the figures above · Editorial standards

Why now
Travel Services · market cap $4.2b. Down 54% from 52-week high of $96.60 — deep drawdown territory. 10 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $73.80 (implying +65% upside).
Moat
Free cash flow runs well ahead of reported net income.
Risk
Down 54% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Net margin 3.2% is thin — operating leverage cuts both ways; input-cost inflation or pricing pressure hits the bottom line first.
Horizon
1-3 yr $73.80 (10-analyst consensus) — catalyst-driven; binary events dominate. 5 yr $129.08 — requires the platform / technology to reach commercial scale. 10 yr $230.68 — return distribution heavily skewed.

MMYT vs the Top Picks average

PillarMMYTBook avgDiff
Quality5983-24
Growth5089-39
Value1176-65

Average of today's Top 30 (mean score 82.6); size and sector limits also decide the book.

Trend
-5.4 over 82 daily scores
From 36.9 (Jun 22) → 31.5 (now)

One point per daily run; read From → To for the actual range.

MMYT at a glance

THE BULL RANKINGS SCORECARD31.5/ 100 · BULL SCOREPEER MEDIANQUALITY59.5GROWTH50.0VALUE10.5Reverse-DCF · Price implies ~21% growth a year from here.
PRICE vs OUR DCF FAIR VALUE$25.1$34.3FAIR-VALUE RANGE$44.7PRICEOur DCF fair value ~$28.6 · price $44.7 is 57% above it.
ONE-YEAR MOVE VS ITS BETAFLATThis stock-53%Trailing one-year price change. Price history is not an inputto the Bull Rankings score.
PRICE IN ITS 52-WEEK RANGE$44.7LOW $32.7HIGH $96.6Trading at the 19th percentile of its 52-week range ($32.7–$96.6).

Same audited fundamentals as the score, unless a card says otherwise.

Analyst estimate revisions

30-day change+0.0%
90-day change+10.7%
Forward EPS estimate$2.48

Over the last 90 days, what analysts expect MMYT to earn is materially higher (+10.7%). The estimate is derived from price and forward P/E captured at the same instant, so a moving share price does not move this number — only a changed forecast does.

Estimates move both ways and are not part of the Bull Rankings score. Biggest movers →

Shares to buy
44
Position size
$1,968
3.9% of portfolio
Stop price
$33.55
25% below $44.73
$ at risk if stopped
$492.03
budget $500.00 · 1% of portfolio

Math only: excludes commissions, slippage and gap risk. Inputs stay in your browser.

MakeMyTrip Limited (MMYT): score, valuation & FAQ

MakeMyTrip Limited (MMYT) is a Travel Services company that scores 31.5 out of 100 on the Bull Rankings quality-growth model — a weak reading. The score blends three pillars — quality (durable returns, healthy margins, low leverage), growth (revenue and earnings), and value (valuation versus sector peers) — into one number, refreshed daily; it is a screen, not a buy recommendation.

The model flags PEG (D) as weaker areas. On valuation, MMYT sits about 57% above our discounted-cash-flow fair value — the current price implies free cash flow growing about 21% next year, slowing to 4% a year by year ten.

Is MMYT a good stock to buy?

Bull Rankings scores MMYT 31.5 out of 100 on its quality-growth model, which is a weak reading. A score is a quantitative screen of MakeMyTrip Limited's fundamentals, not personalised financial advice — weigh it against your own time horizon and risk tolerance, and read the risk factors below before acting.

Why does MMYT score 31.5 on Bull Rankings?

The score leans on quality at 59.5 out of 100, with value the weakest pillar at 10.5 — the three combine geometrically, so a weak one cannot be papered over by a strong one. MMYT grades middle-of-pack across the graded signals, and is held back by PEG (D). Each signal is graded against sector-aware thresholds rather than one absolute bar, so MMYT is measured against Travel Services peers, not against the market as a whole.

Is MMYT overvalued or undervalued?

Based on $44.73, MMYT sits about 57% above our discounted-cash-flow fair value — the current price implies free cash flow growing about 21% next year, slowing to 4% a year by year ten. Discounted-cash-flow estimates are sensitive to growth and discount-rate assumptions, so treat this as a cross-check, not a price target.

What are the main risks of investing in MMYT?

Down 54% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Net margin 3.2% is thin — operating leverage cuts both ways; input-cost inflation or pricing pressure hits the bottom line first.

New to these metrics? See the guides and the methodology.

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