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
Based on: 10-K (reporting date: 2021-12-31), 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).
1 Fair value of debt. See details »
2 Invested capital. See details »
Item | Description | The company |
---|---|---|
MVA | Sherwin-Williams Co. market (fair) value less invested capital. | Sherwin-Williams Co. MVA increased from 2019 to 2020 and from 2020 to 2021. |
MVA Spread Ratio
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | ||||||
Market value added (MVA)1 | 66,192,180) | 60,301,976) | 47,413,910) | 34,567,267) | 31,921,965) | |
Invested capital2 | 15,808,100) | 15,489,500) | 16,416,500) | 16,849,000) | 17,931,827) | |
Performance Ratio | ||||||
MVA spread ratio3 | 418.72% | 389.31% | 288.82% | 205.16% | 178.02% | |
Benchmarks | ||||||
MVA Spread Ratio, Competitors4 | ||||||
Linde plc | 128.35% | 92.56% | 56.94% | — | — |
Based on: 10-K (reporting date: 2021-12-31), 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).
1 MVA. See details »
2 Invested capital. See details »
3 2021 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 66,192,180 ÷ 15,808,100 = 418.72%
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. | Sherwin-Williams Co. MVA spread ratio improved from 2019 to 2020 and from 2020 to 2021. |
MVA Margin
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | ||||||
Market value added (MVA)1 | 66,192,180) | 60,301,976) | 47,413,910) | 34,567,267) | 31,921,965) | |
Net sales | 19,944,600) | 18,361,700) | 17,900,800) | 17,534,493) | 14,983,788) | |
Performance Ratio | ||||||
MVA margin2 | 331.88% | 328.41% | 264.87% | 197.14% | 213.04% | |
Benchmarks | ||||||
MVA Margin, Competitors3 | ||||||
Linde plc | 302.43% | 267.64% | 158.41% | — | — |
Based on: 10-K (reporting date: 2021-12-31), 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).
1 MVA. See details »
2 2021 Calculation
MVA margin = 100 × MVA ÷ Net sales
= 100 × 66,192,180 ÷ 19,944,600 = 331.88%
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. | Sherwin-Williams Co. MVA margin ratio improved from 2019 to 2020 and from 2020 to 2021. |