WallStSmart

MakeMyTrip Limited (MMYT)vsTrip.com Group Ltd ADR (TCOM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Trip.com Group Ltd ADR generates 5905% more annual revenue ($62.41B vs $1.04B). TCOM leads profitability with a 53.3% profit margin vs 5.5%. TCOM trades at a lower P/E of 7.4x. TCOM earns a higher WallStSmart Score of 81/100 (A-).

MMYT

Hold

40

out of 100

Grade: F

Growth: 6.0Profit: 5.5Value: 3.0Quality: 7.0
Piotroski: 4/9Altman Z: 1.55

TCOM

Exceptional Buy

81

out of 100

Grade: A-

Growth: 9.3Profit: 8.0Value: 10.0Quality: 6.5
Piotroski: 4/9Altman Z: 1.73
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

MMYTSignificantly Overvalued (-1578.5%)

Margin of Safety

-1578.5%

Fair Value

$3.54

Current Price

$39.11

$35.57 premium

UndervaluedFair: $3.54Overvalued
TCOMUndervalued (+82.1%)

Margin of Safety

+82.1%

Fair Value

$323.86

Current Price

$51.18

$272.68 discount

UndervaluedFair: $323.86Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

MMYT1 strengths · Avg: 10.0/10
Debt/EquityHealth
-5.9310/10

Conservative balance sheet, low leverage

TCOM6 strengths · Avg: 9.7/10
P/E RatioValuation
7.4x10/10

Attractively priced relative to earnings

Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Profit MarginProfitability
53.3%10/10

Keeps 53 of every $100 in revenue as profit

EPS GrowthGrowth
97.8%10/10

Earnings expanding 97.8% YoY

Return on EquityProfitability
21.1%9/10

Every $100 of equity generates 21 in profit

Debt/EquityHealth
0.199/10

Conservative balance sheet, low leverage

Areas to Watch

MMYT4 concerns · Avg: 2.8/10
Altman Z-ScoreHealth
1.554/10

Distress zone — elevated risk

Profit MarginProfitability
5.5%3/10

5.5% margin — thin

P/E RatioValuation
76.8x2/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
-69.6%2/10

Earnings declined 69.6%

TCOM2 concerns · Avg: 4.0/10
PEG RatioValuation
1.914/10

Expensive relative to growth rate

Altman Z-ScoreHealth
1.734/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : MMYT

The strongest argument for MMYT centers on Debt/Equity. Revenue growth of 10.6% demonstrates continued momentum.

Bull Case : TCOM

The strongest argument for TCOM centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 53.3% and operating margin at 16.5%. Revenue growth of 20.8% demonstrates continued momentum.

Bear Case : MMYT

The primary concerns for MMYT are Altman Z-Score, Profit Margin, P/E Ratio. A P/E of 76.8x leaves little room for execution misses.

Bear Case : TCOM

The primary concerns for TCOM are PEG Ratio, Altman Z-Score.

Key Dynamics to Monitor

MMYT profiles as a value stock while TCOM is a growth play — different risk/reward profiles.

MMYT carries more volatility with a beta of 0.67 — expect wider price swings.

TCOM is growing revenue faster at 20.8% — sustainability is the question.

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

Bottom Line

TCOM scores higher overall (81/100 vs 40/100), backed by strong 53.3% margins and 20.8% revenue growth. Both earn "Exceptional 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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Trip.com Group Ltd ADR

CONSUMER CYCLICAL · TRAVEL SERVICES · China

Trip.com Group Limited is a travel service provider for accommodation booking, transportation ticketing, destination and package tours, corporate travel management and other travel-related services in China and internationally. The company is headquartered in Shanghai, the People's Republic of China.

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