Stock Analysis on Net
Stock Analysis on Net

Walmart Inc. (NYSE:WMT)

Market Value Added (MVA)

Microsoft Excel LibreOffice Calc

Market value added (MVA) is the difference between a firms’s 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

Walmart Inc., MVA calculation

US$ in millions

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016
Fair value of debt and finance lease obligations1 58,802  63,162  62,207  51,470  52,269  56,040 
Operating lease liability 14,375  17,964  8,533  10,267  11,626  13,339 
Market value of common equity 371,121  322,795  278,732  262,523  218,619  216,330 
Noncontrolling interest 6,606  6,883  7,138  2,953  2,737  3,065 
Less: Available-for-sale securities —  —  —  3,547  2,046  — 
Market (fair) value of Walmart 450,904  410,804  356,611  323,666  283,206  288,775 
Less: Invested capital2 164,411  167,329  158,768  142,543  148,752  155,895 
MVA 286,493  243,475  197,842  181,123  134,453  132,879 

Based on: 10-K (filing date: 2021-03-19), 10-K (filing date: 2020-03-20), 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-30), 10-K (filing date: 2017-03-31), 10-K (filing date: 2016-03-30).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA Walmart Inc.’s market (fair) value less invested capital. Walmart Inc.’s MVA increased from 2019 to 2020 and from 2020 to 2021.

MVA Spread Ratio

Walmart Inc., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016
Selected Financial Data (US$ in millions)
Market value added (MVA)1 286,493  243,475  197,842  181,123  134,453  132,879 
Invested capital2 164,411  167,329  158,768  142,543  148,752  155,895 
Performance Ratio
MVA spread ratio3 174.25% 145.51% 124.61% 127.07% 90.39% 85.24%
Benchmarks
MVA Spread Ratio, Competitors4
Costco Wholesale Corp. 635.70% 488.89% 481.92% 398.25% 306.85% 283.21%

Based on: 10-K (filing date: 2021-03-19), 10-K (filing date: 2020-03-20), 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-30), 10-K (filing date: 2017-03-31), 10-K (filing date: 2016-03-30).

1 MVA. See details »

2 Invested capital. See details »

3 2021 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 286,493 ÷ 164,411 = 174.25%

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. Walmart Inc.’s MVA spread ratio improved from 2019 to 2020 and from 2020 to 2021.

MVA Margin

Walmart Inc., MVA margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016
Selected Financial Data (US$ in millions)
Market value added (MVA)1 286,493  243,475  197,842  181,123  134,453  132,879 
Net sales 555,233  519,926  510,329  495,761  481,317  478,614 
Performance Ratio
MVA margin2 51.60% 46.83% 38.77% 36.53% 27.93% 27.76%
Benchmarks
MVA Margin, Competitors3
Costco Wholesale Corp. 94.36% 86.99% 77.31% 59.72% 45.97% 45.93%

Based on: 10-K (filing date: 2021-03-19), 10-K (filing date: 2020-03-20), 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-30), 10-K (filing date: 2017-03-31), 10-K (filing date: 2016-03-30).

1 MVA. See details »

2 2021 Calculation
MVA margin = 100 × MVA ÷ Net sales
= 100 × 286,493 ÷ 555,233 = 51.60%

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. Walmart Inc.’s MVA margin ratio improved from 2019 to 2020 and from 2020 to 2021.