Stock Analysis on Net

Meta Platforms Inc. (NASDAQ:FB)

Market Value Added (MVA)

Microsoft Excel LibreOffice Calc

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

Meta Platforms Inc., MVA calculation

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Fair value of finance lease liabilities1 523  473  —  —  — 
Operating lease liability 10,654  10,324  14,651  4,644  1,964 
Market value of common equity 754,633  597,255  475,732  560,927  378,530 
Less: Marketable securities 44,378  35,776  31,095  33,632  20,546 
Market (fair) value of Meta Platforms 721,432  572,276  459,288  531,939  359,948 
Less: Invested capital2 81,065  65,749  60,354  41,602  38,727 
MVA 640,367  506,527  398,934  490,337  321,221 

Based on: 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), 10-K (reporting date: 2016-12-31).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA Meta Platforms Inc. market (fair) value less invested capital. Meta Platforms Inc. MVA increased from 2018 to 2019 and from 2019 to 2020.

MVA Spread Ratio

Meta Platforms Inc., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Market value added (MVA)1 640,367  506,527  398,934  490,337  321,221 
Invested capital2 81,065  65,749  60,354  41,602  38,727 
Performance Ratio
MVA spread ratio3 789.94% 770.39% 660.99% 1,178.64% 829.45%
Benchmarks
MVA Spread Ratio, Competitors4
Alphabet Inc. 970.06% 804.69% 724.44% 922.60% 579.98%
Charter Communications Inc. 65.04% 47.41% 13.29% 27.90% 15.93%
Comcast Corp. 64.16% 48.88% 32.02% 69.16% 61.54%
Netflix Inc. 772.09% 596.41% 808.01% 1,107.27% 914.24%
Walt Disney Co. 101.22% 96.61% 147.23% 136.42% 145.89%

Based on: 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), 10-K (reporting date: 2016-12-31).

1 MVA. See details »

2 Invested capital. See details »

3 2020 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 640,367 ÷ 81,065 = 789.94%

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. Meta Platforms Inc. MVA spread ratio improved from 2018 to 2019 and from 2019 to 2020.

MVA Margin

Meta Platforms Inc., MVA margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Market value added (MVA)1 640,367  506,527  398,934  490,337  321,221 
 
Revenue 85,965  70,697  55,838  40,653  27,638 
Add: Increase (decrease) in deferred revenue 101  117  49  34 
Adjusted revenue 86,066  70,814  55,887  40,659  27,672 
Performance Ratio
MVA margin2 744.04% 715.29% 713.82% 1,205.97% 1,160.82%
Benchmarks
MVA Margin, Competitors3
Alphabet Inc. 649.58% 499.59% 459.16% 544.52% 462.57%
Charter Communications Inc. 180.14% 142.49% 41.48% 91.69% 76.42%
Comcast Corp. 138.43% 97.01% 72.86% 132.03% 119.55%
Netflix Inc. 912.25% 708.65% 865.62% 1,010.67% 657.33%
Walt Disney Co. 272.21% 231.16% 197.35% 196.88% 195.99%

Based on: 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), 10-K (reporting date: 2016-12-31).

1 MVA. See details »

2 2020 Calculation
MVA margin = 100 × MVA ÷ Adjusted revenue
= 100 × 640,367 ÷ 86,066 = 744.04%

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. Meta Platforms Inc. MVA margin ratio improved from 2018 to 2019 and from 2019 to 2020.