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: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).
1 Fair value of debt. See details »
2 Invested capital. See details »
Item | Description | The company |
---|---|---|
MVA | Walt Disney Co. market (fair) value less invested capital. | Walt Disney Co. MVA decreased from 2021 to 2022 and from 2022 to 2023. |
MVA Spread Ratio
Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | Sep 29, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||
Market value added (MVA)1 | 58,367) | 59,670) | 179,102) | 176,716) | 163,436) | 117,292) | |
Invested capital2 | 173,764) | 173,977) | 172,934) | 174,594) | 169,178) | 79,665) | |
Performance Ratio | |||||||
MVA spread ratio3 | 33.59% | 34.30% | 103.57% | 101.22% | 96.61% | 147.23% | |
Benchmarks | |||||||
MVA Spread Ratio, Competitors4 | |||||||
Alphabet Inc. | 797.66% | 634.23% | 1,159.04% | 970.03% | 804.65% | — | |
Charter Communications Inc. | 4.11% | 12.56% | 58.27% | 65.04% | 47.41% | — | |
Comcast Corp. | 34.32% | 23.22% | 50.36% | 64.16% | 48.88% | — | |
Meta Platforms Inc. | 767.10% | 380.86% | 579.06% | 791.20% | 773.13% | — | |
Netflix Inc. | 596.82% | 371.76% | 453.21% | 772.09% | 596.41% | — |
Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).
1 MVA. See details »
2 Invested capital. See details »
3 2023 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 58,367 ÷ 173,764 = 33.59%
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. | Walt Disney Co. MVA spread ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
MVA Margin
Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | Sep 29, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||
Market value added (MVA)1 | 58,367) | 59,670) | 179,102) | 176,716) | 163,436) | 117,292) | |
Revenues | 88,898) | 82,722) | 67,418) | 65,388) | 69,570) | 59,434) | |
Add: Increase (decrease) in deferred revenues | 87) | 1,810) | 447) | (468) | 1,134) | —) | |
Adjusted revenues | 88,985) | 84,532) | 67,865) | 64,920) | 70,704) | 59,434) | |
Performance Ratio | |||||||
MVA margin2 | 65.59% | 70.59% | 263.91% | 272.21% | 231.16% | 197.35% | |
Benchmarks | |||||||
MVA Margin, Competitors3 | |||||||
Alphabet Inc. | 491.55% | 390.80% | 664.82% | 649.56% | 499.56% | — | |
Charter Communications Inc. | 10.06% | 30.51% | 147.55% | 180.14% | 142.49% | — | |
Comcast Corp. | 59.40% | 41.05% | 99.16% | 138.43% | 97.01% | — | |
Meta Platforms Inc. | 802.73% | 332.57% | 454.84% | 744.17% | 715.58% | — | |
Netflix Inc. | 667.68% | 443.50% | 529.22% | 912.25% | 708.65% | — |
Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).
1 MVA. See details »
2 2023 Calculation
MVA margin = 100 × MVA ÷ Adjusted revenues
= 100 × 58,367 ÷ 88,985 = 65.59%
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. | Walt Disney Co. MVA margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |