Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Analog Devices Inc. (NASDAQ:ADI)

Market Value Added (MVA)

Advanced level

MVA

Analog Devices Inc., MVA calculation

US$ in thousands

Microsoft Excel LibreOffice Calc
Oct 31, 2020 Nov 2, 2019 Nov 3, 2018 Oct 28, 2017 Oct 29, 2016 Oct 31, 2015
Fair value of debt1 5,708,995  5,778,535  6,230,648  8,010,183  1,827,939  859,500 
Operating lease liability 328,415  380,127  320,923  126,104  76,078  55,451 
Market value of common equity 50,578,788  42,314,259  33,158,893  32,679,563  22,462,552  18,854,706 
Preferred stock, $1.00 par value, none outstanding —  —  —  —  —  — 
Less: Short-term investments —  —  —  —  3,134,661  2,144,575 
Market (fair) value of Analog Devices 56,616,198  48,472,922  39,710,464  40,815,850  21,231,908  17,625,082 
Less: Invested capital2 18,211,243  18,347,668  18,624,001  19,887,009  4,004,443  3,980,835 
MVA 38,404,955  30,125,253  21,086,463  20,928,841  17,227,465  13,644,247 

Based on: 10-K (filing date: 2020-11-24), 10-K (filing date: 2019-11-26), 10-K (filing date: 2018-11-27), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-22), 10-K (filing date: 2015-11-24).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA Analog Devices Inc.’s market (fair) value less invested capital. Analog Devices Inc.’s MVA increased from 2018 to 2019 and from 2019 to 2020.

MVA Spread Ratio

Analog Devices Inc., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Oct 31, 2020 Nov 2, 2019 Nov 3, 2018 Oct 28, 2017 Oct 29, 2016 Oct 31, 2015
Selected Financial Data (US$ in thousands)
Market value added (MVA)1 38,404,955  30,125,253  21,086,463  20,928,841  17,227,465  13,644,247 
Invested capital2 18,211,243  18,347,668  18,624,001  19,887,009  4,004,443  3,980,835 
Performance Ratio
MVA spread ratio3 210.89% 164.19% 113.22% 105.24% 430.21% 342.75%
Benchmarks
MVA Spread Ratio, Competitors4
Advanced Micro Devices Inc. 1,655.65% 884.88% 559.44% 597.46% 54.57%
Apple Inc. 4,594.52% 1,873.75% 2,788.83% 1,392.41% 1,117.70% 1,316.40%
Applied Materials Inc. 482.20% 222.80% 365.39% 274.51% 120.00%
Broadcom Inc. 168.52% 161.97% 151.73% 95.52% 408.84%
Cisco Systems Inc. 225.53% 295.15% 309.66% 135.02% 170.52% 141.33%
Intel Corp. 286.44% 218.93% 237.54% 183.20% 134.62%
Lam Research Corp. 503.38% 326.52% 224.36% 287.44% 100.42% 124.75%
Micron Technology Inc. 54.74% 45.95% 56.63% 112.98% 36.75% 47.26%
NVIDIA Corp. 1,247.35% 1,776.58% 2,159.95% 1,500.16% 565.53% 318.07%
Qualcomm Inc. 815.45% 438.33% 401.62% 100.84% 375.35% 285.25%
Texas Instruments Inc. 946.70% 730.79% 773.40% 552.87% 344.31%

Based on: 10-K (filing date: 2020-11-24), 10-K (filing date: 2019-11-26), 10-K (filing date: 2018-11-27), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-22), 10-K (filing date: 2015-11-24).

1 MVA. See details »

2 Invested capital. See details »

3 2020 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 38,404,955 ÷ 18,211,243 = 210.89%

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. Analog Devices Inc.’s MVA spread ratio improved from 2018 to 2019 and from 2019 to 2020.

MVA Margin

Analog Devices Inc., MVA margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Oct 31, 2020 Nov 2, 2019 Nov 3, 2018 Oct 28, 2017 Oct 29, 2016 Oct 31, 2015
Selected Financial Data (US$ in thousands)
Market value added (MVA)1 38,404,955  30,125,253  21,086,463  20,928,841  17,227,465  13,644,247 
Revenue 5,603,056  5,991,065  6,200,942  5,107,503  3,421,409  3,435,092 
Performance Ratio
MVA margin2 685.43% 502.84% 340.05% 409.77% 503.52% 397.20%
Benchmarks
MVA Margin, Competitors3
Advanced Micro Devices Inc. 839.90% 363.54% 233.95% 314.05% 29.94%
Apple Inc. 646.87% 391.58% 315.78% 311.52% 212.51% 217.53%
Applied Materials Inc. 334.35% 146.45% 305.59% 251.98% 144.81%
Broadcom Inc. 447.69% 346.64% 439.20% 330.71% 505.47%
Cisco Systems Inc. 235.28% 311.35% 308.27% 155.02% 164.22% 125.11%
Intel Corp. 320.84% 232.60% 253.48% 198.19% 148.56%
Lam Research Corp. 492.91% 285.01% 195.14% 249.00% 156.84% 130.86%
Micron Technology Inc. 108.00% 76.12% 65.98% 158.59% 65.25% 48.86%
NVIDIA Corp. 1,615.72% 725.30% 1,436.52% 877.10% 271.29% 168.09%
Qualcomm Inc. 615.38% 387.14% 332.30% 224.96% 288.28% 234.84%
Texas Instruments Inc. 793.53% 579.37% 612.75% 496.61% 326.02%

Based on: 10-K (filing date: 2020-11-24), 10-K (filing date: 2019-11-26), 10-K (filing date: 2018-11-27), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-22), 10-K (filing date: 2015-11-24).

1 MVA. See details »

2 2020 Calculation
MVA margin = 100 × MVA ÷ Revenue
= 100 × 38,404,955 ÷ 5,603,056 = 685.43%

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. Analog Devices Inc.’s MVA margin ratio improved from 2018 to 2019 and from 2019 to 2020.