Stock Analysis on Net

Airbnb Inc. (NASDAQ:ABNB)

Market Value Added (MVA)

Microsoft Excel

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

Airbnb Inc., MVA calculation

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Fair value of debt1 1,900 1,800 1,700 1,964 2,300
Operating lease liability 299 313 354 436 487
Market value of common equity 88,931 98,684 84,294 99,703 125,551
Less: Short-term investments 3,747 3,197 2,244 2,255 911
Market (fair) value of Airbnb 87,383 97,600 84,104 99,848 127,427
Less: Invested capital2 6,117 5,829 6,849 5,836 4,764
MVA 81,266 91,771 77,255 94,012 122,664

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA Airbnb Inc. market (fair) value less invested capital. Airbnb Inc. MVA increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level.

MVA Spread Ratio

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

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Market value added (MVA)1 81,266 91,771 77,255 94,012 122,664
Invested capital2 6,117 5,829 6,849 5,836 4,764
Performance Ratio
MVA spread ratio3 1,328.53% 1,574.38% 1,127.97% 1,610.92% 2,575.01%
Benchmarks
MVA Spread Ratio, Competitors4
Booking Holdings Inc. 1,316.18% 1,200.63% 645.29% 637.90% 662.28%
Chipotle Mexican Grill Inc. 1,086.51% 1,142.84% 775.57% 750.94% 835.20%
McDonald’s Corp. 447.88% 430.22% 426.12% 393.79% 359.83%
Starbucks Corp. 477.06% 540.56% 553.87% 552.49% 492.67%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 MVA. See details »

2 Invested capital. See details »

3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 81,266 ÷ 6,117 = 1,328.53%

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. Airbnb Inc. MVA spread ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.

MVA Margin

Airbnb Inc., MVA margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Market value added (MVA)1 81,266 91,771 77,255 94,012 122,664
 
Revenue 11,102 9,917 8,399 5,992 3,378
Add: Increase (decrease) in unearned fees 189 245 278 496 (267)
Adjusted revenue 11,291 10,162 8,677 6,488 3,111
Performance Ratio
MVA margin2 719.74% 903.08% 890.34% 1,449.11% 3,942.51%
Benchmarks
MVA Margin, Competitors3
Booking Holdings Inc. 719.27% 641.48% 515.10% 873.43% 1,419.18%
Chipotle Mexican Grill Inc. 654.03% 693.54% 483.21% 544.85% 685.40%
McDonald’s Corp. 857.91% 844.34% 834.91% 808.92% 875.15%
Starbucks Corp. 310.74% 334.25% 352.88% 450.20% 480.36%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 MVA. See details »

2 2024 Calculation
MVA margin = 100 × MVA ÷ Adjusted revenue
= 100 × 81,266 ÷ 11,291 = 719.74%

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. Airbnb Inc. MVA margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.