Stock Analysis on Net

Kimberly-Clark Corp. (NYSE:KMB)

This company has been moved to the archive! The financial data has not been updated since April 23, 2021.

Market Value Added (MVA)

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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

Kimberly-Clark Corp., MVA calculation

US$ in millions

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Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Fair value of debt1 9,850 8,652 7,687 7,945 8,056
Operating lease liability 556 404 491 548 534
Market value of common equity 44,694 49,472 39,045 39,170 43,797
Preferred stock, no par value; none issued
Redeemable preferred securities of subsidiaries 28 29 64 61 58
Noncontrolling interests 243 227 241 253 219
Market (fair) value of Kimberly-Clark 55,371 58,784 47,528 47,977 52,664
Less: Invested capital2 12,877 11,405 11,239 11,929 11,778
MVA 42,494 47,379 36,289 36,048 40,886

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA Kimberly-Clark Corp. market (fair) value less invested capital. Kimberly-Clark Corp. MVA increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.

MVA Spread Ratio

Kimberly-Clark Corp., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel
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 42,494 47,379 36,289 36,048 40,886
Invested capital2 12,877 11,405 11,239 11,929 11,778
Performance Ratio
MVA spread ratio3 330.00% 415.42% 322.89% 302.19% 347.14%
Benchmarks
MVA Spread Ratio, Competitors4
Procter & Gamble Co. 265.73% 249.24% 150.51%

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 MVA. See details »

2 Invested capital. See details »

3 2020 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 42,494 ÷ 12,877 = 330.00%

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. Kimberly-Clark Corp. MVA spread ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020 not reaching 2018 level.

MVA Margin

Kimberly-Clark Corp., MVA margin calculation, comparison to benchmarks

Microsoft Excel
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 42,494 47,379 36,289 36,048 40,886
Net sales 19,140 18,450 18,486 18,259 18,202
Performance Ratio
MVA margin2 222.02% 256.79% 196.30% 197.43% 224.62%
Benchmarks
MVA Margin, Competitors3
Procter & Gamble Co. 378.64% 330.96% 207.71%

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 MVA. See details »

2 2020 Calculation
MVA margin = 100 × MVA ÷ Net sales
= 100 × 42,494 ÷ 19,140 = 222.02%

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. Kimberly-Clark Corp. MVA margin ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020 not reaching 2018 level.