Market Value Added (MVA)
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
Charter Communications Inc., MVA calculation
US$ in millions
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Charter Communications Inc. market (fair) value less invested capital. | Charter Communications Inc. MVA decreased from 2021 to 2022 and from 2022 to 2023. |
MVA Spread Ratio
Charter Communications Inc., MVA spread ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Market value added (MVA)1 | 5,492) | 16,495) | 76,286) | 86,599) | 65,161) | |
| Invested capital2 | 133,644) | 131,318) | 130,911) | 133,151) | 137,438) | |
| Performance Ratio | ||||||
| MVA spread ratio3 | 4.11% | 12.56% | 58.27% | 65.04% | 47.41% | |
| Benchmarks | ||||||
| MVA Spread Ratio, Competitors4 | ||||||
| Alphabet Inc. | 797.59% | 533.88% | 988.84% | 800.47% | — | |
| Comcast Corp. | 34.32% | 23.22% | 50.36% | 64.16% | — | |
| Meta Platforms Inc. | 767.10% | 380.86% | 579.06% | 791.20% | — | |
| Netflix Inc. | 596.82% | 371.76% | 453.21% | 772.09% | — | |
| Walt Disney Co. | 33.59% | 34.30% | 103.57% | 101.22% | 96.61% | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 MVA. See details »
2 Invested capital. See details »
3 2023 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 5,492 ÷ 133,644 = 4.11%
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. | Charter Communications Inc. MVA spread ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
MVA Margin
Charter Communications Inc., MVA margin calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Market value added (MVA)1 | 5,492) | 16,495) | 76,286) | 86,599) | 65,161) | |
| Revenues | 54,607) | 54,022) | 51,682) | 48,097) | 45,764) | |
| Add: Increase (decrease) in deferred revenue | (2) | 50) | 19) | (23) | (34) | |
| Adjusted revenues | 54,605) | 54,072) | 51,701) | 48,074) | 45,730) | |
| Performance Ratio | ||||||
| MVA margin2 | 10.06% | 30.51% | 147.55% | 180.14% | 142.49% | |
| Benchmarks | ||||||
| MVA Margin, Competitors3 | ||||||
| Alphabet Inc. | 491.55% | 381.04% | 655.85% | 636.95% | — | |
| Comcast Corp. | 59.40% | 41.05% | 99.16% | 138.43% | — | |
| Meta Platforms Inc. | 802.73% | 332.57% | 454.84% | 744.17% | — | |
| Netflix Inc. | 667.68% | 443.50% | 529.22% | 912.25% | — | |
| Walt Disney Co. | 65.59% | 70.59% | 263.91% | 272.21% | 231.16% | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 MVA. See details »
2 2023 Calculation
MVA margin = 100 × MVA ÷ Adjusted revenues
= 100 × 5,492 ÷ 54,605 = 10.06%
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. | Charter Communications Inc. MVA margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |