MMYT
MakeMyTrip Limited (MMYT)
Last Price$94.5(1.8%)
Market Cap$10.9B
DCF value
N/A
Overvalued (DCF value)
(100.0%)
Discount Rate
13.0%
Long-Term Growth Rate
2.5%
Stock quality
7/10
Great

MMYT DCF Model

Free Cash Flow to Firm Model
NOPAT Model
Free Cash Flow to Equity Model
Net Income Model
Millions
Billions
Mar'20 ActualMar'21 ActualMar'22 ActualMar'23 ActualMar'24 ActualMar'25 EstimateMar'26 EstimateMar'27 EstimateMar'28 EstimateMar'29 EstimateMar'30 EstimateMar'31 EstimateMar'32 EstimateMar'33 EstimateMar'34 EstimateMar'35 Terminal
% growth
511.5
5.3%
163.4
(68.0%)
303.9
86.0%
593.0
95.1%
782.5
32.0%
989.9
26.5%
1,199.6
21.2%
1,442.0
20.2%
1,701.5
18.0%
1,970.0
15.8%
2,237.2
13.6%
2,491.3
11.4%
2,719.0
9.1%
2,907.3
6.9%
3,044.4
4.7%
3,120.5
2.5%
(157.3)
(30.7%)
(67.7)
(41.4%)
(20.3)
(6.7%)
34.6
5.8%
65.2
8.3%
(228.6)
(23.1%)
(277.1)
(23.1%)
(333.1)
(23.1%)
(393.0)
(23.1%)
(455.0)
(23.1%)
(516.8)
(23.1%)
(575.5)
(23.1%)
(628.1)
(23.1%)
(671.6)
(23.1%)
(703.2)
(23.1%)
(720.8)
(23.1%)
NOPAT
% effective tax rate
(157.2)
(30.7%)
(62.6)
(38.3%)
(19.9)
(6.5%)
31.8
5.4%
152.1
19.4%
(533.2)
(53.9%)
(646.2)
(53.9%)
(776.8)
(53.9%)
(916.6)
(53.9%)
(1,061.2)
(53.9%)
(1,205.2)
(53.9%)
(1,342.0)
(53.9%)
(1,464.7)
(53.9%)
(1,566.2)
(53.9%)
(1,640.0)
(53.9%)
(1,681.0)
(53.9%)
% of revenue
33.7
6.6%
33.0
20.2%
29.5
9.7%
27.4
4.6%
27.3
3.5%
58.8
5.9%
71.2
5.9%
85.6
5.9%
101.0
5.9%
116.9
5.9%
132.8
5.9%
147.9
5.9%
161.4
5.9%
172.6
5.9%
180.7
5.9%
185.2
5.9%
% of revenue
(12.8)
(2.5%)
(8.8)
(5.4%)
(12.9)
(4.2%)
(16.9)
(2.8%)
(5.9)
(0.8%)
(25.9)
(2.6%)
(31.4)
(2.6%)
(37.7)
(2.6%)
(44.5)
(2.6%)
(51.6)
(2.6%)
(58.6)
(2.6%)
(65.2)
(2.6%)
(71.2)
(2.6%)
(76.1)
(2.6%)
(79.7)
(2.6%)
(81.7)
(2.6%)
(60.9)
(11.9%)
65.1
39.8%
(27.1)
(8.9%)
(52.3)
(8.8%)
(4.9)
(0.6%)
(60.6)
(6.1%)
(73.4)
(6.1%)
(88.3)
(6.1%)
(104.2)
(6.1%)
(120.6)
(6.1%)
(137.0)
(6.1%)
(152.5)
(6.1%)
(166.5)
(6.1%)
(178.0)
(6.1%)
(186.4)
(6.1%)
(191.1)
(6.1%)
Free Cash Flow to Firm (FCFF)
% of revenue
(197.2)
(38.6%)
26.7
16.3%
(30.4)
(10.0%)
(10.0)
(1.7%)
168.5
21.5%
(561.0)
(56.7%)
(679.8)
(56.7%)
(817.2)
(56.7%)
(964.3)
(56.7%)
(1,116.4)
(56.7%)
(1,267.9)
(56.7%)
(1,411.9)
(56.7%)
(1,540.9)
(56.7%)
(1,647.7)
(56.7%)
(1,725.4)
(56.7%)
(1,768.5)
(56.7%)
% of FCFF used in calculation
7.7%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
Discount period
0.50
1.50
2.50
3.50
4.50
5.50
6.50
7.50
8.50
9.50
Discount factor
0.94
0.83
0.74
0.65
0.58
0.51
0.45
0.40
0.35
0.31
Discounted FCFF (DFCFF)

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MMYT DCF Value

DCF Value Calculation

as of Mar 03, 2025
Sum of DFCFF
% share of EV
N/A
30.0%
Terminal Value (TV)
N/A
Discounted TV
% share of EV
N/A
70.0%
Total Debt
221.6M
Shares outstanding
115.7M
FX rate
N/A
100% overvalued

Equity Value Bridge

MMYT DCF Financials

Revenue
$782.5M -> $3,044.4M 14.6% CAGR
Operating Income
$65.2M -> ($703.2M) N/A CAGR
FCFF
$168.5M -> ($1,725.4M) N/A CAGR

MMYT DCF sensitivity

DCF value
Long-term Terminal growth rate
1.5%
2.0%
2.5%
3.0%
3.5%
WACC
12.0%
$0.0
$0.0
$0.0
$0.0
$0.0
12.5%
$0.0
$0.0
$0.0
$0.0
$0.0
13.0%
$0.0
$0.0
$0.0
$0.0
$0.0
13.5%
$0.0
$0.0
$0.0
$0.0
$0.0
14.0%
$0.0
$0.0
$0.0
$0.0
$0.0
DCF value, undervalued / overvalued
Long-term Terminal growth rate
1.5%
2.0%
2.5%
3.0%
3.5%
WACC
12.0%
(100.0%)
(100.0%)
(100.0%)
(100.0%)
(100.0%)
12.5%
(100.0%)
(100.0%)
(100.0%)
(100.0%)
(100.0%)
13.0%
(100.0%)
(100.0%)
(100.0%)
(100.0%)
(100.0%)
13.5%
(100.0%)
(100.0%)
(100.0%)
(100.0%)
(100.0%)
14.0%
(100.0%)
(100.0%)
(100.0%)
(100.0%)
(100.0%)

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FAQ

What is MakeMyTrip Limited DCF (discounted cash flow) valuation?

As of Mar 03, 2025, MakeMyTrip Limited's Discounted Cash Flow (DCF) valuation estimates its share price at N/A. This suggests it may be overvalued by (100.0%) compared to its current price of around $94.5, using a WACC of 13.0% and growth rates of 2.5%.

What is MakeMyTrip Limited WACC?

As of Mar 03, 2025, MakeMyTrip Limited's Weighted Average Cost of Capital (WACC) is approximately 13.0%.

What is MakeMyTrip Limited Enterprise Value?

As of Mar 03, 2025, MakeMyTrip Limited's Enterprise Value (EV) is approximately $0.0. This value reflects the company's total market capitalization plus debt, minus cash and cash equivalents, providing a comprehensive measure of its overall value in the market.