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, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Fair value of debt1 19,388  18,650  18,354  17,882  15,908 
Operating lease liability 581  725  863  860  897 
Market value of common equity 84,056  67,732  62,676  69,278  62,456 
Noncontrolling interest 76  76  80  54  88 
Market (fair) value of Mondelēz International 104,101  87,182  81,973  88,074  79,349 
Less: Invested capital2 58,928  58,303  57,325  58,280  58,233 
MVA 45,173  28,880  24,648  29,794  21,116 

Based on: 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), 10-K (filing date: 2016-02-19).

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 2017 to 2018 and from 2018 to 2019.

MVA Spread Ratio

Mondelēz International Inc., MVA spread ratio calculation

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Market value added (MVA)1 45,173  28,880  24,648  29,794  21,116 
Invested capital2 58,928  58,303  57,325  58,280  58,233 
Performance Ratio
MVA spread ratio3 76.66% 49.53% 43.00% 51.12% 36.26%

Based on: 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), 10-K (filing date: 2016-02-19).

1 MVA. See details »

2 Invested capital. See details »

3 2019 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 45,173 ÷ 58,928 = 76.66%

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 2017 to 2018 and from 2018 to 2019.

MVA Margin

Mondelēz International Inc., MVA margin calculation

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Market value added (MVA)1 45,173  28,880  24,648  29,794  21,116 
Net revenues 25,868  25,938  25,896  25,923  29,636 
Performance Ratio
MVA margin2 174.63% 111.34% 95.18% 114.93% 71.25%

Based on: 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), 10-K (filing date: 2016-02-19).

1 MVA. See details »

2 2019 Calculation
MVA margin = 100 × MVA ÷ Net revenues
= 100 × 45,173 ÷ 25,868 = 174.63%

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 2017 to 2018 and from 2018 to 2019.