Market value added (MVA) is the difference between a firm fair value and its invested capital. MVA is a measure of the value a company has created in excess of the resources already committed to the enterprise.
MVA
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 Fair value of debt. See details »
2 Invested capital. See details »
Item | Description | The company |
---|---|---|
MVA | Altria Group Inc. market (fair) value less invested capital. | Altria Group Inc. MVA increased from 2019 to 2020 and from 2020 to 2021. |
MVA Spread Ratio
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Market value added (MVA)1 | 90,487) | 74,349) | 67,183) | 74,399) | 100,214) | |
Invested capital2 | 33,524) | 41,498) | 42,624) | 48,504) | 36,756) | |
Performance Ratio | ||||||
MVA spread ratio3 | 269.92% | 179.16% | 157.62% | 153.39% | 272.65% | |
Benchmarks | ||||||
MVA Spread Ratio, Competitors4 | ||||||
Coca-Cola Co. | 289.24% | 244.21% | 297.74% | — | — | |
Mondelēz International Inc. | 85.16% | 65.69% | 76.66% | — | — | |
PepsiCo Inc. | 297.67% | 237.73% | 302.36% | — | — |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 MVA. See details »
2 Invested capital. See details »
3 2021 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 90,487 ÷ 33,524 = 269.92%
4 Click competitor name to see calculations.
Performance ratio | Description | The company |
---|---|---|
MVA spread ratio | The ratio of MVA to invested capital. It measures the efficiency with which investors’ capital investment has translated into a franchise value and into an aggregate net present value premium. | Altria Group Inc. MVA spread ratio improved from 2019 to 2020 and from 2020 to 2021. |
MVA Margin
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Market value added (MVA)1 | 90,487) | 74,349) | 67,183) | 74,399) | 100,214) | |
Net revenues | 26,013) | 26,153) | 25,110) | 25,364) | 25,576) | |
Performance Ratio | ||||||
MVA margin2 | 347.85% | 284.28% | 267.55% | 293.32% | 391.83% | |
Benchmarks | ||||||
MVA Margin, Competitors3 | ||||||
Coca-Cola Co. | 600.94% | 559.78% | 589.26% | — | — | |
Mondelēz International Inc. | 182.53% | 151.66% | 174.63% | — | — | |
PepsiCo Inc. | 261.55% | 236.69% | 267.35% | — | — |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 MVA. See details »
2 2021 Calculation
MVA margin = 100 × MVA ÷ Net revenues
= 100 × 90,487 ÷ 26,013 = 347.85%
3 Click competitor name to see calculations.
Performance ratio | Description | The company |
---|---|---|
MVA margin | The ratio of MVA to sales. It measures how efficiently and prodigiously sales translate into franchise value. | Altria Group Inc. MVA margin ratio improved from 2019 to 2020 and from 2020 to 2021. |