Market Value Added (MVA)
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
Target Corp., MVA calculation
US$ in millions
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 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).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Target Corp. market (fair) value less invested capital. | Target Corp. MVA decreased from 2022 to 2023 and from 2023 to 2024. |
MVA Spread Ratio
Target Corp., MVA spread ratio calculation, comparison to benchmarks
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Market value added (MVA)1 | 61,731) | 63,742) | 87,361) | 75,618) | 41,345) | 27,772) | |
| Invested capital2 | 34,307) | 30,226) | 30,151) | 30,495) | 27,256) | 26,047) | |
| Performance Ratio | |||||||
| MVA spread ratio3 | 179.94% | 210.89% | 289.75% | 247.97% | 151.69% | 106.62% | |
| Benchmarks | |||||||
| MVA Spread Ratio, Competitors4 | |||||||
| Costco Wholesale Corp. | — | 641.08% | 601.38% | 635.70% | 488.89% | 481.92% | |
| Walmart Inc. | 257.71% | 195.10% | 201.42% | 174.24% | 145.51% | 124.63% | |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 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).
1 MVA. See details »
2 Invested capital. See details »
3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 61,731 ÷ 34,307 = 179.94%
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. | Target Corp. MVA spread ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
MVA Margin
Target Corp., MVA margin calculation, comparison to benchmarks
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Market value added (MVA)1 | 61,731) | 63,742) | 87,361) | 75,618) | 41,345) | 27,772) | |
| Sales | 105,803) | 107,588) | 104,611) | 92,400) | 77,130) | 74,433) | |
| Performance Ratio | |||||||
| MVA margin2 | 58.35% | 59.25% | 83.51% | 81.84% | 53.60% | 37.31% | |
| Benchmarks | |||||||
| MVA Margin, Competitors3 | |||||||
| Costco Wholesale Corp. | — | 94.13% | 85.51% | 94.36% | 86.99% | 77.31% | |
| Walmart Inc. | 62.31% | 48.16% | 55.42% | 51.59% | 46.83% | 38.77% | |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 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).
1 MVA. See details »
2 2024 Calculation
MVA margin = 100 × MVA ÷ Sales
= 100 × 61,731 ÷ 105,803 = 58.35%
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. | Target Corp. MVA margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |