Stock Analysis on Net

Keurig Dr Pepper Inc. (NASDAQ:KDP)

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

Market Value Added (MVA)

Microsoft Excel

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

Keurig Dr Pepper Inc., MVA calculation

US$ in millions

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Fair value of short-term borrowings, long-term obligations (including current portion), and finance lease liability1 13,927 16,039 15,826 15,812
Operating lease liability 684 652 496 246
Market value of common equity 51,976 43,428 39,733 35,363
Preferred stock, $0.01 par value, no shares issued
Non-controlling interest 1
Market (fair) value of KDP 66,587 60,120 56,055 51,421
Less: Invested capital2 44,109 43,835 44,138 44,635
MVA 22,478 16,285 11,917 6,786

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).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA Keurig Dr Pepper Inc. market (fair) value less invested capital. Keurig Dr Pepper Inc. MVA increased from 2019 to 2020 and from 2020 to 2021.

MVA Spread Ratio

Keurig Dr Pepper Inc., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Market value added (MVA)1 22,478 16,285 11,917 6,786
Invested capital2 44,109 43,835 44,138 44,635
Performance Ratio
MVA spread ratio3 50.96% 37.15% 27.00% 15.20%
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).

1 MVA. See details »

2 Invested capital. See details »

3 2021 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 22,478 ÷ 44,109 = 50.96%

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. Keurig Dr Pepper Inc. MVA spread ratio improved from 2019 to 2020 and from 2020 to 2021.

MVA Margin

Keurig Dr Pepper Inc., MVA margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Market value added (MVA)1 22,478 16,285 11,917 6,786
Net sales 12,683 11,618 11,120 7,442
Performance Ratio
MVA margin2 177.23% 140.17% 107.17% 91.18%
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).

1 MVA. See details »

2 2021 Calculation
MVA margin = 100 × MVA ÷ Net sales
= 100 × 22,478 ÷ 12,683 = 177.23%

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. Keurig Dr Pepper Inc. MVA margin ratio improved from 2019 to 2020 and from 2020 to 2021.