Stock Analysis on Net

Altria Group Inc. (NYSE:MO)

This company has been moved to the archive! The financial data has not been updated since July 28, 2022.

Market Value Added (MVA)

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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

Altria Group Inc., MVA calculation

US$ in millions

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Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Fair value of short-term borrowings and long-term debt1 30,459 34,682 30,710 25,204 15,300
Market value of common equity 93,552 81,039 78,962 97,658 121,629
Redeemable noncontrolling interest 40 38 39 38
Noncontrolling interests 86 97 2 3
Market (fair) value of Altria 124,011 115,847 109,807 122,903 136,970
Less: Invested capital2 33,524 41,498 42,624 48,504 36,756
MVA 90,487 74,349 67,183 74,399 100,214

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

Altria Group Inc., MVA spread ratio calculation, comparison to benchmarks

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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

Altria Group Inc., MVA margin calculation, comparison to benchmarks

Microsoft Excel
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.