Discounted Cash Flow

Makemytrip Ltd. Foreign

MMYT · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2017 $447.6m $-62.8m $-117.2m -14.0%
2018 $675.3m (50.9%) $-218.4m (-248.0%) $-129.7m (-10.7%) -32.3% (-130.7%)
2019 $486.0m (-28.0%) $-167.8m (23.2%) $-82.4m (36.5%) -34.5% (-6.7%)
2020 $511.5m (5.3%) $-447.8m (-166.9%) $-116.3m (-41.1%) -87.5% (-153.6%)
2021 $163.4m (-68.0%) $-55.6m (87.6%) $63.9m (154.9%) -34.0% (61.1%)
2022 $285.9m (74.9%) $-45.4m (18.4%) $-8.2m (-112.8%) -15.9% (53.3%)
2023 $560.4m (96.0%) $-11.2m (75.4%) $28.9m (454.7%) -2.0% (87.5%)
2024 $729.5m (30.2%) $216.7m (2040.8%) $129.5m (347.6%) 29.7% (1590.8%)
2025 $881.3m (20.8%) $95.3m (-56.0%) $186.4m (43.9%) 10.8% (-63.6%)
2026 $918.3m (4.2%) $51.7m (-45.8%) $168.0m (-9.8%) 5.6% (-48.0%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model