WallStSmart

MakeMyTrip Limited (MMYT)vsSea Ltd (SE)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Sea Ltd generates 2514% more annual revenue ($27.72B vs $1.06B). SE leads profitability with a 5.9% profit margin vs 3.2%. SE appears more attractively valued with a PEG of 1.04. SE earns a higher WallStSmart Score of 56/100 (C).

MMYT

Hold

44

out of 100

Grade: D

Growth: 6.0Profit: 5.5Value: 4.7Quality: 7.0
Piotroski: 4/9Altman Z: -0.81

SE

Buy

56

out of 100

Grade: C

Growth: 8.7Profit: 5.5Value: 6.7Quality: 6.5
Piotroski: 6/9Altman Z: 1.53
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

MMYTUndervalued (+30.7%)

Margin of Safety

+30.7%

Fair Value

$85.71

Current Price

$48.34

$37.37 discount

UndervaluedFair: $85.71Overvalued
SEUndervalued (+55.9%)

Margin of Safety

+55.9%

Fair Value

$259.48

Current Price

$103.67

$155.81 discount

UndervaluedFair: $259.48Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

MMYT1 strengths · Avg: 10.0/10
Debt/EquityHealth
-5.0010/10

Conservative balance sheet, low leverage

SE3 strengths · Avg: 9.0/10
Revenue GrowthGrowth
48.1%10/10

Revenue surging 48.1% year-over-year

Market CapQuality
$65.07B9/10

Large-cap with strong market position

Free Cash FlowQuality
$1.15B8/10

Generating 1.1B in free cash flow

Areas to Watch

MMYT4 concerns · Avg: 2.3/10
Profit MarginProfitability
3.2%3/10

3.2% margin — thin

PEG RatioValuation
5.392/10

Expensive relative to growth rate

P/E RatioValuation
234.3x2/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
-60.8%2/10

Earnings declined 60.8%

SE3 concerns · Avg: 3.0/10
Altman Z-ScoreHealth
1.534/10

Distress zone — elevated risk

Profit MarginProfitability
5.9%3/10

5.9% margin — thin

P/E RatioValuation
41.5x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : MMYT

The strongest argument for MMYT centers on Debt/Equity.

Bull Case : SE

The strongest argument for SE centers on Revenue Growth, Market Cap, Free Cash Flow. Revenue growth of 48.1% demonstrates continued momentum. PEG of 1.04 suggests the stock is reasonably priced for its growth.

Bear Case : MMYT

The primary concerns for MMYT are Profit Margin, PEG Ratio, P/E Ratio. A P/E of 234.3x leaves little room for execution misses. Thin 3.2% margins leave little buffer for downturns.

Bear Case : SE

The primary concerns for SE are Altman Z-Score, Profit Margin, P/E Ratio. A P/E of 41.5x leaves little room for execution misses.

Key Dynamics to Monitor

MMYT profiles as a value stock while SE is a hypergrowth play — different risk/reward profiles.

SE carries more volatility with a beta of 1.52 — expect wider price swings.

SE is growing revenue faster at 48.1% — sustainability is the question.

Monitor TRAVEL SERVICES industry trends, competitive dynamics, and regulatory changes.

Bottom Line

SE scores higher overall (56/100 vs 44/100) and 48.1% revenue growth. MMYT offers better value entry with a 30.7% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

MakeMyTrip Limited

CONSUMER CYCLICAL · TRAVEL SERVICES · USA

MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, and Indonesia. The company is headquartered in Gurugram, India.

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Sea Ltd

CONSUMER CYCLICAL · INTERNET RETAIL · USA

Sea Limited is engaged in the digital entertainment, e-commerce and digital financial services businesses in Southeast Asia, Latin America, the rest of Asia and internationally. The company is headquartered in Singapore.

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