Stock Analysis on Net

GameStop Corp. (NYSE:GME)

This company has been moved to the archive! The financial data has not been updated since June 1, 2022.

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.


MVA

GameStop Corp., MVA calculation

US$ in thousands

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Fair value of debt, net1 37,700 374,100 409,400 828,900 851,700 846,100
Operating lease liability 604,400 684,100 768,700 802,918 816,641 1,023,030
Market value of common equity 6,696,479 12,711,536 273,302 1,034,946 1,304,330 2,109,234
Market (fair) value of GameStop 7,338,579 13,769,736 1,451,402 2,666,765 2,972,671 3,978,365
Less: Invested capital2 2,449,500 1,656,300 1,926,200 2,995,218 3,832,741 4,240,630
MVA 4,889,079 12,113,436 (474,798) (328,454) (860,070) (262,266)

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA GameStop Corp. market (fair) value less invested capital. GameStop Corp. MVA increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.

MVA Spread Ratio

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

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in thousands)
Market value added (MVA)1 4,889,079 12,113,436 (474,798) (328,454) (860,070) (262,266)
Invested capital2 2,449,500 1,656,300 1,926,200 2,995,218 3,832,741 4,240,630
Performance Ratio
MVA spread ratio3 199.59% 731.36% -24.65% -10.97% -22.44% -6.18%
Benchmarks
MVA Spread Ratio, Competitors4
Amazon.com Inc. 342.01% 728.57% 1,053.43% 730.44%
Home Depot Inc. 681.54% 631.50% 547.47% 617.70%
Lowe’s Cos. Inc. 587.76% 457.91% 186.58% 334.01%
TJX Cos. Inc. 333.18% 327.36% 261.07% 334.48% 289.43%

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

1 MVA. See details »

2 Invested capital. See details »

3 2022 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 4,889,079 ÷ 2,449,500 = 199.59%

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. GameStop Corp. MVA spread ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

MVA Margin

GameStop Corp., MVA margin calculation, comparison to benchmarks

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in thousands)
Market value added (MVA)1 4,889,079 12,113,436 (474,798) (328,454) (860,070) (262,266)
 
Net sales 6,010,700 5,089,800 6,466,000 8,285,300 9,224,600 8,607,900
Add: Increase (decrease) in deferred revenue 22,400 3,400 (7,700) (8,200) 8,200 18,700
Adjusted net sales 6,033,100 5,093,200 6,458,300 8,277,100 9,232,800 8,626,600
Performance Ratio
MVA margin2 81.04% 237.84% -7.35% -3.97% -9.32% -3.04%
Benchmarks
MVA Margin, Competitors3
Amazon.com Inc. 178.50% 312.93% 408.23% 330.23%
Home Depot Inc. 216.66% 237.60% 181.62% 195.15%
Lowe’s Cos. Inc. 159.89% 145.00% 69.10% 115.18%
TJX Cos. Inc. 135.17% 227.93% 116.99% 149.26% 130.42%

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

1 MVA. See details »

2 2022 Calculation
MVA margin = 100 × MVA ÷ Adjusted net sales
= 100 × 4,889,079 ÷ 6,033,100 = 81.04%

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. GameStop Corp. MVA margin ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.