Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

$24.99

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.

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MVA

Starbucks Corp., MVA calculation

US$ in thousands

Microsoft Excel
Oct 1, 2023 Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
Fair value of debt1
Operating lease liability
Market value of common equity
Noncontrolling interests
Less: Marketable securities
Market (fair) value of Starbucks
Less: Invested capital2
MVA

Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA Starbucks Corp. market (fair) value less invested capital. Starbucks Corp. MVA decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

MVA Spread Ratio

Starbucks Corp., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel
Oct 1, 2023 Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
Selected Financial Data (US$ in thousands)
Market value added (MVA)1
Invested capital2
Performance Ratio
MVA spread ratio3
Benchmarks
MVA Spread Ratio, Competitors4
Airbnb Inc.
Booking Holdings Inc.
Chipotle Mexican Grill Inc.
McDonald’s Corp.

Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).

1 MVA. See details »

2 Invested capital. See details »

3 2023 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × ÷ =

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. Starbucks Corp. MVA spread ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

MVA Margin

Starbucks Corp., MVA margin calculation, comparison to benchmarks

Microsoft Excel
Oct 1, 2023 Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
Selected Financial Data (US$ in thousands)
Market value added (MVA)1
 
Net revenues
Add: Increase (decrease) in stored value card liability and deferred revenue
Adjusted net revenues
Performance Ratio
MVA margin2
Benchmarks
MVA Margin, Competitors3
Airbnb Inc.
Booking Holdings Inc.
Chipotle Mexican Grill Inc.
McDonald’s Corp.

Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).

1 MVA. See details »

2 2023 Calculation
MVA margin = 100 × MVA ÷ Adjusted net revenues
= 100 × ÷ =

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. Starbucks Corp. MVA margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.