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

Mondelēz International Inc. (NASDAQ:MDLZ)

Market Value Added (MVA)

Advanced level

Market value added (MVA) is the difference between a firms’s 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

Mondelēz International 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 debt1 21,568  19,388  18,650  18,354  17,882 
Operating lease liability 660  581  725  863  860 
Market value of common equity 79,375  84,056  67,732  62,676  69,278 
Noncontrolling interest 76  76  76  80  54 
Market (fair) value of Mondelēz International 101,679  104,101  87,182  81,973  88,074 
Less: Invested capital2 61,366  58,928  58,303  57,325  58,280 
MVA 40,313  45,173  28,880  24,648  29,794 

Based on: 10-K (filing date: 2021-02-05), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-24).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA Mondelēz International Inc.’s market (fair) value less invested capital. Mondelēz International Inc.’s MVA increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.

MVA Spread Ratio

Mondelēz International Inc., MVA spread ratio calculation

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 40,313  45,173  28,880  24,648  29,794 
Invested capital2 61,366  58,928  58,303  57,325  58,280 
Performance Ratio
MVA spread ratio3 65.69% 76.66% 49.53% 43.00% 51.12%

Based on: 10-K (filing date: 2021-02-05), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-24).

1 MVA. See details »

2 Invested capital. See details »

3 2020 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 40,313 ÷ 61,366 = 65.69%

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. Mondelēz International Inc.’s MVA spread ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.

MVA Margin

Mondelēz International Inc., MVA margin calculation

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 40,313  45,173  28,880  24,648  29,794 
Net revenues 26,581  25,868  25,938  25,896  25,923 
Performance Ratio
MVA margin2 151.66% 174.63% 111.34% 95.18% 114.93%

Based on: 10-K (filing date: 2021-02-05), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-24).

1 MVA. See details »

2 2020 Calculation
MVA margin = 100 × MVA ÷ Net revenues
= 100 × 40,313 ÷ 26,581 = 151.66%

Performance ratio Description The company
MVA margin The ratio of MVA to sales. It measures how efficiently and prodigiously sales translate into franchise value. Mondelēz International Inc.’s MVA margin ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.