Stock Analysis on Net

Microchip Technology Inc. (NASDAQ:MCHP)

This company has been moved to the archive! The financial data has not been updated since February 2, 2023.

Market Value Added (MVA)

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MVA

Microchip Technology Inc., MVA calculation

US$ in thousands

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Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018 Mar 31, 2017
Fair value of debt and Credit Facility1 8,105,900 10,328,700 11,090,300 13,043,000 6,415,200 5,619,684
Operating lease liability 162,700 165,200 139,200 142,998 61,468 74,830
Market value of common equity 36,968,602 38,961,814 21,545,100 19,352,942 21,811,406 18,929,913
Preferred stock, $0.001 par value; no shares issued or outstanding
Less: Available-for-sale investments and marketable equity securities 2,000 2,000 2,000 2,300 1,295,300 501,545
Market (fair) value of Microchip 45,235,202 49,453,714 32,772,600 32,536,640 26,992,774 24,122,881
Less: Invested capital2 11,963,600 12,643,700 13,725,600 14,715,398 5,149,468 6,087,016
MVA 33,271,602 36,810,014 19,047,000 17,821,242 21,843,306 18,035,866

Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA Microchip Technology Inc. market (fair) value less invested capital. Microchip Technology Inc. MVA increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.

MVA Spread Ratio

Microchip Technology Inc., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018 Mar 31, 2017
Selected Financial Data (US$ in thousands)
Market value added (MVA)1 33,271,602 36,810,014 19,047,000 17,821,242 21,843,306 18,035,866
Invested capital2 11,963,600 12,643,700 13,725,600 14,715,398 5,149,468 6,087,016
Performance Ratio
MVA spread ratio3 278.11% 291.13% 138.77% 121.11% 424.19% 296.30%
Benchmarks
MVA Spread Ratio, Competitors4
Advanced Micro Devices Inc. 119.87% 2,219.60% 2,281.37% 1,656.68%
Analog Devices Inc. 103.56% 117.94% 210.89% 164.19% 113.22%
Applied Materials Inc. 515.59% 815.05% 555.54% 482.20% 251.42%
Broadcom Inc. 327.92% 373.47% 237.74% 168.52% 161.97%
Intel Corp. 56.17% 138.47% 204.49% 286.44%
KLA Corp. 664.92% 735.85% 430.36% 274.54% 618.88%
Lam Research Corp. 411.90% 697.09% 503.38% 326.52% 224.36%
Micron Technology Inc. 17.24% 80.72% 54.74% 45.95% 56.63%
NVIDIA Corp. 3,534.07% 2,454.59% 1,247.43% 1,776.46%
ON Semiconductor Corp. 312.72% 289.98% 209.73% 87.91%
Qualcomm Inc. 372.61% 739.14% 815.45% 438.33% 401.62%
Texas Instruments Inc. 853.39% 887.48% 1,141.98% 946.70%

Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).

1 MVA. See details »

2 Invested capital. See details »

3 2022 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 33,271,602 ÷ 11,963,600 = 278.11%

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. Microchip Technology Inc. MVA spread ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.

MVA Margin

Microchip Technology Inc., MVA margin calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018 Mar 31, 2017
Selected Financial Data (US$ in thousands)
Market value added (MVA)1 33,271,602 36,810,014 19,047,000 17,821,242 21,843,306 18,035,866
 
Net sales 6,820,900 5,438,400 5,274,200 5,349,500 3,980,800 3,407,807
Add: Increase (decrease) in deferred revenue 117,600
Adjusted net sales 6,938,500 5,438,400 5,274,200 5,349,500 3,980,800 3,407,807
Performance Ratio
MVA margin2 479.52% 676.85% 361.14% 333.14% 548.72% 529.25%
Benchmarks
MVA Margin, Competitors3
Advanced Micro Devices Inc. 297.25% 836.71% 1,019.76% 838.80%
Analog Devices Inc. 388.08% 757.72% 685.43% 502.84% 340.05%
Applied Materials Inc. 297.74% 520.10% 422.74% 334.35% 148.45%
Broadcom Inc. 613.42% 879.58% 656.07% 447.69% 346.64%
Intel Corp. 78.99% 155.07% 215.26% 320.84%
KLA Corp. 562.17% 725.25% 482.13% 383.29% 401.11%
Lam Research Corp. 298.83% 497.71% 492.91% 285.01% 195.14%
Micron Technology Inc. 29.56% 135.02% 108.00% 76.12% 65.98%
NVIDIA Corp. 2,368.93% 1,919.01% 1,615.83% 725.25%
ON Semiconductor Corp. 351.98% 325.29% 274.96% 109.25%
Qualcomm Inc. 248.18% 445.16% 615.38% 387.14% 332.30%
Texas Instruments Inc. 748.35% 793.86% 1,023.69% 793.53%

Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).

1 MVA. See details »

2 2022 Calculation
MVA margin = 100 × MVA ÷ Adjusted net sales
= 100 × 33,271,602 ÷ 6,938,500 = 479.52%

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. Microchip Technology Inc. MVA margin ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.